Goodwill Of Silicon Valley
- Assets
- $59.1m
- Revenue
- $57.9m
- Investments
- $0.0
- Employees
- 1,328
- Location
- San Jose, CA
- Founding
- 08/1942
- Data as of
- 12/2021
- EIN
- 94-1212132
Organization Overview
Goodwill Of Silicon Valley is located in San Jose, CA. 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, Goodwill Of Silicon Valley employed 1,328 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Goodwill Of Silicon Valley 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 Of Silicon Valley generated $57.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $46.5m 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
ASSIST PEOPLE IN OVERCOMING BARRIERS IN EMPLOYMENT BY PROVIDING TRAINING AND PLACEMENT SUPPORT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RETAIL PROGRAMS: COST EFFECTIVE SOCIAL ENTERPRISE FOR COLLECTION, PROCESSING AND SALES OF USED GOODS, PROVIDING PAID WORK EXPERIENCE AND JOB SKILLS TRAINING FOR PEOPLE WITH CHALLENGING AND SEVERE BARRIERS TO EMPLOYMENT. THIS COST EFFECTIVE BUSINESS PROVIDES OPPORTUNITIES FOR PEOPLE DISCONNECTED FROM THE WORKFORCE AND, BECAUSE OF THE NATURE OF THE BUSINESS IT PROMOTES GOODWILL OF SILICON VALLEY GREEN INITIATIVE DIVERTING 35 MILLION LBS OF TRASH FROM OUR LANDFILLS ANNUALLY.
MISSION SERVICES: ADULT PROGRAMS - SERVING INDIVIDUALS WITH BARRIERS TO EMPLOYMENT THROUGH PROGRAMS THAT PROVIDE CASE MANAGEMENT, JOB COACHING, PEER MENTORING, PAID WORK EXPERIENCE, EMPLOYABILITY WORKSHOPS, VOCATIONAL TRAINING AND JOB SEARCH AND PLACEMENT SERVICES. THIS SAME POPULATION IS PROVIDED WITH SUPPORT SERVICES THAT INCLUDE FINANCIAL ASSISTANCE FOR HOUSING, TRANSPORTATION, FOOD AND PSYCHOLOGY AND PSYCHIATRY SERVICES. YOUTH PROGRAMS: ON-CAMPUS AT 8 HIGH SCHOOLS, GOODWILL SERVES STUDENTS THAT ARE AT-RISK OF NOT COMPLETING HIGH SCHOOL AND/OR RECEIVING THEIR DIPLOMA. THE PROGRAMS PROVIDE A SAFE ENVIRONMENT, ACADEMIC LEARNING, CREDIT RECOVERY, ENRICHMENT ACTIVITIES AND A HOT MEAL. TOTAL PEOPLE RECEIVING SERVICES FROM GOODWILL IN 2021 WAS 14,000. CONSISTENT WITH 2020 BECAUSE OF THE IMPACT OF COVID.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Fox President & CEO | Officer | 40 | $491,500 |
Christopher Baker CFO | Officer | 40 | $272,000 |
Donald Aguilar VP Of Human Resources | Officer | 40 | $176,601 |
Trish Dorsey VP Of Mission Services | Officer | 40 | $171,458 |
Stephen Borasi VP Of Retail/e-Commerce | Officer | 40 | $169,744 |
Michael Mancini Strategic VP | 40 | $110,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,780,578 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,676,202 |
| Noncash contributions included in lines 1a–1f | $14,323,663 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,456,780 |
| Total Program Service Revenue | $1,710,576 |
| Investment income | $327,092 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $291,117 |
| Net Gain/Loss on Asset Sales | $447,386 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $32,535,282 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $57,891,115 |
| 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. | $1,399,192 |
| Compensation of current officers, directors, key employees. | $739,067 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $21,828,106 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,596,772 |
| Payroll taxes | $1,609,249 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $470,418 |
| Fees for services: Accounting | $133,143 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $79,518 |
| Fees for services: Other | $2,191,202 |
| Advertising and promotion | $207,694 |
| Office expenses | $856,302 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,701,163 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $215,316 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,936,586 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $46,457,071 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,745,640 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,773,707 |
| Accounts receivable, net | $1,265,013 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,576,074 |
| Prepaid expenses and deferred charges | $857,243 |
| Net Land, buildings, and equipment | $17,124,135 |
| Investments—publicly traded securities | $17,554,208 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $154,804 |
| Total assets | $59,050,824 |
| Accounts payable and accrued expenses | $3,020,361 |
| Grants payable | $0 |
| Deferred revenue | $698,765 |
| 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 | $6,473,854 |
| Total liabilities | $10,192,980 |
| Net assets without donor restrictions | $48,857,844 |
| 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 | $59,050,824 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Goodwill Of Silicon Valley has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
Altman-Aronow Charitable Foundation San Jose, CA PURPOSE: SUPPORT ORGANIZATIONS THAT PROMOTE JEWISH EDUCATIONAL AND CULTURAL ACTIVITIES. | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Goodwill Industries Of Orange County Ca Santa Ana, CA | $112,211,549 | $111,995,801 |
Goodwill Industries Of Sacramento Valley & Northern Nevada Inc Sacramento, CA | $109,492,045 | $106,828,718 |
Goodwill Industries Of San Francisco San Mateo & Marin Cntys San Francisco, CA | $87,719,869 | $66,467,884 |
Goodwill Industries Of San Diego County San Diego, CA | $108,678,109 | $70,308,881 |
Goodwill Of Silicon Valley San Jose, CA | $59,050,824 | $57,891,115 |
Goodwill Central Coast Salinas, CA | $49,744,210 | $43,258,150 |
Goodwill Industries Of Southern Nevada Inc Las Vegas, NV | $44,186,106 | $51,055,469 |
Goodwill Industries Of Lane County Eugene, OR | $50,336,739 | $41,041,917 |
Goodwill Industries Of Southern Arizona Inc Tucson, AZ | $28,362,518 | $36,636,722 |
Goodwill Industries Of The Greater East Bay Inc Oakland, CA | $0 | $29,287,916 |
Goodwill Industries Of Hawaii Inc Honolulu, HI | $62,468,068 | $29,052,009 |
Goodwill Serving The People Of Southern Los Angeles County Long Beach, CA | $27,949,432 | $32,286,244 |