Gotta Have Sole Foundation Inc
- Assets
- $211.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Cranston, RI
- Founding
- 08/2010
- Data as of
- 06/2022
- 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 06/2022, Gotta Have Sole Foundation Inc generated $73.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.2%) each year. All expenses for the organization totaled $41.8k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (9.3%) 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
2022
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, 2022, THE PROGRAM DONATED NEW SHOES AND SOCKS TO 1,560 HOMELESS CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicholas Lowinger President | 8 | $9,000 | |
Danny Lowinger Treasurer | 6 | $0 | |
Russell Novack Director | 1 | $0 | |
Mindy Novack Director | 1 | $0 | |
Lori Lowinger Vice President | 8 | $0 | |
Oswald Schwartz Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $72,995 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $310 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $73,305 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $9,000 |
| Professional fees and other payments to independent contractors | $16,027 |
| Occupancy, rent, utilities, and maintenance | $4,419 |
| Printing, publications, postage, and shipping | $436 |
| Other expenses | $7,141 |
| Total expenses | $41,758 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $192,935 |
| Other assets | $0 |
| Total assets | $211,900 |
| Total liabilities | $80 |
| Net assets or fund balances | $211,820 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Gotta Have Sole Foundation Inc has recieved totaling $22,756.
| Awarding Organization | Amount |
|---|---|
Good360 Alexandria, VA PURPOSE: TO ASSIST THOSE IN NEED. | $22,685 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $71 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sharp Charitable Tr Newton, MA | $8,222,395 | $1,860,011 |
Joyce Hergenhan Private Foundation Fairfield, CT | $4,037,389 | $229,293 |
Brides Across America Andover, MA | $512,791 | $461,175 |
Commonwealth Cares Fund Inc Waltham, MA | $1,360,663 | $804,758 |
Cardinal Kung Foundation Inc Stamford, CT | $669,690 | $284,920 |
Gifts For Kids Inc Sharon, MA | $66,362 | $0 |
Eagle-Tribune Santa Claus Trust North Andover, MA | $107,443 | $0 |
Bare Necessities Inc Clinton, CT | $105,317 | $0 |
Project Smile Inc Hopedale, MA | $175,391 | $0 |
For Goodness Sake Inc Wolcott, CT | $25,342 | $0 |
Family Business Inc Branford, CT | $6,037 | $0 |
Greggs Giving Tree Inc East Greenwich, RI | $13,190 | $0 |