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 07/2022, Joy Fund Foundation generated $196.4k 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 (6.6%) each year. All expenses for the organization totaled $213.7k during the year ending 07/2022. As we would expect to see with falling revenues, expenses have declined by (5.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE FOUNDATION SPONSORS A YEAR ROUND FUNDRAISING CAMPAIGN TO PROVIDE TOYS TO NEEDY CHILDREN. CONTRIBUTIONS ARE SOLICITED THROUGH NEWSPAPER, RADIO, AND TELEVISION APPEALS. THE FOUNDATION HAS ESTABLISHED A RELATIONSHIP WITH THE SALVATION ARMY WHEREBY THE SALVATION ARMY ORDERS AND DISTRIBUTES TOYS THAT ARE PAID FOR BY THE FOUNDATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TOYS WERE DISTRIBUTED TO NEEDY CHILDREN WHOSE NAMES WERE OBTAINED THROUGH REFERRALS FROM CHURCHES, SCHOOLS, AND WELFARE AGENCIES. THE SALVATION ARMY ORDERS AND DISTRIBUTES GOODS WHICH ARE PAID FOR BY THE JOY FUND FOUNDATION. THIS RELATIONSHIP WAS ESTABLISHED BEGINNING IN THE 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
Lt Antiono Willis
Director
$0
Shelley Blankinship
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$196,426
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$196,426
Total Program Service Revenue$0
Investment income $0
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 $196,426

Grants Recieved

Over the last fiscal year, we have identified 1 grants that The Joy Fund Foundation has recieved totaling $15,000.

Awarding OrganizationAmount
Charity Bowl Football Game

Virginia Beach, VA

PURPOSE: Help provide presents to children

$15,000
View Grant Recipient Profile

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