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International : Humanitarian Relief Supplies

Soles4Souls

Wearing Out Poverty

four stars

90.27

319 Martingale Drive Old Hickory, TN 37138
tel: (866) 521-7463   Web Site
EIN: 20-4023482

Board Leadership
Trevor Masson
Board Chair

CEO
Buddy Teaster
President and CEO

 
 
  Score
(out of 100)
Rating
Overall Score & Rating 90.27 four stars
  Financial 86.25 three stars
  Accountability & Transparency 100.00 four stars
This rating was published 11/01/2017 and includes data from FY2016, the most recent 990 received at that time.

Soles4Souls disrupts the cycle of poverty by creating sustainable jobs and providing relief through the distribution of shoes and clothing around the world. Headquartered in Nashville, Tennessee, the organization repurposes product to supply its micro-enterprise, disaster relief and direct assistance programs. Since 2006, it has distributed more than 30 million pairs of new and gently worn shoes in 127 countries.


Based in Nashville, Tennessee, Soles4Souls is committed to the highest standards of operating and governance, and holds a four-star rating with Charity Navigator. Visit soles4souls.org for more information.

Soles4Souls disrupts the cycle of poverty by creating sustainable jobs and providing relief through the distribution of shoes and clothing around the world. Headquartered in Nashville, Tennessee, the organization repurposes product to supply its micro-enterprise, disaster relief and direct assistance programs. Since 2006, it has distributed more than 30 million pairs of new and gently worn shoes in 127 countries.


Based in Nashville, Tennessee, Soles4Souls is committed to the highest standards of operating and governance, and holds a four-star rating with Charity Navigator. Visit soles4souls.org for more information.

Results Information

Program Name: Micro-enterprise
Problem

900 million people live on less than $1.90/day, while the global economy has been unable to meet a growing demand for employment. More than 204M people were unemployed in 2015, 34M more than before the start of the global economic crisis and 53M more than in 1991. Meanwhile, U.S. landfills are overflowing with used shoes and clothes that could be repurposed. 90% of the 20 billion pairs of shoes manufactured each year and about 21 billion tons of textiles end up in landfills.

Strategy

S4S manages a global supply chain. On demand, we work with vetted partners (indirect) and local nonprofits (direct) to funnel product to entrepreneurs. In the direct model, S4S supplies free product/absorbs fees while nonprofits set reserves from profits generated from product sales to entrepreneurs to reserve future shipments. The operations eventually become self-sustaining. Entrepreneurs follow a similar path. On supply, S4S maintains the infrastructure to facilitate collection of product.

IF:THEN

IF The un and underemployed in developing countries can generate a sustainable income...

THEN they will invest in quality-of-life improvements for themselves and their families, and create lasting economic change in their countries.

IF Individuals and companies have an outlet for repurposing product...

THEN there will be less waste in landfills.

IF All partners in an economic development program earn revenue and reinvest in its growth...

THEN said program will become self-sustaining.
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This results data is current as of November 2017, when it was provided to us by Classy. Results information published on this organization's rating page has no effect on its rating at this time. data iconLearn More

Financial

three stars

86.25

Accountability & Transparency

four stars

100.00

This rating was published 11/01/2017 and includes data from FY2016, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
96.4%
  Administrative Expenses 1.6%
  Fundraising Expenses 1.8%
  Fundraising Efficiency $0.02
  Working Capital Ratio (years) 0.18
  Program Expenses Growth 0.3%
  Liabilities to Assets 24.9%
All data for Financial Performance Metrics calculations was provided by Soles4Souls on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Soles4Souls on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Soles4Souls (TN) 90.27 four stars
Matter (MN) 100.00 four stars
Books For Africa (MN) 100.00 four stars
Globus Relief (UT) 92.92 four stars
Children of The Americas (CA) 85.38 three stars

Compare These Charities (Highly Rated)

REVENUE  
Contributions  
   Contributions, Gifts & Grants $38,416,121
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $0
   Government Grants $0
Total Contributions $38,416,121
   Program Service Revenue $3,516,296
Total Primary Revenue $41,932,417
   Other Revenue $11,811
TOTAL REVENUE $41,944,228
   
EXPENSES  
   Program Expenses $44,006,762
   Administrative Expenses $733,478
   Fundraising Expenses $757,577
TOTAL FUNCTIONAL EXPENSES $45,497,817
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-3,553,589
   
Net Assets $7,832,722

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Shoe Collection $29,976,160 68.1%
Donations of Clothing $14,030,602 31.9%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2016-06 11/01/2017 90.27 four stars
2015-06 11/01/2016 89.39 three stars
2014-06 06/01/2016 91.16 four stars
 
CN 2.0
2014-06 03/01/2016 85.60 three stars
2014-06 11/01/2015 85.32 three stars
2013-06 10/01/2014 99.64 four stars
2012-06 12/01/2013 97.15 four stars
2011-06 12/01/2012 90.09 four stars
2010-06 06/01/2012 74.54 two stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 20-4023482
Name in IRS Master File SOLES 4 SOULS
NTEE Code P60
NTEE Classification Emergency Assistance (Food, Clothing, Cash)
NTEE Type Human Services - Multipurpose and Other
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date October, 2006
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End June
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • June, 2017
  • June, 2016
  • June, 2015
  • June, 2014
  • June, 2013

The data displayed in this profile is provided by the IRS for free in the form of Publication 78 and the Business Master File (BMF).

Compensation % of Expenses Paid to Title
$235,836 0.51% Earnest C. Teaster III Chief Executive Officer

Highly Rated

Charity Name & State Overall Score Overall Rating
Soles4Souls (TN) 90.27 four stars
Globus Relief (UT) 92.92 four stars
Children of The Americas (CA) 85.38 three stars
Amigos for Christ (GA) 95.04 four stars
American Nicaraguan Foundation (FL) 91.16 four stars

Compare These Charities (Highly Rated)

This charity has an official representative registered with Charity Navigator.

Charity Contact Info

Soles4Souls
319 Martingale Drive
Old Hickory, TN 37138
tel: (866) 521-7463
fax: (615) 391-5730
EIN: 20-4023482

Visit Web Site

Board Leadership

Trevor Masson
Board Chair

CEO

Buddy Teaster
President and CEO

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