Joy to the World Foundation
Nonprofit profile at a glance
- EIN
- 721551621
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Colorado Springs, CO, United States
- Phone
- 719-260-1173
- Rating
- 73
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Fund Raising and Fund Distribution
- Affiliation
- Christianity
Reported finances
- Revenue
- $4,345,161
- Expenses
- $4,480,233
- Assets
- $109,139,283
- Liabilities
- $107,159,293
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- Chris Stroup (President)
- Jay Haddix (CEO)
Highest reported compensation
- Chris Stroup (President): $84,615 total reported compensation
- Jay Haddix (CEO): $79,069 total reported compensation
- Chris Rosenhahn (Treasurer): $24,000 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
We partner with individuals, families, charities, foundations, and businesses who want to spread more joy in the world, providing them with the tools, structure, and support so that they can better help the people or organizations they are serving. Joy to the World Foundation was founded in 2003 by Bill Moritz (1951-2024), an attorney with more than 30 years of experience in nonprofit tax law and trust and estate planning. We saw that many people and organizations have amazing drive to change the world, but they don’t have the administrative and organizational support needed to begin and sustain their vision. This is especially true for generous families and people with an entrepreneurial spirit who want to start a charity or ministry. So we set up an organization that offers creative solutions for setting up and running a charitable organization. We partner with passionate people...
What it reported doing in 2024
To help individuals accomplish their charitable objectives in religious, educational, scientific, benevolent and health related activities.
Operating model
- Revenue model
- Donor-supported. 79% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 82% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing does not identify recipients for some grant dollars and the filing reports few safeguards for money sent abroad.
Rating breakdown
- Financial Efficiency: 83
- Transparency & Controls: 61
- Accountability: 73
- Sustainability: 47
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 94.8%; rating input score 95
- Program expense ratio: 92.4%; rating input score 92
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 93.8%; rating input score 94; 20th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: 1 of 8 controls in place; rating input score 12
- Claims monitoring procedures: Pass
- Requires narrative reports: Fail
- Conducts field audits: Fail
- May suspend future funding: Fail
- Requires financial reports: Fail
- Conducts site visits: Fail
- Requires grant agreements: Fail
- May require repayment: Fail
- Grant itemization coverage: 7.2%; rating input score 7; 12th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 62.5%; rating input score 62; 10th percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -3.1%; rating input score 24; 24th percentile among comparable filings
- Total-asset coverage ratio: 24.36; rating input score 97; 97th percentile among comparable filings
- Liabilities to assets ratio: 0.98; rating input score 5; 5th percentile among comparable filings
- Officer compensation ratio: 4.2%; rating input score 60; 60th percentile among comparable filings
Growth
- Program expense growth: 2% per year; rating input score 100; 22nd percentile among comparable filings
- Revenue growth: 6% per year; rating input score 100; 48th percentile among comparable filings
- Asset growth: 22.9% per year; rating input score 100; 87th percentile among comparable filings
Details
- What they do: Mission, programs, and operating context captured from the official website.
- Where the money goes: 94.8% of revenue deployed · 92.4% of spending went to programs
- Governance: 5 of 8 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $4.1M in reported program spending
- Leadership: top reported pay $85K · 8 people listed
- Consistency: 33 of 34 current checks pass · 1 finding to review
- Schedules: 8 filed schedules · includes major donors, foreign activity, grants, and related organizations
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 8 filed money-flow records
- Related organizations: 6 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Grant itemization coverage scored 7/100.
- High — Transparency & Controls: Foreign activity oversight: 7 of 8 not reported.
- High — Sustainability: Operating margin scored 24/100.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- High — Sustainability: Liabilities to assets ratio scored 5/100.
- Review — Transparency & Controls: Foreign grant itemization did not reconcile in the filed values.