Goodwill Industries Of The Greater Chattanooga Area
- Assets
- $14.3m
- Revenue
- $20.2m
- Investments
- $536.0k
- Employees
- 734
- Location
- Chattanooga, TN
- Founding
- 12/1942
- Data as of
- 12/2021
- EIN
- 62-0544853
Organization Overview
Goodwill Industries Of The Greater Chattanooga Area, operating under the name Goodwill Industries Chattanooga Area, 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 12/2023, Goodwill Industries Chattanooga Area employed 734 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Goodwill Industries Chattanooga Area 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 Chattanooga Area generated $20.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $15.6m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO HELP CHANGE LIVES THROUGH THE POWER OF WORK.
Describe the Organization's Program Activity:
DONATED GOODS AND RETAIL PROGRAM SERVICES: GOODWILL INDUSTRIES OF THE GREATER CHATTANOOGA AREA 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: GOODWILL INDUSTRIES OF THE GREATER CHATTANOOGA AREA 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 278 PARTICIPANTS RECEIVED EMPLOYMENT AND TRAINING SERVICES, JOB TRAINEES CONTRIBUTED 73,637 HOURS TO WORTHY NONPROFIT AGENCIES IN OUR COMMUNITY, AND 90% OF OUR TRAINEES RETAINED THEIR JOBS FOR 90 PLUS DAYS. GOOWILL WAS 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 |
|---|---|---|---|
Jim Catanzaro Director | Trustee | 1 | $0 |
Brian Hunt Director | Trustee | 1 | $0 |
Michael Fillauer Director | Trustee | 1 | $0 |
Rich Mozingo Director | Trustee | 1 | $0 |
Kim Bolton Director | Trustee | 1 | $0 |
Matt Williams Board Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,694,629 |
| Investment income | $59,854 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $350 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,189,307 |
| Statement of Expenses | |
|---|---|
| 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. | $995,940 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,970,743 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $455,433 |
| Payroll taxes | $708,392 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $96,926 |
| Fees for services: Accounting | $20,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,107 |
| Fees for services: Other | $426,458 |
| Advertising and promotion | $126,125 |
| Office expenses | $433,760 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,923,130 |
| Travel | $453,215 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $231 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $249,295 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $15,578,058 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,418 |
| Savings and temporary cash investments | $5,782,161 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $75,776 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $680,871 |
| Prepaid expenses and deferred charges | $436,538 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $536,045 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,258,649 |
| Accounts payable and accrued expenses | $1,349,063 |
| 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 | $4,218,660 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,567,723 |
| Net assets without donor restrictions | $8,690,926 |
| 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 |
| Total liabilities and net assets/fund balances | $8,690,926 |