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Soles4Souls Inc

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

EIN: 204023482 ✦ Old hickory, TN ✦ Designated as a 501(c)(3)

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

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.

Here 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 5,000 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):

    Earnest Teaster Iii (President & Ceo)
  • Compensation: $358,984
  • Related: $0
  • Other: $28,272

    • Robert Adams Ghee (Chief Finance & Administrative Officer)
  • Compensation: $233,735
  • Related: $0
  • Other: $21,878

    • Rodney Arnold (Chief Marketing Officer)
  • Compensation: $229,781
  • Related: $0
  • Other: $25,183

    • Mike Shirey (Chief Operating Officer)
  • Compensation: $233,709
  • Related: $0
  • Other: $14,026

    • Nancy Youssef (Chief Business Development Officer)
  • Compensation: $238,846
  • Related: $0
  • Other: $5,388

    • Jamie Ellis (Vp Marketing & Communications)
  • Compensation: $101,163
  • Related: $0
  • Other: $13,947

    • Timothy Deats (Controller)
  • Compensation: $100,806
  • Related: $0
  • Other: $13,947

    • Pattie Graben (Vp Of Corporate Development)
  • Compensation: $100,890
  • Related: $0
  • Other: $12,572

    • Keith Alper (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Raji Behal (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Aaron Belville (Board Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Nicholas Birren (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lisa Collier (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ellen Davis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tianne Doyle (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dan Friedman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Andrew Gray (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Angela Harrell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Milledge Hart (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sara Irvani (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Laquenta Jacobs (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tracy Kahn (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michelle Krall (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Andy Lew (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michele Love (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Parker Mccrary (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Walter Porter (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Christena Reinhard (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tony Waller (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Stacy Xie (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.soles4souls.org

    Where can I find the form 990 for Soles4Souls Inc?

    The 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.

    Impact

    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.




    Thursday, August 15, 2024

    Soles4Souls Inc creates sustainable jobs and provides relief by distributing shoes and clothing around the world. Through their extensive network, Soles4Souls has distributed shoes, clothing, and other relief supplies to people in more than 137 countries. In their relief programs, they distributed 893,582 pairs of shoes, 484,678 pieces of clothing, and 1,108,850 other essentials to those in need globally during FY22. Additionally, in their opportunity programs, they distributed 4,228,660 pairs of shoes, 2,392,432 pieces of clothing, and 524,032 other essential items, providing opportunities for job and income creation worldwide.

    Soles4Souls partners with non-governmental organizations in Haiti, Honduras, Guatemala, and Moldova to run their opportunity operations and also contracts with established opportunity partners in Central America, South America, Africa, and Asia. Their opportunity program is designed to provide impoverished people in developing nations with the resources to start and maintain their own businesses. By facilitating donations and distributions, Soles4Souls works towards fighting the devastating impact and perpetuation of poverty globally.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    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
  • 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

    Principal Officer

    Earnest C Teaster Iii

    Main Address

    319 MARTINGALE DRIVE, OLD HICKORY, TN, 37138

    NTEE Category

    Code: P60 - Human services

    If you are a representative of Soles4Souls Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.