2024-04-22T16:32:39-05:00 2023-08-31 410746749 CLIFTONLARSONALLEN LLP 20 EAST THOMAS ROAD SUITE 2300 PHOENIX AZ 85012 990 2022-09-01 621833327 MAKE-A-WISH FOUNDATION OF MIDDLE TENNESSEE MAKE 6152212200 600 HILL AVENUE 201 NASHVILLE TN 37210 BETH TORRES PRESIDENT & CEO 6152212200 2024-04-18 1 BETH TORRES XXX-XX-XXXX 1 MELISSA HANGSLEBEN P02087031 6022662248 2024-04-18 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z BETH TORRES 600 HILL AVENUE 201 NASHVILLE TN 37210 3113843 0 X WWW.WISH.ORG/MIDTN X 2000 TN CREATE LIFE-CHANGING WISHES FOR CHILDREN WITH CRITICAL ILLNESSES. 17 17 14 45 0 0 2484003 2923074 3900 4200 1832 13714 42 45784 2489777 2986772 1025326 1823069 0 0 720859 692013 0 0 244000 424218 469888 2170403 2984970 319374 1802 1283077 1488107 202297 396868 1080780 1091239 X MAKE-A-WISH FOUNDATION OF MIDDLE TENNESSEE CREATES LIFE-CHANGING WISHES FOR CHILDREN WITH CRITICAL ILLNESSES. 0 0 2406011 1823069 4200 SEE SCHEDULE O. 2406011 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 14 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 17 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 TN X X BETH TORRES 6152577789 600 HILL AVENUE 201 NASHVILLE TN 37210 JOSH LIVINGSTON CHAIR 1.00 X X 0 0 0 R JEFFREY WILLIAMS TREASURER 1.00 X X 0 0 0 NICOLE MCLEOD SECRETARY 1.00 X X 0 0 0 ALI HEMYARI DIRECTOR 1.00 X 0 0 0 JOSEPH GRENVICZ DIRECTOR 1.00 X 0 0 0 TRAVIS PARHAM DIRECTOR 1.00 X 0 0 0 JIM JACOBS DIRECTOR 1.00 X 0 0 0 TODD LAWRENCE DIRECTOR 1.00 X 0 0 0 CINDY STANTON DIRECTOR 1.00 X 0 0 0 LIZ NELSON DIRECTOR 1.00 X 0 0 0 ALLEN SILLS DIRECTOR 1.00 X 0 0 0 JOHN ARNOLD DIRECTOR 1.00 X 0 0 0 SCOTT FORD DIRECTOR 1.00 X 0 0 0 RYAN SLEDGE DIRECTOR 1.00 X 0 0 0 SUE ANN HEMPHILL DIRECTOR 1.00 X 0 0 0 MATT KOCH DIRECTOR 1.00 X 0 0 0 SANTI TEFEL DIRECTOR 1.00 X 0 0 0 KEN GRUBBS DIRECTOR (THRU 5/31/23) 1.00 X 0 0 0 BETH TORRES PRESIDENT & CEO 45.00 X 131120 0 13112 131120 0 13112 1 0 0 0 0 365108 2557966 616877 2923074 WISH ASSIST FEES 900099 4200 4200 4200 13714 13714 172855 365108 127071 45784 45784 2986772 4200 0 59498 1823069 1823069 158396 34847 83949 39600 427484 230850 107603 89031 8877 5952 1487 1438 53181 33401 8806 10974 44075 20364 14127 9584 4480 4480 4481 4032 -1054 1503 30964 15176 9276 6512 29274 11315 13886 4073 118492 58368 35165 24959 14853 10004 2000 2849 25523 12006 6184 7333 12035 5770 4154 2111 1843 802 747 294 CHAPTER DUES 186847 134530 28027 24290 MERCHANT FEES 23313 93 5638 17582 MISCELLANEOUS EXPENSE 17783 5432 10484 1867 2984970 2406011 334959 244000 312049 143213 528906 592022 253391 308010 11979 4099 96099 51468 132943 124731 20247 8212 60406 381083 1283077 1488107 169560 77921 32737 318947 202297 396868 X 859638 784448 221142 306791 1080780 1091239 1283077 1488107 1802 8657 0 X 0 1 X 1 0 X 2544004 2039999 2169050 2484003 2923074 12160130 2544004 2039999 2169050 2484003 2923074 12160130 302456 11857674 876 768 818 1832 13714 18008 257766 127310 64595 134674 172855 757200 12935338 21450 0.91670 0.92240 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: GROSS FUNDRAISING REVENUE - 2018 AMOUNT: $ 257,766. 2019 AMOUNT: $ 127,310. 2020 AMOUNT: $ 64,595. 2021 AMOUNT: $ 134,632. 2022 AMOUNT: $ 172,855. OTHER INCOME - 2018 AMOUNT: $ 0. 2019 AMOUNT: $ 0. 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 42. 2022 AMOUNT: $ 0. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 132943 124731 8212 8212 DUE FROM NATIONAL 65661 DUE FROM OTHER CHAPTERS 33001 RIGHT-OF-USE ASSETS - OPERATING 282421 381083 DUE TO NATIONAL 4596 DUE TO OTHER CHAPTERS 18895 LEASE LIABILITY - OPERATING 295456 318947 X 3324685 337913 337913 2986772 0 2986772 3314226 329256 329256 2984970 0 2984970 PART X, LINE 2: THE FOUNDATION IS A NONPROFIT ORGANIZATION EXEMPT FROM FEDERAL INCOME AND TENNESSEE INCOME TAXES UNDER THE PROVISIONS OF INTERNAL REVENUE CODE SECTION 501(C)(3). HOWEVER, THE FOUNDATION REMAINS SUBJECT TO INCOME TAXES ON ANY NET INCOME THAT IS DERIVED FROM A TRADE OR BUSINESS, REGULARLY CARRIED ON AND NOT IN FURTHERANCE OF THE PURPOSE FOR WHICH IT WAS GRANTED EXEMPTION. NO INCOME TAX PROVISION HAS BEEN RECORDED AS THE NET INCOME, IF ANY, FROM ANY UNRELATED TRADE OR BUSINESS, IN THE OPINION OF MANAGEMENT, IS NOT MATERIAL TO THE FINANCIAL STATEMENTS TAKEN AS A WHOLE. MANAGEMENT BELIEVES THAT NO UNCERTAIN TAX POSITIONS EXIST FOR THE FOUNDATION AT AUGUST 31, 2023 AND 2022. THE FOUNDATION FILES INCOME TAX RETURNS IN THE U.S. FEDERAL JURISDICTION, AND APPLICABLE STATE JURISDICTIONS. STARS FOR WISHES 272490 212608 59882 5100 23608 44445 PRACING HORSE FERRARI 152500 152500 4 112973 0 112973 3726 3750 25091 2625 18726 537963 365108 172855 3726 8850 48699 2625 63171 127071 45784 1 WISHES GRANTED 150 1221500 601569 FMV TRAVEL, M&E, SUPPLIES PART I, LINE 2: MAKE-A-WISH FOUNDATION OF MIDDLE TENNESSEE DOES NOT PROVIDE CASH GRANTS TO INDIVIDUALS, BUT RATHER GRANTS WISHES TO SELECTED BENEFICIARIES THAT MEET THE SPECIFIC CRITERIA FOR THE WISH GRANTING PROGRAM. THE ORGANIZATION ALLOCATES FUNDS DIRECTLY TO VENDORS FOR THE WISH EXPENSES, WITH THE EXCEPTION OF TRAVEL STIPENDS (I.E. MEALS, TIPS, GAS, ETC.) FROM A STANDARDIZED WISH BUDGET. ALL WISH EXPESES ARE DEVELOPED BY THE DIRECTOR OF PROGRAM SERVICES AND ARE APPROVED BY THE PRESIDENT/CEO. THE SUPPORTING WISH EXPENSE DOCUMENTATION (I.E. INVOICES AND STATEMENTS) ARE RETAINED BY THE ORGANIZATION. X WISH RELATED 241 616877 COST/FMV 0 0 1 0 PART I, COLUMN (B): THE AMOUNT IN COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS RECEIVED. FORM 990, PART III, LINE 4A PROGRAM ACCOMPLISHMENTS IT IS THE FOUNDING PRINCIPLE OF OUR VISION TO GRANT THE WISH OF EVERY ELIGIBLE CHILD, BETWEEN THE AGES OF 2 1/2 AND 18. FOR WISH KIDS, JUST THE ACT OF MAKING THEIR WISH COME TRUE CAN GIVE THEM THE COURAGE TO COMPLY WITH THEIR MEDICAL TREATMENTS. WITH OUR WISH MAKING PROCESS WE STRIVE TO BRING A SENSE OF EXCITEMENT AND HOPE DURING EXTREMELY DIFFICULT TIMES AND DELIVER A JOYFUL LIFE CHANGING EXPERIENCE WHETHER THE WISH IS A PRINCESS PARTY, SWIM WITH THE DOLPHINS, OR THE COUNTLESS OTHER POSSIBILITIES DREAMED UP BY THE MAGICAL MIND OF A CHILD. THE MAKE-A-WISH FOUNDATION OF MIDDLE TENNESSEE GRANTED 150 LIFE CHANGING WISHES IN THE FISCAL YEAR ENDING AUGUST 31, 2023. THIS WAS A RECORD NUMBER OF WISHES GRANTED IN A SINGLE FISCAL YEAR. THE TOTAL COST OF WISHES GRANTED FOR THE FISCAL YEAR WAS $2,735,268. OF THIS AMOUNT, $954,790 WAS CONTRIBUTED BY VARIOUS VENDORS WHO PROVIDED IN-KIND CONTRIBUTIONS SUCH AS TRAVEL AND TRAVEL SERVICES, TRANSPORTATION, LODGING, AND OTHER SERVICES AND USE OF FACILITIES TO COMPLETE A CHILD'S WISH. FOR FINANCIAL STATEMENT PURPOSES, THESE AMOUNTS ARE INCLUDED AS CONTRIBUTION REVENUE AND GRANTED WISH EXPENSE. FOR FORM 990, HOWEVER, THE IRS REQUIRES THIS AMOUNT BE EXCLUDED FROM BOTH REVENUE AND EXPENSE. THE PROGRAM EXPENSE RATIO WAS 83% IN FISCAL YEAR ENDING AUGUST 31, 2023. FORM 990, PART VI, SECTION A, LINE 1A THERE EXISTS AN EXECUTIVE COMMITTEE WHICH SHALL HAVE AND EXERCISE THE AUTHORITY OF THE BOARD OF DIRECTORS IN THE MANAGEMENT OF THE CORPORATION, EXCEPT NO SUCH COMMITTEE MAY EXERCISE THE AUTHORITY OF THE BOARD OF DIRECTORS IN REFERENCE TO THE FOLLOWING MATTERS: (I) FILLING VACANCIES ON, OR INCREASING OR DECREASING THE MEMBERS OF, THE BOARD OF DIRECTORS OR ANY COMMITTEE OF THE BOARD OF DIRECTORS; (II) ADOPTION, AMENDMENT OR REPEAL OF THESE BYLAWS OR THE ARTICLES OF INCORPORATION; OR (III) ANY MATTERS PROHIBITED BY LAW. FORM 990, PART VI, SECTION B, LINE 11B THE FOUNDATION WORKS CLOSELY WITH AN INDEPENDENT PUBLIC ACCOUNTING FIRM ENGAGED TO PREPARE THE FORM 990. THE DRAFT FORM 990 PREPARED BY THE ACCOUNTING FIRM IS REVIEWED BY THE ORGANIZATION'S PRESIDENT/CEO. THE RETURN IS THEN PRESENTED TO THE AUDIT COMMITTEE FOR THEIR REVIEW. SUBSEQUENT TO THE COMMITTEE APPROVAL, A COMPLETE COPY OF THE FORM 990 IS PROVIDED TO ALL VOTING MEMBERS OF THE BOARD PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION MAINTAINS A CONFLICT OF INTEREST AND ETHICS STATEMENT AS PROVIDED BY THE MAKE-A-WISH FOUNDATION OF AMERICA FOR EACH OFFICER, EMPLOYEE, BOARD MEMBER, AND VOLUNTEER. SUCH STATEMENTS MUST BE SIGNED UPON DATE OF HIRE, ELECTION, OR COMMENCEMENT OF VOLUNTEER SERVICE, AND AT LEAST ANNUALLY THEREAFTER. THE SIGNED STATEMENTS ARE THEN SUBMITTED TO AND REVIEWED BY THE VOLUNTEER COORDINATOR IF THEY ARE FROM VOLUNTEERS, AND THE PRESIDENT/CEO IF FROM STAFF AND BOARD MEMBERS. REVIEW OF THE STATEMENTS IS MONITORED BY THE PRESIDENT/CEO. THE PROCEDURES FOR ADDRESSING ANY CONFLICTS OF INTEREST OF WHICH THE PRESIDENT/CEO BECOMES AWARE INCLUDES, BUT ARE NOT LIMITED TO, THE FOLLOWING (1) DETERMINING THE NATURE OF THE CONFLICT VIA VERBAL OR WRITTEN COMMUNICATION WITH THE INTERESTED PERSON, (2) FULLY DISCLOSING CONFLICTING INTERESTS TO THE BOARD, (3) THE CONFLICTED PERSON RECUSES HIMSELF/HERSELF FROM DELIBERATIONS AND DECISIONS REGARDING THE TRANSACTION, AND (4) TAKING APPROPRIATE ACTIONS WARRANTED BY THE CONFLICT AS RECOMMENDED BY THE BOARD UP TO AND INCLUDING TERMINATION OF SERVICE. FORM 990, PART VI, SECTION B, LINE 15A THE PRESIDENT/CEO'S COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS, CONSISTING OF INDEPENDENT PERSONS. IT IS REVIEWED AGAINST NATIONAL BENCHMARKING SALARY STUDIES, SURVEYS DONE EVERY FEW YEARS BY MAKE-A-WISH FOUNDATION OF AMERICA, AND BY LOCAL SALARY SURVEYS CONDUCTED BY STATE ORGANIZATIONS AND BY NATIONAL BENCHMARKING ORGANIZATIONS. THE BOARDS DISCUSSIONS AND DECISIONS WERE CONTEMPORANEOUSLY DOCUMENTED. DOCUMENTATION INCLUDES THE TERMS OF THE TRANSACTION AND THE DATE IT WAS APPROVED, THE MEMBERS PRESENT DURING DELIBERATIONS AND THOSE WHO VOTED ON IT, AND THE COMPARABILITY DATA RELIED UPON AND HOW IT WAS OBTAINED. THIS PROCESS WAS LAST COMPLETED IN 2023. THE SAME PROCESS LISTED ABOVE IS USED FOR OTHER STAFF, USING THE SAME INSTRUMENTS. SALARIES FOR STAFF OTHER THAN THE PRESIDENT/CEO ARE DECIDED BY THE PRESIDENT/CEO IN CONSULTATION WITH THE EMPLOYEES' IMMEDIATE SUPERVISOR WITHIN LIMITS SET BY THE BOARD-APPROVED SALARY BUDGET. ALL SALARY INCREASES ARE BASED ON METRICS FROM PERFORMANCE REVIEWS. THIS PROCESS WAS LAST COMPLETED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.