FY 2009 - kintera.org56360A76-961F-4F75-858A-280CED494E7E}/MA… · 4.2% 17.3% 46.2% 19.2% 16.6%...
Transcript of FY 2009 - kintera.org56360A76-961F-4F75-858A-280CED494E7E}/MA… · 4.2% 17.3% 46.2% 19.2% 16.6%...
Greater Bay Area Make-A-Wish Foundat ion®
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DEAR FRIENDS OF GREATER BAY AREA MAKE-A-WISH FOUNDATION
We are pleased to present you with our Annual Report, complete with updated financials
for the fiscal year ending August 31, 2009. This year we completed 336 magical
wishes. We also hosted 34 children who came to the Bay Area from other parts of the
world to have their wishes fulfilled. In all, we helped fulfill 370 wishes this year!
It was a difficult economic year, and while we operated in a deficit, we were thankful
to have a modest reserve fund that allowed us to fulfill every wish. We looked closely
at the budget, focusing on revenue, which had greatest return on investment, and cutting
expenses. The staff was able to identify significant savings in all areas of operation.
With regard to wishes, we limited the length of wishes, cut our limo budget and put a
moratorium on “high season” travel. While this was difficult to do, we firmly believe that
this did not affect the quality of the wishes that were granted. To sum up a challenging
year – we granted 16% more wishes, with only 9% more expenses. Plus, in the worst
fundraising environment in decades, contributions were up by 3%!
A few wish highlights:
• Thanks to our network of supporters we were able to grant James’ wish to meet Barack
Obama during his presidential campaign.
• Our friends in the restaurant industry created an extensive French cooking experience
for Tien whose illness wouldn’t allow him to travel to Paris for his wish.
• Wish child, Collette, was treated like a member of the staff during her wish to meet Jim
Lehrer of the NewsHour.
Among our other successes:
• Based on the success of our Young Professional Advisory Council (YPAC) and the
growing number of school-aged children who have been raising money for wishes, we
initiated YPAC Jr., for kids aged 12–18.
• We launched the first co-branded S.H.A.R.E.S. card with partners Lucky and Save Mart
Supermarkets.
336wishes granted in 2009
Greater Bay Area Make-A-Wish Foundat ion®
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• In association with the San Francisco Police Department, we hosted our first
SFPD Challenge.
• We asked school children to collect small change for wishes which turned into our
first Pocketful of Wishes campaign.
These achievements are a testimony to you, our donors, who continue to support us
and work with us to assure that every wish we grant exceeds the expectations of each
wish child. We thank you for giving your funding, your time, your contacts, and your
passion for the important work we do.
Sincerely,
Dawn Bellardinelli, MD
Chair, Board of Directors
Patricia Wilson
Executive Director
COMPLETED WISHES TO DATE
REVENUE SOURCESEXPENSES BY FUNCTION
199
8
199
9
20
00
20
01
20
02
20
03
20
04
20
05
20
06
20
07
20
08
20
09
PROGRAM
ADMINISTRATION
FUND RAISING
INDIVIDUAL GIFTS
INKIND
GRANTS
INVESTMENT INCOME
SPECIAL EVENTS
CORPORATE SPONSORS, CONTRIBUTORS,
MATChING GIFTS
289
216
264
308 316336
224
264268
304292
309
78.5%
4.2%
17.3%
46.2%
19.2%
16.6%
32.4%
2.88%
-17.2%
Greater Bay Area Make-A-Wish Foundat ion®
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Greater Bay Area Make-A-Wish Foundat ion®
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DONORS SEPTEMBER 2007 – AUGUST 2008
$50,000+
BLACK BEAR DINERS, INC.
ANNE EVENSEN
MACy’S
$25,000-$49,999
CNA
ThE DOUGhERTy FAMILy FOUNDATION
ThE ERAINE NEUMANN LIVING TRUST
FLUOR ENTERPRISES, INC.
ESTATE OF LANA ASENSIO
LOCAL INDEPENDENT ChARITIES OF AMERICA
LOUIS R. LURIE FOUNDATION
KAThy MCNAMARA AND PETE SARENANA
MONTEREy PENINSULA FOUNDATION
RICK AND ROBIN RICE
RREEF PROPERTy MANAGEMENT hOLIDAy CAMPAIGN
LyNSEy SALyER
SERENDIPITy FUND
BETh AND MEL ShULTz
SONOMA-CUTRER VINEyARDS
WEIL, GOTShAL & MANGES LLP
yAhOO! EMPLOyEE FOUNDATION
$10,000-$24,999
ChRISTOPhER AND TUNDE ANGELO
DEBORAh BAILEy
STONESFAIR FINANCIAL CORPORATION
MARIE-JOSE AND KENT BAUM
DR. DAWN AND MR. PETER BELARDINELL I
EDMOND BENECh
BRUCE AND KELLy BL IGh
LUKE BRIGhT
ThE CALLINAN FAMILy
ChARLES SChWAB MATChING GIFTS PROGRAM
CLUB CUTRER
DIANA AND BRENT COhN
ROBERT K. AND PATRICIA A. DAhL FOUNDATION
DE LA MONTANyA WINERy & VINEyARDS JOURNEy WINE PROMOTION
DEUTSChE BANK
DOLCE LLC
EINSTEIN NOAh RESTAURANT
JAy AND DON EMMONS
ROBIN AND BASILE ENAN
JANN AND GRAhAM FREEMAN
GAP FOUNDATION
GATX CORPORATION
GhIRARDELL I ChOCOLATE COMPANy
LUCIA AND SCOTT GILBERTSON
GIVINGEXPRESS ONLINE FROM AMERICAN EXPRESS
RUSS GUREVITCh AND TERRy VAN hORN
JAN DONINELL I AND DON hEIDARy
JIM, LAURA, ALANNA AND KyLE hULBURD
ANN AND JOhN IANNUCCILLO
LEXUS MONTEREy PENINSULA
DAIDRI AND PhIL LODUCA
ThE J.M. LONG FOUNDATION
ThE MELLAM FAMILy FOUNDATION
MIDAS
DAVID MILLSTEIN AND CAROLE CARLUCCIO
MONSTER.COM
STACEy MONTOyA
VALENTIA PICCININI
JUDI REES
STELLA MAy ROOKAIRD ESTATE
KIM SWIG
SyBASE, INC.
AMy AND JOhN UNDERWOOD
UNITEDhEALThCARE/UNITED hEALTh GROUP
EUGENE hU AND JANELLE VAN RENSSELAER
WELLS FARGO BANK
WELLS FARGO FOUNDATION
NADINE AND TOM WINN
NANCy AND ThOMAS zINNA
$5,000-$9,999
AAA
AEThON
ARCO WISh STAR PROGRAM
AUTODESK
B&E KOhN 1992 ChARITABLE REMAINDER UNITRUST
VELMA AND TED BALESTRERI
BANK OF AMERICA/ UNITED WAy
JAMIE ROESLER-BARRETT AND BRUCE BARRETT
DAVID AND MIChELE BENJAMIN
BETTy CROCKER STIRRING UP WIShES
BRIA MEDIA, INC.
JOhN BUXTON
LIz AND JONAThAN CAIN
ThE CAPITAL GROUP COMPANIES
LINDA CODy
BUTCh COGGINS
DOBBINS FAMILy FOUNDATION
GREG ENDOM AND VICKIE DESOFI
KEN FISChANG
FRITO-LAy
DONORS CONT INUED
JENNIFER KEIR-GARzA AND RIChARD GARzA
GENERAL MOTORS UAW-GM
GOLDMAN SAChS MATChING GIFT PROGRAM
GREENWASTE RECOVERy, INC.
J ILL AND BLAKE GROSSMAN
ThE BLANNy A. hAGENAh FAMILy FUND
WILL IAM G. hARRIS
hOLME ROBERTS & OWEN LLP
J COSLET & J ROSNER COMMUNITy PROPERTy TRUST
LISA AND STEVE JOhN
hARRy AND AUDREy KATz ChARITABLE FOUNDATION
RENEE AND BOB KELLy
ROGER KIRWAN
LEARNING CARE GROUP, INC.
CONNIE AND BOB LURIE
L INDA AND FRANK MAyER
KEhAULANI AND TIM MCGREGOR
PATRICIA MCNAMARA
DIANE MONTGOMERy
NARROW GATE hOLDINGS, INC.
TINA AND RON NELSON
OTIS SPUNKMEyER, INC.
ANDREA AND DAVID PERATA
MARy AND BILL POLAND
PROGRESSIVE SOLUTIONS, INC.
REy-VADEN FAMILy FOUNDATION
RS INVESTMENT MANAGEMENT CO. LLC
RUDOLPh AND SLETTEN
SALINAS VALLEy MEMORIAL hOSPITAL
SAN FRANCISCO POLICE OFFICERS ASSOCIATION
SAVE MART SUPERMARKETS
SEILER, LLP
BRIAN ShALLy
SUSAN ShERRERD
BOB AND MIChAEL SIMPSON
ELLEN AND JESSE SPREChER
LISA AND RON STURzENEGGER
MR. BONG SUh AND DR. DIANA COUPARD
SPENSER TANG-SMITh
UAW-GM
JACKIE AND NICKO VAN SOMEREN
LISA, MIChAEL, SAM AND NATE VOGEL
NORMA AND RANSON WEBSTER
SUSAN hUNT AND ROBERT WESTERLUND
WESTFIELD SAN FRANCISCO CENTRE
ROBIN WILL IAMS
PATRICIA AND ALLAN WILSON
$1,000-$4,999
1515 RESTAURANT & LOUNGE
JERyL AND RONALD ABELMANN
ABLE ENGINEERING SERVICES
CAREy SAKAI AND TERRy ADAMS
zABRINA AND CRAIG ADAS
AEL FOUNDATION
NANCy L. ALBERTINI
ALLERGAN (MAWFA)
JOSh AMAROSO
ERIC ANDERS
TONyA AND RICK ANTLE
PAULA AND DAN ARChER
MR. AND MRS. DAVID ARMANASCO
RENEE ARST
AT&T EMPLOyEE GIVING CAMPAIGN
JULIE AND TOM ATWOOD
CAROL AND DENNy BADE
JOhN MIChAEL BADGIS
KAREN AND JON BALLACK
JUSTIN BALLOTTA
BANK OF AMERICA MATChING GIFTS PROGRAM
ThE BARNSTON-KOUTSAFTIS FAMILy FOUNDATION
BARR FAMILy FOUNDATION
MR. AND MRS. DAVID BAShAM, JR.
BRUCE BAUER
RANDy AND BETSy BAUM
BAy AREA PETROLEUM ASSOCIATION
BCCI CONSTRUCTION COMPANy
BARBARA AND WARREN BEAN
JIM BECK
KAREN AND JOhN BEEKLEy
MARIANNE AND PAUL BENSI
SUSAN AND BILL BENTON
FRANK BERDAN
AIMEE BERGER
KIM AND ALBERT BERGER
MO AND MIKE BERNAL
GILL IAN BIGGS
ANGELA AND ANThONy BIL ICh
MEhMET AND MARGO BINAy
DORIS BLODGETT
CLAIRE AND JARED BOBROW
RANI AND VENKATEShWAR BOMMAKANTI
MAUREEN AND DONALD BOURNE
JOAN AND LOUIS BRADDI
MARIN BRIGhT
KAThERINE AND hENRy BRINCK
GREG BROD
R & L BROSAMER INC.
BARBARA BROWN
Greater Bay Area Make-A-Wish Foundat ion®
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Greater Bay Area Make-A-Wish Foundat ion®
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DONORS CONT INUED
JULIE AND JOhN BROWN
TOMS AND hENRy BROWN
KATE AND J IM BUCKLEy
SEAN BUFORD
JOhN BURKE
ALFRED CADy
JOANNE CALABRESE
MR. AND MRS. EDWARD M. CALLAGhAN
FRANCIS CAMPANA
CANNERy ROW COMPANy
SCOTT CANNON
CARMEL ACADEMy OF PERFORMING ARTS
MARy AND MIChAEL CARP
MARy ANN CARRIGG
MARy AND ChRISTOPhER CARVER
JACK AND SyBIL CASE
CENTER FOR VOLUNTEER AND NONPROFIT LEADERShIP
FRANK, DIANE AND ALEX ChAMBERS
PATTy ChAN
SUSAN ChARKIN SELBST AND STEVE SELBST
hUIJU CARRIE ChEN
KIM AND STEVEN ChERENSKy
ChEVRON hUMANKIND MATChING GIFT PROGRAM
PANKAJ ChOWDhRy
MARILEEN AND STEVE CIBULL
ThE CICCONE FAMILy, ANThONy & TRACEy
MR. MIChAEL F. CITTA
FAITh CLARKE
CLASSIC PARTy RENTALS, INC
BETTy COChRAN
ARMAND COhEN
BRUCE COhN
JOhN, ChERIE AND SKyLAR COLE
PEGGy AND TIM COLE
COLLEGE WORKS (MAWFA)
COLLINS ELEMENTARy SChOOL
GARy COMMICK
COMPWEST
LAVERNE AND SANDy COOK
MARIE COOK & FAMILy
CORPORATE EXECUTIVE BOARD FUND
CORROON FOUNDATION
DONNA AND GARy COSTA
JOANNE AND RIChARD COSTA
KAThARINE AND MARK CRAWFORD
CREATIVE MEMORIES (MAWFA)
SARA AND WILL IAM CUMBELICh
JEAN CURRAN AND JEFFREy SOSNAUD
MARLENE DADARIO
MIChAEL DADARIO
CARMERON AND ANThONy DAVI
JERRy AND KAThy DAVIDSON
hERMELINDA DE LA TORRE
ChRISTINA DECKER
ThOMAS DEIST
KyN DELL INGER
SARAh DELUNA
ChRISTINA AND JAMES DESJARDINS
DEUTSChE BANK AMERICAS FOUNDATION
KEVIN L. DEVRIES
DODGE & COX
BRIAN DONOVAN
ANN AND DAN DOyLE
ThE DUN & BRADSTREET MATChING GIFTS PROGRAM
LESLIE AND JEFF DUNBAR
LyNNE AND ChRIS DURIE
EANDI METAL WORKS, INC.
SANDRA AND JAMES EARL
MAGGIE EASTWOOD
EDRINGTON, SChIRMER & MURPhy LLP
JAMEL AND CRAIG EhNISz
DEBBIE REIChLING AND DAVID ENDRES
ENGINEERING & UTIL ITy CONTRACTORS ASSOCIATION
WAyNE AND LESLEE FEINSTEIN PhILANThROPIC FUND
MARIANNE AND SCOTT FELDMAN
CARLA FILGAS
JOy AND PAUL FIShER
RITA AND FRANK FLORES
AARON FOX
ThE FRAGOMENI FAMILy TRUST
JOSEPh AND ANNE FRANCINI
RENEE AND DAVID FRANK
TEL FRANKLIN
FREMONT INVESTORS, INC.
ChARLES F. GAGLIASSO TRUCKING, INC.
PRISCILLA AND GEORGE GALAKATOS
GAMESTOP
GANG, TyRE, RAMER & BROWN, INC.
GRETChEN AND TOM GIBSON
KENNETh GILMORE
JILL AND KEN GIMELL I
GLASS ARChITECTS
LyNN AND CURT GLENN
ThE GODFREy FAMILy
GOLDEN BEAR PACKAGING, INC.
GOLDEN STATE WARRIORS
JOhN AND MARCIA GOLDMAN FOUNDATION
NICOLE AND CORy GOLOGOSKI
J IM AND SUSAN GOOD
DONORS CONT INUED
GOOD NEIGhBOR PhARMACy
GOOGLE MATChING GIFTS PROGRAM
MARCIA K. GOULD
MARK R. GRACE
FRANCES AND WILL IAM GRANT
SARA AND BOB GRIFFIN
NANCy AND RIChARD GRIFFITh
JANET GRISON
COLLEEN AND ROBERT D. hAAS FUND
LINDA NOBLE AND ERNIE hAEUSSLEIN
KSENIJA AND GUS hALAMANDARIS
GLENN hALDAN
ELLA AND ERIC hALL
KAThy AND MARK hALLER
SUSAN AND GARy hALLING
RIChARD hAMER
LAURIE hAMILTON
NIChOLE AND CLARENCE hAMMOND
POLLy AND ED hAN
ChIP h. hANSEL
ALICE AND JOhN hANSEN
MIChAEL AND JOANN hANSEN
J.R. hANSEN, INC.
BETh AND MARK hANSON
KAREN AND RICK hARGROVE
KRISTEN AND TySON hARPER
BEVERLy AND SCOTT hARPER
CAROL AND CRAIG hARTMAN
ThE hATFIELD FAMILy
ADRIANA AND BILL hAyWARD
hELLER EhRMAN LLP
SAM hENDERSON
LINDA hEXEM
ANTOINETTE AND DENNIS hIBBS
hILDER FAMILy PROPERTIES
RIKO AND KAzUO hIRAI
LEONARD hIRShAN MANAGEMENT
hISCO
MELINDA AND ERIC hIXON
NICOLE hIXON
BAO hOANG
MIChAEL hOChSTER
DAVID hOLLOWAy
MABEL hORRIGAN FOUNDATION
CyNThIA hOUSE
LIBBy AND MARK hOUSE
ELINOR hOWENSTINE
SUSIE AND RICh hUETTEMAN
WILL IAM hUFF
ThE hUNTINGTON hOTEL & NOB hILL SPA
IMPERIAL COUNCIL OF SAN FRANCISCO, INC.
KIMBERLy JABLONSKI
STUART JACOBS AND STEPhANIE STEVENSON
MIKE JAShINSKI
JDS FITNESS, INC.
DIANA AND ALEX J IANAS
ANN AND ChARLES JOhNSON
CAThERINE AND PITCh JOhNSON
SEANNA AND NIELS JOhNSON
VERONICA AND FRANK JOhNSON
SUE AND E.J. JOhNSTON
JILL AND PAUL JONES
MARK AND KAREN JUNG
JESLIE JUNIO
SOTERIA KARAhALIOS AND ALEXANDER DUBELMAN
TERESA AND STUART KARI
ALENE AND DANIEL KARThAS
ROy KAUFMAN AND hOWARD BERNSTEIN
MAy AND LARRy KAy
CAThERINE AND PETER KEIM
KELLER MEDICAL INSTITUTE
ROBERTA AND BOB KELSCh
JANETTE AND ED KENNEDy
ALISTER KING
BARBARA KOhN
DENISE AND DOUGLAS KRAh
JEANNINE AND RUSS KUhN
DETLEV KUNz
ChO KWAN, CPA, INC.
L INDA AND LAWRENCE LADOVE
EUGENE LAM
ARLENE AND ED LANG
JANICE AND DAN LASKOSKI
STEPhEN LAVAUTE
LORI AND ROBERT LAVINE
LAWRENCE L IVERMORE NATIONAL LABORATORy
LEE RAy-TARANTINO COMPANy, INC.
SUSAN AND MARK LEIBENhAUT
LEMO USA, INC.
LAURA AND PATRICK LENCIONI
KEN AND L. C. LESTER
BRIAN LEWIS
ROBERT LEWIS
CORALEE AND SAM LINDER
DONNA AND ROBERT L INzAy
SUSAN AND JAy L IPSCOMB
ERICA AND JOhN LOCKRIDGE
FEySAN LODDE
DAVID ARThUR VINEyARDS
TIFFANy LOW
hELEN LOWELL
JOELLE AND DOUG LUMISh
JOhANNA AND FRANCIS LUNGER
PATRICIA MADDOX
Greater Bay Area Make-A-Wish Foundat ion®
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Greater Bay Area Make-A-Wish Foundat ion®
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DONORS CONT INUED
KAThy AND JOEL MADEROS & FAMILy
FARAh AND VICTOR MAKRAS
VIOLA MALDE
KAThI AND DON MANzAGOL
AUDREy MARTINSON
BONNIE AND MIChAEL MASTROCOLA
PAMELA MCCANTS
DANA MCCLANE
DONNA MCCLANE
JOSEPh MCGOVERN
MARK A. MCINTOSh
MR. AND MRS. STEVE MCINTyRE
ThE BELL-MCNEILL FAMILy
RALPh C. MEEK
LEONE MERChANT
JEANETTE AND TED MEyER
MICROSOFT MATChING GIFTS PROGRAM
MILL VALLEy MIDDLE SChOOL
ALLy MILLER
LAURIE AND MARK MILLER
ChRISTINA AND MIChAEL MILLER
PAUL MILLER
KEVIN MOORE
ROBIN MORAN
TOM MORAN
MORRISON & FOERSTER FOUNDATION
AShLEy MOzART
RIChARD MURPhy
EDWIN MUSCAT
ThE MyATT FAMILy
BETh AND KIP MyERS
ARABELLA AND GEORGE NAPIER
ShANTANU NARAyEN
NATIONAL SEMICONDUCTOR
CLAUDIA AND RON NAVENTI
NCAA
DAVID NEAL
DANE NELSON
GEORGE NOLAN
NORTh VALLEy BANK
JENIFFER OLIVER-WESS
ELIzABETh AND DONALD OLSON
DEBBIE AND BRIAN OPPERMAN
REBECCA AND JON ORBAN
MARCI AND LOUIS PALATELLA
FRANCESCA PASSALACqUA
RITA AND AKShAI PATEL
KENT PENWELL
PERRONE FAMILy TRUST
BOB PERRy
LISA AND MARK PhLEGER
ROSEANNE PIERRE
PATTI AND BOB POLITO
JOAN AND DON PORTEOUS
LyNN AND hARVEy POSERT
MR. MATT POWERS AND MRS. REBECCA PLATT
GEORGE PRODAN
PSW BENEFIT RESOURCES
KARIN AND BILL RABIN
RAINMAKER INVESTMENTS
MARIE RATTO
TINA RAU
RON RAy
LIONEL RECIO
KAREN AND ThOMAS REDDy
REDWOOD TOXICOLOGy LABORATORy, INC.
WANDA PIKE REES
JOyA AND EDWARD REINES
AMy AND PhILL IP RIChARDS
STEVEN RICKENBAChER
DOUGLAS RIGG
DANIEL ROBBINS
ARThUR RORING
ANDREW ROSSILLON
DEEDEE AND RON ROTh
CyNThIA AND ALLEN RUBy
LEANNE AND JONAThAN RyAN
ANN AND NED RyDER
ShAILA AND IRFAN SAIF
TINA AND TONy SAMMUT
SAN FRANCISCO FIRE CREDIT UNION
yVONNE AND ANGELO SANGIACOMO
DEBRA SCALES
LAUREEN AND ROBERT SChILLER
MIChELLE AND RIChARD SChMIDT
MARy SChOLz
TIM SChRECK
JON AND BRECK SChUBB
ThE SChWAB FUND FOR ChARITABLE GIVING
DENISE AND GERRy SChWARTzEL
JENNIFER SEIDLER
TAMMy ShAKLEE AND CLIF MITChELL
SALLy ShEKOU
MIKE SILVEIRA
CAThERINE AND J IM SIMS
ABBy AND MIKE SMERKLO
ChEREE SMITh
FRANK SMITh
PhIL IP SMOLIN
KELL I UDALL AND STEVE SNIDER
SOUTh VALLEy PLUMBING
GEORGE SPARKS
DIANE AND JAMES SPILMAN
AMy SPRING
ROB AND MARILyN SqUIRE
ST. CLAIR’S CATERING
STAR ONE CREDIT UNION
STATE FARM MUTUAL INSURANCE CO.
hELEN AND DAVID STEEL
SUSAN STEVENS
GAIL AND STEPhEN STONEhOUSE
DONORS CONT INUED
SVC CALIFORNIA, LP
LAURA AND JOE SWEENEy
KELLy AND BRIAN SWETTE
MARJORIE SWIG
ShIRLEy SWORD
ROBERT AND JESSA TACCINI
hOCK TAN
KhENG TAN
DANIELLE TAVIzON
MERy AND GREG TAyLOR
TEhAMA REALTy
SUSAN AND ROBERT TELLES
WILL IAM ThORN
ThE TRACEy FAMILy
TIM TREADWAy
TRITON CONTAINER INTERNATIONAL, INC.
JOSEPh UCUzOGLU
KAREN AND ED ULShAFER
UNDERWRITERS LABORATORIES INC.
hEIDI AND MARK URIOSTE
VENTANA PROPERTy SERVICES
JANET AND MIChAEL VERLANDER
DON AND ANNE VERMEIL
VICKI J. GUTGESELL FUND
VICORP RESTAURANTS (BAKERS SqUARE)
JOAN AND GARy VINCENz
VISA GIVINGSTATION
VISA INTERNATIONAL
MR. AND MRS. GEORGE A. VON zEDLITz
DIANNE AND MIKE VREEBURG
ThE DAVID AND LAURA WAAL FAMILy
VEENA AND TODD WALDMAN
AMy AND RICh WARNICK
JANICE AND K. P. WATERhOUSE
JAN AND STEVE WATSON
EMILy BRANDWIN WEINSTOCK AND JEFFREy WEINSTOCK
WELLS FARGO BANK
WhITE SWAN INN
WILL IAM G. GILMORE FOUNDATION
MANDy WILL IAMS
ChARLES WILLSON
JOyCE TROMBLEy AND DICK WILSON
DIANNE AND DON WINN
KAThLEEN AND VERN WINTERS
BETTy AND PhIL WOOD
WOODWARD FAMILy FOUNDATION ENDOWMENT FUND
VICKy yAKOBOVICh
yOUNG’S MARKET COMPANy AND ThE ESTATES GROUP
GENEVIEVE yU
SONyA yU
RENE zAKhOUR
zALES
MONA AND ED zANDER
SARA AND NAThANIEL zILKhA
IN-KIND
$50,000 +
ThE A L IST, INC.
GIVE KIDS ThE WORLD
hARTMANN STUDIOS
KRON 4
OPENTABLE
SONOMA-CUTRER VINEyARDS
$25,000-$49,999
102.1 KDFC
ARGUS, LLC
AVIS RENT A CAR SySTEM, INC
FOOD & WINE
GOLDEN BEAR PACKAGING, INC.
REKhA AND VIJAy MALLyA
PARADISE PIER hOTEL
KELLy AND BRIAN SWETTE
TEhAMA GOLF & COUNTRy CLUB
WELLS FARGO BANK
$10,000-$24,999
7X7 MAGAzINE
AMERICAN AIRL INES
EDMOND BENECh
BLACKhAWK CORPORATION
CALIFORNIA hOME & DESIGN
JENNIFER AND DAREN COX
DISNEy WORLDWIDE SERVICES, INC.
DISNEyLAND RESORT
hyATT REGENCy SANTA CLARA
JOhN CRANE FILMS
LUSSORI
MOSAIC GLOBAL TRANSPORTATION
PEBBLE BEACh FOOD & WINE
SAN FRANCISCO DESIGN CENTER
BETh AND MEL ShULTz
UNITED AIRL INES
US AIRWAyS
JACKIE AND NICKO VAN SOMEREN
$5,000-$9,999
BROADCAST FILM CRITICS ASSOCIATION
CANEPA DESIGN
CARRIGG
CORNERSTONE COLORADO
DAVID ARThUR VINEyARDS
DE LA MONTANyA WINERy & VINEyARDS
DELL COMPUTER CORPORATION
DONORS CONT INUED
Greater Bay Area Make-A-Wish Foundat ion®
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Greater Bay Area Make-A-Wish Foundat ion®
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DONORS CONT INUED
DELTA AIRL INES
DOLCE LLC
FAR NIENTE WINERy
MARK R. GRACE
GyMBOREE
TAMARA hENNINGS
hUGhSTON ENGINEERING
hyATT REGENCy WAIKIKI
IDG WORLD EXPO
VICKI AND GREG JAMISON
JAy JOhANSEN STUDIO, LLC
KNOTT’S BERRy FARM/SOAK CITy, USA
JEANNINE AND RUSS KUhN
MITzI LARSSON
LEO GONG PhOTOGRAPhy
MARTINELL I WINERy
MEDIEVAL TIMES
PACIFIC TWEED
PEBBLE BEACh COMPANy
POTTERy BARN TEEN
RAINBOW PLAySySTEMS
ROyAL CARIBBEAN INTERNATIONAL CRUISE L INES
SAN FRANCISCO GIANTS
ThE SChWAB FUND FOR ChARITABLE GIVING
STANDARD PACIFIC OF NORThERN CA - EAST BAy
TIM A. AUGER, DMD, INC.
VERITE WINERy
EVENT HOSTS
$25,000-$49,999
ChICAGO TITLE SLO PITCh TOURNAMENT
ChICKEN ChOW DOWN ChARITy DRIVE
JAzzERCISE NIGhT AT ThE WARRIORS
PATRICIA’S BIGGEST LOSER CAMPAIGN
SFO GOLF TOURNAMENT
STAR WARS CELEBRATION
TROPhy CUP
$10,000-$24,999
DRIFTWOOD yAChT CLUB
DUCATI RACE AT LAGUNA SECA
DyLAN JOhNSON MEMORIAL BOWL-A-ThON
IBEW/NEC GOLF TOURNAMENT
ThOMAS KINKADE ChRISTMAS COTTAGE SCREENING
KNUCKLES hISTORICAL SPORTS BARS’ GOLF TOURNAMENT
LARK CREEK’S GINGERBREAD WIShES
PORSChE OWNERS CLUB EXTERNAL EVENT
$5,000-$9,999
CRUz’N’EUREKA CAR ShOW
DEMARIA, SPENCER, JOSI hOLIDAy PARTy
LIGhTS ON ASCOT
MARK STABLER ChARITy GOLF EVENT
PACIFIC AThLETIC CLUB PING PONG TOURNAMENT
SAN JOSE GIANTS WIShES FOR KIDS!
TASTE OF PASO WINES
$1,000-$4,999
1515 RESTAURANT & LOUNGE GOLF TOURNAMENT
4Th OF JULy MAKE-A-WISh DAy OF BAR-B-q AND MUSIC
ANyTIME FITNESS SANTA ROSA GRAND OPENING
BAy AREA PETROLEUM ASSOCIATION GOLF TOURNAMENT
BAy AREA WATER UTIL IT IES SOFTBALL TOURNAMENT
BC & yUKON GOLF TOURNAMENT
BIRDIES FOR WIShES SANTA CLARA UNIVERSITy WOMEN GOLF
CALIFORNIA INTERNATIONAL AIRShOW SALINAS
CAMICO MUTUAL INSURANCE ChARITy LUNCh DAy
CARMEL ACADEMy DANCE RECITAL
CENTRAL BOUTIqUE WINE
COMPWEST EMPLOyEE EVENT
CONCORD MOOSE LODGE #567
CONCORSO ITALIANO AUCTION
DUFFER’S 23RD ANNUAL GOLF TOURNAMENT
DUSTIN J. BETTENCOURT MEMORIAL GOLF TOURNAMENT
JAMEL EhNISz’S CASA DE AMIGAS PARTy
FERRARI CLUB OF AMERICA - PACIFIC REGION EVENT
GLACIER L IGhTS FUNDRAISER
GOLDEN GATE ASSOCIATION OF hEALTh UNDERWRITERS GOLF TOURNAMENT
GOLDEN GATE GARRISON
BILLy hARRIS’ 40Th BIRThDAy
hATFIELD FAMILy ChINESE NEW yEAR PARTy
hUMAN RACE
IMPERIAL COUNCIL OF SF ShOW
JOIE DE VIVRE GIVES CAMPAIGN
LA VERA PIzzA 25Th ANNIVERSARy
LOEMANN’S ShOP AND ShARE BENEFIT
MACy’S IN-STORE PASSPORT EVENT
MCDOWELL’S SEASIDE TO SEASIDE RIDE
DONORS CONT INUED
ROTARy CLUB OF SAN FRANCISCO INTERNATIONAL AIRPORT LUNChEON
SAN FRANCISCO MARAThON CAUSE TO RUN PROGRAM
SPENCER STUART SIL ICON VALLEy hOLIDAy PARTy
WESTERN AThLETIC CLUBS INC.
yPAC ART OF A WISh
IN HONOR OF
$5,000+
MATT POWERS’ BIRThDAy
STEFANIE, MATT AND CAROLINE SALyER
$1,000–$4,999
NILDA ChONG
DINA EASTWOOD
GILBERT JOhNSON
IN MEMORY OF
$10,000–$24,999
MIKE ALLEN
$5,000–$9,999
LEO JANSING
$1,000–$4,999
ALEXIS JOy BRISKI
NAThAN JAMES, AVILA ANDAyA AND KATALINA ThANG
MARILyN LEWIS
KATIE STEFFENS
ThE FAThER OF TOShIRO NAKAMURA
KIDS FOR WISH KIDS
$25,000–$34,999
A.J. CASELLA FISh FOR A WISh TOURNAMENT
$10,000–$24,999
SAM VOGEL’S SKATE 4 A CAUSE
$5,000–$9,999
ChI OMEGA – NU ChAPTER ChI O CASINO
$1,000–$4,999
APTOS hIGh SChOOL – ASSOCIATED STUDENT BODy
COLLINS ELEMENTARy SChOOL WALK-A-ThON
ShANNON MERALA’S WEBB RANCh BENEFIT hORSE ShOW
PIEDMONT hILLS hIGh SChOOL
ST. MARy OF ThE IMMACULATE CONCEPTION SChOOL
$500–$999
VICTORIA ACOSTA’S SWEET 16 BIRThDAy
ChI OMEGA – NU ALPhA ChAPTER DODGEBALL TOURNAMENT
KLC SChOOL PARTNERShIP ChAMPIONS DANCE-A-ThON
NOTRE DAME hIGh SChOOL DANCE
OhLONE COMMUNITy COLLEGE
ST. ChARLES SChOOL
UC SANTA CRUz DANCE COLLISION 2009
VALLE VERDE ELEMENTARy RACE FOR A WISh
WRIGhT ELEMENTARy SChOOL 3RD GRADE WALK-A-ThON
SPECIAL FRIENDS
& SUPERHEROES
AAA VOLUNTEERS
AA ANSWERING SERVICE
APPLE, INC.
RICh AURIL IA
MIChELE BENJAMIN
AIMEE BERGER
BLACK BEAR DINERS
BROWN-FORMAN CORPORATION
JONAThAN CAIN
PETER COyOTE
MARK DANON
DINA EASTWOOD
JAMEL EhNISz
ELECTRONIC ARTS
JAy AND DON EMMONS
ThE EXPLORATORIUM
ChEF EL IzABETh FALKNER
FAR NIENTE
GGNRA ALCATRAz TOUR
GOLDEN STATE WARRIORS
GRAND hyATT SAN FRANCISCO
GRAy L INE SAN FRANCISCO
BOB GUINAN
KSENIJA hALAMANDARIS
hARD ROCK CAFE
BILLy hARRIS
hAyWARD TRAVEL
hOLIDAy INN EXPRESS FIShERMAN’S WhARF
CyNThIA hOUSE
hyATT AT FIShERMAN’S WhARF
hyATT REGENCy MONTEREy hOTEL & SPA
hyATT REGENCy SAN FRANCISCO
hyATT REGENCy SANTA CLARA
INDUSTRIAL L IGhT & MAGIC
JAzzERCISE
JOhN CRANE FILMS
JOURNEy
DAN KARThAS
ChEF hUBERT KELLER
KMA LIMOUSINE
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DONORS CONT INUED
DAN KOSTA (SONOMA AKA “PREMIER PINOT PUShER”)
LANGUAGE L INE SERVICES
DAVID LONG (NAPA AKA “KING OF CABERNET”)
LUCASARTS
LUCASFILM
ChEF EMILy LUChETTI
MAKE-A-WISh VOLUNTEERS AND INTERNS
BOB MASSOLA
JORDAN MEISNER
MONTEREy BAy AqUARIUM
DAVID NADELMAN
MAyOR GAVIN NEWSOM
NINTENDO
NORDSTROM
OAKLAND AThLETICS
OAKLAND RAIDERS
PRESIDENT BARACK OBAMA
SCOTT ORMEROD
ChEF ROLAND PASSOT
ChEF DANIEL PATTERSON
SPEAKER OF ThE hOUSE NANCy PELOSI
PEBBLE BEACh COMPANy
VALENTIA PICCININI
PIXAR
MATT POWERS
GEORGE SAMMUT
SAN FRANCISCO 49ERS
SAN FRANCISCO GIANTS
SAN FRANCISCO FIRE DEPARTMENT
SAN FRANCISCO MUNICIPAL TRANSPORTATION AUThORITy
SAN FRANCISCO POLICE DEPARTMENT
SAN JOSE ShARKS
SERVICE WEST
SIMCO GROUP (PIER 39)
SONOMA-CUTRER VINEyARDS
SONy
ST. CLAIR’S CATERING
VILLA SAN RAMON RETIREMENT RESIDENCE “CLUB 90”
LISA VOGEL
EMILy AND JEFF WEINSTOCK
WESTFIELD ShOPPING CENTRE
WESTIN SAN FRANCISCO MARKET STREET
yOUNG PROFESSIONAL ADVISORy COUNCIL (yPAC)
REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS
T h E B OA R D O F D I R EC TO RS G R E AT ER BAy A R E A M A K E-A-W I S h F O U N DAT I O N ®:
We have audited the accompanying statement of financial position of Greater Bay Area Make-A-Wish Foundation® (the Foundation) as of August 31, 2009, and the related statements of activities, cash flows, and functional expenses for the year then ended. These financial statements are the responsibility of the Foundation’s management. Our responsibility is to express an opinion on these financial statements based on our audit.
We conducted our audit in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Foundation’s internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Greater Bay Area Make-A-Wish Foundation® as of August 31, 2009, and the changes in its net assets and its cash flows for the year then ended in conformity with U.S. generally accepted accounting principles.
As discussed in notes 2 and 3 to the financial statements, the Foundation adopted the provisions of Financial Accounting Standards Board Statement No. 157, Fair Value Measurements, as of September 1, 2008 for fair value measurements of all financial assets and financial liabilities that are recognized at fair value in the financial statements on a recurring basis.
March 31, 2010
KPMG LLP, a U.S. l imi ted l iabi l i t y par tnership, is the U.S. member f i rm of KPMG Internat ional, a Swiss cooperat ive.
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STATEMENT OF FINANCIAL POSIT ION
August 31, 2009
Assets
Cash and cash equivalents $ 300,674
Contr ibut ions receivable 302,842
Due from re lated ent i t ies 56,625
Prepaid expenses 99,801
Investments 2,327,276
Other assets 26,884
Total assets $ 3,114,102
L iAbiL it ies And net Assets
Accounts payable and accrued expenses $ 211,031
Accrued pending wish costs 713,110
Due to re lated ent i t ies 192,407
Total l iabi l i t ies 1,116,548
Net assets :
Unres tr ic ted 1,718,064
Temporari ly res tr ic ted 185,963
Permanent ly res tr ic ted 93,527
Total net assets 1,997,554
Total l iabi l i t ies and net assets $ 3,114,102
See accompanying notes to f inancia l s ta tements.
STATEMENT OF ACTIVIT IES
Year ended August 31, 2009 Unrestr ic tedTemporari ly
Restr ic tedPermanent ly
Res tr ic ted TOTAL
Revenues, gains and other suppor t
Publ ic suppor t
Contr ibut ions $ 2,514,696 $ 77,211 $ 82,027 $ 2,673,934
In-kind contr ibut ions 708,933 108,094 — 817,027
Grants 123,000 — — 123,000
Total publ ic suppor t 3,346,629 185,305 82,027 3,613,961
Special events 2,655,598 — — 2,655,598
Less direct cos ts of benef i t s to donors (1,278,320) — — (1,278,320)
Total special events 1,377,278 — — 1,377,278
Investment income ( loss) , net (734,097) 658 — (733,439)
Net assets re leased from res tr ic t ions 97,200 (97,200) — —
Total revenues, gains, and other suppor t 4,087,010 88,763 82,027 4,257,800
expenses
Program ser vices
Wish grant ing and program-related suppor t 4,026,995 — — 4,026,995
Total program ser vices 4,026,995 — — 4,026,995
Suppor t ser vices
Fund rais ing 888,891 — — 888,891
Management and general 215,099 — — 215,099
Total suppor t ser vices 1,103,990 — — 1,103,990
Total expenses 5,130,985 — — 5,130,985
ChANGE IN NET ASSETS (1,043,975) 88,763 82,027 (873,185)
net assets, beginning of the year 2,762,039 97,200 11,500 2,870,739
net assets, end of the year $ 1,718,064 $ 185,963 $ 93,527 $ 1,997,554
See accompanying notes to f inancia l s ta tements.
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STATEMENT OF FUNCTIONAL EXPENSES
Year ended August 31, 2009ProgramSer vices
Suppor t Ser vices
Wish Grant ing and Program-
related Suppor t Fundrais ingManagement and General TOTAL
Direct cos ts of wishes $ 1,972,968 $ — $ — $ 1,972,968
Salar ies, taxes, and benef i t s 1,082,940 484,615 114,551 1,682,106
Print ing, subscr ipt ions, and publ icat ions
126,782 56,735 13,411 196,928
Profess ional fees 237,948 106,482 25,170 369,600
Rent and ut i l i t ies 154,739 69,246 16,368 240,353
Postage and del iver y 128,883 55,657 13,156 197,696
Travel 16,428 7,352 1,738 25,518
Meet ings and conferences 9,663 4,324 1,022 15,009
Of f ice suppl ies 21,923 9,810 2,319 34,052
Telephone 15,796 7,069 1,671 24,536
Media and adver t is ing 63,517 28,424 6,719 98,660
Repairs and maintenance 20,680 9,254 2,187 32,121
Insurance 6,113 2,735 647 9,495
Membership dues 1,651 739 175 2,565
National par tnership dues 136,226 32,694 12,714 181,634
Miscel laneous 16,599 7,428 1,755 25,782
Depreciat ion and amor t izat ion 14,139 6,327 1,496 21,962
$ 4,026,995 $ 888,891 $ 215,099 $ 5,130,985
See accompanying notes to f inancia l s ta tements.
STATEMENT OF CASH FLOWS
Year ended August 31, 2009
Cash f lows from operat ing act iv i t ies:
Change in net assets $ (873,185)
Adjus tments to reconci le change in netassets to net cash used in operat ing act iv i t ies:
Depreciat ion and amor t izat ion 21,962
Contr ibut ions res tr ic ted for long- term inves tment (21,644)
Real ized and unreal ized (gains) losses on inves tments, net 745,045
Loss on disposal of proper ty and equipment 1,012
Changes in assets and l iabi l i t ies:
Contr ibut ions receivable (167,440)
Due from re lated ent i t ies (56,625)
Prepaid expenses (73,564)
Other assets 8,925
Accounts payable and accrued expenses 19,798
Accrued pending wish costs (111,467)
Due to re lated ent i t ies 152,387
Net cash used in operat ing act iv i t ies (354,796)
Cash f lows from invest ing act iv i t ies:
Purchases of inves tments (2,700,891)
Proceeds from sales of inves tments 3,106,057
Net cash provided by inves t ing act iv i t ies 405,166
Cash f lows from f inancing act iv i ty:
Contr ibut ions res tr ic ted for long- term inves tment 21,644
Net cash provided by f inancing act iv i ty 21,644
Net increase in cash and cash equivalents 72,014
Cash and cash equivalents, beginning of year 228,660
Cash and cash equivalents, end of year $ 300,674
See accompanying notes to f inancia l s ta tements.
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NOTE 1 - ORGANIZATION
Greater Bay Area Make-A-Wish Foundation® (the Foundation) is a California not-for-profit corporation, organized for the purpose of granting wishes to children with life-threatening medical conditions. The Foundation is an independently operating chapter of Make-A- Wish Foundation of America (National Organization), which operates to develop and implement national programs in public relations and fund raising for the benefit of all local chapters. In addition, the local chapter is obligated to comply with a chapter agreement with the National Organization and such guidelines, resolutions, and policies as may be adopted by the National Organization’s board of directors.
NOTE 2 - SUMMARY OF S IGNIFICANT ACCOUNTING POLIC IES
(a) BASIS OF PRESENTATION
The financial statements of the Foundation are prepared on the accrual basis of accounting in accordance with U.S. generally accepted accounting principles.
(b) NEW ACCOUNTING PRONOUNCEMENTS
On September 1, 2008, the Foundation adopted the provisions of Financial Accounting Standards Board (FASB) Statement No. 157 (SFAS No. 157), Fair Value Measurements, for fair value measurements of financial assets and financial liabilities and for fair value measurements of nonfinancial items that are recognized at fair value in the financial statements on a recurring basis. SFAS No. 157 defines fair value as the price that would be received to sell an asset or would be paid to transfer a liability in an orderly transaction between market participants at the measurement date. SFAS No. 157 established a three-tier hierarchy to maximize the use of observable market data and minimize the use of unobservable inputs, and to establish classification of fair value measurements for disclosure purposes. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk. Inputs may be observable or unobservable. Observable inputs are inputs that reflect the assumptions market participants would use in pricing the asset or liability developed based on market data obtained from sources independent of the reporting entity. Unobservable inputs are inputs that reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability developed based on the best information available.
In February 2007, the FASB issued SFAS No. 159, The Fair Value Option for Financial Assets and Financial Liabilities: Including an amendment of FASB Statement No. 115. SFAS No. 159 was issued to reduce earnings volatility caused by related assets and liabilities measured differently under GAAP. SFAS No. 159 allows all entities (including not-for-profit organizations, with certain modifications) to make irrevocable instrument by instrument election to measure
NOTES TO FINANCIAL STATEMENTS
Au g u s t 31, 20 09
eligible items at fair value in their entirety. SFAS No. 159 is effective as of the beginning of the first fiscal year after November 15, 2007. As no elections were made relating to the adoption of this new guidance, SFAS No. 159 had no impact on the financial position of the Foundation.
Effective September 1, 2008, the Foundation adopted the provisions of FASB Staff Position No. 117-1, Endowments of Not-for-Profit Organizations: Net Asset Classification of Funds Subject to an Enacted Version of the Uniform Prudent Management of Institutional Funds Act, and Disclosures for All Endowment Funds (FSP 117-1). FSP 117-1 provides guidance on the net asset classification of donor restricted endowment funds for a not-for-profit organization that is subject to an enacted version of the Uniform Prudent Management of Institutional Funds Act of 2006 (UPMIFA) and also required disclosures about endowment funds, both donor restricted endowment funds and board designated endowment funds. This new guidance had no impact on the reported net assets as of September 1, 2008. See enhanced disclosures at note 9 to the financial statements.
(c) CASH AND CASH EqUIVALENTS
The Foundation considers all highly liquid investments with an original maturity of three months or less when purchased to be cash equivalents. Also included in cash and cash equivalents is $150,482 of money market mutual funds, which are Level 1 securities as defined in note 3.
(d) INVESTMENTS
Investments are recorded at fair value and consist of money market funds, corporate bonds and notes, U.S. government securities, and alternative investments. Investment income, including gains and losses on investments, is recorded as increases or decreases in unrestricted net assets unless their use is limited by donor imposed restrictions or law.
(e) CONTRIBUTIONS RECE IVABLE
Contributions receivable are unconditional promises to give. Such promises that are expected to be collected within one year are recorded at expected net realizable value. Unconditional promises to give that are expected to be collected in future years are recorded at the present value of estimated future cash flows. Risk-free rates are used to discount pledges received prior to September 1, 2008. For pledges received beginning September 1, 2008, pledges are discounted using fair value rates. All pledges outstanding as of August 31, 2009 are expected to be received within one year.
NOTES TO FINANCIAL STATEMENTS - Cont inued
Au g u s t 31, 20 09
NOTE 2 - SUMMARY OF S IGNIFICANT ACCOUNTING POLIC IES - Cont inued
(b) NEW ACCOUNTING PRONOUNCEMENTS - Cont inued
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(f ) PROPERTY AND EqUIPMENT, NET
Property and equipment having a useful life of more than one year are stated at cost when purchased. Donated assets are capitalized at the estimated fair value at the date of donation. Depreciation on property and equipment is provided on a straight-line basis over the estimated useful lives of the assets, generally 3 to 5 years. Leasehold improvements are amortized over the shorter of the estimated useful life of the asset or the remaining terms of the leases. The costs of normal maintenance and repairs that do not add to the value of the asset or materially extend its life are expensed as incurred.
(g) NET ASSETS
The Foundation’s net assets and changes therein are classified and reported as follows:
• Permanently restricted net assets – Net assets subject to restrictions imposed by donor or law that the principal be maintained in perpetuity. Generally, the donors of these assets permit the Foundation to use all or part of the income earned on related investments for unrestricted purposes as permitted by law.
• Temporarily restricted net assets – Net assets subject to restrictions imposed by donor or law that may be met either by actions of the Foundation or the passage of time.
• Unrestricted net assets – Net assets that are not subject to donor imposed restrictions.
(h) REVENUE RECOGNITION
Unconditional promises to give are recorded as contributions revenue when the promise is received. Conditional promises are recorded as revenue once the conditions are substantially met. Contributions, grants, and bequests are recognized as either temporarily or permanently restricted if they are received with donor stipulations that limit the use of the donated assets. When a donor restriction expires, temporarily restricted net assets are reclassified to unrestricted net assets and reported in the statement of activities as net assets released from restrictions. When restrictions are met in the same period as the contribution is received, the Foundation records the contribution as unrestricted. Contributions of assets other than cash are recorded at their estimated fair value at the contribution date. Contributions of services are recognized if the services received (a) create or enhance nonfinancial assets or (b) require specialized skills, are provided by individuals possessing those skills and would typically need to be purchased if not provided by donation.
NOTES TO FINANCIAL STATEMENTS - Cont inued
Au g u s t 31, 20 09
NOTE 2 - SUMMARY OF S IGNIFICANT ACCOUNTING POLIC IES - Cont inued
NOTES TO FINANCIAL STATEMENTS - Cont inued
Au g u s t 31, 20 09
NOTE 2 - SUMMARY OF S IGNIFICANT ACCOUNTING POLIC IES - Cont inued
(h) REVENUE RECOGNITION - Cont inued
The Foundation received service and material donations with fair value of $817,027 for the year ended August 31, 2009 and consisting of the following:
Adver t is ing and media $ 98,660
Other wish re lated donat ions 713,616
Technology suppl ies 4,751
$ 817,027
Advertising and media are expenses that help the Foundation communicate its message or mission and include fundraising materials, informational material, or advertising, and may be in the form of an audio or video tape of a public service announcement, a layout for a newspaper, media time or space for public service announcements or other purposes.
Additionally, the Foundation received contributions with fair value of $817,391 which are included in special events revenue in the accompanying statement of activities for the year ended August 31, 2009.
( i ) INCOME TAXES
The Foundation is a not-for-profit organization exempt from federal income and California taxes under the provisions of Internal Revenue Code Section 501(c)(3) and Section 23701d of the California Franchise Tax Board. 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.
In June 2006, the FASB issued Interpretation No. (FIN) 48, Accounting for Uncertainty in Income Taxes – an interpretation of FASB Statement No. 109. FIN No. 48 prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return, and provides guidance on derecognition, classification, interest and penalties, disclosure, and transition. On December 30, 2008, the FASB issued FASB Staff Position (FSP) FIN 48-3, Effective Date of FASB Interpretation No. 48 for Certain Nonpublic Enterprises, which permits an additional one year deferral of the effective date of FIN No. 48 for most nonpublic entities. FSP FIN
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NOTES TO FINANCIAL STATEMENTS - Cont inued
Au g u s t 31, 20 09
NOTE 2 - SUMMARY OF S IGNIFICANT ACCOUNTING POLIC IES - Cont inued
( i ) INCOME TAXES - Cont inued
48-3 defers the effective date of FIN No. 48 for entities within its scope to annual financial statements for fiscal years beginning after December 15, 2008. The Foundation has adopted the deferral and disclosure provisions of FIN 48-3 for its August 31, 2009 financial statements and will adopt the provisions of FIN 48 for the year ended August 31, 2010.
( j ) FUNCTIONAL EXPENSES
The Foundation performs three functions: wish granting and program related support, fund raising, and management and general. Definitions of these functions are as follows:
• Wish Granting and Program-Related SupportActivities performed by the Foundation that grant wishes to children with life-threatening medical conditions activities performed by the Foundation related to the wish program including the identification of wish candidates and the determination and delivery of each wish. Specific activities include, but are not limited to, the development of wish resources, handling of wish referrals, providing wish assistance for financially challenged chapters, out-of-territory wish placement, and administration of the wish program. Direct costs of wishes include all costs to deliver the wish to the wish child (e.g., theme park tickets, lodging, transportation, gifts, shopping sprees, etc.).
• Fund RaisingActivities performed by the Foundation to generate funds and/or resources to support its programs and operations. During the fiscal year ended August 31, 2009, the Foundation incurred no significant joint costs for activities that include fund raising appeals.
• Management and GeneralAll costs not identifiable with a single program or fund raising activity, but indispensable to the conduct of such programs and activities and to the Foundation’s existence are included as management and general expenses. This includes expenses for the overall direction of the Foundation, business management, general record-keeping, budgeting, financial reporting, and activities relating to these functions such as salaries, rent, supplies, equipment, and other expenses.
Expenses that benefit more than one function of the Foundation are allocated among the functions based generally on the amount of time spent by employees on each function.
(k) MANAGEMENT ESTIMATES
The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements. Actual results could differ from those estimates.
( l ) CONCENTRATIONS OF CREDIT R ISK
Financial instruments that potentially subject the Foundation to concentration of credit risk consist principally of cash, cash equivalents, and investments. The Foundation places its cash and investments with high credit quality financial institutions and generally limits the amount of credit exposure not to exceed the FDIC insurance coverage limit of $250,000. From time to time throughout the year, the Foundation’s cash balances may exceed the amount of the FDIC insurance coverage.
NOTE 3 - CASH AND CASH EqUIVALENTS AND INVESTMENTS
The Foundation adopted the provisions of SFAS No. 157 on September 1, 2008 for fair value measurements of cash and cash equivalents and investments that are recognized at fair value in the financial statements. SFAS No. 157 establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to quoted prices in active markets for identical assets (Level 1 measurements) and the lowest priority to measurements involving significant unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are as follows:
• Level 1 – quoted prices in active markets for identical investments.
• Level 2 – other significant observable inputs (including quoted prices for similar investments, interest rates, prepayments speeds, credit risk, etc.).
• Level 3 – significant unobservable inputs (including the Foundation’s own assumptions in determining the fair value of investments).
NOTES TO FINANCIAL STATEMENTS - Cont inued
Au g u s t 31, 20 09
NOTE 2 - SUMMARY OF S IGNIFICANT ACCOUNTING POLIC IES - Cont inued
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The following table presents cash and cash equivalents and investments at August 31, 2009:Fair Value Measurements at
August 31, 2009 using
August 31, 2009
quoted prices in act ive markets for
ident ical assets (LEVEL 1)
Signi f icant o ther
obser vable inputs
(LEVEL 2)
Signi f icant unobser vable
inputs(LEVEL 3)Descr ipt ion
CAsh And CAsh equivALents $ 300,674 300,674 — —
investments
mutual funds:
Domest ic equi ty 149,157 149,157 — —
Internat ional equi ty 443,005 443,005 — —
Asset a l locat ion 29,842 29,842 — —
Bonds 54,935 54,935 — —
equi ty securi t ies:
U.S. corporate equi ty secur i t ies
762,079 762,079 — —
Foreign equi ty secur i t ies 113,899 113,899 — —
Exchange trades 216,210 216,210 — —
debt securi t ies:
U.S. t reasur y 100,015 — 100,015 —
U.S. government debt obl igat ion
54,506 — 54,506 —
Corporate 322,048 — 322,048 —
Alternat ive investments:
hedge funds 81,580 — — 81,580
totAL investments 2,327,276 1,769,127 476,569 81,580
totAL CAsh And CAsh equivALents And investments
$ 2,627,950 2,069,801 476,569 81,580
For the valuation of debt securities at August 31, 2009, the Foundation used significant other observable inputs, particularly dealer market prices for comparable investments as of the valuation date (Level 2).
NOTES TO FINANCIAL STATEMENTS - Cont inued
Au g u s t 31, 20 09
NOTE 3 - CASH AND CASH EqUIVALENTS AND INVESTMENTS - Cont inued
For the valuation of its hedge funds at August 31, 2009, the Foundation elected to apply the concepts of FASB Accounting Standards Update No. 2009-12, Investments in Certain Entities That Calculate Net Asset per Share (or Its Equivalent), to its alternative investments. The guidance amends Statement 157 and permits, as a practical expedient, fair value of investments within its scope to be estimated using net asset value or its equivalent (Level 3). This implementation had no impact on reported amounts. The guidance amends Statement 157 and permits, as a practical expedient, fair value of investments within its scope to be estimated using net asset value or its equivalent (Level 3). This implementation had no impact on reported amounts.
The following table presents a rollforward of activity for investments measured at fair value using significant unobservable inputs (Level 3) for the year ended August 31, 2009:
Fair Value Measurements
Using Signi f icant Unobser vable
Inputs(LEVEL 3)
Beginning balances $ 93,082
Total real ized and unreal ized gains or ( losses) inc luded in changes in net assets
(11,502)
Ending balance $ 81,580
The amount of to ta l gains or losses for the period inc luded in changes in net assets at t r ibutable to the change in unreal ized gains or losses re lat ing to inves tments s t i l l he ld at the repor t ing date
$ (11,502)
Total investment income, gains, and losses for the year ended August 31, 2009 consist of the following:
In teres t and div idend income $ 72,095
Real ized and unreal ized gains ( losses) , net (745,045)
Less inves tment expenses (60,489)
investment inCome, net $ (733,439)
NOTES TO FINANCIAL STATEMENTS - Cont inued
Au g u s t 31, 20 09
NOTE 3 - CASH AND CASH EqUIVALENTS AND INVESTMENTS - Cont inued
Greater Bay Area Make-A-Wish Foundat ion®
26
Greater Bay Area Make-A-Wish Foundat ion®
27
NOTE 4 - CONTRIBUTIONS RECE IVABLE
Contributions receivable are expected to be received within one year.
NOTE 5 - TRANSACTIONS WITH RELATED ENTIT IES
The Foundation pays the National Organization an annual assessment fee, which was $181,634 for the year ended August 31, 2009. The National Organization supports the Foundation by providing funding and support for the granting of wishes. Such support includes the identification of wish candidates, fundraising and facilitating the delivery of wishes.
A Board member owns a professional catering service company which the Foundation has paid $18,900 for catering services and received $3,640 in donations.
Chapters who assist with the organization and granting of wishes from other chapters are paid a “fee for service” called the wish assist fee. Under this program, the Foundation received $9,225 for the year ended August 31, 2009, which is recorded in the accompanying statement of activities as contributions.
Amounts due from and to related entities are as follows:
Balance at August 31:
Due from National Organizat ion $ 40,661
Due from other chapters 15,964
Due to Nat ional Organizat ion 181,634
Due to other chapters 10,773
Amounts due from the National Organization represent contributions remitted to the National Organization that are specified for the Foundation’s use but were not yet transferred to the Foundation as of year end.
NOTES TO FINANCIAL STATEMENTS - Cont inued
Au g u s t 31, 20 09
NOTE 6 - PROPERTY AND EqUIPMENT, NET
Fixed assets as of August 31, 2009 consist of the following:
Computer equipment and sof tware $ 110,988
Of f ice furni ture 116,720
Other equipment 84,004
Leasehold improvements 12,089
323,801
Less accumulated depreciat ion and amor t izat ion
$ (323,801)
pRopeRty And equipment, net —
Depreciation and amortization expense totaled $21,962 for the year ended August 31, 2009.
NOTE 7 - ACCRUED PENDING WISH COSTS
The Foundation accrues for estimated costs of reportable pending wishes as unconditional promises to give when five certain, measurable wish criteria are met. Prior to meeting these five criteria, the wish is considered a conditional promise to give due to the inherent uncertainties surrounding these criteria and is therefore not accrued as a pending wish liability. Reportable pending wish criteria include:
1. Receiving a referral,2. Obtaining the required medical eligibility form,3. Contact with the wish family has occurred to determine the prospective wish,4. Determination that the wish falls within the National Organization’s wish granting
policy, and5. The wish is expected to be granted within the next 12 months.
As of August 31, 2009, the Foundation had 110 reportable pending wishes.
NOTE 8 - LEASES
The Foundation is obligated under various operating leases for office space and equipment, which expire at various dates through 2014. Total rent expense for all operating leases for the year ended August 31, 2009 totaled $240,353.
NOTES TO FINANCIAL STATEMENTS - Cont inued
Au g u s t 31, 20 09
Greater Bay Area Make-A-Wish Foundat ion®
28
Greater Bay Area Make-A-Wish Foundat ion®
29
Future minimum lease payments under operating leases having remaining terms in excess of one year are as follows:
years ending August 31:
2010 $ 113,432
2011 15,993
2012 13,200
2013 13,200
2014 13,200
totAL minimum LeAse pAyments $ 169,025
In addition to the operating leases noted above, the Foundation negotiated a new operating lease for office space, which will be effective following the expiration of an existing lease in February 2010.
NOTE 9 - ENDOWMENTS
The Foundation’s endowment consists of a single donor-restricted endowment fund established for the purpose of wish granting. Net assets associated with the endowment fund are classified and reported based on the existence or absence of donor imposed restrictions.
(a) INTERPRETATION OF RELEVANT LAW
The board of directors of the Foundation has interpreted the California UPMIFA as requiring 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 the permanent endowment, and (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 fund 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. In accordance with UPMIFA, the Foundation considers the following factors in making a determination to appropriate or accumulate donor restricted endowment funds:
1. The duration and preservation of the fund2. The purposes of the Foundation and the donor-restricted endowment fund
NOTES TO FINANCIAL STATEMENTS - Cont inued
Au g u s t 31, 20 09
NOTE 8 - LEASES - Cont inued
(a) INTERPRETATION OF RELEVANT LAW - Cont inued
3. General economic conditions4. The possible effect of inflation and deflation5. The expected total return from income and the appreciation of investments6. Other resources of the Foundation7. The investment policies of the Foundation
Endowment net asset composition by type of fund as of August 31, 2009 is as follows:
Unrestr ic tedTemporari ly
res tr ic tedPermanent ly
res tr ic ted totAL
Donor-res tr ic ted endowment funds $ — 658 93,527 94,185
Changes in endowment net assets for the year ended August 31, 2009:
Unrestr ic tedTemporari ly
res tr ic tedPermanent ly
res tr ic ted totAL
Endowment net assets , beginning of year $ — — 11,500 11,500
Investment re turn:
Inves tment income — 658 — 658
totAL investment RetuRn — 658 — 658
Contr ibut ions — — 82,027 82,027
endowment net Assets, end of yeAR
$ — 658 93,527 94,185
Description of amounts classified as permanently restricted net assets and temporarily restricted net assets (endowment only):
Permanent ly res tr ic ted net assets :
(1) The por t ion of perpetual endowment funds that is required to be retained permanent ly ei ther by expl ic i t donor s t ipulat ion or by UPMIFA ( inc luding $72,095 of contr ibut ions receivable as of August 31, 2009)
$ 93,527
NOTES TO FINANCIAL STATEMENTS - Cont inued
Au g u s t 31, 20 09
NOTE 9 - ENDOWMENTS - Cont inued
Greater Bay Area Make-A-Wish Foundat ion®
30
Greater Bay Area Make-A-Wish Foundat ion®
31
(b) FUND DEFIC IENCIES
From time to time, the fair value of assets associated with individual donor-restricted endowment funds may fall below the level that the donor or UPMIFA requires the Foundation to retain as a fund of perpetual duration. There were no deficiencies of this nature that are reported in unrestricted net assets as of August 31, 2009.
(c) RETURN OBjECTIVE AND RISK PARAMETERS
The Foundation has adopted investment and spending policies for endowment assets that attempt to provide a predictable stream of funding programs supported by its endowment while seeking to maintain the purchasing power of the endowment assets. Endowment assets include those assets of donor-restricted funds that the Foundation must hold in perpetuity or for a donor-specified period as well as board-designated funds. Under this policy, as approved by the board of directors, the endowment assets are invested in a manner that is intended to produce results that exceed the price and yield results of the S&P 500 index while assuming a moderate level of investment risk. The Foundation expects its endowment funds, over time, to provide an average rate of return of approximately 7% annually. Actual returns in any given year may vary from this amount.
(d) STRATEGIES EMPLOYED FOR ACHIEVING OBjECTIVES
To satisfy its long-term rate-of-return objectives, the Foundation relies on a total return strategy in which investment returns are achieved through both capital appreciation (realized and unrealized) and current yield (interest and dividends). The Foundation targets a diversified asset allocation that places a greater emphasis on equity-based investments to achieve its long-term return objectives within prudent constraints.
(e) SPENDING POLICY AND HOW THE INVESTMENT OBjECTIVE RELATETO SPENDING POLICY
Due to the recent creation of the Foundation’s endowment and its current small size, all earnings are being held and considered to be temporarily restricted until appropriated by the board. In the coming months, it is contemplated that the board will approve a policy for distribution of all or a portion of the endowment earnings for use by the Foundation in pursuing its mission.
NOTES TO FINANCIAL STATEMENTS - Cont inued
Au g u s t 31, 20 09
NOTE 9 - ENDOWMENTS - Cont inued NOTE 10 - RETIREMENT PLAN
The Foundation has a defined contribution retirement plan. Employees are eligible for participation in the Plan after reaching 21 years of age and upon completion of one year of service. Under the provisions of the Plan, eligible employees may elect to defer a percentage of their salary subject to certain IRC limitations. The Foundation matches employee contributions up to 4% of the employee’s salary. Foundation contributions to the Plan for the year ended August 31, 2009 were $36,844.
NOTE 11 - TEMPORARILY RESTRICTED NET ASSETS
Temporarily restricted net assets in the amount of $185,963 (including pledges receivable of $185,305) are available for the following purposes at August 31, 2009:
Wish grant ing $ 108,752
Time res tr ic t ions 77,211
$ 185,963
NOTE 12 - SUBSEqUENT EVENTS
Effective August 31, 2009, the Foundation adopted the provisions of FASB Statement No. 165, Subsequent Events (SFAS 165), which established principles and requirements for subsequent events and applies to accounting for and disclosure of subsequent events not addressed in other applicable generally accepted accounting principles. The Foundation evaluated events subsequent to August 31, 2009 and through March 31, 2010, the date on which the financial statements were available for issuance.
NOTES TO FINANCIAL STATEMENTS - Cont inued
Au g u s t 31, 20 09