BBB Wise Giving Report for
Toy Industry Foundation

BBB Wise Giving Report issued February 2011
BBB Wise Giving Report expires February 2013


This BBB Accredited charity meets all 20 Standards for Charity Accountability and is a Seal Holder. Find out more...


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Charity Contact Information

Name: Toy Industry Foundation
Address: 1115 Broadway, Suite 400
  New York, NY 10010
Phone: 212-675-1141
Web Address: www.toyindustryfoundation.org
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BBB Wise Giving Alliance Comments

Year, State Incorporated: 1961, New York
Affiliates: Toy Industry Association, Inc.
Stated Purpose: "to bring joy, comfort and learning to children in need through the experience of toys and play."

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Evaluation Conclusions

               

Toy Industry Foundation (TIF) meets the 20 Standards for Charity Accountability.
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Programs

               

TIF fulfills its mission through three core programs. The Toy Bank distributes toys to children in need, while educational initiatives include the distribution of "Fun Play, Safe Play and Let's Play: A Guide to Toys for Children with Special Needs." Additionally, TIF provides grants for organizations whose missions are in line with that of the organization.

For the year ended December 31, 2009, TIF's program expenses were:

  
Charitable partnerships/grants 4,440,180
Educational 29,807
Total Program Expenses: $4,469,987
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Governance

               

Chief Executive : Jean Butler, Executive Director
Compensation*:
 $247,900

Chair of the Board: Patrick S. Feely
Chair's Profession / Business Affiliation: PSF Consulting

Board Size: 12

Paid Staff Size: 3

*2009 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising

               

Method(s) Used:

Direct mail, telemarketing, Internet appeals, and membership appeals.
Fund raising costs were 3% of related contributions. (Related contributions, which totaled $4,506,625, are donations received as a result of fund raising activities.)
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Tax Status

               

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
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Financial

               

The following information is based on TIF's audited financial statements for the year ended December 31, 2009.

Source of Funds  
In-kind contributions 4,123,180
Contributions from Toy Industry Association 329,560
Special events (net) 249,350
Other contributions 134,095
Investment income 52,326
Total Income $4,888,511


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Uses of Funds as a % of Total Expenses

Programs: 93%  Fund Raising: 2%  Administrative: 3%  Other Expenses: 2%

Total income   $4,888,511
  Program expenses $4,469,987
  Fund raising expenses 118,519
  Administrative expenses 128,362
  Other Expenses 90,830
Total expenses   $4,807,698
Income in Excess of Expenses   80,813
Beginning net assets   840,852
Ending net assets   921,665
Total liabilities   58,400
Total assets   $980,065

Note: According to TIF's audited financial statements for the year ended December 31, 2009, in-kind contributions included toys ($4,123,180).

Note: According to TIF's audited financial statements for the year ended December 31, 2009, other expenses include marketing ($90,830).

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This report is not to be used for fund raising or promotional purposes.

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