Soles Of Love Inc
- Assets
- $11.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Myersville, MD
- Founding
- 02/2017
- Data as of
- 12/2023
- EIN
- 81-5072380
Organization Overview
Soles Of Love Inc is located in Myersville, MD. The organization was established in 2017. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Soles Of Love 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 12/2023, Soles Of Love Inc generated $48.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $51.4k during the year ending 12/2023. While expenses have increased by 18.5% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE ANNUAL SIGNATURE EVENT NETTED APPROXIMATELY 5200 PAIRS OF NEW SHOES WHICH WERE DISTRIBUTED TO AREA CHILDREN IN NEED BEFORE THE START OF SCHOOL. THROUGHOUT THE YEAR, AN ADDITIONAL 500 PAIRS OF WINTER BOOTS WERE PURCHASED AND DISTRIBUTED TO THE SAME POPULATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Gaver President | 5 | $0 | |
Daniel Gaver Vice President | 1 | $0 | |
Craig Gaver Secretary | 1 | $0 | |
Kevin Gaver Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $48,459 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $48,459 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $12,262 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $39,126 |
| Total expenses | $51,388 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $11,131 |
| Other assets | $0 |
| Total assets | $11,131 |
| Total liabilities | $0 |
| Net assets or fund balances | $11,131 |