Soles4Souls (S4S) distributes shoes and clothing. The organization reports that most new items it collects from corporations and retailers are given directly to people in need, both in the U.S. and overseas, through free distributions. In addition, S4S reports that it also receives millions of articles of used shoes and clothing that have been collected by individuals, schools, faith-based institutions, and civic organizations. The organization typically sells used shoes and clothing, as well as some new items allocated by manufacturers, to selected micro-enterprise organizations. Private and non-profit companies are contracted to provide shipping, financing, inventory, training and other support to small businesses in countries like Haiti. Through its micro-enterprise program, S4S works to help create self-sustaining jobs for those in need while also providing a source of funding to sustain its operations and program expansion. The organization reports that each year it coordinates some 25 groups of 15-20 people who travel with S4S to participate in their mission to countries including Bolivia, Haiti, India, the Philippines and Tanzania. The organization reports that it also acts as second-wave responders in times of disaster, providing shoes and clothing assistance in the U.S. and abroad.
For the year ended June 30, 2016, Soles4Souls's program expenses were:
Gifts in-kind |
$40,925,917 |
Program services |
$3,080,845 |
Total Program Expenses: |
$44,006,762 |
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Chief Executive
Earnest Teaster, Chief Executive Officer
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Compensation*
$251,257
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Chair of the Board
Bernadette Lane
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Chair's Profession / Business Affiliation
Senior Vice President of Special Projects, CCS
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Board Size
13
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Paid Staff Size
39
Method(s) Used:
Direct mail appeals, Grant proposals, Internet, Invitations to fund raising events, Planned giving arrangements, Cause- related marketing (affinity credit cards, consumer product sales, etc.)
Fundraising costs were 2% of related contributions. (Related contributions, which totaled $38,416,121, 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 - consolidated for the year ended June 30, 2016.
Source of Funds |
Corporate shoe donations |
$13,409,215 |
Clothing and other relief item donations |
$12,031,055 |
Retail store shoe drives |
$7,137,284 |
Community shoe drives |
$4,628,221 |
Micro-enterprise program fees |
$3,159,740 |
Contributions |
$1,210,346 |
International volunteer travel fees |
$356,556 |
Other income |
$10,993 |
Interest income |
$818 |
Total Income |
$41,944,228 |
- Programs: 97%
- Fundraising: 2%
- Administrative: Less than 1%
Total Income |
$41,944,228 |
Program expenses |
$44,006,762 |
Fundraising expenses |
$757,577 |
Administrative expenses |
$733,478 |
Other expenses |
$0 |
Total expenses: |
$45,497,817 |
Income in Excess of Expenses |
$-3,553,589 |
Beginning Net Assets |
$11,386,311 |
Other Changes In Net Assets |
$0 |
Ending Net Assets |
$7,832,722 |
Total Liabilities |
$2,608,714 |
Total Assets |
$10,441,436 |
Note: As reported in the organization's audited financial statements for the fiscal year ended June 30, 2016, S4S received in-kind donations totaling $37,205,775 in the form of shoes and clothing ($25,174,720), and other relief items ($12,031,055).