Operation Joy Foundation
- Assets
- $500.6k
- Revenue
- $149.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- Data as of
- 12/2023
- EIN
- 87-0886003
Organization Overview
Operation Joy Foundation is located in Wilmington, DE. 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. Operation Joy 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, Operation Joy Foundation generated $149.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (29.4%) each year. All expenses for the organization totaled $256.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, Operation Joy Foundation has awarded 13 individual grants totaling $210,322. 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 |
|---|---|---|---|
Joseph N Gagliano Dir, Pres, Sec, Treas | 1 | $0 | |
Patrick Mccalla Dir | 40 | $150,000 | |
Gianna Van Kley Dir | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $147,500 |
| Interest on Savings | $2,038 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $149,538 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $150,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $34,022 |
| Interest | $0 |
| Taxes | $100 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $17,180 |
| Total operating and administrative expenses | $201,302 |
| Contributions, gifts, grants paid | $55,000 |
| Total expenses and disbursements | $256,302 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $100,567 |
| 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 | $400,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $500,567 |
| Accounts payable and accrued expenses | $15,541 |
| 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 | $15,541 |
Grants Awarded
Over the last fiscal year, Operation Joy Foundation has awarded $55,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
ALLEGRO ORGANIZATIONAL SOLUTIONS INC PURPOSE: DIGNITYWINS-FBY FUND | $10,000 |
ALLEGRO ORGANIZATIONAL SOLUTIONS INC PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
CENTER FOR CHILD PROTECTION PURPOSE: GENERAL & UNRESTRICTED | $28,000 |
COMPASSION ALLIANCE PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
FEED MY STARVING CHILDREN PURPOSE: GENERAL & UNRESTRICTED | $500 |
GIVE KIDS THE WORLD INC PURPOSE: RUNGKTW FUND | $1,000 |