Skip to content
Nonprofiteer
← THE TOY FOUNDATION INC

Form 990 for tax year 2023

Filed by THE TOY FOUNDATION INC.

Totals

Total revenue
$6,925,131
Total expenses
$7,592,026
Contributions and grants received
$6,818,636
Grants paid
$6,595,496
Program service revenue
$0
Investment income
$106,495
Other revenue
$0
Total assets, end of year
$3,298,425
Total liabilities, end of year
$549,577
Net assets or fund balances, end of year
$2,748,848
Program services expenses (Part IX)
$6,821,978
Management and general expenses
$513,591
Fundraising expenses
$256,457
Program service expenses (Part III)
$6,821,978

Program services were 89.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $366,605

  • 1f · All other contributions, gifts and grants

    $6,452,031

  • 1g · Noncash contributions included above

    $6,215,443

  • 3 · Investment income

    total $79,441 · excluded $79,441

  • 7a · Gross sales of assets other than inventory

    securities $1,051,697

  • 7b · Less cost or other basis and sales expenses

    securities $1,024,643

  • 7c · Gain or loss

    securities $27,054

  • 7d · Net gain or loss

    total $27,054 · excluded $27,054

  • 8a · Fundraising events: gross income

    $649,121

  • 8a · Fundraising events: contributions included on line 1c

    $366,605

  • 8b · Fundraising events: direct expenses

    $649,121

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $6,595,496 · program services $6,595,496

  • 5 · Compensation of officers, directors and key employees

    total $358,462 · program services $58,389 · management and general $187,458 · fundraising $112,615

  • 7 · Other salaries and wages

    total $330,002 · program services $53,753 · management and general $172,575 · fundraising $103,674

  • 8 · Pension plan contributions

    total $16,645 · program services $2,711 · management and general $8,705 · fundraising $5,229

  • 9 · Other employee benefits

    total $30,557 · program services $4,977 · management and general $15,980 · fundraising $9,600

  • 10 · Payroll taxes

    total $46,473 · program services $7,570 · management and general $24,303 · fundraising $14,600

  • 11b · Fees: legal

    total $16,525 · management and general $16,525

  • 11c · Fees: accounting

    total $16,929 · management and general $16,929

  • 11f · Fees: investment management

    total $5,680 · management and general $5,680

  • 11g · Fees: other

    total $29,050 · program services $2,050 · management and general $27,000

  • 24a · Other expenses: MISCELLANEOUS EXPENSE

    total $75,355 · program services $27,032 · management and general $37,584 · fundraising $10,739

  • 24b · Other expenses: POSTAGE/SHIPPING

    total $70,113 · program services $70,000 · management and general $113

  • 24c · Other expenses: DUES & FEES

    total $739 · management and general $739

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $693,728 · end of year $260,015

  • 4 · Accounts receivable

    beginning of year $150,000 · end of year $184,990

  • 9 · Prepaid expenses and deferred charges

    beginning of year $19,424 · end of year $11,711

  • 10a · Land, buildings and equipment: cost or other basis

    $42,313

  • 10b · Land, buildings and equipment: accumulated depreciation

    $39,962

  • 10c · Land, buildings and equipment, net

    beginning of year $16,455 · end of year $2,351

  • 11 · Investments: publicly traded securities

    beginning of year $2,437,166 · end of year $2,839,358

  • 17 · Accounts payable and accrued expenses

    beginning of year $36,848 · end of year $55,441

  • 18 · Grants payable

    beginning of year $46,890 · end of year $380,053

  • 25 · Other liabilities

    beginning of year $43,849 · end of year $114,083

  • 27 · Net assets without donor restrictions

    beginning of year $3,189,186 · end of year $2,748,848

Mission and programs · 2023

Mission

THE TOY FOUNDATION'S MISSION IS TO BRING JOY AND COMFORT TO CHILDREN IN NEED THROUGH THE EXPERIENCE OF TOYS AND PLAY.

Activities or mission (Part I)

THE TOY FOUNDATION'S MISSION IS TO BRING JOY, COMFORT, AND LEARNING TO CHILDREN IN NEED THROUGH THE EXPERIENCE OF TOYS AND PLAY.

  • THE TOY BANK IS THE FOUNDATION'S SIGNATURE PROGRAM DELIVERING PLAY TO CHILDREN IN NEED, THE TOY BANK IS THE TOY INDUSTRY'S YEAR-ROUND CORPORATE SOCIAL RESPONSIBILITY AND INVENTORY MANAGEMENT SOLUTION FOR PRODUCT DONATIONS. THE FOUNDATION COLLECTS DONATIONS FROM MANUFACTURERS, RETAILERS, AND DISTRIBUTORS, AND DISTRIBUTES THEM TO CHILDREN'S CHARITIES NATIONWIDE AND ACROSS THE GLOBE.

    Expenses $4,879,009 · Grants $4,737,658

  • THE TOY FOUNDATION'S EMERGENCY GRANTS PROGRAM BRINGS THE HEALING POWER OF PLAY TO CHILDREN AND FAMILIES IN THE WAKE OF NATURAL DISASTERS, DOMESTIC UPHEAVAL AND OTHER HUMANITARIAN CRISES.

    Expenses $1,477,787 · Grants $1,477,785

  • THE TOY FOUNDATION CREATED THE CHILDREN'S HOSPITAL PLAY GRANTS PROGRAM TO BRING THE HEALING POWER OF PLAY TO CHILDREN IN HOSPITAL SETTINGS, ESPECIALLY THOSE IN UNDERSERVED COMMUNITIES.UNDERGOING COMPLICATED MEDICAL PROCEDURES, FACING LIFE-THREATENING ILLNESSES AND INJURIES, AND FEELING ISOLATED AND HELPLESS ARE COMMON EXPERIENCES FOR CHILDREN AND THEIR FAMILIES IN HEALTHCARE SETTINGS. ACCESS TO PLAY CAN HELP RELIEVE THIS STRESS, CREATE EASE, AND HAVE AN OVERALL POSITIVE IMPACT ON CHILDREN'S RELATIONSHIPS AND WELL-BEING.THE CHILDREN'S HOSPITAL PLAY GRANTS PROGRAM DISTRIBUTES GRANTS TO CHILDREN'S HOSPITALS THROUGHOUT THE UNITED STATES TO ENABLE THEM TO CREATE STIMULATING AND CALMING SENSORY EXPERIENCES; OFFER IN-ROOM TECHNOLOGY TO BROADCAST PLAY ACTIVITIES; UPGRADE WAITING AREAS; ASSEMBLE THERAPEUTIC PLAY KITS; AND MORE.

    Expenses $414,714 · Grants $380,053

  • DIVERSITY, EQUITY & INCLUSION

    Expenses $50,468

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Glenn Abell

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Voin Todorovic

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Andrew Weiner

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Kathleen Campisano

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Michael Keaton

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Jamie Cygielman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Nik Nayar

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Manny Grace

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Andrew Quartin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Stephanie Bailey

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Sunny Lauridsen

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Ashley Mady

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Michael Rinzler

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Aaron Muderick

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Geoffrey Greenberg

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Sara Rosales Montalvo

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Anthony Trani

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Pamela Mastrota

    EXECUTIVE DIRECTOR

    Total calculated
    $358,463
    From this org
    $281,474
    From related orgs
    $0
    Other
    $76,989
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $269,474
    Bonus
    $12,000
    Other
    $0
    Deferred
    $23,800
    Nontaxable benefits
    $53,189
    Filer's total
    $358,463

  • Paul Vitale

    CHIEF FINANCIAL OFFICER

    Total calculated
    $0
    Hours/week
    3

  • John Fistolera

    DIR, DEVELOPMENT

    Total calculated
    $180,894
    From this org
    $152,600
    From related orgs
    $0
    Other
    $28,294
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $143,400
    Bonus
    $9,200
    Other
    $0
    Deferred
    $13,252
    Nontaxable benefits
    $15,042
    Filer's total
    $180,894

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
ON JULY 15, 2023, PAMELA MASTROTA AND JOHN FISTOLERA RECEIVED NON-FIXED DISCRETIONARY BONUSES OF $12,000 AND $3,000 RESPECTIVELY.
FORM 990, PART VII-A, LINE 5:
THE TOY FOUNDATION DOES NOT ISSUE W-2'S FOR EMPLOYEES. W-2'S ARE ISSUED BY UNRELATED THIRD-PARTY PROFESSIONAL EMPLOYER ORGANIZATIONS (PEO) EXTENSIS AND ASPEN. THE TOY FOUNDATION DOES NOT COMPENSATE ITS CHIEF FINANCIAL OFFICER. THE TOY ASSOCIATION, INC., A SEPARATE 501(C)(6) ORGANIZATION, DONATES THE SERVICES OF THE FOUNDATION'S CHIEF FINANCIAL OFFICER TO THE FOUNDATION. DURING 2023, PAUL VITALE, CHIEF FINANCIAL OFFICER, RECEIVED FROM THE TOY ASSOCIATION $360,146 OF REPORTABLE COMPENSATION, $26,400 OF RETIREMENT BENEFITS AND $42,560 OF NONTAXABLE COMPENSATION FOR HIS SERVICES RENDERED TO BOTH THE TOY ASSOCIATION AND THE TOY FOUNDATION.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
2 August 2024
IRS schema version
2023v5.1
Source object
202402209349301905

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.