SOLES4SOULS INC

EIN: 204023482 501(c)(3) Human Services

OLD HICKORY, TN

Total Revenue
$88,258,383
Total Expenses
$86,508,316
Total Assets
$42,818,906
Net Assets
$39,864,237
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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
AL
Principal Officer
EARNEST C TEASTER III
Phone
6153915723
Tax Period
2024-07-01 to 2025-06-30

SOLES4SOULS INC, founded in 2006, is a mid-sized nonprofit in the Human Services sector that reported $88.3M in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year.

Mission

TO CREATE OPPORTUNITY FOR PEOPLE THROUGH SHOES AND CLOTHING.

Program Service Accomplishments

Program 1
Expenses: $57,045,805 Revenue: $10,715,629

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...

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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 2025, IN THEIR 4RELIEF PROGRAMS, SOLES4SOULS DISTRIBUTED 838,457 PAIRS OF SHOES, 687,598 PIECES OF CLOTHING AND 498,243 PIECES OF OTHER ESSENTIALS TO THOSE IN NEED AROUND THE WORLD. ADDITIONALLY, SOLES4SOULS, IN OUR 4OPPORTUNITY PROGRAMS, DISTRIBUTED 4,015,437 PAIRS OF SHOES, 2,045,658 PIECES OF CLOTHING AND 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 THE 4OPPORTUNITY OPERATIONS, AS WELL AS CONTRACTS WITH ESTABLISHED 4OPPORTUNITY PARTNERS TO DISTRIBUTE SHOES AND CLOTHING IN CENTRAL AMERICA, SOUTH AMERICA, AFRICA AND ASIA. THE 4OPPORTUNITY PROGRAM IS DESIGNED TO PROVIDE IMPOVERISHED PEOPLE IN DEVELOPING NATIONS WITH THE RESOURCES TO START AND MAINTAIN THEIR OWN BUSINESSES.

Program 2
Expenses: $23,976,007 Revenue: $110,648

DURING FY25, SOLES4SOULS CONTINUED ITS PARTNERSHIP WITH STREET BUSINESS SCHOOL. THROUGH THIS COLLABORATION, OUR PARTNERS TRAINED 86 ENTREPRENEURS IN THE DOMINICAN REPUBLIC, 58 IN HAITI, AND 8 IN THE...

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DURING FY25, SOLES4SOULS CONTINUED ITS PARTNERSHIP WITH STREET BUSINESS SCHOOL. THROUGH THIS COLLABORATION, OUR PARTNERS TRAINED 86 ENTREPRENEURS IN THE DOMINICAN REPUBLIC, 58 IN HAITI, AND 8 IN THE PHILIPPINES. ADDITIONALLY, FOUR SOLES4SOULS EMPLOYEES, THREE OF WHOM ARE WOMEN, WERE CERTIFIED AS TRAINERS.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 WHO 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 FY25, SOLES4SOULS DISTRIBUTED 112,648 PAIRS OF SHOES AND 264,891 PAIRS OF SOCKS TO STUDENTS EXPERIENCING HOMELESSNESS THROUGH 270 PARTNERS NATIONWIDE.A CORE COMPONENT OF THE SOLES4SOULS MISSION IS PROVIDING RELIEF TO PEOPLE IMPACTED BY NATURAL AND HUMANITARIAN DISASTERS. DURING FY25, SOLES4SOULS PROVIDED APPAREL, FOOTWEAR AND ADDITIONAL ACCESSORIES TO RESPOND TO DOMESTIC AND INTERNATIONAL RELIEF EFFORTS. THROUGH ITS ROBUST PARTNER NETWORK, SOLES4SOULS CONTINUED TO SERVE RECENT ARRIVALS TO THE U.S., THOSE DISPLACED BY NATURAL DISASTERS, AND INDIVIDUALS EXPERIENCING HUMANITARIAN HARDSHIPS THROUGH STRONG ALLIANCES WITH LOCAL, REGIONAL AND GLOBAL ORGANIZATIONS. IN RESPONSE TO SOLES4SOULS CRISES, SOLES4SOULS PROVIDED DONATIONS TO TRUSTED PARTNERS TO DISTRIBUTE WITHIN THEIR DIRECT NETWORKS. SOLES4SOULS HAS ALSO REMAINED STEADFAST IN ITS RESPONSE EFFORTS IN EASTERN EUROPE TO SUPPORT UKRAINIAN RELIEF EFFORTS. IN FY25 ALONE, SOLES4SOULS DIRECTLY SUPPLIED 526,457 PAIRS OF SHOES, 461,258 PIECES OF CLOTHING AND 402,516 UNITS OF ACCESSORIES, SOCKS AND OTHER ITEMS TO ORGANIZATIONS FOCUSED ON DISASTER RELIEF. ON AVERAGE, ITEMS WERE DISTRIBUTED WITHIN 6-12 WEEKS POST DISASTER.THROUGH ITS MANY DISTRIBUTION PROGRAMS DESCRIBED ABOVE, SOLES4SOULS DIVERTED 10,764,538 PAIRS/PIECES FROM LANDFILLS TOTALING APPROXIMATELY 9,608,465 POUNDS OF PRODUCT. SINCE INCEPTION, SOLES4SOULS HAS DIVERTED 103,191,885 PAIRS/PIECES FROM LANDFILLS TOTALING APPROXIMATELY 99,042,253 POUNDS. THROUGH THE SOLES4SOULS GLOBAL EXPERIENCES PROGRAM, VOLUNTEERS FROM ACROSS THE UNITED STATES JOIN SOLES4SOULS STAFF ON DISTRIBUTION TRIPS TO COUNTRIES WHERE IT HAS PARTNER MICROENTERPRISE OPERATIONS TO EXPERIENCE FIRST-HAND PROVIDING SHOES TO PEOPLE IN THESE DEVELOPING COUNTRIES. DURING FY25, SOLES4SOULS CONDUCTED 23 TRIPS WITH APPROXIMATELY 195 INDIVIDUALS TRAVELING TO HONDURAS, GUATEMALA, DOMINICAN REPUBLIC AND THE UNITED STATES.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $77,040,134
Program Service Revenue $10,826,277
Investment Income $258,183
Other Revenue $133,789
TOTAL REVENUE $88,258,383

Expense Breakdown

Grants Paid $21,070,081
Salaries & Benefits $7,940,081
Fundraising Expenses $3,229,946
Program Expenses $81,021,812
Other Expenses $57,441,867
TOTAL EXPENSES $86,508,316

Year-over-Year Comparison

2024 2023 Change
Revenue $88,258,383 $105,509,098 -0.2%
Expenses $86,508,316 $105,449,702 -0.2%
Net Income $1,750,067 $59,396 +28.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
20
Independent Members
20
Employees
93
Volunteers
1243

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$1,518,872
Total Directors
20
$0
Key Employees
1
$190,701
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AARON BELVILLE BOARD CHAIR 1.00
Director
$0 $0 $0
ANDY LEW DIRECTOR 1.00
Director
$0 $0 $0
ANGELA HARRELL DIRECTOR 1.00
Director
$0 $0 $0
ASHLEY CHANG DIRECTOR 1.00
Director
$0 $0 $0
DAN FRIEDMAN DIRECTOR 1.00
Director
$0 $0 $0
DAVID WRIGHT DIRECTOR 1.00
Director
$0 $0 $0
ELLEN DAVIS DIRECTOR 1.00
Director
$0 $0 $0
MEGAN MCGUIRE DIRECTOR 1.00
Director
$0 $0 $0
MICHELE LOVE DIRECTOR 1.00
Director
$0 $0 $0
PATRICK DUROSEAU DIRECTOR 1.00
Director
$0 $0 $0
MICHELLE KRALL DIRECTOR 1.00
Director
$0 $0 $0
RAJI BEHAL DIRECTOR 1.00
Director
$0 $0 $0
SARA IRVANI DIRECTOR 1.00
Director
$0 $0 $0
STACY XIE DIRECTOR 1.00
Director
$0 $0 $0
TIANNE DOYLE DIRECTOR 1.00
Director
$0 $0 $0
TONY WALLER DIRECTOR 1.00
Director
$0 $0 $0
WALTER PORTER DIRECTOR 1.00
Director
$0 $0 $0
AARON LORD DIRECTOR 1.00
Director
$0 $0 $0
MAITHILI SHENOY DIRECTOR 1.00
Director
$0 $0 $0
STEVEN REYNOLDS DIRECTOR 1.00
Director
$0 $0 $0
EARNEST TEASTER III PRESIDENT & CEO 50.00
Officer
$417,651 $42,102 $459,753
MIKE SHIREY CHIEF OPERATING OFFICER 50.00
Officer
$296,614 $30,154 $326,768
NANCY YOUSSEF CHIEF BUSINESS DEVELOPMENT OFFICER 50.00
Officer
$299,896 $23,856 $323,752
RODNEY ARNOLD CHIEF MARKETING OFFICER 50.00
Officer
$288,278 $28,444 $316,722
JOE NJOROGE CHIEF FINAN. OFFICER (AS OF 08/24) 50.00
Officer
$82,445 $9,432 $91,877
THERESA MILLER VP DEVELOPMENT 50.00
Key Emp
$179,853 $10,848 $190,701
JAMIE ELLIS VP STRATEGIC COMMUNICATION 50.00
Highest
$143,709 $21,280 $164,989
KELLEN CLAWSON VP OPERATIONS 50.00
Highest
$142,123 $25,014 $167,137
MICHAEL BROWN VP WAREHOUSING & LOGISTICS 50.00
Highest
$115,345 $24,630 $139,975
ROBIN WITCZAK VP BUSINESS DEV. & STRAT. P'SHIPS 50.00
Highest
$147,272 $10,646 $157,918
VIRGINIE MURPHY CONTROLLER 50.00
Highest
$148,460 $14,962 $163,422
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $88,258,383 $86,508,316 $42,818,906 $1,750,067
2024 $126,156,578 $124,300,664 $44,882,864 $1,855,914
2023 $108,371,544 $100,319,141 $42,541,174 $8,052,403
2022 $92,759,575 $92,444,707 $32,677,835 $314,868
2021 $81,779,226 $84,297,218 $32,313,740 $-2,517,992
2020 $121,693,413 $110,231,032 $35,295,754 $11,462,381
2019 $93,110,388 $87,629,767 $22,922,994 $5,480,621
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