Twilight Wish Foundation meets the 20 Standards for Charity Accountability.
Twilight Wish Foundation (TWF) reports that it seeks to impact cultural behavior by inspiring the way society views aging and the elderly. The organization grants wishes to economically disadvantaged seniors aged 65 years and older. Granted wishes may fulfill an immediate need or a life long dream. Immediate needs include requests for furniture, appliances, household items, hearing aids, dentures, and lift chairs. In 2020, TWF states that it granted wishes to 313 seniors.
For the year ended June 30, 2020, Twilight Wish Foundation's program expenses were:
Program services |
$260,796 |
Total Program Expenses: |
$260,796 |
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Chief Executive
Catherine Forkin, Chief Visionary Officer
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Compensation*
$475
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Chair of the Board
James Ciervo
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Chair's Profession / Business Affiliation
Therapeutic Recreation Director, Water's Edge Nursing and Rehabilitation Center
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Board Size
5
-
Paid Staff Size
3
*2019 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Note: Mary Farrell, Director of Community Relations, was the highest compensated employee, receiving $13,540 in compensation.
Method(s) Used:
Direct mail appeals, Grant proposals, Internet, Invitations to fund raising events, Planned giving arrangements
Fundraising costs were 2% of related contributions. (Related contributions, which totaled $661,630 are donations received as a result of fundraising activities.)
This organization is tax-exempt under section 501(c) (3) of the Internal Revenue Code.It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on Twilight Wish Foundation's audited financial statements for the year ended June 30, 2020.
Source of Funds |
Contributions |
$384,500 |
In-kind contributions |
$168,050 |
Grants |
$82,350 |
Special events, net |
$26,730 |
Interest income |
$173 |
Total Income |
$661,803 |
- Programs: 82%
- Administrative: 14%
- Fundraising: 4%
Total Income |
$661,803 |
Program expenses |
$260,796 |
Fundraising expenses |
$14,918 |
Administrative expenses |
$43,232 |
Other expenses |
$0 |
Total expenses: |
$318,946 |
Income in Excess of Expenses |
$342,857 |
Beginning Net Assets |
$147,097 |
Other Changes In Net Assets |
$0 |
Ending Net Assets |
$489,954 |
Total Liabilities |
$39,981 |
Total Assets |
$529,935 |
Note: According to TWF's audited financial statements for the year ended June 30, 2020, the organization received $168,050 in contributed goods and services including donated services ($155,590) and medical and other supplies ($12,460).