The Joy Fund Foundation

Tax-deductible

Norfolk, VA501(c)(3)EIN 23-7050096Revenue $140K in FY2025

On file with the IRS5525 Raby Rd, 23502-2458 · Norfolk, VATax-exempt since Apr 1971Publicly supported charity — 170(b)(1)(A)(vi)

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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.

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
Run by 11 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 6
filings with a surplus
Average deficit $37K a year · 20% of revenue · last 6 filings
Concern: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
7 mo
of spending, in cash
Looks good: 7.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $60K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$140K
-35% vs prior year
Spent
$244K
To programs
99%
Net assets
$145K
By yearFY2020–FY2025
Revenue
$140K
FY2025▼ -35%
Tap a bar for its year
Revenue by fiscal year
FY2020$213K
FY2021$231K
FY2022$196K
FY2023$129K
FY2024$215K
FY2025$140K
Expenses
$244K
FY2025▲ +26%
Tap a bar for its year
Expenses by fiscal year
FY2020$257K
FY2021$273K
FY2022$214K
FY2023$162K
FY2024$194K
FY2025$244K
Net assets
$145K
FY2025▼ -42%
Tap a bar for its year
Net assets by fiscal year
FY2020$320K
FY2021$278K
FY2022$261K
FY2023$227K
FY2024$249K
FY2025$145K

From the FY2025 Form 990 (year ending July 2025) · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1971.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $240K Management & general 1% · $3K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See The Joy Fund Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides toys to needy children through year-round fundraising and Salvation Army distribution.

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Provided by the organization

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1 program · $240K · in their own filed words · FY2024
01

Contributions are solicited through through newspaper, radio, and televsion appeals. The foundation has established a relationship with Salvation Army whereby the toys are distributed through referals obtained from churches, schools, and welfare agencies. The Salvation Army orders and distributes the toys to those in need.

$240Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$60K
Grants paid · 13 grants · $1.1M · 2019–2024
The Salvation ArmyGA · FY2024$65,000
The Salvation ArmyGA · FY2024$10,000
The Salvation ArmyGA · FY2024$10,000
The Salvation ArmyGA · FY2023$131,964
The Salvation ArmyGA · FY2023$21,500
The Salvation ArmyGA · FY2023$21,500
The Salvation ArmyGA · FY2022$106,500
The Salvation ArmyGA · FY2022$18,750
The Salvation ArmyGA · FY2022$18,750
The Salvation ArmyGA · FY2022$6,000

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$140K
Ln 12
Gifts and grantsLn 1h$140K
Investment incomeLn 3$22
Money outPt IX
$244K
Ln 25
Programscol B$240K
Managementcol C$3K
Owns and owesPt X
$145K
net assets · Ln 32
Cash and savingsLn 1–2$145K
Total assetsLn 16$145K
LiabilitiesLn 26$0
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$140K
Investment incomeLn 3$22
Total revenueLn 12$140K
Assets in detailPt X, end of year
CashLn 1$95K
SavingsLn 2$50K
Cash and savings togetherLn 1–2$145K
Total assetsLn 16$145K
LiabilitiesLn 26$0
Net assetsLn 32$145K
OperationsPt I, VI
EmployeesI 50
VolunteersI 611
Fiscal year endsHeaderJuly
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$249K$145K
Total assetsLn 16$249K$145K
LiabilitiesLn 26$0$0
Net assetsLn 32$249K$145K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$217K$217K
Accounting feesLn 11c$700$0$700$0
Advertising and promotionLn 12$18K$18K$0$0
Office expensesLn 13$3K$0$3K$0
Information technologyLn 14$4K$4K$0$0
InsuranceLn 23$1K$1K$0$0
Total functional expensesLn 25$244K$240K$3K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $140K$244K−$103K$145K 990 PDF
FY2024 $215K$194K$21K$249K 990 PDF
FY2023 $129K$162K−$33K$227K 990 PDF
FY2022 $196K$214K−$17K$261K 990 PDF
FY2021 $231K$273K−$43K$278K 990 PDF
FY2020 $213K$257K−$44K$320K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $140,262 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $215,014$140,240
I-9 Program service revenue$0
I-10 Investment incomePrior year $27$22
I-11 Other revenue$0
I-12 Total revenuePrior year $215,041$140,262
I-13 Grants and similar amounts paidPrior year $174,964$217,216
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $18,666$26,432
I-18 Total expensesPrior year $193,630$243,648
I-19 Revenue less expensesPrior year $21,411−$103,386
Part VI · Governance 11 of 11 board members independent, 4 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $140,262 across 4 lines filed
VIII-1f All other contributions, gifts and grants$140,240
VIII-1h Total contributions, gifts and grants$140,240
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $22$22
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $22$140,262
Part IX · Statement of functional expenses $243,648 across 6 lines filed
IX-1 Grants to domestic organizationsPrograms $217,216$217,216
IX-11c Accounting feesPrograms $0 · Management $700 · Fundraising $0$700
IX-12 Advertising and promotionPrograms $17,550 · Management $0 · Fundraising $0$17,550
IX-13 Office expensesPrograms $0 · Management $2,610 · Fundraising $0$2,610
IX-14 Information technologyPrograms $4,140 · Management $0 · Fundraising $0$4,140
IX-23 InsurancePrograms $1,432 · Management $0 · Fundraising $0$1,432
IX-25 Total functional expensesPrograms $240,338 · Management $3,310 · Fundraising $0$243,648
Part X · Balance sheet $145,243 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $248,629$95,243
X-2 Savings and temporary cash investments$50,000
X-16 Total assetsStart of year $248,629$145,243
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $248,629$145,243
X-33 Total liabilities and net assetsStart of year $248,629$145,243
Part XI · Reconciliation of net assets $145,243 net assets at year end
XI-1 Total revenue$140,262
XI-2 Total expenses$243,648
XI-3 Revenue less expenses−$103,386
XI-4 Net assets at start of year$248,629
XI-10 Net assets at end of year$145,243

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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