Goodwill Industrial Services Corporation
- Assets
- $11.0m
- Revenue
- $12.1m
- Investments
- $0.0
- Employees
- 243
- Location
- Colorado Springs, CO
- Founding
- 09/1994
- Data as of
- 12/2021
- EIN
- 84-1273701
Organization Overview
Goodwill Industrial Services Corporation is located in Colorado Springs, CO. The organization was established in 1994. 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 Industrial Services Corporation employed 243 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Goodwill Industrial Services Corporation 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 Industrial Services Corporation generated $12.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $11.8m during the year ending 12/2021. While expenses have increased by 0.9% 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 INDUSTRIAL SERVICES CORPORATION IS DEDICATED TO HELPING PEOPLE REACH THEIR HIGHEST LEVEL OF PERSONAL AND ECONOMIC INDEPENDENCE. SEE SCH. O FOR CONTINUATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021, GOODWILL INDUSTRIAL SERVICES CORPORATION, IN PARTNERSHIP WITH GOODWILL OF COLORADO (EIN#84-0513404), PROVIDED MEANINGFUL AND GAINFUL EMPLOYMENT TO OVER 285 INDIVIDUALS WITH DEVELOPMENTAL AND ECONOMIC CHALLENGES THROUGH ITS SELF-SUSTAINING BUSINESS ENTERPRISES COMPRISED OF LAUNDRY, JANITORIAL, DOCUMENT IMAGING AND FLEET MAINTENANCE SERVICES. SEE SCHEDULE O FOR CONTINUATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Wildenberg - See Sch O Gisc Treasurer | OfficerTrustee | 1 | $0 |
Karen Gordon-See Sch O Gisc Secretary | OfficerTrustee | 1 | $0 |
Gary Smith - See Sch O Gisc President | OfficerTrustee | 1 | $0 |
Karla Grazier - See Sch O Gisc Board Chair | OfficerTrustee | 1 | $0 |
Matt Gendron Member | Trustee | 1 | $0 |
Jen Wozniak Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Eldorado Cleaners Cleaners | 12/30/16 | $100,039 |
Nish Nish Commission | 12/30/16 | $347,966 |
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 | $58,388 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $58,388 |
| Total Program Service Revenue | $12,042,852 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,519 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,107,759 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,007,846 |
| Pension plan accruals and contributions | $30,668 |
| Other employee benefits | $1,469,174 |
| Payroll taxes | $684,858 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,965 |
| Fees for services: Accounting | $7,530 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $476,652 |
| Advertising and promotion | $7,283 |
| Office expenses | $1,549,536 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $368,685 |
| Travel | $9,087 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,616 |
| Interest | $1,288 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $459,147 |
| Insurance | $62,607 |
| All other expenses | $0 |
| Total functional expenses | $11,847,063 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $300 |
| Savings and temporary cash investments | $5,139,608 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,703,978 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,731 |
| Net Land, buildings, and equipment | $4,164,762 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,010,379 |
| Accounts payable and accrued expenses | $711,174 |
| 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 | $2,053,750 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,621,034 |
| Total liabilities | $6,385,958 |
| Net assets without donor restrictions | $4,624,421 |
| 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 | $11,010,379 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Goodwill Industrial Services Corporation has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Sourceamerica Vienna, VA PURPOSE: GROWTH, TECHNOLOGY, & MODERNIZATION GRANT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Goodwill Industries Of Wyoming Inc Cheyenne, WY | $15,246,168 | $4,101,581 |