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← JOY IN CHILDHOOD FOUNDATION INC

Form 990 for tax year 2025

Filed by JOY IN CHILDHOOD FOUNDATION INC.

Totals

Total revenue
$14,166,123
Total expenses
$13,525,124
Contributions and grants received
$15,558,164
Grants paid
$10,198,247
Program service revenue
$0
Investment income
$327,361
Other revenue
-$1,719,402
Total assets, end of year
$11,607,120
Total liabilities, end of year
$3,950,325
Net assets or fund balances, end of year
$7,656,795
Program services expenses (Part IX)
$10,581,337
Management and general expenses
$860,461
Fundraising expenses
$2,083,326
Program service expenses (Part III)
$10,581,337

Program services were 78.2% 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

    $5,212,304

  • 1f · All other contributions, gifts and grants

    $10,345,860

  • 1g · Noncash contributions included above

    $121,845

  • 3 · Investment income

    total $327,361 · excluded $327,361

  • 8a · Fundraising events: gross income

    $565,613

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

    $5,212,304

  • 8b · Fundraising events: direct expenses

    $2,297,195

  • 8c · Net income from fundraising events

    total -$1,731,582 · excluded -$1,731,582

  • 9a · Gaming: gross income

    $14,416

  • 9b · Gaming: direct expenses

    $2,236

  • 9c · Net income from gaming

    total $12,180 · excluded $12,180

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $10,198,247 · program services $10,198,247

  • 11a · Fees: management

    total $149,549 · management and general $149,549

  • 11b · Fees: legal

    total $35,319 · management and general $35,319

  • 11c · Fees: accounting

    total $31,390 · management and general $31,390

  • 11g · Fees: other

    total $903,148 · program services $350,221 · management and general $226,759 · fundraising $326,168

  • 12 · Advertising and promotion

    total $229,622 · program services $7,100 · management and general $179,061 · fundraising $43,461

  • 13 · Office expenses

    total $181,979 · management and general $53,995 · fundraising $127,984

  • 14 · Information technology

    total $117,479 · program services $20,107 · management and general $77,671 · fundraising $19,701

  • 17 · Travel

    total $86,021 · management and general $60,190 · fundraising $25,831

  • 19 · Conferences, conventions and meetings

    total $225,563 · management and general $400 · fundraising $225,163

  • 23 · Insurance

    total $20,347 · management and general $20,347

  • 24a · Other expenses: Branded merchandise

    total $1,331,986 · program services $5,662 · management and general $25,780 · fundraising $1,300,544

  • 24b · Other expenses: Award stewarship

    total $14,474 · fundraising $14,474

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,032,710 · end of year $1,013,216

  • 2 · Savings and temporary cash investments

    beginning of year $2,955,337 · end of year $3,066,855

  • 3 · Pledges and grants receivable

    beginning of year $4,895,552 · end of year $7,409,226

  • 9 · Prepaid expenses and deferred charges

    beginning of year $107,594 · end of year $117,823

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

    $251,925

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

    $251,925

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $330,079 · end of year $1,140,041

  • 18 · Grants payable

    beginning of year $1,498,312 · end of year $2,810,284

  • 19 · Deferred revenue

    beginning of year $17,500 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $6,675,302 · end of year $7,363,795

  • 28 · Net assets with donor restrictions

    beginning of year $470,000 · end of year $293,000

Mission and programs · 2025

Mission

The Foundation is established to bring together a wide network of stakeholders, including Dunkin and Baskin-Robbins franchisees, suppliers, crew members, and employees, to engage in fundraising and grant making to charitable organizations that provide joy to sick and hungry kids. The Foundation is also established to more generally support those who serve in their communities in an effort to improve community strength and capacity.

Activities or mission (Part I)

To provide grants to charitable organizations that provide joy to sick and hungry kids.

  • The Foundation continued its grantmaking activities to ensure the basic needs of communities through hunger relief and children's health. For the period covered by this Form 990, the Foundation paid more than $10 million across over 300 organizations to provide relief to sick and hungry children and families.

    Expenses $10,581,337 · Grants $10,198,247

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Justin Ackerman

    Director

    Total calculated
    $0
    Hours/week
    1
  • Suzanne Andrade

    Director

    Total calculated
    $0
    Hours/week
    1
  • David Baumgartner

    Director

    Total calculated
    $0
    Hours/week
    1
  • Kelly Fish

    Director

    Total calculated
    $0
    Hours/week
    1
  • Jerid Grandinetti

    Director

    Total calculated
    $0
    Hours/week
    1
  • Wendy Leveillee

    Director

    Total calculated
    $0
    Hours/week
    1
  • Molly Mills

    Director

    Total calculated
    $0
    Hours/week
    1
  • Daniel Novick

    Director

    Total calculated
    $0
    Hours/week
    1
  • Dwar Patel

    Director

    Total calculated
    $0
    Hours/week
    1
  • Kajal Patel

    Director

    Total calculated
    $0
    Hours/week
    1
  • Parth Patel

    Director

    Total calculated
    $0
    Hours/week
    1
  • Raj Patel

    Director

    Total calculated
    $0
    Hours/week
    1
  • Victor Carvalho

    Chair

    Total calculated
    $0
    Hours/week
    5
  • Kristen Fitzpatrick

    Treasurer

    Total calculated
    $0
    Hours/week
    5
  • Parag Patel

    Clerk

    Total calculated
    $0
    Hours/week
    5
  • Mollie Collum

    Executive Director

    Total calculated
    $0
    Hours/week
    25

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.

Schedule J

Answered yes

None.

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Form 990, Part VII, Line 5:
The Foundation does not directly employ or compensate any individuals, employees, officers, or directors. However, the Foundation does receive management and staffing services from employees of an unrelated organization (per definition in the IRS instructions), Dunkin' Brands/Inspire Brands, including several individuals listed in Form 990, Part VII. Some of these individuals are compensated by Inspire Brands, Inc. for services rendered to the Foundation. Those services are measured at the cost recognized by Inspire Brands Group, Inc. for the personnel providing those services, which the Foundation then reimburses Inspire Brands Group for. In 2025, the Foundation paid Inspire Brands Group $926,708 for such services. As Inspire Brands Group is assisting the Foundation with certain managerial and operating service, this Form 990, Part VI, Line 3 has been answered "Yes." However, it is not possible for the Foundation to bifurcate or assign what amount of this total cost was due specifically for managerial, directorial, or official purposes. Accordingly, the Foundation has disclosed the entire amount on this Form 990, Schedule J and Schedule O, for transparency purposes.

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
2025
Filed
30 July 2026
IRS schema version
2025v4.2
Source object
202602129349300710

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