2023-07-11T09:15:17-05:00 2022-08-31 410746749 CLIFTONLARSONALLEN LLP 20 EAST THOMAS ROAD SUITE 2300 PHOENIX AZ 85012 990 2021-09-01 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 2023-07-10 1 SEAN HOLLERAN XXX-XX-XXXX MELISSA HANGSLEBEN P02087031 6022662248 2023-07-06 0 AAL1 IAL1 2021 2023-04-26 12:10:37Z SEAN HOLLERAN 133 FEDERAL STREET 2ND FLOOR BOSTON MA 021101703 8555837 0 X MASSRI.WISH.ORG X 1983 MA CREATES LIFE-CHANGING WISHES FOR CHILDREN WITH CRITICAL ILLNESSES. 18 18 33 529 0 0 5841915 7916883 975 3300 0 0 9692 19554 5852582 7939737 1767827 2818569 0 0 2923450 3132006 0 0 999241 1500224 1573246 6191501 7523821 -338919 415916 19449971 17858542 1121892 822019 18328079 17036523 X THE MAKE-A-WISH FOUNDATION OF MASSACHUSETTS AND RHODE ISLAND, INC. CREATES LIFE-CHANGING WISHES FOR CHILDREN WITH CRITICAL ILLNESSES. OUR ORGANIZATION STRIVES TO REACH EACH ELIGIBLE CHILD IN MASSACHUSETTS AND RHODE ISLAND TO DELIVER HIGH QUALITY WISH EXPERIENCES EXCLUSIVELY TO THE DELIGHT OF THE CHILDREN AND THEIR FAMILIES. WE GRANT THESE WISHES THROUGH AN ORGANIZATION THAT CONSISTENTLY FUNCTIONS AT THE HIGHEST LEVEL AND DOES SO WITH UNQUESTIONED INTEGRITY AND ETHICS. WE DEVELOP THE NECESSARY FINANCIAL RESOURCES AND USE THOSE RESEOURCES EFFICIENTLY, AND ENSURE BROAD AWARENESS OF OUR WORK IN OUR COMMUNITY. 0 0 4931428 2818569 3300 SEE SCHEDULE O. 4931428 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 25 1 1 33 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 18 18 0 0 1 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 228002 0 12314 GEORGE DEVENEY CHIEF ADVANCEMENT OFFICER 40.00 X 180867 0 5805 AMY CARROLL VICE PRESIDENT, MISSION DELIVERY 40.00 X 124551 0 14484 JULIE ABEL DIRECTOR, OUTREACH 40.00 X 107463 0 14046 MICHAEL VIEIRA REGIONAL DIRECTOR, RHODE ISLAND 40.00 X 100220 0 8633 ALFRED ROSE CHAIR 2.00 X X 0 0 0 TIMOTHY GRADY VICE CHAIR 2.00 X X 0 0 0 LINDA DORCENA FORRY DIRECTOR 2.00 X 0 0 0 AMANDA EISEL DIRECTOR 2.00 X 0 0 0 PHILIP T GLYNN MD DIRECTOR 2.00 X 0 0 0 RICH GOTHAM 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 ELAINE KEENE DIRECTOR 2.00 X 0 0 0 ROBERT LEWIS JR DIRECTOR 2.00 X 0 0 0 WILLIAM LOEHNING DIRECTOR 2.00 X 0 0 0 SIOBHAN MEE DIRECTOR 2.00 X 0 0 0 JOSEPH PERRONI DIRECTOR 2.00 X 0 0 0 BRUCE PLATZMAN DIRECTOR 2.00 X 0 0 0 SALVATORE VISCOMI MD DIRECTOR 2.00 X 0 0 0 JOHN WALSH DIRECTOR 2.00 X 0 0 0 AMY WARYAS DIRECTOR 2.00 X 0 0 0 CHERYL WILKINSON DIRECTOR 2.00 X 0 0 0 741103 0 55282 5 0 1 0 0 1276170 499300 6141413 1136965 7916883 WISH ASSIST FEES 900099 3300 3300 3300 616100 1276170 616100 0 OTHER INCOME 900099 19554 19554 19554 7939737 3300 0 19554 2818569 2818569 295868 65091 204149 26628 2328709 1076217 776929 475563 87271 40705 28568 17998 209690 93461 75033 41196 210468 91885 78141 40442 4000 4000 40824 40824 34769 6282 28487 20797 9013 3446 8338 101433 30779 24565 46089 477905 200589 162518 114798 6159 268 5030 861 129776 2853 18593 108330 494769 366129 69268 59372 101017 42427 34346 24244 MISCELLANEOUS 135476 76725 31292 27459 REPAIRS AND MAINTENANCE 26321 10435 7963 7923 7523821 4931428 1593152 999241 2657719 2833386 748315 626490 8049 5562 29225 4255 265304 133040 1056685 431496 563147 625189 15095146 13527939 83066 102681 19449971 17858542 343049 471046 499300 279543 350973 1121892 822019 X 17188631 16075726 1139448 960797 18328079 17036523 19449971 17858542 415916 -1707472 0 X X 0 1 X 1 0 X 7348742 8107540 5757870 5841915 7916883 34972950 7348742 8107540 5757870 5841915 7916883 34972950 195042 34777908 362258 385248 240218 0 0 987724 512309 576083 132476 333579 635653 2190100 38150774 37475 0.91160 0.90840 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: GROSS FUNDRAISING REVENUE - 2017 AMOUNT: $ 507,123. 2018 AMOUNT: $ 562,166. 2019 AMOUNT: $ 127,773. 2020 AMOUNT: $ 323,887. 2021 AMOUNT: $ 616,100. OTHER REVENUE - 2017 AMOUNT: $ 5,186. 2018 AMOUNT: $ 13,917. 2019 AMOUNT: $ 4,703. 2020 AMOUNT: $ 9,692. 2021 AMOUNT: $ 19,553. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11217298 572648 -1707472 1100363 40824 8941287 9255484 258175 2608724 864271 40814 11217298 8308651 615451 1459620 1087516 40722 9255484 8428508 714126 167852 958084 43751 8308651 7742134 701161 964622 963127 16282 8428508 0.86000 0.01000 0.13000 1 0 10350 3793 6557 114091 74666 39425 932244 353037 579207 625189 FIAM TOTAL ENDOWMENTS FUND LP 13527939 C 13527939 DUE TO OTHER CHAPTERS 70512 DEFERRED RENT 154066 OTHER LIABILITIES 123000 DUE TO NATIONAL 3395 350973 X 6760401 -1707472 568960 -1138512 7898913 40824 40824 7939737 8051957 568960 568960 7482997 40824 40824 7523821 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, 2022 AND 2021. THE FOUNDATION FILES INCOME TAX RETURNS IN THE U.S. FEDERAL JURISDICTION, AND APPLICABLE STATE JURISDICTIONS. GALA 838938 590474 248464 151390 79096 17978 GOLF TOURNAMENTS 470675 313146 157529 2970 66330 54122 2000 32107 3 582657 372550 210107 4750 133306 60955 11096 1892270 1276170 616100 2970 71080 338818 142051 61181 616100 0 1 WISHES GRANTED 311 352402 2466167 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 WISH DIRECTOR, VP OF MISSIONS 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 228002 0 0 0 0 0 3610 0 8704 0 240316 0 0 0 GEORGE DEVENEY CHIEF ADVANCEMENT OFFICER 170867 0 10000 0 0 0 588 0 5217 0 186672 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 130597 FMV X GIFTS/ENTERTAINMENT/PARK 143 846817 FMV X THEME PARK TICKETS 130 53363 FMV X OTHER 152 42047 FMV X TRAILER/CAMPER 8 31403 FMV X POOL/SPA 7 19699 FMV X ANIMAL 8 13039 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 EVENING OF WISHES, GALA AND GOLF TOURNAMENT. FORM 990, PART III, LINE 4A THE FOUNDATION GRANTED 311 WISHES TO CHILDREN WITH CRITICAL ILLNESSES THROUGHOUT MASSACHUSETTS AND RHODE ISLAND. THE WISHES FOR THE CURRENT YEAR WERE AS FOLLOWS: 76 WISHES - DISNEY WORLD/DISNEYLAND, 62 WISHES - TRAVEL (HAWAII, OTHER), 48 WISHES SHOPPING SPREE (LOCAL/TRAVEL), 14 WISHES ANIMAL, 14 WISHES COMPUTER, 13 WISHES ROOM REDECORATION, 12 WISHES SWIMMING POOL, 11 WISHES CELEBRITY (LOCAL/TRAVEL), 61 WISHES CONSTRUCTION, EDUCATION, ELECTRONICS, I WISH TO BE, MEDICAL BED/CHAIR/WHEELCHAIR, MOTOR VEHICLE CUSTOMIZATION, MUSICAL INSTRUMENT/MUSIC RELATED, OTHER, PLAYHOUSE/PLAYSET, SPA/HOT TUB, SPORTS/CAMPING EQUIPMENT, 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 $3,307,846. OF THIS AMOUNT, $489,277 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 $489,277 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 A, LINE 4 THE ORGANIZATION'S BYLAWS WERE AMENDED TO ALLOW FOR THE BOARD CHAIR TO SERVE MORE THAN SIX (6) YEARS ON THE BOARD OF DIRECTORS, DURING ANY SEVEN (7) YEAR PERIOD. 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 2022. 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. FORM 990, PART XII, LINE 2C: THE ORGANIZATION DID NOT CHANGE ITS OVERSIGHT OR SELECTION PROCESS DURING THE TAX YEAR. FIAM TOTAL ENDOWMENT FUND LP 900 SALEM STREET SMITHFIELD RI 02917 822378145 INVESTMENTS RI N/A EXCLUDED 2445872 12738239 0 0 0.65880 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0