Goodwill Industries Of Arkansas Inc
- Assets
- $59.6m
- Revenue
- $56.1m
- Investments
- $0.0
- Employees
- 2,204
- Location
- Little Rock, AR
- Founding
- 09/1942
- Data as of
- 06/2022
- EIN
- 71-0236903
Organization Overview
Goodwill Industries Of Arkansas Inc is located in Little Rock, AR. 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 06/2022, Goodwill Industries Of Arkansas Inc employed 2,204 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Goodwill Industries Of Arkansas 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 06/2022, Goodwill Industries Of Arkansas Inc generated $56.1m 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 $51.1m during the year ending 06/2022. While expenses have increased by 4.3% 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.
Since 2018, Goodwill Industries Of Arkansas Inc has awarded 11 individual grants totaling $40,046,736. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
CHANGING LIVES THROUGH EDUCATION, TRAINING AND EMPLOYMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOODWILL'S MISSION IS SUPPORTED PRIMARILY BY REVENUE FROM THE SALE OF DONATED GOODS IN 34 ARKANSAS LOCATIONS. NINE LOCATIONS HAVE ONSITE CAREER NAVIGATORS WHO HELP JOB SEEKERS FIND THEIR NEXT GREAT JOB AND HELP EMPLOYERS FILL HIRING NEEDS. GOODWILL HELPS PEOPLE WITH DISABILITIES AND DISADVANTAGES SECURE PART-TIME OR FULL-TIME EMPLOYMENT WITH EARNINGS AT OR ABOVE MINIMUM WAGE. THE AVERAGE WAGE FOR PEOPLE PLACED IN JOBS IN FY 2022 IS $13.55. GOODWILL IS CARF ACCREDITED AND SUPPORTS PROGRAMS RANGING FROM YOUTH AND FAMILY SERVICES, TO REENTRY AND SUPPORT SERVICES FOR JOB SEEKERS, AND CHANGES LIVES FOR THOUSANDS OF ARKANSAS EACH YEAR. GOODWILL OPERATES THE EXCEL CENTER, A HIGH SCHOOL FOR ADULTS LOOKING TO EARN AN ACCREDITED HIGH SCHOOL DIPLOMA, AND A TRADE SCHOOL WHICH OFFERS TRAINING TO THE PUBLIC FOR IN-DEMAND, INDUSTRY-RECOGNIZED CERTIFICATIONS. ADULTS LOOKING TO EARN AN ACCREDITED HIGH SCHOOL DIPLOMA, AND A TRADE SCHOOL LICENSED BY THE ARKANSAS STATE BOARD OF PRIVATE AND CAREER EDUCATION THAT SPECIALIZES IN OFFERING IN-DEMAND INDUSTRY RECOGNIZED CERTIFICATIONS TO THE PUBLIC.
GOODWILL SERVED 6,009 PEOPLE AND PLACED 489 PEOPLE IN EMPLOYMENT. OUR INTENSIVE PROGRAMS, ESPECIALLY JOB PLACEMENT PROGRAMS, HAVE GREAT SUCCESS RATES FOR PERSONS WITH DISABILITIES (55%) AND TRANSITIONAL EMPLOYMENT (96%).
THE TRANSITIONAL EMPLOYMENT OPPORTUNITY (TEO) PROGRAM OFFERS JOB READINESS TRAINING AND JOB PLACEMENT SERVICES FOR PEOPLE AFTER INCARCERATION TO HELP THEM FIND WORK, LAUNCH CAREERS, AND REBUILD LIVES. THROUGH THE TEO PROGRAM, GOODWILL OFFERS AN ENVIRONMENT THAT SUPPORTS INDIVIDUALS AT LEAST 18 YEARS OLD WITH NON-SEXUAL CRIMINAL OFFENSES WHO WANT TO REINTEGRATE INTO THE COMMUNITY AND MAKE POSITIVE CONTRIBUTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian F Marsh President And CEO | Officer | 50 | $426,445 |
Sylvia Murchison Sr. Vice President & Cmo | Officer | 50 | $223,122 |
Chad Albaugh Vice President, Donated Goods | 50 | $153,218 | |
Markous Jewett Sr. Vice President & CFO | Officer | 25 | $161,166 |
Russtina Green Vp, Support Services | 50 | $165,077 | |
Leslie Heizman Vp, Community Engagement | 50 | $144,855 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Redstone Construction Group Inc Construction | 6/29/22 | $312,097 |
Fricker Construction Inc Construction | 6/29/22 | $245,915 |
Acs Roof Maintenance Roofing | 6/29/22 | $194,579 |
Flemin Electric Inc Electric Services | 6/29/22 | $161,701 |
Middleton Heat Air Inc Hvac Install/repair | 6/29/22 | $127,693 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $51,545,315 |
| Investment income | $12,749 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $737,872 |
| Net Gain/Loss on Asset Sales | $235,533 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,003,200 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $56,095,778 |
| 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. | $922,701 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $23,200,462 |
| Pension plan accruals and contributions | $574,881 |
| Other employee benefits | $1,589,144 |
| Payroll taxes | $1,801,806 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $106,169 |
| Fees for services: Accounting | $142,612 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $486,846 |
| Advertising and promotion | $48,925 |
| Office expenses | $1,527,444 |
| Information technology | $215,724 |
| Royalties | $0 |
| Occupancy | $5,757,711 |
| Travel | $137,357 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $50,165 |
| Interest | $21,234 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,809,466 |
| Insurance | $609,084 |
| All other expenses | $0 |
| Total functional expenses | $51,133,891 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,752,456 |
| Savings and temporary cash investments | $16,880,274 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $126,582 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,366,555 |
| Prepaid expenses and deferred charges | $480,925 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $650,000 |
| Other assets | $146,818 |
| Total assets | $59,611,660 |
| Accounts payable and accrued expenses | $2,282,416 |
| Grants payable | $0 |
| Deferred revenue | $6,250 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $512,033 |
| Other liabilities | $0 |
| Total liabilities | $2,800,699 |
| Net assets without donor restrictions | $56,748,531 |
| Net assets with donor restrictions | $62,430 |
| 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 | $56,810,961 |
Grants Awarded
Over the last fiscal year, Goodwill Industries Of Arkansas Inc has awarded $8,922,783 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
INTERNATIONAL RESCUE COMMITTEE PURPOSE: DONATION TO UKRAINE | $28,840 |
GOODWILL OF ARKANSAS FOUNDATION INC PURPOSE: GENERAL SUPPORT | $7,000,000 |
GOODWILL ARKANSAS EDUCATION INITIATIVES INC PURPOSE: GENERAL SUPPORT | $1,893,943 |