Soul Foundation Inc
- Assets
- $312.7k
- Revenue
- $495.6k
- Investments
- $0.0
- Employees
- 4
- Location
- Suffern, NY
- Founding
- 01/2010
- Data as of
- 08/2022
- EIN
- 27-0918927
Organization Overview
Soul Foundation Inc is located in Suffern, NY. The organization was established in 2010. According to its NTEE Classification (Q32) the organization is classified as: International Economic Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 08/2022, Soul Foundation Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Soul Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 08/2022, Soul Foundation Inc generated $495.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $462.6k during the year ending 08/2022. While expenses have increased by 4.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
S.O.U.L. FOUNDATION IS COMMITTED TO FOSTERING SUSTAINABLE PARTNERSHIPS WITH RURAL UGANDANS IN THE AREAS OF EDUCATION, MATERNAL HEALTH, WOMENS EMPOWERMENT, AND FOOD SECURITY IN EASTERN UGANDA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOR THE PAST 13 YEARS, S.O.U.L. FOUNDATION'S MISSION HAS BEEN TO FOSTER SUSTAINABLE AND VIBRANT COMMUNITIES THROUGH UNIQUE PARTNERSHIPS FOCUSED ON EDUCATION, MATERNAL HEALTH, WOMEN EMPOWERMENT, AND FOOD SECURITY. WE USE A COMMUNITY-DRIVEN DEVELOPMENT MODEL IN THE DESIGN, IMPLEMENTATION, AND EVALUATION OF ALL PROGRAMS. IN THE FISCAL YEAR ENDING 8/31/2022, S.O.U.L. ACHIEVED SO MUCH. UGANDA ENDED A 24-MONTH RESTRICTIVE LOCKDOWN IN JANUARY 2022, WITH THE ECONOMY OPENING UP FOR BUSINESS AND SOCIAL DEVELOPMENT ACTIVITIES. S.O.U.L. SUPPORTED 370 STUDENTS FROM PRIMARY TO TERTIARY LEVELS OF EDUCATION, PROVIDING TUITION AND UPKEEP SCHOLARSHIPS THROUGH OUR 50/50 FINANCIAL PARTNERSHIPS MODEL. S.O.U.L. PRESCHOOLS PROVIDED EARLY CHILDHOOD EDUCATION TO 183 LEARNERS ACROSS OUR JINJA AND IGANGA CAMPUSES. WITH THE HELP OF AMAZING FUNDERS - TEAM4TECH AND RICHARD SEGAL - OUR JINJA COMPUTER LAB HAS BEEN REFURBISHED WITH 23 NEW OPERATING SYSTEMS AND A NEW SOLAR SETUP TO POWER THE ENTIRE JINJA COMMUNITY CENTER. S.O.U.L. WAS ACCREDITED BY THE DIRECTORATE OF INDUSTRIAL TRAINING (DIT) IN JANUARY 2022, A QUALITY ASSURANCE ENTITY UNDER THE MINISTRY OF EDUCATION IN UGANDA. THIS ENABLES US TO GRADUATE TAILORING AND COMPUTER STUDENTS WITH GOVERNMENT CERTIFICATIONS MEETING INDUSTRY STANDARDS.S.O.U.L.'S ANTENATAL EDUCATION CLASSES (AEC) GRADUATED 347 PARTICIPANTS. 766 WOMEN RECEIVED FREE ULTRASOUND SCANS. S.O.U.L. DISTRIBUTED 4061 PRENATAL MULTIVITAMINS, 1072 ANTIMALARIAL SOAPS, AND 838 BIRTHING KITS TO PREGNANT MOTHERS. OUR COMPUTER PROGRAM TRAINED 108 LEARNERS, PROVIDING THEM WITH IMPORTANT DIGITAL SKILLS. S.O.U.L.'S TAILORING CLASSES TRAINED 161 PARTICIPANTS AS A PART OF OUR WOMEN EMPOWERMENT PROGRAM.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brooke Stern Okoth CEO | OfficerTrustee | 50 | $77,000 |
Nathanya Ahmed Secretary | OfficerTrustee | 5 | $0 |
Robert Greenfield Treasurer | OfficerTrustee | 5 | $0 |
Diane Stern Trustee | Trustee | 30 | $0 |
Suzanne Mitchell Trustee | Trustee | 5 | $0 |
Biiftu Abajabel Trustee | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $43,802 |
| All other contributions, gifts, grants, and similar amounts not included above | $281,696 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $325,498 |
| Total Program Service Revenue | $98,771 |
| Investment income | $168 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $71,184 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $495,621 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $77,000 |
| Compensation of current officers, directors, key employees. | $19,250 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $139,708 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $22,299 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $9,179 |
| Information technology | $8,115 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,455 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,653 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,297 |
| Insurance | $14,593 |
| All other expenses | $15,915 |
| Total functional expenses | $462,633 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $192,414 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $120,300 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1 |
| Total assets | $312,715 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $24,464 |
| Total liabilities | $24,464 |
| Net assets without donor restrictions | $199,751 |
| Net assets with donor restrictions | $88,500 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $312,715 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Soul Foundation Inc has recieved totaling $115,296.
| Awarding Organization | Amount |
|---|---|
Segal Family Foundation Inc Warren, NJ PURPOSE: CHARITABLE PURPOSE | $115,270 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $26 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
C I S Development Foundation Inc East Brunswick, NJ | $9,322,702 | $62,866,043 |
Polish-American Freedom Foundation New York, NY | $332,912,578 | $20,651,430 |
Omidyar-Tufts Microfinance Fund Somerville, MA | $114,828,830 | -$1,213,909 |
Dress For Success Worldwide New York, NY | $9,765,263 | $14,118,582 |
Endeavor Global Inc New York, NY | $17,758,887 | $22,239,624 |
Mennonite Economic Development Associates Lancaster, PA | $26,265,593 | $14,802,817 |
Financial Services Volunteer Corps Inc New York, NY | $4,338,276 | $8,058,219 |
Romanian American Foundation New York, NY | $151,764,693 | $36,392,050 |
Nest Inc New York, NY | $5,296,909 | $4,810,117 |
Cerge-Ei Foundation New York, NY | $13,211,124 | $3,287,220 |
Junior Achievement Of New York New York, NY | $4,177,610 | $3,603,746 |
Junior Achievement Usa Bridgeville, PA | $5,474,447 | $2,637,956 |