The Toy Foundation Inc
- Assets
- $3.3m
- Revenue
- $6.9m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 05/1964
- Data as of
- 12/2023
- EIN
- 13-6161457
Organization Overview
The Toy Foundation Inc is located in New York, NY. The organization was established in 1964. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Toy Foundation 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 12/2023, Toy Foundation Inc generated $6.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.2%) each year. All expenses for the organization totaled $7.6m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (5.9%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Toy Foundation Inc has awarded 679 individual grants totaling $162,469,749. 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
THE TOY FOUNDATION'S MISSION IS TO BRING JOY, COMFORT, AND LEARNING TO CHILDREN IN NEED THROUGH THE EXPERIENCE OF TOYS AND PLAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TOY BANK IS THE FOUNDATION'S SIGNATURE PROGRAM DELIVERING PLAY TO CHILDREN IN NEED, THE TOY BANK IS THE TOY INDUSTRY'S YEAR-ROUND CORPORATE SOCIAL RESPONSIBILITY AND INVENTORY MANAGEMENT SOLUTION FOR PRODUCT DONATIONS. THE FOUNDATION COLLECTS DONATIONS FROM MANUFACTURERS, RETAILERS, AND DISTRIBUTORS, AND DISTRIBUTES THEM TO CHILDREN'S CHARITIES NATIONWIDE AND ACROSS THE GLOBE.
DIVERSITY, EQUITY & INCLUSION
THE TOY FOUNDATION'S EMERGENCY GRANTS PROGRAM BRINGS THE HEALING POWER OF PLAY TO CHILDREN AND FAMILIES IN THE WAKE OF NATURAL DISASTERS, DOMESTIC UPHEAVAL AND OTHER HUMANITARIAN CRISES.
THE TOY FOUNDATION CREATED THE CHILDREN'S HOSPITAL PLAY GRANTS PROGRAM TO BRING THE HEALING POWER OF PLAY TO CHILDREN IN HOSPITAL SETTINGS, ESPECIALLY THOSE IN UNDERSERVED COMMUNITIES.UNDERGOING COMPLICATED MEDICAL PROCEDURES, FACING LIFE-THREATENING ILLNESSES AND INJURIES, AND FEELING ISOLATED AND HELPLESS ARE COMMON EXPERIENCES FOR CHILDREN AND THEIR FAMILIES IN HEALTHCARE SETTINGS. ACCESS TO PLAY CAN HELP RELIEVE THIS STRESS, CREATE EASE, AND HAVE AN OVERALL POSITIVE IMPACT ON CHILDREN'S RELATIONSHIPS AND WELL-BEING.THE CHILDREN'S HOSPITAL PLAY GRANTS PROGRAM DISTRIBUTES GRANTS TO CHILDREN'S HOSPITALS THROUGHOUT THE UNITED STATES TO ENABLE THEM TO CREATE STIMULATING AND CALMING SENSORY EXPERIENCES; OFFER IN-ROOM TECHNOLOGY TO BROADCAST PLAY ACTIVITIES; UPGRADE WAITING AREAS; ASSEMBLE THERAPEUTIC PLAY KITS; AND MORE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Glenn Abell Chair | OfficerTrustee | 2 | $0 |
Voin Todorovic Treasurer | OfficerTrustee | 2 | $0 |
Andrew Weiner Trustee | Trustee | 2 | $0 |
Kathleen Campisano Trustee | Trustee | 2 | $0 |
Michael Keaton Trustee | Trustee | 2 | $0 |
Jamie Cygielman Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cirpriani Event Venue | 12/30/23 | $260,641 |
Bcl Entertainment Event Planner | 12/30/23 | $104,360 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $366,605 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,452,031 |
| Noncash contributions included in lines 1a–1f | $6,215,443 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,818,636 |
| Total Program Service Revenue | $0 |
| Investment income | $79,441 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $27,054 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,925,131 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,595,496 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $358,462 |
| Compensation of current officers, directors, key employees. | $187,458 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $330,002 |
| Pension plan accruals and contributions | $16,645 |
| Other employee benefits | $30,557 |
| Payroll taxes | $46,473 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,525 |
| Fees for services: Accounting | $16,929 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,680 |
| Fees for services: Other | $29,050 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $7,592,026 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $260,015 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $184,990 |
| 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 | $11,711 |
| Net Land, buildings, and equipment | $2,351 |
| Investments—publicly traded securities | $2,839,358 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,298,425 |
| Accounts payable and accrued expenses | $55,441 |
| Grants payable | $380,053 |
| Deferred revenue | $0 |
| 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 | $0 |
| Other liabilities | $114,083 |
| Total liabilities | $549,577 |
| Net assets without donor restrictions | $2,748,848 |
| 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 | $3,298,425 |
Grants Awarded
Over the last fiscal year, The Toy Foundation Inc has awarded $6,594,996 in support to 37 organizations.
| Grant Recipient | Amount |
|---|---|
A TOUCH OF KINDNESS WAREHOUSE PURPOSE: GENERAL SUPPORT | $11,261 |
ADVOCATE CHILDREN'S HOSPITAL PURPOSE: BRING THE HEALING POWER OF PLAY TO CHILDREN IN HOSPITAL SETTINGS | $25,000 |
ADVENTHEALTH TAMPA PURPOSE: BRING THE HEALING POWER OF PLAY TO CHILDREN IN HOSPITAL SETTINGS | $8,000 |
BROOKLYN YOUTH ENRICHMENT PURPOSE: GENERAL SUPPORT | $56,016 |
CARILION CHILDREN'S PURPOSE: BRING THE HEALING POWER OF PLAY TO CHILDREN IN HOSPITAL SETTINGS | $8,500 |
ARKANSAS CHILDREN'S PURPOSE: BRING THE HEALING POWER OF PLAY TO CHILDREN IN HOSPITAL SETTINGS | $11,000 |