The Toy Association Inc
Nonprofit profile at a glance
- EIN
- 135591570
- IRS 990 coverage
- 2012–2024
- Forms available
- Form 990 2024
- Location
- New York, NY, USA
- Phone
- 2126751141
- Rating confidence
- Limited
Reported finances
- Revenue
- $9,406,375
- Expenses
- $15,252,960
- Assets
- $38,930,300
- Liabilities
- $21,155,229
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
31 people listed
Executive titles in this filing
- ANDY KEIMACH (TREASURER UNTIL 04/24, INTERIM CEO)
- GREG AHEARN (PRESIDENT & CEO AS OF 06/24)
- STEPHEN PASIERB (PRESIDENT & CEO UNTIL 04/24)
Highest reported compensation
- STEPHEN PASIERB (PRESIDENT & CEO UNTIL 04/24): $780,599 total reported compensation
- ED DESMOND (EVP, GOVT AFFAIRS): $591,105 total reported compensation
- GREG AHEARN (PRESIDENT & CEO AS OF 06/24): $503,300 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To be a unifying force for members' creativity, responsibility, and global success, advocating for their needs and championing the benefits of play.
What it reported doing in 2024
Representation of the toy industry in matters relating to toy safety, including standards development, environmental sustainability, managing the legislative and regulatory environment at the local, state, federal, and international levels, marketing to children, and partnering with international organizations committed to the safety and well-being of factory workers worldwide.
Operating model
- Revenue model
- Earned-program. 90% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 65
- Accountability: 100
- Sustainability: 24
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 81.8%; rating input score 82; 0th percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Missing
- Independent consultant: Pass
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- 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: 95.8%; rating input score 96; 31st percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -62.2%; rating input score 2; 2nd percentile among comparable filings
- Total-asset coverage ratio: 2.55; rating input score 69; 69th percentile among comparable filings
- Liabilities to assets ratio: 0.54; rating input score 19; 19th percentile among comparable filings
- Officer compensation ratio: 28.4%; rating input score 6; 6th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -1.5% per year; rating input score 0; 7th percentile among comparable filings
- Asset growth: 3.4% per year; rating input score 100; 26th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 19 of 19 board members independent · 9 of 9 filing controls reported
- Programs: 3 filed program accomplishments
- Leadership: top reported pay $781K · 31 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 4 contractors listed · $970K reported
- Consistency: 14 of 16 current checks pass · 2 findings to review
- Schedules: 7 filed schedules · includes foreign activity, grants, and executive pay
- Filing history: 11 filing years from 2012 to 2024
- Contacts: How to reach this organization
- Money network: 15 filed money-flow records
- Related organizations: 5 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Foreign activity oversight: 7 of 8 not reported.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 2/100.
- Review — Transparency & Controls: Foreign grant itemization did not reconcile in the filed values.
- Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
- High — Sustainability: Officer compensation ratio scored 6/100.
- High — Sustainability: Liabilities to assets ratio scored 19/100.