Goodwill Industries Of Southern New England Inc
- Assets
- $22.7m
- Revenue
- $23.6m
- Investments
- $0.0
- Employees
- 1,061
- Location
- North Haven, CT
- Founding
- 01/1957
- Data as of
- 12/2020
- EIN
- 23-7431264
Organization Overview
Goodwill Industries Of Southern New England Inc is located in North Haven, CT. The organization was established in 1957. According to its NTEE Classification (J32) the organization is classified as: Goodwill Industries, under the broad grouping of Employment and related organizations. As of 12/2021, Goodwill Industries Of Southern New England Inc employed 1,061 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Goodwill Industries Of Southern New England 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 12/2020, Goodwill Industries Of Southern New England Inc generated $23.6m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $25.3m during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
A PROVIDER OF EMPLOYMENT AND TRAINING, SOCIAL AND RECREATIONAL OPPORTUNITIES, JOB PLACEMENT SERVICES AND OTHER CRITICAL COMMUNITY BASED SERVICES FOR PEOPLE WITH DISABILITIES AND/OR OTHER CHALLENGES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATED GOODS AND RETAIL PROGRAM SERVICES- THE ORGANIZATION UTILIZES RETAIL STORES TO PROVIDE ON-THE-JOB TRAINING TO PEOPLE WITH DISABILITIES, PEOPLE WITH DISADVANTAGES AND OTHERS HAVING A HARD TIME ATTAINING EMPLOYMENT. THE ORGANIZATION ACCEPTS CLOTHING AND OTHER HOUSEHOLD DONATED GOODS FROM THE PUBLIC AND SELLS THESE DONATIONS IN THE COMMUNITY-BASED RETAIL STORES. REVENUE FROM THE SALES OF THESE GOODS GOES DIRECTLY TOWARD SUPPORTING AND GROWING CRITICAL COMMUNITY BASED PROGRAMS AND JOB PLACEMENT SERVICES.
PROGRAMMATIC SERVICES PRIMARILY FOCUSES ON EMPLOYMENT AND RELATED ACTIVITIES. SERVICES ARE PROVIDED FOR INDIVIDUALS OF ALL EDUCATIONAL LEVELS AND WORK EXPERIENCE. ADDITIONALLY, SERVICES ARE OFFERED THAT LEAD TO ENRICHED COMMUNITY PARTICIPATION, SOCIALIZATION AND /OR EDUCATIONAL SUCCESS. BASED ON INDIVIDUAL NEEDS, A PROGRAM MAY ALSO COMBINE BOTH AN EMPLOYMENT AND NON-EMPLOYMENT COMPONENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Herman R Borer Jr President | Officer | 40 | $271,555 |
Robert Burns COO | Officer | 40 | $175,378 |
James Murray VP Rhode Isl | Officer | 40 | $117,685 |
Marcus Notz Cio | Officer | 40 | $115,869 |
Ed Sokaitis VP Human Res | Officer | 40 | $115,122 |
Keith Lavalette Vice Preside | Officer | 40 | $100,890 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cwpm Llc Trash Removal | 12/30/21 | $447,827 |
Eagle Leasing Company Trash Removal | 12/30/21 | $172,489 |
Ryder Transportation Transportation | 12/30/21 | $172,264 |
Retail Control Systems Pos Processor | 12/30/21 | $139,270 |
Wb Mason Office & Retail | 12/30/21 | $119,556 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $49,854 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $242,842 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $292,696 |
| Total Program Service Revenue | $22,894,400 |
| Investment income | $71,268 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $133,899 |
| Net Gain/Loss on Asset Sales | $3,624 |
| Net Income from Fundraising Events | $142,542 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,560,582 |
| 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. | $440,224 |
| Compensation of current officers, directors, key employees. | $440,224 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,270,894 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,500,252 |
| Payroll taxes | $978,568 |
| Fees for services: Management | $0 |
| 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 | $0 |
| Fees for services: Other | $551,268 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,407,481 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,575 |
| Interest | $75,648 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $606,728 |
| Insurance | $0 |
| All other expenses | $1,099,339 |
| Total functional expenses | $25,349,487 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,811,553 |
| Savings and temporary cash investments | $3,581,150 |
| Pledges and grants receivable | $91,454 |
| Accounts receivable, net | $190,596 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $26,330 |
| Prepaid expenses and deferred charges | $319,022 |
| Net Land, buildings, and equipment | $9,072,695 |
| Investments—publicly traded securities | $6,314,448 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $303,403 |
| Total assets | $22,710,651 |
| Accounts payable and accrued expenses | $1,437,329 |
| Grants payable | $0 |
| Deferred revenue | $307,788 |
| 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 | $2,953,986 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,721,357 |
| Total liabilities | $8,420,460 |
| Net assets without donor restrictions | $13,610,905 |
| Net assets with donor restrictions | $679,286 |
| 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 | $22,710,651 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Goodwill Industries Of Southern New England Inc has recieved totaling $24,107.
| Awarding Organization | Amount |
|---|---|
Goodwill Industries International Inc Rockville, MD PURPOSE: GOOGLE-GW DIGITAL CAREER ACCE2, GOOGLE-GW DIGITAL CAREER ACCEL | $13,750 |
American Endowment Foundation Hudson, OH PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $232 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $125 |
Endowment Analysis
| Beg. Balance | $1,464,800 |
| Earnings | $173,024 |
| Other Expense | $18,469 |
| Ending Balance | $1,619,355 |
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 |