THE HOMETOWN FOUNDATION INC

EIN: 200847683 501(c)(3) Philanthropy & Grantmaking

CHESHIRE, CT

Total Revenue
$6,377,548
Total Expenses
$4,368,868
Total Assets
$7,753,134
Net Assets
$7,190,546
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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
CT
Principal Officer
MICHAEL BOZZUTO
Phone
2032723511
Tax Period
2023-10-01 to 2024-09-30

THE HOMETOWN FOUNDATION INC, founded in 2002, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $6.4M in total revenue in fiscal year 2023. Revenue surged 43% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.0M, a strong 31% operating margin.

Mission

THE HOMETOWN FOUNDATION, INC. IS A NON-PROFIT CHARITABLE ORGANIZATION DEDICATED TO 5 PILLARS OF CHARITABLE FOCUS. OUR FOUNDATION'S YEAR-ROUND PROGRAMS AND INITIATIVES ARE CENTERED AROUND ANIMAL WELFARE, EMERGENCY RESPONSE PERSONNEL, INDIVIDUALS WITH INTELLECTUAL DISABILITIES OR IN NEED, MAJOR ILLNESS AND THE MILITARY.

Program Service Accomplishments

Program 1
Expenses: $458,760 Revenue: $2,278,352

AT THE HOMETOWN FOUNDATION, INC., WE KNOW THAT PETS ARE FAMILY. THAT IS WHY WE ARE PROUD SUPPORTERS OF THE ANIMAL WELFARE COMMUNITY. THROUGH OUR INITIATIVES TO HELP ANIMALS IN NEED, WE HAVE...

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AT THE HOMETOWN FOUNDATION, INC., WE KNOW THAT PETS ARE FAMILY. THAT IS WHY WE ARE PROUD SUPPORTERS OF THE ANIMAL WELFARE COMMUNITY. THROUGH OUR INITIATIVES TO HELP ANIMALS IN NEED, WE HAVE FACILITATED THE ADOPTION OF HUNDREDS OF DOGS AND CATS, DONATED THOUSANDS OF POUNDS PET FOOD, LITTER, AND MEDICAL SUPPLIES, HELPED TRANSPORT ANIMALS OUT OF NATURAL DISASTER STRICKEN AREAS, AND SO MUCH MORE. THE HOMETOWN FOUNDATION, INC. ALSO HOSTS A PET MONTH EVERY MAY IN CONJUNCTION WITH IGA RETAIL STORES. DURING THIS MONTH, THE STORES SELL HANG TAGS FOR $1 OR REUSABLE BAGS FOR $5 TO RAISE MONEY SO WE ARE ABLE TO CARRY OUT OUR INITIATIVES.

Program 2
Expenses: $405,123 Revenue: $369,470

THE HOMETOWN FOUNDATION, INC. RECOGNIZES THAT OUR EMERGENCY RESPONSE PERSONNEL DEDICATE THEIR LIVES AND TIME TO KEEPING OUR COMMUNITIES SAFE EVERY DAY. THEY ARE ALWAYS THERE WHEN WE NEED THEM MOST...

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THE HOMETOWN FOUNDATION, INC. RECOGNIZES THAT OUR EMERGENCY RESPONSE PERSONNEL DEDICATE THEIR LIVES AND TIME TO KEEPING OUR COMMUNITIES SAFE EVERY DAY. THEY ARE ALWAYS THERE WHEN WE NEED THEM MOST WHICH IS WHY WE HAVE MADE IT PART OF OUR MISSION TO GIVE BACK TO THEM. AS A FOUNDATION, WE FULLY SUPPORT OUR RESPONDERS THROUGH MONETARY DONATIONS AS WELL AS NECESSARY EQUIPMENT, ATTIRE, POLICE K-9S AND SO MUCH MORE. THE FOUNDATION PROVIDES EDUCATIONAL PROGRAMS AND TRAINING OPPORTUNITIES FOR POLICE AND FIREFIGHTERS AROUND THE COUNTRY THROUGH OUR EXPOS AND PROGRAMS. ON-SITE TRAINING IS PROVIDED IN OUR WAREHOUSES AND COMPANY-OWNED FACILITIES FOR THE RESPONSE PERSONNEL TO USE AT THEIR CONVENIENCE. AT THE HOMETOWN FOUNDATION, INC. WE RECOGNIZE THE IMPORTANCE OF OUR MILITARY AND APPRECIATE THEIR DEDICATION TO OUR COUNTRY. THEY HELP KEEP US SAFE EVERY DAY AND WE CAN NEVER THANK THEM ENOUGH FOR ALL THAT THEY DO. HERE AT THE FOUNDATION, WE PROVIDE EMOTIONAL AND PHYSICAL SUPPORT BY HONORING FALLEN MEMBERS THROUGH THE DONATION OF POLICE K-9S AS WELL AS DONATING PTSD DOGS TO VETERANS. WE HAVE ALSO SUPPORTED VETERAN JOB FAIRS TO ASSIST IN CONNECTING AND INTEGRATING VETERANS AND ACTIVE DUTY MEMBERS OF THE MILITARY. WE PLAN TO CONTINUE OUR SUPPORT FOR ACTIVE DUTY MEMBERS AND VETERANS THROUGH OUR K-9 DONATIONS, PTSD DOG DONATIONS AND FUNDRAISING EVENTS TO INCREASE SUPPORT FOR VETERANS, MILITARY INDIVIDUALS AND FAMILIES. WE LOOK FORWARD TO INCREASING OUR INVOLVEMENT WITH THE MILITARY COMMUNITY EACH AND EVERY DAY TO HELP SUPPORT THOSE WHO SERVE OUR COUNTRY DAILY.

Program 3
Expenses: $2,500,651 Revenue: $3,729,726

THE HOMETOWN FOUNDATION, INC. BEGAN WITH A MISSION TO RAISE MONEY FOR SPECIAL OLYMPICS AND INDIVIDUALS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES. THE FOUNDATION HAS RAISED MILLIONS OF DOLLARS...

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THE HOMETOWN FOUNDATION, INC. BEGAN WITH A MISSION TO RAISE MONEY FOR SPECIAL OLYMPICS AND INDIVIDUALS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES. THE FOUNDATION HAS RAISED MILLIONS OF DOLLARS FOR INDIVIDUALS WITH INTELLECTUAL DISABILITIES OR IN NEED. THROUGH OUR SIGNATURE EVENT, THE DREAM RIDE EXPERIENCE, WE BRING PEOPLE TOGETHER FROM ALL OVER THE WORLD TO CELEBRATE INCLUSION AND UNDERSTANDING. THE HOMETOWN FOUNDATION, INC. IS PROUD TO SUPPORT SPECIAL OLYMPIC ATHLETES BY BRINGING THEM TO ONE-OF-A-KIND EVENTS, LEADERSHIP CONFERENCES AND TEACHING THEM ABOUT THE IMPORTANCE OF A HEALTHY LIFESTYLE. AMAZINGLY, BECAUSE OF YOUR GENEROSITY, THE HOMETOWN FOUNDATION INC. WAS EVEN ABLE TO SEND THE SPECIAL OLYMPICS CONNECTICUT TEAM TO THE 2018 USA GAMES IN SEATTLE. HOWEVER, OUR INITIATIVE DOESN'T END WITH INDIVIDUALS WITH DISABILITIES. WE ARE DEVOTED TO HELPING ALL THOSE WHO ARE FACING CHALLENGES. IN 2018 WE STARTED AN ANNUAL TRADITION TO BRING THOUSANDS OF TURKEYS TO FAMILIES IN THE GREATER NEW YORK CITY AREA WHO ARE UNABLE TO HAVE THEIR OWN THANKSGIVING DINNER. WE ALSO SPONSOR TOY DRIVES FOR UNDERSERVED CHILDREN DURING THE HOLIDAY SEASON AND PROVIDE SUPPORT ANIMALS AND RESOURCES TO THOSE SUFFERING FROM PTSD. THE HOMETOWN FOUNDATION, INC. IS COMMITTED TO HELPING THOSE AFFECTED BY MAJOR ILLNESSES. WE KNOW THE STRESS AND PAIN THAT COMES ALONG WITH A DIAGNOSIS; THAT IS WHY WE DEVELOPED OUR YEAR-ROUND MAJOR ILLNESS INITIATIVE. ILLNESS, BOTH CHRONIC AND ACUTE, CAN TAKE ITS TOLL ON MANY FAMILIES. WE ARE PROUD TO SUPPORT INDIVIDUALS, ORGANIZATIONS, PROGRAMS AND STUDIES THAT ASSIST IN VARIOUS AREAS OF CARE. THROUGHOUT THE FOUNDATION'S TWO DECADES, WE HAVE SUPPORTED VARIOUS CHARITIES FOR CANCER, HEART DISEASE, SICKLE CELL ANEMIA, AND MORE. THIS SUPPORT HAS RANGED FROM MAKING THE WISHES OF SICK CHILDREN COME TRUE, TO FUNDING RESEARCH AND EVERYTHING IN BETWEEN. WE ARE PROUD TO SUPPORT THE MEDICAL COMMUNITY AND THOSE SUFFERING FROM MAJOR ILLNESS IN OUR GOAL OF CREATING A HEALTHIER COMMUNITY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $6,375,550
Program Service Revenue $0
Investment Income $1,998
Other Revenue $0
TOTAL REVENUE $6,377,548

Expense Breakdown

Grants Paid $2,780,369
Salaries & Benefits $0
Fundraising Expenses $996,457
Program Expenses $3,364,534
Other Expenses $1,588,499
TOTAL EXPENSES $4,368,868

Year-over-Year Comparison

2023 2022 Change
Revenue $6,377,548 $4,447,184 +0.4%
Expenses $4,368,868 $3,564,306 +0.2%
Net Income $2,008,680 $882,878 +1.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
3
Independent Members
N/A
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL BOZZUTO PRESIDENT 1.00
Officer Director
$0 $0 $0
JULIANA ESPOSITO SECRETARY 1.00
Officer Director
$0 $0 $0
JOSEPH CALVANESE V.PRESIDENT 1.00
Officer Director
$0 $0 $0
BERT CONDREN TREASURER 1.00
Officer Director
$0 $0 $0
DANIEL DESANTIS DIRECTOR 1.00
Director
$0 $0 $0
DOMINIC PAPA DIRECTOR 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $6,377,548 $4,368,868 $7,753,134 $2,008,680
2023 $4,447,184 $3,564,306 $5,511,203 $882,878
2022 $3,709,489 $2,744,141 $4,638,062 $965,348
2021 $2,959,154 $1,961,832 $3,675,252 $997,322
2020 $2,114,666 $1,851,774 $2,624,181 $262,892
2019 $2,652,796 $1,985,562 $2,430,072 $667,234
2018 $2,060,351 $1,755,369 $1,616,664 $304,982
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