Good Will Home Association
- Assets
- $24.8m
- Revenue
- $6.6m
- Investments
- $11.8k
- Employees
- 88
- Location
- Hinckley, ME
- Founding
- 05/1940
- Data as of
- 06/2023
- EIN
- 01-0211508
Organization Overview
Good Will Home Association, operating under the name Good Will-Hinckley, is located in Hinckley, ME. The organization was established in 1940. According to its NTEE Classification (P73) the organization is classified as: Group Homes, under the broad grouping of Human Services and related organizations. As of 06/2023, Good Will-Hinckley employed 88 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Good Will-Hinckley 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, Good Will-Hinckley generated $6.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $6.6m during the year ending 06/2023. While expenses have increased by 7.8% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SCHOOL PROVIDING SERVICES TO CHILDREN IN NEED OF A HELPING HAND RANGING IN AGE FROM 5 TO 21.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOOD WILL HOME ASSOCIATION PROVIDES RESIDENTIAL AND EDUCATIONAL SERVICES TO YOUTHS AGES 5-26.
L.C. BATES MUSEUM - THE MUSEUM OFFERS EDUCATIONAL NATURAL HISTORY AND CULTURAL PROGRAMS AND EXHIBITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ben Ward Chair | OfficerTrustee | 1 | $0 |
Dawn Lesperance Vice Chair | OfficerTrustee | 1 | $0 |
Ryan Moody Secretary | OfficerTrustee | 1 | $0 |
Rich Abramson Director | Trustee | 1 | $0 |
Brian Bernatchez Director | Trustee | 1 | $0 |
Christie Brown Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jarr Management Inc Construction Services | 6/29/23 | $125,055 |
Levi's Paving Llc Paving Services | 6/29/23 | $101,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $7,500 |
| Membership dues | $0 |
| Fundraising events | $6,706 |
| Related organizations | $610,000 |
| Government grants | $1,426,873 |
| All other contributions, gifts, grants, and similar amounts not included above | $357,070 |
| Noncash contributions included in lines 1a–1f | $2,032 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,408,149 |
| Total Program Service Revenue | $3,263,901 |
| Investment income | $421,428 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $447,838 |
| Net Gain/Loss on Asset Sales | $38,468 |
| Net Income from Fundraising Events | $11,842 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,591,626 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $455,103 |
| Compensation of current officers, directors, key employees. | $455,103 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,780,345 |
| Pension plan accruals and contributions | $284,319 |
| Other employee benefits | $651,068 |
| Payroll taxes | $67,448 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,234 |
| Fees for services: Accounting | $45,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,705 |
| Fees for services: Other | $427,262 |
| Advertising and promotion | $14,012 |
| Office expenses | $17,922 |
| Information technology | $23,593 |
| Royalties | $0 |
| Occupancy | $389,186 |
| Travel | $54,302 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $8,357 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $607,383 |
| Insurance | $123,897 |
| All other expenses | $0 |
| Total functional expenses | $6,563,531 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,209 |
| Savings and temporary cash investments | $3,504,795 |
| Pledges and grants receivable | $200,000 |
| Accounts receivable, net | $1,357,810 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $71,879 |
| Net Land, buildings, and equipment | $9,262,438 |
| Investments—publicly traded securities | $637,768 |
| Investments—other securities | $11,815 |
| Investments—program-related | $0 |
| Intangible assets | $41,447 |
| Other assets | $9,749,140 |
| Total assets | $24,843,301 |
| Accounts payable and accrued expenses | $500,040 |
| Grants payable | $0 |
| Deferred revenue | $28,938 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $447,322 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $53,902 |
| Total liabilities | $1,030,202 |
| Net assets without donor restrictions | $13,866,422 |
| Net assets with donor restrictions | $9,946,677 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $24,843,301 |