Mikey's Way Foundation Inc

What it reported doing in 2022

See schedule omikey's way day: a mikey's way day is when we visit select hospitals to distribute wi-fi ready, portable, electronic devices to children undergoing long-term treatment for cancer and other life-threatening illnesses. We go room to room with our "connection cart", meeting each child for an individual one on one experience. The children then pick the electronic device that works best for them. The gift is theirs to keep. We are inspired by our founder's vision to create an atmosphere of hope, excitement and encouragement for patients and their families as they struggle through the misery of long-term treatment.by keeping young minds active in something they enjoy and connected to friends and loved ones, patients are better able to tolerate the physical effects of long-treatment. Internet-ready electronic devices have become a vital tool to help children and teens cope, by providing both diversion and connection. Devices distributed include laptop computers, tablets, ipod touch, etc. These devices can also serve as counseling opportunities for hospital personnel as well as a means to direct care-givers to accurate post-procedure care. The nature of the electronics we distribute allow our mikey's way days to have a lasting impact not only on the patients but on the caregivers and healthcare professionals as well.an added benefit of a mikey's way day is the sense of empowerment it provides to the patient. A recent abstract from the us national library of medicine shows that patient empowerment is a core principle of patient-centered care. Allowing the patient to positively affect his or her own health behavior and health status at a time when so many other parts of their lives are outside of their control can help improve outcomes. The abstract confirms that empowerment interventions may enhance patients' internal locus of control, resilience, coping skills, and self-management of symptoms. A critical component of a mikey's way day is allowing the child to choose the device which they feel will best provide diversion and connection. This empowerment, coupled with the benefits of diversion and connection, positively impacts his/her ability to cope at a time when the child and family are most in need.the experience of a mikey's way day is always therapeutic and often transformational!

Financial Efficiency

• Mission deployment rate: 89.5%; rating input score 89
• Program expense ratio: 81.4%; rating input score 81
• Fundraising efficiency: $19.52 raised per $1 spent on fundraising; rating input score 56; 56th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: 100%; rating input score 100; 81st percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 3 of 8 controls in place; rating input score 38
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Fail
  • Document-retention policy: Fail
  • CEO compensation review process: Fail
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Fail
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: -9.9%; rating input score 24; 24th percentile among comparable filings
• Total-asset coverage ratio: 1.1; rating input score 42; 42nd percentile among comparable filings
• Liabilities to assets ratio: 0; rating input score 82; 82nd percentile among comparable filings
• Officer compensation ratio: 23.9%; rating input score 16; 16th percentile among comparable filings

Growth

• Program expense growth: 3.1% per year; rating input score 100; 51st percentile among comparable filings
• Revenue growth: 2.5% per year; rating input score 100; 44th percentile among comparable filings
• Asset growth: 11.2% per year; rating input score 100; 68th percentile among comparable filings