Overview
What is Soles4Souls Inc?
Soles4Souls Inc is a global not-for-profit organization based in Old Hickory, Tennessee. They collect and distribute new and used shoes, clothing, and essential items to people in need, both locally and internationally. With a network of volunteer organizations and cooperating charities, they have distributed over 13 million pairs of shoes, 7 million pieces of clothing, and other crucial supplies to individuals living in poverty or affected by natural disasters. Through their Opportunity Programs, Soles4Souls partners with NGOs in countries like Haiti, Honduras, Guatemala, and Moldova to provide resources and help establish microenterprises, creating sustainable jobs in impoverished communities.
Official website here: www.soles4souls.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 99% (Four-Star out of Four Stars)
Soles4Souls Inc. has achieved an impressive 99% rating from Charity Navigator, which indicates a high level of organizational excellence and transparency. The rating reflects strong performance in accountability and finance, leadership and adaptability, and culture and community. With a program expense ratio of 95.60% and a fundraising efficiency ratio of $0.022, the organization demonstrates effective use of donor funds while maintaining a majority independent board, showcasing its commitment to best practices in governance.
User reviews highlight transformative experiences from volunteering with Soles4Souls, particularly during international trips. Many volunteers expressed how these experiences not only allowed them to provide essential aid, such as shoes to children in need, but also significantly impacted their own perspectives on poverty and community. The organization is praised for its well-organized trips, professional leadership, and the meaningful connections volunteers make with the communities they serve. Reviewers often describe a sense of fulfillment and personal growth as they engage with individuals facing hardships.
While the feedback is overwhelmingly positive, some reviews hint at the emotional challenges of witnessing poverty firsthand, suggesting a profound, albeit sometimes difficult, perspective shift for volunteers. Nevertheless, Soles4Souls continues to be recognized for its dedication to making a difference both locally and globally through innovative programs that empower individuals and communities.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Soles4Souls Inc legitimate?
Soles4Souls Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Soles4Souls Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,389,803
Professional Fundraising Fees: $455,691
Other Salaries and Wages: $3,532,695
For more financial information, click here
Official website here: www.soles4souls.org
What is the mission statement of Soles4Souls Inc?
Soles4Souls Inc is a global not-for-profit organization committed to alleviating poverty by providing relief and creating sustainable jobs. Through its mission, Soles4Souls collects new and used shoes and clothes from various sources and distributes them to those in need via direct donations and microenterprise programs. These programs aim to create jobs in disadvantaged communities, helping individuals lift themselves out of poverty. Soles4Souls' work continues to make a significant impact, addressing the destructive cycle of poverty around the world.
Official website here: www.soles4souls.org
Who is the CEO of Soles4Souls Inc?
Earnest C Teaster Iii is the Principal Officer of Soles4Souls Inc. The CEO's salary of Soles4Souls Inc is $358,984 and their total compensation is $387,256.
Official website here: www.soles4souls.org
What is the revenue of Soles4Souls Inc?
Soles4Souls Inc's revenue in 2022 was $92,759,575.
Official website here: www.soles4souls.org
Who are the executives of Soles4Souls Inc and what are their salaries?
The average compensation at Soles4Souls Inc during 2022 was $68,368. There are 72 employees and 5000 volunteers at Soles4Souls Inc.
Here are 30 key members and their salaries (Soles4Souls Inc's CEO's salary is $358,984 and their total compensation is $387,256):
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Official website here: www.soles4souls.org
Where can I find the form 990 for Soles4Souls Inc?
Soles4Souls Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.soles4souls.org
Learn more at the official website: www.soles4souls.org
Mission Statement of Soles4Souls Inc
Soles4Souls Inc, a global not-for-profit institution, is committed to combating the devastating effects and perpetuation of poverty. This mission is accomplished through Soles4Souls' unique approach, which involves the collection of new and used shoes and clothing from corporate partners, individuals, schools, churches, and civic organizations. Once gathered, these donations are distributed to people in need through direct donations and by being integrated into qualified microenterprise programs. These programs aim to create sustainable jobs in impoverished and disadvantaged communities. By providing shoes and clothing, Soles4Souls not only offers immediate relief but also empowers individuals to improve their livelihoods.
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Impact
October, 2024
Soles4Souls Inc has a significant global impact by combating poverty through the distribution of shoes and clothing. By facilitating the donation and collection of new and used items, they create pathways for relief and economic opportunity. In fiscal year 2022 alone, Soles4Souls distributed nearly 900,000 pairs of shoes and over 1.1 million pieces of clothing and essentials to people in need across 137 countries.
Their broad reach is made possible through partnerships with volunteer organizations and other charitable groups that act as distribution partners. These collaborations ensure that essential items reach individuals affected by poverty or natural disasters, providing immediate relief. In addition to these relief efforts, Soles4Souls emphasizes sustainable job creation. Through their Opportunity Programs, they empower impoverished individuals in developing nations by supplying resources necessary for them to start and manage their own businesses. In total, they distributed over 4.2 million pairs of shoes and more than 2.3 million pieces of clothing as part of these initiatives, fostering economic independence and reducing the cycle of poverty.
In places such as Haiti, Honduras, Guatemala, and Moldova, Soles4Souls partners with NGOs to run programs that create sustainable employment opportunities. The work of Soles4Souls embodies a dual approach of immediate relief and long-term empowerment, positively affecting communities around the world by alleviating suffering and promoting self-sufficiency.
This information is meant to be a general summary of Soles4Souls Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $14,922
- Program Service Revenue: $8,036,270
- Gross Receipts: $92,835,383
Assets and Liabilities:
- Total Assets: $32,677,835
- Total Liabilities: $3,497,513
- Net Assets: $29,180,322
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MICROENTERPRISE PROGRAM
Revenue
$7,893,979
PARTNER FREIGHT
Revenue
$91,754
INTERNATIONAL VOLUNTEER TRAVEL FE
Revenue
$50,537
Organization Details
Founding Year
2006
Phone
(615) 391-5723Principal Officer
Earnest C Teaster Iii
Main Address
319 MARTINGALE DRIVE, OLD HICKORY, TN, 37138
Website
www.soles4souls.orgNTEE Category
Code: P60 - Human services
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