Operation Gratitude Inc
- Assets
- $15.1m
- Revenue
- $6.3m
- Investments
- $0.0
- Employees
- 52
- Location
- Encino, CA
- Founding
- 09/2003
- Data as of
- 06/2023
- 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 12/2022, Operation Gratitude Inc employed 52 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 06/2023, Operation Gratitude Inc generated $6.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.0%) each year. All expenses for the organization totaled $7.1m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 8 years. 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
2023
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
IN MARCH OF 2003, OPERATION GRATITUDE SENT ITS FIRST FOUR CARE PACKAGES TO DEPLOYED SERVICE MEMBERS IN IRAQ. SINCE ITS INCEPTION, THE ORGANIZATION HAS PROVIDED AMERICANS ACROSS OUR COUNTRY THE OPPORTUNITY TO SAY "THANK YOU FOR YOUR SERVICE' THROUGH HANDS-ON VOLUNTEERISM, LIFTING THE SPIRITS OF DEPLOYED TROOPS, RECRUIT GRADUATES, VETERANS, MILITARY FAMILIES, AND FIRST RESPONDERS.DURING THE YEAR ENDED DECEMBER 31, 2022, OPERATION GRATITUDE ASSEMBLED AND DISTRIBUTED CARE PACKAGES OR THEIR EQUIVALENTS TO HUNDREDS OF THOUSANDS OF SERVICE MEMBERS, FIRST RESPONDERS, AND FAMILIES, ULTIMATELY SURPASSING THE NOTABLE MILESTONE OF OVER 3.8 MILLION RECIPIENTS IMPACTED SINCE OPERATION GRATITUDE'S INCEPTION.
OPERATION GRATITUDE, INC., HAS A MISSION TO HONOR OUR MILITARY AND FIRST RESPONDERS BY PROVIDING OPPORTUNITIES FOR AMERICANS TO EXPRESS THEIR GRATITUDE. THE ORGANIZATION HAS PROVIDED AMERICANS ACROSS OUR COUNTRY THE OPPORTUNITY TO SAY "THANK YOU FOR YOUR SERVICE" THROUGH HANDS-ON VOLUNTEERISM, LIFTING THE SPIRITS OF DEPLOYED TROOPS, RECRUIT GRADUATES, VETERANS, MILITARY FAMILIES AND FIRST RESPONDERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angela Brightman Struebing Director | Trustee | 5 | $0 |
Shirley Ross Director | Trustee | 5 | $0 |
Joe Kristol Director | Trustee | 5 | $0 |
Jennifer Cho Director | Trustee | 5 | $0 |
Mark Brown Director | Trustee | 5 | $0 |
Sharman Borncamp Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,224,145 |
| Noncash contributions included in lines 1a–1f | $4,053,904 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,224,145 |
| Total Program Service Revenue | $0 |
| Investment income | $127,453 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$22,391 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,329,207 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,782,668 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $388,263 |
| Compensation of current officers, directors, key employees. | $93,183 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,355,644 |
| Pension plan accruals and contributions | $66,187 |
| Other employee benefits | $91,520 |
| Payroll taxes | $148,565 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,505 |
| Fees for services: Accounting | $40,664 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $16,169 |
| Fees for services: Other | $149,373 |
| Advertising and promotion | $10,933 |
| Office expenses | $9,587 |
| Information technology | $101,939 |
| Royalties | $0 |
| Occupancy | $253,423 |
| Travel | $41,509 |
| 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 | $82,662 |
| Insurance | $67,157 |
| All other expenses | $12,581 |
| Total functional expenses | $7,095,003 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,111,980 |
| Savings and temporary cash investments | $32,951 |
| Pledges and grants receivable | $452,110 |
| 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 | $6,822,201 |
| Prepaid expenses and deferred charges | $225,145 |
| Net Land, buildings, and equipment | $79,632 |
| Investments—publicly traded securities | $3,235,038 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $108,219 |
| Total assets | $15,067,276 |
| Accounts payable and accrued expenses | $390,008 |
| 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 | $117,546 |
| Total liabilities | $507,554 |
| Net assets without donor restrictions | $13,102,570 |
| Net assets with donor restrictions | $1,457,152 |
| 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 | $15,067,276 |