Nonprofit · EIN 84-1730702
BLANKETS OF HOPE INC
Tax-exempt · BROOKLYN, NY 11232
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $269,048 | $263,088 | $5,960 | $106,820 | $21,392 | $85,428 |
| December 31, 2023 | 990 | $288,275 | $321,533 | -$33,258 | $86,715 | $7,247 | $79,468 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $242,634
- Program service revenue
- $2,416
- Investment income
- $23,998
- Net gain from sales of assets
- $23,998
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $130,770
- Salaries, compensation and benefits (total)
- $142,023
- Professional fundraising fees
- $0
- Accounting fees
- $6,129
- Occupancy
- $20,793
- Travel
- $4,205
- Program services (functional)
- $199,490
- Management and general (functional)
- $38,712
- Fundraising (functional)
- $24,886
Balance sheet and other
- Total assets, start of year
- $86,715
- Total assets, end of year
- $106,820
- Total liabilities, end of year
- $21,392
- Net assets, end of year
- $85,428
- Net assets without donor restrictions
- $85,428
- Gross receipts
- $333,872
- Employees
- 2
- Volunteers
- 75
- Year formed
- 2019
- State of legal domicile
- NY
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 |
|---|---|---|---|
| NICHOLAS FIORITO | PRESIDENT & CEO Trustee or director, Officer | 40 | $65,385 |
| MICHAEL FIORITO | TREASURER & SECRETARY Trustee or director, Officer | 40 | $65,385 |
| CLAUDE SILVER | BOARD MEMBER Trustee or director | 1 | $0 |
| ALEXANDER COLEMAN | BOARD MEMBER Trustee or director | 1 | $0 |
| ALLAN DOWIAK | BOARD MEMBER Trustee or director | 1 | $0 |
| JANE GOODMAN | BOARD MEMBER Trustee or director | 1 | $0 |
| PHIL BERG | BOARD MEMBER Trustee or director | 1 | $0 |
| NICOLE BUFFETT | BOARD MEMBER Trustee or director | 1 | $0 |
| HERNDON GRADDICK | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NICHOLAS FIORITO | PRESIDENT & CEO Trustee or director, Officer | 40 | $99,000 |
| MICHAEL FIORITO | TREASURER & SECRETARY Trustee or director, Officer | 40 | $99,000 |
| CLAUDE SILVER | BOARD MEMBER Trustee or director | 1 | $0 |
| ALEXANDER COLEMAN | BOARD MEMBER Trustee or director | 1 | $0 |
| ALLAN DOWIAK | BOARD MEMBER Trustee or director | 1 | $0 |
| JANE GOODMAN | BOARD MEMBER Trustee or director | 1 | $0 |
| PHIL BERG | BOARD MEMBER Trustee or director | 1 | $0 |
| NICOLE BUFFETT | BOARD MEMBER Trustee or director | 1 | $0 |
| HERNDON GRADDICK | BOARD MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 254 36TH STREET B442, BROOKLYN, NY 11232-2408
- In care of
- % NICK FIORITO
- Principal officer (990 for 2024)
- NICHOLAS FIORITO, 254 36TH STREET B442, BROOKLYN, NY 11232
- Signed the 990
- NICHOLAS FIORITO, PRESIDENT
- Phone
- (718) 614-4930
- Website
- HTTPS://BLANKETSOFHOPE.COM/
- Return prepared by
- PRAGER METIS CPAS LLC
Mission
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.
Program accomplishments
- DISTRIBUTION OF THOUSANDS OF BLANKETS WITH NOTES OF ENCOURAGEMENT TO HOMELESS INDIVIDUALS ALL OVER THE UNITED STATES.Expenses $199,490 · revenue $2,416
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
- 84-1730702
- 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
- 2019
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P85)
- Assets (IRS master file)
- $106,820
- Income (IRS master file)
- $333,872
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $269,048 | $263,088 | $106,820 | XML |
| 990 | December 2023 | $288,275 | $321,533 | $86,715 | XML |
| 990 | December 2022 | $522,007 | $674,174 | $111,979 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | 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 84-1730702).
Questions about BLANKETS OF HOPE INC
- What is the EIN of BLANKETS OF HOPE INC?
- The employer identification number (EIN) of BLANKETS OF HOPE INC is 84-1730702.
- Is BLANKETS OF HOPE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to BLANKETS OF HOPE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BLANKETS OF HOPE INC 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 BLANKETS OF HOPE INC 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 BLANKETS OF HOPE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of BLANKETS OF HOPE INC?
- The 990 for the year ended December 31, 2024 names NICHOLAS FIORITO.
- Who are the officers and directors of BLANKETS OF HOPE INC?
- The 990 for the year ended December 31, 2024 lists 9 people; 2 received compensation from the organization, the highest $65,385 (NICHOLAS FIORITO, PRESIDENT & CEO).
- How much revenue does BLANKETS OF HOPE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $269,048, expenses of $263,088 and total assets of $106,820 at year end.
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