Wabash Valley Goodwill Industries
- Assets
- $13.1m
- Revenue
- $7.6m
- Investments
- $0.0
- Employees
- 444
- Location
- Terre Haute, IN
- Founding
- 09/1942
- Data as of
- 12/2023
- EIN
- 35-0896910
Organization Overview
Wabash Valley Goodwill Industries is located in Terre Haute, IN. The organization was established in 1942. 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, Wabash Valley Goodwill Industries employed 444 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wabash Valley Goodwill Industries 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, Wabash Valley Goodwill Industries generated $7.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $7.3m during the year ending 12/2023. While expenses have increased by 5.4% per year over the past 8 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
GOODWILL INDUSTRIES IS A NONPROFIT PROVIDER OF EMPLOYMENT AND OTHER CRITICAL COMMUNITY BASED SERVICES FOR PEOPLE WHO HAVE A DISABILITY, PEOPLE WHO LACK EDUCATION OR JOB EXPERIENCE, HOUSEHOLDS FACING ECONOMIC CHALLENGES, AND OTHERS IN NEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATED GOODS AND RETAIL PROGRAM SERVICES: GOODWILL UTILIZES ITS DONATED GOODS PROGRAM AND RETAIL STORES TO PROVIDE EMPLOYMENT AND ON-THE-JOB TRAINING TO PEOPLE WITH DISABILITIES, PEOPLE WITH DISADVANTAGES AND OTHERS HAVING A DIFFICULT TIME FINDING A EMPLOYMENT. GOODWILL ACCEPTS CLOTHING AND OTHER HOUSEHOLD DONATED GOODS FROM THE PUBLIC AND SELLS THESE DONATIONS IN GOODWILL COMMUNITY-BASED RETAIL STORES. REVENUE FROM THE SALE OF THESE GOODS GOES DIRECTLY TOWARD SUPPORTING AND GROWING CRITICAL COMMUNITY-BASED EMPLOYMENT PROGRAMS.
AFTER-MARKET COMMODITY SALES PROGRAM: GOODWILL CREATES EMPLOYMENT AND JOB-TRAINING OPPORTUNITIES FOR PEOPLE WHO HAVE DISABILITIES OR OTHER CHALLENGES TO EMPLOYMENT BY AFTER-MARKET COMMODITY SALES. THIS OPERATION OFFERS OPPORTUNITIES IN A VARIETY OF WORK EXPERIENCE AND TRAINING ENVIRONMENTS. 2,591,601 POUNDS OF COMMODITIES USED IN THIS OPERATION.
E SCRAP PROGRAM: E SCRAP PROGRAM IS A PROGRAM IN PARTNERSHIP WITH DELL COMPUTERS TO RECYCLE COMPUTER EQUIPMENT. 28,296 LBS OF E SCRAP WERE RECYCLED IN 2023. 92 INDIVIDUALS UTILIZED SELF GUIDED COMPUTER LAB.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Aubin Director | Trustee | 1 | $0 |
David Friedrich Treasurer | Trustee | 1 | $0 |
Mary Halsted Director | Trustee | 1 | $0 |
Dr Jan Harmening Director | Trustee | 1 | $0 |
John Lukens Director | Trustee | 1 | $0 |
Josh Zuerner Director | Trustee | 1 | $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 | $4,863,088 |
| Noncash contributions included in lines 1a–1f | $4,800,324 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,863,088 |
| Total Program Service Revenue | $441,918 |
| Investment income | $136,244 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$85,650 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,247,317 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,602,917 |
| 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. | $185,449 |
| Compensation of current officers, directors, key employees. | $185,449 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,484,677 |
| Pension plan accruals and contributions | $135,466 |
| Other employee benefits | $318,827 |
| Payroll taxes | $362,284 |
| 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 | $146,046 |
| Advertising and promotion | $32,724 |
| Office expenses | $137,930 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $634,647 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $23,575 |
| Interest | $0 |
| Payments to affiliates | $78,247 |
| Depreciation, depletion, and amortization | $160,712 |
| Insurance | $122,989 |
| All other expenses | $10,096 |
| Total functional expenses | $7,342,184 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,606,763 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $73,104 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $918,218 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,246,342 |
| Investments—publicly traded securities | $4,837,604 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,428,778 |
| Total assets | $13,110,809 |
| Accounts payable and accrued expenses | $87,072 |
| 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 | $2,629,008 |
| Total liabilities | $2,716,080 |
| Net assets without donor restrictions | $10,394,729 |
| 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 | $13,110,809 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Goodwill Industries Of Central Illinois Peoria, IL | $25,220,483 | $19,436,387 |
Evansville Goodwill Industries Inc Evansville, IN | $37,536,027 | $18,580,541 |
Goodwill Industries Of Northeast Indiana Inc Fort Wayne, IN | $11,212,464 | $12,881,189 |
Goodwill Foundation Of Central And Southern Indiana Inc Indianapolis, IN | $71,563,114 | $9,171,270 |
Wabash Valley Goodwill Industries Terre Haute, IN | $13,110,809 | $7,602,917 |
Gw Commercial Services Inc Indianapolis, IN | $18,503,408 | $7,103,181 |
Helping Hand Of Goodwill Industries Extended Employment Sheltered Work Kansas City, MO | $3,982,981 | $5,488,046 |
Quality Industries Of The Lake Of The Ozarks Versailles, MO | $429,220 | $788,764 |
Ettrick Industries Inc Ettrick, WI | $877,927 | $591,197 |
Northern Kentucky Presbyterian Housing Coporation Covington, KY | $730,059 | $242,280 |
Goodwill Industries Development Corporation Menasha, WI | $2,238,654 | $186,804 |
Evansville Goodwill Industries Foundation Inc Evansville, IN | $2,436,717 | $49,580 |