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Nonprofiteer
← SOLES 4 SOULS

Form 990 for tax year 2022

Filed by SOLES 4 SOULS.

Totals

Total revenue
$108,371,544
Total expenses
$100,319,141
Contributions and grants received
$98,685,089
Grants paid
$31,183,370
Program service revenue
$9,610,454
Investment income
$29,810
Other revenue
$46,191
Total assets, end of year
$42,541,174
Total liabilities, end of year
$5,272,263
Net assets or fund balances, end of year
$37,268,911
Program services expenses (Part IX)
$95,272,980
Management and general expenses
$3,142,367
Fundraising expenses
$1,903,794
Program service expenses (Part III)
$95,272,980

Program services were 95.0% 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.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $98,685,089

  • 1g · Noncash contributions included above

    $94,989,365

  • 2a · Program service revenue: MICROENTERPRISE PROGRAM

    total $9,422,396 · related or exempt $9,422,396

  • 2b · Program service revenue: PARTNER FREIGHT

    total $97,416 · related or exempt $97,416

  • 2c · Program service revenue: INTERNATIONAL VOLUNTEER TRAVEL FE

    total $90,642 · related or exempt $90,642

  • 3 · Investment income

    total $29,810 · excluded $29,810

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $46,191 · related or exempt $46,191

  • 11e · Other revenue, total

    $46,191

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $26,174,628 · program services $26,174,628

  • 3 · Grants to foreign organizations and individuals

    total $5,008,742 · program services $5,008,742

  • 5 · Compensation of officers, directors and key employees

    total $1,447,851 · program services $621,266 · management and general $480,801 · fundraising $345,784

  • 7 · Other salaries and wages

    total $4,351,992 · program services $3,121,001 · management and general $718,514 · fundraising $512,477

  • 8 · Pension plan contributions

    total $159,018 · program services $103,786 · management and general $30,721 · fundraising $24,511

  • 9 · Other employee benefits

    total $525,180 · program services $324,504 · management and general $136,893 · fundraising $63,783

  • 10 · Payroll taxes

    total $360,735 · program services $242,927 · management and general $63,817 · fundraising $53,991

  • 11b · Fees: legal

    total $32,849 · program services $18,586 · management and general $14,263

  • 11c · Fees: accounting

    total $62,077 · program services $18,812 · management and general $43,265

  • 11e · Fees: professional fundraising services

    total $67,675 · fundraising $67,675

  • 11f · Fees: investment management

    total $2,911 · management and general $2,911

  • 11g · Fees: other

    total $452,101 · program services $26,815 · management and general $425,286

  • 12 · Advertising and promotion

    total $687,215 · program services $4,543 · fundraising $682,672

  • 13 · Office expenses

    total $525,664 · program services $427,578 · management and general $95,098 · fundraising $2,988

  • 14 · Information technology

    total $253,465 · program services $4,200 · management and general $240,130 · fundraising $9,135

  • 16 · Occupancy

    total $758,394 · program services $688,998 · management and general $69,396

  • 17 · Travel

    total $570,974 · program services $337,836 · management and general $120,276 · fundraising $112,862

  • 20 · Interest

    total $82,223 · program services $58,112 · management and general $24,111

  • 22 · Depreciation, depletion and amortization

    total $234,849 · program services $6,092 · management and general $228,757

  • 23 · Insurance

    total $156,856 · management and general $156,856

  • 24a · Other expenses: MICRO ENTERPRISE BUSINE

    total $56,722,025 · program services $56,722,025

  • 24b · Other expenses: DISTRIBUTION EXPENSES

    total $1,227,668 · program services $1,227,668

  • 24c · Other expenses: MISCELLANEOUS

    total $454,049 · program services $134,861 · management and general $291,272 · fundraising $27,916

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,711,458 · end of year $3,543,640

  • 2 · Savings and temporary cash investments

    beginning of year $562,904 · end of year $1,032,097

  • 3 · Pledges and grants receivable

    beginning of year $149,397 · end of year $263,069

  • 4 · Accounts receivable

    beginning of year $686,818 · end of year $392,364

  • 8 · Inventories for sale or use

    beginning of year $25,853,024 · end of year $32,628,015

  • 9 · Prepaid expenses and deferred charges

    beginning of year $113,285 · end of year $144,529

  • 10a · Land, buildings and equipment: cost or other basis

    $5,071,188

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,303,717

  • 10c · Land, buildings and equipment, net

    beginning of year $2,553,722 · end of year $2,767,471

  • 14 · Intangible assets

    beginning of year $40,155 · end of year $40,802

  • 15 · Other assets

    beginning of year $7,072 · end of year $1,729,187

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,433,779 · end of year $1,363,878

  • 19 · Deferred revenue

    beginning of year $334,488 · end of year $555,793

  • 23 · Secured mortgages and notes payable

    beginning of year $1,729,246 · end of year $1,618,350

  • 25 · Other liabilities

    beginning of year $0 · end of year $1,734,242

  • 27 · Net assets without donor restrictions

    beginning of year $8,810,955 · end of year $18,953,133

  • 28 · Net assets with donor restrictions

    beginning of year $20,369,367 · end of year $18,315,778

Mission and programs · 2022

Mission

SOLES4SOULS (S4S) IS A GLOBAL NOT-FOR-PROFIT INSTITUTION DEDICATED TO FIGHTING THE DEVASTATING IMPACT AND PERPETUATION OF POVERTY. S4S ADVANCES ITS MISSION BY COLLECTING NEW AND USED SHOES AND CLOTHES FROM CORPORATE PARTNERS, INDIVIDUALS, SCHOOLS, CHURCHES, AND CIVIC ORGANIZATIONS, THEN DISTRIBUTING THOSE SHOES AND CLOTHES VIA BOTH DIRECT DONATIONS TO PEOPLE IN NEED AND BY PLACING SHOES AND CLOTHING INTO QUALIFIED MICROENTERPRISE PROGRAMS DESIGNED TO CREATE JOBS IN POOR AND DISADVANTAGED COMMUNITIES.

Activities or mission (Part I)

TO CREATE SUSTAINABLE JOBS & PROVIDE RELIEF BY DISTRIBUTING SHOES & CLOTHING AROUND THE WORLD.

  • SOLES4SOULS FACILITATES THE DONATION AND COLLECTION OF NEW AND USED SHOES, NEW AND USED CLOTHING AND OTHER RELIEF ITEMS FROM FOOTWEAR, CLOTHING AND OTHER MANUFACTURERS, RETAILERS AND INDIVIDUALS. THESE ITEMS ARE DISTRIBUTED TO PEOPLE IN NEED LOCALLY, NATIONALLY AND INTERNATIONALLY THROUGH A NETWORK OF VOLUNTEER ORGANIZATIONS AND IN COOPERATION WITH OTHER CHARITABLE ORGANIZATIONS, REFERRED TO AS DISTRIBUTION PARTNERS, WHO WORK ON SOLES4SOULS' BEHALF TO DISTRIBUTE THESE ITEMS PROVIDING RELIEF TO INDIVIDUALS LIVING IN POVERTY OR AFFECTED BY NATURAL DISASTERS. THROUGH THIS EXTENSIVE NETWORK, SOLES4SOULS HAS DISTRIBUTED SHOES, CLOTHING AND OTHER RELIEF SUPPLIES TO PEOPLE IN MORE THAN 137 COUNTRIES. DURING FISCAL YEAR 2023, IN THEIR 4RELIEF PROGRAMS, SOLES4SOULS DISTRIBUTED 1,048,971 PAIRS OF SHOES, 948,307 PIECES OF CLOTHING AND 590,792 PIECES OF OTHER ESSENTIALS TO THOSE IN NEED AROUND THE WORLD. ADDITIONALLY, SOLES4SOULS, IN OUR 4OPPORTUNITY PROGRAMS, DISTRIBUTED 4,404,430 PAIRS OF SHOES, 2,058,632 PIECES OF CLOTHING AND 251,412 PIECES OF OTHER ESSENTIAL ITEMS PROVIDING OPPORTUNITIES FOR JOB AND INCOME CREATION AROUND THE WORLD. SOLES4SOULS PARTNERS WITH NON-GOVERNMENTAL ORGANIZATIONS ("NGOS") IN HAITI, HONDURAS, GUATEMALA AND MOLDOVA WHO RUN 4OPPORTUNITY OPERATIONS, AS WELL AS CONTRACTS WITH ESTABLISHED 4OPPORTUNITY PARTNERS TO DISTRIBUTE SHOES AND CLOTHING IN CENTRAL AMERICA, SOUTH AMERICA, AFRICA AND ASIA. OUR 4OPPORTUNITY PROGRAM IS DESIGNED TO PROVIDE IMPOVERISHED PEOPLE IN DEVELOPING NATIONS WITH THE RESOURCES TO START AND MAINTAIN THEIR OWN BUSINESSES.

    Expenses $61,476,049 · Revenue $9,566,003

  • DURING FY23, SOLES4SOULS CONTINUED TO PARTNER WITH STREET BUSINESS SCHOOL TO CERTIFY APPROXIMATELY 80 FEMALE TRAINERS IN OUR 4OPPORTUNITY PARTNERS IN HAITI AND PHILIPPINES. ONCE THE TRAINERS WERE CERTIFIED, THEY TRAINED 29 ENTREPRENEURS IN ESSENTIAL BUSINESS SKILLS HELPING THEM CREATE AND MANAGE THEIR OWN BUSINESS AND SUSTAIN INCOMES FOR THEMSELVES AND THEIR FAMILIES.MORE THAN 1.25 MILLION CHILDREN IN THE UNITED STATES ARE EXPERIENCING HOMELESSNESS. ADDRESSING THIS CRITICAL NEED, SOLES4SOULS CONTINUES TO RESPOND WITH OUR 4EVERYKID PROGRAM, AN INITIATIVE THAT PROVIDES A PAIR OF NEW ATHLETIC SHOES TO K-12 STUDENTS IN THE UNITED STATES THAT ARE EXPERIENCING HOMELESSNESS. WE KNOW THAT WHEN CHILDREN HAVE THEIR BASIC NEEDS MET, THEY FEEL MORE CONFIDENT, CAN PARTICIPATE IN SPORTS, AND STAY FOCUSED ON THEIR LEARNING. DURING FY23, SOLES4SOULS DISTRIBUTED 70,443 PAIRS OF SHOES TO HOMELESS STUDENTS THROUGH 125 PARTNERS NATIONWIDE. A CORE COMPONENT OF THE SOLES4SOULS MISSION IS PROVIDING RELIEF TO PEOPLE IMPACTED BY NATURAL DISASTERS. DURING FY23, SOLES4SOULS PROVIDED APPAREL, FOOTWEAR AND ADDITIONAL ACCESSORIES TO RESPOND TO DOMESTIC AND INTERNATIONAL RELIEF EFFORTS. DOMESTICALLY, WE SERVED RECENT ARRIVALS TO THE U.S. THROUGH STRONG PARTNERSHIPS WITH LOCAL AND REGIONAL ORGANIZATIONS PROVIDING SUPPORT AND PROVIDED DONATIONS IN FLORIDA AND KENTUCKY TO RESPOND TO DOMESTIC NATURAL DISASTERS. INTERNATIONALLY, WE HAVE CONTINUED TO RESPOND TO THE UKRAINIAN HUMANITARIAN CRISIS AND PROVIDED DONATIONS TO TURKEY AND SYRIA FOR EARTHQUAKE RELIEF. IN FY23 ALONE, SOLES4SOULS SUPPLIED 135,968 PAIRS OF SHOES, 174,005 PIECES OF CLOTHING AND 60,755 UNITS OF ACCESSORIES, SOCKS AND OTHER ITEMS TO THOSE AFFECTED GLOBALLY BY NATURAL DISASTERS AND/OR HUMANITARIAN CRISES. ON AVERAGE, ITEMS WERE DISTRIBUTED WITHIN 6-12 WEEKS POST DISASTER.THROUGH OUR MANY DISTRIBUTION PROGRAMS DESCRIBED ABOVE, SOLES4SOULS DIVERTED 9,301,552 PAIRS/PIECES FROM LANDFILLS TOTALING APPROXIMATELY 8,740,827 POUNDS OF PRODUCT. SINCE INCEPTION, SOLES4SOULS HAS DIVERTED 92,427,347 PAIRS/PIECES FROM LANDFILLS TOTALING APPROXIMATELY 89,433,788 POUNDS.THROUGH THE SOLES4SOULS GLOBAL EXPERIENCES PROGRAM, VOLUNTEERS FROM ACROSS THE UNITED STATES JOIN SOLES4SOULS STAFF ON DISTRIBUTION TRIPS TO COUNTRIES WHERE WE HAVE PARTNER MICROENTERPRISE OPERATIONS TO EXPERIENCE FIRST-HAND PROVIDING SHOES TO PEOPLE IN THESE DEVELOPING COUNTRIES. DURING FY23, SOLES4SOULS CONDUCTED 9 TRIPS WITH APPROXIMATELY 96 INDIVIDUALS TRAVELING TO HONDURAS, GUATEMALA, AND THE UNITED STATES.

    Expenses $33,796,931 · Grants $31,183,370 · Revenue $90,642

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

Listed in Part VII

  • Aaron Belville

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Aaron Lord

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Andrew Gray

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Andy Lew

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Angela Harrell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ashley Chang

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dan Friedman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Wright

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ellen Davis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lisa Collier

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michele Love

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michelle Krall

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nicholas Birren

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Parker McCrary

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Raji Behal

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sara Irvani

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Stacy Xie

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tianne Doyle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tony Waller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Walter Porter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Earnest Teaster III

    PRESIDENT & CEO

    Total calculated
    $407,866
    From this org
    $370,359
    From related orgs
    $0
    Other
    $37,507
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $292,359
    Bonus
    $78,000
    Other
    $0
    Deferred
    $0 + $22,680 related
    Nontaxable benefits
    $0 + $14,827 related
    Filer's total
    $370,359 + $37,507 related

  • Mike Shirey

    CHIEF OPERATING OFFICER

    Total calculated
    $259,181
    From this org
    $247,880
    From related orgs
    $0
    Other
    $11,301
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $205,270
    Bonus
    $42,610
    Other
    $0
    Deferred
    $0 + $10,133 related
    Nontaxable benefits
    $0 + $1,168 related
    Filer's total
    $247,880 + $11,301 related

  • Robert Adams Ghee

    CHIEF FINANCE & ADMINISTRATION

    Total calculated
    $264,166
    From this org
    $243,419
    From related orgs
    $0
    Other
    $20,747
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $200,809
    Bonus
    $42,610
    Other
    $0
    Deferred
    $0 + $10,024 related
    Nontaxable benefits
    $0 + $10,723 related
    Filer's total
    $243,419 + $20,747 related

  • Nancy Youssef

    CHIEF BUSINESS DEVELOPMENT

    Total calculated
    $249,048
    From this org
    $241,757
    From related orgs
    $0
    Other
    $7,291
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $199,147
    Bonus
    $42,610
    Other
    $0
    Deferred
    $0 + $6,123 related
    Nontaxable benefits
    $0 + $1,168 related
    Filer's total
    $241,757 + $7,291 related

  • Rodney Arnold

    CHIEF MARKETING OFFICER

    Total calculated
    $267,591
    From this org
    $239,406
    From related orgs
    $0
    Other
    $28,185
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $196,796
    Bonus
    $42,610
    Other
    $0
    Deferred
    $0 + $14,803 related
    Nontaxable benefits
    $0 + $13,382 related
    Filer's total
    $239,406 + $28,185 related

  • Jamie Ellis

    VP MARKETING & COMMUNICATION

    Total calculated
    $141,195
    From this org
    $120,349
    From related orgs
    $0
    Other
    $20,846
    Hours/week
    45

  • Kim Shamley

    VP, PEOPLE & CULTURE

    Total calculated
    $138,705
    From this org
    $114,267
    From related orgs
    $0
    Other
    $24,438
    Hours/week
    45

  • Kellen Clawson

    VP, PRODUCT MANAGEMENT

    Total calculated
    $130,225
    From this org
    $106,317
    From related orgs
    $0
    Other
    $23,908
    Hours/week
    45

  • Timothy Deats

    CONTROLLER

    Total calculated
    $123,013
    From this org
    $104,404
    From related orgs
    $0
    Other
    $18,609
    Hours/week
    45

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 6a · Pay contingent on this organization's net earnings

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 6
SCHEDULE J, PART I, LINE 6A - COMPENSATION CONTINGENT ON NET EARNINGS: BONUSES WERE PAID TO PERSONS LISTED ON FORM 990, PART VII CONSISTENT WITH BOARD APPROVED BONUS POLICY BASED IN PART ON NET EARNINGS GENERATED DURING YEAR.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • SOLES4SOULS EUROPE STICHTING (RSIN XXX-XX-XXXX)

    N/A · CARRY ON THE ACTIVITIES OF SOLES4SOULS, INC IN EUROPE · NL

    Directly controlled by SOLES4SOULS INC

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.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • SOLES4SOULS CANADA (INCOPORATION # 962795-2)

    TO CARRY ON THE ACTIVITIES OF SOULS4SOULS INC IN CANADA · CA · 100% owned · share of income $77,371 · share of assets $261,392

    Directly controlled by SOULS4SOULS INC

  • SOLES4SOULS ASIA LTD (EUN 201930535R)

    TO CARRY ON THE ACTIVITIES OF SOULS4SOULS INC IN ASIA · SN · 100% owned · share of income -$110,224 · share of assets $29,038

    Directly controlled by SOULS4SOULS INC

Provenance

Return type
form_990
Tax year
2022
Filed
18 April 2024
IRS schema version
2022v5.0
Source object
202421099349300327

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