Goodwill Industries Of Southern New England Inc
- Assets
- $27.3m
- Revenue
- $37.3m
- Investments
- $0.0
- Employees
- 1,103
- Location
- North Haven, CT
- Founding
- 01/1957
- Data as of
- 12/2021
- 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 12/2022, Goodwill Industries Of Southern New England Inc employed 1,103 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 12/2021, Goodwill Industries Of Southern New England Inc generated $37.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $29.4m during the year ending 12/2021. While expenses have increased by 4.1% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
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 | $326,299 |
Robert Burns COO | Officer | 40 | $195,751 |
Marcus Notz Cio | Officer | 40 | $130,081 |
Ed Sokaitis VP Human Res | Officer | 40 | $129,306 |
James Murray VP Rhode Isl | Officer | 40 | $125,888 |
Roger Hess Chairman | OfficerTrustee | 1 | $0 |
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 | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $623,093 |
| Investment income | $109,514 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $99,767 |
| Net Gain/Loss on Asset Sales | $129,367 |
| Net Income from Fundraising Events | $61,139 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $37,266,468 |
| 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. | $896,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,939,568 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,055,543 |
| Payroll taxes | $1,208,795 |
| 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 | $540,103 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,014,546 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,232 |
| Interest | $103,850 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $617,632 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $29,379,874 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,326,355 |
| Savings and temporary cash investments | $3,585,506 |
| Pledges and grants receivable | $146,166 |
| Accounts receivable, net | $193,173 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $44,193 |
| Prepaid expenses and deferred charges | $260,880 |
| Investments—publicly traded securities | $6,545,685 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $329,819 |
| Total assets | $27,252,454 |
| Accounts payable and accrued expenses | $1,551,512 |
| Grants payable | $0 |
| Deferred revenue | $381,131 |
| 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 | $2,492,295 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $585,936 |
| Total liabilities | $5,010,874 |
| Net assets without donor restrictions | $21,562,294 |
| 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 |
| Total liabilities and net assets/fund balances | $22,241,580 |