Goodwill Industries Of South Florida Inc
- Assets
- $77.3m
- Revenue
- $143.9m
- Investments
- $0.0
- Employees
- 3,698
- Location
- Miami, FL
- Founding
- 02/1963
- Data as of
- 12/2021
- EIN
- 59-0866126
Organization Overview
Goodwill Industries Of South Florida Inc is located in Miami, FL. The organization was established in 1963. 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 Of South Florida Inc employed 3,698 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Goodwill Industries Of South Florida 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 Of South Florida Inc generated $143.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $142.9m 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATED GOODS OPERATIONS (SEE SCHEDULE O)
APPAREL MANUFACTURING (SEE SCHEDULE O)
LAUNDRY SERVICES (SEE SCHEDULE O)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Landsberg President And CEO | OfficerTrustee | 40 | $484,102 |
Carlos Hernandez Chief Operating Officer | Officer | 40 | $273,702 |
Beatriz Anazco Chief Financial Officer | Officer | 40 | $219,076 |
Lourdes DE La Mata-Little VP Marketing & Development | Officer | 40 | $198,434 |
Brett Bartschi VP Retail | Officer | 40 | $194,659 |
Harry Ramsarran VP Service Contracts | Officer | 40 | $190,668 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nk Enterprises Laundry Distribution | 12/30/21 | $937,468 |
Elite Laundry Service Of Florida I Payroll Service | 12/30/21 | $792,163 |
Puerto Rico Indus For The Blind Co Apparelsubcontractor | 12/30/21 | $635,160 |
Adp Inc Payroll Services | 12/30/21 | $632,377 |
Sourceamerica Consulting Services | 12/30/21 | $1,570,945 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $387,533 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,241,156 |
| All other contributions, gifts, grants, and similar amounts not included above | $67,653,126 |
| Noncash contributions included in lines 1a–1f | $67,653,126 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $69,281,815 |
| Total Program Service Revenue | $39,342,191 |
| Investment income | $327,108 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $34,887,764 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $143,919,448 |
| 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. | $2,056,243 |
| Compensation of current officers, directors, key employees. | $1,463,404 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $62,717,461 |
| Pension plan accruals and contributions | $672,186 |
| Other employee benefits | $2,791,904 |
| Payroll taxes | $7,235,894 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $427,845 |
| 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 | $8,869,484 |
| Advertising and promotion | $217,772 |
| Office expenses | $0 |
| Information technology | $1,176,767 |
| Royalties | $0 |
| Occupancy | $20,400,142 |
| Travel | $220,005 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $71,920 |
| Interest | $329,305 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,541,054 |
| Insurance | $0 |
| All other expenses | $872,742 |
| Total functional expenses | $142,865,515 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,121,809 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,256,444 |
| Loans from Officers, Directors, or Controlling Persons | $550,000 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $13,421,764 |
| Prepaid expenses and deferred charges | $432,381 |
| Net Land, buildings, and equipment | $35,859,441 |
| Investments—publicly traded securities | $5,246,577 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,393,344 |
| Total assets | $77,281,760 |
| Accounts payable and accrued expenses | $17,049,592 |
| Grants payable | $0 |
| Deferred revenue | $4,784,205 |
| 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 | $22,764,722 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $44,598,519 |
| Net assets without donor restrictions | $32,683,241 |
| 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 | $77,281,760 |
Grants Recieved
Over the last fiscal year, we have identified 25 grants that Goodwill Industries Of South Florida Inc has recieved totaling $758,394.
| Awarding Organization | Amount |
|---|---|
United Way Miami Inc Miami, FL PURPOSE: GENERAL FUNDS | $389,662 |
Greiner Weiser Family Foundation Inc Miami, FL PURPOSE: TRAINING, EMPLOYMENT AND JOB PLACEMENT OF PEOPLE WITH DISABILITIES AND OTHER BARRIERS TO WORK, TRANSITIONING INDIVIDUALS, TO INDEPENDENCE AND PRODUCTIVITY. | $100,000 |
The Miami Foundation Inc Miami, FL PURPOSE: PROGRAM SUPPORT | $77,647 |
Leonard L & Bertha U Abess Foundation Inc Miami, FL PURPOSE: CHARITABLE CONTRIBUTION | $50,000 |
Community Foundation Of Broward Inc Fort Lauderdale, FL PURPOSE: HUMAN SERVICE | $34,238 |
Samuel E And Mary W Thatcher Foundation Inc Miami, FL PURPOSE: GENERAL SUPPORT | $25,000 |
Endowment Analysis
| Beg. Balance | $260,000 |
| Ending Balance | $260,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Goodwill Of North Georgia Inc Decatur, GA | $342,203,328 | $178,188,878 |
Goodwill Industries Of South Florida Inc Miami, FL | $77,281,760 | $143,919,448 |
Goodwill Industries Manasota Inc Bradenton, FL | $57,505,873 | $74,670,264 |
Goodwill Industries Of Central Florida Inc Orlando, FL | $168,287,890 | $91,960,618 |
Goodwill Industries-Suncoast Inc St Petersburg, FL | $116,871,815 | $65,725,440 |
Gulfstream Goodwill Industries Inc West Palm Beach, FL | $26,735,282 | $55,365,171 |
Goodwill Industries Of Middle Georgia Inc Macon, GA | $45,866,636 | $50,420,104 |
Goodwill Industries Of Southwest Florida Inc Fort Myers, FL | $48,228,495 | $45,391,127 |
Goodwill Industries Of North Florida Inc Jacksonville, FL | $49,481,295 | $51,198,441 |
Goodwill Industries Big Bend Inc Tallahassee, FL | $43,991,972 | $37,636,431 |
Goodwill Industries Of The Southern Rivers Inc Columbus, GA | $35,574,289 | $32,786,540 |
Goodwill Of The Coastal Empire Inc Savannah, GA | $24,855,946 | $31,151,976 |