Wishtoyo Foundation

“Director jan ward olmstead is the sister-in-law of executive director mati waiya.”

“The bylaws were amended to add an audit committee and to limit interested directors to no more than 49% of the board.”

“The form 990 was distributed to all board members for review prior to filing.”

“Each year, directors and other covered persons submit a disclosure statement identifying all potential and actual conflicts of interest, which the policy sets forth procedures for addressing. Disclosure statements are reviewed by the organization's filing officer, counsel, executive director, and board of directors to determine compliance and any appropriate actions.”

“Individual directors reviewed compensation data for similar position with similarly situated organizations.”

“Listed documents were not made available to the public.”

“We are amending the 2018 informational income tax return to reflect a financial transaction between the organization and director jan ward olmstead that was unintentionally omitted on the originally filed return. The amount reflected on the amended form 990 part vii paid to ms. Olmstead was for professional development training services she provided to the organization prior to her becoming a director in july 2018. We relied on the professional knowledge of an outside financial services and tax preparation firm to prepare the tax return and inform us of all required disclosures. Even though that firm was aware of the payments to ms. Olmstead, it failed to advise us that we were required to disclose payments made by the organization to a new director in the same calendar year for services provided prior to becoming a director. No additional payments were made to ms. Olmstead subsequent to her becoming a director. Additionally, we are amending part vii by unchecking the "director" box for mati waiya as he is not a board director of the organization.”

“Contracted services: program service expenses 244,862. Management and general expenses 29,991. Fundraising expenses 830. Total expenses 275,683.”

“Deferred grant revenue: wishtoyo receives monies for past and future attorney/staff fees and cost from cases, both to bring and litigate the case and to enforce/monitor the settlement. Depending on the outcome of the case, wishtoyo may repay the monies received in 2018. This amount was $210,000.”

“Includes $3,229,500 held in escrow for the purchase of property.”