Goodwill Industries Of Ri
- Assets
- $2.2m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 35
- Location
- Providence, RI
- Founding
- 09/1943
- Data as of
- 06/2018
- EIN
- 05-0258845
Organization Overview
Goodwill Industries Of Ri is located in Providence, RI. The organization was established in 1943. According to its NTEE Classification (J30) the organization is classified as: Vocational Rehabilitation, under the broad grouping of Employment and related organizations. As of 06/2018, Goodwill Industries Of RI employed 35 individuals. Goodwill Industries Of RI 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 06/2018, Goodwill Industries Of RI generated $1.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (11.8%) each year. All expenses for the organization totaled $1.7m during the year ending 06/2018. As we would expect to see with falling revenues, expenses have declined by (10.3%) 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
2018
Describe the Organization's Mission:
Part 3 - Line 1
TRAINING & EMPLOYMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
EVALUATION, EMPLOYMENT TRAINING, COMPUTER LITERACY AND SOFT-SKILLS TRAINING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey D Machado President/ceo | Officer | 45 | $76,222 |
Cara Sangermano Secretary | Officer | 2.5 | $0 |
William Feeney Asst Treasurer | Officer | 2.5 | $0 |
Patrick Meacham Chair | Officer | 2.5 | $0 |
Avery Seaman Jr Treasurer | Officer | 2.5 | $0 |
Steven Tamburro Vice Chair | Officer | 2.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $247,901 |
| Investment income | $7,336 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $27,822 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,508,257 |
| Statement of Expenses | |
|---|---|
| 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. | $76,222 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $869,718 |
| Pension plan accruals and contributions | $10,983 |
| Other employee benefits | $73,230 |
| Payroll taxes | $83,061 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,439 |
| Office expenses | $24,966 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $794 |
| Interest | $25,609 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $134,211 |
| Insurance | $26,163 |
| All other expenses | $0 |
| Total functional expenses | $1,697,017 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,243 |
| Savings and temporary cash investments | $77,658 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $233,524 |
| 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 | $8,868 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,604 |
| Total assets | $2,159,642 |
| Accounts payable and accrued expenses | $63,151 |
| 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 | $681,411 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $74,827 |
| Total liabilities | $819,389 |
| Net assets without donor restrictions | $1,188,553 |
| Net assets with donor restrictions | $145,700 |
| Capital stock or trust principal, or current funds | $6,000 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $1,340,253 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Goodwill Industries Of Ri has recieved totaling $800.
| Awarding Organization | Amount |
|---|---|
Harborone Foundation Of Rhode Island Brockton, MA PURPOSE: HOMELESS/FOOD BANK | $800 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Marc Inc Of Manchester Manchester, CT | $8,800,021 | $14,465,697 |
Triangle Inc Malden, MA | $7,569,693 | $11,643,804 |
Sarah Inc Westbrook, CT | $8,388,396 | $12,212,686 |
Marrakech Incorporated Woodbridge, CT | $17,188,402 | $8,533,229 |
Project Genesis Incorporated Willimantic, CT | $9,969,984 | $6,952,463 |
Opportunity Works Inc Newburyport, MA | $12,187,041 | $8,191,091 |
Association For Community Organization And Resource Developm Wallingford, CT | $3,231,105 | $6,526,122 |
The Nemasket Group Inc Mattapoisett, MA | $3,135,669 | $3,771,945 |
New England Business Associates Inc Springfield, MA | $2,493,745 | $3,356,864 |
Buckingham Community Services Inc East Lyme, CT | $1,694,444 | $2,514,698 |
Employment Options Inc Marlborough, MA | $2,470,938 | $1,835,037 |
Goodwill Industries Of Ri Providence, RI | $2,159,642 | $1,508,257 |