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BLANKETS OF HOPE INC
BROOKLYN, NY · EIN 841730702 · Form 990 · FY2024 · NTEE P85 · Human Services · Small ($100K-$1M) · blanketsofhope.com
revenue
$269K
expenses
$263K
net assets
$85K
employees
2
volunteers
75
program ratio
76%
mission · from form 990

BLANKETS OF HOPE'S MISSION IS TO PROVIDE NEEDED PHYSICAL AND EMOTIONAL SUPPORT TO THE HOMELESS POPULATION. WITH THE HELP OF STUDENTS ACROSS THE COUNTRY AND BEYOND, THE ORGANIZATION DELIVERS PURPLE BLANKETS AND INSPIRATIONAL HANDWRITTEN NOTES TO PEOPLE EXPERIENCING HOMELESSNESS. BLANKETS OF HOPE HELPS FULFILL A BASIC NEED OF SAVING LIVES BY KEEPING PEOPLE WHO LIVE ON THE STREETS WARM DURING THE WINTER MONTHS WHILE ALSO LIFTING THEIR SPIRITS WITH WORDS OF ENCOURAGEMENT.

profile · synthesized from sources

Nonprofit organization founded in Brooklyn, NY that mobilizes students and employees to provide physical and emotional support to people experiencing homelessness. The organization distributes purple blankets accompanied by handwritten notes of encouragement, aiming to foster empathy and kindness while addressing basic needs during winter months. Programs are implemented through school and corporate partnerships across the United States.

named programs · 2 · from sources

What they call their work

BOH @ Work
Employee-volunteer program enabling corporate teams to participate in creating and donating blankets and handwritten notes to local shelters
Student Participation Program
Engages students through school partnerships to practice empathy by preparing blankets and inspirational notes for people experiencing homelessness
activities · 2 groups

What they do

  • Community Event-Based Giving Programs 1 activity
    • Employee volunteer workshops for blanket assembly and donation
      Organizes employee volunteer workshops for corporate teams (30–240 employees) to assemble and donate blankets to local shelters; provides one blanket per participating employee and sponsors one student’s participation in Blankets of Hope per employee.
  • Uncategorized 1 activity
    • Distribution of blankets and handwritten notes to individuals experiencing homelessness
      Delivers purple blankets and handwritten notes to individuals experiencing homelessness, with partnerships exceeding 500 schools resulting in over 150,000 blankets donated.
financials · form 990 · fy2024
revenue
Total revenue$269K
Contributions & grants$243K90%
Program service revenue$2K1%
Investment income$24K9%
Other revenue$0
expenses
Total expenses$263K
Program expenses76%
Admin / overhead15%
Fundraising9%
Salaries & benefits$142K
Grants paid out$0
Largest expense lineCompensation
balance sheet
Total assets$107K
Cash$104K
Investments$0
Liabilities$21K
Net assets$85K
Liquid reserves4.8 mo
5 years on record · 2020–2024 · YoY revenue -6.7%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 2
NameTitleHours/wkCompensation
MICHAEL FIORITO TREASURER & SECRETARY 40 $65K
NICHOLAS FIORITO PRESIDENT & CEO 40 $65K
board members · 7
  • ALEXANDER COLEMAN — BOARD MEMBER
  • ALLAN DOWIAK — BOARD MEMBER
  • CLAUDE SILVER — BOARD MEMBER
  • HERNDON GRADDICK — BOARD MEMBER
  • JANE GOODMAN — BOARD MEMBER
  • NICOLE BUFFETT — BOARD MEMBER
  • PHIL BERG — BOARD MEMBER
relationships · 3

Who they work with

  • Mike & Nick Fio Partner — Founders who virtually lead the BOH @ Work workshops.
  • Todd Chaffee Funder — Provided mentorship and financial support to scale Blankets of Hope.
  • students across the country and beyond Partner — Students participate in the production and distribution of blankets and handwritten notes.
strategies · 2

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.