Making a Difference With the Friends of Bill Mckoy Foundation
Public records show a registered, tax-exempt organization in good standing.
What it says it does
THE ORGANIZATION'S PRIMARY OBJECTIVE IS TO MAKE A POSITIVE DIFFERENCE IN THE LIVES OF INNER CITY YOUTH IN THE CITY OF PATERSON, NEW JERSEY. THE MOST SIGNIFICANT ACTIVITY IS THE ANNUAL DONATION OF TOYS TO VARIOUS NEEDY FAMILIES AT TWO PATERSON NJ HOUSING PROJECT SITES INCLUDING, BUT NOT LIMITED TO THE ALEXANDER HAMILTON & RIVERSIDE TERRACE HOUSING DEVELOPMENT SITES.
- Income
- $62,693
- Spending
- $63,099
- Reserves
- 2.3 months of spending
- Largest source of income
- donations and private grants, 92%
Source: Form 990EZ for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
We do not score finances when yearly spending is very small or the return has too little detail. The ratios stop meaning much at that size.
Source: Form 990EZ for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
This organization files the short tax form, which does not ask about boards, policies or audits. That is normal for a small charity and is not a mark against it.
Source: Form 990EZ for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (2)
- $6,374 spent. THURSDAY DECEMBER 5TH, 2024 MARKED THE RETURN OF THE ANNUAL TOYS FOR KIDS AND COMMUNITY AID DINNER HELD AT THE BROWNSTONE IN PATERSON NEW JERSEY. GIFT GIVEAWAY PARTY HELD AT MARTIN LUTHER KING JR. SCHOOL - PS 30 IN PATERSON, NJ. THE MOST SIGNIFICANT ACTIVITY IS THE ANNUAL DONATION OF TOYS TO VARIOUS NEEDY FAMILIES AT TWO PATERSON NJ HOUSING PROJECT SITES INCLUDING BUT NOT LIMITED TO THE ALEXANDER HAMILTON & RIVERSIDE TERRACE HOUSING DEVELOPMENT SITES.
- $54,428 spent. ON SATURDAY AUGUST 2ND, 2024 THE 62 ANNUAL INDEPENDENCE GALA, COMMUNITY DAY CELEBRATION WAS HELD. THE ORGANIZATION ALSO HAD A COMMUNITY CELEBRATION IN AUGUST WITH A VARIETY OF GIVEAWAYS. THE ORGANIZATION'S PRIMARY OBJECTIVE IS TO MAKE A POSITIVE DIFFERENCE IN THE LIVES OF INNER CITY YOUTH IN THE CITY OF PATERSON, NEW JERSEY. THE ORGANIZATION ALSO PROVIDED COMMUNITY ASSISTANCE INCLUDING PATERSON CARES, GRANDPARENTS AND RELATIVE CARE, PASSAIC COUNTY AFRICAN AMERICAN WOMEN, INC., ONE BLOOD DOMINO CLUB, PLUS ASSISTANCE TO LOCAL CHURCHES AND OTHER NON-PROFIT ORGANIZATIONS.
Source: Form 990EZ for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since March 2006.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.