philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Joy Thomas Foundation FY2022 filing

Tax-deductible

Los Altos Hls, CA501(c)(3)EmploymentEIN 85-4238139Revenue $91K in FY2022

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.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
56 mo
of spending, in cash
Looks good: 55.6 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
$91K
-90% vs prior year
Spent
$62K
To programs
100%
Net assets
$898K
By yearFY2021–FY2023
Revenue
$91K
FY2022▼ -90%
Tap a bar for its year
Revenue by fiscal year
FY2021$879K
FY2022$91K
FY2023$50K
Expenses
$62K
FY2022▲ ×12
Tap a bar for its year
Expenses by fiscal year
FY2021$5K
FY2022$62K
FY2023$38K
Net assets
$898K
FY2022▲ +3%
Tap a bar for its year
Net assets by fiscal year
FY2021$874K
FY2022$898K
FY2023$894K

From the FY2022 Form 990 · see the original

Give Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2023) →

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

100 cents of each dollar spent went to programs.

Program services 100% · $62K

Form 990 Part IX, line 25. 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
Shyam Pillamarri
President and Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Tony Thomas
Director
$0Pt VII · Sec A
Yatin Mody
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

2 programs · $62K · in their own filed words · FY2022
01

Established an endowment at the IEEE for awarding an annual prize to the author of the best research paper in Information Theory.

$55Kprogram expense
02

Funded the establishment of a science lab in a high school in India. Payment was made to a US charity who funded setting up the lab, purchasing supplies and compensating an instructor.

$8Kprogram 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
American Online Giving Foundation INCFY2023$9K
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 FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$91K
Ln 12
Gifts and grantsLn 1h$86K
Investment incomeLn 3$5K
Money outPt IX
$62K
Ln 25
Programscol B$62K
Owns and owesPt X
$898K
net assets · Ln 32
Cash and savingsLn 1–2$290K
Total assetsLn 16$898K
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$86K
Government grantsLn 1e$0
Noncash giftsLn 1g$19K
Fundraising eventsLn 1c$0
Investment incomeLn 3$5K
Total revenueLn 12$91K
Assets in detailPt X, end of year
CashLn 1$290K
Cash and savings togetherLn 1–2$290K
InvestmentsLn 11–13$609K
Total assetsLn 16$898K
LiabilitiesLn 26$0
Net assetsLn 32$898K
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 FY22End FY22
Cash and savingsLn 1–2$839K$290K
InvestmentsLn 11–13$35K$609K
Total assetsLn 16$874K$898K
LiabilitiesLn 26$0$0
Net assetsLn 32$874K$898K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$62K$62K
Total functional expensesLn 25$62K$62K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $50K$38K$12K$894K 990 PDF
FY2022 Viewing $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 FY2022 990 (6 parts)
Part I · Summary $91,455 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $880,374$86,351
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year −$1,094$5,104
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $879,280$91,455
I-13 Grants and similar amounts paidPrior year $0$62,500
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 $5,433$0
I-18 Total expensesPrior year $5,433$62,500
I-19 Revenue less expensesPrior year $873,847$28,955
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 $91,455 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$86,351
VIII-1g Noncash contributions (included above)$19,051
VIII-1h Total contributions, gifts and grants$86,351
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $5,104 · Excluded from tax $0$5,104
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $5,104 · Excluded from tax $0$91,455
Part IX · Statement of functional expenses $62,500 across 1 line filed
IX-1 Grants to domestic organizationsPrograms $62,500$62,500
IX-25 Total functional expensesPrograms $62,500 · Management $0 · Fundraising $0$62,500
Part X · Balance sheet $898,223 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $839,321$289,543
X-11 Publicly traded securitiesStart of year $34,526$608,680
X-16 Total assetsStart of year $873,847$898,223
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $873,847$898,223
X-33 Total liabilities and net assetsStart of year $873,847$898,223
Part XI · Reconciliation of net assets $898,223 net assets at year end
XI-1 Total revenue$91,455
XI-2 Total expenses$62,500
XI-3 Revenue less expenses$28,955
XI-4 Net assets at start of year$873,847
XI-5 Net unrealized gains (losses) on investments−$4,579
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$898,223

Form 990 e-file (XML) FY2022 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.