Wabash Valley Goodwill Industries
- Assets
- $10.6m
- Revenue
- $7.3m
- Investments
- $180.8k
- Employees
- 476
- Location
- Terre Haute, IN
- Founding
- 09/1942
- Data as of
- 12/2021
- EIN
- 35-0896910
Organization Overview
Wabash Valley Goodwill Industries is located in Terre Haute, IN. The organization was established in 1942. According to its NTEE Classification (J32) the organization is classified as: Goodwill Industries, under the broad grouping of Employment and related organizations. As of 12/2021, Wabash Valley Goodwill Industries employed 476 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wabash Valley Goodwill Industries 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 12/2021, Wabash Valley Goodwill Industries generated $7.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $5.6m during the year ending 12/2021. While expenses have increased by 2.1% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
GOODWILL INDUSTRIES IS A NONPROFIT PROVIDER OF EMPLOYMENT AND OTHER CRITICAL COMMUNITY BASED SERVICES FOR PEOPLE WHO HAVE A DISABILITY, PEOPLE WHO LACK EDUCATION OR JOB EXPERIENCE, HOUSEHOLDS FACING ECONOMIC CHALLENGES, AND OTHERS IN NEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATED GOODS AND RETAIL PROGRAM SERVICES: GOODWILL UTILIZES ITS DONATED GOODS PROGRAM AND RETAIL STORES TO PROVIDE EMPLOYMENT AND ON-THE-JOB TRAINING TO PEOPLE WITH DISABILITIES, PEOPLE WITH DISADVANTAGES AND OTHERS HAVING A DIFFICULT TIME FINDING A EMPLOYMENT. GOODWILL ACCEPTS CLOTHING AND OTHER HOUSEHOLD DONATED GOODS FROM THE PUBLIC AND SELLS THESE DONATIONS IN GOODWILL COMMUNITY-BASED RETAIL STORES. REVENUE FROM THE SALE OF THESE GOODS GOES DIRECTLY TOWARD SUPPORTING AND GROWING CRITICAL COMMUNITY-BASED EMPLOYMENT PROGRAMS.
RECYCLING SERVICES PROGRAM: GOODWILL CREATES EMPLOYMENT AND JOB-TRAINING OPPORTUNITIES FOR PEOPLE WHO HAVE DISABILITIES OR OTHER CHALLENGES TO EMPLOYMENT BY RECYCLING. RECYCLING OPERATION OFFERS OPPORTUNITIES IN A VARIETY OF WORK EXPERIENCE AND TRAINING ENVIRONMENTS; SUCH AS DOCUMENT DESTRUCTION, RECYCLING, SORTING, OPERATION OF EQUIPMENT AND MATERIAL HANDLING. OVER 1,751,343 POUNDS OF MATERIAL WAS KEPT OUT OF THE LANDFILL.
E SCRAP PROGRAM: E SCRAP PROGRAM IS A PROGRAM IN PARTNERSHIP WITH DELL COMPUTERS TO RECYCLE COMPUTER EQUIPMENT. 42,311 LBS OF E SCRAP WERE RECYCLED IN 2021. 92 INDIVIDUALS UTILIZED SELF GUIDED COMPUTER LAB.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Meredith Osburn President And CEO | Officer | 40 | $99,898 |
Santhana Naidu Chairman | Officer | 1 | $0 |
Gary Schomer Secretary/treasurer | Officer | 1 | $0 |
Rene Hankins Vice Chair | Officer | 1 | $0 |
Bill Aubin Director | Trustee | 1 | $0 |
John Lukens Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,356,954 |
| Noncash contributions included in lines 1a–1f | $4,341,597 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,356,954 |
| Total Program Service Revenue | $469,391 |
| Investment income | $150,188 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $171,974 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,113,178 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,261,685 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $20,999 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $176,964 |
| Compensation of current officers, directors, key employees. | $176,964 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,110,384 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $316,999 |
| Payroll taxes | $254,122 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $28,615 |
| Advertising and promotion | $8,686 |
| Office expenses | $147,238 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $584,388 |
| Travel | $16,340 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $57,294 |
| Depreciation, depletion, and amortization | $138,760 |
| Insurance | $123,793 |
| All other expenses | $6 |
| Total functional expenses | $5,580,105 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,613,306 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $62,739 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $967,229 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,899,669 |
| Investments—publicly traded securities | $4,744,973 |
| Investments—other securities | $180,811 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $133,271 |
| Total assets | $10,601,998 |
| Accounts payable and accrued expenses | $47,865 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $202,329 |
| Total liabilities | $250,194 |
| Net assets without donor restrictions | $10,351,804 |
| Net assets with donor restrictions | $0 |
| 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 | $10,601,998 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Wabash Valley Goodwill Industries has recieved totaling $511.
| Awarding Organization | Amount |
|---|---|
Gregory L Gibson Charitable Foundation Inc Terre Haute, IN PURPOSE: GENERAL SUPPORT | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $11 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Goodwill Industries Of Central Illinois Peoria, IL | $21,177,815 | $16,906,634 |
Evansville Goodwill Industries Inc Evansville, IN | $30,356,613 | $14,917,581 |
Goodwill Industries Of Northeast Indiana Inc Fort Wayne, IN | $6,760,051 | $12,648,160 |
Wabash Valley Goodwill Industries Terre Haute, IN | $10,601,998 | $7,261,685 |
Gw Commercial Services Inc Indianapolis, IN | $16,600,629 | $6,461,821 |
Goodwill Foundation Of Central And Southern Indiana Inc Indianapolis, IN | $74,792,516 | $27,825,910 |
Helping Hand Of Goodwill Industries Extended Employment Sheltered Work Kansas City, MO | $1,058,680 | $4,932,561 |
Quality Industries Of The Lake Of The Ozarks Versailles, MO | $584,050 | $893,803 |
Ettrick Industries Inc Ettrick, WI | $752,874 | $611,823 |
Northern Kentucky Presbyterian Housing Coporation Covington, KY | $850,114 | $216,079 |
Evansville Goodwill Industries Foundation Inc Evansville, IN | $2,446,049 | $139,490 |
Goodwill Industries Development Corporation Menasha, WI | $1,978,453 | $186,804 |