Goodwill Services Inc
- Assets
- $4.9m
- Revenue
- $11.6m
- Investments
- $0.0
- Employees
- 182
- Location
- Richmond, VA
- Founding
- 12/1998
- Data as of
- 12/2021
- EIN
- 54-1821538
Organization Overview
Goodwill Services Inc is located in Richmond, VA. The organization was established in 1998. According to its NTEE Classification (P82) the organization is classified as: Developmentally Disabled Centers, under the broad grouping of Human Services and related organizations. As of 12/2021, Goodwill Services Inc employed 182 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Goodwill Services 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 12/2021, Goodwill Services Inc generated $11.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $11.6m during the year ending 12/2021. While expenses have increased by 5.3% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ASSIST INDIVIDUALS WITH OBSTACLES TO EMPLOYMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE SHELTERED EMPLOYMENT, VOCATIONAL REHABILITATION AND FURTHERANCE OF THE EDUCATION, TRAINING AND JOB READINESS OF THE DISABLED AND DISADVANTAGED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Schuler Chair | OfficerTrustee | 1 | $0 |
David Nelms Vice Chair | OfficerTrustee | 1 | $0 |
David S Cohn Esquire Secretary | OfficerTrustee | 1 | $0 |
Stephen Huyck President | OfficerTrustee | 1 | $0 |
Mark Barth Director/ceo Gwccva | Trustee | 1 | $0 |
Jim Giudice Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $11,570,082 |
| Investment income | $0 |
| 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 | $11,570,082 |
| 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 | $0 |
| Other salaries and wages | $4,888,150 |
| Pension plan accruals and contributions | $14,997 |
| Other employee benefits | $1,003,323 |
| Payroll taxes | $476,149 |
| Fees for services: Management | $2,990,068 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $29,674 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $8,822 |
| Royalties | $0 |
| Occupancy | $1,213,755 |
| Travel | $10,383 |
| 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 | $18,054 |
| Insurance | $42,604 |
| All other expenses | $58,089 |
| Total functional expenses | $11,570,082 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $520,028 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,254,589 |
| 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 | $149,114 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,923,731 |
| Accounts payable and accrued expenses | $427,461 |
| Grants payable | $0 |
| Deferred revenue | -$390 |
| 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 | $4,384,075 |
| Total liabilities | $4,811,146 |
| Net assets without donor restrictions | $112,585 |
| 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 | $4,923,731 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Goodwill Services Inc has recieved totaling $30,892.
| Awarding Organization | Amount |
|---|---|
Sourceamerica Vienna, VA PURPOSE: CMMC, QWE, ERS, GROWTH, TECHNOLOGY, & MODERNIZATION, NPA TRAINING VOUCHERS GRANTS | $30,892 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Versability Resources Inc Hampton, VA | $38,988,304 | $55,905,926 |
The Arc Baltimore Inc Baltimore, MD | $34,863,848 | $52,443,624 |
Orange Grove Center Inc Chattanooga, TN | $25,283,096 | $40,700,796 |
Way Station Inc Frederick, MD | $48,827,954 | $38,298,060 |
Emerge Inc Columbia, MD | $32,400,357 | $38,462,137 |
Community Support Services Gaithersburg, MD | $39,474,698 | $37,353,075 |
Arc Of Prince Georges County Inc Largo, MD | $28,484,886 | $35,714,387 |
Shelby Residential And Vocational Services Inc Memphis, TN | $11,136,048 | $28,344,823 |
Arc Of Washington County Inc Hagerstown, MD | $39,737,967 | $35,189,004 |
Arc Of Montgomery County Inc Rockville, MD | $15,718,782 | $30,280,101 |
Compass Inc Beltsville, MD | $25,197,115 | $27,736,040 |
Life Bridges Inc Cleveland, TN | $14,755,928 | $22,280,185 |