The Toy Foundation Inc
- Assets
- $4.2m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 05/1964
- Data as of
- 12/2021
- 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 12/2021, Toy Foundation Inc generated $3.4m 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 (17.1%) each year. All expenses for the organization totaled $4.1m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (14.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Toy Foundation Inc has awarded 677 individual grants totaling $194,500,664. 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
2021
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. MILLIONS OF BRAND-NEW TOYS ARE DONATED EACH YEAR TO THE TOY BANK BY TOY MANUFACTURERS, DISTRIBUTORS, LICENSORS AND RETAILERS. THE FOUNDATION DISTRIBUTES THEM, WITH LOGISTICAL ASSISTANCE FROM DELIVERING GOOD, GEAR THE WORLD AND WORLD VISION, TO CHARITIES SERVING CHILDREN IN POVERTY, KIDS IN HOSPITALS, FOSTER CHILDREN, MILITARY FAMILIES AND CHILDREN SUFFERING IN THE WAKE OF NATURAL DISASTERS. THE FOUNDATION SERVED NEARLY ONE MILLION CHILDREN IN NEED AROUND THE WORLD IN 2021 THROUGH MORE THAN 25 CHILDREN'S CHARITIES ACROSS THE COUNTRY.
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.
THE TOY FOUNDATION'S PUBLIC SERVICE ANNOUNCEMENTS, RUN IN PARTNERSHIP WITH THE GENIUS OF PLAY, GENERATED OVER 658 MILLION AUDIENCE IMPRESSIONS AND MORE THAN $35.2 MILLION IN DONATED MEDIA VALUE. THE "WORLDWIDE HEADQUARTERS OF PLAY" CAMPAIGN AND THE "DEAR PARENTS" CAMPAIGN TOGETHER HAD OVER 102,000 AIRINGS IN THE TOP MARKETS OF NEW YORK, LOS ANGELES, CHICAGO, PHILADELPHIA, DALLAS, HOUSTON, BOSTON, ATLANTA AND TAMPA AS WELL AS MANY OTHER MARKETS ACROSS THE UNITED STATES. ALL EXPENSES FOR THIS PROGRAM WERE FROM DONATED SERVICES, SO NO EXPENSES FOR IT WERE REPORTED ON THE ABOVE EXPENSE LINE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pamela Mastrota Executive Director | Officer | 37.5 | $140,462 |
Andrew Weiner Chair | OfficerTrustee | 3 | $0 |
Voin Todorovic Treasurer | OfficerTrustee | 2 | $0 |
Paul Vitale Chief Financial Officer | Officer | 3 | $0 |
Kathleen Campisano Trustee | Trustee | 2 | $0 |
Michael Keaton Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $313,000 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,770,913 |
| Noncash contributions included in lines 1a–1f | $2,680,582 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,083,913 |
| Total Program Service Revenue | $0 |
| Investment income | $46,142 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $344,617 |
| Net Income from Fundraising Events | -$84,917 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,389,755 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,388,902 |
| 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. | $175,791 |
| Compensation of current officers, directors, key employees. | $43,948 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $283,281 |
| Pension plan accruals and contributions | $3,280 |
| Other employee benefits | $29,499 |
| Payroll taxes | $20,727 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,927 |
| Fees for services: Accounting | $14,295 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,923 |
| Fees for services: Other | $102,408 |
| 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 | $12,470 |
| Total functional expenses | $4,050,503 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,109,585 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,250 |
| 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 | $107,133 |
| Net Land, buildings, and equipment | $30,560 |
| Investments—publicly traded securities | $2,950,678 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25,429 |
| Total assets | $4,233,635 |
| Accounts payable and accrued expenses | $16,814 |
| Grants payable | $0 |
| Deferred revenue | $113,015 |
| 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 | $0 |
| Total liabilities | $129,829 |
| Net assets without donor restrictions | $4,103,806 |
| 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 | $4,233,635 |
Grants Awarded
Over the last fiscal year, The Toy Foundation Inc has awarded $3,383,270 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
Oklahoma City, OK PURPOSE: GENERAL SUPPORT | $802,872 |
Federal Way, WA PURPOSE: GENERAL SUPPORT | $551,876 |
Cleveland, TN PURPOSE: GENERAL SUPPORT | $295,347 |
Washington, DC PURPOSE: GENERAL SUPPORT | $240,954 |
Dearborn Heights, MI PURPOSE: GENERAL SUPPORT | $144,549 |
St Louis, MO PURPOSE: GENERAL SUPPORT | $140,617 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that The Toy Foundation Inc has recieved totaling $22,500.
| Awarding Organization | Amount |
|---|---|
The Toy Association Inc New York, NY PURPOSE: SUPPORT PHILANTHROPIC WORK OF FOUNDATION | $21,000 |
The Corky And Rick Steiner Family Foudation Cincinnati, OH PURPOSE: UNRESTRICTED | $1,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Telecom Infra Project Inc Wakefield, MA | $19,363,144 | $19,879,167 |
Northeast Gas Association Inc Needham, MA | $15,830,312 | $17,592,560 |
International Trademark Association Inc New York, NY | $31,452,258 | $17,397,846 |
American Association Of Advertising Agencies Inc New York, NY | $18,840,338 | $16,325,912 |
Northeast Power Coordinating Council Inc New York, NY | $13,480,521 | $16,289,125 |
The Toy Association Inc New York, NY | $44,631,259 | $11,487,921 |
Philadelphia Industrial Development Corp Philadelphia, PA | $40,435,799 | $13,493,986 |
Private Label Manufacturers Association New York, NY | $11,255,640 | $8,374,810 |
Pocono Mountains Vacation Bureau Inc Stroudsburg, PA | $11,737,684 | $15,325,542 |
Mohawk Valley Health System Utica, NY | $546,149,518 | $137,473,732 |
Acord Corporation Pearl River, NY | $47,591,189 | $27,875,680 |
National Kitchen & Bath Assoc Bethlehem, PA | $28,104,693 | $9,331,415 |