My Very Own Blanket Project
- Assets
- $397.0k
- Revenue
- $2.6m
- Investments
- $219.5k
- Employees
- 4
- Location
- Westerville, OH
- Founding
- 08/2005
- Data as of
- 12/2023
- EIN
- 90-0198206
Organization Overview
My Very Own Blanket Project is located in Westerville, OH. The organization was established in 2005. According to its NTEE Classification (P30) the organization is classified as: Children & Youth Services, under the broad grouping of Human Services and related organizations. As of 12/2023, My Very Own Blanket Project employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. My Very Own Blanket Project 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, My Very Own Blanket Project generated $2.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 65.2% each year . All expenses for the organization totaled $2.5m during the year ending 12/2023. While expenses have increased by 61.6% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
MY VERY OWN BLANKET IS DEDICATED TO WARMING THE HEART OF EVERY CHILD IN THE FOSTER CARE SYSTEM WITH A BLANKET WHICH GIVES THEM A FEELING OF COMFORT, SECURITY, AND MOST OF ALL, A SMILE.WE CONNECT DIVERSE PEOPLE, COMMUNITY GROUPS, BUSINESSES AND SERVICES THROUGH THIS VOLUNTEER OPPORTUNITY AND MINISTRY TO OUR CHILDREN IN FOSTER CARE. THESE GIFTS ARE COMFORTING AND FAMILIAR AND CHILDREN CAN TAKE THEM FROM ONE HOME TO ANOTHER.THROUGH THE LOVING CARE OF VOLUNTEERS, THOUSANDS OF BLANKETS ARE DONATED EACH YEAR TO CHILDREN IN FOSTER CARE. EACH BLANKET IS PERSONALIZED WITH THE CHILD'S NAME, A TRADITION FOR "MY VERY OWN BLANKET" SINCE 1999.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE CONNECT DIVERSE PEOPLE, COMMUNITY GROUPS, BUSINESSES AND SERVICES THROUGH THIS VOLUNTEER OPPORTUNITY AND MINISTRY TO OUR CHILDREN IN FOSTER CARE. THESE GIFTS ARE COMFORTING AND FAMILIAR AND CHILDREN CAN TAKE THEM FROM ONE HOME TO ANOTHER. THROUGH THE LOVING CARE OF VOLUNTEERS, THOUSANDS OF BLANKETS ARE DONATED EACH YEAR TO CHILDREN IN FOSTER CARE. EACH BLANKET IS PERSONALIZED WITH THE CHILD'S NAME, A TRADITION FOR "MY VERY OWN BLANKET" SINCE 1999.WE HAVE HUNDREDS OF BLANKET ANGELS, WORKING ALONE OR WITH A GROUP, WHO MAKE BLANKETS OCCASIONALLY, OR JUST ONCE. WE ALSO HAVE ABOUT 60 ACTIVE BLANKET ANGELS FROM 49 STATES WHO HAVE MADE AN ONGOING, MULTI-YEAR COMMITMENT TO PROVIDING BLANKETS. WE VALUE EVERY BLANKET ANGEL AND EVERY BLANKET.DURING THE YEAR, OUR BLANKETS REACHED CHILDREN IN FOSTER CARE IN 49 STATES THROUGH OUR NON-PROFIT PARTNERS SUCH AS MY COMFY KITS, COMFORT CASES, MY STUFF BAGS, STITCHED TOGETHER, CARRYING HOPE, EL'LESUN, WENDY'S WONDERFUL KIDS AND BUCKEYE RANCH, AS WELL AS A GROWING NUMBER (300+) OF PUBLIC AND PRIVATE FOSTER CARE AGENCIES ACROSS THE U.S.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffery Corzine Board Chair | OfficerTrustee | 1 | $0 |
Randy Gabel Board Vice Chair | OfficerTrustee | 1 | $0 |
Brittany Yoder Treasurer | OfficerTrustee | 1 | $0 |
Robyn Newman Board Secretary | OfficerTrustee | 1 | $0 |
Jim Bownas Board Member And Legal Adv | Trustee | 1 | $0 |
Amy Swanson Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $16,200 |
| Related organizations | $0 |
| Government grants | $49,227 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,569,947 |
| Noncash contributions included in lines 1a–1f | $2,239,923 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,635,374 |
| Total Program Service Revenue | $0 |
| Investment income | $2,210 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,638,502 |
| 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. | $82,800 |
| Compensation of current officers, directors, key employees. | $4,140 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $31,499 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,744 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,895 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,865 |
| Advertising and promotion | $2,621 |
| Office expenses | $2,052 |
| Information technology | $2,817 |
| Royalties | $0 |
| Occupancy | $14,020 |
| Travel | $1,876 |
| 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 | $0 |
| Insurance | $392 |
| All other expenses | $869 |
| Total functional expenses | $2,520,628 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,348 |
| Savings and temporary cash investments | $135,140 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $219,469 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $396,957 |
| Accounts payable and accrued expenses | $4,101 |
| 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 | $4,101 |
| Net assets without donor restrictions | $392,856 |
| 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 | $396,957 |