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← WISH OF A LIFETIME

Form 990 for tax year 2022

Filed by WISH OF A LIFETIME.

Totals

Total revenue
$3,476,215
Total expenses
$3,004,872
Contributions and grants received
$3,453,841
Grants paid
$500
Program service revenue
$0
Investment income
$22,374
Other revenue
$0
Total assets, end of year
$2,634,392
Total liabilities, end of year
$536,149
Net assets or fund balances, end of year
$2,098,243
Program services expenses (Part IX)
$2,425,460
Management and general expenses
$379,073
Fundraising expenses
$200,339
Program service expenses (Part III)
$2,425,460

Program services were 80.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $30,645

  • 1d · Related organizations

    $2,111,633

  • 1f · All other contributions, gifts and grants

    $1,311,563

  • 1g · Noncash contributions included above

    $8,734

  • 3 · Investment income

    total $22,374 · excluded $22,374

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $500 · program services $500

  • 5 · Compensation of officers, directors and key employees

    total $224,448 · program services $44,890 · management and general $89,779 · fundraising $89,779

  • 7 · Other salaries and wages

    total $1,282,116 · program services $1,112,057 · management and general $121,773 · fundraising $48,286

  • 8 · Pension plan contributions

    total $38,394 · program services $33,917 · management and general $3,556 · fundraising $921

  • 9 · Other employee benefits

    total $165,021 · program services $123,872 · management and general $23,786 · fundraising $17,363

  • 10 · Payroll taxes

    total $100,611 · program services $77,194 · management and general $14,548 · fundraising $8,869

  • 11g · Fees: other

    total $134,275 · program services $64,787 · management and general $69,488

  • 12 · Advertising and promotion

    total $203,185 · program services $202,762 · management and general $423

  • 13 · Office expenses

    total $11,866 · program services $2,380 · management and general $9,486

  • 14 · Information technology

    total $88,186 · program services $71,270 · management and general $9,680 · fundraising $7,236

  • 16 · Occupancy

    total $372 · management and general $372

  • 17 · Travel

    total $68,429 · program services $49,674 · management and general $14,872 · fundraising $3,883

  • 22 · Depreciation, depletion and amortization

    total $12,868 · management and general $12,868

  • 24a · Other expenses: Wishes & other program

    total $592,084 · program services $574,084 · fundraising $18,000

  • 24b · Other expenses: Volunteer expenses

    total $39,343 · program services $39,250 · management and general $93

  • 24c · Other expenses: Telecommunication expen

    total $30,397 · program services $25,402 · management and general $4,995

  • 24d · Other expenses: Printing & postage

    total $7,056 · program services $3,421 · management and general $2,489 · fundraising $1,146

  • 24e · All other expenses

    total $5,721 · management and general $865 · fundraising $4,856

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $24,992 · end of year $83,255

  • 2 · Savings and temporary cash investments

    beginning of year $1,633,871 · end of year $2,148,011

  • 3 · Pledges and grants receivable

    beginning of year $133,861 · end of year $314,514

  • 4 · Accounts receivable

    beginning of year $131,877

  • 10a · Land, buildings and equipment: cost or other basis

    $107,510

  • 10b · Land, buildings and equipment: accumulated depreciation

    $18,898

  • 10c · Land, buildings and equipment, net

    beginning of year $84,429 · end of year $88,612

  • 17 · Accounts payable and accrued expenses

    beginning of year $382,130 · end of year $536,149

  • 27 · Net assets without donor restrictions

    beginning of year $1,626,900 · end of year $2,098,243

Mission and programs · 2022

Mission

Wish of a Lifetime's (WOL) mission is to shift the way society views and values our oldest generations by fulfilling older adults' dreams and sharing their stories to inspire those of all ages.

Activities or mission (Part I)

Shift how society values older adults by granting and sharing their lifelong wishes.

  • We envision a world in which society embraces aging and the inherent wisdom that accompanies it, where older adults are celebrated for their accomplishments and sacrifices, and where intergenerational connections are part of our daily lives. Wishes connect older adults to people, purpose, and passions to eliminate feelings of isolation and help them live vibrant, purposeful lives. Wishes are a catalyst to share our recipients incredible and inspiring stories that we believe break down generational boundaries and empower our recipients to once again discover their purpose and passion in life.

    Expenses $2,425,460 · Grants $500

As filed on the 2022 return.

Listed in Part VII

  • Jeremy Bloom

    Board Chair

    Total calculated
    $150,000
    From this org
    $0
    From related orgs
    $150,000
    Other
    $0
    Hours/week
    2
  • Michael R Wasserman

    Vice Chair

    Total calculated
    $0
    Hours/week
    1
  • Eric Chess

    Director

    Total calculated
    $0
    Hours/week
    1
  • Kent McGlincy

    Director

    Total calculated
    $0
    Hours/week
    1
  • Scott M Frisch

    Director & AARP EVP - COO

    Total calculated
    $862,079
    From this org
    $0
    From related orgs
    $772,971
    Other
    $89,108
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $570,546 related
    Bonus
    $0 + $197,183 related
    Other
    $0 + $5,242 related
    Deferred
    $0 + $65,148 related
    Nontaxable benefits
    $0 + $23,960 related
    Filer's total
    $0 + $862,079 related
  • Eric Hirschberg

    Director

    Total calculated
    $0
    Hours/week
    1
  • Laurie Schadegg Thomas

    Director

    Total calculated
    $0
    Hours/week
    1
  • Karen Mercer

    Treasurer & AARP SVP

    Total calculated
    $503,056
    From this org
    $0
    From related orgs
    $411,055
    Other
    $92,001
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $331,191 related
    Bonus
    $0 + $72,262 related
    Other
    $0 + $7,602 related
    Deferred
    $0 + $65,148 related
    Nontaxable benefits
    $0 + $26,853 related
    Filer's total
    $0 + $503,056 related
  • Sarah Shaw

    Secretary & AARP SVP

    Total calculated
    $429,019
    From this org
    $0
    From related orgs
    $349,193
    Other
    $79,826
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $278,583 related
    Bonus
    $0 + $65,235 related
    Other
    $0 + $5,375 related
    Deferred
    $0 + $65,148 related
    Nontaxable benefits
    $0 + $14,678 related
    Filer's total
    $0 + $429,019 related
  • Thomas Wagenlander

    Executive Director

    Total calculated
    $258,579
    From this org
    $200,834
    From related orgs
    $0
    Other
    $57,745
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $172,944
    Bonus
    $23,665
    Other
    $4,225
    Deferred
    $7,864 + $34,131 related
    Nontaxable benefits
    $15,750
    Filer's total
    $224,448 + $34,131 related
  • Steven Glaser

    Director, Wish Program

    Total calculated
    $142,447
    From this org
    $110,843
    From related orgs
    $0
    Other
    $31,604
    Hours/week
    40
  • Jared Bloomfield

    Director, Field Program

    Total calculated
    $138,768
    From this org
    $107,845
    From related orgs
    $0
    Other
    $30,923
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I, Line 5
Wish of a Lifetime participates in AARP's enterprise-wide compensation plan. Under that compensation plan, numerous organizational factors are considered in employee compensation, one of which is gross revenue.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • AARP (consolidated)

    501(c)(4) · Social welfare organization dedicated to persons over age 50 · DC

  • AARP Foundation

    501(c)(3) · Foundation dedicated to persons over 50 at social and economic risk · DC

    Directly controlled by AARP

  • Legal Counsel for the Elderly

    501(c)(3) · Provides free or low cost legal assistance and education to DC elderly · DC

    Directly controlled by AARP

  • AARP Insurance Plan

    501(c)(4) · Grantor trust holding certain AARP group health insurance policies · DC

    Directly controlled by AARP

  • Older Adults Technology Services

    501(c)(3) · Dedicated to harness the power of technology to change to way we age · NY

    Directly controlled by AARP

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • AARP Financial Services Corporation

    C · Real estate holding company · DE

    Directly controlled by AARP

  • AARP Services Inc (consolidated)

    C · Quality control and research · DE

    Directly controlled by AARP

Provenance

Return type
form_990
Tax year
2022
Filed
18 October 2023
IRS schema version
2022v5.0
Source object
202332939349300408

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