Goodwill Industries Of Monocacy Valley Inc

Organization Overview

Goodwill Industries Of Monocacy Valley Inc is located in Frederick, MD. The organization was established in 1969. According to its NTEE Classification (J32) the organization is classified as: Goodwill Industries, under the broad grouping of Employment and related organizations. As of 10/2020, Goodwill Industries Of Monocacy Valley Inc employed 623 individuals. Goodwill Industries Of Monocacy 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 10/2020, Goodwill Industries Of Monocacy Valley Inc generated $13.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 38.8% each year . All expenses for the organization totaled $15.3m during the year ending 10/2020. While expenses have increased by 40.3% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

GIMV CREATES HOPE, JOBS, AND FUTURES IN THE LOCAL COMMUNITY BY PROVIDING EMPLOYMENT ASSISTANCE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

RETAIL SALES OF DONATED GOODS - THE SALE OF DONATED GOODS ACCOUNTS FOR 94% OF THE REVENUES GENERATED BY THE TWO MOST SIGNIFICANT PROGRAM SERVICES OF THE ORGANIZATION. SALE OF DONATED GOODS FUNDS THE ORGANIZATION'S MISSION BY CREATING JOBS, JOB TRAINING, AND JOB COACHING FOR THOSE WITH CHALLENGES TO EMPLOYMENT AND THE PROFITS ARE USED TO FUND PROGRAMS NOT SUPPORTED BY OTHER MEANS.


EMPLOYMENT SERVICES - EMPLOYMENT SERVICES PROGRAMS ARE DESIGNED TO PROVIDE LIFE, JOB, AND SOCIAL SKILLS TO THOSE WITH DISABILITIES AND OTHERS WITH BARRIERS TO EMPLOYMENT WHO WOULD OTHERWISE NOT BE EMPLOYABLE. PARTICIPANTS ARE ABLE TO SOCIALLY INTERACT WITH OTHER INDIVIDUALS AND ARE ABLE TO FEEL A SENSE OF ACCOMPLISHMENT FOR COMPLETING ASSIGNED TASKS. THESE PROGRAMS ARE FUNDED BY GRANTS FROM THE MARYLAND DEPARTMENT OF HEALTH AND MARYLAND DIVISION OF REHABILITATION SERVICES.


RETAIL SALES OF DONATED GOODS - THE SALE OF DONATED GOODS ACCOUNTS FOR 94% OF THE REVENUES GENERATED BY THE TWO MOST SIGNIFICANT PROGRAM SERVICES OF THE ORGANIZATION. SALE OF DONATED GOODS FUNDS THE ORGANIZATION'S MISSION BY CREATING JOBS, JOB TRAINING, AND JOB COACHING FOR THOSE WITH CHALLENGES TO EMPLOYMENT AND THE PROFITS ARE USED TO FUND PROGRAMS NOT SUPPORTED BY OTHER MEANS.


EMPLOYMENT SERVICES - EMPLOYMENT SERVICES PROGRAMS ARE DESIGNED TO PROVIDE LIFE, JOB, AND SOCIAL SKILLS TO THOSE WITH DISABILITIES AND OTHERS WITH BARRIERS TO EMPLOYMENT WHO WOULD OTHERWISE NOT BE EMPLOYABLE. PARTICIPANTS ARE ABLE TO SOCIALLY INTERACT WITH OTHER INDIVIDUALS AND ARE ABLE TO FEEL A SENSE OF ACCOMPLISHMENT FOR COMPLETING ASSIGNED TASKS. THESE PROGRAMS ARE FUNDED BY GRANTS FROM THE MARYLAND DEPARTMENT OF HEALTH AND MARYLAND DIVISION OF REHABILITATION SERVICES.


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Board, Officers & Key Employees

Name (title)Compensation
Christopher Hotaling
CFO
$162,414
Michael Meyer
CEO
$158,711
Steven Krotonsky
President
$151,511
Joe Silhavy
Board Chair
$0
Joseph Donegan
Vice Chair
$0
Katie Barkdoll
Treasurer
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $617,460
All other contributions, gifts, grants, and similar amounts not included above$61,771
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$679,231
Total Program Service Revenue$11,352,407
Investment income $9,959
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,029,029
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $13,170,888

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Goodwill Industries Of Monocacy Valley Inc has recieved totaling $21,724.

Awarding OrganizationAmount
Community Foundation Of Frederick County Maryland Incorporated

Frederick, MD

PURPOSE: CAPITAL IMPROVEMENT FUND, PROGRAMS THAT TRAIN & EDUCATION PERSONS WITH DISABILITIES, UNRESTRICTED

$9,724
Goodwill Industries International Inc

Rockville, MD

PURPOSE: GOOGLE-GDCA

$6,000
Goodwill Industries International Inc

Rockville, MD

PURPOSE: GOOGLE-GDCA

$6,000
View Grant Recipient Profile

Endowment Analysis

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