Operation Gratitude Inc
- Assets
- $20.1m
- Revenue
- $20.0m
- Investments
- $0.0
- Employees
- 44
- Location
- Encino, CA
- Founding
- 09/2003
- Data as of
- 12/2021
- EIN
- 20-0103575
Organization Overview
Operation Gratitude Inc is located in Encino, CA. The organization was established in 2003. According to its NTEE Classification (W19) the organization is classified as: Support N.E.C., under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Operation Gratitude Inc employed 44 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Operation Gratitude Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Operation Gratitude Inc generated $20.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.8% each year . All expenses for the organization totaled $20.4m during the year ending 12/2021. While expenses have increased by 13.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION GRATITUDE PROVIDES OPPORTUNITIES TO SAY THANK YOU TO OUR MILITARY & FIRST RESPONDERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE YEAR ENDED DECEMBER 31, 2021, OPERATION GRATITUDE ASSEMBLED AND DISTRIBUTED CARE PACKAGES AND THEIR EQUIVALENTS TO HUNDREDS OF THOUSANDS OF SERVICE MEMBERS, FIRST RESPONDERS AND FAMILIES, ULTIMATELY SURPASSING THE NOTABLE MILESTONE OF OVER 3.4 MILLION RECIPIENTS IMPACTED SINCE OPERATION GRATITUDE'S INCEPTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin M Schmiegel CEO (until July 2021) | Officer | 60 | $191,596 |
Carolyn Blashek Special Advisor | 20 | $160,447 | |
Paul Cucinotta CFO & COO | Officer | 60 | $134,203 |
James C Johnson President & CEO | Officer | 60 | $133,846 |
Cheryl Zerah Corporate Secretary & VP Admin. | Officer | 50 | $130,448 |
John Laskodi COO | Officer | 60 | $51,192 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $427,557 |
| All other contributions, gifts, grants, and similar amounts not included above | $19,191,291 |
| Noncash contributions included in lines 1a–1f | $12,908,467 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,618,848 |
| Total Program Service Revenue | $0 |
| Investment income | $137,874 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $219,619 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,976,341 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $14,086,898 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $662,205 |
| Compensation of current officers, directors, key employees. | $128,189 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,138,434 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $99,121 |
| Payroll taxes | $205,693 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,400 |
| Fees for services: Accounting | $33,556 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $54,943 |
| Fees for services: Other | $318,557 |
| Advertising and promotion | $35,187 |
| Office expenses | $48,676 |
| Information technology | $127,479 |
| Royalties | $0 |
| Occupancy | $491,159 |
| Travel | $105,065 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $67,240 |
| Insurance | $94,676 |
| All other expenses | $11,356 |
| Total functional expenses | $20,380,613 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,553,857 |
| Savings and temporary cash investments | $482,920 |
| Pledges and grants receivable | $229,627 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $8,087,113 |
| Prepaid expenses and deferred charges | $246,155 |
| Net Land, buildings, and equipment | $285,187 |
| Investments—publicly traded securities | $7,139,766 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $78,822 |
| Total assets | $20,103,447 |
| Accounts payable and accrued expenses | $281,866 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $30,120 |
| Total liabilities | $311,986 |
| Net assets without donor restrictions | $18,053,005 |
| Net assets with donor restrictions | $1,738,456 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $20,103,447 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Operation Gratitude Inc has recieved totaling $1,274.
| Awarding Organization | Amount |
|---|---|
Richey May Cares Foundation Englewood, CO PURPOSE: TO PROVIDE A TANGIBLE EXPRESSION OF GRATITUDE TO THE HEROES WHO ARE BRAVELY SERVING OUR COUNTRY. | $774 |
Bailey Family Foundation Inc Vero Beach, FL PURPOSE: CHARITABLE PURPOSES | $500 |
Endowment Analysis
| Beg. Balance | $12,577 |
| Ending Balance | $12,577 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Operation Gratitude Inc Encino, CA | $20,103,447 | $19,976,341 |
Paws For Purple Hearts Penngrove, CA | $4,812,495 | $9,308,856 |
Arizona Blue Stake Inc Tempe, AZ | $5,464,541 | $3,112,118 |
Affiliated Tribes Of Northwest Indians Portland, OR | $2,553,043 | $2,072,357 |
Sjs Partners Inc Sacramento, CA | $67,912,977 | $238,982 |
Oahu Veterans Council Honolulu, HI | $4,565,552 | $130,412 |
Musaadah Charity Newbury Park, CA | $47,303 | $292,583 |
Hawaii State Teachers Association-Retired Honolulu, HI | $1,225,444 | $377,541 |
Dana Point 5th Marine Regiment Support Group Dana Point, CA | $629,105 | $297,634 |
California Association Of Private Special Education Schools Sacramento, CA | $472,696 | $346,827 |
Global One80 Mesa, AZ | $45,038 | $203,788 |
Kauai Veterans Council Lihue, HI | $762,228 | $208,223 |