Goodwill Industries Of Nw North Carolina Inc
- Assets
- $132.0m
- Revenue
- $93.7m
- Investments
- $0.0
- Employees
- 2,069
- Location
- Winstonsalem, NC
- Founding
- 09/1942
- Data as of
- 12/2021
- EIN
- 56-0588474
Organization Overview
Goodwill Industries Of Nw North Carolina Inc is located in Winstonsalem, NC. The organization was established in 1942. 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 Industries Of Nw North Carolina Inc employed 2,069 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Goodwill Industries Of Nw North Carolina 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 Industries Of Nw North Carolina Inc generated $93.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $69.8m during the year ending 12/2021. While expenses have increased by 2.6% 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.
Since 2014, Goodwill Industries Of Nw North Carolina Inc has awarded 72 individual grants totaling $36,627,538. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
HELPING THE DISABLED AND OTHERS OVERCOME BARRIERS TO EMPLOYMENT AND ACHIEVE INDEPENDENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WORKFORCE DEVELOPMENT - SEE SCHEDULE O
RETAIL OPERATIONS - SEE SCHEDULE O
CONTRACT OPERATIONS - SEE SCHEDULE O
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Clements Director, Board Chair | Trustee | 1 | $0 |
Mark Bachmeier Director, Board Vice Chair | Trustee | 1 | $0 |
Brent Waddell Director, Board Secretary/treasurer | Trustee | 1 | $0 |
Dr Alan Murdock Director | Trustee | 1 | $0 |
Mike Gunter Director | Trustee | 1 | $0 |
David St Clair Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Travis E Holt Dba T-holt Landscapes Landscape Services | 12/30/22 | $163,935 |
Crews Trailer Repair Trailer Repair Service | 12/30/22 | $138,741 |
Forvis Llp Accounting Services | 12/30/22 | $125,569 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,327,804 |
| Investment income | $7,711 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $83,458 |
| Net Gain/Loss on Asset Sales | $142,484 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $54,941,103 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $93,722,591 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $234,393 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,248,197 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $33,019,416 |
| Pension plan accruals and contributions | $2,265,011 |
| Other employee benefits | $5,559,287 |
| Payroll taxes | $2,424,567 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $90,982 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,740,720 |
| Advertising and promotion | $260,353 |
| Office expenses | $1,507,001 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,119,351 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $70,978 |
| Interest | $0 |
| Payments to affiliates | $178,896 |
| Depreciation, depletion, and amortization | $4,069,940 |
| Insurance | $313,041 |
| All other expenses | $0 |
| Total functional expenses | $69,767,053 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $82,600 |
| Savings and temporary cash investments | $30,920,795 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,644,561 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,292,381 |
| Prepaid expenses and deferred charges | $1,200,014 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $26,485,903 |
| Total assets | $131,979,618 |
| Accounts payable and accrued expenses | $8,706,174 |
| Grants payable | $0 |
| Deferred revenue | $41,218 |
| 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 | $684,220 |
| Total liabilities | $9,431,612 |
| Net assets without donor restrictions | $122,427,653 |
| Net assets with donor restrictions | $120,353 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $122,548,006 |
Grants Awarded
Over the last fiscal year, Goodwill Industries Of Nw North Carolina Inc has awarded $7,543,470 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
NORTHWEST NORTH CAROLINA COMMUNITY FOUNDATION PURPOSE: FINANCIAL SUPPORT FOR THE PROGRAMMATIC NEEDS OF GOODWILL. | $5,000,000 |
CROSBY SCHOLARS COMMUNITY PARTNERSHIP PURPOSE: FINANCIAL SUPPORT FOR CROSBY SCHOLARS, WHICH REMOVES BARRIERS TO ACCESS HIGHER EDUCATION. | $1,494,960 |
ROWAN COUNTY CROSBY SCHOLARS COMMUNITY PARTNERSHIP PURPOSE: FINANCIAL SUPPORT FOR CROSBY SCHOLARS, WHICH REMOVES BARRIERS TO ACCESS HIGHER EDUCATION. | $500,449 |
IREDELL COUNTY CROSBY SCHOLARS COMMUNITY PARTNERSHIP PURPOSE: FINANCIAL SUPPORT FOR CROSBY SCHOLARS, WHICH REMOVES BARRIERS TO ACCESS HIGHER EDUCATION. | $398,061 |
SUPPORT SYSTEMS FORSYTH COUNTY PURPOSE: SUPPORTING CHARITABLE ORGANIZATIONS WITH MISSIONS THAT COMPLEMENT GOODWILL | $20,000 |
GREENEST PURPOSE: SUPPORTING CHARITABLE ORGANIZATIONS WITH MISSIONS THAT COMPLEMENT GOODWILL | $20,000 |