Chattanooga Goodwill Industries Inc
- Assets
- $6.6m
- Revenue
- $15.2m
- Investments
- $481.3k
- Employees
- 629
- Location
- Chattanooga, TN
- Founding
- 12/1942
- Data as of
- 12/2020
- EIN
- 62-0544853
Organization Overview
Chattanooga Goodwill Industries Inc is located in Chattanooga, TN. 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 12/2021, Chattanooga Goodwill Industries Inc employed 629 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chattanooga Goodwill Industries 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 12/2020, Chattanooga Goodwill Industries Inc generated $15.2m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $13.7m during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (3.5%) per year over the past 6 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO HELP CHANGE LIVES THROUGH THE POWER OF WORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATED GOODS AND RETAIL PROGRAM SERVICES: GOODWILL INDUSTRIES UTILIZES ITS RESALE STRATEGIES TO PROVIDE ON THE JOB TRAINING TO PERSONS WITH DISABILITIES AND OTHER BARRIERS TO EMPLOYMENT SUCH AS MULTI-GENERATIONAL POVERTY, HISTORY OF INCARCERATION, LIMITED EDUCATION, AND NO WORK EXPERIENCE. GOODWILL ACCEPTS CLOTHING AND OTHER HOUSEHOLD GOODS FROM THE PUBLIC AND SELLS THESE DONATIONS IN 17 GOODWILL COMMUNITY-BASED STORES. REVENUE FROM THE SALE OF THESE GOODS GOES DIRECTLY TOWARD SUPPORTING AND GROWING CRITICAL LOCAL PROGRAMS AND JOB PLACEMENT SERVICES.
WORKFORCE DEVELOPMENT PROGRAM SERVICES: CHATTANOOGA GOODWILL INDUSTRIES, INC. PROVIDES EDUCATION AND CAREER SERVICES, AS WELL AS JOB PLACEMENT OPPORTUNITIES AND POST-EMPLOYMENT SUPPORT TO INDIVIDUALS WITH DISABILITIES AND OTHER BARRIERS TO EMPLOYMENT SO THAT THEY CAN FIND AND KEEP GOOD JOBS. INDIVIDUALS CAN ACHIEVE GREATER LEVELS OF SELF-SUFFICIENCY AND ECONOMIC SUCCESS THROUGH GOODWILL'S FAMILY STRENGTHENING AND WORKFORCE DEVELOPMENT SERVICES - SUCH AS EMPLOYMENT TRAINING AND EDUCATION, WORK EXPERIENCE, EMPLOYMENT RETENTION SERVICES, FINANCIAL LITERACY, DIGITAL SKILLS AND OTHER TRAINING PROGRAMS. GOODWILL PROGRAMS STRENGTHEN COMMUNITIES AND FAMILIES AND PROMOTE INDEPENDENCE AND DIGNITY FOR THE PEOPLE WHO NEED IT MOST.
WORKFORCE DEVELOPMENT PROGRAM SERVICES (CONTINUED):ACCOMPLISHMENTS INCLUDE: MORE THAN 115 PARTICIPANTS RECEIVED EMPLOYMENT AND TRAINING SERVICES, JOB TRAINEES CONTRIBUTED 56,333 HOURS TO WORTHY NONPROFIT AGENCIES IN OUR COMMUNITY, AND 82% OF OUR TRAINEES WERE ABLE TO SECURE A JOB, AND WERE ABLE TO DIVERT OVER 9 MILLION POUNDS OF MATERIAL FROM LANDFILLS THROUGH SALES AND SALVAGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gena Weldon President & CEO | OfficerTrustee | 40 | $239,712 |
James Stailey COO | Officer | 40 | $131,889 |
Janis Webb Vice President Of Finance | Officer | 40 | $94,962 |
Jere Young Board Chair | OfficerTrustee | 1 | $0 |
Dexter Cantelou Vice Chair | OfficerTrustee | 1 | $0 |
Amy Katcher 2nd Vice Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $67,553 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,679,138 |
| All other contributions, gifts, grants, and similar amounts not included above | $119,019 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,865,710 |
| Total Program Service Revenue | $12,092,744 |
| Investment income | $39,661 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,165,222 |
| 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. | $962,836 |
| Compensation of current officers, directors, key employees. | $962,836 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,080,194 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $376,554 |
| Payroll taxes | $771,394 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,065 |
| Fees for services: Accounting | $20,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,364 |
| Fees for services: Other | $365,076 |
| Advertising and promotion | $56,508 |
| Office expenses | $487,671 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,292,762 |
| Travel | $389,188 |
| 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 | $243,849 |
| Insurance | $0 |
| All other expenses | $3,165 |
| Total functional expenses | $13,687,808 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,662 |
| Savings and temporary cash investments | $3,013,063 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $108,076 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $221,759 |
| Prepaid expenses and deferred charges | $440,391 |
| Net Land, buildings, and equipment | $2,327,443 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $481,299 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,642,693 |
| Accounts payable and accrued expenses | $927,657 |
| 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 | $1,635,009 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,562,666 |
| Net assets without donor restrictions | $4,080,027 |
| 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 | $6,642,693 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Chattanooga Goodwill Industries Inc has recieved totaling $216,896.
| Awarding Organization | Amount |
|---|---|
United Way Of Greater Chattanooga Chattanooga, TN PURPOSE: TO HELP TRAIN THE UNEMPLOYED AND UNDEREMPLOYED | $201,896 |
Goodwill Industries International Inc Rockville, MD PURPOSE: GOOGLE-GW DIGITAL CAREER ACCE2, GOOGLE-GW DIGITAL CAREER ACCEL | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Goodwill Industries Of Arkansas Inc Little Rock, AR | $54,825,832 | $52,717,160 |
Goodwill Industries Of Middle Georgia Inc Macon, GA | $45,866,636 | $50,420,104 |
Goodwill Industries Of The Southern Rivers Inc Columbus, GA | $35,574,289 | $32,786,540 |
Goodwill Of The Coastal Empire Inc Savannah, GA | $24,855,946 | $31,151,976 |
Goodwill Industries Of Eastern North Carolina Inc Durham, NC | $83,105,565 | $44,260,656 |
Goodwill Industries Of The Gulf Coast Inc Mobile, AL | $27,475,111 | $29,909,987 |
Goodwill Of Western Missouri And Eastern Kansas Kansas City, MO | $10,740,171 | $18,183,269 |
Goodwill Industries Of Central North Carolina Inc Greensboro, NC | $40,100,021 | $25,790,924 |
Goodwill Industries - Knoxville Inc Knoxville, TN | $38,369,521 | $19,652,369 |
Goodwill Industries Of The Valleys Inc Roanoke, VA | $51,978,727 | $17,146,868 |
Chattanooga Goodwill Industries Inc Chattanooga, TN | $6,642,693 | $15,165,222 |
Goodwill Industries Of N Georgia Inc Decatur, GA | $13,297,903 | $13,496,741 |