Operation Blankets Of Love
- Assets
- $4.6m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 3
- Location
- Granada Hills, CA
- Founding
- 03/2009
- Data as of
- 12/2023
- EIN
- 80-0238786
Organization Overview
Operation Blankets Of Love is located in Granada Hills, CA. The organization was established in 2009. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2023, Operation Blankets Of Love employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Operation Blankets Of Love 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 12/2023, Operation Blankets Of Love generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.4% each year . All expenses for the organization totaled $1.7m during the year ending 12/2023. While expenses have increased by 16.2% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION BLANKET OF LOVE IS A ONE-OF-A-KIND, NATIONALLY RECOGNIZED 501(C)(3) NON-PROFIT ANIMAL WELFARE EMERGENCY AND DISASTER RELIEF ORGANIZATION. SEE ATTACHED MISSION STATEMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
VOLUNTEERED SERVICES AND OUTREACH
GENERAL EXPLANATION-FUNDRAISING AND MERCHANDISE SALES AND COSTS PROVIDING MATERIAL COMFORT ITEMS TO HOMELESS ANIMALS IN SHELTERS, RESCUE GROUPS AND FOSTER HOMES.
DIRECT PUBLIC SOLICITIONS
OUTREACH FOR CORPORATION/FOUNDATION/ESTATE SPONSORSHIP AND DONATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eileen Smulson CEO | 40 | $135,000 | |
Bradley Smulson Director Of Operations | Officer | 40 | $90,000 |
Dr Robert Abrams V. President | Officer | 5 | $0 |
Laurie Vergo Treasurer | Officer | 5 | $0 |
Susan Newman Secretary | Officer | 5 | $0 |
Nayer Khankhanian Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $39,375 |
| Membership dues | $36,608 |
| Fundraising events | $380 |
| Related organizations | $0 |
| Government grants | $56,020 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,329,871 |
| Noncash contributions included in lines 1a–1f | $1,191,353 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,462,254 |
| Total Program Service Revenue | $0 |
| Investment income | $19,768 |
| Tax Exempt Bond Proceeds | $45,157 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$142 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,649,498 |
| 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. | $225,000 |
| Compensation of current officers, directors, key employees. | $111,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $34,768 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,616 |
| Fees for services: Management | $18,377 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,886 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $13,472 |
| Office expenses | $11,273 |
| Information technology | $786 |
| Royalties | $0 |
| Occupancy | $59,187 |
| Travel | $31,231 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,662 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,808 |
| Insurance | $5,627 |
| All other expenses | $0 |
| Total functional expenses | $1,659,852 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,910 |
| Savings and temporary cash investments | $2,567 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $50,791 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $33,074 |
| Investments—publicly traded securities | $4,496,783 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,602,125 |
| Accounts payable and accrued expenses | $4,954 |
| 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 | $0 |
| Total liabilities | $4,954 |
| Net assets without donor restrictions | $4,597,171 |
| 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 | $4,602,125 |