The Joy Fund Foundation

Organization Overview

The Joy Fund Foundation is located in Norfolk, VA. The organization was established in 1971. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Joy Fund Foundation 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 07/2024, Joy Fund Foundation generated $215.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (4.2%) each year. All expenses for the organization totaled $193.6k during the year ending 07/2024. As we would expect to see with falling revenues, expenses have declined by (4.9%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2024

Describe the Organization's Mission:

Part 3 - Line 1

THE FOUNDATION SPONSORS A YEAR ROUND FUNDRAISING CAMPAIGN TO PROVIDE TOYS TO NEEDY CHILDREN

Describe the Organization's Program Activity:

Part 3 - Line 4a

CONTRIBUTIONS ARE SOLICITED THROUGH THROUGH NEWSPAPER, RADIO, AND TELEVSION APPEALS. THE FOUNDATION HAS ESTABLISHED A RELATIONSHIP WITH SALVATION ARMY WHEREBY THE TOYS ARE DISTRIBUTED THROUGH REFERALS OBTAINED FROM CHURCHES, SCHOOLS, AND WELFARE AGENCIES. THE SALVATION ARMY ORDERS AND DISTRIBUTES THE TOYS TO THOSE IN NEED. THIS RELATIONSHIP BEGAN IN JULY 31, 2003 FISCAL YEAR.


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Board, Officers & Key Employees

Name (title)Compensation
Mark Quan
President
$0
Alan Levenstein
Vice President
$0
Danielle M Rodier
Treasurer
$0
Thomas W Ambler
Secretary
$0
Major Donald Dohman
Director
$0
Connie Reutt
Director
$0

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$215,014
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$215,014
Total Program Service Revenue$0
Investment income $27
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $215,041

Grants Awarded

Over the last fiscal year, The Joy Fund Foundation has awarded $174,964 in support to 3 organizations.

Grant RecipientAmount

SALVATION ARMY-TIDEWATER AREA

PURPOSE: To provide toys to needy children

$131,964

SALVATION ARMY-WILLIAMSBURG

PURPOSE: To provide toys to needy children

$21,500

SALVATION ARMY-VA PENINSULA

PURPOSE: To provide toys to needy children

$21,500
View Grant Profile

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