Morgan Memorial Goodwill Industries Inc

Organization Overview

Morgan Memorial Goodwill Industries Inc is located in Boston, MA. The organization was established in 1928. According to its NTEE Classification (J32) the organization is classified as: Goodwill Industries, under the broad grouping of Employment and related organizations. As of 06/2022, Morgan Memorial Goodwill Industries Inc employed 557 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Morgan Memorial Goodwill Industries 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, Morgan Memorial Goodwill Industries Inc generated $36.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $30.1m during the year ending 06/2022. While expenses have increased by 2.0% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

INDEPENDENCE AND DIGNITY THROUGH WORK. NOT CHARITY, BUT A CHANCE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SEE SCHEDULE O: JOB TRAINING AND CAREER SERVICESGOODWILL IS A LEADING PROVIDER OF JOB TRAINING AND CAREER SERVICES IN MASSACHUSETTS. GOODWILL'S MISSION SERVICES HELP INDIVIDUALS WHO FACE BARRIERS TO SELF-SUFFICIENCY PREPARE FOR THE WORKPLACE AND CREATE MORE REWARDING AND INDEPENDENT LIVES FOR THEMSELVES AND THEIR FAMILIES. IN THE YEAR ENDING JUNE 30, 2022, GOODWILL SERVED 3,729 INDIVIDUALS THROUGH ITS MISSION SERVICES. PLACEMENT-ORIENTED JOB TRAINING PROGRAMS ENROLLED 327 INDIVIDUALS CONSIDERED HARDEST TO EMPLOY, OFFERING CASE MANAGEMENT, JOB SKILLS AND JOB READINESS TRAINING, ON-THE-JOB-TRAINING, PLACEMENT, AND POST-PLACEMENT SERVICES. GOODWILL'S SOCIAL ENTERPRISES PROVIDED WORK EXPERIENCE AND A PAYCHECK TO 153 INDIVIDUALS IN RETAIL, HOUSEKEEPING, MAINTENANCE AND FULFILLMENT. (THE RETAIL PROGRAM IS DESCRIBED IN PART III 4B.) MASSHIRE BOSTON CAREER CENTER, THE ONE-STOP CAREER CENTER GOODWILL OPERATES, ASSISTED 3,302 INDIVIDUALS WITH CAREER SERVICES AND REFERRALS TO TRAINING PROGRAMS, DOCUMENTED 329 PLACEMENTS, AND ENGAGED 70 BUSINESSES IN 105 ON-SITE AND VIRTUAL RECRUITMENT SESSIONS. IN ADDITION, GOODWILL OFFERED A RANGE OF PRE-VOCATIONAL AND OTHER DAY PROGRAMS TO 100 INDIVIDUALS WITH DEVELOPMENTAL AND OTHER DISABILITIES, INCLUDING PUBLIC HIGH SCHOOL STUDENTS WITH SPECIAL NEEDS.


SEE SCHEDULE O: RETAIL PROGRAMTHE RETAIL PROGRAM IS A SOCIAL ENTERPRISE THAT BENEFITS THE COMMUNITY BY PROVIDING JOB TRAINING FOR INDIVIDUALS WITH BARRIERS TO EMPLOYMENT; CREATING JOBS; AND MAKING QUALITY, LOW-COST GOODS AVAILABLE AT AFFORDABLE PRICES. IN THE YEAR ENDING JUNE 30, 2022, GOODWILL'S RETAIL PROGRAM OPERATED 15 STORES AND COLLECTED DONATIONS AT 16 SITES THROUGHOUT MASSACHUSETTS. THE RETAIL PROGRAM PROVIDED JOBS AND JOB TRAINING OPPORTUNITIES IN COLLECTING, SORTING, DISTRIBUTING, MERCHANDISING, AND SELLING DONATED GOODS. IT ALSO CREATED ECONOMIC VITALITY IN THE COMMUNITIES IN WHICH THE STORES ARE LOCATED. FORM 990, PART IV, LINES 12A - 12B, AND 34:MORGAN MEMORIAL GOODWILL INDUSTRIES, INC., ESTABLISHED GOODWILL HEADQUARTERS, INC., A 501(C)(3) ORGANIZATION, IN MAY 2010 AS A SUPPORTING ORGANIZATION FOR MORGAN MEMORIAL GOODWILL INDUSTRIES, INC.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Five Star Building Corp
Construction
$746,265
M&m Transportation
Transportation
$552,955
Boston Trailer
Trailer Leasing
$377,848
Greenpages Inc
It Support
$513,220
Republic Services
Trash Removal
$376,717
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$259,152
Related organizations$0
Government grants $3,097,730
All other contributions, gifts, grants, and similar amounts not included above$9,048,321
Noncash contributions included in lines 1a–1f $7,740,626
Total Revenue from Contributions, Gifts, Grants & Similar$12,405,203
Total Program Service Revenue$9,111,681
Investment income $954,667
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $8,312
Net Gain/Loss on Asset Sales $680,144
Net Income from Fundraising Events -$36,895
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $13,286,639
Miscellaneous Revenue$0
Total Revenue $36,409,751

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Morgan Memorial Goodwill Industries Inc has recieved totaling $25,922.

Awarding OrganizationAmount
Ginsburg Hilda S Tr U Ind

Dallas, TX

PURPOSE: UNRESTRICTED GENERAL

$14,487
Mildred W & Charles P Page Fund

Dallas, TX

PURPOSE: UNRESTRICTED GENERAL

$11,435
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$9,002,878
Earnings-$858,058
Other Expense$263,874
Ending Balance$7,880,946

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