Civic Intelligence

Joy to the World Foundation

EIN 72-1551621 • 501(c)3 • Colorado Springs, CO

Profile

Individuals, who have been blessed financially, can accomplish their charitable objectives in the areas of religious, scientific, health, education and benevolence through the foundation.

731 Chapel Hills DrColorado Springs, CO 80920

www.joytotheworldfoundation.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

90th percentile

0.98x

Higher debt load relative to assets than 90% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

99th percentile

24.66x

Higher debt load relative to revenue than 99% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Net Margin

24th percentile

-3.1%

Higher net margin than 24% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

5th percentile

$92,586

Higher top officer pay than 5% of similar nonprofits.

Top officer pay equals 1.9% of source-year revenue.

501(c)3 • $100M-$250M nonprofits • Source year 2022

Asset Growth

99th percentile

340%

Faster asset growth than 99% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

3rd percentile

-48%

Faster revenue growth than 3% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets90th percentile

Assets

Up

$109,139,283

Up $84,358,828 (+340%) from 2023

Liabilities

Up

$107,159,293

Up $84,482,379 (+373%) from 2023

Net Assets

Down

$1,979,990

Down $123,551 (-5.9%) from 2023

Operations
Liabilities / Revenue99th percentileNet Margin24th percentile

Revenue

Down

$4,345,161

Down $3,991,810 (-48%) from 2023

Expenses

Down

$4,480,233

Down $3,807,553 (-46%) from 2023

Net Income

Down

-$135,072

Down $184,257 (-375%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth99th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150M$100M$50M$0Assets 2010: $718,005Liabilities 2010: $0Net Assets 2010: $718,0052010Assets 2011: $967,541Liabilities 2011: $0Net Assets 2011: $967,5412011Assets 2012: $2,168,572Liabilities 2012: $0Net Assets 2012: $2,168,5722012Assets 2013: $2,390,184Liabilities 2013: $0Net Assets 2013: $2,390,1842013Assets 2014: $6,030,614Liabilities 2014: $2,749,206Net Assets 2014: $3,281,4082014Assets 2015: $4,285,599Liabilities 2015: $1,336,432Net Assets 2015: $2,949,1672015Assets 2016: $5,860,279Liabilities 2016: $2,386,084Net Assets 2016: $3,474,1952016Assets 2017: $20,271,055Liabilities 2017: $15,894,214Net Assets 2017: $4,376,8412017Assets 2018: $14,072,559Liabilities 2018: $9,213,538Net Assets 2018: $4,859,0212018Assets 2019: $15,538,570Liabilities 2019: $14,569,645Net Assets 2019: $968,9252019Assets 2020: $16,765,861Liabilities 2020: $15,236,840Net Assets 2020: $1,529,0212020Assets 2021: $19,682,188Liabilities 2021: $17,455,661Net Assets 2021: $2,226,5272021Assets 2022: $19,438,166Liabilities 2022: $17,395,436Net Assets 2022: $2,042,7302022Assets 2023: $24,780,455Liabilities 2023: $22,676,914Net Assets 2023: $2,103,5412023Assets 2024: $109,139,283Liabilities 2024: $107,159,293Net Assets 2024: $1,979,9902024

Highlighted filing

2024

Assets$109,139,283
Liabilities$107,159,293
Net Assets$1,979,990
Open 2024 Filing

Operations Trend

Revenue Growth3rd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0-$5.0MExpenses 2010: $864,6922010Expenses 2011: $1,016,7252011Expenses 2012: $1,773,5882012Revenue 2013: $2,750,880Expenses 2013: $2,515,647Net Income 2013: $235,2332013Revenue 2014: $6,159,797Expenses 2014: $5,218,167Net Income 2014: $941,6302014Revenue 2015: $4,510,942Expenses 2015: $4,819,849Net Income 2015: -$308,9072015Revenue 2016: $5,362,578Expenses 2016: $4,832,982Net Income 2016: $529,5962016Revenue 2017: $7,468,624Expenses 2017: $6,678,064Net Income 2017: $790,5602017Revenue 2018: $8,047,287Expenses 2018: $7,599,349Net Income 2018: $447,9382018Revenue 2019: $4,579,132Expenses 2019: $8,608,992Net Income 2019: -$4,029,8602019Revenue 2020: $3,705,648Expenses 2020: $3,148,920Net Income 2020: $556,7282020Revenue 2021: $4,242,361Expenses 2021: $3,540,531Net Income 2021: $701,8302021Revenue 2022: $4,874,657Expenses 2022: $5,040,785Net Income 2022: -$166,1282022Revenue 2023: $8,336,971Expenses 2023: $8,287,786Net Income 2023: $49,1852023Revenue 2024: $4,345,161Expenses 2024: $4,480,233Net Income 2024: -$135,0722024

Highlighted filing

2024

Revenue$4,345,161
Expenses$4,480,233
Net Income-$135,072
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$109,139,283
Liabilities
$107,159,293
Net assets
$1,979,990
Revenue
$4,345,161
Expenses
$4,480,233
Net income
-$135,072
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$109$107$1.98$4.35$4.48$0.14
2023Detailed filing. Detailed filing data is available for this year.$24.8$22.7$2.10$8.34$8.29$0.05
2022Detailed filing. Detailed filing data is available for this year.$19.4$17.4$2.04$4.87$5.04$0.17
2021Detailed filing. Detailed filing data is available for this year.$19.7$17.5$2.23$4.24$3.54$0.70
2020Detailed filing. Detailed filing data is available for this year.$16.8$15.2$1.53$3.71$3.15$0.56
2019Detailed filing. Detailed filing data is available for this year.$15.5$14.6$0.97$4.58$8.61$4.03
2018Detailed filing. Detailed filing data is available for this year.$14.1$9.21$4.86$8.05$7.60$0.45
2017Detailed filing. Detailed filing data is available for this year.$20.3$15.9$4.38$7.47$6.68$0.79
2016Detailed filing. Detailed filing data is available for this year.$5.86$2.39$3.47$5.36$4.83$0.53
2015Detailed filing. Detailed filing data is available for this year.$4.29$1.34$2.95$4.51$4.82$0.31
2014Detailed filing. Detailed filing data is available for this year.$6.03$2.75$3.28$6.16$5.22$0.94
2013Detailed filing. Detailed filing data is available for this year.$2.39$0.00$2.39$2.75$2.52$0.24
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.17$0.00$2.17$1.77
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.97$0.00$0.97$1.02
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.72$0.00$0.72$0.86
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 15, 2025
Return Version
2024v5.1
Gross Receipts
$4,547,112
Mission and Program Overview

Mission

Individuals, who have been blessed financially, can accomplish their charitable objectives in the areas of religious, scientific, health, education and benevolence through the foundation.

Individuals, who have been blessed financially, can accomplish their charitable objectives in the areas of religious, scientific, health, education and benevolence through the foundation. To help individuals accomplish their charitable objectives in religious, educational, scientific, benevolent and health related activities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$1,025,373$965,261▼ $60,112
Investments in Publicly Traded Securities$457,601$470,500▲ $12,899
Cash and Non-Interest-Bearing Accounts$332,538$314,660▼ $17,878
Investments Other Securities$204,104$209,441▲ $5,337
Savings and Temporary Cash Investments$73,871--
Prepaid Expenses and Deferred Charges$22,045$27,553▲ $5,508
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related$0--
Land, Buildings, and Equipment, Net-$0-
Loans From Officers Directors-$0-
Total Assets$24,780,455$109,139,283▲ $84,358,828
Other Assets Total$22,664,923$107,151,868▲ $84,486,945
Liabilities
Other Liabilities$169,874$78,861,174▲ $78,691,300
Escrow Account Liability$22,495,049$28,290,694▲ $5,795,645
Accounts Payable and Accrued Expenses$11,991$7,425▼ $4,566
Total Liabilities$22,676,914$107,159,293▲ $84,482,379
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,962,769$1,769,562▼ $193,207
Net Assets Without Donor Restrictions$140,772$210,428▲ $69,656
Total Net Assets Fund Balance$2,103,541$1,979,990▼ $123,551
Total Liabilities and Net Assets / Fund Balance$24,780,455$109,139,283▲ $84,358,828

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$78,502,703--
Compensation and Service Providers
Top Officer Pay5th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Chris StroupPresidentPT$68,019$16,596$84,615
Jay HaddixCEOFT$64,610$14,459$79,069
Chris RosenhahnTreasurerPT$24,000-$24,000

Board Members and Trustees

NameTitle
Everett WaltersDirector
Kimberly TakkunenDirector
Richard HaynieDirector
Steven MerrimanDirector
Joni StillSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$3,752,921
Program Service Revenue
$543,466
Investment Income
$48,774
Other Revenue
$0
All Other Contributions
$3,442,921
Change in Net Assets
$-135,072

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Real Estate Residential1$84,000Market value
Total Noncash Contributions1$84,000-

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,338,325
Revenue Not Reported on Financial Statements
$6,836
Revenue Not Reported on Form 990
$11,521
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$4,349,846
Total Revenue per Form 990
$4,345,161
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,492,873
Grants and Similar Amounts Paid$737,614
Salaries, Compensation, and Employee Benefits$249,746
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$3,258,231--$3,258,231
Foreign Grants$737,614--$737,614
Current Officers, Directors, Trustees, and Key Employees$56,305$131,379-$187,684
Fees for Services Other$30,900$72,100$0$103,000
Fees for Services Accounting$19,335$45,115-$64,450
Other Salaries and Wages$9,989$23,308-$33,297
Occupancy$6,836$15,949-$22,785
Information Technology$5,657$13,199-$18,856
Other Employee Benefits$4,970$11,598-$16,568
Payroll Taxes$3,059$7,138-$10,197
Office Expenses$2,653$6,191-$8,844
Fees for Service Investment Mgmnt Fees-$6,836-$6,836
Conferences and Meetings$2,049$4,776-$6,825
Travel$914$2,132-$3,046
Pension Plan Contributions$600$1,400-$2,000
Total Functional Expenses$4,139,112$341,121$0$4,480,233

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$4,480,233
Expenses per Audited Statements$4,473,397
Total Expenses per Audited Statements$4,473,397
Expenses Not Reported on Financial Statements$6,836
Expenses Not Reported on Form 990$0
Other Expense Adjustments$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Bethel Bible ChurchTyler, TX501(c)(3)Program support$300,000
Hope for Brighter TomorrowsRancho Santa Margarita, CA501(c)(3)Program support$300,000
New Horizons FoundationColorado Springs, CO501(c)(3)Program support$80,114
Lifebridge Christian ChurchLongmont, CO501(c)(3)Program support$45,500
Myron Stratton HomeColorado Springs, CO501(c)(3)Program support$12,000

International Summary

Offices
0
Employees
0
Spending
$52,805

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
East Asia and the PacificProgram ServicesGeneral Support00$28,055
Middle East and North AfricaProgram ServicesGeneral Support00$24,750
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees-$0-
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Compensation$78,502,703
Federal Income Taxes$358,471
Charitable Unitrust Agreements-
Liability Under Crut-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B Review of form 990 by governing body

“The form 990 is reviewed by the board of the foundation prior to filing.”

Form 990, Part VI, Line 12C Conflict of interest policy

“The foundation annually reviews disclosure forms which board members and employees are required to complete. Any potential conflicts of interest are discussed and resolved by the board of directors. Any person with a conflict of interest will recuse themselves from discussion and they cannot vote on the issue. They are also not allowed to influence the decision of any other voting board member.”

Form 990, Part VI, Line 15A Process to establish compensation of top management official

“Compensation is established by consensus reviewing compensation comparability data and is documented on the compensation approval and executive salary review forms. Compensation is established by consensus of the board of directors after reviewing compensation comparability data and is documented on the compensation approval and executive salary review forms.”

Form 990, Part VI, Line 19 Required documents available to the public

“Governing documents, conflict of interest policy and financial statements are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Joy To The World Foundation
EIN
72-1551621
Phone
7192601173
Address
731 CHAPEL HILLS DR, COLORADO SPRINGS, CO 80920

Signing Officer

Name
Jay Haddix
Title
CEO
Phone
7192601173
Signed
2025-11-15
Discuss with paid preparer
Yes

Organization Details

Formed
2003
Legal Domicile
Co
Voting Board Members
8
Independent Board Members
5
Employees
2
Volunteers
50

Preparer

Firm
Forvis Mazars LLP
Address
111 South Tejon Suite 800, Colorado Springs, CO 80903-9848
Preparer
Adam R Smith
Phone
7194714290
Supplemental Narrative

Financial Statement Notes

Schedule D, Part IV, Line 2B Explanation of escrow agreement

“The foundation is the trustee of deferred compensation trusts. Each of which provides deferred compensation for a minister and their beneficiaries after retirement. The trusts funds are kept in the custody of the foundation. The foundation acts as an agent on behalf of the churches funding the trusts and the ministers and their beneficiaries. The foundation records the trust funds as an asset along with a corresponding liaiblity.”

Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote

“Management has evaluated their income tax positions under the guidance included in asc 740. Based on their review, management has not identified any material uncertain tax positions to be recorded or disclosed in the financial statements.”

Raw XML AppendixShowing 400 of 619 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION IS THE TRUSTEE OF DEFERRED COMPENSATION TRUSTS. EACH OF WHICH PROVIDES DEFERRED COMPENSATION FOR A MINISTER AND THEIR BENEFICIARIES AFTER RETIREMENT. THE TRUSTS FUNDS ARE KEPT IN THE CUSTODY OF THE FOUNDATION. THE FOUNDATION ACTS AS AN AGENT ON BEHALF OF THE CHURCHES FUNDING THE TRUSTS AND THE MINISTERS AND THEIR BENEFICIARIES. THE FOUNDATION RECORDS THE TRUST FUNDS AS AN ASSET ALONG WITH A CORRESPONDING LIAIBLITY.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part IV, Line 2b Explanation of escrow agreement
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote
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