Goodwill Foundation Of Central And Southern Indiana Inc
- Assets
- $71.6m
- Revenue
- $9.2m
- Investments
- $9.5m
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 02/1972
- Data as of
- 12/2023
- EIN
- 23-7148440
Organization Overview
Goodwill Foundation Of Central And Southern Indiana Inc is located in Indianapolis, IN. The organization was established in 1972. According to its NTEE Classification (J32) the organization is classified as: Goodwill Industries, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Goodwill Foundation Of Central And Southern Indiana 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 12/2023, Goodwill Foundation Of Central And Southern Indiana Inc generated $9.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $8.1m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Goodwill Foundation Of Central And Southern Indiana Inc has awarded 15 individual grants totaling $23,179,251. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S PURPOSE IS TO SOLICIT FINANCIAL SUPPORT FROM THE GENERAL PUBLIC AND TO DISBURSE SUCH FUNDS TO SUPPORT GOODWILL OF CENTRAL AND SOUTHERN INDIANA, INC. (GOODWILL) AND GOODWILL EDUCATION INITIATIVES, INC. (GEI), TO HELP ESTABLISH NEW PROGRAMS OR SERVICES FOR DISABLED AND DISADVANTAGED INDIVIDUALS IN CENTRAL AND SOUTHERN INDIANA, FURTHER GOODWILL'S EDUCATIONAL EFFORTS, PROVIDE COLLEGE SCHOLARSHIPS TO QUALIFYING GRADUATES OF GEI'S CHARTER SCHOOLS AND ATTRACT PROMISING COLLEGE STUDENTS TO CAREERS IN HUMAN SERVICES BY PROVIDING SCHOLARSHIPS AND INTERNSHIPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOODWILL OF CENTRAL AND SOUTHERN INDIANA, INC. ("GCSI") AND ITS SUBSIDIARIES, GW COMMERCIAL SERVICES, INC. ("GWCS") AND GOODWILL EDUCATION INITIATIVES, INC. ("GEI"), TOGETHER WITH GOODWILL FOUNDATION OF CENTRAL AND SOUTHERN INDIANA, INC. (THE FOUNDATION) (COLLECTIVELY REFERRED TO AS "GOODWILL") ARE INDIANA NON-PROFIT ORGANIZATIONS THAT OFFER EMPLOYMENT, EDUCATION AND RELATED SERVICES TO DISADVANTAGED ADULTS AND YOUNG PEOPLE THROUGHOUT CENTRAL AND SOUTHERN INDIANA. GOODWILL DEFINES DISADVANTAGED INDIVIDUALS AS THOSE WITH A BARRIER TO EMPLOYMENT SUCH AS A DISABILITY, A CRIMINAL HISTORY, AND/OR A LOW EDUCATION LEVEL (LESS THAN A HIGH SCHOOL DIPLOMA).-CONTINUED ON SCHEDULE O-
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Glaser Chair | OfficerTrustee | 1 | $0 |
Lily Smith Vice-Chair | OfficerTrustee | 1 | $0 |
Andrew Morris Director | OfficerTrustee | 1 | $0 |
Sonia Chen Arnold Director | Trustee | 1 | $0 |
Chris Bean Director | Trustee | 1 | $0 |
Craig Caldwell Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $36,252 |
| Related organizations | $718,589 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,687,918 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,442,759 |
| Total Program Service Revenue | $0 |
| Investment income | $1,602,616 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,978,832 |
| Net Income from Fundraising Events | $147,063 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,171,270 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,811,987 |
| 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 | $372,318 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $33,602 |
| Payroll taxes | $0 |
| Fees for services: Management | $192,865 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $108,888 |
| Fees for services: Other | $10,873 |
| Advertising and promotion | $37,455 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $51,577 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $936 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $11,696 |
| Total functional expenses | $8,055,693 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,748,452 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,266,209 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $54,940,883 |
| Investments—other securities | $9,506,570 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,101,000 |
| Total assets | $71,563,114 |
| Accounts payable and accrued expenses | $185 |
| Grants payable | $5,000 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,057,003 |
| Total liabilities | $3,062,188 |
| Net assets without donor restrictions | $49,024,892 |
| Net assets with donor restrictions | $19,476,034 |
| 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 | $71,563,114 |
Grants Awarded
Over the last fiscal year, Goodwill Foundation Of Central And Southern Indiana Inc has awarded $6,811,987 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
GOODWILL EDUCATION INITIATIVES INC PURPOSE: SUPPORT ORGANIZATION'S PRIMARY EXEMPT PURPOSE | $245,798 |
GOODWILL OF CENTRAL AND SOUTHERN INDIANA INC PURPOSE: SUPPORT ORGANIZATION'S PRIMARY EXEMPT PURPOSE | $6,566,189 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Goodwill Industries Of Central Illinois Peoria, IL | $25,220,483 | $19,436,387 |
Evansville Goodwill Industries Inc Evansville, IN | $37,536,027 | $18,580,541 |
Goodwill Industries Of Northeast Indiana Inc Fort Wayne, IN | $11,212,464 | $12,881,189 |
Goodwill Foundation Of Central And Southern Indiana Inc Indianapolis, IN | $71,563,114 | $9,171,270 |
Wabash Valley Goodwill Industries Terre Haute, IN | $13,110,809 | $7,602,917 |
Gw Commercial Services Inc Indianapolis, IN | $18,503,408 | $7,103,181 |
Helping Hand Of Goodwill Industries Extended Employment Sheltered Work Kansas City, MO | $3,982,981 | $5,488,046 |
Quality Industries Of The Lake Of The Ozarks Versailles, MO | $429,220 | $788,764 |
Ettrick Industries Inc Ettrick, WI | $877,927 | $591,197 |
Northern Kentucky Presbyterian Housing Coporation Covington, KY | $730,059 | $242,280 |
Goodwill Industries Development Corporation Menasha, WI | $2,238,654 | $186,804 |
Evansville Goodwill Industries Foundation Inc Evansville, IN | $2,436,717 | $49,580 |