Goodwill Excel Center Midsouth Inc
- Assets
- $7.8m
- Revenue
- $4.7m
- Investments
- $0.0
- Employees
- 38
- Location
- Memphis, TN
- Founding
- 09/2014
- Data as of
- 06/2023
- EIN
- 46-5234455
Organization Overview
Goodwill Excel Center Midsouth Inc is located in Memphis, TN. The organization was established in 2014. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2023, Goodwill Excel Center Midsouth Inc employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Goodwill Excel Center Midsouth 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 06/2023, Goodwill Excel Center Midsouth Inc generated $4.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.8% each year . All expenses for the organization totaled $4.2m during the year ending 06/2023. While expenses have increased by 11.0% 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
THE MISSION OF THE GOODWILL EXCEL CENTER MID-SOUTH IS TO PROVIDE ADULTS 18 AND OLDER THE OPPORTUNITY AND SUPPORT TO EARN A HIGH SCHOOL DIPLOMA AND BEGIN POST-SECONDARY EDUCATION WHILE DEVELOPING CAREER PATHS IN SECTORS OF THE LOCAL ECONOMY THAT OFFER BETTER-THAN-AVERAGE EMPLOYMENT AND GROWTH OPPORTUNITIES. THE SCHOOL WILL "MEET STUDENTS WHERE THEY ARE" IN THEIR EDUCATION BY PROVIDING A FLEXIBLE STRUCTURE AND SUPPORTIVE RELATIONSHIPS TO HELP THEM MANAGE WORK, LIFE, AND FAMILY CONCERNS AS THEY ACHIEVE THEIR EDUCATIONAL GOALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE EXCEL CENTER WORKS WITH ADULTS 18 AND OLDER WHO WANT TO EARN A HIGH SCHOOL DIPLOMA. TRADITIONAL BARRIERS TO ACHIEVING A DIPLOMA INCLUDE: 1) CHILD CARE, 2) TRANSPORTATION AND RESOURCES TO ACCESS TRANSPORTATION AND 3) ECONOMIC, SOCIAL OR FAMILY ISSUES. THE EXCEL CENTER MODEL PROVIDES STUDENTS WITH UP TO 4 HOURS OF FREE CHILD CARE, BUS PASSES AND A LIFE COACH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Billy W Tedford Jr Chairman | OfficerTrustee | 2 | $0 |
Macky Sneed Interim Secretary | OfficerTrustee | 2 | $0 |
Austin Baker Director | Trustee | 2 | $0 |
Charles Gerber Director | Trustee | 2 | $0 |
Dr Mary C Mcdonald Director | Trustee | 2 | $0 |
Nick Scully Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,196,644 |
| All other contributions, gifts, grants, and similar amounts not included above | $464,213 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,660,857 |
| Total Program Service Revenue | $0 |
| Investment income | $75 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,676,773 |
| 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 | $1,865,210 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $187,226 |
| Payroll taxes | $136,740 |
| Fees for services: Management | $49,732 |
| Fees for services: Legal | $105,046 |
| 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 | $777,906 |
| Advertising and promotion | $61,471 |
| Office expenses | $108,062 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $114,350 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $204,236 |
| Insurance | $44,924 |
| All other expenses | $79,947 |
| Total functional expenses | $4,233,127 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,553,291 |
| Savings and temporary cash investments | $555,000 |
| Pledges and grants receivable | $733,340 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $100,558 |
| Net Land, buildings, and equipment | $3,712,081 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $98,281 |
| Total assets | $7,752,551 |
| Accounts payable and accrued expenses | $366,381 |
| 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 | $4,000,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,366,381 |
| Net assets without donor restrictions | $2,652,830 |
| Net assets with donor restrictions | $733,340 |
| 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 | $7,752,551 |