Form 990 for tax year 2022

Totals

Total revenue

$1,549,207

Total expenses

$1,626,282

Contributions and grants received

$1,546,154

Grants paid

$495,633

Program service revenue

$0

Investment income

$815

Other revenue

$2,238

Total assets, end of year

$911,986

Total liabilities, end of year

$251,421

Net assets or fund balances, end of year

$660,565

Program services expenses (Part IX)

$1,205,559

Management and general expenses

$152,984

Fundraising expenses

$267,739

Program service expenses (Part III)

$1,205,559

Program services were 74.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Mission and programs · 2022

• The Shoe that Grows:Because International is committed to the UN's Sustainable Development Goal 1: End poverty in all forms everywhere. We believe this starts with extreme poverty helping individuals and families who are living below the $1.90 threshold. Physical products play an important role in meeting immediate needs and creating long term opportunities for empowerment. When we talk about using physical products as solutions, we're referring to the entire life cycle of the product- from ideation to creation, from manufacturing to distribution, from providing relief to the end user while providing jobs and opportunity to those involved in each stage of the product lifecycle. (Continued on Schedule O)Because International began with a simple idea: durable, growing footwear developed for kids struggling to always have a pair of shoes that fits. In addition to distributing footwear to kids around the world, we've been committed to a production and distribution model that creates opportunities for empowerment along the way. 2022 built on the success of the latest version of the shoe. We expanded the size options of the new version and by the end of the year, all shoes shipped from and produced in Kenya were of the newer, more robust shoe. In the US, we received a shipment of 6,000 pairs of the new version. Our network of partners and community members connected fundraising efforts with unmet needs worldwide with shoes going to Syrian refugees through our monthly giving program and school children in Kenya receiving new pairs of shoes through a partnership with Girl Scouts Troops nation-wide. The Shoe That Grows Program continues to provide relief for those most in need and we are excited to continue meeting needs and alleviating poverty with The Shoe That Grows.

  Expenses $793,221 · Grants $376,991

• Accelerator:As an organization, our mission is to use products as solutions to alleviate poverty by meeting immediate needs and creating opportunities for empowerment. One of the ways we are doing this is through the Because Accelerator, a business accelerator designed to take ideas for innovative products like The Shoe That Grows to the next level. As we experienced continued success with The Shoe That Grows, we began connecting with and being contacted by aspiring entrepreneurs who had their own ideas for product solutions that also aimed to solve a social need. (Continued on Schedule O)After informally helping a handful of them with their ideas and businesses, we realized that instead of trying to come up with more of our own ideas for product solutions, we could better achieve our mission by coming alongside others with their own product ideas. It was at that point we decided to formally create the Because Accelerator a program focused on providing coaching, training, networking, and funding opportunities for social entrepreneurs with product-based ideas and businesses.2022 marked the refinement of the Because Accelerator program. Both the Spring and Fall cohorts graduated 13 entrepreneurs. We paired entrepreneurs with business networks and coaching along with biweekly trainings, resulting in high-impact businesses.In 2022, the Accelerator married its scope and focused on applicants fulfilling more strict criteria. A modernized curriculum connected entrepreneurs with coaches and mentors and leveraged a lecture-based curriculum. The Because Box debuted in 2022. A biannual subscription box, the Because Box introduced 5 or more social impact products, developed by Accelerator alumni, to the US market. The program allowed subscribers to engage with the alumni and gave the alumni valuable feedback to aid R&D.As of 2022, the accelerator resulted in 1,834 jobs being created with entrepreneurs reporting 161% growth in sales, a 42% growth in customers, and a 96% business survival rate at the end of the 2022.

  Expenses $412,338 · Grants $118,642

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Provenance

Return type

form_990

Tax year

2022

Filed

20 September 2023

IRS schema version

2022v5.0

Source object

202312689349300131

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.