Goodwill Industries Of The Valleys Inc
- Assets
- $66.1m
- Revenue
- $19.3m
- Investments
- $0.0
- Employees
- 515
- Location
- Roanoke, VA
- Founding
- 12/1970
- Data as of
- 12/2023
- EIN
- 54-0884014
Organization Overview
Goodwill Industries Of The Valleys Inc is located in Roanoke, VA. The organization was established in 1970. 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 Valleys Inc employed 515 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Goodwill Industries Of The Valleys 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 Valleys Inc generated $19.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.4%) each year. All expenses for the organization totaled $19.8m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.4%) per year over the past 8 years. 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
THROUGH THE WORK OF GOODWILL, PEOPLE WILL HAVE THE OPPORTUNITY TO ACHIEVE THEIR GREATEST POTENTIAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WORKFORCE DEVELOPMENT - GOODWILL RECEIVES FEDERAL GRANTS DESIGNED TO ASSIST INDIVIDUALS WHO ARE LOW INCOME, DISLOCATED, OVER THE AGE OF 55 AND ON A LOW INCOME, YOUTH THAT ARE AT-RISK, AND OTHER INDIVIDUALS WHO HAVE BARRIERS TO EMPLOYMENT. GOODWILL PROVIDES TRAINING AND EDUCATION TO PREPARE INDIVIDUALS FOR EMPLOYMENT OPPORTUNITIES AND HELPS THEM TO FIND A JOB. THROUGH TRAINING AND EMPLOYMENT PROGRAMS INDIVIDUALS ARE ABLE TO ACHIEVE THE PRIDE, DIGNITY, AND SELF-RESPECT THAT COMES FROM EARNING A PAYCHECK AND CONTRIBUTING TO THE COMMUNITY.
MANAGEMENT SERVICES PERFORMED FOR GOODWILL INDUSTRIES OF THE VALLEY WORKS.
WORK TRAINING SERVICES - GOODWILL PROCURES GRANTS FROM LOCAL, REGIONAL, AND NATIONAL FOUNDATIONS, COMPANIES, AND MUNICIPALITIES TO FUND PROGRAMS THAT HELP INDIVIDUALS GET BACK TO WORK AND GAIN GREATER INDEPENDENCE. INDIVIDUALS SERVED INCLUDED YOUTH, ADULTS, AND SENIORS WITH DISABILITIES AND OTHER BARRIERS TO EMPLOYMENT, SUCH AS INCARCERATION AND YOUTH WHO ARE AT RISK OF DROPPING OUT OF SCHOOL OR INVOLVEMENT WITH THE JUVENILE JUSTICE SYSTEM.
SOURCE AMERICA - GOODWILL CONTRACTS WITH THE FEDERAL GOVERNMENT TO EMPLOY INDIVIDUALS WITH DISABILITIES AND OTHER BARRIERS TO EMPLOYMENT. THESE INDIVIDUALS PROVIDE JANITORIAL SERVICES IN LOCAL FEDERAL FACILITIES THUS ALLOWING THEM TO LIVE AND WORK INDEPENDENTLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Churchill Chair | OfficerTrustee | 1 | $0 |
Aaron Boush Vice Chair | OfficerTrustee | 1 | $0 |
John Wood Secretary | OfficerTrustee | 1 | $0 |
Joseph Bradney Director | Trustee | 1 | $0 |
Curtis Burchett Director | Trustee | 1 | $0 |
Lisa Clause Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Uhs Premium Billing Benefit | 12/30/23 | $1,180,697 |
Enteros Design Pc Capital Project | 12/30/23 | $932,973 |
Berkley Insurance Vendor Workers Comp Vendor | 12/30/23 | $474,692 |
Selective Insurance Co Of America Insurance Broker | 12/30/23 | $454,881 |
Convergent Nonprofit Solutions Consultant | 12/30/23 | $262,250 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $17,277 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $4,000,000 |
| Government grants | $1,238,941 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,517,787 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,774,005 |
| Total Program Service Revenue | $7,392,567 |
| Investment income | $833,848 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $9,897 |
| Net Gain/Loss on Asset Sales | -$1,263,926 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,302,257 |
| 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. | $2,069,894 |
| Compensation of current officers, directors, key employees. | $2,069,894 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,684,852 |
| Pension plan accruals and contributions | $135,703 |
| Other employee benefits | $1,463,831 |
| Payroll taxes | $833,949 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $52,947 |
| Fees for services: Accounting | $86,370 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $62,189 |
| Fees for services: Other | $1,514,224 |
| Advertising and promotion | $162,911 |
| Office expenses | $547,343 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,067,594 |
| Travel | $311,418 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $11,605 |
| Payments to affiliates | $222,554 |
| Depreciation, depletion, and amortization | $968,441 |
| Insurance | $233,746 |
| All other expenses | $0 |
| Total functional expenses | $19,797,258 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,935,668 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $611,635 |
| Accounts receivable, net | $1,013,716 |
| 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 | $505,635 |
| Net Land, buildings, and equipment | $37,395,454 |
| Investments—publicly traded securities | $22,189,855 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $494,246 |
| Total assets | $66,146,209 |
| Accounts payable and accrued expenses | $3,054,289 |
| Grants payable | $0 |
| Deferred revenue | $8,890,157 |
| 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 | $9,628,791 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,254,599 |
| Total liabilities | $29,827,836 |
| Net assets without donor restrictions | $35,495,533 |
| Net assets with donor restrictions | $822,840 |
| 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 | $66,146,209 |