Goodwill Central Coast
- Assets
- $49.7m
- Revenue
- $43.3m
- Investments
- $2.5m
- Employees
- 920
- Location
- Salinas, CA
- Founding
- 03/1955
- Data as of
- 12/2021
- EIN
- 94-1254638
Organization Overview
Goodwill Central Coast is located in Salinas, CA. The organization was established in 1955. 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 Central Coast employed 920 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Goodwill Central Coast 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 Central Coast generated $43.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $38.9m during the year ending 12/2021. While expenses have increased by 6.4% 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
WE HELP PEOPLE WITH EMPLOYMENT NEEDS BECOME SUCCESSFUL THROUGH JOBS, TRAINING, AND SUPPORT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COST EFFECTIVE BUSINESS AND INDUSTRIAL OPERATIONS WHICH RECYCLE, PROCESS, AND SELL USED GOODS PROVIDING WORK, JOB SKILLS, JOB TRAINING, AND WORK EXPERIENCE FOR THE DISABLED, DISADVANTAGED AND ECONOMICALLY CHALLENGED; ONGOING WASTE STREAM DIVERSION WITH THE REDUCTION IN SOCIETAL "THROW AWAY" ENVIRONMENTAL IMPACTS.
SERVE DISADVANTAGED OR THOSE WITH PHYSICAL, MENTAL AND/OR ECONOMIC BARRIERS TO EMPLOYMENT THROUGH VARIOUS VOCATIONAL REHABILITATION SERVICES, INDIVIDUAL EVALUATION, CLASSROOM TRAINING, OUTREACH, WORK EXPERIENCE, JOB SEARCH AND ON-THE-JOB TRAINING WITH SUBSIDIZED EMPLOYMENT TRAINING LEADING TO EMPLOYMENT. IN 2021, SERVED 5,377 INDIVIDUALS.
PROVIDED EMERGENCY RENTAL ASSISTANCE TO INDIVIDUALS FACING INCOME LOSS DUE TO COVID. IN 2021, SERVED 214 INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Moran President & CEO | OfficerTrustee | 40 | $348,863 |
Christine Westbrook CFO | Officer | 40 | $183,993 |
Jaime Reynolds VP Hr Administration | 40 | $173,510 | |
Alan Martinson VP Retail | 40 | $159,995 | |
Thomas High VP Of Operation | 40 | $157,573 | |
Kevin Waddy Director Of It | 40 | $119,224 |
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 | $4,032,771 |
| Noncash contributions included in lines 1a–1f | $3,927,691 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,032,771 |
| Total Program Service Revenue | $39,019,345 |
| Investment income | $109,302 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $81,039 |
| Net Gain/Loss on Asset Sales | $22,816 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $43,258,150 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,626,766 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $570,602 |
| Compensation of current officers, directors, key employees. | $61,237 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,760,715 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,528,908 |
| Payroll taxes | $1,438,738 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $28,250 |
| Fees for services: Accounting | $51,742 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $386,839 |
| Advertising and promotion | $178,706 |
| Office expenses | $0 |
| Information technology | $568,235 |
| Royalties | $0 |
| Occupancy | $2,885,492 |
| Travel | $531,870 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $216,694 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,992,883 |
| Insurance | $1,296,658 |
| All other expenses | $511,772 |
| Total functional expenses | $38,889,997 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,773,883 |
| Savings and temporary cash investments | $9,260,675 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $972,958 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,209,270 |
| Prepaid expenses and deferred charges | $174,513 |
| Net Land, buildings, and equipment | $29,733,974 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,493,081 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $125,856 |
| Total assets | $49,744,210 |
| Accounts payable and accrued expenses | $1,377,454 |
| Grants payable | $0 |
| Deferred revenue | $822,181 |
| Tax-exempt bond liabilities | $14,910,009 |
| 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 | $3,000 |
| Total liabilities | $17,112,644 |
| Net assets without donor restrictions | $31,739,987 |
| Net assets with donor restrictions | $891,579 |
| 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 | $49,744,210 |
Grants Awarded
Over the last fiscal year, Goodwill Central Coast has awarded $10,902 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Monterey, CA PURPOSE: TO ADVANCE THE MISSION OF THE ORGANIZATION. | $5,451 |
Aptos, CA PURPOSE: TO ADVANCE THE MISSION OF THE ORGANIZATION. | $5,451 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Goodwill Central Coast has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Goodwill Industries International Inc Rockville, MD PURPOSE: GOOGLE-GW DIGITAL CAREER ACCEL | $10,000 |
Endowment Analysis
| Beg. Balance | $209,465 |
| Earnings | -$425 |
| Ending Balance | $209,040 |
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 |