Joy Of Giving Something Inc
- Assets
- $49.3m
- Revenue
- $5.1m
- Investments
- $29.0m
- Employees
- 0
- Location
- Syracuse, NY
- Founding
- 07/1999
- Data as of
- 12/2021
- EIN
- 13-4033237
Organization Overview
Joy Of Giving Something Inc is located in Syracuse, NY. The organization was established in 1999. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Joy Of Giving Something Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Joy Of Giving Something Inc generated $5.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.5%) each year. All expenses for the organization totaled $2.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Joy Of Giving Something Inc has awarded 48 individual grants totaling $1,259,286. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS: THE FOUNDATION PROVIDES GRANTS TO IRC SECTION 501(C)(3) ORGANIZATIONS WHICH SUPPORT PHOTOGRAPHERS.
SCHOLARSHIPS: THE FOUNDATION PROVIDES GRANTS TO IRC SECTION 501(C)(3) EDUCATIONAL INSTIUTIONS WITH A FOCUS ON PHOTOGRAPHY TO FUND SCHOLARSHIPS FOR NEW ARTISTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janet Stein President/dir/treas Till 03/07/21 | 0 | $0 | |
Jeffrey Hoone President/dir/treas From 04/06/21 | 0 | $0 | |
Gordon G Davis ESQ Director | 0 | $0 | |
Tom Coash Director | 0 | $0 | |
Nina E Stone ESQ Secretary/director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $12 |
| Dividends & Interest | $664,398 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,466,612 |
| Capital Gain Net Income | $4,466,612 |
| Net ST Capital Gain | $323,935 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $618 |
| Total Revenue | $5,131,640 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $134,400 |
| Pension plans, employee benefits | $17,797 |
| Interest | $0 |
| Taxes | $35,950 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $232,810 |
| Total operating and administrative expenses | $712,672 |
| Contributions, gifts, grants paid | $1,259,286 |
| Total expenses and disbursements | $1,971,958 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $392,136 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $3,832,499 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $19,846,112 |
| Total assets | $49,260,866 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $50,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $16,038 |
| Total liabilities | $66,038 |
Grants Awarded
Over the last fiscal year, Joy Of Giving Something Inc has awarded $1,259,286 in support to 48 organizations.
| Grant Recipient | Amount |
|---|---|
Syracuse, NY PURPOSE: TO SUPPORT SCHOLARSHIP PROGRAM | $140,000 |
New York, NY PURPOSE: TO SUPPORT SCHOLARSHIP PROGRAM | $105,000 |
New York, NY PURPOSE: TO SUPPORT SCHOLARSHIP PROGRAM | $75,000 |
Buffalo, NY PURPOSE: TO SUPPORT SCHOLARSHIP PROGRAM | $55,000 |
EN FOCO INC PURPOSE: TO SUPPORT SCHOLARSHIP PROGRAM | $55,000 |
Houston, TX PURPOSE: TO SUPPORT SCHOLARSHIP PROGRAM | $55,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Art Students League Of New York New York, NY | $112,886,191 | $14,274,262 |
Saul Steinberg Foundation New York, NY | $2,326,445 | $165,696 |
Studio In A School Association New York, NY | $26,491,871 | $6,228,421 |
Global Disciples Lancaster, PA | $4,481,434 | $6,431,035 |
Harlem School Of The Arts Inc New York, NY | $16,306,795 | $5,380,840 |
Dreamyard Project Inc Bronx, NY | $4,474,380 | $5,509,637 |
Grounds For Sculpture Inc Hamilton, NJ | $36,793,406 | $11,597,062 |
Powerhouse Arts Inc Brooklyn, NY | $187,718,007 | $2,438,930 |
Artists For Humanity Inc Boston, MA | $38,813,967 | $6,181,666 |
American Academy Of Arts And Letters New York, NY | $101,076,393 | $10,417,737 |
The Arts Connection Inc New York, NY | $2,703,336 | $4,972,330 |
Alliance For Young Artists & Writers Inc New York, NY | $7,496,330 | $3,366,982 |