Goodwill Retail Services Inc is located in Milwaukee, WI. The organization was established in 2002. According to its NTEE Classification (J32) the organization is classified as: Goodwill Industries, under the broad grouping of Employment and related organizations. As of 12/2021, Goodwill Retail Services Inc employed 7,291 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Goodwill Retail Services 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 Retail Services Inc generated $197.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $170.2m during the year ending 12/2021. While expenses have increased by 2.8% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES TRAINING, EMPLOYMENT & SUPPORTIVE SERVICES TO PEOPLE WITH DISABILITIES OR DISADVANTAGES
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOODWILL RETAIL SERVICES, INC. ("GOODWILL RETAIL") PROVIDES A SOURCE OF INCOME TO PROMOTE THE CHARITABLE MISSION OF ITS PARENT CORPORATION, GOODWILL INDUSTRIES OF SOUTHEASTERN WISCONSIN, INC., INCLUDING THAT ORGANIZATION'S NUMEROUS PROGRAMS FOR PROVIDING TRAINING, EMPLOYMENT, AND SUPPORTIVE SERVICES FOR INDIVIDUALS WITH DISABILITIES OR DISADVANTAGES. GOODWILL RETAIL OPERATED 71 STORES DURING 2021, PROVIDING EMPLOYMENT OPPORTUNITIES AND REVENUE TO FURTHER GOODWILL'S MISSION. GOODWILL RETAIL PROVIDES WORK OPPORTUNITIES FOR LOCAL RESIDENTS, MANY OF WHOM HAVE BARRIERS TO EMPLOYMENT - AT THE END OF 2021, OVER 3,400 PEOPLE WERE EMPLOYED. ALL EMPLOYEES LEARN ABOUT THE (CONTINUED ON SCHEDULE O) RETAIL SERVICES BUSINESS AND RECEIVE JOB TRAINING IN ADDITION TO TRAINING ON TOPICS SUCH AS GOODWILL'S MISSION, CUSTOMER SERVICE, AND SAFETY. GOODWILL RETAIL'S STORE AND DONATION CENTERS PROVIDE A CONVENIENT PLACE FOR PEOPLE TO DONATE PREVIOUSLY-OWNED GOODS. DURING 2021, GOODWILL RETAIL RECORDED OVER 4.0 MILLION DONOR TRANSACTIONS OF HOUSEHOLD ITEMS FROM INDIVIDUALS IN THE COMMUNITIES SERVED. THOSE DONATED ITEMS ARE PROCESSED BY GOODWILL RETAIL EMPLOYEES AND SOLD TO THE GENERAL PUBLIC AT AFFORDABLE PRICES IN GOODWILL RETAIL STORES. IN KEEPING WITH GOODWILL'S RE-USE/RECYCLE PHILOSOPHY, GOODWILL RETAIL MAKES AN EFFORT TO MAXIMIZE THE USEFULNESS OF EVERY ITEM DONATED TO GOODWILL. GOODWILL RETAIL OPERATES AN OUTLET STORE, WHICH SELLS UNSOLD ITEMS FROM STORE AND DONATION CENTERS, GIVING THEM ONE LAST CHANCE FOR THE PUBLIC TO PURCHASE. ITEMS THAT DO NOT SELL THROUGH GOODWILL RETAIL STORES ARE SOLD EITHER TO RECYCLERS OR TO FOREIGN MARKETS, THEREBY GENERATING ADDITIONAL INCOME TO SUPPORT GOODWILL'S MISSION-BASED PROGRAMS AND REDUCING THE AMOUNT OF WASTE THAT OTHERWISE WOULD BE LANDFILLED. IN 2021, GOODWILL DIVERTED MORE THAN 150 MILLION POUNDS OF MATERIAL FROM LANDFILLS. GOODWILL RETAIL ACTIVELY PARTICIPATES IN PUBLIC ASSISTANCE PROGRAMS WITH VARIOUS GOVERNMENTAL AND OTHER NOT-FOR-PROFIT ORGANIZATIONS TO DISTRIBUTE DONATED GOODS TO PERSONS IN NEED. AT EVERY GOODWILL STORE IN SOUTHEASTERN WISCONSIN AND NORTHERN ILLINOIS, PERSONS IN NEED IN THESE PROGRAMS CAN EXCHANGE VOUCHERS FOR USEFUL MERCHANDISE AT NO COST. IN 2021, GOODWILL RETAIL PARTNERED WITH LOCAL HUMAN SERVICE AGENCIES TO PROVIDE WORK OPPORTUNITIES FOR OVER 40 INDIVIDUALS WITH DISABILITIES. GOODWILL RETAIL WORKED WITH THE BOYS & GIRLS CLUBS OF MILWAUKEE AND CHICAGO TO PROVIDE INTERNSHIPS TO YOUTH SERVED BY THE CLUBS, AND JOB FAIRS ALSO LED TO THE HIRING OF SEVERAL YOUTH INTO GOODWILL RETAIL JOBS. GOODWILL RETAIL DEMONSTRATES ITS COMMITMENT TO TRAINING AND SUPPORT FOR EMPLOYEE DEVELOPMENT BY PROVIDING FORKLIFT TRAINING TO EMPLOYEES AND A CAREER PATH PROGRAM. THE CAREER PATH PROGRAM HAS A DEFINED AND FOCUSED CAREER DEVELOPMENT TRACK THAT OFFERS EMPLOYEES THE CHANCE TO LEARN, GROW, AND ADVANCE AS RETAIL LEADERS.GOODWILL RETAIL ALSO PROVIDES WORKFORCE DEVELOPMENT AND TRAINING OPPORTUNITIES AS WELL AS SUPPORTIVE SERVICES TO ITS EMPLOYEES TO HELP THEM NAVIGATE BARRIERS TO THEIR SUCCESS AND CONNECT THEM WITH AVAILABLE COMMUNITY RESOURCES. THE GOODWILL WAY GUIDE PROGRAM IS AN ELEMENT OF RETAIL SERVICE'S EMPLOYEE EXPERIENCE SUPPORT NETWORK. IT PROVIDES EMPLOYEES WITH ACCESS TO AND HELP NAVIGATING RESOURCES FOR A VARIETY OF NEEDS INCLUDING TRANSPORTATION, HOUSING, FOOD, FINANCES, MENTAL HEALTH, AND MORE.FORM 990, PART V, LINE 2ANUMBER OF EMPLOYEES ON FORM W-3THE NUMBER OF EMPLOYEES ON FORM W-3 IS THE TOTAL EMPLOYEE COUNT FOR THE FILING ORGANIZATION. WHILE GOODWILL IS THE COMMON PAYMASTER FOR GOODWILL RETAIL, THE NUMBER OF EMPLOYEES ONLY INCLUDES THE EMPLOYEE COUNT FOR GOODWILL RETAIL.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Scott Dexter SVP - Thru 5/21; Cro - As Of 6/21 | Officer | 40 | $252,725 |
Dan Michael Vice President | 40 | $180,478 | |
Shawn Mccourt Vice President | 40 | $178,924 | |
Steven Loos Chief Retail Officer - Thru 5/21 | Officer | 17 | $127,162 |
Vince Giacinto Director | 40 | $126,230 | |
Julie Deming Director | 40 | $123,083 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Ott Development Inc Construction Services | 12/30/21 | $2,784,614 |
One Stop Mailing Shipping Services | 12/30/21 | $904,960 |
Federal Express Corp Shipping Services | 12/30/21 | $648,539 |
Martin Peterson Co Inc Mechanical Service | 12/30/21 | $471,102 |
Universal Recycling Technologies Llc Recycling Services | 12/30/21 | $331,237 |
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 | $145,707,800 |
Noncash contributions included in lines 1a–1f | $144,328,275 |
Total Revenue from Contributions, Gifts, Grants & Similar | $145,707,800 |
Total Program Service Revenue | $0 |
Investment income | $47,069 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$25,518 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $48,961,583 |
Miscellaneous Revenue | $0 |
Total Revenue | $197,886,415 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $5,764,543 |
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. | $439,053 |
Compensation of current officers, directors, key employees. | $439,053 |
Compensation to disqualified persons | $6,945 |
Other salaries and wages | $71,821,799 |
Pension plan accruals and contributions | $2,431,328 |
Other employee benefits | $7,957,125 |
Payroll taxes | $5,533,823 |
Fees for services: Management | $0 |
Fees for services: Legal | $85,977 |
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 | $8,854,665 |
Advertising and promotion | $1,499 |
Office expenses | $6,051,722 |
Information technology | $420,242 |
Royalties | $0 |
Occupancy | $29,677,166 |
Travel | $1,870,417 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $64,651 |
Interest | $30,412 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $9,569,729 |
Insurance | $708,492 |
All other expenses | $0 |
Total functional expenses | $170,152,764 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $28,026,259 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $784,815 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $10,904,269 |
Prepaid expenses and deferred charges | $1,446,193 |
Net Land, buildings, and equipment | $35,153,132 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $73,772,552 |
Total assets | $150,087,220 |
Accounts payable and accrued expenses | $12,920,057 |
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 | $81,715,678 |
Total liabilities | $94,635,735 |
Net assets without donor restrictions | $55,451,485 |
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 | $150,087,220 |
Over the last fiscal year, we have identified 1 grants that Goodwill Retail Services Inc has recieved totaling $8,568.
Awarding Organization | Amount |
---|---|
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $8,568 |
Organization Name | Assets | Revenue |
---|---|---|
Goodwill Retail Services Inc Milwaukee, WI | $150,087,220 | $197,886,415 |
Goodwill Industries Of Southeastern Wisconsin Inc Milwaukee, WI | $193,592,595 | $82,804,954 |
Goodwill Industries Inc St Paul, MN | $94,899,402 | $59,559,829 |
Goodwill Industries Of South Central Wisconsin Inc Madison, WI | $15,409,154 | $44,230,660 |
Goodwill Industries Of Greater Grand Rapids Inc Grandville, MI | $30,878,541 | $44,038,234 |
Goodwill Of The Great Plains Sioux City, IA | $33,353,824 | $45,336,222 |
Goodwill Industries Of Northern Il & Wi Stateline Area Inc Rockford, IL | $24,956,445 | $38,276,880 |
Goodwill Industries Of The Heartland Cedar Rapids, IA | $40,819,529 | $39,875,591 |
Land Of Lincoln Goodwill Industries Inc Springfield, IL | $10,839,126 | $29,605,192 |
Goodwill Industries Of Mid-Michigan Inc Flint, MI | $9,350,796 | $30,637,361 |
Goodwill Industries Of Greater Detroit Detroit, MI | $30,814,793 | $27,244,512 |
Goodwill Industries Of West Michigan Inc Muskegon, MI | $34,346,585 | $24,966,806 |