Goodwill Works Of The Chesapeake Inc
- Assets
- $1.2m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 912
- Location
- Baltimore, MD
- Founding
- 10/2007
- Data as of
- 12/2021
- EIN
- 26-0635788
Organization Overview
Goodwill Works Of The Chesapeake Inc is located in Baltimore, MD. The organization was established in 2007. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Goodwill Works Of The Chesapeake Inc employed 912 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Goodwill Works Of The Chesapeake 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 Works Of The Chesapeake Inc generated $1.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.6%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.6%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
A SUPPORTING ORGANIZATION FOR THE BENEFIT AND SUPPORT OF GOODWILL INDUSTRIES OF THE CHESAPEAKE, INC., A MARYLAND CORPORATION WHICH IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE CODE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOODWILL WORKS OF THE CHESAPEAKE, INC. IS A SUPPORTING ORGANIZATION OF GOODWILL INDUSTRIES OF THE CHESAPEAKE, INC. REVENUE GENERATED FROM OUR VARIOUS BUSINESS FUNCTIONS IS USED TO SUPPORT OUR MISSION AND COVER THE COSTS OF OPERATING THE BUSINESSES. 351 INDIVIDUALS WITH PHYSICAL, MENTAL, OR OTHER SOCIAL BARRIERS TO EMPLOYMENT RECEIVED SERVICES THROUGH CAREER DEVELOPMENT IN 2021, INCLUDING 116 PEOPLE PLACED INTO TEMPORARY AND TRAINING POSITIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe Durham Chair | OfficerTrustee | 0.5 | $0 |
Olivia Farrow Vice Chair | OfficerTrustee | 0.5 | $0 |
David Downey Immediate Past Chair | OfficerTrustee | 0.5 | $0 |
Kim Clark Secretary | OfficerTrustee | 0.5 | $0 |
Jeff Jacobson Treasurer | OfficerTrustee | 0.5 | $0 |
Lisa Rusyniak President/ceo | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,594,900 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,594,900 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,231,213 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $136,317 |
| Payroll taxes | $133,068 |
| 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 | $51,818 |
| Advertising and promotion | $0 |
| Office expenses | $27,637 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,662 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $12,219 |
| All other expenses | $0 |
| Total functional expenses | $1,594,900 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $563,151 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $619,595 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,182,746 |
| Accounts payable and accrued expenses | $819,783 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $362,963 |
| Total liabilities | $1,182,746 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $1,182,746 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Goodwill Works Of The Chesapeake Inc has recieved totaling $10,100.
| Awarding Organization | Amount |
|---|---|
Aber D Unger Foundation Inc Baltimore, MD PURPOSE: FOR USE IN ACCORDANCE WITH THE ESTABLISHED PURPOSE OF THE RECIPIENT ORGANIZATION | $5,000 |
Aber D Unger Foundation Inc Baltimore, MD PURPOSE: FOR USE IN ACCORDANCE WITH THE ESTABLISHED PURPOSE OF THE RECIPIENT ORGANIZATION | $5,000 |
Morton & Sophia Macht Foundation Inc Baltimore, MD PURPOSE: CHARITABLE | $100 |
Endowment Analysis
| Beg. Balance | $13,866,684 |
| Earnings | $2,014,730 |
| Net Contributions | $751,735 |
| Other Expense | $800,578 |
| Ending Balance | $15,832,571 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Naval Institute Foundation Incorporated Annapolis, MD | $16,478,320 | $8,459,950 |
Baltimore City Foundation Inc Baltimore, MD | $20,625,141 | $25,532,138 |
The Harry Halloran Jr Charitable Trust Philadelphia, PA | $26,412,399 | $8,412,088 |
The Richman Family Foundation Inc Baltimore, MD | $21,774,672 | $824,650 |
Venture Philanthropy Partners Inc Washington, DC | $4,166,381 | $6,325,429 |
Rodel Charitable Foundation De Wilmington, DE | $15,413,230 | $5,493,740 |
Dbs Foundation Holdings Harrisburg, PA | $361,345 | $2,360,629 |
Commonwealth Foundation V Richmond, VA | $38,532,929 | $6,620,642 |
Commonwealth Foundation Iv Richmond, VA | $38,533,029 | $6,621,693 |
Helena Devereux Foundation Villanova, PA | $208,303,000 | $15,868,103 |
R E B Foundation Richmond, VA | $74,287,615 | $7,129,947 |
Ncf Supporting Organization Wilmington, DE | $1,802,740 | $4,444,698 |