Goodwill Industries Of Central Florida Inc
- Assets
- $200.9m
- Revenue
- $117.3m
- Investments
- $16.9m
- Employees
- 2,431
- Location
- Orlando, FL
- Founding
- 04/1963
- Data as of
- 12/2023
- EIN
- 59-0908166
Organization Overview
Goodwill Industries Of Central Florida Inc is located in Orlando, FL. The organization was established in 1963. 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 Central Florida Inc employed 2,431 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Goodwill Industries Of Central Florida 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 Central Florida Inc generated $117.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $93.9m during the year ending 12/2023. While expenses have increased by 7.1% per year over the past 8 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
GOODWILL INDUSTRIES OF CENTRAL FLORIDA, INC. IS A 501C3 THAT RESELLS DONATED GOODS SUCH AS CLOTHING AND HOUSEHOLD GOODS IN 30 RETAIL/OUTLET STORES WHILE OFFERING EMPLOYMENT TO OVER 1200 INDIVIDUALS IN BREVARD, LAKE, ORANGE, OSCEOLA, VOLUSIA AND SEMINOLE COUNTIES. GICF PROVIDES JOB PREPARATION, SKILL BUILDING, JOB PLACEMENT OPPORTUNITIES, RESOURCE CONNECTIVITY AND POST-EMPLOYMENT SUPPORT TO THE COMMUNITY AND OUR EMPLOYEES WITH AND WITHOUT DISABILITIES SEEKING ASSISTANCE WITH ECONOMIC SUCCESS THROUGH OUR DONATED GOODS RETAIL OPERATION, THE VIRTUAL JOB CONNECTION CENTER, WORKFORCE DEVELOPMENT, LIFT, THE NEIGHBORHOOD CENTERS FOR FAMILIES AND PROSPERITY PLANNING AND COACHING SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE DONATED GOODS RETAIL OF GOODWILL INDUSTRIES OF CENTRAL FLORIDA PROVIDES AN AVENUE FOR THE SALE OF RECYCLED GOODS EXTENDING THE LIFE OF CLOTHING & HOUSEHOLD ITEMS. ADDITIONALLY, DGR IS A TRAINING GROUND FOR SUSTAINABLE EMPLOYMENT AND CAREER GROWTH IN TARGETED COMMUNITIES THROUGH HIGHQUALITY EMPLOYMENT PRACTICES. FUNDS GENERATED THROUGH DGR DRIVE THE MISSION OF "BUILDING LIVES THAT WORK" BY INCREASING OUR CAPACITY TO HIRE,SUPPORTING THE FINANCIAL & CAREER GOALS OF ALL EMPLOYEES, & SPONSORING THE EMPLOYMENT OF PERSONS WITH WORKPLACE CHALLENGES (BEHAVIOR DISORDERS, PHYSICAL/MENTAL DISABILITIES, REENTERING CITIZENS, & THOSE CHRONICALLY UNDEREMPLOYED OR UNEMPLOYED). SUCCESS OF THE MISSION IN 2023 IS DEMONSTRATED THROUGH EMPLOYMENT OF 2431 INDIVIDUALS AND RAISING BASE PAY FROM $14.50 TO $15.50.
WE COMPLEMENT THE MISSION EXPRESSED THROUGH DONATED GOODS RETAIL (DGR) THROUGH COMMUNITY BASED SERVICES FOR EMPLOYMENT NAVIGATION, FINANCIAL\ CAPACITY BUILDING, CAREER NAVIGATION, EDUCATION AND TRAINING ATTAINMENT, AND PERSONAL CRISIS REFERRALS. SUCCESS OF THIS MISSION EXPRESSION IS EVIDENT THROUGH 193 JOBS SECURED, 564 PARTICIPANTS IN PROSPERITY PLANNING (FINANCIAL AND CAREER ASSET DEVELOPMENT), AND 2,977 TOTAL PERSONS SERVED IN 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Orth Director | Trustee | 1 | $0 |
Scott Wall Chair | OfficerTrustee | 5 | $0 |
Cathleen Balboa Chair | OfficerTrustee | 5 | $0 |
Edward J Durkee President & CEO | OfficerTrustee | 40 | $534,646 |
Gary Blanchette Chair-Elect | Trustee | 1 | $0 |
George Hagerty Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Xtranet Solutions Llc It Support | 12/30/16 | $505,012 |
Dunlawton Yorktowne Unit 51 Llc Rent | 12/30/16 | $424,625 |
Gator Interchange Partners Llc Rent | 12/30/16 | $312,468 |
Ddrm Skyview Plaza Llc Rent | 12/30/16 | $304,212 |
Costa Communications Group Rent | 12/30/16 | $238,823 |
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 | $113,729,139 |
| Noncash contributions included in lines 1a–1f | $113,114,677 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $113,729,139 |
| Total Program Service Revenue | $934,012 |
| Investment income | $2,222,259 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $361,051 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $10,988 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $117,257,449 |
| 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. | $1,807,221 |
| Compensation of current officers, directors, key employees. | $846,318 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $50,625,975 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,549,377 |
| Payroll taxes | $4,139,282 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $69,124 |
| Fees for services: Accounting | $50,066 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $54,660 |
| Fees for services: Other | $1,983,305 |
| Advertising and promotion | $401,458 |
| Office expenses | $60,958 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,421,713 |
| Travel | $267,746 |
| 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 | $5,433,065 |
| Insurance | $0 |
| All other expenses | $1,734,483 |
| Total functional expenses | $93,886,913 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $72,114,775 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $116,031 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,428,000 |
| Inventories for sale or use | $2,135,870 |
| Prepaid expenses and deferred charges | $2,324,586 |
| Net Land, buildings, and equipment | $64,474,382 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $16,944,286 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $38,356,182 |
| Total assets | $200,894,112 |
| Accounts payable and accrued expenses | $504,965 |
| Grants payable | $0 |
| Deferred revenue | $54,493 |
| Tax-exempt bond liabilities | $21,967,770 |
| 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 | $46,865,740 |
| Total liabilities | $69,392,968 |
| Net assets without donor restrictions | $131,501,144 |
| 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 | $200,894,112 |