Palmetto Goodwill is located in North Charleston, SC. The organization was established in 2015. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2021, Palmetto Goodwill employed 2,353 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Palmetto Goodwill 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, Palmetto Goodwill generated $50.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $41.9m during the year ending 12/2021. While expenses have increased by 4.1% per year over the past 6 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PALMETTO GOODWILL'S MISSION IS TO HELP PEOPLE ACHIEVE THEIR FULL POTENTIAL THROUGH THE DIGNITY AND POWER OF WORK. PALMETTO GOODWILL IS CHARTERED THROUGH GOODWILL INDUSTRIES INTERNATIONAL TO PROVIDE EDUCATION, JOB READINESS AND OCCUPATIONAL SKILLS TRAINING TO UNEMPLOYED AND UNDEREMPLOYED INDIVIDUALS IN 18 COUNTIES OF SOUTH CAROLINA. PALMETTO GOODWILL, ESTABLISHED IN 1979, HAS OPERATED UNDER THE MODEL OF "SOCIAL ENTERPRISE" THROUGHOUT MUCH OF ITS EXISTENCE. HOWEVER, THE ORGANIZATION HAS DIVERSIFIED FUNDING BEYOND RETAIL REVENUES TO BRING TOGETHER LIKE-MINDED ORGANIZATIONS AND PROVIDE OPPORTUNITIES FOR COMMUNITY INVESTMENT, INCLUDING PRIVATE AND CORPORATE FUNDERS. IN 2021, PALMETTO GOODWILL OPERATED 33 RETAIL STORES WHICH SUPPORTED WORKFORCE DEVELOPMENT PROGRAMS THAT EDUCATED, TRAINED, AND EMPLOYED PEOPLE. THESE SERVICES WERE PROVIDED VIRTUALLY AND IN-PERSON THROUGH A NETWORK OF NINE (9) CAREER OPPORTUNITY CENTERS.
Describe the Organization's Program Activity:
GOODWILL'S DONATED GOODS PROGRAM PROVIDES EDUCATION, JOB TRAINING AND EMPLOYMENT OPPORTUNITIES TO PEOPLE WITH BARRIERS THROUGH THE RESELLING OF RETAIL ITEMS. SALES OF DONATED CLOTHING AND HOUSEHOLD ITEMS PROVIDE JOB TRAINING AND REVENUE FOR COMMUNITY EMPLOYMENT SERVICES. GOODWILL HELPS PEOPLE EARN A LIVING, IMPROVE THEIR QUALITY OF LIFE, AND STRENGTHEN THEIR FAMILIES AND COMMUNITIES BY PUTTING 90% OF ITS REVENUE FROM ITS 31 THRIFT STORES BACK INTO MISSION PROGRAMMING. PALMETTO GOODWILL'S DONATION PROGRAM HELPED KEEP MORE THAN 30 MILLION POUNDS OF WASTE OUT OF SOUTH CAROLINA LANDFILLS. GOODWILL'S DIVERSION OF ITEMS FROM LANDFILL HELP OUR PLANET, REDUCE OUR CARBON FOOTPRINT, AND KEEP OUR COMMUNITIES SUSTAINABLE.
PALMETTO GOODWILL PROVIDED CAREER NAVIGATION SERVICES TO MORE THAN 16,800 UNEMPLOYED OR UNDEREMPLOYED INDIVIDUALS. THE ORGANIZATION PROVIDED EDUCATION, JOB READINESS AND OCCUPATIONAL SKILLS TRAINING TO MORE THAN 4,800 INDIVIDUALS THROUGH ITS NETWORK OF CAREER OPPORTUNITY CENTERS, ONLINE TRAINING PROVIDERS, TECHNICAL SCHOOL NETWORK, AND OTHER TRAINING PROVIDERS TO PREPARE INDIVIDUALS FOR IN-DEMAND CAREERS IN THE FIELDS OF (1) HEALTH CARE AND SOCIAL ASSISTANCE, (2) INFORMATION TECHNOLOGIES, (3) INDUSTRIAL TRADES, (4) RETAIL TRADE, (5) TRANSPORTATION AND WAREHOUSING. IN ADDITION TO TRAINING, PALMETTO GOODWILL PROVIDED SUPPORTIVE SERVICES, INCLUDING RENT, MORTGAGE, UTILITY ASSISTANCE, CLOTHING VOUCHERS, FURNITURE VOUCHERS, BUS PASSES, AND OTHER TRANSPORTATION COSTS.
PALMETTO GOODWILL LAID THE GROUNDWORK TO IMPLEMENT PALMETTO EXCEL CENTER WITH A LAUNCH DATE IN THE FALL OF 2023 AND THE FIRST GRADUATING CLASS IN 2025. THE MISSION OF PALMETTO EXCEL IS A CHARTER SCHOOL BUILT ON THE EXCEL CENTER'S NATIONAL MODEL IS TO PROVIDE ADULTS THE OPPORTUNITY AND SUPPORT TO EARN HIGH SCHOOL DIPLOMAS AND POST-SECONDARY EDUCATION WHILE DEVELOPING CAREER PATHS THAT OFFER BETTER-THAN-AVERAGE EMPLOYMENT AND GROWTH OPPORTUNITIES. PALMETTO EXCEL WILL OFFER A FLEXIBLE, YEAR-ROUND SCHEDULE AND SUPPORTIVE RELATIONSHIPS TO HELP STUDENTS MANAGE WORK, LIFE, AND FAMILY NEEDS AS THEY PURSUE THEIR EDUCATIONAL GOALS. STUDENTS WILL RECEIVE HIGH-QUALITY, DIRECT INSTRUCTION IN RIGOROUS 8-WEEK TERM CORE COURSES AND CAREER CERTIFICATION CLASSES THROUGH TRIDENT TECH, WITH WHICH PALMETTO EXCEL WILL SHARE A CAMPUS. PALMETTO EXCEL WILL USE A CUSTOMIZED, PROVEN EXCEL CENTER CURRICULUM WITH BUILT-IN SOCIAL-EMOTIONAL LEARNING SUPPORTS AND COLLEGE AND CAREER READINESS STANDARDS. ADDITIONAL ASSISTANCE WILL INCLUDE AT NO COST CHILDCARE, TRANSPORTATION ASSISTANCE, AND LIFE COACHING AND CAREER NAVIGATION SERVICES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Robert Smith CEO Through 6/7/21 | Officer | 20 | $528,535 |
Jacqueline Draws CFO | Officer | 28 | $135,226 |
Charles Hudson COO | Officer | 28 | $127,317 |
Summer Hatley VP Of Donated Goods | 30 | $120,150 | |
Dequasar Husser VP Of Mission Enterprise | 30 | $112,499 | |
Tanya Weldon Human Resources Officer | Officer | 32 | $100,000 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Progressive Vision Investment & Trading Rent For Store 236 | 12/30/21 | $475,000 |
Myrtle Beach Associates Llc Rent For Store 259 | 12/30/21 | $306,943 |
Penske Truck Leasing Co Lp Equipment Leasing, Rental And Repair | 12/30/21 | $290,756 |
Quality Florence Llc Rent For Store 267 | 12/30/21 | $247,640 |
Jb Harrison Properties Llc Rent For Store 266 | 12/30/21 | $238,050 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $17,521 |
Related organizations | $0 |
Government grants | $3,778,262 |
All other contributions, gifts, grants, and similar amounts not included above | $13,956,625 |
Noncash contributions included in lines 1a–1f | $13,026,000 |
Total Revenue from Contributions, Gifts, Grants & Similar | $17,752,408 |
Total Program Service Revenue | $1,020,954 |
Investment income | $7,369 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $7,352 |
Net Gain/Loss on Asset Sales | $50,752 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $32,082,089 |
Miscellaneous Revenue | $0 |
Total Revenue | $50,949,954 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $1,234,075 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $1,226,498 |
Compensation of current officers, directors, key employees. | $184,579 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $18,074,657 |
Pension plan accruals and contributions | $271,105 |
Other employee benefits | $2,693,754 |
Payroll taxes | $1,064,447 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $42,312 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $875,888 |
Advertising and promotion | $818,591 |
Office expenses | $634,146 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $5,589,906 |
Travel | $71,985 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $1,815,023 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $2,939,770 |
Insurance | $0 |
All other expenses | $636,954 |
Total functional expenses | $41,925,265 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $7,761,444 |
Savings and temporary cash investments | $4,742,600 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $1,029,427 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $1,073,000 |
Prepaid expenses and deferred charges | $106,432 |
Net Land, buildings, and equipment | $83,252,105 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $2,149,135 |
Total assets | $100,114,143 |
Accounts payable and accrued expenses | $2,276,179 |
Grants payable | $0 |
Deferred revenue | $507,008 |
Tax-exempt bond liabilities | $22,208,165 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $30,233,935 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $2,926,677 |
Total liabilities | $58,151,964 |
Net assets without donor restrictions | $41,962,179 |
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 | $100,114,143 |
Over the last fiscal year, we have identified 1 grants that Palmetto Goodwill has recieved totaling $25.
Awarding Organization | Amount |
---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $25 |
Organization Name | Assets | Revenue |
---|---|---|
Telamon Corporation Raleigh, NC | $28,971,791 | $85,006,099 |
Pruitt Corporation Employee Welfare Norcross, GA | $5,026,472 | $52,038,649 |
Palmetto Goodwill North Charleston, SC | $100,114,143 | $50,949,954 |
Helping Hands Ministries Inc Tallulah Falls, GA | $3,673,283 | $41,819,921 |
Bremen Food & Clothing Bank Inc Bremen, GA | $515,496 | $35,921,408 |
Southwest Georgia Community Action Council Inc Moultrie, GA | $11,357,621 | $35,023,890 |
Must Ministries Inc Marietta, GA | $38,621,848 | $35,481,764 |
Inter-Faith Food Shuttle Raleigh, NC | $8,299,507 | $23,329,525 |
Enrichment Services Program Incorporated Columbus, GA | $4,122,189 | $23,954,834 |
Society Of St Vincent De Paul Georgia Inc Atlanta, GA | $8,206,515 | $23,990,110 |
Economic Improvement Council Inc Edenton, NC | $4,246,156 | $20,948,013 |
Country Club Of Landfall Wilmington, NC | $36,040,032 | $19,318,350 |