Joy Thomas Foundation

Tax-deductible

Los Altos Hls, CA501(c)(3)EmploymentEIN 85-4238139Revenue $50K in FY2023

On file with the IRSjoythomasfoundation.org28037 Arastradero Rd, 94022-1800 · Los Altos Hls, CATax-exempt since Aug 2021Publicly supported charity — 170(b)(1)(A)(vi)

Tell your story. Claim this org

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.

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
Run by 15 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2023 · 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
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 3
filings with a surplus
Average surplus $305K a year · 90% of revenue · last 3 filings
Looks good: a surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
58 mo
of spending, in cash
Looks good: 58.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $9K
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
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$50K
-46% vs prior year
Spent
$38K
To programs
83%
Net assets
$894K
By yearFY2021–FY2023
Revenue
$50K
FY2023▼ -46%
Tap a bar for its year
Revenue by fiscal year
FY2021$879K
FY2022$91K
FY2023$50K
Expenses
$38K
FY2023▼ -40%
Tap a bar for its year
Expenses by fiscal year
FY2021$5K
FY2022$62K
FY2023$38K
Net assets
$894K
FY2023-0.4%
Tap a bar for its year
Net assets by fiscal year
FY2021$874K
FY2022$898K
FY2023$894K

From the FY2023 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023. IRS ruling in Aug 2021.

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

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $31K Management & general 17% · $7K

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

Something off? Claim to fix it

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
President and Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
See Joy Thomas Foundation executive salaries →

On this list? Claim this org

Something off? Claim to fix it

Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Inspires students to pursue STEM careers through mentoring, training, and financial aid.

Questions for Joy Thomas Foundation

Tap to ask. Joy Thomas Foundation sees how many people are interested.

Your first name shows with your question. Joy Thomas Foundation answers here, for everyone.

Provided by the organization

Know this org? Add your story

3 programs · $28K · in their own filed words · FY2023
01

Funded the establishment of a science lab in a high school in India. Paid for setting up the lab, purchasing supplies, compensating an instructor and for day to day operations of the lab.

$16Kprogram expense
02

Sponsored 5 interns to work on a project for a company during the summer of 2023.

$9Kprogram expense
03

Awarded a prize to the top ranked woman in the IIT entrance exam. Conducted an on line session with a panel of women leaders from industry to promote careers in STEM for young women.

$3Kprogram 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 · FY2023
Total grants receivedfrom 1 funder$9K
Grants paid · 2 grants · $62K · 2022–2022
Ieee Foundation INCNJ · FY2022$55,000
Learn for Life FoundationNJ · FY2022$7,500

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$50K
Ln 12
Gifts and grantsLn 1h$30K
Investment incomeLn 3$20K
Money outPt IX
$38K
Ln 25
Programscol B$31K
Managementcol C$7K
Owns and owesPt X
$894K
net assets · Ln 32
Cash and savingsLn 1–2$182K
Total assetsLn 16$894K
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$30K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Investment incomeLn 3$20K
Total revenueLn 12$50K
Assets in detailPt X, end of year
CashLn 1$182K
Cash and savings togetherLn 1–2$182K
InvestmentsLn 11–13$712K
Total assetsLn 16$894K
LiabilitiesLn 26$0
Net assetsLn 32$894K
OperationsPt I, VI
EmployeesI 50
VolunteersI 615
Fiscal year endsHeaderDecember
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 FY23End FY23
Cash and savingsLn 1–2$290K$182K
InvestmentsLn 11–13$609K$712K
Total assetsLn 16$898K$894K
LiabilitiesLn 26$0$0
Net assetsLn 32$898K$894K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$3K$3K
Grants and assistance to foreign recipientsLn 3$27K$27K
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$0$0$0$0
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$0$0$0$0
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$0$0$0$0
Payroll taxesLn 10$0$0$0$0
Management feesLn 11a$0$0$0$0
Legal feesLn 11b$0$0$0$0
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$350$350
Information technologyLn 14$4K$4K
Conferences, conventions and meetingsLn 19$980$980
Other expenses (24a–d)Ln 24$636$0$636$0
Total functional expensesLn 25$38K$31K$7K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest Viewing $50K$38K$12K$894K 990 PDF
FY2022 $91K$62K$29K$898K 990 PDF
FY2021 $879K$5K$874K$874K 990 PDF

More to add? Claim this org

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 FY2023 990 (6 parts)
Part I · Summary $49,736 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $86,351$30,071
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $5,104$19,665
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $91,455$49,736
I-13 Grants and similar amounts paidPrior year $62,500$30,035
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $0$7,492
I-18 Total expensesPrior year $62,500$37,527
I-19 Revenue less expensesPrior year $28,955$12,209
Part VI · Governance 3 of 3 board members independent, 5 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsYes
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
Part VIII · Statement of revenue $49,736 across 11 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$30,071
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$30,071
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $19,665 · Excluded from tax $0$19,665
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $19,665 · Excluded from tax $0$49,736
Part IX · Statement of functional expenses $37,527 across 16 lines filed
IX-1 Grants to domestic organizationsPrograms $2,800$2,800
IX-3 Grants and assistance to foreign recipientsPrograms $27,235$27,235
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $0 · Fundraising $0$0
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $0 · Management $0 · Fundraising $0$0
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $0 · Management $0 · Fundraising $0$0
IX-10 Payroll taxesPrograms $0 · Management $0 · Fundraising $0$0
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $0 · Management $0 · Fundraising $0$0
IX-12 Advertising and promotionManagement $1,076$1,076
IX-13 Office expensesManagement $350$350
IX-14 Information technologyManagement $4,450$4,450
IX-19 Conferences, conventions and meetingsPrograms $980$980
IX-24 Other expenses (24a–d)Programs $0 · Management $636 · Fundraising $0$636
IX-25 Total functional expensesPrograms $31,015 · Management $6,512 · Fundraising $0$37,527
Part X · Balance sheet $894,201 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $289,543$182,087
X-11 Publicly traded securitiesStart of year $608,680$712,114
X-16 Total assetsStart of year $898,223$894,201
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $898,223$894,201
X-33 Total liabilities and net assetsStart of year $898,223$894,201
Part XI · Reconciliation of net assets $894,201 net assets at year end
XI-1 Total revenue$49,736
XI-2 Total expenses$37,527
XI-3 Revenue less expenses$12,209
XI-4 Net assets at start of year$898,223
XI-5 Net unrealized gains (losses) on investments−$5,802
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments−$10,429
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$894,201

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.