Nonprofit · EIN 27-2305440
SOLE HOPE INC
Tax-exempt · MOUNT JULIET, TN 37121
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 (amended) | $668,779 | $910,147 | -$241,368 | $1,586,369 | $468,498 | $1,117,871 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $668,669
- Program service revenue
- $0
- Investment income
- $33
- Net income from sales of inventory
- $77
- Other revenue
- $77
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $30,000
- Other salaries and wages
- $130,560
- Salaries, compensation and benefits (total)
- $194,347
- Professional fundraising fees
- $0
- Legal fees
- $201,364
- Accounting fees
- $26,095
- Occupancy
- $19,942
- Travel
- $21,096
- Depreciation
- $27,307
- Program services (functional)
- $603,338
- Management and general (functional)
- $256,165
- Fundraising (functional)
- $50,644
Balance sheet and other
- Total assets, start of year
- $1,420,443
- Total assets, end of year
- $1,586,369
- Total liabilities, end of year
- $468,498
- Net assets, end of year
- $1,117,871
- Land, buildings and equipment
- $630,213
- Net assets without donor restrictions
- $1,037,871
- Net assets with donor restrictions
- $80,000
- Gross receipts
- $668,779
- Employees
- 2
- Volunteers
- 100
- Year formed
- 2010
- State of legal domicile
- MO
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ASHER COOLEY | DIRECTOR Trustee or director, Officer | 40 | $30,000 |
| TORY SHERMAN | PRESIDENT/CHAIRMAN Trustee or director, Officer | 1 | $0 |
| JESSICA FALKNER | SECRETARY Trustee or director, Officer | 1 | $0 |
| JEN JORDAN | TREASURER Trustee or director, Officer | 1 | $0 |
| TOM LISTER | DIRECTOR Trustee or director | 1 | $0 |
| GARETH GILKESON | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 929, MOUNT JULIET, TN 37121-0929
- Principal officer (990 for 2024)
- TORY SHERMAN, PO BOX 929, MOUNT JULIET, TN 37121
- Signed the 990
- TORY SHERMAN, PRESIDENT
- Phone
- (615) 566-6422
- Return prepared by
- PURYEAR & NOONAN CPAS
Mission
OFFERING HOPE, HEALTHIER LIVES AND FREEDOM FROM FOOT RELATED DISEASES THROUGH EDUCATION, JOBS AND MEDICAL RELIEF.
Program accomplishments
- TUNGA PENETRANS, KNOWN AS JIGGERS, ARE SMALL SAND FLEAS THAT BURROW INTO THE BARE FEET OF THOUSANDS OF UGANDAN CHILDREN WHO OFTEN LIVE THEIR LIVES WITHOUT ADEQUATE FOOTWEAR. ALONG WITH A MISCONCEPTION ABOUT THE CAUSE OF JIGGERS, THE RESULTS INCLUDE INFECTION, GANGRENE, LOSS OF MOBILITY AND THE OCCASIONAL AMPUTATION AND EVEN DEATH. SOLE HOPE IS COMBATING THE JIGGER PROBLEM IN UGANDA IN TEN MAJOR DISTRICTS. (1) COMMUNITY CLINICS: EVERY WEEK SOLE HOPE TRANSPORTS A TEAM OF MEDICAL PROFESSIONALS, SOCIAL WORKERS, EDUCATORS AND VOLUNTEERS TO A CLINIC SITE IN VILLAGES, WHERE APPROXIMATELY 150 PATIENTS HAVE THEIR FEET WASHED AND TREATED, AND LATER EACH ONE RECEIVES A PAIR OF SHOES TO PROTECT THEIR FEET AND PREVENT RE-INFESTATION. (2) IN COLLABORATION WITH GOVERNMENT HOSPITALS, SOLE HOPE ALSO ESTABLISHED 5 PARTNER CLINICS IN DISTANT DISTRICTS AND THESE ARE RUN BY GOVERNMENT HEALTH WORKERS TRAINED BY SOLE HOPE IN JIGGER MANAGEMENT. (3) SOLE HOPE'S RESIDENTIAL TREATMENT FACILITY POPULARLY KNOWN AS THE HOPE CENTRE, ADMITS AND PROVIDES INPATIENT SERVICES TO SEVERELY INFESTED PATIENTS. ON AVERAGE, 30 PATIENTS ARE ADMITTED PER MONTH.(4) SOLE HOPE RUNS A SHOE WORKSHOP THAT MAKES AN AVERAGE OF 1,700 PAIRS PER MONTH.(5) SOLE HOPE ORGANISES VULNERABLE WOMEN INTO SELF HELP GROUPS AND TRAINS THEM IN INCOME GENERATION AND FINANCIAL MANAGEMENT FOR PURPOSES OF UPLIFTING THEIR HOUSEHOLD INCOME LEVELS AND BE ABLE TO AFFORD BASIC NEEDS FOR THEIR FAMILIES.(6) SOLE HOPE ESTABLISHED CHILD PROTECTION CLUBS IN SCHOOLS TO TRAIN CHILDREN ABOUT THEIR RIGHTS AND RESPONSIBILITIES, AND PROMOTE PEER TO PEER LEARNING.Expenses $603,338 · revenue $77
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 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 27-2305440
- 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
- 2011
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- International, foreign affairs and national security (Q30)
- Assets (IRS master file)
- $1,586,369
- Income (IRS master file)
- $668,779
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | – | – | – | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $670,077 | $579,164 | $1,420,443 | IRS |
| 990 | December 2022 | $426,029 | $790,393 | $1,372,802 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about SOLE HOPE INC
- What is the EIN of SOLE HOPE INC?
- The employer identification number (EIN) of SOLE HOPE INC is 27-2305440.
- Is SOLE HOPE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2011.
- Are donations to SOLE HOPE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SOLE 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 SOLE 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 SOLE HOPE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of SOLE HOPE INC?
- The 990 for the year ended December 31, 2024 names TORY SHERMAN.
- Who are the officers and directors of SOLE HOPE INC?
- The 990 for the year ended December 31, 2024 lists 6 people; 1 received compensation from the organization, the highest $30,000 (ASHER COOLEY, DIRECTOR).
- How much revenue does SOLE HOPE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $668,779, expenses of $910,147 and total assets of $1,586,369 at year end.
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All nonprofits in MOUNT JULIET · Tennessee · International, foreign affairs and national security