Operation Warm Inc
- Assets
- $17.9m
- Revenue
- $66.7m
- Investments
- $0.0
- Employees
- 57
- Location
- Glen Mills, PA
- Founding
- 03/2003
- Data as of
- 03/2024
- EIN
- 38-3663310
Organization Overview
Operation Warm Inc is located in Glen Mills, PA. The organization was established in 2003. According to its NTEE Classification (P60) the organization is classified as: Emergency Assistance, under the broad grouping of Human Services and related organizations. As of 03/2024, Operation Warm Inc employed 57 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Operation Warm 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 03/2024, Operation Warm Inc generated $66.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 20.4% each year . All expenses for the organization totaled $63.2m during the year ending 03/2024. While expenses have increased by 19.8% per year over the past 6 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION WARM PROVIDES WARMTH, CONFIDENCE, AND HOPE THROUGH BASIC NEED PROGRAMS, INCLUDING THE PROVISION OF BRAND-NEW WINTER COATS, SHOES AND SPORTS BRAS, THAT CONNECT UNDER-RESOURCED CHILDREN TO COMMUNITY RESOURCES THEY NEED TO THRIVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR VISION IS TO INSPIRE AND EMPOWER LOCAL COMMUNITIES TO SUPPORT UNDER-RESOURCED CHILDREN BY USING THE GIFT OF A COAT OR A PAIR OF SHOES AS A CATALYST FOR CONNECTION. WITH THIS GIFT, OUR PARTNERS CAN BUILD NATIONAL IMPACT PROGRAMS OR ACTIVATE HIGHLY FOCUSED PROGRAMS IN THEIR OWN COMMUNITIES. THESE RELATIONSHIPS ARE THE SPRINGBOARD THAT CAN GIVE CHILDREN ACCESS TO A HOST OF LIFE-SUSTAINING RESOURCES AND SERVICES.OPERATION WARM RECEIVED THE FOLLOWING DONATED SERVICES DURING 2024:- $300,000 - PACKAGING/TRANSPORTATION OF 19,153 BOXES OF CLOTHING- $182,200 - MARKETING AND COMMUNICATION- $61,590 - TRAINING- $18,000 - CONSULTING- $21,152 - OTHER
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard D Sanford Founder, CEO & Chairman | OfficerTrustee | 50 | $340,427 |
Stephanie D Cohen CPA Cfo, Treasurer & Secretary | OfficerTrustee | 50 | $225,243 |
Barry Abelson ESQ Director | Trustee | 1 | $0 |
Basil Anderson Director | Trustee | 1 | $0 |
Susan Bailey Director | Trustee | 1 | $0 |
Willie F Bailey Sr Director | Trustee | 1 | $14,844 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Patton Warehousing Llc Inventory Warehousing | 3/30/24 | $407,320 |
J's Mvp Realty Lp Landlord | 3/30/24 | $179,347 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,474,170 |
| All other contributions, gifts, grants, and similar amounts not included above | $64,773,313 |
| Noncash contributions included in lines 1a–1f | $47,447,026 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $66,247,483 |
| Total Program Service Revenue | $0 |
| Investment income | $413,927 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $56,056 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $66,717,466 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $955,044 |
| Compensation of current officers, directors, key employees. | $92,639 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,368,694 |
| Pension plan accruals and contributions | $79,355 |
| Other employee benefits | $116,643 |
| Payroll taxes | $300,489 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,837 |
| Fees for services: Accounting | $25,565 |
| Fees for services: Lobbying | $12,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $190,524 |
| Advertising and promotion | $210,755 |
| Office expenses | $100,057 |
| Information technology | $209,095 |
| Royalties | $0 |
| Occupancy | $180,956 |
| Travel | $108,747 |
| 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 | $2,234 |
| Insurance | $36,731 |
| All other expenses | $166,021 |
| Total functional expenses | $63,236,037 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,347 |
| Savings and temporary cash investments | $9,710,982 |
| Pledges and grants receivable | $912,888 |
| Accounts receivable, net | $8,187 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $692,034 |
| Prepaid expenses and deferred charges | $128,733 |
| Net Land, buildings, and equipment | $10,714 |
| Investments—publicly traded securities | $4,906,910 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,481,233 |
| Total assets | $17,872,028 |
| Accounts payable and accrued expenses | $271,035 |
| Grants payable | $0 |
| Deferred revenue | $962,311 |
| 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 | $1,545,597 |
| Total liabilities | $2,778,943 |
| Net assets without donor restrictions | $15,093,085 |
| Net assets with donor restrictions | $0 |
| 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 | $17,872,028 |