Goodwill Industries Of Eastern North Carolina Inc
- Assets
- $104.3m
- Revenue
- $46.6m
- Investments
- $0.0
- Employees
- 1,227
- Location
- Durham, NC
- Founding
- 12/1964
- Data as of
- 12/2023
- EIN
- 56-0861003
Organization Overview
Goodwill Industries Of Eastern North Carolina Inc is located in Durham, NC. The organization was established in 1964. 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 Eastern North Carolina Inc employed 1,227 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Goodwill Industries Of Eastern 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 12/2023, Goodwill Industries Of Eastern North Carolina Inc generated $46.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.5% each year . All expenses for the organization totaled $31.5m during the year ending 12/2023. While expenses have increased by 4.8% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AND CREATE EDUCATION, EMPLOYMENT, AND LIFE ENRICHMENT OPPORTUNITIES REGIONALLY AND NATIONALLY FOR PEOPLE WHO DESIRE TO IMPROVE THE QUALITY OF THEIR LIVES
Describe the Organization's Program Activity:
Part 3 - Line 4a
EMPLOYMENT - GIENC SERVED 984 PERSONS THROUGH EMPLOYMENT WITHIN ITS 42 EMPLOYMENT PROGRAM CENTERS ACROSS THE GREATER TRIANGLE, SANDHILLS AND EASTERN NORTH CAROLINA. PERSONS SERVED RECEIVED 7,200 HOURS OF PROFESSIONAL DEVELOPMENT. EMPLOYEES WITHIN EMPLOYMENT PROGRAM CENTERS EARNED A WAGE AND BENEFIT PACKAGE EXCEEDING $22 PER HOUR IN 2023. GIENC'S ULTURAL IMMERSION PROGRAM PLACED 26 REFUGEES INTO EMPLOYMENT.
EDUCATION - GIENC PROVIDED EDUCATIONAL OPPORTUNITIES TO 3,886 LEARNERS WITHIN LOCAL AND REGIONAL COMMUNITIES THROUGHOUT EASTERN NORTH CAROLINA VIA ITS ONLINE LEARNING PLATFORM. TWO SCIENCE, TECHNOLOGY, ENGINEERING, ARTS & MATHEMATIC (STEAM) LABS WERE DESIGNED AND BUILT FOR LOCAL YOUTH BASED ORGANIZATIONS SERVING 770 YOUTH. GIENC'S CARF ACCREDITED ACCELERATED CAREER TRAINING PROGRAM GRADUATED 21 INDIVIDUALS WHO WERE AWARDED OVER $5,000 IN STIPENDS UPON GRADUATION. MOBILE STEAM BOXES WERE DEPLOYED TO 11 PARTNER SITES ACROSS EASTERN NORTH CAROLINA SERVING 1,091 YOUTH. 60 WORKSHOPS AND 15 CLINICS WERE CONDUCTED TEACHING WORKFORCE DEVELOPMENTSKILLS.
LIFE ENRICHMENT - GIENC HAS PROVIDED OVER $1,400,000 IN GRANTS TO LOCAL AND REGIONAL NONPROFITS THROUGH ITS AGENCY EMPOWERMENT PROGRAM. GIENC FEEDS PROGRAM SERVED OVER 8,000 INDIVIDUALS THROUGH THE DISTRIBUTION OF $138,000 IN FOOD VOUCHERS, 80,000 POUNDS OF FOOD AND 3,500 FOOD BOXES. GIENC FACILITATED ONE MAJOR GIFTS RAMP UP CONFERENCE AND TWO BREWING COMMUNITY EVENTS HIGHLIGHTING THE WORK OF STRATEGIC COMMUNITY PARTNERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Hash President | Officer | 40 | $319,231 |
Kathy Roadcup Vice President Of Operations | Officer | 40 | $179,519 |
Richard Stallings Vice President Of Finance | Officer | 40 | $179,616 |
Matthew Robinson Vice President Of Mission Advancement | Officer | 40 | $172,126 |
Carolyn Hendricks Chief Of Staff | Officer | 40 | $140,625 |
William Brannon Director Program Technology | Officer | 40 | $120,784 |
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 | $285,444 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $285,444 |
| Total Program Service Revenue | $45,455,332 |
| Investment income | $808,758 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $81,527 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $46,636,061 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,427,792 |
| 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. | $850,491 |
| Compensation of current officers, directors, key employees. | $211,396 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,669,829 |
| Pension plan accruals and contributions | $211,605 |
| Other employee benefits | $2,556,257 |
| Payroll taxes | $1,486,242 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $122,886 |
| Fees for services: Accounting | $31,012 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $125,493 |
| Fees for services: Other | $55,988 |
| Advertising and promotion | $46,830 |
| Office expenses | $1,026,662 |
| Information technology | $171,964 |
| Royalties | $0 |
| Occupancy | $2,679,033 |
| Travel | $61,894 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,130 |
| Interest | $1,808,646 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,883,680 |
| Insurance | $172,821 |
| All other expenses | $131,627 |
| Total functional expenses | $31,450,120 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,996,534 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $306,620 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,934,550 |
| Prepaid expenses and deferred charges | $75,898 |
| Net Land, buildings, and equipment | $67,830,920 |
| Investments—publicly traded securities | $20,135,468 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $291,238 |
| Other assets | $1,726,885 |
| Total assets | $104,298,113 |
| Accounts payable and accrued expenses | $1,634,979 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $47,914,977 |
| 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 | $1,966,430 |
| Total liabilities | $51,516,386 |
| Net assets without donor restrictions | $52,781,727 |
| 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 | $104,298,113 |
Grants Awarded
Over the last fiscal year, Goodwill Industries Of Eastern North Carolina Inc has awarded $1,734,684 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
LIVING WITH AUTISM PURPOSE: monetary assistance to purchase rehab supplies passenger van for transporting clients | $88,087 |
FAMILIES MOVING FORWARD PURPOSE: to provide operational assistance for organization helping homeless families | $6,597 |
GOODWILL COMMUNITY FOUNDATION PURPOSE: grant to assist in developing online learning programs | $1,640,000 |