Nonprofit · EIN 27-1883658
CLEAN SOCKS HOPE INC
Tax-exempt · NEW ALBANY, IN 47151
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2023 | 990 | $224,899 | $297,480 | -$72,581 | $13,268 | $72,581 | -$59,313 |
| December 31, 2022 | 990 | $331,358 | $249,768 | $81,590 | $13,268 | $0 | $13,268 |
Financial details: 990 for the year ended December 31, 2023
Revenue
- Contributions, gifts and grants
- $8,435
- Membership dues
- $28
- Program service revenue
- $256,822
- Investment income
- $0
- Net income from sales of inventory
- -$40,358
- Other revenue
- -$40,358
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $191,908
- Salaries, compensation and benefits (total)
- $206,555
- Professional fundraising fees
- $0
- Legal fees
- $3,285
- Accounting fees
- $1,000
- Occupancy
- $16,532
- Travel
- $628
- Depreciation
- $30,000
- Program services (functional)
- $297,480
Balance sheet and other
- Total assets, start of year
- $13,268
- Total assets, end of year
- $13,268
- Total liabilities, end of year
- $72,581
- Net assets, end of year
- -$59,313
- Land, buildings and equipment
- $12,009
- Net assets without donor restrictions
- -$59,313
- Gross receipts
- $522,079
- Employees
- 1
- Volunteers
- 10
- Year formed
- 2010
- State of legal domicile
- IN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2023, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jeffrey S Minton | Executive Director Trustee or director | 25 | $0 |
| Aundrea Ludlow | Board Member Institutional trustee | 1 | $0 |
| Michael Ludlow | Board Member Institutional trustee | 1 | $0 |
| Michelle L Minton | Vice Chair Institutional trustee | 1 | $0 |
| Jack Mauzy | Board Member Institutional trustee | 1 | $0 |
| Deb Mauzy | Board Member Institutional trustee | 1 | $0 |
| Rev Tommy Embry | Secretary Officer | 1 | $0 |
990 for the year ended December 31, 2022: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jeffrey S Minton | Executive Director Trustee or director | 25 | $0 |
| Aundrea Ludlow | Board Member Institutional trustee | 1 | $0 |
| Michael Ludlow | Board Member Institutional trustee | 1 | $0 |
| Rev Tommy Embry | Secretary Officer | 1 | $0 |
| Geri Cozine | Treasurer Officer | 1 | $0 |
| Michelle L Minton | Vice Chair Officer | 1 | $0 |
| Jack Mauzy | Board Member Key employee | 1 | $0 |
| Deb Mauzy | Board Member Key employee | 1 | $0 |
| Rev Brian Combs | Spiritual Director Former | 0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1422, NEW ALBANY, IN 47151-1422
- Mailing address (990-N for 2016)
- 1423 E OAK STREET, NEW ALBANY IN 47150
- Principal officer (990 for 2023)
- Jeffrey S Minton, 1965 Old East Road NE, Palmyra, IN 47164
- Principal officer (990-N for 2016)
- JEFFREY S MINTON, 1965 OLD EAST ROAD NE, PALMYRA IN 47164
- Signed the 990
- Jeffrey Minton, Executive Director
- Phone
- (502) 533-1135
- Website
- WWW.CLEANSOCKSHOPE.ORG
Mission
Clean Socks Hope partners with underserved neighborhoods to provide innovative development that leads to restoration in all areas of life.
Program accomplishments
- Pizza Ministry: 8th Street Pizza is a fast casual hybrid restaurant and social cafe with a conscience. Instead of proceeds going to an owner or figurehead, our proceeds support the underserved New Albany community.Expenses $297,180 · revenue $256,822
- Midtown Neighborhood Network is a primary way in which we answer food insecurity is by equipping cooperative members to achieve food security. While members' life situations differ, they all share one experience: At the end of the month, they are low on money and because of the unpredictability of food bank donations and shelter resources, they do not know whether to spend their limited cash on food, rent, or utilities.Expenses $300
- NA0
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | Not on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 27-1883658
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2010
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L194)
- Assets (IRS master file)
- $13,268
- Income (IRS master file)
- $522,079
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2023 | $224,899 | $297,480 | $13,268 | XML |
| 990 | December 2022 | $331,358 | $249,768 | $13,268 | XML |
| 990 | December 2021 | $355,234 | $233,617 | $13,268 | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2016 Officer: JEFFREY S MINTON | December 31, 2016 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 27-1883658).
Questions about CLEAN SOCKS HOPE INC
- What is the EIN of CLEAN SOCKS HOPE INC?
- The employer identification number (EIN) of CLEAN SOCKS HOPE INC is 27-1883658.
- Is CLEAN SOCKS HOPE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
- Are donations to CLEAN SOCKS HOPE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CLEAN SOCKS HOPE INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CLEAN SOCKS HOPE INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CLEAN SOCKS HOPE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2023.
- Who is the principal officer of CLEAN SOCKS HOPE INC?
- The 990 for the year ended December 31, 2023 names Jeffrey S Minton.
- Who are the officers and directors of CLEAN SOCKS HOPE INC?
- The 990 for the year ended December 31, 2023 lists 7 people; 0 received compensation from the organization.
- How much revenue does CLEAN SOCKS HOPE INC have?
- On its 990 for the year ended December 31, 2023 it reported revenue of $224,899, expenses of $297,480 and total assets of $13,268 at year end.
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