FY 2009 - kintera.org56360A76-961F-4F75-858A-280CED494E7E}/MA… · 4.2% 17.3% 46.2% 19.2% 16.6%...

FY 2009Annual Report

Greater Bay Area Make-A-Wish Foundat ion®


1

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


2

• 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%


4


5

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


6


7

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


8


9

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


$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


10


11

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


12


13


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)


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.


14


15

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



16


17

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


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



18


19

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


20


21

(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.


Au g u s t 31, 20 09



Au g u s t 31, 20 09


(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


22


23


Au g u s t 31, 20 09


( 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).


Au g u s t 31, 20 09



24


25

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).


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)


Au g u s t 31, 20 09

NOTE 3 - CASH AND CASH EqUIVALENTS AND INVESTMENTS - Cont inued


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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.


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.


Au g u s t 31, 20 09


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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


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


Au g u s t 31, 20 09

NOTE 9 - ENDOWMENTS - Cont inued


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(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.


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.


Au g u s t 31, 20 09

Greater Bay Area Make-A-Wish Foundation®

55 hawthorne Street, Suite 800, San Francisco, CA 94105

415.982.9474 | www.SFWish.org

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