Overview
What is The Toy Foundation Inc?
The Toy Foundation Inc, located in New York City, is a nonprofit organization with a significant mission. Their primary program, known as The Toy Bank, serves as a platform for the toy industry to engage in corporate social responsibility and manage inventory donations. Companies donate toys to The Toy Foundation, which then distributes them to charities helping children in need, both domestically and internationally. The foundation's objective is to bring joy, comfort, and learning to these children through the experience of play. By providing toys, The Toy Foundation aims to make a positive impact on the lives of children in need, enhancing their wellbeing and promoting their development.
Official website here: www.toyfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
The Toy Foundation Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in Accountability and Finance. The overall score emphasizes the organization's commitment to transparency and responsible financial management, with a perfect score in most of the assessed areas including independent board governance and financial oversight.
The nonprofit boasts a high Program Expense Ratio of 97.99%, indicating that a significant portion of its funding is directed towards its mission rather than administrative costs. Additionally, its fundraising efficiency ratio is highly favorable, which suggests effective management of donations. The organization also has robust policies in place, such as conflict of interest and whistleblower protections, which contribute to its strong governance framework.
However, the organization does face a low Working Capital Ratio of 0.15 years, which may indicate potential liquidity issues. Despite this, the absence of any material diversion of assets and a zero liability ratio further reinforce its financial stability in terms of operational integrity. Overall, The Toy Foundation Inc demonstrates a solid commitment to its mission, backed by effective financial practices.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about The Toy Foundation Inc?
94% of 12 reviewers on Facebook recommend The Toy Foundation Inc. Here is a summary of their reviews:
Many users express appreciation for the organization’s partnerships, particularly highlighting the collaboration with Freestore 15104. Participants commend the foundation for its positive impact and the wonderful work it does in delivering aid and joy through toys to those in need.
Overall, the sentiment reflects satisfaction with The Toy Foundation's commitment to its mission. Reviewers feel that the organization is effective in fulfilling its promises and making a difference in the community.
This AI summary has been generated from reviews found on Facebook.
Is The Toy Foundation Inc legitimate?
The Toy Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Toy Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $363,460
Professional Fundraising Fees: $0
Other Salaries and Wages: $252,952
For more financial information, click here
Official website here: www.toyfoundation.org
What is the mission statement of The Toy Foundation Inc?
The Toy Foundation Inc's mission is centered around bringing joy, comfort, and educational opportunities to children in need through the medium of toys and play. This is accomplished through their signature program, The Toy Bank. The Toy Bank serves as a platform for corporations in the toy industry to donate excess inventory, which is then distributed to children's charities both domestically and internationally. By doing so, The Toy Foundation Inc aims to contribute positively to the lives of children in need, enhancing their experiences and fostering learning opportunities through play.
Official website here: www.toyfoundation.org
Who is the CEO of The Toy Foundation Inc?
Paul Vitale is the Chair of The Toy Foundation Inc.
Official website here: www.toyfoundation.org
What is the revenue of The Toy Foundation Inc?
The Toy Foundation Inc's revenue in 2022 was $11,749,554.
Official website here: www.toyfoundation.org
Who are the executives of The Toy Foundation Inc and what are their salaries?
There 100 volunteers at The Toy Foundation Inc.
Here are 17 key members and their salaries:
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- Compensation: $134,357
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- Other: $22,599
Official website here: www.toyfoundation.org
Where can I find the form 990 for The Toy Foundation Inc?
The Toy Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.toyfoundation.org
Learn more at the official website: www.toyfoundation.org
Mission Statement of The Toy Foundation Inc
The Toy Foundation, a notable nonprofit organization, is dedicated to bringing joy, comfort, and learning to children in need through the power of toys and play. Their primary mission is to deliver happiness and solace to these vulnerable children, leveraging the therapeutic and educational potential of play. To accomplish this, The Toy Foundation operates a program known as The Toy Bank, which serves as a year-round corporate social responsibility initiative and inventory management solution for product donations. The foundation collects contributions from manufacturers, retailers, and distributors, and subsequently distributes these toys to various children's charities nationwide and internationally. By doing so, The Toy Foundation strives to uplift the lives of children in need, providing them with a sense of joy, comfort, and opportunities for learning through play.
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Impact
October, 2024
The Toy Foundation Inc has a significant impact by bringing joy, comfort, and learning to children in need through the transformative power of play and toys. Central to its efforts is The Toy Bank, which serves as the foundation's signature program. This initiative acts as a bridge between the toy industry and children’s charities, facilitating the donation of toys from manufacturers, retailers, and distributors.
By collecting and distributing these donated toys, The Toy Foundation ensures that children facing hardships—whether due to economic challenges, health issues, or other adversities—have access to play experiences that are crucial for their emotional and social development. Through its year-round corporate social responsibility initiative, the foundation effectively manages inventory donations, enabling a steady stream of vital resources to reach children across the nation and around the globe.
The foundation not only improves the lives of individual children but also enhances community well-being, fostering a spirit of generosity and support among the toy industry and its partners. The Toy Foundation's work embodies the belief that every child deserves the joy of play, making a lasting difference in communities and offering hope to those in need.
This information is meant to be a general summary of The Toy Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $40,406
- Gross Receipts: $12,876,672
Assets and Liabilities:
- Total Assets: $3,316,773
- Total Liabilities: $127,587
- Net Assets: $3,189,186
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Organization Details
Founding Year
1961
Phone
(212) 675-1141Principal Officer
Paul Vitale
Main Address
1375 BROADWAY 1001, NEW YORK, NY, 10018
Website
www.toyfoundation.orgNTEE Category
Code: S41Z - Community improvement
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