Goodwill Industries Of The Valley Works
- Assets
- $39.1m
- Revenue
- $108.8m
- Investments
- $0.0
- Employees
- 1,741
- Location
- Roanoke, VA
- Founding
- 12/2009
- Data as of
- 12/2022
- EIN
- 27-0953369
Organization Overview
Goodwill Industries Of The Valley Works is located in Roanoke, VA. The organization was established in 2009. According to its NTEE Classification (P11) the organization is classified as: Single Organization Support, under the broad grouping of Human Services and related organizations. As of 12/2022, Goodwill Industries Of The Valley Works employed 1,741 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Goodwill Industries Of The Valley Works 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 12/2022, Goodwill Industries Of The Valley Works generated $108.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.5% each year . All expenses for the organization totaled $104.3m during the year ending 12/2022. While expenses have increased by 13.8% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THROUGH THE WORK OF GOODWILL, PEOPLE WILL HAVE THE OPPORTUNITY TO ACHIEVE THEIR GREATEST POTENTIAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATED GOODS - GOODWILL COLLECTS ITEMS THAT THE PUBLIC NO LONGER NEEDS AT COMMUNITY DONATION CENTERS AND SELLS THESE ITEMS IN RETAIL STORES THAT IT OPERATES. DONATED ITEMS THAT ARE SOLD IN STORES INCLUDE CLOTHING, SHOES, TOYS, HOUSEHOLD GOODS, FURNITURE, SMALL ELECTRONICS, AND VARIOUS OTHER ITEMS. THE REVENUES GENERATED FROM STORE SALES HELP TO FUND THE ORGANIZATION'S SKILLS TRAINING, JOB PLACEMENT, AND SUPPORT SERVICES TO HELP PEOPLE ACHIEVE THEIR GREATEST POTENTIAL. THIS FUNDING SUPPORTS BOTH GOODWILL INDUSTRIES OF THE VALLEY WORKS AND ITS PARENT COMPANY GOODWILL INDUSTRIES OF THE VALLEYS, INC.
BUSINESS SERVICES - GOODWILL PROVIDES OUTSOURCING SOLUTIONS TO AREA BUSINESSES IN FIELDS SUCH AS MANUFACTURING, PRODUCTION AND ASSEMBLY, AND CUSTODIAL. INDIVIDUALS WITH DISABILITIES AND OTHER BARRIERS TO EMPLOYMENT WORK ON THESE JOBS THAT TAKE PLACE AT EITHER AN AREA BUSINESS OR AT A GOODWILL FACILITY. BUSINESS SERVICES NOT ONLY PROVIDES PAID WORK OPPORTUNITIES FOR INDIVIDUALS IN GOODWILL PROGRAMS BUT ALSO PROVIDES REVENUE TO SUPPORT BOTH GOODWILL INDUSTRIES OF THE VALLEY WORKS AND ITS PARENT COMPANY GOODWILL INDUSTRIES OF THE VALLEYS, INC.
SALVAGE - IF DONATED ITEMS THAT ARE COLLECTED BY THE ORGANIZATION (SEE 4A ABOVE) CANNOT BE SOLD IN THE RETAIL STORES, GOODWILL MAKES EVERY EFFORT TO RECYCLE THESE ITEMS THROUGH THIRD-PARTY COMPANIES. THESE ITEMS ARE SOLD ON A PER POUND BASIS TO THESE COMPANIES, WHICH IN TURN RECYCLE OR REUSE THE PRODUCT. GOODWILL SALVAGE OPERATIONS PROVIDES CRITICAL REVENUES TO SUPPORT GOODWILL PROGRAMS AND BOTH GOODWILL INDUSTRIES OF THE VALLEY WORKS AND ITS PARENT COMPANY GOODWILL INDUSTRIES OF THE VALLEYS, INC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Churchill Chair | OfficerTrustee | 1 | $0 |
Aaron Boush Vice Chair | OfficerTrustee | 1 | $0 |
John Wood Secretary | OfficerTrustee | 1 | $0 |
Sam Worthington Director | Trustee | 1 | $0 |
Joseph Bradney Director | Trustee | 1 | $0 |
Curtis Burchett Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Waste Management Of Blue Ridge Garbage Services | 12/30/22 | $398,511 |
Ryder Transportation Services Transportation Services | 12/30/22 | $366,984 |
First Piedmont Garbage Services | 12/30/22 | $348,891 |
Penske Truck Leasing Co Transportation Services | 12/30/22 | $243,027 |
Loomis Armored Truck Services | 12/30/22 | $108,551 |
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 | $52,413,386 |
| Noncash contributions included in lines 1a–1f | $52,413,386 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $52,413,386 |
| Total Program Service Revenue | $56,165,973 |
| Investment income | $4 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $21,800 |
| Net Gain/Loss on Asset Sales | $77,778 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $108,774,597 |
| 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. | $301,020 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $23,231,458 |
| Pension plan accruals and contributions | $105,304 |
| Other employee benefits | $2,700,949 |
| Payroll taxes | $1,754,538 |
| Fees for services: Management | $5,721,046 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $26,792 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $63,052 |
| Advertising and promotion | $675 |
| Office expenses | $204,052 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,755,699 |
| Travel | $527,493 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $24,767 |
| Interest | $151,599 |
| Payments to affiliates | $108,598 |
| Depreciation, depletion, and amortization | $1,064,646 |
| Insurance | $375,783 |
| All other expenses | $506,648 |
| Total functional expenses | $104,300,307 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,010,241 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $886,897 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,049,502 |
| Prepaid expenses and deferred charges | $579,087 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $29,571,167 |
| Total assets | $39,096,894 |
| Accounts payable and accrued expenses | $1,897,042 |
| 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 | $18,465,421 |
| Total liabilities | $20,362,463 |
| Net assets without donor restrictions | $18,734,431 |
| 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 | $39,096,894 |