Overview
What is Blankets Of Hope Inc?
Blankets of Hope Inc, based in Brooklyn, New York, is a compassionate nonprofit organization dedicated to supporting the homeless population. Their primary mission involves distributing thousands of warm, purple blankets, along with handwritten notes filled with encouragement, to individuals experiencing homelessness across the United States. By partnering with students nationwide, the organization aims to fulfill both the physical and emotional needs of this vulnerable population, providing a basic necessity during cold winter months and lifting their spirits with heartfelt messages. The nonprofit, with a modest workforce of three individuals, is committed to making a tangible difference in the lives of those in need.
Official website here: www.blanketsofhope.com/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Star rating)
Blankets Of Hope Inc has received a rating of 88%, reflecting a solid performance in accountability and finance. The organization demonstrates a strong commitment to governance, with a board composed of 77% independent members and a high score for its financial statements, showing no material diversion of assets and an excellent liabilities to assets ratio. These factors contribute positively to its overall evaluation.
However, there are notable areas for improvement. The charity lacks a whistleblower policy and a document retention policy, which are important for ensuring transparency and accountability. Additionally, the absence of its tax form on the nonprofit's website may hinder public access to crucial financial information.
Overall, while Blankets Of Hope Inc shows commendable financial practices and governance structures, addressing the missing policies and documentation could enhance its accountability and strengthen stakeholder trust.
This AI summary has been generated from information found on Charity Navigator.
Is Blankets Of Hope Inc legitimate?
Blankets Of Hope Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Blankets Of Hope Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $206,001
Professional Fundraising Fees: $0
Other Salaries and Wages: $61,536
For more financial information, click here
Official website here: www.blanketsofhope.com/
What is the mission statement of Blankets Of Hope Inc?
Blankets of Hope Inc's mission is centered around providing essential support to the homeless population. Through the involvement of students nationwide and beyond, the organization distributes purple blankets and handwritten notes filled with encouragement to individuals experiencing homelessness. By fulfilling the basic need of keeping individuals warm during winter months, Blankets of Hope also aims to lift their spirits and offer emotional upliftment. The organization's activities contribute significantly to supporting the wellbeing of the homeless community.
Official website here: www.blanketsofhope.com/
Who is the CEO of Blankets Of Hope Inc?
Nicholas Fiorito is the President & Ceo of Blankets Of Hope Inc. The CEO's salary of Blankets Of Hope Inc is $103,000 and their total compensation is $103,000.
Official website here: www.blanketsofhope.com/
What is the revenue of Blankets Of Hope Inc?
Blankets Of Hope Inc's revenue in 2022 was $522,007.
Official website here: www.blanketsofhope.com/
Who are the executives of Blankets Of Hope Inc and what are their salaries?
The average compensation at Blankets Of Hope Inc during 2022 was $89,179. There are 3 employees and 82 volunteers at Blankets Of Hope Inc.
Here are 9 key members and their salaries (Blankets Of Hope Inc's CEO's salary is $103,000 and their total compensation is $103,000):
- Compensation: $103,000
- Related: $0
- Other: $0
- Compensation: $103,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.blanketsofhope.com/
Where can I find the form 990 for Blankets Of Hope Inc?
Blankets Of Hope Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.blanketsofhope.com/
Learn more at the official website: www.blanketsofhope.com/
Mission Statement of Blankets Of Hope Inc
Blankets Of Hope, a nonprofit organization, is dedicated to providing essential physical and emotional support to individuals experiencing homelessness. With the assistance of students from various parts of the country and beyond, this organization distributes purple blankets and handwritten notes filled with words of encouragement to individuals who are homeless. Blankets Of Hope plays a significant role in fulfilling a basic human need, which is to keep people warm during the winter months. By offering these blankets, the organization not only helps save lives but also uplifts the spirits of those living on the streets. The inspiring messages enclosed in the notes serve as a source of comfort and motivation for these individuals, offering them a glimmer of hope in challenging times.
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Impact
July, 2024
Blankets of Hope Inc has made a significant impact by distributing thousands of blankets with notes of encouragement to homeless individuals all over the United States. Their mission to provide needed physical and emotional support to the homeless population has helped save lives by keeping people who live on the streets warm during the winter months. Additionally, the organization has lifted the spirits of those experiencing homelessness with words of encouragement, bringing hope and comfort to those in need.
This information is meant to be a general summary of Blankets Of Hope Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $5,000
- Gross Receipts: $522,007
Assets and Liabilities:
- Total Assets: $111,979
- Total Liabilities: $32,314
- Net Assets: $79,665
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE INCOME
Revenue
$5,000
Organization Details
Founding Year
2019
Phone
(718) 614-4930Principal Officer
Nicholas Fiorito
Main Address
254 36TH STREET B442, BROOKLYN, NY, 11232
Website
www.blanketsofhope.com/NTEE Category
Code: P85 - Human services
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