Nonprofit · EIN 71-0820020
JOYCORPS PROJECT
Tax-exempt · FARMINGTON, AR 72730
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $409,694 | $474,619 | -$64,925 | $23,547 | $18,108 | $5,439 |
| December 31, 2023 | 990 | $577,133 | $580,603 | -$3,470 | $70,930 | $566 | $70,364 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $355,406
- Program service revenue
- $50,162
- Investment income
- $0
- Other revenue
- $4,126
Expenses
- Grants and similar amounts paid
- $58,081
- Compensation of officers, directors and key employees
- $51,486
- Other salaries and wages
- $36,000
- Salaries, compensation and benefits (total)
- $96,695
- Professional fundraising fees
- $0
- Accounting fees
- $13,988
- Occupancy
- $10,380
- Travel
- $45,690
- Program services (functional)
- $286,992
- Management and general (functional)
- $120,918
- Fundraising (functional)
- $66,709
Balance sheet and other
- Total assets, start of year
- $70,930
- Total assets, end of year
- $23,547
- Total liabilities, end of year
- $18,108
- Net assets, end of year
- $5,439
- Net assets without donor restrictions
- $5,439
- Gross receipts
- $409,694
- Employees
- 1
- Volunteers
- 4
- Year formed
- 1999
- State of legal domicile
- AR
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Sam Parakkal | Executive Director Officer | 40 | $42,486 | $10,167 |
| Kristen Willard | Board Chair Trustee or director, Officer | 1 | $0 | $0 |
| Henry Ho | Board Member Trustee or director | 1 | $0 | $0 |
| Lisa Pineira | Board Member Trustee or director | 1 | $0 | $0 |
| Demi Lloyd Kiersznoeski | Board Member Trustee or director | 0 | $0 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SAM PARAKKAL | EXECUTIVE DIRECTOR Officer | 40 | $54,655 | $1,640 |
| RACHEL MEISEL | US DIRECTOR Officer | 20 | $34,650 | $1,040 |
| KRISTEN WILLARD | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| HENRY HO | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LISA PINEIRA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DEMI LLOYD KIERSZNOWSKI | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 128 SOUTHWINDS RD STE 3, FARMINGTON, AR 72730-8685
- In care of
- % SAM PARAKKAL
- Signed the 990
- SAM PARAKKAL, Executive Director
- Website
- joycorps.org
- Return prepared by
- Thrive Advisory Solutions LLC
Mission
We equip entrepreneurs by providing relevant services for different stages of a ventures journey, from concept to scale. Were on a mission to create 3,000 jobs in developing countries by 2030.
Program accomplishments
- Assess and accelerate social businesses in Central Asia by training local artisans and entrepreneurs to produce marketable products, creating sustainable jobs and positive community impact.Expenses $286,992 · grants $58,081 · revenue $46,105
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 71-0820020
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1999
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- International, foreign affairs and national security (Q320)
- Assets (IRS master file)
- $23,547
- Income (IRS master file)
- $409,694
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $409,694 | $474,619 | $23,547 | XML |
| 990 | December 2023 | $577,133 | $580,603 | $70,930 | XML |
| 990 | December 2022 | $483,922 | $608,914 | $78,682 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 71-0820020).
Questions about JOYCORPS PROJECT
- What is the EIN of JOYCORPS PROJECT?
- The employer identification number (EIN) of JOYCORPS PROJECT is 71-0820020.
- Is JOYCORPS PROJECT tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
- Are donations to JOYCORPS PROJECT tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does JOYCORPS PROJECT file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of JOYCORPS PROJECT due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did JOYCORPS PROJECT last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who are the officers and directors of JOYCORPS PROJECT?
- The 990 for the year ended December 31, 2024 lists 5 people; 1 received compensation from the organization, the highest $42,486 (Sam Parakkal, Executive Director).
- How much revenue does JOYCORPS PROJECT have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $409,694, expenses of $474,619 and total assets of $23,547 at year end.
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All nonprofits in FARMINGTON · Arkansas · International, foreign affairs and national security