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Blankets Of Hope Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 841730702 ✦ Brooklyn, NY ✦ Designated as a 501(c)(3)

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/

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.

Here 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):

    Nicholas Fioito (President & Ceo) [Trustee/Director]
  • Compensation: $103,000
  • Related: $0
  • Other: $0

    • Michael Fioito (Treasurer & Secretary) [Trustee/Director]
  • Compensation: $103,000
  • Related: $0
  • Other: $0

    • Claude Silver (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Alexander Coleman (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Allan Dowiak (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jane Goodman (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Phil Berg (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Nicole Buffett (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Herndon Graddick (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.blanketsofhope.com/

    Where can I find the form 990 for Blankets Of Hope Inc?

    The 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.

    Impact

    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.




    Wednesday, July 24, 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.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $0
  • Program Service Revenue: $5,000
  • Gross Receipts: $522,007

    • Assets and Liabilities:
  • Total Assets: $111,979
  • Total Liabilities: $32,314
  • Net Assets: $79,665
  • 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

    Principal Officer

    Nicholas Fiorito

    Main Address

    254 36TH STREET B442, BROOKLYN, NY, 11232

    NTEE Category

    Code: P85 - Human services

    If you are a representative of Blankets Of Hope Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.