Eco-Soap Bank
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
Eco-Soap Bank meets the 20 Standards for Charity Accountability.
Stated Purpose:
"to save, sanitize, and supply recycled hotel soap to the developing world."
Year, State Incorporated:
2015, PA
Eco-Soap Bank (ESB) reports that it creates and delivers soap and hygiene education to children in schools, health clinics, hospitals, and communities across ten countries in Africa and Asia. The organization works with economically disadvantaged women to start and operate soap-recycling initiatives. The women collect, sanitize, and recycle the partially used soap bars from hotels and factory waste.
For the year ended December 31, 2022, Eco-Soap Bank's program expenses were:
| Program services | $1,375,428 |
| Total Program Expenses | $1,375,428 |
Chief Executive
Samir Lakhani, Founder and Executive Director
Compensation*
$23,846
Chair of the Board
Shagun Ahluwalia
Chair's Profession / Business Affiliation
Principal Human Resources Business Partner, Amazon Web Services
Board Size
7
Paid Staff Size
10
*2022 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Method(s) Used:
Grant proposals, Internet
Fundraising costs were less than 1% of related contributions. (Related contributions, which totaled $1,755,598, 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 Eco-Soap Bank's audited financial statements for the year ended December 31, 2022.
Source of Funds
| Investment loss | $-17,230 |
| Program revenue | $314,279 |
| In-kind contributions | $381,765 |
| Contributions | $1,373,833 |
| Total Income | $2,052,647 |
Programs: 91% Fundraising: 1% Administrative: 9%
| Total Income | $2,052,647 |
| Total expenses: | $1,518,655 |
| Program expenses | $1,375,428 |
| Fundraising expenses | $13,539 |
| Administrative expenses | $129,688 |
| Other expenses | $0 |
| Income in Excess of Expenses | $533,992 |
| Beginning Net Assets | $678,235 |
| Other Changes In Net Assets | $0 |
| Ending Net Assets | $1,212,227 |
| Total Liabilities | $0 |
| Total Assets | $1,212,227 |
Note: According to ESB's 2022 audited financial statements, the organization received in-kind contributions of $381,765 in the form of soap.
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RELATED CONTENT
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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