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Clean Socks Hope Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 271883658 ✦ New albany, IN ✦ Designated as a 501(c)(3)

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Overview

What is Clean Socks Hope Inc?

Clean Socks Hope Inc, based in New Albany, Indiana, is a compassionate nonprofit organization. Their primary mission is to uplift underserved communities through innovative development initiatives. This restoration encompasses various aspects of life. Their primary source of funding comes from 8th Street Pizza, a fast-casual hybrid restaurant and social café. Instead of conventional profit distribution, the earnings from this eatery are channeled towards the betterment of the New Albany community. With a small team of one dedicated individual, Clean Socks Hope Inc is committed to making a significant impact in their community.


Official website here: www.cleansockshope.org

Is Clean Socks Hope Inc legitimate?

Clean Socks Hope Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Clean Socks Hope 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: $10,100
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.cleansockshope.org

What is the mission statement of Clean Socks Hope Inc?

Clean Socks Hope Inc's mission is centered around partnering with under-served communities to facilitate innovative development aimed at overall restoration. Through their initiatives, they strive to bring about transformative changes in various aspects of life within these neighborhoods. One of their initiatives includes the operation of 8th Street Pizza, a socially conscious restaurant where profits directly support the local underserved community in New Albany.


Official website here: www.cleansockshope.org

Who is the CEO of Clean Socks Hope Inc?

Jeffrey S Minton is the Board Member of Clean Socks Hope Inc.


Official website here: www.cleansockshope.org

What is the revenue of Clean Socks Hope Inc?

Clean Socks Hope Inc's revenue in 2021 was $355,234.


Official website here: www.cleansockshope.org

Who are the executives of Clean Socks Hope Inc and what are their salaries?

The average compensation at Clean Socks Hope Inc during 2021 was $10,100. There is 1 employee and 35 volunteers at Clean Socks Hope Inc.


Here are 9 key members and their salaries:


Jack Mauzy (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Deb Mauzy (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Aundrea Ludlow (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Ludlow (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rev Brian Combs (Spiritual Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeffrey S Minton (Executive Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rev Tommy Embry (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Geri Cozine (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michelle L Minton (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.cleansockshope.org

Where can I find the form 990 for Clean Socks Hope Inc?

Clean Socks Hope Inc's most recent form 990 was submitted in 2021 and can be accessed here.


Official website here: www.cleansockshope.org

Learn more at the official website: www.cleansockshope.org

Mission Statement of Clean Socks Hope Inc

Clean Socks Hope, as a nonprofit organization, collaborates with underprivileged communities to spearhead innovative developments that foster restoration in various aspects of life. Their mission is multifaceted, aiming to bring about transformative change in these underserved neighborhoods. By partnering with these communities, Clean Socks Hope seeks to instigate a comprehensive revitalization, encompassing all aspects of life. This mission is not merely about providing aid but rather about fostering sustainable growth and restoration.

One of the ways Clean Socks Hope executes its mission is through their Pizza Ministry. This initiative, in the form of a fast-casual restaurant known as 8th Street Pizza, functions as a social cafe with a conscience. Instead of profits being directed towards an individual or corporate entity, the earnings from this establishment are channeled back into supporting the underprivileged community of New Albany. Through this unique business model, Clean Socks Hope is able to contribute directly to the betterment of the community they serve, aligning their mission with tangible, on-the-ground impact.

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Impact




October, 2024

Clean Socks Hope Inc. significantly enriches the lives of residents in under-served neighborhoods by implementing innovative development initiatives aimed at fostering restoration across multiple facets of life. One of its hallmark projects is the 8th Street Pizza, a fast-casual hybrid restaurant and social café that operates with a social conscience. Rather than generating profit for an individual proprietor, the proceeds from 8th Street Pizza are reinvested into the New Albany community, directly benefiting those in need.

Through these initiatives, Clean Socks Hope addresses critical issues such as food insecurity, economic development, and community engagement. By partnering with local individuals and families, the organization cultivates a supportive environment that empowers residents to improve their circumstances. This holistic approach not only provides immediate relief but also lays the groundwork for sustainable growth and restoration in the community. The impact of Clean Socks Hope is felt deeply in New Albany, as it helps to create a more equitable and thriving environment for all.




This information is meant to be a general summary of Clean Socks Hope 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.

Revenue
$355,234 (2021)
Expenses
$233,617 (2021)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2021.

  • Investment Income: $25
  • Program Service Revenue: $329,344
  • Gross Receipts: $355,234

Assets and Liabilities:

  • Total Assets: $13,268
  • Total Liabilities: $0
  • Net Assets: $13,268

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Pizza Sales

Revenue

$329,178

Organization Details

Founding Year

2010

Principal Officer

Jeffrey S Minton

Main Address

PO Box 1422, New Albany, IN, 47150

NTEE Category

Code: L194 - Housing

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