Joy In Blue Foundation
- Assets
- $23.2m
- Revenue
- $732.2k
- Investments
- $22.0m
- Employees
- 0
- Location
- Litchfield Park, AZ
- Founding
- 03/2019
- Data as of
- 12/2022
- EIN
- 83-0528682
Organization Overview
Joy In Blue Foundation is located in Litchfield Park, AZ. The organization was established in 2019. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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 In Blue 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 12/2022, Joy In Blue Foundation generated $732.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (6.5%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Joy In Blue Foundation has awarded 135 individual grants totaling $4,048,195. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Jean Rathmann President | 2.5 | $0 | |
Richard G Rathmann Treasurer/secretary | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $399,511 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $332,653 |
| Capital Gain Net Income | $74,057 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $732,164 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $131,074 |
| Pension plans, employee benefits | $26,425 |
| Interest | $0 |
| Taxes | $1,172 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $12,921 |
| Total operating and administrative expenses | $324,810 |
| Contributions, gifts, grants paid | $1,047,612 |
| Total expenses and disbursements | $1,372,422 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,229,934 |
| 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 | $2,018,259 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $23,224,425 |
| 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 In Blue Foundation has awarded $1,392,612 in support to 44 organizations.
| Grant Recipient | Amount |
|---|---|
ACHIEVE TWIN CITIES PURPOSE: EDISON HIGH SCHOOL - CONCORDIA LANGUAGE VILLAGES FRENCH FIELD TRIP | $45,112 |
ANIMAL HUMANE SOCIETY PURPOSE: OPERATING SUPPORT | $25,000 |
ASSOCIATION OF SMALL FOUNDATIONS PURPOSE: OPERATING SUPPORT | $1,500 |
BAIL PROJECT INC PURPOSE: OPERATING SUPPORT | $100,000 |
THE BARACK OBAMA FOUNDATION PURPOSE: OBAMA PRESIDENTIAL CENTER | $90,000 |
BOSTON COLLEGE TRUSTEES PURPOSE: CAMPUS SCHOOL AT BOSTON COLLEGE OPERATING SUPPORT | $20,000 |