Heart Of Texas Goodwill Industries
- Assets
- $53.3m
- Revenue
- $21.8m
- Investments
- $444.4k
- Employees
- 982
- Location
- Waco, TX
- Founding
- 07/1957
- Data as of
- 12/2022
- EIN
- 74-1238443
Organization Overview
Heart Of Texas Goodwill Industries is located in Waco, TX. The organization was established in 1957. According to its NTEE Classification (J32) the organization is classified as: Goodwill Industries, under the broad grouping of Employment and related organizations. As of 12/2022, Heart Of Texas Goodwill Industries employed 982 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heart Of Texas Goodwill Industries 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 12/2022, Heart Of Texas Goodwill Industries generated $21.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $16.7m during the year ending 12/2022. While expenses have increased by 4.3% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF HEART OF TEXAS GOODWILL INDUSTRIES IS TO FACILITATE CHANGE THROUGH SKILLS TRAINING AND WORK OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEART OF TEXAS GOODWILL'S RETAIL OPERATIONS SERVES AS THE MECHANISM FOR THE ORGANIZATION TO HELP PEOPLE REACH THEIR FULL POTENTIAL THROUGH THE POWER OF WORK. GOODWILL ACCEPTS DONATED CLOTHING AND OTHER HOUSEHOLD GOODS WHICH ARE PROCESSED AND SOLD IN ONE OF ITS RETAIL STORES. THIS PROCESS CREATES JOBS IN THE COMMUNITY FOR PEOPLE WITH BARRIERS TO EMPLOYMENT AS WELL AS ON-THE-JOB TRAINING OPPORTUNITIES FOR PEOPLE WITH DISABILITIES OR INDIVIDUALS NEEDING HELP GETTING ACCLIMATED BACK INTO THE WORKFORCE. THE REVENUE GENERATED FROM THE SALE OF GOODS SOLD IN GOODWILL RETAIL STORES IS THEN USED TO FUND COMMUNITY-BASED EMPLOYMENT SERVICES, SKILLS TRAINING PROGRAMS, AND JOB PLACEMENT ASSISTANCE IN ONE OF FIVE JOB CONNECTION CENTERS.
THE SALE OF DONATED ITEMS RECEIVED FROM DONORS PLAYS A SIGNIFICANT ROLE BEHIND THE SCENES AT GOODWILL, HELPING TO FUND LIFE-CHANGING TRAINING PROGRAMS AND VOCATIONAL SERVICES FOR INDIVIDUALS SEEKING GREATER SUCCESS IN THE WORKPLACES. GOODWILL DEVELOPS WORK OPPORTUNITIES AND VOCATIONAL TRAINING COURSES FOR PEOPLE WITH BARRIERS TO EMPLOYMENT AND DISABLING CONDITIONS BY PARTNERING WITH STATE AGENCIES AND OTHER COMMUNITY ORGANIZATIONS. THESE PARTNERSHIPS CREATE ON-THE-JOB TRAINING PROGRAMS THAT GIVE PEOPLE THE SKILLS THEY NEED TO SUCCEED IN THE WORKPLACE, ALL WHILE THEY EARN A PAYCHECK. THESE PAID TRAINING OPPORTUNITIES OCCUR WITHIN GOODWILL'S RETAIL OPERATIONS OR AT STATE OFFICES, DOING WORK SUCH AS LEGAL SERVICES OR GENERAL OFFICE WORK. THESE PARTNERSHIPS ALSO CREATE A PIPELINE OF REFERRALS TO GOODWILL'S ONE-ON-ONE AND CLASSROOM-BASED JOB READINESS AND COMPUTER TRAINING, GEARED TOWARDS PEOPLE LOOKING TO UPGRADE THEIR SKILLS OR NEED HELP IN THEIR EMPLOYMENT SEARCH. MOST SERVICES ARE FREE AND ARE OFFERED BY DEDICATED MISSION SERVICES STAFF LOCATED IN ONE OF FIVE COMMUNITY-BASED JOB CONNECTION CENTERS OPERATED BY GOODWILL. SPECIAL PROGRAMS ALSO EXIST TO SERVE SPECIFIC POPULATIONS SUCH AS VETERANS, JUSTICE INVOLVED, YOUTH, AND HOUSELESS.
GOODWILL'S CONTRACT SERVICES DIVISION CREATES JOB OPPORTUNITIES FOR PEOPLE WITH DISABLING CONDITIONS THROUGH THE STATE SET-ASIDE PROGRAM WITH THE STATE OF TEXAS AS WELL AS CONTRACTS CREATED WITH LOCAL MUNICIPALITIES. THESE CONTRACTS INCLUDE LITTER PICK-UP ALONG HIGHWAYS AND STATE PARKS, MOWING STATE-OPERATED FACILITIES AND ROADSIDE PICNIC AREAS, AND LANDSCAPING SERVICES. PEOPLE WITH DISABILITIES RECEIVE PRIORITY ON THESE CONTRACTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shannon Wittmer President & CEO | OfficerTrustee | 40 | $210,097 |
Scott Wilmot Chair | OfficerTrustee | 1 | $0 |
Scott Omo Vice Chair | OfficerTrustee | 1 | $0 |
Kim Barr Treasurer | OfficerTrustee | 1 | $0 |
Stacie Kline Secretary | OfficerTrustee | 1 | $0 |
Keith Williamson Past Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hale Consulting Consulting | 12/30/21 | $188,661 |
Jacody Construction Lp Construction Services | 12/30/21 | $357,834 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $231,314 |
| All other contributions, gifts, grants, and similar amounts not included above | $17,597,045 |
| Noncash contributions included in lines 1a–1f | $17,293,783 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,828,359 |
| Total Program Service Revenue | $2,696,988 |
| Investment income | $323,086 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $499,093 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,842,438 |
| 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. | $325,586 |
| Compensation of current officers, directors, key employees. | $42,326 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,783,286 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $505,988 |
| Payroll taxes | $823,066 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $491,006 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,119,746 |
| Travel | $52,915 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $418,088 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $873,234 |
| Insurance | $335,050 |
| All other expenses | $627,136 |
| Total functional expenses | $16,692,175 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,803,450 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $36,662 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,902,864 |
| Prepaid expenses and deferred charges | $230,753 |
| Net Land, buildings, and equipment | $26,625,653 |
| Investments—publicly traded securities | $16,236,078 |
| Investments—other securities | $444,441 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $53,279,901 |
| Accounts payable and accrued expenses | $106,170 |
| 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 | $11,359,395 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $872,765 |
| Total liabilities | $12,338,330 |
| Net assets without donor restrictions | $40,941,571 |
| 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 | $53,279,901 |