SOS
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
SOS meets the 20 Standards for Charity Accountability.
Stated Purpose:
SOS is creating a healthier world by connecting communities with life-saving resources and building sustainable partnerships.
Year, State Incorporated:
2010, KY
SOS is improving global health equity through programs improving international and local health, advancing education and meeting the needs of victims in areas devastated by natural disasters or conflict.
For the year ended June 20, 2023, SOS's program expenses were:
| Program services | $5,212,048 |
| Total Program Expenses | $5,212,048 |
Chief Executive
Denise Sears, President and CEO
Chair of the Board
Mr. Jim Perry
Chair's Profession / Business Affiliation
Senior Vice President, Global Public Affairs Director, Brown-Forman Corporation
Board Size
14
Paid Staff Size
12
Method(s) Used:
Direct mail appeals, Invitations to fund raising events, Grant proposals, Internet, Appeals via Social Media (Facebook, etc.)
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 SOS's audited financial statements for the year ended June 20, 2023.
Source of Funds
| Non-cash contributions | $4,049,584 |
| Government grants | $700,000 |
| Cash contributions | $578,114 |
| Recycling revenue | $224,231 |
| Employee Retention Credit | $193,149 |
| Shipping revenue | $73,307 |
| Special events, net | $47,740 |
| Net investment income (loss) | $27,722 |
| Rental and other income | $9,909 |
| Gain (loss) on beneficial interest in foundation assets | $4,744 |
| Total Income | $5,908,500 |
Programs: 95% Fundraising: 3% Administrative: 3%
| Total Income | $5,908,500 |
| Total expenses: | $5,503,290 |
| Program expenses | $5,212,048 |
| Fundraising expenses | $146,117 |
| Administrative expenses | $145,125 |
| Other expenses | $0 |
| Income in Excess of Expenses | $405,210 |
| Beginning Net Assets | $6,101,188 |
| Other Changes In Net Assets | $0 |
| Ending Net Assets | $6,506,398 |
| Total Liabilities | $673,661 |
| Total Assets | $7,180,059 |
Total assets as reported above include $678,463 in property and equipment, net.
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.
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 serving Greater Kentucky and South Central Indiana