Goodwill Industries Of Akron Inc
- Assets
- $26.0m
- Revenue
- $27.4m
- Investments
- $0.0
- Employees
- 856
- Location
- Akron, OH
- Founding
- 02/1938
- Data as of
- 12/2023
- EIN
- 34-0252230
Organization Overview
Goodwill Industries Of Akron Inc is located in Akron, OH. The organization was established in 1938. According to its NTEE Classification (J32) the organization is classified as: Goodwill Industries, under the broad grouping of Employment and related organizations. As of 12/2023, Goodwill Industries Of Akron Inc employed 856 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Goodwill Industries Of Akron 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 Industries Of Akron Inc generated $27.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $27.0m during the year ending 12/2023. While expenses have increased by 4.7% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO HELP PEOPLE FIND AND RETAIN EMPLOYMENT BY SELLING DONATED GOODS AND PROVIDING TRAINING SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ITEMS ARE DONATED FROM GENEROUS DONORS THROUGH ITS RETAIL STORES, ATTENDED DONATION SITES, AND THROUGH ESTATE OR HOME PICKUPS. THE ITEMS ARE SOLD IN ITS 14 RETAIL STORES, BOUTIQUE, ONLINE THROUGH SHOPGOODWILL.COM, EBOOKS, OR AUTO AUCTIONS. ITEMS THAT DO NOT SELL IN RETAIL LOCATIONS ARE SOLD THROUGH AN OUTLET STORE. REMAINING UNSOLD DONATIONS ARE SOLD AS SALVAGE TO KEEP ITEMS FROM THE TRASH, AS WELL AS EARNING DOLLARS TO PROMOTE THE MISSION. A TOTAL OF 62 WORK EXPERIENCE, WORK ADJUSTMENT, AND VOCATIONAL EVALUATION CLIENTS PARTICIPATED IN TRAINING OR EMPLOYMENT EXPERIENCE IN THE RETAIL AREA IN 2023.
MISSION SERVICES INCLUDES A VAST ARRAY OF EMPLOYEE/EMPLOYER SERVICES FOR THE CAREER/JOB-SEEKER. THE GOODWILL INDUSTRIES OF AKRON, OHIO, INC. OFFERS CAREER EXPLORATION, ADVISING SERVICES, RESUME AND INTERVIEW PREPARATION, AS WELL AS SKILL IDENTIFICATION. FOR THE BUSINESS/EMPLOYER, WE OFFER RECRUITING, APPLICANT SCREENING, AND PRE-EMPLOYMENT TESTING. FOR THOSE IN NEED OF MORE INTENSIVE SERVICES, GOODWILL OFFERS THE FOLLOWING INDIVIDUALIZED SERVICES: ASSESSMENTS, ADJUSTMENTS, EVALUATIONS FOR INDIVIDUALS WITH VISUAL IMPAIRMENTS, JOB COACHING, PLACEMENT AND RETENTION, WORK EXPERIENCE, AND YOUTH PROGRAMS. WORKFORCE DEVELOPMENT ALSO HOSTS A RADIO READING PROGRAM SERVING THE VISUALLY IMPAIRED OR COGNITIVELY CHALLENGED IN THE AREA. THE ELIZABETH CLARK PROGRAM SERVES THOSE IN NEED IN OUR AREA WITH VOUCHERS TO OUR RETAIL LOCATIONS DURING 2023. WORKFORCE DEVELOPMENT REFERRED 537 PARTICIPANTS FOR PLACEMENT AND PLACED 410. IN TOTAL, IT SERVED 14,482 INDIVIDUALS. IN ADDITION TO 537 RECEIVING PLACEMENT SERVICES, 147 RECEIVED VOCATIONAL EVALUATIONS, ASSESSMENTS, AND ADJUSTMENTS; 254 PARTICIPATED IN YOUTH PROGRAMS; 65 PARTICIPATED IN WORK EXPERIENCE; 671 PARTICIPATED IN JOB SKILL CLASSES, WORKSHOPS, AND JOB FAIRS; 8,245 RECEIVED JOB SEARCH ASSISTANCE AND EMPLOYER SERVICES, INCLUDING RECRUITMENT, SCREENING, TESTING, TRAINING AND OUTPLACEMENT; 163 RECEIVED JOB COACHING SERVICES; 4,400 RECEIVED OTHER SERVICES INCLUDING BUS PASSES, ELIZABETH CLARK EMERGENCY FUND GIFT CARDS, AND RADIO READING.
CONTRACT SERVICES INCLUDES ASSEMBLY OPERATIONS AND INDUSTRIAL SEWING AND IS CERTIFIED TO ISO 9001 2015. IT IS A PARTICIPANT IN THE STATE USE PROGRAM, PROVIDING ITEMS SUCH AS SAFETY VESTS, TOWELS, WASHCLOTHS, APRONS AND LAUNDRY BAGS. ITS SEWING DEPARTMENT ALSO OFFERS CUSTOMIZED INDUSTRIAL SEWING FOR AREA BUSINESSES. ASSEMBLY OPERATIONS OFFERS LOCAL BUSINESSES WITH INDIVIDUALIZED ASSEMBLY NEEDS, SUCH AS COLLATING, DIE-CUTTING, HEAT SHRINKING, PACKAGING, KITTING, DE-MANUFACTURING, RE-WORK, SORTING, LABELING AND PROTOTYPING. 12 INDIVIDUALS IN WORK EXPERIENCE, VOCATIONAL EVALUATION, AND WORK ADJUSTMENT WERE PROVIDED TRAINING OR EMPLOYMENT EXPERIENCE IN 2023 THROUGH THE CONTRACTS DIVISION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marc Servodio CFP Chair | OfficerTrustee | 1 | $0 |
Jeana M Singleton 1st Vice Chair | OfficerTrustee | 1 | $0 |
Susan Hanlon Ph D 2nd Vice Chair | OfficerTrustee | 1 | $0 |
David Bucci Treasurer | OfficerTrustee | 1 | $0 |
Kimberly D Huff Secretary | OfficerTrustee | 1 | $0 |
Edward Clupper II Immediate Past Chair Until 4/2023 | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $70,501 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,920,209 |
| Noncash contributions included in lines 1a–1f | $5,664,962 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,990,710 |
| Total Program Service Revenue | $20,811,017 |
| Investment income | $425,989 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $170,263 |
| Net Income from Fundraising Events | $2,230 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $27,433,380 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $128,850 |
| 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. | $648,866 |
| Compensation of current officers, directors, key employees. | $337,877 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,168,438 |
| Pension plan accruals and contributions | $177,068 |
| Other employee benefits | $1,042,234 |
| Payroll taxes | $997,445 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,239 |
| Fees for services: Accounting | $43,096 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $61,196 |
| Fees for services: Other | $1,026,591 |
| Advertising and promotion | $196,943 |
| Office expenses | $1,490,323 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,203,916 |
| Travel | $148,998 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $48,559 |
| Interest | $5,035 |
| Payments to affiliates | $147,133 |
| Depreciation, depletion, and amortization | $447,036 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $26,983,826 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,646,656 |
| Savings and temporary cash investments | $2,933,064 |
| Pledges and grants receivable | $6,848 |
| Accounts receivable, net | $398,929 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,018,181 |
| Prepaid expenses and deferred charges | $262,256 |
| Net Land, buildings, and equipment | $3,850,219 |
| Investments—publicly traded securities | $11,109,641 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,772,015 |
| Total assets | $25,997,809 |
| Accounts payable and accrued expenses | $1,224,800 |
| Grants payable | $0 |
| Deferred revenue | $13,525 |
| 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 | $4,692,242 |
| Total liabilities | $5,930,567 |
| Net assets without donor restrictions | $18,882,077 |
| Net assets with donor restrictions | $1,185,165 |
| 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 | $25,997,809 |
Grants Awarded
Over the last fiscal year, Goodwill Industries Of Akron Inc has awarded $44,875 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
THE WELL COMMUNITY DEVELOPMENT CORPORATION PURPOSE: SEE PART IV - SUPPLEMENTAL INFORMATION | $14,000 |
INTERVAL BROTHERHOOD HOMES CORPORATION PURPOSE: SEE PART IV - SUPPLEMENTAL INFORMATION | $7,000 |
CATALYST LIFE SERVICES PURPOSE: SEE PART IV - SUPPLEMENTAL INFORMATION | $7,000 |
WAYFINDERS OHIO INC PURPOSE: SEE PART IV - SUPPLEMENTAL INFORMATION | $6,000 |
AKRON METROPOLITAN HOUSING AUTHORITY PURPOSE: SEE PART IV - SUPPLEMENTAL INFORMATION | $5,500 |
HERE FOR YOU FOUNDATION PURPOSE: SEE PART IV - SUPPLEMENTAL INFORMATION | $5,375 |