Joy Family Foundation
- Assets
- $1.4m
- Revenue
- $55.1k
- Investments
- $1.3m
- Employees
- 0
- Location
- Buffalo, NY
- Founding
- 05/1990
- Data as of
- 12/2023
- EIN
- 16-6335211
Organization Overview
Joy Family Foundation is located in Buffalo, NY. The organization was established in 1990. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Joy Family Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Joy Family Foundation generated $55.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.6%) each year. All expenses for the organization totaled $203.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Joy Family Foundation has awarded 92 individual grants totaling $1,138,972. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paula Joy Reinhold Trustee | 5 | $45,000 | |
Matthew W Krause Chief Financial Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $11,090 |
| Dividends & Interest | $32,087 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,897 |
| Capital Gain Net Income | $11,897 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $55,074 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $45,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,063 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $899 |
| Total operating and administrative expenses | $66,044 |
| Contributions, gifts, grants paid | $137,901 |
| Total expenses and disbursements | $203,945 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $28,156 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,328,780 |
| Net Land, buildings, and equipment | $2,708 |
| Other assets | $0 |
| Total assets | $1,359,644 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Joy Family Foundation has awarded $137,901 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
BURCHFIELD-PENNEY ART CENTER PURPOSE: GENERAL FUND CONTRIBUTION | $25,000 |
HOSPICE & PALLIATIVE CARE BUFFALO PURPOSE: GENERAL FUND CONTRIBUTION | $28,867 |
OCEAN REEF COMMUNITY FOUNDATION PURPOSE: GENERAL FUND CONTRIBUTION | $15,000 |
OCEAN REEF ART LEAGUE PALETTE SOCIETY PURPOSE: GENERAL FUND CONTRIBUTION | $5,300 |
WNY WOMANS FUND PURPOSE: GENERAL FUND CONTRIBUTION | $15,000 |
WNED BUFFALO PURPOSE: GENERAL FUND CONTRIBUTION | $33,334 |