Goodwill Industries Of Denver
- Assets
- $41.5m
- Revenue
- $66.8m
- Investments
- $0.0
- Employees
- 3,096
- Location
- Colorado Springs, CO
- Founding
- 01/1933
- Data as of
- 12/2018
- EIN
- 84-0405513
Organization Overview
Goodwill Industries Of Denver is located in Colorado Springs, CO. The organization was established in 1933. According to its NTEE Classification (J32) the organization is classified as: Goodwill Industries, under the broad grouping of Employment and related organizations. As of 12/2018, Goodwill Industries Of Denver employed 3,096 individuals. Goodwill Industries Of Denver 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 12/2018, Goodwill Industries Of Denver generated $66.8m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $73.2m during the year ending 12/2018. 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
2018
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE EDUCATION, CAREER DEVELOPMENT AND EMPLOYMENT OPPORTUNITIES TO HELP COLORADANS IN NEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RETAIL OPERATIONS - GOODWILL OF DENVER'S RETAIL OPERATIONS ARE DEDICATED TO HIRING PEOPLE WITH BARRIERS TO EMPLOYMENT INCLUDING THOSE WITH PHYSICAL, MENTAL, EMOTIONAL, ECONOMIC, INTELLECTUAL AND BACKGROUND CHALLENGES. IN ADDITION, DONATED ITEMS ARE SOLD OR REPURPOSED TO PROVIDE SUPPORT FOR TRAINING, EDUCATION AND OTHER LIFE CHANGING OPPORTUNITIES. FINALLY, THROUGH GOODWILL OF DENVER'S OPERATIONS, APPROXIMATELY 55.4 MILLION POUNDS OF ITEMS WERE DIVERTED FROM LANDFILLS IN 2017, SAVING BOTH THE ENVIRONMENT AND DISPOSAL COST FOR TAXPAYERS.
WORKFORCE DEVELOPMENT PROGRAMS - GOODWILL'S HIGHLY SUCCESSFUL WORKFORCE DEVELOPMENT PROGRAMS IN THE COMMUNITY HELP PEOPLE FIND THE TOOLS TO SUCCEED IN WORK AND IN LIFE. GOODWILL'S PROGRAMS FOCUS ON THE POWER OF WORK, THE IDEA THAT WORK - A JOB, A CAREER, OR THE OPPORTUNITY TO PLAN FOR A FUTURE CAREER - IS THE FORCE THAT GUIDES INDIVIDUALS IN THE RIGHT DIRECTION AND ULTIMATELY CREATES LASTING, POSITIVE CHANGE FOR SOCIETY. GOODWILL'S PROGRAMS SERVED NEARLY 24,000 PEOPLE IN THE COMMUNITY IN 2018, INCLUDING AT-RISK YOUTH, STRUGGLING ADULTS, AND INTELLECTUALLY CHALLENGED INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rick Hettlinger End 10518 Cfo/interim CEO | Officer | 40 | $236,871 |
Stuart Davie End 62918 CEO | Officer | 40 | $188,114 |
Matt Mcclellan Vice President Sc | 40 | $122,641 | |
Kristi Esbenshade Vice President Wfd | Officer | 40 | $118,087 |
Hadley Evans Jr Vice President Controller | 40 | $116,704 | |
Stan Smith Sr Dir Operational Risk | 40 | $100,259 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mercer Health & Benefits Llc Benefits Consulting | 12/30/18 | $222,069 |
Allstream Network And Communications Solutions | 12/30/18 | $221,036 |
Arizona Labor Force Dba Allied Forces Temporary Help Contractor, Workforce Con | 12/30/18 | $364,079 |
Palace Construction Coinc Construction Contractor | 12/30/18 | $327,305 |
Tasman Geoscience Inc Dba Ram Environme Environmental Consulting, Assessment And | 12/30/18 | $148,326 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $413,613 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $20,756,907 |
| Noncash contributions included in lines 1a–1f | $18,811,710 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,170,520 |
| Total Program Service Revenue | $44,276,342 |
| Investment income | $251,728 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $206,231 |
| Net Gain/Loss on Asset Sales | -$548,348 |
| Net Income from Fundraising Events | -$112,023 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $66,786,496 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $114,300 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $916,017 |
| Compensation of current officers, directors, key employees. | $916,017 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $31,773,378 |
| Pension plan accruals and contributions | $671,600 |
| Other employee benefits | $3,270,538 |
| Payroll taxes | $2,417,416 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $108,392 |
| Fees for services: Accounting | $46,214 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $73,870 |
| Fees for services: Other | $4,331,434 |
| Advertising and promotion | $471,327 |
| Office expenses | $4,154,517 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,669,309 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $265,774 |
| Interest | $185,360 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,126,762 |
| Insurance | $690,893 |
| All other expenses | $654,807 |
| Total functional expenses | $73,195,976 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,663,861 |
| Savings and temporary cash investments | $2,037,089 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $531,763 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,944,422 |
| Prepaid expenses and deferred charges | $1,409,904 |
| Net Land, buildings, and equipment | $27,620,591 |
| Investments—publicly traded securities | $5,037,444 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $269,562 |
| Total assets | $41,514,636 |
| Accounts payable and accrued expenses | $5,644,516 |
| Grants payable | $0 |
| Deferred revenue | $378,813 |
| Tax-exempt bond liabilities | $5,850,000 |
| 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 | $1,512,226 |
| Total liabilities | $13,385,555 |
| Unrestricted restricted net Assets | $28,076,543 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $52,538 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $28,129,081 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Goodwill Industries Of Denver has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Morgan Family Foundation Conifer, CO PURPOSE: DIESEL MECHANICS SCHOOL | $20,000 |
Endowment Analysis
| Beg. Balance | $9,618,785 |
| Earnings | -$358,497 |
| Net Contributions | $525,793 |
| Other Expense | $2,659,010 |
| Ending Balance | $7,127,071 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Goodwill Industries Of Denver Colorado Springs, CO | $41,514,636 | $66,786,496 |
Goodwill Industries Of Central Oklahoma Inc Oklahoma City, OK | $22,312,205 | $41,370,526 |
Goodwill Industries Of Southern Arizona Inc Tucson, AZ | $28,362,518 | $36,636,722 |
Goodwill Industries Inc Omaha, NE | $56,720,433 | $29,507,917 |
Goodwill Industries Of New Mexico Albuquerque, NM | $43,991,609 | $29,376,225 |
Goodwill Industries Of Tulsa Inc Tulsa, OK | $55,800,600 | $24,440,574 |
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 Industrial Services Corporation Colorado Springs, CO | $11,010,379 | $12,107,759 |
Goodwill Industries Of Southwest Oklahoma & North Texas Inc Lawton, OK | $9,378,467 | $6,704,041 |
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 |