Joy To The World Foundation
- Assets
- $19.7m
- Revenue
- $4.2m
- Investments
- $405.3k
- Employees
- 3
- Location
- Colorado Springs, CO
- Founding
- 08/2003
- Data as of
- 12/2021
- EIN
- 72-1551621
Organization Overview
Joy To The World Foundation is located in Colorado Springs, CO. The organization was established in 2003. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. As of 12/2021, Joy To The World Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Joy To The World 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 12/2021, Joy To The World Foundation generated $4.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $3.5m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Joy To The World Foundation has awarded 17 individual grants totaling $520,315. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
INDIVIDUALS, WHO HAVE BEEN BLESSED FINANCIALLY, CAN ACCOMPLISH THEIR CHARITABLE OBJECTIVES IN THE AREAS OF RELIGIOUS, SCIENTIFIC, HEALTH, EDUCATION AND BENEVOLENCE THROUGH THE FOUNDATION.
Describe the Organization's Program Activity:
TO HELP INDIVIDUALS ACCOMPLISH THEIR CHARITABLE OBJECTIVES IN RELIGIOUS, EDUCATIONAL, SCIENTIFIC, BENEVOLENT AND HEALTH RELATED ACTIVITIES.
TO HELP INDIVIDUALS ACCOMPLISH THEIR CHARITABLE OBJECTIVES IN RELIGIOUS, EDUCATIONAL, SCIENTIFIC, BENEVOLENT AND HEALTH RELATED ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
V William Moritz Board President | OfficerTrustee | 25 | $60,000 |
Chris Rosenhahn Secretary/treasurer | Officer | 20 | $12,000 |
Everett A Walters Director | Trustee | 1 | $0 |
Steve Merriman Director | Trustee | 1 | $0 |
Richard Haynie Director | Trustee | 1 | $0 |
Kim Takkunen Director | Trustee | 1 | $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 | $3,864,455 |
| Noncash contributions included in lines 1a–1f | $634,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,864,455 |
| Total Program Service Revenue | $273,999 |
| Investment income | $75,400 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $28,507 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,242,361 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $54,744 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $72,000 |
| Compensation of current officers, directors, key employees. | $50,400 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $44,350 |
| Pension plan accruals and contributions | $12,000 |
| Other employee benefits | $44,421 |
| Payroll taxes | $5,299 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $55,313 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,685 |
| Information technology | $1,830 |
| Royalties | $0 |
| Occupancy | $50,466 |
| Travel | $3,435 |
| 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 | $33,409 |
| Total functional expenses | $3,540,531 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $368,929 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $550,000 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $592,651 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $24,145 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $289,379 |
| Investments—other securities | $405,331 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $17,451,753 |
| Total assets | $19,682,188 |
| Accounts payable and accrued expenses | $3,908 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $17,393,639 |
| 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 | $58,114 |
| Total liabilities | $17,455,661 |
| Net assets without donor restrictions | $1,755,119 |
| Net assets with donor restrictions | $471,408 |
| 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 | $19,682,188 |
Grants Awarded
Over the last fiscal year, Joy To The World Foundation has awarded $278,731 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Colorado Springs, CO PURPOSE: PROGRAM SUPPORT | $263,731 |
Denver, CO PURPOSE: PROGRAM SUPPORT | $15,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Joy To The World Foundation has recieved totaling $2,569,765.
| Awarding Organization | Amount |
|---|---|
The New Horizons Foundation Inc Colorado Springs, CO PURPOSE: PROGRAM SUPPORT | $2,563,435 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $6,080 |
Tankersley Family Foundation Wilmington, DE PURPOSE: CHARITABLE EVENT | $250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kathleen S Craft Foundation Tulsa, OK | $94,596,287 | $6,487,856 |
Joy To The World Foundation Colorado Springs, CO | $19,682,188 | $4,242,361 |
Southeastern Arizona Community Action Program Inc Safford, AZ | $455,386 | $2,811,093 |
Another Round Another Rally Phoenix, AZ | $1,059,733 | $1,710,638 |
Phoenix Suns Charities Inc Phoenix, AZ | $1,755,436 | $2,395,370 |
Vivint Gives Back Provo, UT | $1,105,796 | $2,149,372 |
Early Milestones Colorado Denver, CO | $1,699,059 | $1,648,008 |
Saguache County Community Council Center, CO | $3,125,194 | $1,411,274 |
Faithworks Of The Inner City Inc Oklahoma City, OK | $3,919,739 | $1,885,777 |
Lubirds Light Foundation Denver, CO | $140,980 | $761,763 |
Woodford Manufacturing Charities Inc Colorado Springs, CO | $20,240 | $651,324 |
Sunshine Angels Peoria, AZ | $580,665 | $762,626 |