Overview
What is Shoe Discount Corp?
Shoe Discount Corp is a charitable organization based in Brooklyn, New York, with a specific mission to aid impoverished individuals and families. They accomplish this by offering free or reduced-cost footwear or making direct payments to shoe retailers for the expenses of these families. The organization's purpose is to ensure that everyone, regardless of their financial situation, can access essential footwear. By doing so, Shoe Discount Corp contributes to the overall well-being and dignity of those they serve.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating. This rating indicates that while Shoe Discount Corp shows some strengths in its financial accountability, there are significant areas that require improvement. The organization received a strong score for its independent board composition and has demonstrated effective financial management, illustrated by a low liabilities to assets ratio and a high program expense ratio.
However, the nonprofit's rating is hampered by several missing policies and documentation. Specifically, it lacks a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, all of which are critical for maintaining transparency and accountability. Additionally, the absence of its website listed on the tax form and not posting its tax form on its website further detracts from its overall score.
Overall, while Shoe Discount Corp exhibits sound financial practices and governance through its independent board, the lack of essential operational policies and public documentation undermines its credibility and effectiveness as a nonprofit organization. Addressing these gaps could enhance its rating and foster greater trust among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Shoe Discount Corp legitimate?
Shoe Discount Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Shoe Discount Corp 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Shoe Discount Corp?
Shoe Discount Corp's mission is centered around assisting economically disadvantaged individuals and families. They accomplish this by offering free or discounted shoes directly or making payments to shoe stores on behalf of these families to cover their expenses. This initiative aims to alleviate the financial burden associated with footwear, thereby providing essential support to those in need.
Who is the CEO of Shoe Discount Corp?
Shiya Friedman is the President of Shoe Discount Corp. The CEO's salary of Shoe Discount Corp is $0 and their total compensation is $0.
What is the revenue of Shoe Discount Corp?
Shoe Discount Corp's revenue in 2022 was $81,329.
Who are the executives of Shoe Discount Corp and what are their salaries?
Here are 3 key members and their salaries (Shoe Discount Corp's CEO's salary is $0 and their total compensation is $0):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Shoe Discount Corp?
Shoe Discount Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Shoe Discount Corp
Shoe Discount Corp, as a nonprofit organization, is committed to aiding impoverished individuals and families. Their mission is exemplified in their dedication to providing assistance in the form of either free or discounted shoes, or by making direct payments to shoe stores to cover expenses for these families in need. This mission serves to alleviate the financial burden associated with footwear, thereby contributing to the overall well-being of these families.
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Impact
October, 2024
Shoe Discount Corp significantly impacts the community by addressing the essential need for footwear among low-income individuals and families. By providing free or discounted shoes, as well as direct payments to local shoe stores, the organization alleviates some of the financial burdens faced by those in need. This assistance not only helps improve the quality of life for beneficiaries but also promotes dignity and self-sufficiency, allowing families to access necessary footwear without straining their limited resources.
Located in Brooklyn, NY, Shoe Discount Corp plays a vital role in the human services sector, ensuring that individuals and families can maintain their mobility and health through appropriate footwear. The organization’s efforts contribute to reducing economic disparities in the community, fostering a more equitable environment where everyone can thrive. By prioritizing this basic necessity, Shoe Discount Corp strengthens family units and empowers them to focus on other aspects of their lives, ultimately leading to a more resilient community.
This information is meant to be a general summary of Shoe Discount Corp. 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.
- Gross Receipts: $81,329
Assets and Liabilities:
- Total Assets: $15,034
- Total Liabilities: $1
- Net Assets: $15,033
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Organization Details
Founding Year
2015
Principal Officer
Shiya Friedman
Main Address
398 WALLABOUT ST FL 3, BROOKLYN, NY, 11206
NTEE Category
Code: P40 - Human services
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