Joy Engine INC EIN 83-4487295

Joy Engine INC

EIN  83-4487295 Public charity (501(c)(3)) Milwaukee, WI
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Funds public art, music, and performance to inspire, educate, and improve Milwaukee communities.
Leadership
Stephanie Salvia · Executive Director · $85K
Money in and out
$181K revenue, $404K expenses
Bottom line
81% program efficiency

Funds public art, music, and performance to inspire, educate, and improve Milwaukee communities. For fiscal year 2024 it reported $181K in revenue, $404K in expenses, and $2.0M in net assets.Pt I

Where the money goes · FY2024
Total revenue
$181K
Pt VIII · Ln 12
Total expenses
$404K
Pt IX · Ln 25
Net assets
$2.0M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$223K
Where spending went · Part IX cols B–D
Program services $0.81 Management & general $0.17 Fundraising $0.01
Program efficiency
81%
of spending reaches programs0% vs prior filing year
Operating runway
14.1mo
months of highly liquid reserves at operating expense rate▼ -17% vs prior filing year
Surplus margin
-123%
revenue over expenses, this year▲ +77% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$181K
FY2024▲ +116%
Expenses
$404K
FY2024▼ -24%
Total assets
$2.0M
FY2024▼ -10%
Total liabilities
$27K
FY2024▲ +2%
Total revenue
$181K
Pt VIII · Ln 12
Total expenses
$404K
Pt IX · Ln 25
Net assets
$2.0M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$223K
Total assetsPt X · Ln 16$2.0M
Program-expense ratioPt IX · col B81%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

1 program service account for $329K of program spending, described in the organization's own filed words · FY2024.
01

The organization worked to activate creative communicty spaces through hosting programs and sponsoring additional milwaukee art projects.

$329Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CJoy Engine INC
EINHdr · item D83-4487295
Principal addressHdr · item CMilwaukee, WI
WebsiteHdr · item Jwww.blackboxfund.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MWI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A25)
Ruling yearIRS BMFAug 2019

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$84,924Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Stephanie Salvia’s $85K as Executive Director is at the 79th percentile of top reported officer pay among 2213 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022
Stephanie Salvia$84,924$84,162$56,067

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$170K · 94%
Investment income$11K · 6%
Contributions & grants94%$170K
Investment income6%$11K
Total revenueLn 12$181K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.81 Management & general $0.17 Fundraising $0.01
Program services81%$329K
Management & general17%$69K
Fundraising1%$6K
Total functional expensesLn 25$404K

Balance Sheet

Part X · end of year
CashLn 1$474K
Total assetsLn 16$2.0M
Total liabilitiesLn 26$27K
Total net assetsLn 32$2.0M
Months of cash on handcomputed14.1

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $474K · Operating expenses/yr $404K
14.1 months
Where the money goes
Program services
Program services $329K · Total expenses $404K
81%
Management & General
Management & general $69K · Total expenses $404K
17%
Fundraising
Fundraising $6K · Total expenses $404K
1%
Cost to raise $1
Fundraising expense (3-yr avg) $14K · Solicited contributions (3-yr avg) $1.0M
$0.01 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $170K · Total revenue $181K
94%
Government reliance
Government grants — · Total revenue $181K
Earned-income share
Program service revenue $0 · Total revenue $181K
0%
Investment reliance
Investment income $11K · Total revenue $181K
+6%
Program self-sufficiency
Program service revenue $0 · Total expenses $404K
0%
Growth & trend
Revenue growth (YoY)
This year $181K · Prior year $84K
+116%
Revenue CAGR
FY2020 $825K · FY2024 $181K
-32%
Net-asset trend (YoY)
End of year $2.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $181K · Expenses $404K
-123%
Liabilities-to-Assets
Total liabilities — · Total assets $2.0M
Net-asset ratio
Net assets $2.0M · Total assets $2.0M
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $2.0M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Stephanie Salvia · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $85K · Total expenses $404K
21%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $108K · Total expenses $404K
27%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 81%
Overhead ratio 17%
Fundraising cost ratio 3%
Revenue growth 116%
Accounting fee ratio 4%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 6 funders →
Grants paid · 23 grants · $626K · 2020–2024
Millennian LLCFY2024$10,000
Latino Arts INCWI · FY2024$10,000
Arts at Large INCWI · FY2024$10,000
Cosecha CreativeFY2024$10,000
Harbor District INCWI · FY2024$10,000
Funk Enterpises LLCFY2024$10,000
Middle Ground IncorporatedWI · FY2024$9,856
Bernard Art Studio LLCFY2024$7,500
Lynden INCWI · FY2023$90,000
New State INCWI · FY2023$10,000
Jazale S Art Studio INCWI · FY2022$10,000
La Familia De Arte INCWI · FY2022$10,000
Riverwest Radio INCWI · FY2022$10,000
See all 23 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$181K revenue · viewing · ⤓ 990 PDF
FY2023$84K revenue · ⤓ 990 PDF
FY2022$2.9M revenue · ⤓ 990 PDF
FY2021not on file
FY2020$825K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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