Goodwill Of Central And Coastal Virginia Inc
- Assets
- $132.7m
- Revenue
- $66.6m
- Investments
- $6.1m
- Employees
- 1,970
- Location
- Richmond, VA
- Founding
- 09/1946
- Data as of
- 12/2022
- EIN
- 54-0455395
Organization Overview
Goodwill Of Central And Coastal Virginia Inc is located in Richmond, VA. The organization was established in 1946. According to its NTEE Classification (J32) the organization is classified as: Goodwill Industries, under the broad grouping of Employment and related organizations. As of 12/2022, Goodwill Of Central And Coastal Virginia Inc employed 1,970 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Goodwill Of Central And Coastal Virginia 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 12/2022, Goodwill Of Central And Coastal Virginia Inc generated $66.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $58.4m during the year ending 12/2022. While expenses have increased by 2.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE WORKFORCE DEVELOPMENT SERVICES FOR INDIVIDUALS FACING CHALLENGES TO WORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WORKFORCE DEVELOPMENT SERVICES--GOODWILL PROVIDES PROGRAMS TO ASSIST JOB SEEKERS FACING CHALLENGES TO EMPLOYMENT OBTAIN, MAINTAIN AND GROW SUSTAINABLE CAREERS. THE ORGANIZATION ALSO PROVIDES ONGOING SERVICES TO INDIVIDUALS WITH DISABILITIES. THROUGH BEGIN@HOME PROGRAMMING, INDIVIDUALS CAN EARN A PAYCHECK WHILE RECEIVING PAID, ON-THE-JOB TRAINING. SERVICES AND TRAININGS OFFERED THROUGH BEGIN@HOME INCLUDE SOFT SKILLS, LIFE SKILLS, CUSTOMER SERVICE TRAINING, AND ONE-ON-ONE CAREER ADVISING AND PLANNING.
DONATED GOODS--THROUGH OUR DONATED GOODS SOCIAL ENTERPRISE, GOODWILL COLLECTS, PROCESSES AND RESELLS DONATED ITEMS IN ORDER TO PROVIDE AND SUSTAIN WORKFORCE DEVELOPMENT SERVICES. GOODWILL'S TERRITORY ENCOMPASSES 44 CITIES AND COUNTIES IN WHICH WE OPERATE 34 RETAIL STORES-ALL OF WHICH ACCEPT DONATED GOODS-AS WELL AS 6 FREE-STANDING ATTENDED DONATION CENTERS. GOODWILL ALSO OPERATES THREE RETAIL OUTLETS THAT SELL GOODS BY THE POUND, AS WELL AS TWO ELECTRONICS RETAIL STORES. GOODWILL RESELLS GOODS THAT DO NOT SELL IN THE RETAIL ENVIRONMENT TO BUYERS OF TEXTILES, PLASTICS, METALS AND PAPER, AND PROVIDES A BROKERING SERVICE TO 5 OTHER GOODWILLS TO RESELL UNSOLD ITEMS, AND ALSO SELLS ITEMS BY LIVE AUCTION. IN 2022, GOODWILL PROCESSED MORE THAN 54,000,000 POUNDS OF GOODS AND KEPT 25,000,000 POUNDS OUT OF LANDFILLS, INCLUDING IN EXCESS OF 1 MILLION POUNDS OF ELECTRONICS.
COMMERCIAL AND GOVERNMENT SERVICES--GOODWILL PROVIDES JOB TRAINING AND EMPLOYMENT TO PEOPLE WITH DISABILITIES AND OTHER CHALLENGES THROUGH ITS RELATED ENTITY, GOODWILL SERVICES, INC. (GSI), WHICH PROVIDES SERVICES UNDER CONTRACTS WITH GOVERNMENT AND COMMERCIAL ENTERPRISES. IN 2022, GSI OPERATED 4 FEDERAL "ABILITY ONE" CONTRACTS AT 13 SITES INCLUDING MILITARY INSTALLATIONS, FEDERAL COURTHOUSES AND THE INTERNAL REVENUE SERVICE. SERVICES INCLUDE JANITORIAL, WAREHOUSING, LOGISTICS AND SUPPLY FULFILLMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Benjamin C Ackerly ESQ Director | Trustee | 1 | $0 |
Ev Clarke Director | Trustee | 1 | $0 |
Billy Foster Director | Trustee | 1 | $0 |
Jesse Goodrich Director | Trustee | 1 | $0 |
Drexel Harris Director | Trustee | 1 | $0 |
John C Ivins Jr Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $7,282 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $592,630 |
| All other contributions, gifts, grants, and similar amounts not included above | $26,073,235 |
| Noncash contributions included in lines 1a–1f | $25,371,488 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,673,147 |
| Total Program Service Revenue | $39,188,543 |
| Investment income | $25,038 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $385,527 |
| Net Gain/Loss on Asset Sales | $11,307 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $66,604,414 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $23,991 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,308,148 |
| Compensation of current officers, directors, key employees. | $917,188 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $31,223,508 |
| Pension plan accruals and contributions | $478,068 |
| Other employee benefits | $3,635,438 |
| Payroll taxes | $2,793,647 |
| Fees for services: Management | $93,973 |
| Fees for services: Legal | $195,639 |
| Fees for services: Accounting | $527,536 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $95,733 |
| Advertising and promotion | $275,497 |
| Office expenses | $0 |
| Information technology | $696,257 |
| Royalties | $0 |
| Occupancy | $9,303,514 |
| Travel | $86,380 |
| 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 | $2,681,635 |
| Insurance | $365,325 |
| All other expenses | $0 |
| Total functional expenses | $58,361,557 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,302 |
| Savings and temporary cash investments | $35,511,333 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $977,188 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,352,958 |
| Prepaid expenses and deferred charges | $995,569 |
| Net Land, buildings, and equipment | $65,687,942 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $6,085,692 |
| Investments—program-related | $0 |
| Intangible assets | $350,170 |
| Other assets | $20,649,287 |
| Total assets | $132,658,441 |
| Accounts payable and accrued expenses | $3,386,817 |
| Grants payable | $0 |
| Deferred revenue | $37,716 |
| 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 | $25,000,198 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $17,838,578 |
| Total liabilities | $46,263,309 |
| Net assets without donor restrictions | $86,197,386 |
| Net assets with donor restrictions | $197,746 |
| 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 | $132,658,441 |