Goodwill Industries Of The Pioneer Valley Inc
- Assets
- $1.6m
- Revenue
- $6.5m
- Investments
- $0.0
- Employees
- 327
- Location
- Springfield, MA
- Founding
- 07/1942
- Data as of
- 06/2019
- EIN
- 04-2131758
Organization Overview
Goodwill Industries Of The Pioneer Valley Inc is located in Springfield, MA. 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 06/2019, Goodwill Industries Of The Pioneer Valley Inc employed 327 individuals. Goodwill Industries Of The Pioneer Valley 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 06/2019, Goodwill Industries Of The Pioneer Valley Inc generated $6.5m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $6.8m during the year ending 06/2019. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 4 years. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF GOODWILL INDUSTRIES OF THE PIONEER VALLEY (GOODWILL) IS TO HELP INDIVIDUALS WITH BARRIERS TO SELF-SUFFICIENCY TO ACHIEVE INDEPENDENCE AND DIGNITY THROUGH WORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOODWILL PROVIDES JOB TRAINING AND EMPLOYMENT SERVICES IN WESTERN MASSACHUSETTS, PARTICULARLY THE PIONEER VALLEY. GOODWILL'S MISSION SERVICES HELPED INDIVIDUALS WHO FACED BARRIERS TO SELF-SUFFICIENCY PREPARE FOR THE WORKPLACE AND CREATE MORE REWARDING AND INDEPENDENT LIVES. IN THE YEAR ENDING JUNE 30, 2019, GOODWILL'S PROGRAMS SERVED 197 INDIVIDUALS. PLACEMENT ORIENTED JOB TRAINING PROGRAMS ENROLLED 71 INDIVIDUALS CONSIDERED HARDEST TO EMPLOY AND HELPED 54 FIND JOBS. IN ADDITION, GOODWILL OFFERED EMPLOYMENT SERVICES AND DAY PROGRAMS TO 102 INDIVIDUALS WITH DEVELOPMENTAL AND OTHER DISABILITIES AND ADULT FOSTER CARE SERVICES TO 24.
THE 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 SO THAT INDIVIDUALS, PARTICULARLY THOSE OF LIMITED MEANS, GET THE ITEMS THEY NEED AT AFFORDABLE PRICES. IN THE YEAR ENDED JUNE 30, 2019, GOODWILL'S RETAIL PROGRAM OPERATED 7 GOODWILL STORES THROUGHOUT THE PIONEER VALLEY. THE RETAIL PROGRAM PROVIDED JOBS AND JOB TRAINING OPPORTUNITIES IN SORTING, PREPARING AND DISTRIBUTING DONATED CLOTHING, AND HOUSEHOLD GOODS. THE RETAIL PROGRAM PROVIDED WORK EXPERIENCE AND A PAYCHECK FOR 93 INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Andrew Director | Trustee | 1 | $0 |
Karen Coppola Director | Trustee | 1 | $0 |
John Doucette Director | Trustee | 1 | $0 |
Paul Francisco Director | Trustee | 1 | $0 |
Robert P Gittens ESQ Director | Trustee | 1 | $0 |
Maria Harris Director | Trustee | 1 | $0 |
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 | $40,233 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $40,233 |
| Total Program Service Revenue | $6,335,863 |
| Investment income | $70,725 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $47,497 |
| 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 | $6,508,731 |
| 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 | $3,161,713 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $248,035 |
| Payroll taxes | $328,972 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,226 |
| Fees for services: Accounting | $88,275 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $488,619 |
| Advertising and promotion | $0 |
| Office expenses | $8,943 |
| Information technology | $294 |
| Royalties | $0 |
| Occupancy | $1,766,707 |
| Travel | $143,464 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,717 |
| Interest | $83,164 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $117,579 |
| Insurance | $50,809 |
| All other expenses | $44,820 |
| Total functional expenses | $6,778,213 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $97,138 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $343,712 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $65,057 |
| Prepaid expenses and deferred charges | $16,031 |
| Net Land, buildings, and equipment | $71,520 |
| Investments—publicly traded securities | $29,503 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $946,269 |
| Total assets | $1,569,230 |
| Accounts payable and accrued expenses | $320,115 |
| Grants payable | $0 |
| Deferred revenue | $2,750 |
| 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 | $621,618 |
| Total liabilities | $944,483 |
| Unrestricted restricted net Assets | -$305,890 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $930,637 |
| 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 | $624,747 |