Goodwill Of Colorado
- Assets
- $192.2m
- Revenue
- $166.6m
- Investments
- $0.0
- Employees
- 6,777
- Location
- Colorado Springs, CO
- Founding
- 03/1963
- Data as of
- 12/2021
- EIN
- 84-0513404
Organization Overview
Goodwill Of Colorado is located in Colorado Springs, CO. The organization was established in 1963. 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 Of Colorado employed 6,777 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Goodwill Of Colorado 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 Of Colorado generated $166.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.9% each year . All expenses for the organization totaled $132.4m during the year ending 12/2021. While expenses have increased by 18.2% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
GOODWILL OF COLORADO IS ONE PART OF FOUR CONSOLIDATED ENTITIES (FOUNDATION, GOODWILL INDUSTRIAL, END. TRUST) DEDICATED TO HELPING PEOPLE REACH THEIR HIGHEST LEVEL OF INDEPENDENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021, GOODWILL OF COLORADO OPERATED 42 RETAIL STORES, 4 OUTLETS, ALONG WITH 27 ATTENDED DONATION CENTERS THROUGH THE STATE OF COLORADO. OUR MISSION TO HELP PEOPLE ACHIEVE INDEPENDENCE IS EXPRESSED THROUGHOUT THE ORGANIZATION. APPROXIMATELY 75% OF THOSE EMPLOYED IN OUR STORES, ECOMMERCE, TRANSPORTATION, AND WAREHOUSE OPERATIONS HAVE MULTIPLE BARRIERS TO EMPLOYMENT. WE PROVIDE FOUNDATIONAL JOBS AND TRAIN THOSE EMPLOYEES IN SOFT JOB SKILLS AS WELL AS RETAIL, TRANSPORTATION, AND LOGISTIC KNOWLEDGE. SEE SCHEDULE O FOR CONTINUATION.
IN 2021, GOODWILL OF COLORADO, IN PARTNERSHIP WITH GOODWILL INDUSTRIAL SERVICES CORPORATION (EIN#84-1273701), PROVIDED MEANINGFUL AND GAINFUL EMPLOYMENT TO OVER 285 INDIVIDUALS WITH DEVELOPMENTAL AND ECONOMIC CHALLENGES THROUGH ITS SELF-SUSTAINING BUSINESS ENTERPRISES COMPRISED OF LAUNDRY, JANITORIAL, DOCUMENT IMAGING AND FLEET MAINTENANCE SERVICES. SEE SCHEDULE O FOR CONTINUATION.
IN 2021, GOODWILL OF COLORADO'S CAREER DEVELOPMENT CENTER PROVIDED JOB TRAINING AND CAREER SERVICES FOR OVER 18,600 UN-OR-UNDER EMPLOYED INDIVIDUALS THROUGHOUT THE COMMUNITY. THESE SERVICES INCLUDED JOB PREPARATION COURSES, WORK EXPERIENCE PROGRAMS AND PROFESSIONAL CERTIFICATION COURSES DIRECTED AT MAKING CAREER-CHALLENGED INDIVIDUALS' JOB-READY. IN PARTNERSHIP WITH COMMUNITY PARTNERS, GOODWILL OF COLORADO PLACED OVER 1300 JOB SEEKERS INTO EMPLOYMENT WITH NET ANNUAL IMPACT OF $10.7 MILLION AND OVERALL ECONOMIC IMPACT TOTALING $221.5 MILLION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karla Grazier President/ceo | OfficerTrustee | 39 | $481,257 |
Cooper Jr Tim A COO - Chief Oper. Officer | Officer | 39 | $228,342 |
Wildenberg Thomas R CFO | Officer | 39 | $213,124 |
Krug Denise A Vp, Wdcp | Officer | 39 | $201,679 |
Smith Gary R Vp, Hr, Contracts, Ci | Officer | 40 | $169,499 |
Molli Loretta A Vp, Strat. Plan. & Innov. | Officer | 40 | $167,348 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $3,065,294 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $88,833,700 |
| Noncash contributions included in lines 1a–1f | $73,629,437 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $91,898,994 |
| Total Program Service Revenue | $18,402,921 |
| Investment income | $43,881 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$191,157 |
| Net Gain/Loss on Asset Sales | -$178,099 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $56,601,166 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $166,583,403 |
| 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. | $1,765,256 |
| Compensation of current officers, directors, key employees. | $1,562,659 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $72,424,100 |
| Pension plan accruals and contributions | $866,370 |
| Other employee benefits | $5,192,833 |
| Payroll taxes | $7,101,710 |
| Fees for services: Management | $34,435 |
| Fees for services: Legal | $377,119 |
| Fees for services: Accounting | $60,929 |
| Fees for services: Lobbying | $24,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,525,469 |
| Advertising and promotion | $658,293 |
| Office expenses | $14,781,059 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,990,583 |
| Travel | $169,134 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $248,972 |
| Interest | $674,477 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,592,890 |
| Insurance | $1,607,647 |
| All other expenses | $874,811 |
| Total functional expenses | $132,388,110 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $116,932 |
| Savings and temporary cash investments | $80,853,878 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,516,502 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $8,795,827 |
| Prepaid expenses and deferred charges | $1,994,645 |
| Net Land, buildings, and equipment | $91,435,924 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,441,136 |
| Total assets | $192,154,844 |
| Accounts payable and accrued expenses | $17,303,176 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $33,147,548 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $10,739,933 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $61,190,657 |
| Net assets without donor restrictions | $130,173,731 |
| Net assets with donor restrictions | $790,456 |
| 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 | $192,154,844 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Goodwill Of Colorado has recieved totaling $5,623,352.
| Awarding Organization | Amount |
|---|---|
Energy Outreach Colorado Denver, CO PURPOSE: ENERGY ASSISTANCE | $4,125,089 |
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $1,319,197 |
Careerworks Inc Seattle, WA PURPOSE: BANKWORK$ | $30,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $25,100 |
Denver Foundation Denver, CO PURPOSE: GOODWILL OF COLORADO POSSIBILITIES PROGRAM | $25,000 |
Community First Foundation Arvada, CO PURPOSE: GENERAL PURPOSE | $23,936 |
Endowment Analysis
| Beg. Balance | $12,647,289 |
| Earnings | $1,682,038 |
| Ending Balance | $14,329,327 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Goodwill Industries Of Central Arizona Inc Phoenix, AZ | $119,083,911 | $248,256,348 |
Goodwill Of Colorado Colorado Springs, CO | $192,154,844 | $166,583,403 |
Goodwill Industries Of Denver Colorado Springs, CO | $41,514,636 | $66,786,496 |
Goodwill Industries Of Central Oklahoma Inc Oklahoma City, OK | $22,312,205 | $41,370,526 |
Goodwill Industries Of Southern Arizona Inc Tucson, AZ | $28,362,518 | $36,636,722 |
Goodwill Industries Inc Omaha, NE | $56,720,433 | $29,507,917 |
Goodwill Industries Of New Mexico Albuquerque, NM | $43,991,609 | $29,376,225 |
Goodwill Industries Of Tulsa Inc Tulsa, OK | $55,800,600 | $24,440,574 |
Goodwill Industries Of Kansas Inc Wichita, KS | $47,629,686 | $26,875,778 |
Goodwill Industries Of Greater Nebraska Inc Grand Island, NE | $23,720,104 | $21,067,980 |
Goodwill Industrial Services Corporation Colorado Springs, CO | $11,010,379 | $12,107,759 |
Goodwill Industries Of Southwest Oklahoma & North Texas Inc Lawton, OK | $9,378,467 | $6,704,041 |