The Jacob S Zweig Foundation Inc

What it reported doing in 2024

From inception through december 31, 2024, in jacob's shoes has provided 262,370 pairs of shoes, 95,977 pairs of socks, 12,704 backpacks with school supplies and 4,836 pieces of athletic equipment to local children and families in need. In jacob's shoes partners with hundreds of schools, social service agencies, shelters and other charities and has established and maintained over 140 emergency shoe closets throughout south Florida. Most of the children served live in poverty. Many are homeless or are living in shelters. Some are in foster care or have aged out of foster care. Some have special needs. Some are victims of abuse or neglect and have been removed from their homes. Others are victims of fires, floods or hurricanes. Some must wear shoes that are too small, have holes or don't have soles. Some kids have no shoes at all or are forced to share shoes with siblings or parents. Wearing ill-fitted or damaged shoes is unhealthy for children's developing feet and can cause serious health issues. It can also cause the children to experience significant embarrassment. Walking to and around school becomes painful and, in some cases, prevents children from attending class regularly or participating in sports and extracurricular activities. Having a great pair of well-fitted shoes has a lasting, positive affect on a child's self-esteem. It also decreases bullying and reduces truancy. Our shoes provide children in need the opportunity to excel in academia and sports so they can work towards receiving scholarships to colleges and universities and opportunities they would not have access to otherwise. The shoes we provide allow children in need to attend school prepared and with dignity. In jacob's shoes receives in-kind donations of new and gently used shoes, socks, backpacks & school supplies. The gently used items are refurbished and then both the new and gently used items are placed into inventory and then distributed to children and families in need living in south Florida. The in-kind items distributed are closely monitored and all demographic information (recipient's age, city, county, school, shelter, charity partner etc.) is recorded in an inventory system. Below is a recap of the in-kind donations received and distributed for calendar year 2024: new & gently used in-kind donations received 241,450 (estimated value) new & gently used in-kind items distributed to children & families in need 318,983 (estimated value)

Financial Efficiency

• Mission deployment rate: 97.7%; rating input score 98
• Program expense ratio: 93.1%; rating input score 93
• Fundraising efficiency: $15.62 raised per $1 spent on fundraising; rating input score 52; 52nd percentile among comparable filings

Transparency & Controls

• Consistency checks: 88.2%; rating input score 88; 3rd percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: 70.9%; rating input score 71; 32nd percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 2 of 7 controls in place; rating input score 29
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Fail
  • Document-retention policy: Fail
  • CEO compensation review process: NotApplicable
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Fail
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Fail
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: -5%; rating input score 24; 24th percentile among comparable filings
• Total-asset coverage ratio: 0.73; rating input score 33; 33rd percentile among comparable filings
• Liabilities to assets ratio: 0; rating input score 74; 74th percentile among comparable filings
• Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings

Growth

• Program expense growth: 11.7% per year; rating input score 100; 68th percentile among comparable filings
• Revenue growth: 13.3% per year; rating input score 100; 75th percentile among comparable filings
• Asset growth: 20.7% per year; rating input score 100; 82nd percentile among comparable filings