2024-07-10T13:04:13-05:00 2023-08-31 410746749 CLIFTONLARSONALLEN LLP 20 EAST THOMAS ROAD SUITE 2300 PHOENIX AZ 85012 990 2022-09-01 222867371 MAKE-A-WISH FOUNDATION OF MASSACHUSETTS AND RHODE ISLAND INC MAKE 6173679474 133 FEDERAL STREET 2ND FLOOR BOSTON MA 021101703 SEAN HOLLERAN CHIEF EXECUTIVE OFFICER 6173679474 2024-07-07 1 SEAN HOLLERAN XXX-XX-XXXX 1 MELISSA HANGSLEBEN P02087031 6022662248 2024-07-07 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z SEAN HOLLERAN 133 FEDERAL STREET 2ND FLOOR BOSTON MA 021101703 7514753 0 X MASSRI.WISH.ORG X 1983 MA CREATES LIFE-CHANGING WISHES FOR CHILDREN WITH CRITICAL ILLNESSES. 16 16 37 558 0 0 7916883 6615428 3300 4650 0 9080 19554 41556 7939737 6670714 2818569 4620167 0 0 3132006 3414826 0 0 1070152 1573246 1899536 7523821 9934529 415916 -3263815 17858542 18068572 822019 3270171 17036523 14798401 X TOGETHER, WE CREATE LIFE-CHANGING WISHES FOR CHILDREN WITH CRITICAL ILLNESSES. 0 0 7044634 4620167 4650 SEE SCHEDULE O. 7044634 1 1 0 0 0 0 0 0 0 1 1 1 0 1 1 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 39 1 1 37 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 MA RI X X SEAN HOLLERAN 6173679474 133 FEDERAL STREET 2ND FLOOR BOSTON MA 021101703 SEAN HOLLERAN CHIEF EXECUTIVE OFFICER 40.00 X 278600 0 22563 GEORGE DEVENEY CHIEF ADVANCEMENT OFFICER 40.00 X 207498 0 20795 KARA WALKER VP OF MARKETING AND COMMUNICATIONS 40.00 X 159399 0 16172 AMY CARROLL VP OF MISSION DELIVERY 40.00 X 136588 0 16257 NICOLE MURPHY EASTERN MA REGIONAL DIRECTOR 40.00 X 121829 0 7967 JULIE ABEL DIRECTOR OF OUTREACH PROGRAM 40.00 X 113093 0 15303 ALFRED ROSE CHAIR 2.00 X X 0 0 0 TIMOTHY GRADY VICE CHAIR 2.00 X X 0 0 0 BILL MURPHY DIRECTOR 2.00 X 0 0 0 SIOBHAN MEE DIRECTOR 2.00 X 0 0 0 SALVATORE VISCOMI MD DIRECTOR 2.00 X 0 0 0 ROBERT LEWIS JR DIRECTOR 2.00 X 0 0 0 PHILIP T GLYNN MD DIRECTOR 2.00 X 0 0 0 LINDA DORCENA FORRY DIRECTOR 2.00 X 0 0 0 LEN HO DIRECTOR 2.00 X 0 0 0 TY HOWTON DIRECTOR 2.00 X 0 0 0 WILLIAM LOEHNING DIRECTOR 2.00 X 0 0 0 JOSEPH PERRONI DIRECTOR 2.00 X 0 0 0 JOHN WALSH DIRECTOR 2.00 X 0 0 0 ELAINE KEENE DIRECTOR 2.00 X 0 0 0 CHERYL WILKINSON DIRECTOR 2.00 X 0 0 0 AMANDA EISEL DIRECTOR 2.00 X 0 0 0 1017007 0 99057 10 0 1 0 0 1614600 5000828 1574608 6615428 WISH ASSIST FEES 900099 4650 4650 4650 9080 9080 844039 1614600 841412 2627 2627 26029 2627 23402 23402 OTHER INCOME 900099 15527 15527 15527 6670714 4650 0 50636 4620167 4620167 315591 69430 217758 28403 2579064 1225020 885703 468341 98321 42933 36638 18750 198296 95067 72227 31002 223554 102025 81155 40374 5530 5530 73415 12547 48057 12811 15854 2302 1434 12118 154439 40063 69885 44491 27801 10429 12273 5099 493555 222100 162873 108582 22392 1159 18220 3013 185643 1308 40700 143635 643693 450585 90117 102991 124132 55828 40974 27330 MISCELLANEOUS 85988 67923 9586 8479 MERCHANT FEES 38968 17536 12859 8573 REPAIRS AND MAINTENANCE 18903 7754 5213 5936 RELOCATION 9223 458 8541 224 9934529 7044634 1819743 1070152 2833386 1267512 626490 562193 5562 3354 4255 31627 133040 210161 1146067 527018 625189 619049 13527939 12953920 102681 2420756 17858542 18068572 471046 516256 203545 350973 2550370 822019 3270171 X 16075726 13849996 960797 948405 17036523 14798401 17858542 18068572 -3263815 1007070 18623 0 X 0 1 X 1 0 X 8107540 5757870 5841915 7916883 6615428 34239636 8107540 5757870 5841915 7916883 6615428 34239636 172306 34067330 385248 240218 9080 634546 576083 132476 333579 635653 885595 2563386 37437568 27275 0.91000 0.91160 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: GROSS FUNDRAISING REVENUE - 2018 AMOUNT: $ 562,166. 2019 AMOUNT: $ 127,773. 2020 AMOUNT: $ 323,887. 2021 AMOUNT: $ 616,100. 2022 AMOUNT: $ 844,039. OTHER REVENUE - 2018 AMOUNT: $ 13,917. 2019 AMOUNT: $ 4,703. 2020 AMOUNT: $ 9,692. 2021 AMOUNT: $ 19,553. 2022 AMOUNT: $ 15,527. GROSS GAMING REVENUE - 2018 AMOUNT: $ 0. 2019 AMOUNT: $ 0. 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 0. 2022 AMOUNT: $ 26,029. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8941287 528772 1007070 1042229 9434900 11217298 572648 -1707472 1100363 40824 8941287 9255484 258175 2608724 864271 40814 11217298 8308651 615451 1459620 1087516 40722 9255484 8428508 714126 167852 958084 43751 8308651 0.85000 0.01000 0.14000 1 0 10350 4828 5522 1038460 451002 587458 97257 71188 26069 619049 FIDELITY LEGACY LP 12953920 C 12953920 DUE FROM NATIONAL 147601 DUE FROM OTHER CHAPTERS 28899 RIGHT-OF-USE ASSETS - OPERATING 2225345 SECURITY DEPOSITS 18911 2420756 DUE TO OTHER CHAPTERS 161318 DUE TO NATIONAL 6148 LEASE LIABILITY - OPERATING 2382904 2550370 X 8733855 1007070 1056071 2063141 6670714 0 6670714 10971977 1037448 1037448 9934529 0 9934529 PART V, LINE 4: THE FOUNDATION'S ENDOWMENT CONSISTS OF SEVERAL INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES INCLUDING BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF DIRECTORS TO FUNCTION AS ENDOWMENTS. NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE BOARD OF DIRECTORS TO FUNCTION AS ENDOWMENTS ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. THE FOUNDATION HAS INTERPRETED THE MASSACHUSETTS UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT (UPMIFA) AS REQUIRING THE PRESERVATION OF THE FAIR VALUE OF THE ORIGINAL GIFT AS OF THE GIFT DATE OF THE DONOR-RESTRICTED ENDOWMENT FUNDS ABSENT EXPLICIT DONOR STIPULATIONS TO THE CONTRARY. AS A RESULT OF THIS INTERPRETATION THE FOUNDATION CLASSIFIES AS PERMANENTLY RESTRICTED NET ASSETS (A) THE ORIGINAL VALUE OF GIFTS DONATED TO THE PERMANENT ENDOWMENT, (B) THE ORIGINAL VALUE OF SUBSEQUENT GIFTS TO PERMANENT ENDOWMENT, (C) ACCUMULATIONS TO THE PERMANENT ENDOWMENT MADE IN ACCORDANCE WITH THE DIRECTION OF THE APPLICABLE DONOR GIFT INSTRUMENT AT THE TIME THE ACCUMULATION IS ADDED TO THE FUND. THE REMAINING PORTION OF THE DONOR-RESTRICTED ENDOWMENT FUNDS THAT IS NOT CLASSIFIED IN PERMANENTLY RESTRICTED NET ASSETS IS CLASSIFIED AS TEMPORARILY RESTRICTED NET ASSETS UNTIL THOSE AMOUNTS ARE APPROPRIATED FOR EXPENDITURE BY THE FOUNDATION IN A MANNER CONSISTENT WITH THE STANDARD OF PRUDENCE PRESCRIBED BY UPMIFA. PART X, LINE 2: THE FOUNDATION IS A NONPROFIT ORGANIZATION EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF INTERNAL REVENUE CODE (IRC) SECTION 501(C)(3) AND STATE INCOME TAXES OF THE MASSACHUSETTS DEPARTMENT OF REVENUE TAXATION CODE AND STATE OF RHODE ISLAND DIVISION OF TAXATION. 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. GALA 1359023 870200 488823 2697 37750 187976 15286 245114 GOLF TOURNAMENTS 553180 372655 180525 5547 70505 51224 2500 50749 4 546436 371745 174691 252 14775 64155 42100 50782 2458639 1614600 844039 8496 123030 303355 59886 346645 841412 2627 26029 2627 1 0.50000 26029 2627 2627 23402 MA RI 1 0 0 0 0.00000 1.00000 TRAVIS O'DELL 133 FEDERAL ST 2ND FLOOR BOSTON MA 02110 0 GEORGE DEVENEY 0 MANAGE EVENT X 0 1 WISHES GRANTED 403 635514 3984653 FMV TRAVEL, M&E, SUPPLIES PART I, LINE 2: MAKE-A-WISH FOUNDATION OF MASSACHUSETTS AND RHODE ISLAND, INC. GRANTS WISHES TO SELECTED BENEFICIARIES THAT MEET THE SPECIFIC CRITERIA FOR THE WISH GRANTING PROGRAM. THE ORGANIZATION GENERALLY REMITS FUNDS DIRECTLY TO THE VENDORS FOR THE WISH EXPENSES, WITH THE EXCEPTION OF TRAVEL STIPENDS (I.E. MEALS, TIPS, GAS, ETC.) FROM A STANDARDIZED BUDGET. ALL WISH EXPENSES ARE REVIEWED AND APPROVED BY THE VP OF MISSION DELIVERY OR CEO. THE SUPPORTING WISH EXPENSE DOCUMENTATION (I.E. INVOICES AND STATEMENTS) IS RETAINED BY THE ORGANIZATION. X X X 0 0 0 0 0 0 0 1 0 SEAN HOLLERAN CHIEF EXECUTIVE OFFICER 248600 0 30000 0 0 0 12500 0 10063 0 301163 0 0 0 GEORGE DEVENEY CHIEF ADVANCEMENT OFFICER 197498 0 10000 0 0 0 9947 0 10848 0 228293 0 0 0 KARA WALKER VP OF MARKETING AND COMMUNICATIONS 149399 0 10000 0 0 0 5128 0 11044 0 175571 0 0 0 AMY CARROLL VP OF MISSION DELIVERY 126588 0 10000 0 0 0 6333 0 9924 0 152845 0 0 0 PART I, LINE 7 BONUSES GIVEN ARE BASED ON COMPENSATION DATA AND RESEARCH, AS WELL AS ON INDIVIDUAL PERFORMANCE; CEO BONUSES ARE AT THE DISCRETION OF THE BOARD; ALL OTHER BONUSES ARE GIVEN WITH AUTHORITY FROM THE BOARD. X GIFTS/ENTERTAINMENT/PARK 253 1205917 FMV X OFFICE FURNITURE 1 116850 FMV X THEME PARK/EVENT TICKETS 79 105876 FMV X OTHER 307 81361 FMV X CONSTRUCTION 49 64604 FMV 0 0 1 1 PART I, COLUMN (B): THE AMOUNT IN COLUMN (B) REFERS TO THE NUMBER OF CONTRIBUTIONS RECEIVED. PART I, LINE 32B: THE ORGANIZATION HIRED AN OUTSIDE AUCTIONEER TO AUCTION OFF ITEMS AT WINE AND WISHES, GALA AND GOLF TOURNAMENT. FORM 990, PART III, LINE 4A THE FOUNDATION GRANTED 403 WISHES TO CHILDREN WITH CRITICAL ILLNESSES THROUGHOUT MASSACHUSETTS AND RHODE ISLAND. THE WISHES FOR THE CURRENT YEAR WERE AS FOLLOWS: - 205 WISHES - DISNEY DESTINATION, - 92 WISHES - TRAVEL (HAWAII, OTHER), - 20 WISHES - CELEBRITY/SPORTING EVENT, - 20 WISHES - SHOPPING SPREE, - 11 WISHES - ROOM REDECORATION, - 7 WISHES - ANIMAL, - 7 WISHES - COMPUTER, - 41 WISHES - OTHER, EDUCATION, ELECTRONICS, PHILANTHROPIC, I WISH TO BE, CONSTRUCTION, MUSICAL INSTRUMENT, PLAYHOUSE, SPA/HOT TUB, MOTORIZED VEHICLE, PARTY, SPORTING EQUIPMENT, SWIMMING POOL, TRAILER/CAMPER. THE TOTAL GOAL OF OUR PROGRAM IS TO BRING HOPE, STRENGTH, AND JOY INTO THE LIVES OF THESE CHILDREN AND THEIR FAMILIES THROUGH THE WISH PROCESS. TOTAL WISH GRANTING EXPENSE FOR THE FISCAL YEAR WAS $5,577,348. OF THIS AMOUNT, $957,181 WAS CONTRIBUTED BY VARIOUS VENDORS WHO PROVIDED IN-KIND CONTRIBUTIONS SUCH AS 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 THAT THE $957,181 OF CONTRIBUTED SERVICES AND USE OF FACILITIES BE EXCLUDED FROM BOTH REVENUE AND EXPENSE. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE SHALL EXIST WITH UP TO SEVEN (7) DIRECTORS, AT LEAST ONE OF WHOM SHALL NOT BE AN OFFICER, TO EXERCISE THE AUTHORITY OF THE BOARD OF DIRECTORS IN THE MANAGEMENT OF THE CORPORATION, PROVIDED, HOWEVER, THAT THE EXECUTIVE COMMITTEE SHALL HAVE NO AUTHORITY TO DISPOSE OF CORPORATE PROPERTY, TO AMEND THESE BY-LAWS, TO ELECT OR REMOVE ANY DIRECTOR, OR TO ELECT OFFICERS, OR TO AUTHORIZE THE EXPENDITURE OF CORPORATE MONIES NOT CONTEMPLATED BY A BUDGET PREVIOUSLY APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS HAS DELEGATED THE REVIEW OF THE FORM 990 TO THE AUDIT COMMITTEE. THE ORGANIZATION'S FINANCE STAFF WORKS CLOSELY WITH THE OUTSIDE ACCOUNTING FIRM IT ENGAGES TO REVIEW THE RETURN, AND THE FINAL DRAFT OF THE FORM 990 IS REVIEWED BY THE CEO BEFORE SUBMITTING TO THE AUDIT COMMITTEE. IN ADDITION TO CONSULTING WITH THE FINANCE STAFF, THE AUDIT COMMITTEE ALSO REVIEWS AND DISCUSSES THE FINAL RETURN WITH THE CEO, FINANCE STAFF, AND OUTSIDE ACCOUNTING FIRM AS PART OF ITS REVIEW OF THE DRAFT RETURN. THE ENTIRE BOARD RECEIVES A COPY OF THE RETURN PRIOR TO FILING. THE CEO ADVISES THE BOARD OF DIRECTORS THAT THE RETURN HAS BEEN REVIEWED AND IS READY TO BE FILED. 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 MANAGER 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 CONFLICT 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 15 THE BOARD EXECUTIVE COMMITTEE CONDUCTS AN EVALUTION OF THE CEO'S PERFORMANCE. IN ADDITION, THE EXECUTIVE COMMITTEE CONDUCTS A SURVEY OF THE COMPENSATION OF EXECUTIVES AT COMPARABLY SIZED NON-PROFITS IN THE AREA AS WELL AS IN THE MAKE-A-WISH NETWORK. THE EXECUTIVE COMMITTEE REVIEWS THE CEO'S PERFORMANCE AND DISCUSSES THE RESULTS OF THE COMPENSATION SURVEYS. THEY SHARE THE PERFORMANCE REVIEW WITH THE BOARD OF DIRECTORS AND PRESENT A RECOMMENDATION TO THE BOARD OF DIRECTORS OF ANY COMPENSATION CHANGES. THE BOARD OF DIRECTORS DISCUSSES THE PERFORMANCE EVALUTION AND VOTES TO APPROVE THE EVALUTION AND COMPENSATION OF THE CHIEF EXECUTIVE OFFICER. THE COMMITTEE'S WRITTEN RECORDS INCLUDE (1) THE TERMS OF THE SALARY INCREASE WITH THE PERSON (INCLUDING THE DATE THE ARRANGEMENT WAS APPROVED), (2) A LIST OF MEMBERS PRESENT DURING THE DISCUSSION ON THE TRANSACTION (AND HOW THE MEMBERS VOTED WHEN IT WAS APPROVED), AND (3) A DESCRIPTION OF THE COMPARABLE DATA RELIED ON BY THE COMMITTEE. KEY DELIBERATIONS OF THE COMMITTEE ARE ALSO DOCUMENTED IN MINUTES WHICH WERE APPROVED. FOR OTHER EMPLOYEES, THE CEO RECOMMENDS THE COMPENSATION POOL AND THE BOARD APPROVES IT DURING THE BUDGET PROCESS BEFORE THE START OF THE FISCAL YEAR. THE CEO USES THIS INFORMATION AS WELL AS INFORMATION ASCERTAINED FROM A SURVEY OF THE COMPENSATION OF KEY EMPLOYEES AT COMPARABLY SIZED NON-PROFIT ORGANIZATIONS TO DETERMINE THE APPROPRIATE RANGE FOR EACH KEY POSITION. DETERMINATION OF ANY COMPENSATION INCREASE IS BASED ON INFORMATION GAINED FROM THE SURVEY, THE PRE-DETERMINED BUDGET, AS WELL AS PERFORMANCE OF THE EMPLOYEE. THESE PROCESSES LAST TOOK PLACE IN 2023. FORM 990, PART VI, SECTION C, LINE 19 AUDITED FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST AND ON THE ORGANIZATION'S WEBSITE. GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICIES ARE ALSO AVAILABLE UPON REQUEST WITH INSPECTION AT AN OFFICE OF THE ORGANIZATION. IN ADDITION, THE ORGANIZATION'S FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC INSPECTION AT THE MASSACHUSETTS ATTORNEY GENERAL'S OFFICE.