Goodwill Industries Of Southwest Florida Inc
- Assets
- $104.4m
- Revenue
- $61.0m
- Investments
- $2.0m
- Employees
- 1,869
- Location
- Fort Myers, FL
- Founding
- 04/1967
- Data as of
- 12/2023
- EIN
- 59-6196141
Organization Overview
Goodwill Industries Of Southwest Florida Inc is located in Fort Myers, FL. The organization was established in 1967. 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 Southwest Florida Inc employed 1,869 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Goodwill Industries Of Southwest 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 Southwest Florida Inc generated $61.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $53.9m during the year ending 12/2023. While expenses have increased by 6.8% per year over the past 9 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 2016, Goodwill Industries Of Southwest Florida Inc has awarded 22 individual grants totaling $2,731,049. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
GOODWILL INDUSTRIES OF SOUTHWEST FLORIDA IS COMMITTED TO SERVING PEOPLE WITH DISABILITIES AND DISADVANTAGES BY OFFERING LIFE-CHANGING OPPORTUNITIES TO ACHIEVE INDEPENDENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RETAIL STORE OPERATIONS: GOODWILL OPERATES THRIFT STORES IN THE LOCAL FIVE COUNTY AREA WHICH SELL DONATED AND PURCHASED GOODS. THESE STORES PROVIDE JOBS AND TRAINING AS WELL AS ASSISTANCE AND AFFORDABLE GOODS TO THE LOCAL AREA'S RESIDENTS. IN ADDITION TO THE $2,309,534 NET INCOME RESULTING FROM THE SALE OF PURCHASED GOODS AS REFLECTED ON FORM 990, PAGE 9, PART VIII, LINE 10, THE ORGANIZATION RECEIVED $ 42,061,356 OF DONATED GOODS RELATED TO THIS PROGRAM DURING THE YEAR WHICH ARE REFLECTED WITHIN NONCASH CONTRIBUTIONS ON FORM 990, PAGE 9, PART VIII, LINE 1G.
E-COMMERCE: GOODWILL OPERATES AN E-COMMERCE SELLING PROGRAM WHICH LISTS USED GOODS, BOOKS AND COMPUTERS AS WELL AS HIGH END DONATED GOODS FOR SALE. IN ADDITION TO THE $996,631 OF DELIVERY INCOME GENERATED THROUGH THE PROGRAM, THE ORGANIZATION RECEIVED $ 2,783,948 OF DONATED GOODS RELATED TO THIS PROGRAM DURING THE YEAR WHICH ARE REFLECTED WITHIN NONCASH CONTRIBUTIONS ON FORM 990, PAGE 9, PART VIII, LINE 1G.
SALVAGE AND RECYCLING: GOODWILL OPERATES A SALVAGE AND RECYCLING PROGRAM WHICH PROVIDES JOBS AND JOB TRAINING AS WELL AS A MEANS OF SALVAGING AND SHIPPING CLOTHING TO THOSE IN NEED IN OTHER COUNTRIES. THE ORGANIZATION RECEIVED $2,042,000 OF DONATED GOODS RELATED TO THIS PROGRAM DURING THE YEAR WHICH ARE REFLECTED WITHIN NONCASH CONTRIBUTIONS ON FORM 990, PAGE 9, PART VIII, LINE 1G.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Nadeau President/ceo | Officer | 40 | $347,611 |
Douglas A Stewart Chief Operating Officer | Officer | 40 | $281,273 |
Carolyn Johnson Chief Mission Officer | Officer | 40 | $167,009 |
Jamie Dunn Sr. Director Of It | 40 | $145,558 | |
Michael Mcgarvey Sr. Director Of Operations | 40 | $133,151 | |
Cynthia Crippen Sr. Director Of Finance | 40 | $125,478 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ryder Integrated Logistics Inc Transportation | 12/30/23 | $1,390,378 |
Balance Staffing Employment Staffing | 12/30/23 | $811,963 |
Stephen R Bowen Construction Construction Co. | 12/30/23 | $711,575 |
Fedex Package Delivery | 12/30/23 | $319,247 |
Ryder Leasing Trans. Leasing | 12/30/23 | $282,874 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $90,650 |
| Membership dues | $0 |
| Fundraising events | $188,608 |
| Related organizations | $0 |
| Government grants | $311,754 |
| All other contributions, gifts, grants, and similar amounts not included above | $48,099,248 |
| Noncash contributions included in lines 1a–1f | $47,095,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $48,690,260 |
| Total Program Service Revenue | $1,974,794 |
| Investment income | $269,812 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $57,159 |
| Net Gain/Loss on Asset Sales | $7,631,389 |
| Net Income from Fundraising Events | -$62,486 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,309,534 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $61,032,522 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $266,671 |
| 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. | $829,043 |
| Compensation of current officers, directors, key employees. | $423,087 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $26,693,960 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,029,042 |
| Payroll taxes | $2,899,991 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $163,156 |
| Fees for services: Accounting | $58,175 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,493,849 |
| Advertising and promotion | $147,379 |
| Office expenses | $966,548 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,950,333 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,534 |
| Interest | $158,566 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,938,227 |
| Insurance | $1,107,582 |
| All other expenses | $253,678 |
| Total functional expenses | $53,858,234 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,484,674 |
| Savings and temporary cash investments | $2,859,894 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $267,071 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,150,000 |
| Inventories for sale or use | $8,572,827 |
| Prepaid expenses and deferred charges | $1,094,782 |
| Net Land, buildings, and equipment | $31,593,152 |
| Investments—publicly traded securities | $1,483,693 |
| Investments—other securities | $2,022,616 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $47,850,166 |
| Total assets | $104,378,875 |
| Accounts payable and accrued expenses | $4,022,725 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $4,644,771 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $48,985,048 |
| Total liabilities | $57,652,544 |
| Net assets without donor restrictions | $46,726,331 |
| 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 | $104,378,875 |
Grants Awarded
Over the last fiscal year, Goodwill Industries Of Southwest Florida Inc has awarded $39,142 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
SW FL GWI HOUSING XIII INC PURPOSE: NEIGHB. IMPROVEMENT | $11,058 |
GOODWILL IND OF ARKANSAS PURPOSE: TORNADO RELIEF EFTS. | $10,000 |
SW FL GWI HOUSING XIV INC PURPOSE: NEIGHB. IMPROVEMENT | $7,203 |
CHARLESTON PARK PURPOSE: NEIGHB. IMPROVEMENT | $5,695 |
SW FL GWI HOUSING III INC PURPOSE: NEIGHB. IMPROVEMENT | $5,186 |