Goodwill Industries Of Kentucky Inc

Organization Overview

Goodwill Industries Of Kentucky Inc is located in Louisville, KY. The organization was established in 1938. According to its NTEE Classification (J32) the organization is classified as: Goodwill Industries, under the broad grouping of Employment and related organizations. As of 12/2021, Goodwill Industries Of Kentucky Inc employed 3,664 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Goodwill Industries Of Kentucky 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 Kentucky Inc generated $90.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $75.8m during the year ending 12/2021. While expenses have increased by 6.0% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO HELP PEOPLE WITH DISABILITIES OR OTHER DISADVANTAGES ACHIEVE AND MAINTAIN EMPLOYMENT TO GAIN A BETTER QUALITY OF LIFE THROUGH JOB CREATION, PLACEMENT, ADDRESSING BARRIERS TO EMPLOYMENT, AND OTHER TRAINING.

Describe the Organization's Program Activity:

Part 3 - Line 4a

GOODWILL INDUSTRIES OF KENTUCKY, INC.'S RETAIL PROGRAM HELPS PEOPLE WITH DISABILITIES OR OTHER DISADVANTAGES OBTAIN AND MAINTAIN EMPLOYMENT AT ONE OF ITS 67 STORES THROUGHOUT KENTUCKY BY PROVIDING EMPLOYMENT AND TRAINING OPPORTUNITIES. THE RETAIL PROGRAM PAID MORE THAN $14 MILLION IN MISSION-RELATED WAGES. THE STORES SELL A VARIETY OF DONATED MERCHANDISE (DONATED BY THE GENERAL PUBLIC AND BUSINESSES) TO THE COMMUNITY AT DISCOUNTED PRICES TO DIVERT ITEMS FROM LOCAL LANDFILLS AND SUPPORT GOODWILL'S MISSION TO PUT KENTUCKIANS TO WORK. THE STORES GENERATED FUNDING TO SUPPORT EMPLOYMENT COUNSELING, EDUCATIONAL PROGRAMS, BARRIER REDUCTION, AND JOB TRAINING SERVICES THROUGH THE GOODWILL WORKS PROGRAM. DURING 2021, 1,734 PEOPLE WERE SERVED THROUGH THIS PROGRAM.


GOODWILL INDUSTRIES OF KENTUCKY, INC.'S SPECIALIZED WORKFORCE DEVELOPMENT PROGRAMS DELIVERED JOB PLACEMENT AND RETENTION SERVICES, COUNSELING, SKILLS TRAINING, ASSESSMENTS, BARRIER REDUCTION, AND JOB COACHING TO PEOPLE WITH DISABILITIES OR OTHER DISADVANTAGES, ADVANCING THEIR VOCATIONAL OPPORTUNITIES, AND ASSISTING THEM IN OBTAINING AND MAINTAINING EMPLOYMENT. THESE SPECIALIZED PROGRAMS MADE 2,276 FULL-TIME JOB PLACEMENTS, 325 PART-TIME JOB PLACEMENTS AND DELIVERED 11,028 SERVICES.


GOODWILL INDUSTRIES OF KENTUCKY, INC. SENIOR COMMUNITY EMPLOYMENT SERVICE PROGRAM (SCSEP) THROUGH A NATIONAL DEPARTMENT OF LABOR (DOL) GRANT IS DESIGNED TO LINK LOW-INCOME, OLDER WORKERS TO ON-THE-JOB TRAINING THAT CAN HELP THEM MOVE INTO PAID EMPLOYMENT. THROUGH SCSEP, GOODWILL MATCHES ELIGIBLE INDIVIDUALS AGE 55 AND OLDER WITH NONPROFITS OR PUBLIC AGENCIES FOR ON-THE-JOB TRAINING IN A PROFESSIONAL WORK ENVIRONMENT, PAID BY THE SCSEP PROGRAM. THE SCSEP PROGRAM MADE 8 FULL-TIME JOB PLACEMENTS, 27 PART-TIME JOB PLACEMENTS AND PROVIDED 335 SERVICES, WHILE PAYING OVER $1,638,000 IN MISSION-RELATED WAGES.


GOODWILL INDUSTRIES OF KENTUCKY, INC. (GOODWILL) EMPLOYS PERSONS TO PROVIDE JANITORIAL AND CUSTODIAL SERVICES UNDER CONTRACTS. THESE SERVICES ARE PERFORMED WITH A WORKFORCE COMPRISED OF MORE THAN 85% OF PERSONS WITH SIGNIFICANT DISABILITIES. THIS PROGRAM IS CONSISTENT WITH GOODWILL'S MISSION. THESE CONTRACTS EMPLOYED 44 PERSONS, AND PAID $633,000 IN MISSION-RELATED WAGES.GOODWILL INDUSTRIES OF KENTUCKY, INC. CARS TO WORK PROGRAM HELPS PEOPLE WITH DISABILITIES OR OTHER DISADVANTAGES OBTAIN AFFORDABLE TRANSPORTATION TO ACHIEVE AND MAINTAIN EMPLOYMENT. THE SALE OF DONATED VEHICLES SUPPORTS GOODWILL'S EFFORTS TO PUT KENTUCKIANS ON THE ROAD TO SUCCESS. GOODWILL CARS TO WORK CONNECTS KENTUCKIANS WITH AFFORDABLE TRANSPORTATION SO THEY CAN MAINTAIN EMPLOYMENT, GROW IN THEIR CAREERS, AND ULTIMATELY MOVE OUT OF POVERTY AND ACHIEVE SELF-SUFFICIENCY. FAMILIES ARE ALSO ENRICHED BY ACCESS TO TRANSPORTATION AS CLIENTS' CHILDREN MAY BE ABLE TO PARTICIPATE IN AFTER-SCHOOL ACTIVITIES, PERHAPS FOR THE FIRST TIME. IN ADDITION, CLIENTS HAVE THE OPPORTUNITY TO BUILD THEIR CREDIT RATING AND IMPROVE THEIR CREDIT SCORE. PROGRAM PARTICIPANTS ALSO HAVE ACCESS TO FINANCIAL COUNSELING AND GUIDANCE TO HELP THEM PROPERLY BUDGET FOR AND MAINTAIN THEIR VEHICLE TO IMPROVE THEIR CHANCES FOR EMPLOYMENT SUCCESS. PARTICIPANTS IN THE PROGRAM MUST BE REFERRED TO GOODWILL BY A PARTNERING AGENCY. CARS TO WORK PARTNERS WITH AGENCIES TO PLACE PROGRAM PARTICIPANTS IN AFFORDABLE VEHICLES AND REIMBURSES LOAN INTEREST AT THE END OF THE LOAN TERM. DURING 2021, 179 VEHICLES WERE PROVIDED TO PROGRAM PARTICIPANTS THROUGH THE CARS TO WORK PROGRAM. IN ADDITION TO VEHICLES, THE CARS TO WORK - LAST MILE TO WORK PROGRAM PROVIDES BICYCLES TO PARTICIPANTS WITH TRANSPORTATION BARRIERS. THE LAST MILE TO WORK PROGRAM PROVIDED 174 BICYCLES TO PARTICIPANTS.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$32,401
Related organizations$0
Government grants $737,281
All other contributions, gifts, grants, and similar amounts not included above$32,872,056
Noncash contributions included in lines 1a–1f $31,198,775
Total Revenue from Contributions, Gifts, Grants & Similar$33,641,738
Total Program Service Revenue$55,826,096
Investment income $865,219
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $250,610
Net Gain/Loss on Asset Sales -$98,666
Net Income from Fundraising Events -$24,212
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $90,756,692

Grants Awarded

Over the last fiscal year, Goodwill Industries Of Kentucky Inc has awarded $30,000 in support to 3 organizations.

Grant RecipientAmount

PALMETTO GOODWILL

Org PageRecipient Profile

North Charleston, SC

PURPOSE: HURRICANE RELIEF

$10,000

GOODWILL INDUSTRIES - BIG BEND

Org PageRecipient Profile

Tallahassee, FL

PURPOSE: HURRICANE RELIEF

$10,000

GOODWILL INDUSTRIES INTERNATIONAL

Org PageRecipient Profile

Rockville, MD

PURPOSE: CALIFORNIA WILD FIRES

$10,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Goodwill Industries Of Kentucky Inc has recieved totaling $500.

Awarding OrganizationAmount
Gannett Foundations Inc

Mclean, VA

PURPOSE: CHARITABLE PURPOSE

$500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$23,653,953
Earnings$3,388,960
Other Expense$808,678
Ending Balance$26,234,235

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