Goodwill Industries Of The Southern Piedmont Fdn
- Assets
- $6.1m
- Revenue
- $495.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- Data as of
- 12/2023
- EIN
- 87-1470065
Organization Overview
Goodwill Industries Of The Southern Piedmont Fdn is located in Charlotte, NC. According to its NTEE Classification (P11) the organization is classified as: Single Organization Support, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Goodwill Industries Of The Southern Piedmont Fdn 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 Industries Of The Southern Piedmont Fdn generated $495.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (65.7%) each year.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT GOODWILL INDUSTRIES OF THE SOUTHERN PIEDMONT, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION SUPPORTED GOODWILL INDUSTRIES OF THE SOUTHERN PIEDMONT, INC. THROUGH A GIFT. THIS GIFT WAS USED TO SUPPORT FOUR STRATEGIC INITIATIVES TO SCALE UP, ACCELERATE, AND EXPAND SERVICES AND SUPPORTS TO PROVIDE MORE EQUITABLE ACCESS TO SKILLS, CERTIFICATIONS, SOCIAL CAPITAL, AND EMPLOYERS TO BUILD PATHWAYS TO PROSPERITY FOR MORE INDIVIDUALS IN OUR REGION. THESE INVESTMENTS ALLOWED GOODWILL TO BUILD UPON THE IMMERSIVE MODEL WITH PARTICIPANTS, EMPLOYERS, AND OTHER STRATEGIC PARTNERS AND FURTHER ENHANCE THE SYMBIOTIC RELATIONSHIP BETWEEN THEIR RETAIL STORES, COMMUNITY-BASED PROGRAMS, AND OVERALL MISSION. IN ADDITION, CAPITAL INVESTMENTS TO SUPPORT NEW RETAIL STORES WILL ACCELERATE FUTURE GROWTH, EMPLOYMENT OPPORTUNITIES, AND FINANCIAL SUSTAINABILITY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sara Garces Roselli President | OfficerTrustee | 0.14 | $0 |
Tony Smith Secretary/treasurer | OfficerTrustee | 0.14 | $0 |
Jeff Alvino Director | Trustee | 0.14 | $0 |
David Haggart Director | Trustee | 0.14 | $0 |
Linda Lockman-Brooks Director | Trustee | 0.14 | $0 |
Anne Predieri Director | Trustee | 0.14 | $0 |
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 | $0 |
| Investment income | $219,202 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $275,950 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $495,152 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,000,000 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,175 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $73,141 |
| Fees for services: Other | $5,355 |
| Advertising and promotion | $0 |
| Office expenses | $801 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,093,472 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $57,514 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $6,023,591 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,081,105 |
| Accounts payable and accrued expenses | $16,380 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $16,380 |
| Net assets without donor restrictions | $6,064,725 |
| 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 | $6,081,105 |