Morgan Memorial Goodwill Industries Inc
- Assets
- $44.9m
- Revenue
- $36.4m
- Investments
- $0.0
- Employees
- 557
- Location
- Boston, MA
- Founding
- 03/1928
- Data as of
- 06/2022
- EIN
- 04-2106765
Organization Overview
Morgan Memorial Goodwill Industries Inc is located in Boston, MA. The organization was established in 1928. According to its NTEE Classification (J32) the organization is classified as: Goodwill Industries, under the broad grouping of Employment and related organizations. As of 06/2022, Morgan Memorial Goodwill Industries Inc employed 557 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Morgan Memorial Goodwill Industries 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 06/2022, Morgan Memorial Goodwill Industries Inc generated $36.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $30.1m during the year ending 06/2022. While expenses have increased by 2.0% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
INDEPENDENCE AND DIGNITY THROUGH WORK. NOT CHARITY, BUT A CHANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O: JOB TRAINING AND CAREER SERVICESGOODWILL IS A LEADING PROVIDER OF JOB TRAINING AND CAREER SERVICES IN MASSACHUSETTS. GOODWILL'S MISSION SERVICES HELP INDIVIDUALS WHO FACE BARRIERS TO SELF-SUFFICIENCY PREPARE FOR THE WORKPLACE AND CREATE MORE REWARDING AND INDEPENDENT LIVES FOR THEMSELVES AND THEIR FAMILIES. IN THE YEAR ENDING JUNE 30, 2022, GOODWILL SERVED 3,729 INDIVIDUALS THROUGH ITS MISSION SERVICES. PLACEMENT-ORIENTED JOB TRAINING PROGRAMS ENROLLED 327 INDIVIDUALS CONSIDERED HARDEST TO EMPLOY, OFFERING CASE MANAGEMENT, JOB SKILLS AND JOB READINESS TRAINING, ON-THE-JOB-TRAINING, PLACEMENT, AND POST-PLACEMENT SERVICES. GOODWILL'S SOCIAL ENTERPRISES PROVIDED WORK EXPERIENCE AND A PAYCHECK TO 153 INDIVIDUALS IN RETAIL, HOUSEKEEPING, MAINTENANCE AND FULFILLMENT. (THE RETAIL PROGRAM IS DESCRIBED IN PART III 4B.) MASSHIRE BOSTON CAREER CENTER, THE ONE-STOP CAREER CENTER GOODWILL OPERATES, ASSISTED 3,302 INDIVIDUALS WITH CAREER SERVICES AND REFERRALS TO TRAINING PROGRAMS, DOCUMENTED 329 PLACEMENTS, AND ENGAGED 70 BUSINESSES IN 105 ON-SITE AND VIRTUAL RECRUITMENT SESSIONS. IN ADDITION, GOODWILL OFFERED A RANGE OF PRE-VOCATIONAL AND OTHER DAY PROGRAMS TO 100 INDIVIDUALS WITH DEVELOPMENTAL AND OTHER DISABILITIES, INCLUDING PUBLIC HIGH SCHOOL STUDENTS WITH SPECIAL NEEDS.
SEE SCHEDULE O: RETAIL PROGRAMTHE RETAIL PROGRAM IS A SOCIAL ENTERPRISE THAT BENEFITS THE COMMUNITY BY PROVIDING JOB TRAINING FOR INDIVIDUALS WITH BARRIERS TO EMPLOYMENT; CREATING JOBS; AND MAKING QUALITY, LOW-COST GOODS AVAILABLE AT AFFORDABLE PRICES. IN THE YEAR ENDING JUNE 30, 2022, GOODWILL'S RETAIL PROGRAM OPERATED 15 STORES AND COLLECTED DONATIONS AT 16 SITES THROUGHOUT MASSACHUSETTS. THE RETAIL PROGRAM PROVIDED JOBS AND JOB TRAINING OPPORTUNITIES IN COLLECTING, SORTING, DISTRIBUTING, MERCHANDISING, AND SELLING DONATED GOODS. IT ALSO CREATED ECONOMIC VITALITY IN THE COMMUNITIES IN WHICH THE STORES ARE LOCATED. FORM 990, PART IV, LINES 12A - 12B, AND 34:MORGAN MEMORIAL GOODWILL INDUSTRIES, INC., ESTABLISHED GOODWILL HEADQUARTERS, INC., A 501(C)(3) ORGANIZATION, IN MAY 2010 AS A SUPPORTING ORGANIZATION FOR MORGAN MEMORIAL GOODWILL INDUSTRIES, INC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joanne K Hilferty President & CEO | OfficerTrustee | 39.75 | $609,532 |
Alexander Macneil VP Of Operations | Officer | 40 | $261,481 |
Laurel Ford VP Of Finance & CFO | Officer | 40 | $205,586 |
Heather Kenney VP Hr & Administration | Officer | 40 | $204,313 |
Robert Stackpole Director Of It | 40 | $129,115 | |
Adam Dossas Director Of Donations & Outreach | 40 | $123,598 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Five Star Building Corp Construction | 6/29/22 | $746,265 |
M&m Transportation Transportation | 6/29/22 | $552,955 |
Boston Trailer Trailer Leasing | 6/29/22 | $377,848 |
Greenpages Inc It Support | 6/29/22 | $513,220 |
Republic Services Trash Removal | 6/29/22 | $376,717 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $259,152 |
| Related organizations | $0 |
| Government grants | $3,097,730 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,048,321 |
| Noncash contributions included in lines 1a–1f | $7,740,626 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,405,203 |
| Total Program Service Revenue | $9,111,681 |
| Investment income | $954,667 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $8,312 |
| Net Gain/Loss on Asset Sales | $680,144 |
| Net Income from Fundraising Events | -$36,895 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $13,286,639 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $36,409,751 |
| 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. | $1,190,503 |
| Compensation of current officers, directors, key employees. | $903,856 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,141,444 |
| Pension plan accruals and contributions | $105,983 |
| Other employee benefits | $1,533,008 |
| Payroll taxes | $1,052,871 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $42,501 |
| Fees for services: Accounting | $80,494 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $55,200 |
| Fees for services: Investment Management | $115,857 |
| Fees for services: Other | $1,067,415 |
| Advertising and promotion | $54,054 |
| Office expenses | $25,636 |
| Information technology | $405,042 |
| Royalties | $0 |
| Occupancy | $6,492,273 |
| Travel | $1,183,878 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $33,567 |
| Interest | $214,473 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,034,749 |
| Insurance | $454,559 |
| All other expenses | $29,532 |
| Total functional expenses | $30,067,243 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,903,917 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $25,000 |
| Accounts receivable, net | $1,059,460 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $695,102 |
| Prepaid expenses and deferred charges | $457,550 |
| Net Land, buildings, and equipment | $5,909,729 |
| Investments—publicly traded securities | $22,343,497 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,535,380 |
| Total assets | $44,929,635 |
| Accounts payable and accrued expenses | $2,120,251 |
| Grants payable | $0 |
| Deferred revenue | $53,185 |
| 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 | $4,213,678 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,191,768 |
| Total liabilities | $7,578,882 |
| Net assets without donor restrictions | $18,753,463 |
| Net assets with donor restrictions | $18,597,290 |
| 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 | $44,929,635 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Morgan Memorial Goodwill Industries Inc has recieved totaling $25,922.
| Awarding Organization | Amount |
|---|---|
Ginsburg Hilda S Tr U Ind Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $14,487 |
Mildred W & Charles P Page Fund Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $11,435 |
Endowment Analysis
| Beg. Balance | $9,002,878 |
| Earnings | -$858,058 |
| Other Expense | $263,874 |
| Ending Balance | $7,880,946 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Goodwill Industries Of Greater New York And Northern New Jersey Inc Brooklyn, NY | $83,028,309 | $96,117,748 |
Goodwill Of Western And Northern Connecticut Inc Bridgeport, CT | $56,222,071 | $52,522,634 |
Morgan Memorial Goodwill Industries Inc Boston, MA | $44,929,635 | $36,409,751 |
Goodwill Industries Of Southern New England Inc North Haven, CT | $22,710,651 | $23,560,582 |
Bronx Community Health Network Inc Bronx, NY | $3,991,099 | $14,090,159 |
Goodwill Industries Of The Pioneer Valley Inc Springfield, MA | $1,569,230 | $6,508,731 |
Goodwill Industries Of The Berkshires And Southern Vermont In Pittsfield, MA | $1,961,231 | $5,923,372 |
C D L Foundation Inc Lawrence, NY | $9,728,036 | $6,948,040 |
Fund For Life Foundation Inc Brooklyn, NY | $41,149,257 | $1,026,606 |
Perry & Donna Golkin Family Foundation New York, NY | $20,120,951 | $2,418,133 |
Liberty Bank Foundation Middletown, CT | $32,713,234 | $3,808,061 |
Beagary Charitable Tr Brooklyn, CT | $18,615,982 | $789,641 |