The Hometown Foundation
Legal name: The Hometown Foundation Inc
Nonprofit profile at a glance
- EIN
- 200847683
- IRS 990 coverage
- 2014–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Cheshire, CT, US
- Phone
- (203) 250-5661
- Rating
- 54
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Named Trusts N.E.C.
Reported finances
- Revenue
- $7,402,037
- Expenses
- $6,384,301
- Assets
- $12,220,985
- Liabilities
- $3,715,875
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- MICHAEL BOZZUTO (PRESIDENT)
- JOSEPH CALVANESE (V.PRESIDENT)
People named in this filing
- MICHAEL BOZZUTO (PRESIDENT)
- JULIANA ESPOSITO (SECRETARY)
- JOSEPH CALVANESE (V.PRESIDENT)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
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.
What it reported doing in 2024
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.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 92% of its reported program spending out as grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
MIXED - The filed numbers largely add up and program spending has grown recently. A relatively small share of voting board members are independent and a relatively small share of available resources goes toward mission work.
Rating breakdown
- Financial Efficiency: 56
- Transparency & Controls: 65
- Accountability: 18
- Sustainability: 65
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 57.8%; rating input score 58
- Program expense ratio: 66.9%; rating input score 67
- Fundraising efficiency: $3.61 raised per $1 spent on fundraising; rating input score 11; 11th percentile among comparable filings
Transparency & Controls
- Consistency checks: 93.8%; rating input score 94; 20th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: 1 of 8 controls in place; rating input score 12
- Claims monitoring procedures: Pass
- Requires narrative reports: Fail
- Conducts field audits: Fail
- May suspend future funding: Fail
- Requires financial reports: Fail
- Conducts site visits: Fail
- Requires grant agreements: Fail
- May require repayment: Fail
- Grant itemization coverage: 51.9%; rating input score 52; 16th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 0%; rating input score 0; 3rd percentile among comparable filings
- Governance controls: 3 of 7 controls in place; rating input score 43
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 13.7%; rating input score 69; 69th percentile among comparable filings
- Total-asset coverage ratio: 1.91; rating input score 60; 60th percentile among comparable filings
- Liabilities to assets ratio: 0.3; rating input score 34; 34th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 91; 91st percentile among comparable filings
Growth
- Program expense growth: 10.7% per year; rating input score 100; 66th percentile among comparable filings
- Revenue growth: 15.5% per year; rating input score 100; 83rd percentile among comparable filings
- Asset growth: 23.2% per year; rating input score 100; 88th percentile among comparable filings
Details
- What they do: 9 programs and campaigns described on the official site · 2 operating locations identified
- Where the money goes: 57.8% of revenue deployed · 66.9% of spending went to programs
- Governance: 0 of 3 board members independent · 3 of 7 filing controls reported
- Programs: 3 filed program accomplishments · $4.3M in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 21 of 23 current checks pass · 2 findings to review
- Schedules: 9 filed schedules · includes major donors, foreign activity, and grants
- Filing history: 11 filing years from 2014 to 2024
- Contacts: How to reach this organization
- Money network: 40 filed money-flow records
- Related organizations: 39 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Accountability: Independent voting board scored 0/100.
- Review — Financial Efficiency: Mission deployment rate scored 58/100.
- High — Transparency & Controls: Foreign activity oversight: 7 of 8 not reported.
- Moderate — Accountability: Governance controls: 4 of 7 not reported.
- High — Financial Efficiency: Fundraising efficiency scored 11/100.
- Review — Transparency & Controls: Grant itemization coverage scored 52/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Review — Transparency & Controls: Foreign grant itemization did not reconcile in the filed values.
- Moderate — Sustainability: Liabilities to assets ratio scored 34/100.