Soles4Souls
Meets Standards
Standards For Charity Accountability
Governance
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Board Oversight
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Board Size
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Board Meetings
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Board Compensation
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Conflict of Interest
Measuring Effectiveness
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Effectiveness Policy
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Effectiveness Report
Finances
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Program Expenses
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Fundraising Expenses
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Accumulating Funds
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Audit Report
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Detailed Expense Breakdown
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Accurate Expense Reporting
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Budget Plan
Fundraising & Info
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Truthful Materials
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Annual Report
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Website Disclosures
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Donor Privacy
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Cause Marketing Disclosures
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Complaints
Soles4Souls meets the 20 Standards for Charity Accountability.
Stated Purpose:
"to create sustainable jobs and provide relief by distributing shoes and clothing around the world."
Year, State Incorporated:
2006, AL
Soles4Souls reports that it works with its international partners to repurpose shoes and clothes to create economic, health, educational, service, and environmental opportunities for entrepreneurs and individuals in seven low-income countries. The organization also supplies new shoes and clothing to people in crisis situations. Soles4Souls partners with schools across the United States to get new athletic shoes to children who are experiencing homelessness. In 2023, the organization states that it diverted nine million pounds from landfills and distributed more than five million pairs of shoes and nearly five million pieces of clothing.
For the year ended June 30, 2023, Soles4Souls's program expenses were:
Program services: $7,370,686
In-kind distributions: $87,905,395
Total Program Expenses: $95,276,051
Chief Executive
Earnest (Buddy) Teaster, III, President and Chief Executive Officer
Compensation*
$407,866
Chair of the Board
Angela D. Harrell
Chair's Profession / Business Affiliation
Senior Vice President, Chief Diversity and Corporate Responsibility Officer, Voya Foundation
Board Size
21
Paid Staff Size
80
*2022 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Method(s) Used:
Direct mail appeals, Grant proposals, Internet, Direct mail appeals, Radio, Telemarketing, Print advertisements
Fundraising costs were 2% of related contributions. (Related contributions, which totaled $98,685,089, are donations received as a result of fundraising activities.)
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on Soles4Souls's audited financial statements for the year ended June 30, 2023.
Source of Funds
| Microenterprise program fees | $9,422,396 |
| Other earned income | $143,607 |
| Contributions | $3,695,724 |
| Investment income, net | $63,085 |
| International volunteer travel fees | $90,642 |
| In-kind contributions | $94,989,365 |
| Total Income | $108,404,819 |
Programs: 95% Fundraising: 2% Administrative: 3%
| Total Income | $108,404,819 |
| Total expenses: | $100,316,200 |
| Program expenses | $95,276,051 |
| Fundraising expenses | $1,900,693 |
| Administrative expenses | $3,139,456 |
| Other expenses | $0 |
| Income in Excess of Expenses | $8,088,619 |
| Beginning Net Assets | $29,180,322 |
| Other Changes In Net Assets | $0 |
| Ending Net Assets | $37,268,911 |
| Total Liabilities | $5,272,263 |
| Total Assets | $42,541,174 |
Note: According to Soles4Souls audited financial statements - consolidated - for the year ended June 30, 2023, the organization received $94,989,365 in contributed goods and services including corporate shoe donations ($56,088,092), clothing and other relief items ($27,099,383), and community shoe drives ($11,801,890).
An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.
This report is not to be used for fundraising or promotional purposes.
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Meets Standards
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Standards Not Met
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Did Not Disclose
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Review in Progress
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Unable to Verify
Report completed by:
BBB Wise Giving Alliance