Heartland Goodwill Enterprises
- Assets
- $13.3m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 47
- Location
- Cedar Rapids, IA
- Founding
- 08/2015
- Data as of
- 12/2022
- EIN
- 46-3331510
Organization Overview
Heartland Goodwill Enterprises is located in Cedar Rapids, IA. The organization was established in 2015. According to its NTEE Classification (P45) the organization is classified as: Family Services for Adolescent Parents, under the broad grouping of Human Services and related organizations. As of 12/2022, Heartland Goodwill Enterprises employed 47 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heartland Goodwill Enterprises 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, Heartland Goodwill Enterprises generated $4.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 46.2% each year . All expenses for the organization totaled $2.7m during the year ending 12/2022. While expenses have increased by 43.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ENCOURAGE AND ENHANCE THE DIGNITY, SELF-RESPECT AND SOCIAL AND ECONOMIC INDEPENDENCE OF INDIVIDUALS WITH SIGNIFICANT DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRODUCT REVENUE:THIS PROGRAM SUPPORTS THE MISSION BY PROVIDING EMPLOYMENT IN FOOD PACKAGING FOR INDIVIDUALS WITH SIGNIFICANT DISABILITIES.
CONTRACTS WITH BUSINESSES:THIS PROGRAM SUPPORTS THE MISSION BY PROVIDING VOCATIONAL TRAINING AND EMPLOYMENT OPPORTUNITIES FOR INDIVIDUALS WITH SIGNIFICANT DISABILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mahoney Colin Chairperson | OfficerTrustee | 0.5 | $0 |
Kilburg Desiree Treasurer | OfficerTrustee | 0.5 | $0 |
Schneider John Secretary | OfficerTrustee | 0.5 | $0 |
Banker Julie Board Member | Trustee | 0.5 | $0 |
Mainardi Jose Board Member | Trustee | 0.5 | $0 |
Airy Patricia President | Officer | 1.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jb Hunt Logistics | 12/30/22 | $617,936 |
Sourceamerica Nish Fees | 12/30/22 | $359,879 |
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 | $1,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,000 |
| Total Program Service Revenue | $1,069,528 |
| Investment income | $3,345 |
| 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 | $3,001,370 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,075,243 |
| 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 | $765,603 |
| Pension plan accruals and contributions | $28,755 |
| Other employee benefits | $39,378 |
| Payroll taxes | $72,734 |
| Fees for services: Management | $89,966 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,203 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $314,114 |
| Advertising and promotion | $86 |
| Office expenses | $129,173 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $554,598 |
| Travel | $10,099 |
| 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 | $618,108 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,656,497 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,780,590 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $99,056 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $548,865 |
| Prepaid expenses and deferred charges | $33,966 |
| Net Land, buildings, and equipment | $5,875,134 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,977,393 |
| Total assets | $13,315,004 |
| Accounts payable and accrued expenses | $418,927 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $2,378,872 |
| 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 | $662,500 |
| Other liabilities | $8,686,458 |
| Total liabilities | $12,146,757 |
| Net assets without donor restrictions | $1,164,747 |
| Net assets with donor restrictions | $3,500 |
| 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 | $13,315,004 |