Gotta Have Sole Foundation Inc
- Assets
- $224.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Cranston, RI
- Founding
- 08/2010
- Data as of
- 06/2023
- EIN
- 27-1992301
Organization Overview
Gotta Have Sole Foundation Inc is located in Cranston, RI. The organization was established in 2010. According to its NTEE Classification (P58) the organization is classified as: Gift Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gotta Have Sole 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 06/2023, Gotta Have Sole Foundation Inc generated $102.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $91.4k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 7 years. 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
SHELTER FOOTWEAR PROGRAM: DONATION OF FOOTWEAR FOR CHILDREN RESIDING IN HOMELESS SHELTERS. IN THE FISCAL YEAR JUNE 30, 2023, THE PROGRAM DONATED 4,754 SHOES AND 6,004 PAIRS OF SOCKS TO HOMELESS CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicholas Lowinger President | 8 | $19,500 | |
Lori Lowinger Vice President | 8 | $0 | |
Danny Lowinger Treasurer | 6 | $0 | |
Russell Novack Director | 1 | $0 | |
Mindy Novack Director | 1 | $0 | |
Oswald Schwartz Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $99,647 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $2,746 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $102,393 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $19,500 |
| Professional fees and other payments to independent contractors | $19,295 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $773 |
| Other expenses | $9,664 |
| Total expenses | $91,376 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $201,846 |
| Other assets | $0 |
| Total assets | $224,439 |
| Total liabilities | $1,602 |
| Net assets or fund balances | $222,837 |