Joy Thomas Foundation
- Assets
- $873.8k
- Revenue
- $879.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Los Altos Hills, CA
- Founding
- Data as of
- 12/2021
- EIN
- 85-4238139
Organization Overview
Joy Thomas Foundation is located in Los Altos Hills, CA. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Joy Thomas Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S MISSION IS TO INSPIRE STUDENTS TO PURSUE CAREERS IN SCIENCE, TECHNOLOGY, ENGINEERING AND MATHEMATICS. THE ORGANIZATION ATTEMPTS TO DO SO BY PROVIDING MENTORING, TRAINING AND PARTIAL FINANCING TO DISADVANTAGED COLLEGE AND HIGH SCHOOL STUDENTS. ADDITIONALLY, THE ORGANIZATION INTENDS TO KEEP ALIVE THE LEGACY OF JOY THOMAS THROUGH AWARDS FOR RESEARCH CONDUCTED IN THE FIELD OF INFORMATION THEORY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONDUCTED SKILLS TRAINING SESSIONS FOR 10 COLLEGE STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shyam Pillamarri President And Director | OfficerTrustee | 8 | $0 |
Yatin Mody Treasurer | Officer | 3 | $0 |
Priya Pattathil Director | Trustee | 2 | $0 |
Tony Thomas Director | Trustee | 2 | $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 | $880,374 |
| Noncash contributions included in lines 1a–1f | $38,393 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $880,374 |
| 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 | -$1,094 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $879,280 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| 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 | $617 |
| Advertising and promotion | $2,100 |
| Office expenses | $0 |
| Information technology | $1,996 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Total functional expenses | $5,433 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $839,321 |
| 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 | $34,526 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $873,847 |
| 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 | $873,847 |
| Total liabilities and net assets/fund balances | $873,847 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Joy Thomas Foundation has recieved totaling $134,404.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $102,500 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $31,904 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Workforce Development Corporation Southeast Los Angeles County Inc Cerritos, CA | $3,079,206 | $9,291,553 |
Arizona Industries For The Blind Phoenix, AZ | $15,708,519 | $11,232,717 |
Westview Services Inc Anaheim, CA | $43,801,353 | $14,508,917 |
California Indian Manpower Consortium Inc Sacramento, CA | $1,497,620 | $8,173,008 |
Conservation Corps North Bay Inc Novato, CA | $6,777,357 | $8,972,735 |
Solano County Private Industry Council Inc Fairfiled, CA | $1,306,172 | $7,947,127 |
Arriba Juntos San Francisco, CA | $5,752,906 | $7,290,735 |
Ser-Jobs For Progress Inc - San Joaquin Valley Fresno, CA | $9,170,032 | $5,926,828 |
San Diego Second Chance Program San Diego, CA | $7,187,602 | $4,875,250 |
Working Wardrobes For A New Start Santa Ana, CA | $4,867,241 | $7,375,799 |
Juma Ventures San Francisco, CA | $3,214,559 | $5,909,359 |
Shasta County Private Industry Redding, CA | $1,895,195 | $4,974,884 |