2024-04-12T18:50:51-05:00 2023-08-31 410746749 CLIFTONLARSONALLEN LLP 20 EAST THOMAS ROAD SUITE 2300 PHOENIX AZ 85012 990 2022-09-01 660529880 MAKE-A-WISH FOUNDATION OF PUERTO RICO MAKE 7872819474 PO BOX 193348 SAN JUAN PR RQ 00919-3348 BOHEMARIE BARNES CEO 7872819474 2024-04-05 1 BOHEMARIE BARNES XXX-XX-XXXX 0 MELISSA HANGSLEBEN P02087031 6022662248 2024-04-05 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z BOHEMARIE BARNES PO BOX 193348 SAN JUAN PR RQ 00919-3348 1689712 0 X PUERTORICO.WISH.ORG X 1990 RQ TOGETHER, WE CREATE LIFE-CHANGING WISHES FOR CHILDREN WITH CRITICAL ILLNESSES. 14 14 5 19 0 0 1793561 1530103 6300 6200 468 41 -27325 -10200 1773004 1526144 502120 590367 0 0 247922 231377 0 0 174357 346243 344288 1096285 1166032 676719 360112 1724704 1732543 131980 63744 1592724 1668799 X THE MAKE-A-WISH FOUNDATION OF PUERTO RICO CREATES LIFE-CHANGING WISHES FOR CHILDREN WITH CRITICAL ILLNESSES. 0 0 778315 590367 6200 SEE SCHEDULE O. 778315 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 1 5 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 PR X BOHEMARIE BARNES 7872819474 URB EL VEDADO 416 AGUEYBANA SAN JUAN RQ 00919 BOHEMARIE BARNES CEO 40.00 X 72000 0 14033 ALFREDO BAEZ MALDONADO PRESIDENT 5.00 X X 0 0 0 LAURA Y FEMENIAS JOVE VICE PRESIDENT 2.00 X X 0 0 0 WESTON L MARTI WEST VICE PRESIDENT (THRU 10/19/22) 2.00 X X 0 0 0 JAIME A TORO LAVERGNE TREASURER 3.00 X X 0 0 0 JIM TAUBENFELD ROSENBURG SECRETARY 2.00 X X 0 0 0 ALFREDO J ALONSO MENDEZ DIRECTOR 1.00 X 0 0 0 BRYAN SHAMES KOPEL DIRECTOR 1.00 X 0 0 0 ENRIQUE CARRION VARGAS DIRECTOR 1.00 X 0 0 0 JOSE J VELEZ MILLET DIRECTOR 1.00 X 0 0 0 KARLA M FRAGUADA MCCOY DIRECTOR 1.00 X 0 0 0 MARIA V TRENTO BIASSONI DIRECTOR 1.00 X 0 0 0 MARIE F LOPEZ SOTO DIRECTOR 1.00 X 0 0 0 RICARDO A SALDARRIAGA RUIZ DIRECTOR 1.00 X 0 0 0 EDRICK J TOUMA TAVERAS DIRECTOR 1.00 X 0 0 0 MIGUEL E OTERO SOBRINO DIRECTOR 1.00 X 0 0 0 CARLOS E MENDEZ SERRANO DIRECTOR (THRU 1/13/23) 1.00 X 0 0 0 72000 0 14033 0 0 0 0 0 389849 1140254 241830 1530103 WISH ASSIST FEE 900099 6200 6200 6200 41 41 153368 389849 163568 -10200 -10200 1526144 6200 0 -10159 590367 590367 86033 30195 32982 22856 106277 37127 40886 28264 23065 8267 8901 5897 16002 5619 5932 4451 55728 54987 741 1885 171 1714 58315 17535 16228 24552 5681 561 4852 268 13850 4851 5383 3616 12167 14 11400 753 64250 8758 55492 243 85 95 63 12403 4341 4837 3225 569 569 CHAPTER DUES 113117 79182 15836 18099 MERCHANT FEES 5780 5780 BAD DEBT EXPENSE 300 300 1166032 778315 213360 174357 222652 294782 763015 898850 194495 92362 62683 58233 42195 11150 327472 38325 301023 289147 81819 0 56822 88019 1724704 1732543 101347 58729 30633 5015 131980 63744 X 1398229 1628037 194495 40762 1592724 1668799 1724704 1732543 360112 -284037 0 X 0 1 X 1 0 X 1277186 976872 1041901 1793561 1530103 6619623 1277186 976872 1041901 1793561 1530103 6619623 99106 6520517 618 622 621 468 41 2370 134482 45784 42933 119045 153368 495612 7117605 16789 0.91610 0.92330 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: GROSS FUNDRAISING REVENUE - 2018 AMOUNT: $ 134,482. 2019 AMOUNT: $ 45,784. 2020 AMOUNT: $ 42,933. 2021 AMOUNT: $ 119,045. 2022 AMOUNT: $ 153,368. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 297636 10190 287446 29836 28135 1701 289147 DUE FROM NATIONAL 16527 DUE FROM OTHER CHAPTERS 66942 SECURITY DEPOSITS 4550 88019 DUE TO NATIONAL 4487 LEASE LIABILITY-FINANCING 528 5015 X 2281204 744860 744860 1536344 -10200 -10200 1526144 2205129 1028897 10200 1039097 1166032 0 1166032 PART X, LINE 2: THE FOUNDATION IS A NONPROFIT ORGANIZATION EXEMPT FROM FEDERAL INCOME AND PUERTO RICO TAXES UNDER THE PROVISIONS OF INTERNAL REVENUE CODE SECTION 501(C)(3) AND SECTION 1104(4) OF THE PUERTO RICO INTERNAL REVENUE CODE. 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. PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES MOVED FROM THE FUNCTIONAL EXPENSE STATEMENT TO THE STATEMENT OF REVENUE -10,200. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES MOVED FROM THE FUNCTIONAL EXPENSE STATEMENT TO THE STATEMENT OF REVENUE 10,200. MAGIC NIGHT 291356 187957 103399 16615 15272 7778 71440 WHEELER DEALER GOLF TOURNAMENT 115834 76112 39722 2700 21738 10867 4042 0 1010 6 136027 125780 10247 4147 6100 1859 543217 389849 153368 2700 21738 27482 23461 13878 74309 163568 -10200 1 WISHES GRANTED 71 54795 535572 FMV TRAVEL, M&E AND SUPPLIES PART I, LINE 2: FOR EACH CHILD WHO MEET ELIGIBILITY CRITERIA, A FILE IS ESTABLISHED IN ACCORDANCE WITH MAKE-A-WISH FOUNDATION PROCEDURES. THE CHILD IS INTERVIEWED BY THE WISH GRANTING STAFF TO UNDERSTAND THE CHILD'S WISH REQUEST. A WISH BUDGET IS CREATED BY WISH STAFF AND APPROVED BY WISH MANAGEMENT. WISH EXPENSES ARE GENERATED BY WISH FULFILLMENT STAFF AND REVIEWED AND APPROVED BY WISH MANAGEMENT TO ENSURE THAT COSTS ALIGN WITH THE WISH BUDGET. ONCE THE WISH HAS BEEN GRANTED AND ALL EXPENSES PAID, THE WISH FILE IS CLOSED. X WISH RELATED 81 184765 FAIR VALUE X SPECIAL EVENTS 26 56970 FAIR VALUE X OTHER 2 95 FAIR VALUE 0 0 1 0 PART I, COLUMN (B): THE AMOUNT IN COLUMN (B) REFERS TO THE NUMBER OF CONTRIBUTIONS RECEIVED. FORM 990, PART III, LINE 4A, 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 PUERTO RICO GRANTED 71 LIFE CHANGING WISHES IN THE FISCAL YEAR ENDING AUGUST 31, 2023. THE TOTAL COST OF WISHES GRANTED FOR THE FISCAL YEAR WAS $965,529. OF THIS AMOUNT, $187,158 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. IN DECEMBER 2019, AN OUTBREAK OF A NOVEL STRAIN OF CORONAVIRUS (COVID-19) BEGAN. ON MARCH 10, 2020, IN CONJUNCTION WITH THE MAKE-A-WISH AMERICA NATIONAL MEDICAL ADVISORY COUNCIL (NMAC), MAKE-A-WISH AMERICA ISSUED INSTRUCTIONS TO PAUSE TRAVEL AND LARGE GATHERING WISHES UNTIL DEEMED MEDICALLY SAFE FOR OUR VULNERABLE POPULATION AND THEIR FAMILIES. ON MARCH 11, 2020, THE WORLD HEALTH ORGANIZATION CHARACTERIZED COVID-19 AS A PANDEMIC. AS OF SEPTEMBER 15, 2021, IN CONSULTATION WITH THE NMAC, THE PAUSE ON DOMESTIC TRAVEL TO LARGE GATHERINGS WAS LIFTED, IF TRAVEL OCCURRED BY AUTOMOBILE. THE PAUSE ON AIRLINE TRAVEL WAS LIFTED DECEMBER 1, 2021 WITH A GRADUATED APPROACH WITH FULL DOMESTIC TRAVEL RESUMING JUNE OF 2022. INTERNATIONAL AND CRUISE WISH TRAVEL IS STILL PAUSED AS OF AUGUST 31, 2023. PRIOR TO FISCAL YEAR 2020, TRAVEL WISHES HAVE BEEN APPROXIMATELY 54% OF WISHES GRANTED AND THE NUMBER OF GRANTED WISHES AVERAGED APPROXIMATELY 120. THE NUMBER OF WISHES GRANTED DURING THE YEARS ENDED AUGUST 31, 2023 AND 2022 WAS 71 AND 94, RESPECTIVELY. THE FOUNDATION CONTINUES TO EVALUATE ALL EXPENSES AND FUNDRAISING EFFORTS IN LIGHT OF THE IMPACT OF COVID-19. FORM 990, PART VI, SECTION A, LINE 1A THERE SHALL BE AN EXECUTIVE COMMITTEE CONSISTING OF THE OFFICERS OF THE ORGANIZATION AND SUCH OTHER DIRECTORS AS THE BOARD DETERMINES BY RESOLUTION. BETWEEN MEETINGS OF THE BOARD, THE EXECUTIVE COMMITTEE SHALL HAVE THE AUTHORITY OF THE BOARD TO MANAGE THE AFFAIRS OF THE ORGANIZATION, EXCEPT TO THE EXTENT PROHIBITED BY THE ARTICLES, BYLAWS, OR APPLICABLE LAW OR WHERE SUCH POWER IS LIMITED BY RESOLUTION OF THE BOARD. THE DESIGNATION OF THE EXECUTIVE COMMITTEE AND THE DELEGATION OF AUTHORITY THERETO SHALL NOT OPERATE TO RELIEVE THE BOARD OF ANY RESPONSIBILITY IMPOSED UPON IT BY LAW. AS SUCH, THE EXECUTIVE COMMITTEE SHALL KEEP THE BOARD FULLY INFORMED BOTH OF ITS ACTIVITIES AND OF THE AFFAIRS OF THE ORGANIZATION, AND ALL ACTIONS BY THE EXECUTIVE COMMITTEE SHALL BE REPORTED TO THE BOARD NOT LATER THAN AT THE NEXT MEETING OF THE BOARD FOLLOWING SUCH ACTION. WHENEVER REASONABLY POSSIBLE, THE MOST SIGNIFICANT OR MATERIAL MATTERS SHALL BE BROUGHT BEFORE THE BOARD FOR ACTION AT THE NEXT REGULAR MEETING OF THE BOARD OR IN A MANNER OTHERWISE CONSISTENT WITH THESE BYLAWS. THE EXECUTIVE COMMITTEE SHALL HAVE SUCH ADDITIONAL POWERS AS MAY BE DELEGATED TO IT BY THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION WORKS WITH AN INDEPENDENT PUBLIC ACCOUNTING FIRM ENGAGED TO PREPARE THE RETURN. THE DRAFT RETURN PREPARED BY THE ACCOUNTING FIRM WILL BE REVIEWED BY THE FOUNDATION'S CEO. A COMPLETE COPY OF THE FINAL RETURN WILL BE PROVIDED TO ALL VOTING MEMBERS OF THE GOVERNING BOARD FOR THEIR APPROVAL PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. 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 AND THOSE THAT ARE FROM VOLUNTEERS IS REVIEWED BY THE VOLUNTEER COORDINATOR, THOSE THAT ARE FROM THE STAFF AND THE BOARD MEMBERS BY THE CEO. REVIEW OF THE STATEMENTS IS MONITORED BY THE CEO. THE PROCEDURES FOR ADDRESSING ANY CONFLICTS OF INTEREST, OF WHICH THE CEO BECOMES AWARE INCLUDE BUT ARE NOT LIMITED TO THE FOLLOWING (1) DETERMINING THE NATURE OF THE CONFLICT VIA VERBAL OR WRITTEN COMMUNICATION WITH THE PERSON OF INTEREST, (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 FOR 2022 COMPENSATION, THE CEO'S COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS, WHICH CONSISTS 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 BOARD'S DISCUSSIONS AND DECISIONS ARE CONTEMPORANEOUSLY DOCUMENTED. DOCUMENTATION INCLUDED THE TERMS OF THE TRANSACTION AND DATE IT WAS APPROVED, THE MEMBERS DURING THE DELIBERATIONS, AND THOSE WHO VOTED ON IT, ALSO THE COMPARABILITY DATA RELIED UPON AND HOW IT WAS OBTAINED. THE COMPENSATION FOR STAFF OTHER THAN THE CEO, IN CONSULTATION WITH THE EMPLOYEE'S IMMEDIATE SUPERVISOR, ARE WITHIN LIMITS SET BY THE BOARD-APPROVED BUDGET. ALL INCREASES ARE BASED ON METRICS FROM PERFORMANCE REVIEWS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.