Goodwill Industrial Services Corporation
- Assets
- $11.7m
- Revenue
- $12.2m
- Investments
- $0.0
- Employees
- 204
- Location
- Colorado Springs, CO
- Founding
- 09/1994
- Data as of
- 12/2023
- EIN
- 84-1273701
Organization Overview
Goodwill Industrial Services Corporation is located in Colorado Springs, CO. The organization was established in 1994. 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 Industrial Services Corporation employed 204 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Goodwill Industrial Services Corporation 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 12/2023, Goodwill Industrial Services Corporation generated $12.2m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $11.3m during the year ending 12/2023. While expenses have increased by 0.1% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
GOODWILL INDUSTRIAL SERVICES CORPORATION IS DEDICATED TO HELPING PEOPLE REACH THEIR HIGHEST LEVEL OF PERSONAL AND ECONOMIC INDEPENDENCE. SEE SCH. O FOR CONTINUATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2023, GOODWILL INDUSTRIAL SERVICES CORPORATION, IN PARTNERSHIP WITH GOODWILL OF COLORADO (EIN#84-0513404), PROVIDED MEANINGFUL AND GAINFUL EMPLOYMENT TO OVER 200 INDIVIDUALS WITH DEVELOPMENTAL AND ECONOMIC CHALLENGES THROUGH ITS SELF-SUSTAINING BUSINESS ENTERPRISES COMPRISED OF LAUNDRY, JANITORIAL, AND FLEET MAINTENANCE SERVICES FOR GOVERNMENT AGENCIES, ACADEMIC AND HEALTH CARE INSTITUTIONS, AND BUSINESSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karla Grazier - See Sch O Gisc Board Chair | OfficerTrustee | 39 | $0 |
Thomas Wildenberg - See Sch O Gisc Treasurer | OfficerTrustee | 39 | $0 |
Gary Smith - See Sch O Gisc President | OfficerTrustee | 39 | $0 |
Karen Gordon - See Sch O Gisc Secretary | OfficerTrustee | 39 | $0 |
Matt Gendron Member | Trustee | 1 | $0 |
Vicki Lovato Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nish Nish Commission | 12/30/16 | $347,966 |
Eldorado Cleaners Cleaners | 12/30/16 | $100,039 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $12,192,754 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $22,253 |
| 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 | $12,215,007 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,766,167 |
| Pension plan accruals and contributions | $36,234 |
| Other employee benefits | $1,160,112 |
| Payroll taxes | $712,432 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $703,787 |
| Advertising and promotion | $34,951 |
| Office expenses | $1,439,386 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $240,717 |
| Travel | $472,243 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,149 |
| Interest | $58,737 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $428,969 |
| Insurance | $90,356 |
| All other expenses | $0 |
| Total functional expenses | $11,261,708 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,692,534 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,616,600 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $4,376,666 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,685,800 |
| Accounts payable and accrued expenses | $443,764 |
| 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 | $2,053,750 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,833,031 |
| Total liabilities | $5,330,545 |
| Net assets without donor restrictions | $6,355,255 |
| 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 | $11,685,800 |