2016-03-18T11:02:07-05:00 2015-06-30 620713250 KRAFTCPAS PLLC 555 GREAT CIRCLE ROAD NASHVILLE TN 37228 990 2014-07-01 204023482 SOLES4SOULS INC SOLE 6153915723 319 MARTINGALE DRIVE OLD HICKORY TN 37138 LES WARD CFO 6153915723 2016-03-18 1 KEN YOUNGSTEAD P00320901 6152427351 2016-03-18 2014 2016-08-17 19:52:53Z EARNEST C TEASTER III 319 MARTINGALE DRIVE OLD HICKORY TN 37138 38846371 0 X WWW.SOLES4SOULS.ORG X 2006 AL SOLES4SOULS IS A GLOBAL NOT-FOR-PROFIT INSTITUTION DEDICATED TO FIGHTING THE DEVASTATING IMPACT AND PERPETUATION OF POVERTY. THE ORGANIZATION ADVANCES ITS ANTI-POVERTY MISSION BY COLLECTING NEW AND USED SHOES AND CLOTHES. 11 11 46 5000 0 0 37906037 36038982 2760499 2797390 5833 1904 86554 8095 40758923 38846371 12404800 9315319 0 0 2219660 2192190 0 0 805684 27896889 28436911 42521349 39944420 -1762426 -1098049 15587032 14496992 3102672 3110681 12484360 11386311 X SOLES4SOULS IS A GLOBAL NOT-FOR-PROFIT INSTITUTION DEDICATED TO FIGHTING THE DEVASTATING IMPACT AND PERPETUATION OF POVERTY. THE ORGANIZATION ADVANCES ITS ANTI-POVERTY MISSION BY COLLECTING NEW AND USED SHOES AND CLOTHES FROM INDIVIDUALS, SCHOOLS, FAITH-BASED INSTITUTIONS, CIVIC ORGANIZATIONS AND CORPORATE PARTNERS, THEN DISTRIBUTING THOSE SHOES AND CLOTHES BOTH VIA DIRECT DONATIONS TO PEOPLE IN NEED AND BY PROVISIONING QUALIFIED MICRO-ENTERPRISE PROGRAMS DESIGNED TO CREATE JOBS IN POOR AND DISADVANTAGED COMMUNITIES. 0 1 25398720 8038207 1963840 SOLES4SOULS COLLECTS SHOES FROM THE FOOTWEAR INDUSTRY, INCLUDING MANUFACTURING, WHOLESALE AND RETAIL ORIENTED COMPANIES. THESE DONATIONS WILL INCLUDE FIRST-QUALITY NEW SHOES, SHOES WITH MINOR DEFECTS, AND CUSTOMER RETURNS. S4S ALSO COLLECTS SHOE DONATIONS FROM THE GENERAL PUBLIC THROUGH SHOE DRIVES HOSTED BY INDIVIDUALS, CIVIC GROUPS, SCHOOLS, CHURCHES, AND RETAIL BUSINESSES. THROUGH OUR EXTENSIVE NETWORK OF QUALIFIED CHARITABLE PARTNERS, AS WELL AS THROUGH OUR TRAVEL4SOULS VOLUNTEER PROGRAM, NEW SHOES ARE DISTRIBUTED TO PEOPLE IN NEED BOTH IN THE U.S. AND INTERNATIONALLY SUFFERING FROM CONDITIONS OF POVERTY OR THE EFFECTS OF NATURAL DISASTERS. USED SHOES ARE GRADED AND UTILIZED IN SUPPORT OF MICROENTERPRISE INITIATIVES IN DEVELOPING NATIONS. THESE SHOES WILL PROVIDE A LIVELIHOOD FOR MANY IMPOVERISHED FAMILIES, SPURRING LOCAL DEVELOPMENT AS WELL AS PROVIDING ACCESS TO LOW-COST FOOTWEAR IN AREAS WHERE THERE MAY BE NO ALTERNATIVES. 13055408 1277112 841645 CLOTHES4SOULS RECEIVES DONATIONS OF CLOTHING AND ACCESSORIES FROM THE APPAREL INDUSTRY. THESE DONATIONS WILL INCLUDE NEW CLOTHING FROM FIRST-QUALITY INVENTORIES, CUSTOMER RETURNS, DEFECTIVE PRODUCTS, AND ITEMS WITH COSMETIC DEFICIENCIES. SIMILAR TO THE UTILIZATION OF FOOTWEAR, NEW CLOTHING IS DISTRIBUTED TO PROVIDE SHORT TERM RELIEF INCLUDING CRISIS RELIEF SITUATIONS. CLOTHING EITHER DAMAGED OR IN NEED OF REPAIR IS USED IN SUPPORT OF MICROENTERPRISE INITIATIVES IN DEVELOPING NATIONS. AS WITH FOOTWEAR, THIS SUSTAINABLE EFFORT ULTIMATELY ADVANCES THE GLOBAL FIGHT AGAINST POVERTY. 0 0 0 38454128 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 1 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 1 11 0 46 1 0 0 0 0 0 0 0 0 0 0 X 11 11 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 TN AL AK CA CO CT FL GA HI IL KS KY ME MD MA MI MN MS NH NJ NM NY NC ND OH OK OR PA RI SC UT VA WA WV WI X X TIM DEATS 6153915723 319 MARTINGALE DRIVE OLD HICKORY TN 37138 X PAUL WILSON CHAIRMAN THRU 11/30/14 1.00 X X 0 0 0 MARION WILSON JR VICE CHAIR THRU 01/19/15 1.00 X X 0 0 0 BERNADETTE LANE DIRECTOR 1.00 X 0 0 0 VAN GHOLSTON DIRECTOR THRU 07/24/14 1.00 X 0 0 0 TREVOR MASSON DIRECTOR 1.00 X 0 0 0 PATRICK MCLAUGHLIN DIRECTOR 1.00 X 0 0 0 DR BERNARD TURNER DIRECTOR 1.00 X 0 0 0 NANCY YOUSSEF DIRECTOR 1.00 X 0 0 0 RANDY DUNN DIRECTOR 1.00 X 0 0 0 BRIAN EHRIG DIRECTOR 1.00 X 0 0 0 ANDY HAMMONDS DIRECTOR 1.00 X 0 0 0 CLAY JENKINS DIRECTOR 1.00 X 0 0 0 JANET RIVES DIRECTOR 1.00 X 0 0 0 KARLA JARVIS DIRECTOR 1.00 X 0 0 0 EARNEST C TEASTER III CEO 40.00 X 229249 0 14986 LES WARD CFO 40.00 X 132663 0 8723 DAVID GRABEN COO 40.00 X 138206 0 9299 KEVIN CHEREP CHIEF DEVELOPMENT OFFICER UNTIL 01/15/15 40.00 X 160379 0 10699 DONNA MATTIC CHIEF INVESTOR RELATIONS OFFICER-HIRED 1-15-15 40.00 X 0 0 0 660497 0 43707 4 0 1 0 0 36038982 34665443 36038982 MICRO-ENTERPRISE PROGRAM 900099 2426443 2426443 INTL VOLUNTEER TRAVEL FEES 900099 370947 370947 2797390 1904 1904 MISCELLANEOUS REVENUE 900099 8095 8095 8095 38846371 2805485 0 1904 X 5042382 5042382 3792937 3792937 480000 480000 714851 374576 198660 141615 1207434 774916 181453 251065 35208 24156 1146 9906 106670 65400 18631 22639 128027 78299 22622 27106 26290 2629 23661 42377 42377 231579 135158 9196 87225 49593 39675 9918 147509 115133 19426 12950 85091 64648 12266 8177 432103 408991 11556 11556 124537 93402 18681 12454 158411 118809 23761 15841 167818 125863 25173 16782 MICRO ENTERPRISE BUSINE 26435063 26435063 OTHER DISTRIBUTION EXPE 190510 190510 DIRECT MAIL 131864 131864 EVENTS 38525 38525 175641 91581 75999 8061 39944420 38454128 684608 805684 132473 143931 500800 502704 43996 131692 11636308 10551369 38372 90623 3903102 848588 3209331 3054514 25752 22159 15587032 14496992 435575 432140 73544 138894 2283553 2194647 310000 345000 3102672 3110681 X 4950495 2845678 7533865 8540633 12484360 11386311 15587032 14496992 -1098049 0 X X 0 1 X 1 0 X 62016593 48452696 47435412 37906037 36038982 231849720 62016593 48452696 47435412 37906037 36038982 231849720 36509939 195339781 14785 4411 27239 800 1904 49139 54780 12354 2553 86554 8905 165146 232064005 14656074 0.84170 0.89450 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 238800 238800 3198378 493524 2704854 15850 8453 7397 183775 134249 49526 266299 212362 53937 3054514 LINE OF CREDIT 345000 345000 X 38846371 0 38846371 0 38846371 39944444 24 24 39944420 0 39944420 PART X, LINE 2: MANAGEMENT PERFORMS AN EVALUATION OF ALL INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE COURSE OF PREPARING THE ORGANIZATION'S INCOME TAX RETURNS TO DETERMINE WHETHER THE INCOME TAX POSITIONS MEET A "MORE LIKELY THAN NOT" STANDARD OF BEING SUSTAINED UNDER EXAMINATION BY THE APPLICABLE TAXING AUTHORITIES. MANAGEMENT HAS PERFORMED ITS EVALUATION OF ALL INCOME TAX POSITIONS TAKEN ON ALL OPEN INCOME TAX RETURNS AND HAS DETERMINED THAT THERE WERE NO POSITIONS TAKEN THAT DO NOT MEET THE "MORE LIKELY THAN NOT" STANDARD. ACCORDINGLY, THERE ARE NO PROVISIONS FOR INCOME TAXES, PENALTIES OR INTEREST RECEIVABLE OR PAYABLE RELATING TO UNCERTAIN INCOME TAX POSITIONS. PART XII, LINE 2D - OTHER ADJUSTMENTS: CHANGING THE WORLD EXPENSES 24. 1 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES TO DISTRIBUTE FOOTWEAR 480000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 480000 0 480000 24,000 PAIRS OF FOOTWEAR CENTRAL AMERICA AND THE CARIBBEAN 480000 OUR OUTREACH TEAM MADE 9 TRIPS TO HAITI AND DISTRIBUTED 9,000 PAIRS OF SHOES, 2 TRIPS TO JAMAICA AND DISTRIBUTED 2,000 PAIRS OF SHOES, 6 TRIPS TO COSTA RICA AND DISTRIBUTED 6,000 PAIRS OF SHOES, 3 TRIPS TO HONDURAS AND DISTRIBUTED 3,000 PAIRS OF SHOES, AND 4 TRIPS TO GUATEMALA AND DISTRIBUTED 4,000 PAIRS OF SHOES, FMV CENTRAL AMERICA AND THE CARIBBEAN CENTRAL AMERICA AND THE CARIBBEAN CENTRAL AMERICA AND THE CARIBBEAN 0 0 0 0 0 0 PART I, LINE 2: THE ORGANIZATION MAINTAINS SHIPPING RECORDS OF GRANTS OF GIFTS IN-KIND GIVEN TO RECIPIENTS. THE ORGANIZATION ALSO REQUIRES THAT ALL RECIPIENTS SIGN A PARTNER AGREEMENT AND PROVIDE PROOF OF DISTRIBUTION OF PRODUCTS THAT WERE RECEIVED. SCHEDULE F, PART V: THROUGH ITS TRAVEL4SOULS PROGRAM, VOLUNTEERS FROM ACROSS THE UNITED STATES, CANADA AND AUSTRALIA JOIN S4S STAFF ON DISTRIBUTION TRIPS TO VARIOUS COUNTRIES, AND IN DOING SO ENJOY THE FIRST-HAND EXPERIENCE OF PROVIDING SHOES AND CLOTHING TO PEOPLE IN THE MOST DESPERATE SITUATIONS. DURING THE YEAR, TEAMS VISITED HAITI, JAMAICA, COSTA RICA, HONDURAS, & GUATEMALA ON A TOTAL OF 24 OF THESE TRIPS, PERSONALLY GIVING OVER 24,000 PAIRS OF SHOES TO CHILDREN AND FAMILIES IN ORPHANAGES, SCHOOLS, VILLAGES, AND EVEN TENT CITIES. 1 OPERATION COMPASSION 114 STUART ROAD NE STE 370 CLEVELAND TN 37312 621697490 501(C)(3) 5042382 FMV SEE PART IV FOR DESCRIPTION TO DISTRIBUTE TO THE NEEDY 1 1 SHOES AND CLOTHING 189647 3792937 ORGANIZATION ESTIMATE SHOES PART I, LINE 2: THE ORGANIZATION MAINTAINS SHIPPING RECORDS OF GRANTS OF GIFTS IN-KIND GIVEN TO RECIPIENTS. THE ORGANIZATION ALSO REQUIRES THAT ALL RECIPIENTS SIGN A PARTNER AGREEMENT AND PROVIDE PROOF OF DISTRIBUTION OF PRODUCTS THAT WERE RECEIVED. PART II, LINE 1(G): DESCRIPTION OF NON-CASH ASSISTANCE: OPERATION COMPASSION: 901,038 PAIRS OF FOOTWEAR AND 11,076 PIECES OF CLOTHING. SCHEDULE I, PART IV: GRANTS AND OTHER ASSISTANCE TO GOVERNMENTS AND ORGANIZATIONS IN THE U.S.: SOLES4SOULS WORKS IN COOPERATION WITH MANY OTHER CHARITABLE ORGANIZATIONS TO FACILITATE THE DISTRIBUTION OF DONATED SHOES, CLOTHING, AND OTHER RELIEF SUPPLIES AROUND THE WORLD. THESE DONATIONS TO LARGE, REPUTABLE, U.S. - BASED ORGANIZATIONS WILL BE DISTRIBUTED BOTH DOMESTICALLY AND INTERNATIONALLY TO LOCAL AGENCIES PROVIDING CRISIS AND POVERTY RELIEF TO PEOPLE IN NEED WHEREVER THEY MAY BE. A FULL TRUCKLOAD OF SHOES, CLOTHING, AND OTHER RELIEF SUPPLIES DISTRIBUTED IN THIS MANNER CAN SERVE THE NEEDS OF THOUSANDS OF PEOPLE IN DOZENS OF DIFFERENT COUNTRIES, AND WILL BE COMPLEMENTED BY OTHER NECESSITIES THAT OUR DISTRIBUTION PARTNERS HAVE AVAILABLE TO THEM. PARTNER ORGANIZATIONS ARE CAREFULLY VETTED AND CONTRACTUALLY OBLIGATED TO ENSURE THE MISSION IMPACT OF SOLES4SOULS IS MAXIMIZED. GRANTS AND OTHER ASSISTANCE TO INDIVIDUALS IN THE U.S.: SOLES4SOULS HAS AN EXTENSIVE NETWORK OF LOCAL VOLUNTEER ORGANIZATIONS WHO WORK ON ITS BEHALF TO DISTRIBUTE SHOES DIRECTLY TO THOSE IN NEED IN THE UNITED STATES. WITH DISTRIBUTIONS RANGING FROM OUR THANKSGIVING FOOT EXAM AND SHOE GIVEAWAY HELD IN OVER 35 CITIES ACROSS AMERICA, CHRISTMAS SEASON SHOE, TOY, AND BOOK EVENTS, AND OUR EVERYDAY SUPPORT OF HUNDREDS OF OTHER PARTNER GROUPS, WE ARE REACHING THOUSANDS OF PEOPLE WHO FIND THEMSELVES LIVING IN ADVERSE CONDITIONS. X X X X 0 0 0 0 0 0 0 1 0 EARNEST C TEASTER III CEO 229249 0 0 0 0 0 14312 0 674 0 244235 0 0 0 KEVIN CHEREP CHIEF DEVELOPMENT OFFICER UNTIL 01/1 160379 0 0 0 0 0 10125 0 574 0 171078 0 0 0 SCHEDULE J, PART I, LINE 7 - NON-FIXED PAYMENTS PROVIDED: BONUSES ARE PAID AT BOARD'S DISCRETION. NO BONUSES WERE PAID IN CALENDAR 2014. LES WARD LES WARD IS CFO OF SOLES4SOULS, INC. 45000 LES WARD, CURRENT CFO OF S4S, IS ALSO A 25.2% PARTNER OF BLACKBRIAR ADVISORS, LLC. S4S DIRECLY PAID BLACKBRIAR ADVISORS, LLC $45,000 FOR RESOURCE FEES FOR LES WARD'S TIME FROM JULY 1, 2014 THROUGH JUNE 30, 2015 0 X 34665443 ORGANIZATION'S ESTIMATE 0 0 1 PART I, LINE 32B: SOLES4SOULS RECEIVES MILLIONS OF ARTICLES OF USED SHOES AND CLOTHING THAT HAVE BEEN COLLECTED BY INDIVIDUALS, SCHOOLS, FAITH-BASED INSTITUTIONS, CIVIC ORGANIZATIONS AND CORPORATE PARTNERS. AFTER SORTING ITEMS IN ITS NATIONAL WAREHOUSE SYSTEM, SOLES4SOULS SELLS THE USED AND ALLOWED NEW SHOES AND CLOTHING TO CAREFULLY SELECTED MICRO-ENTERPRISE ORGANIZATIONS. THESE ARE PRIVATE AND NON-PROFIT COMPANIES WITH WHOM WE ESTABLISH CONTRACT RELATIONSHIPS TO PROVIDE SHIPPING, FINANCING, INVENTORY, TRAINING AND OTHER SUPPORT TO ULTRA-SMALL BUSINESSES IN CENTRAL AMERICA, SOUTH AMERICA, AND AFRICA. SOLES4SOULS' CONTRACTED PARTNERS PROVIDE THE MICRO-ENTERPRISE (ULTRA-SMALL BUSINESS) OPERATORS WITH SHOES AND CLOTHING TO SELL IN THEIR COMMUNITIES. LIKE ANY BUSINESS, THIS INVENTORY IS OFTEN PROVIDED ON CREDIT -- ALSO PROVIDED BY OUR PARTNER ORGANIZATION - AND THE OPERATOR KEEPS THE PROFITS THEY MAKE FROM WHAT THEY SELL. THESE PROFITS BECOME THE INCOME THAT PASSES THROUGH THE LOCAL ECONOMY THE REVENUE THAT IS GENERATED BY PROVIDING INVENTORY FOR ULTRA-SMALL BUSINESS OPERATORS IN SEVERAL COUNTRIES PAYS FOR DISTRIBUTION COSTS - BY FAR OUR HIGHEST EXPENSE - OPERATIONS, SALARIES AND BENEFITS, AND TO GROW SOLES4SOULS' ABILITY TO ACQUIRE AND DIRECTLY DONATE NEW AND USED SHOES TO PEOPLE IN NEED, OR IN THE AFTERMATH OF A DISASTER. FORM 990, PART III, LINE 3 SOLES4SOULS HAS DISCONTINUED OPERATIONS OF HOPE4SOULS (ITEMS OTHER THAN SHOES AND CLOTHING) OVER THE LAST COUPLE OF YEARS AS IT SEEKS TO FOCUS MORE ON ITS ORIGINAL MISSION OF PROVIDING SHOES AND CLOTHING TO THOSE IN NEED. FORM 990, PART VI, SECTION A, LINE 2 RELATED PARTY INFORMATION PAUL WILSON, DIRECTOR THROUGH 11/30/14, AND MARION WILSON JR., DIRECTOR THROUGH 1/19/15, HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11 UPON APPROVAL OF THE DRAFT RETURN BY THE CEO, CFO, AND CONTROLLER, THE FORM 990 IS THEN MADE AVAILABLE TO THE BOARD OF DIRECTORS PRIOR TO ITS FILING. FORM 990, PART VI, SECTION B, LINE 12C ENFORCEMENT OF CONFLICTS POLICY: DIRECTORS DISCLOSE ANY POTENTIALLY CONFLICTING INTERESTS AND ARE IN FREQUENT COMMUNICATION. IT IS INCUMBENT UPON THE DIRECTORS TO MONITOR ANY POTENTIAL CONFLICT SITUATIONS ON A CONTINUING BASIS. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION'S CEO: CEO COMPENSATION IS DISCUSSED ANNUALLY BY THE BOARD OF DIRECTORS (WITHOUT CEO PRESENT). ACTING WITH ADVICE FROM INDEPENDENT CONSULTANT REGARDING THE COMPENSATION, THE BOARD REVIEWS PERFORMANCE AND PROGRESS OF THE ORGANIZATION TO DETERMINE THE CEO COMPENSATION. THE BOARD ACTS WITH ADVICE FROM AN INDEPENDENT COMPENSATION CONSULTANT AND ALSO OTHER RESOURCES, SUCH AS GUIDESTAR ANNUAL COMPENSATION SURVEY OF EXEMPT ORGANIZATIONS. OTHER OFFICERS AND KEY EMPLOYEES OF THE ORGANIZATION: THE ORGANIZATION HAS CONTRACTED WITH AN INDEPENDENT COMPENSATION SPECIALIST TO EXAMINE THE COMPENSATION OF ALL FUNCTIONS OF THE EXECUTIVE TEAM, AS WELL AS DEVELOP AND ENHANCE THE ORGANIZATION'S COMPENSATION POLICY. RELATIVE DATA FROM COMPARABLE ORGANIZATIONS IN THE EXEMPT CATEGORIES ARE USED IN THIS STUDY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VII, COLUMN D & F: PER THE FORM 990 INSTRUCTIONS THE OFFICERS' COMPENSATION AMOUNTS LISTED ON PART VII, COLUMNS D & F ARE FOR THE 2014 CALENDAR YEAR. THE FISCAL YEAR COMPENSATION AMOUNTS FOR THESE OFFICERS ARE INCLUDED ON PART IX LINE 5. FORM 990, PART IX, LINE #24A: THE MICRO-ENTERPRISE IN-KIND DISTRIBUTIONS CONSISTED OF 1,921,605 PAIRS OF SHOES VALUED AT $15,574,705, CLOTHING VALUED AT $10,403,971, AND OTHER RELIEF ITEMS VALUED AT $456,387. FORM 990, PART XII, LINE 2C: THE ORGANIZATION'S OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS OR THE SELECTION PROCESS OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. CHANGING THE WORLD FOUNDATION INC 319 MARTINGALE DRIVE OLD HICKORY TN 37138 264305664 SUPPORTING TN 509A3 11A N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0