Tears 4 Joy Inc
- Assets
- $684.8k
- Revenue
- $10.2k
- Investments
- $577.0k
- Employees
- 0
- Location
- Basking Ridge, NJ
- Founding
- 05/2019
- Data as of
- 12/2022
- EIN
- 81-4639892
Organization Overview
Tears 4 Joy Inc is located in Basking Ridge, NJ. The organization was established in 2019. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, 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. Tears 4 Joy 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 12/2022, Tears 4 Joy Inc generated $10.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (6.3%) each year. All expenses for the organization totaled $80.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (6.9%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Tears 4 Joy Inc has awarded 57 individual grants totaling $634,493. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PLEASE NOTE, THE FOUNDATION AT TIMES MAY BE INVOLVED DIRECT CHARITABLE ACTIVITIES. ITS PRIMARY PURPOSE IS TO PROVIDE SUPPORT TO OTHER CHARITABLE ORGANIZATIONS EXEMPT UNDER INTERNAL REVENUE CODE SECTION 501(C)3.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terence P Conley President | 1 | $0 | |
Sean Conley Treasurer | 1 | $0 | |
Barbara A Conley Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $10,170 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $10,170 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $114 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $235 |
| Total operating and administrative expenses | $349 |
| Contributions, gifts, grants paid | $80,500 |
| Total expenses and disbursements | $80,849 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $107,838 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $684,827 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Tears 4 Joy Inc has awarded $80,500 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
DIOCESE OF METUCHEN PURPOSE: 07/05/22AMEXCHARITABLE PURPOSES | $25,000 |
ST JAMES CATHOLIC CHURCH PURPOSE: CHECK 101206/21/22CHARITABLE PURPOSES | $25,000 |
HOPE THROUGH EDUCATION PURPOSE: 10/19/22AMEXCHARITABLE PURPOSES | $10,000 |
Mendham, NJ PURPOSE: 09/08/22AMEXCHARITABLE PURPOSES | $7,500 |
ORATORY PREP PURPOSE: 09/27/22AMEXCHARITABLE PURPOSES | $5,000 |
BONNIE BRAE SCHOOL PURPOSE: 10/04/22AMEXCHARITABLE PURPOSES | $4,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Selz Foundation New York, NY | $142,395,054 | $24,456,334 |
Rita Allen Foundation Princeton, NJ | $219,012,203 | $23,878,841 |
The Derfner Foundation New York, NY | $158,472,968 | $13,106,656 |
Jill Roberts Charitable Foundation Inc Garden City, NY | $11,485 | $9,710,793 |
James And Merryl Tisch Foundation Inc New York, NY | $1,291,425 | $11,020,609 |
Tortuga Foundation New York, NY | $110,168,381 | $33,186,414 |
The Joseph H Flom Foundation New York, NY | $6,836,169 | $3,314,736 |
Head & Heart Foundation Tr Wilmington, DE | $258,907,072 | $16,871,801 |
The Applebaum Foundation Inc New York, NY | $229,643,281 | $16,929,047 |
Deutsche Bank Americas Foundation New York, NY | $38,867,163 | $11,020,529 |
Charles A Dana Fdn Inc New York, NY | $248,257,333 | $20,769,847 |
The Powder Mill Foundation York, PA | $147,181,195 | $3,651,780 |