NFP Report
Kendrick18
NFPPPTFP.pptxNot-For-Profit Foundation
Organization Overview
Established April, 29th 1980
Non-profit Organization.
Founded in United States
Helps fulfil wished of Children
Children may have critical illness
Aged between 1 to 18
Headquarter is in Phoenix.
Introduction
Make a Wish has also intercepted millions of dollars in child support payments and reunited more than $500 million in unclaimed property.
“For children diagnosed with critical illnesses, a wish come true can be a crucial turning point in their lives”(About, 2011)
Independent auditor report
Independent Auditors report on Consolidated Financial Statements
Responsible for preparations and fair presentation and ensure GAAP regulations are followed.
Maintenance of internal control
The opinion of the auditor on the financial statements was that the statements were free from material misstatements, and were prepared and consistent with the principles of accounting.
They also presented a true perspective of the State’s performance and position for the fiscal year 2015. (Peter Franchot, 2016).
Required Financial Statements for Not-For-Profit
Consolidated Financial Statements
Consolidated Statements of Financial Position
Consolidated Statement of Activities
Consolidated Statement of Cash flows
Consolidated Statements of Functional Express
Notes To The Consolidated Financial Statements
Schedule of the form 990
Audit Performed by Clifton LasrsonAllen LLP
Prepared by Christine Kawecki
The form 990 has a schedule ‘A’ that identifies the reason for public charity status.
The organization is not a private foundation because it is an organization that normally receives a substantial part of its support from a governmental unit or from the general public described. The organization received a public support percentage of 84.87% or $285,533,550 for 2016.
Temporarily and permanently restricted net assets.
Public support contributions for both and investment income in temporary only.
The restricted contributions are for long-term and donor imposed restrictions.
Notes to the Financial Statements
For Government Funds, Federal Revenue accounted for the largest source of revenue at $ 12,378,980, 000.
For Government Funds, Health and Mental Hygiene accounted for the largest expenditure at $ 14, 295,022,000.
Resources used
Fundraising expenses = $19,651,291
Total Expenses = $114,453,135According to Form 990:
Program Service Expense = $69,759,835
Total Expenses = $90,257,488
Program Expense Ratio = 77%
The numbers might differ because of the different location and expense.
Ratio = 17%
According to Form 990:
Fundraising expenses = $10,888,441
Total Expenses = $90,257,488
Ratio = 12%
Overall Statistical Data
Overall the Make-a-Wish foundation is in a solid financial condition. The organization has liabilities of $9,703,767 only 19% of total assets of $51,732,680. While the entity receives most of its funding .
References
Make a wish. (2020). Financial Statements
https://wish.org/sites/default/files/2019-06/IRS990_PublicDisclosure_FY17_r1.pdf
Make a wish. (2018). Auditing Financials
https://wish.org/sites/default/files/2019-06/MAW_CombinedFinancialStatements_FY17.pdf
About, A. (2011). Make-A-Wish® America: About Us. Make-A-Wish® America. https://wish.org/about-us
