Formidable Joy
- Assets
- $178.0k
- Revenue
- $217.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 08/2017
- Data as of
- 12/2021
- EIN
- 82-2477103
Organization Overview
Formidable Joy is located in Los Angeles, CA. The organization was established in 2017. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. Formidable Joy 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, Formidable Joy generated $217.6k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $277.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ACCESS TO CLEAN WATER FOR THOSE IN DEVELOPING COUNTRIES (IE. MALAWI, AFRICA). THIS IS ACCOMPLISHED BY DRILLING NEW BOREHOLES, REPAIRING PUMPS AND/OR INSTALLING SOLAR WATER SYSTEMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIWALA SCHOOL. INSTALLED 10,000 LTR SOLAR WATER SYSTEM FOR SCHOOL AND SURROUNDING COMMUNITY. PROJECT INCLUDES A NEWLY DRILLED BOREHOLE, DOUBLE STEEL TANK-STAND FABRICATION, (2) 5,000 LTR WATER TANKS, AND INSTALLATION OF ALL SOLAR COMPONENTS (PUMP, PANELS, CABLES, PIPING). IMPLEMENTED CONSTRUCTION OF TAP-STANDS THROUGHOUT THE SCHOOL AND SURROUNDING COMMUNITIES. RUNNING WATER CAN NOW BE FOUND AT 12 TAPS, A HANDWASHING STATION AND 2 ADDITIONAL TAPS EXTENDED IN THE COMMUNITY. PRIOR TO THIS, THE COMMUNITY WATER SOURCE WAS SO CONGESTED, PEOPLE WOULD LINE UP TO DRAW WATER AS EARLY AS 2:00 AM. 1,400 STUDENTS SERVED (+ SURROUNDING COMMUNITY)
CHALAULA SCHOOL. INSTALLED 5,000 LTR SOLAR WATER SYSTEM FOR A VERY REMOTE PRIMARY SCHOOL AND SURROUNDING VILLAGE. PRIOR TO RECEIVING THE WATER SYSTEM, STUDENTS AND VILLAGERS COLLECTED WATER FROM UNPROTECTED HAND-DUG HOLES AND OR THE LOCAL STREAM. THE PROJECT INCLUDES A NEWLY DRILLED BOREHOLE, FABRICATION OF STEEL TANK-STAND, A 5,000 LTR WATER TANK, INSTALLATION OF ALL SOLAR COMPONENTS (PUMP, PANELS, CABLES, PIPING). RUNNING WATER CAN NOW BE FOUND IN 12 TAPS, INCLUDING INSIDE RESTROOMS, HANDWASHING STATION, SCHOOL TAP, TEACHER'S HOUSING TAP AND 1 TAP EXTENDED INTO THE COMMUNITY. THERE ARE NO OTHER CLEAN WATER SOURCES IN THE AREA OTHER THAN THIS SYSTEM. 262 STUDENTS SERVES + 49 HOUSEHOLDS IN THE VILLAGE
NAMIKATE SCHOOL. INSTALLED 10,000 LTR SOLAR WATER SYSTEM FOR SCHOOL AND SURROUNDING COMMUNITY. THIS VERY LARGE SCHOOL DID NOT HAVE ITS OWN WATER SOURCE. THE SCHOOL SHARED A WATER SOURCE WITH THE NEARBY VILLAGE - A HAND-DUG WELL THAT WAS FITTED WITH A HANDPUMP. SOLAR WATER SYSTEM INCLUDES A NEWLY DRILLED BOREHOLE, (2) 5,000 LTR WATER TANKS, INSTALLATION OF ALL SOLAR COMPONENTS (PUMP, PANELS, CABLES, PIPING, SECURITY FENCING AND BARBWIRE) AND IMPLEMENTATION AND CONSTRUCTION OF TAP-STAND. 1,157 STUDENTS IMPACTED + SURROUNDING VILLAGE
OTHER PROGRAM SERVICE EXPENSES. DIRECT PROJECT EXPENSES. $203,381 - THIS INCLUDES DRILLING, INSTALLATION OF SOLAR PUMPS AND PANELS, ETC., AND REPRESENTS 95.3% OF OTHER PROGRAM SERVICE EXPENSES. $10,090 WAS ALLOCATED FOR TRAVEL (4.7%). THE REMAINING $44 WAS FOR BANK WIRE FEES DIRECTLY RELATED TO THE PROJECTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia Harnist Rood Executive Director | OfficerTrustee | 50 | $0 |
Bonnie Darrow Treasurer | Officer | 3 | $0 |
Sapna Abrol Secretary | Officer | 1 | $0 |
Amy Robinson Board Member | 1 | $0 | |
Karinn Sammann Board Member | 1 | $0 | |
Lisa Vebber Board Member | 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 | $215,553 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $215,553 |
| Total Program Service Revenue | $2,000 |
| 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 | $217,580 |
| 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 | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $2,620 |
| Fees for services: Legal | $1,113 |
| 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 | $262,309 |
| Advertising and promotion | $926 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $10,090 |
| 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 | $44 |
| Total functional expenses | $277,102 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $136,659 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $41,388 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $178,047 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $178,047 |
| Total liabilities and net assets/fund balances | $178,047 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Formidable Joy has recieved totaling $12,794.
| Awarding Organization | Amount |
|---|---|
In A Perfect World Foundation Los Angeles, CA PURPOSE: SOLAR WATER PROJECT MALAWI SCHOOL | $12,794 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southern California Grantmakers Los Angeles, CA | $26,044,815 | $33,994,479 |
Philanthropic Ventures Foundation Oakland, CA | $36,414,979 | $20,169,103 |
Central Valley Community Foundation Fresno, CA | $105,414,980 | $19,266,870 |
Hispanics In Philanthropy Oakland, CA | $32,628,139 | $20,330,373 |
Women Donors Network San Francisco, CA | $11,762,739 | $21,849,859 |
Edwards Lifesciences Foundation Irvine, CA | $84,164,854 | $6,008,947 |
Just One Project Las Vegas, NV | $1,280,784 | $8,846,231 |
Asian Pacific Fund San Francisco, CA | $25,769,246 | $16,047,288 |
Mission Increase Tigard, OR | $936,883 | $5,775,075 |
Jewish Community Association Of Greater Phoenix Scottsdale, AZ | $31,119,150 | $6,708,831 |
American Muslim Community Foundation Fremont, CA | $4,272,850 | $7,338,552 |
Armenia Fund Inc Glendale, CA | $68,598,938 | $8,000,794 |