Goodwill Industries Of The Chesapeake Inc
- Assets
- $106.4m
- Revenue
- $98.0m
- Investments
- $0.0
- Employees
- 411
- Location
- Baltimore, MD
- Founding
- 04/1938
- Data as of
- 12/2023
- EIN
- 52-0591576
Organization Overview
Goodwill Industries Of The Chesapeake Inc is located in Baltimore, MD. The organization was established in 1938. 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, Goodwill Industries Of The Chesapeake Inc employed 411 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Goodwill Industries Of The Chesapeake 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 12/2023, Goodwill Industries Of The Chesapeake Inc generated $98.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $93.2m during the year ending 12/2023. While expenses have increased by 8.8% 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
WORKFORCE DEVELOPMENT AND OTHER SOCIAL SERVICES FOR PEOPLE WITH PHYSICAL, MENTAL, OR OTHER BARRIERS TO SELF-SUSTAINING EMPLOYMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REVENUE GENERATED FROM OUR VARIOUS BUSINESS FUNCTIONS IS USED TO SUPPORT OUR MISSION AND COVER THE COSTS OF OPERATING THE BUSINESSES. 56,262 SERVICES WERE PROVIDED TO INDIVIDUALS WITH PHYSICAL, MENTAL, OR OTHER SOCIAL BARRIERS TO EMPLOYMENT RECEIVED SERVICES THROUGH WORKFORCE DEVELOPMENT IN 2023, INCLUDING 1,571 PEOPLE PLACED INTO PERMANENT AND TEMPORARY POSITIONS. WE COLLECT USABLE ITEMS FOR RESALE IN OUR RETAIL STORES AND TRAIN PEOPLE FOR WORK THROUGH TRANSITIONAL EMPLOYMENT, EXTENDED TRAINING, AND OTHER SUPPORTING SERVICES. WE ALSO PROVIDE WORK AND TRAINING OPPORTUNITIES FOR INDIVIDUALS WITH SEVERE DISABILITIES THROUGH CUSTODIAL AND OTHER CONTRACTS WITH THE FEDERAL AND STATE GOVERNMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Rusyniak President/ceo | OfficerTrustee | 40 | $621,101 |
Joe Durham Chair | OfficerTrustee | 0.5 | $0 |
Olivia Farrow Vice Chair | OfficerTrustee | 0.5 | $0 |
David J Downey Jr Immediate Past Chair | OfficerTrustee | 0.5 | $0 |
Jeff Jacobson Treasurer | OfficerTrustee | 0.5 | $0 |
Kim Clark Secretary | OfficerTrustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kascon Inc Building Renovation | 12/30/23 | $2,217,800 |
Fedex Shipping Services | 12/30/23 | $457,617 |
Sc&h Group Inc Technology Advisory | 12/30/23 | $290,829 |
Ryder Transportation Services Transportation | 12/30/23 | $216,983 |
First Team Staffing Services Staffing Services | 12/30/23 | $266,374 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $3,586 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $39,287,611 |
| Noncash contributions included in lines 1a–1f | $38,606,864 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $39,291,197 |
| Total Program Service Revenue | $58,151,321 |
| Investment income | $1,147,688 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$615,659 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $97,989,434 |
| 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. | $1,425,091 |
| Compensation of current officers, directors, key employees. | $191,714 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $26,280,396 |
| Pension plan accruals and contributions | $572,186 |
| Other employee benefits | $1,719,588 |
| Payroll taxes | $1,579,821 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $30,435 |
| Fees for services: Accounting | $91,775 |
| Fees for services: Lobbying | $72,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $149,964 |
| Fees for services: Other | $2,280,175 |
| Advertising and promotion | $682,262 |
| Office expenses | $3,518,270 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,730,527 |
| Travel | $667,696 |
| 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 | $1,232,674 |
| Insurance | $0 |
| All other expenses | $1,419 |
| Total functional expenses | $93,193,311 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $145,670 |
| Savings and temporary cash investments | $18,433,357 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,428,414 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $163,032 |
| Prepaid expenses and deferred charges | $142,609 |
| Net Land, buildings, and equipment | $9,772,998 |
| Investments—publicly traded securities | $29,235,851 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $45,071,367 |
| Total assets | $106,393,298 |
| Accounts payable and accrued expenses | $4,168,459 |
| 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 | $45,124,493 |
| Total liabilities | $49,292,952 |
| Net assets without donor restrictions | $56,375,585 |
| Net assets with donor restrictions | $724,761 |
| 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 | $106,393,298 |