Toys for Joy Inc
Nonprofit profile at a glance
- EIN
- 411760833
- IRS 990-EZ coverage
- 2016–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2015
- Location
- Coon Rapids, MN, USA
- Phone
- 6128401224
- Rating
- 91
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Gift Distribution
Reported finances
- Revenue
- $106,778
- Expenses
- $79,378
- Assets
- $290,892
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- MICHAEL HUNSTAD (PRESIDENT)
People named in this filing
- MICHAEL HUNSTAD (PRESIDENT)
- TRACEY DOUGLAS (VICE PRESIDE)
- TOM JENSON (DIRECTOR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Established by the north metro realtors association to try to ensure that all children in anoka county have gifts under their christmas tree each year.
What it reported doing in 2024
Touched the lives of well over 1,000 families with approximately 4,000 children in anoka county, mn.
Operating model
- Revenue model
- Donor-supported. 97% of the money available for current operations came from contributions and gifts.
- 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filed totals do not add up.
Rating breakdown
- Financial Efficiency: 100
- Transparency & Controls: 82
- Sustainability: 72
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 25.7%; rating input score 80; 80th percentile among comparable filings
- Total-asset coverage ratio: 3.66; rating input score 93; 93rd percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 18.7% per year; rating input score 100; 75th percentile among comparable filings
- Revenue growth: 8.9% per year; rating input score 100; 63rd percentile among comparable filings
- Asset growth: 9.7% per year; rating input score 100; 60th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $124K in reported program spending
- Leadership: top reported pay $0 · 8 people listed
- Consistency: 7 of 8 current checks pass · 1 finding to review
- Schedules: 3 filed schedules
- Filing history: 8 filing years from 2016 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: Filed and resolved organization relationships.
- 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.
- Moderate — Transparency & Controls: Part III program expenses within total did not reconcile in the filed values.