The Toy Association Inc
- Assets
- $33.7m
- Revenue
- $24.0m
- Investments
- $3.5m
- Employees
- 49
- Location
- New York, NY
- Founding
- 02/1918
- Data as of
- 12/2023
- EIN
- 13-5591570
Organization Overview
The Toy Association Inc is located in New York, NY. The organization was established in 1918. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Toy Association Inc employed 49 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Toy Association Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Toy Association Inc generated $24.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $18.3m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Toy Association Inc has awarded 31 individual grants totaling $2,505,728. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO BE A UNIFYING FORCE FOR MEMBERS' CREATIVITY, RESPONSIBILITY, AND GLOBAL SUCCESS, ADVOCATING FOR THEIR NEEDS AND CHAMPIONING THE BENEFITS OF PLAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REPRESENTATION OF THE TOY INDUSTRY IN MATTERS RELATING TO TOY SAFETY, INCLUDING STANDARDS DEVELOPMENT, ENVIRONMENTAL SUSTAINABILITY, MANAGING THE LEGISLATIVE AND REGULATORY ENVIRONMENT AT THE LOCAL, STATE, FEDERAL, AND INTERNATIONAL LEVELS, MARKETING TO CHILDREN, AND PARTNERING WITH INTERNATIONAL ORGANIZATIONS COMMITTED TO THE SAFETY AND WELL-BEING OF FACTORY WORKERS WORLDWIDE.
ORGANIZE, PROMOTE, AND HOLD MAJOR INDUSTRY EVENTS THAT PROMOTE TOYS AND INDUSTRY GROWTH INCLUDING TOY FAIR NEW YORK, TOY OF THE YEAR (TOTY) AWARDS AND INDUSTRY CONFERENCES AS WELL AS PARTICIPATE IN VARIOUS INTERNATIONAL SHOWS AND HONOR TOY HALL OF FAME INDUCTEES.
GENERAL PROMOTION OF TOYS AND THE BENEFITS OF PLAY, CONSUMER EDUCATION, AND MEDIA COVERAGE OF INDUSTRY TRENDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aaron Muderick Chair | OfficerTrustee | 2 | $0 |
Andy Keimach Treasurer | OfficerTrustee | 2 | $0 |
Anne Carrihill Director | Trustee | 2 | $0 |
Chris Harrs Director | Trustee | 2 | $0 |
Michael Keaton Director | Trustee | 2 | $0 |
Andrew Quartin Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wtc-trade Mart Lp Indoor Market Space | 12/30/23 | $130,764 |
Phaedon Icf Next Public Relations | 12/30/23 | $129,200 |
Mcdermott Weaver Connelly Clifford Llp Legal Services | 12/30/23 | $126,648 |
Miller Cespedes Lobbying Services | 12/30/23 | $115,500 |
Locker Greenberg & Brainin Pc Legal Services | 12/30/23 | $103,641 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $22,851,595 |
| Investment income | $620,884 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $5,763 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $384,358 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,965,719 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $148,399 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $132,058 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,701,638 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,920,487 |
| Pension plan accruals and contributions | $327,934 |
| Other employee benefits | $731,733 |
| Payroll taxes | $549,149 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $351,648 |
| Fees for services: Accounting | $42,000 |
| Fees for services: Lobbying | $353,337 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $73,955 |
| Fees for services: Other | $1,183,483 |
| Advertising and promotion | $185,424 |
| Office expenses | $536,945 |
| Information technology | $33,033 |
| Royalties | $0 |
| Occupancy | $1,155,062 |
| Travel | $256,016 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,373,257 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $244,647 |
| Insurance | $172,168 |
| All other expenses | $0 |
| Total functional expenses | $18,304,116 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,619,074 |
| Savings and temporary cash investments | $1,049,464 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $505,210 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $208,249 |
| Net Land, buildings, and equipment | $827,594 |
| Investments—publicly traded securities | $21,915,794 |
| Investments—other securities | $3,501,736 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,030,506 |
| Total assets | $33,657,627 |
| Accounts payable and accrued expenses | $2,474,178 |
| Grants payable | $0 |
| Deferred revenue | $2,322,922 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $500,000 |
| Other liabilities | $5,121,032 |
| Total liabilities | $10,418,132 |
| Net assets without donor restrictions | $23,239,495 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $33,657,627 |
Grants Awarded
Over the last fiscal year, The Toy Association Inc has awarded $141,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
THE TOY FOUNDATION PURPOSE: SUPPORT PHILANTHROPIC WORK OF FOUNDATION | $61,500 |
THE STRONG MUSEUM PURPOSE: SUPPORT WORK OF THE ORGANIZATION | $45,000 |
OTIS COLLEGE PURPOSE: TOY DESIGN SCHOLARSHIPS AND DEPARTMENT SUPPORT | $35,000 |