Goodwill Industries Inc
- Assets
- $56.7m
- Revenue
- $29.5m
- Investments
- $0.0
- Employees
- 1,204
- Location
- Omaha, NE
- Founding
- 08/1939
- Data as of
- 12/2021
- EIN
- 47-0378996
Organization Overview
Goodwill Industries Inc is located in Omaha, NE. The organization was established in 1939. 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, Goodwill Industries Inc employed 1,204 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 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 12/2021, Goodwill Industries Inc generated $29.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $23.6m during the year ending 12/2021. 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 CHANGES LIVES AND STRENGTHENS COMMUNITIES THROUGH EDUCATION, TRAINING AND WORK. GOODWILL STRIVES TO INCREASE SELF SUFFICIENCY OF ITS PARTICIPANTS THROUGH VOCATIONAL EDUCATION, TRAINING AND OFFERING EMPLOYMENT OPPORTUNITIES TO DISABLED OR DISADVANTAGED INDIVIDUALS, WHO CANNOT READILY BE ABSORBED IN THE COMPETITIVE LABOR MARKET. GOODWILL STRIVES TO ASSIST SUCH INDIVIDUALS TO ATTAIN THE FULLEST DEVELOPMENT OF WHICH THEY ARE CAPABLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOODWILL OPERATES 17 RETAIL STORES OPEN TO THE PUBLIC IN OMAHA (10), FREMONT (1), BLAIR (1), GRETNA (1), BELLEVUE (1), PAPILLION (2), AND COUNCIL BLUFFS, IA (1). THE GENERAL PUBLIC DONATES CLOTHING, FURNITURE AND HOUSEHOLD GOODS TO GOODWILL. GOODWILL EMPLOYEES SORT, PRICE AND DISTRIBUTE MERCHANDISE FOR SALE IN THE RETAIL STORES. MERCHANDISE THAT DOES NOT SELL WITHIN A REASONABLE TIME IN THE STORES IS TRANSFERRED TO THE GOODWILL WAREHOUSE STORE WHERE IT IS OFFERED FOR SALE AT A SPECIFIED PRICE PER POUND. GOODS DETERMINED NOT TO BE SALEABLE IN THE GOODWILL STORES ARE "SALVAGED AND SOLD TO THIRD PARTIES, WHO EITHER SHIP AND SELL THE GOODS TO THIRD PARTIES OR RECYCLE THEM FOR THEIR TEXTILE, METAL OR OTHER RECYCLABLE MATERIALS. GOODWILL PROFITS GENERATED FROM THE SALE OF DONATED GOODS HELP COVER EXPENSES ASSOCIATED WITH GOODWILL'S MISSION PROGRAMS THAT SERVE THE COMMUNITY.
WORKFORCE DEVELOPMENT PROGRAM SERVICES - GOODWILL PROVIDES EDUCATIONAL AND CAREER SERVICES, JOB PLACEMENT AND POST-EMPLOYMENT SUPPORT TO INDIVIDUALS WITH DISABILITIES AND OTHER CHALLENGES TO EMPLOYMENT SO THEY CAN FIND AND KEEP JOBS. INDIVIDUALS RECEIVE TRAINING AND EDUCATION, WORK EXPERIENCE, EMPLOYMENT PLACEMENT AND FOLLOW-UP SERVICES THROUGH THESE PROGRAMS. GOODWILL PROGRAMS STRENGTHEN OUR COMMUNITY BY FORMING A PATHWAY TOWARDS SUCCESS FOR THOSE WHO HAVE NOT BEEN ABLE TO FIND OR MAINTAIN EMPLOYMENT ON THEIR OWN.
CONTRACTS/INDUSTRIAL SERVICES PROGRAMS - GOODWILL PROVIDES JOB TRAINING AND EMPLOYMENT OPPORTUNITIES FOR PEOPLE WITH DISABILITIES AND OTHER CHALLENGES TO EMPLOYMENT THROUGH CONTRACT WORK FOR BUSINESSES, FEDERAL, STATE AND LOCAL GOVERNMENT, AND OTHER COMMUNITY PARTNERS. THESE CONTRACTS OFFER A VARIETY OF WORK EXPERIENCE AND TRAINING IN CUSTODIAL SERVICES, GROUNDS, MANUFACTURING, PACKAGING, ASSEMBLY, RECYCLING, MAILING SERVICES AND OTHER ADMINISTRATIVE AREAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tobi Mathouser President And CEO | Officer | 40 | $179,868 |
Janelle Ellis Senior Vice President Of Retail | Officer | 40 | $128,538 |
Elaine Leibert Senior Vice President | Officer | 40 | $125,220 |
Greg Russell Director Of Finance | Officer | 40 | $73,383 |
Bob Bertsch Jr Treasurer | OfficerTrustee | 0.5 | $0 |
James H Rich Chair | OfficerTrustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Outlook Properties Llc Landlord | 12/30/20 | $589,064 |
C2 Building Company Llc Construction | 12/30/20 | $941,426 |
First Management Inc Landlord | 12/30/20 | $290,897 |
Western Trailer Leasing Inc Trailer Leasing | 12/30/20 | $416,233 |
Oneneck It Solutions Llc It Maintenance | 12/30/20 | $234,400 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $145,122 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $18,132,658 |
| Noncash contributions included in lines 1a–1f | $16,800,801 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,277,780 |
| Total Program Service Revenue | $791,440 |
| Investment income | $115,266 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$77,876 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $10,098,772 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $29,507,917 |
| 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. | $551,094 |
| Compensation of current officers, directors, key employees. | $285,912 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,419,452 |
| Pension plan accruals and contributions | $461,444 |
| Other employee benefits | $1,106,504 |
| Payroll taxes | $984,959 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $85,005 |
| Fees for services: Accounting | $56,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $325,684 |
| Advertising and promotion | $174,925 |
| Office expenses | $1,284,153 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,269,187 |
| Travel | $38,293 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $557,348 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,567,088 |
| Insurance | $445,419 |
| All other expenses | $0 |
| Total functional expenses | $23,625,405 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,719,867 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $25,000 |
| Accounts receivable, net | $433,629 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,516,730 |
| Prepaid expenses and deferred charges | $273,841 |
| Net Land, buildings, and equipment | $38,772,184 |
| Investments—publicly traded securities | $5,888,925 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $90,257 |
| Total assets | $56,720,433 |
| Accounts payable and accrued expenses | $1,560,983 |
| Grants payable | $0 |
| Deferred revenue | $50,298 |
| Tax-exempt bond liabilities | $232,476 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $18,740,492 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $95,408 |
| Total liabilities | $20,679,657 |
| Net assets without donor restrictions | $35,947,907 |
| Net assets with donor restrictions | $92,869 |
| 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 | $56,720,433 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Goodwill Industries Inc has recieved totaling $110,111.
| Awarding Organization | Amount |
|---|---|
United Way Of The Midlands Omaha, NE PURPOSE: CIRT Allocations | $36,000 |
United Way Of The Midlands Omaha, NE PURPOSE: Karnett Payout | $35,000 |
Mutual Of Omaha Foundation Omaha, NE PURPOSE: GENERAL SUPPORT | $25,000 |
Sourceamerica Vienna, VA PURPOSE: ERS, NPA TRAINING VOUCHER, TRAINING, COMPLIANCE, & CERTIFICATION GRANTS | $14,093 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $18 |
Endowment Analysis
| Beg. Balance | $442,988 |
| Earnings | $103,469 |
| Ending Balance | $546,457 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Goodwill Of The Great Plains Sioux City, IA | $33,353,824 | $45,336,222 |
Goodwill Industries Of The Heartland Cedar Rapids, IA | $40,819,529 | $39,875,591 |
Goodwill Industries Inc Omaha, NE | $56,720,433 | $29,507,917 |
Goodwill Of Western Missouri And Eastern Kansas Kansas City, MO | $10,740,171 | $18,183,269 |
Goodwill Industries Of Kansas Inc Wichita, KS | $47,629,686 | $26,875,778 |
Goodwill Industries Of Greater Nebraska Inc Grand Island, NE | $23,720,104 | $21,067,980 |
Goodwill Industries Of Northeast Iowa Inc Waterloo, IA | $16,595,417 | $20,700,717 |
Goodwill Industries Of Central Iowa Johnston, IA | $31,035,628 | $20,648,374 |
Goodwill Industrial Services Corporation Colorado Springs, CO | $11,010,379 | $12,107,759 |
Mid-America Agri-Industries Voluntary Employees Beneficiary Sioux City, IA | $359,001 | $11,751,713 |
Goodwill Industries Serving Southeast Nebraska Inc Lincoln, NE | $14,030,431 | $7,770,260 |
Goodwill Specialty Services Inc Omaha, NE | $1,290,694 | $4,488,922 |