Form 990 for tax year 2023

Filed by GOODWILL INDUSTRIES OF ARKANSAS INC.

Totals

Total revenue: $70,132,205
Total expenses: $71,035,526
Contributions and grants received: $67,308,388
Grants paid: $14,314,028
Program service revenue: $0
Investment income: $427,186
Other revenue: $2,396,631
Total assets, end of year: $75,271,739
Total liabilities, end of year: $22,301,566
Net assets or fund balances, end of year: $52,970,173
Program services expenses (Part IX): $63,763,102
Management and general expenses: $6,825,875
Fundraising expenses: $446,549
Program service expenses (Part III): $63,763,102

Program services were 89.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

1a · Federated campaigns

$0
1b · Membership dues

$0
1c · Fundraising events

$190,628
1d · Related organizations

$300,000
1e · Government grants (contributions)

$101,062
1f · All other contributions, gifts and grants

$66,716,698
1g · Noncash contributions included above

$66,006,449
2f · All other program service revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
3 · Investment income

total $328,998 · related or exempt $0 · unrelated business $0 · excluded $328,998
4 · Income from investment of tax-exempt bond proceeds

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
5 · Royalties

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
6a · Gross rents

real property $1,260,294 · personal property $0
6b · Less rental expenses

real property $0 · personal property $0
6c · Rental income or loss

real property $1,260,294 · personal property $0
6d · Net rental income or loss

total $1,260,294 · related or exempt $0 · unrelated business $0 · excluded $1,260,294
7a · Gross sales of assets other than inventory

securities $0 · other assets $225,018
7b · Less cost or other basis and sales expenses

securities $0 · other assets $126,830
7c · Gain or loss

securities $0 · other assets $98,188
7d · Net gain or loss

total $98,188 · related or exempt $0 · unrelated business $0 · excluded $98,188
8a · Fundraising events: gross income

$60,877
8a · Fundraising events: contributions included on line 1c

$190,628
8b · Fundraising events: direct expenses

$139,713
8c · Net income from fundraising events

total -$78,836 · unrelated business $0 · excluded -$78,836
9a · Gaming: gross income

$0
9b · Gaming: direct expenses

$0
9c · Net income from gaming

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
10a · Gross sales of inventory

$65,421,123
10b · Cost of goods sold

$65,421,123
10c · Net income from sales of inventory

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11a · Other revenue: MANAGEMENT FEE INCOME

total $816,575 · related or exempt $0 · unrelated business $0 · excluded $816,575
11b · Other revenue: INSURANCE PROCEEDS

total $100,000 · related or exempt $0 · unrelated business $0 · excluded $100,000
11c · Other revenue: WORKERS COMPENSATION REFUND

total $94,354 · related or exempt $0 · unrelated business $0 · excluded $94,354
11d · All other revenue

total $204,244 · related or exempt $0 · unrelated business $0 · excluded $204,244
11e · Other revenue, total

$1,215,173

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $14,314,028 · program services $14,314,028
5 · Compensation of officers, directors and key employees

total $1,349,168 · management and general $1,349,168
7 · Other salaries and wages

total $30,153,499 · program services $26,883,339 · management and general $2,977,451 · fundraising $292,709
8 · Pension plan contributions

total $838,554 · program services $754,941 · management and general $83,613
9 · Other employee benefits

total $2,074,012 · program services $1,844,311 · management and general $204,266 · fundraising $25,435
10 · Payroll taxes

total $2,371,902 · program services $2,115,784 · management and general $234,333 · fundraising $21,785
11b · Fees: legal

total $83,657 · program services $75,315 · management and general $8,342
11c · Fees: accounting

total $155,971 · program services $140,419 · management and general $15,552
11d · Fees: lobbying

total $90,000 · program services $81,026 · management and general $8,974
11g · Fees: other

total $821,053 · program services $738,611 · management and general $81,804 · fundraising $638
12 · Advertising and promotion

total $474,728 · program services $416,917 · management and general $46,175 · fundraising $11,636
13 · Office expenses

total $2,277,185 · program services $2,050,125 · management and general $227,060
14 · Information technology

total $403,375 · program services $363,154 · management and general $40,221
16 · Occupancy

total $7,371,386 · program services $6,635,874 · management and general $734,953 · fundraising $559
17 · Travel

total $268,123 · program services $239,026 · management and general $26,473 · fundraising $2,624
19 · Conferences, conventions and meetings

total $48,102 · program services $43,306 · management and general $4,796
20 · Interest

total $16,256 · program services $14,635 · management and general $1,621
22 · Depreciation, depletion and amortization

total $3,404,806 · program services $3,065,309 · management and general $339,497
23 · Insurance

total $989,334 · program services $890,686 · management and general $98,648
24a · Other expenses: SUPPLIES

total $1,726,750 · program services $1,554,574 · management and general $172,176
24b · Other expenses: REPAIRS & MAINTENANCE

total $952,581 · program services $857,598 · management and general $94,983
24c · Other expenses: DUES & SUBSCRIPTIONS

total $363,605 · program services $327,350 · management and general $36,255
24d · Other expenses: PROGRAM TRAINING

total $123,160 · program services $110,880 · management and general $12,280
24e · All other expenses

total $364,291 · program services $245,894 · management and general $27,234 · fundraising $91,163

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $1,666,985 · end of year $2,686,892
2 · Savings and temporary cash investments

beginning of year $12,337,444 · end of year $6,268,959
3 · Pledges and grants receivable

beginning of year $0 · end of year $0
4 · Accounts receivable

beginning of year $720,848 · end of year $214,889
5 · Loans and receivables from officers and key people

beginning of year $0 · end of year $0
6 · Loans and receivables from disqualified persons

beginning of year $0 · end of year $0
7 · Other notes and loans receivable

beginning of year $0 · end of year $0
8 · Inventories for sale or use

beginning of year $5,762,082 · end of year $6,381,315
9 · Prepaid expenses and deferred charges

beginning of year $533,907 · end of year $528,872
10a · Land, buildings and equipment: cost or other basis

$62,993,920
10b · Land, buildings and equipment: accumulated depreciation

$22,794,693
10c · Land, buildings and equipment, net

beginning of year $36,046,848 · end of year $40,199,227
11 · Investments: publicly traded securities

beginning of year $0 · end of year $0
12 · Investments: other securities

beginning of year $0
13 · Investments: program-related

beginning of year $0
14 · Intangible assets

beginning of year $650,000 · end of year $650,000
15 · Other assets

beginning of year $21,655,147 · end of year $18,341,585
17 · Accounts payable and accrued expenses

beginning of year $3,593,537 · end of year $3,573,897
18 · Grants payable

beginning of year $0 · end of year $0
19 · Deferred revenue

beginning of year $36,250 · end of year $48,250
20 · Tax-exempt bond liabilities

beginning of year $0 · end of year $0
21 · Escrow or custodial account liability

beginning of year $0 · end of year $0
22 · Loans and payables to officers and key people

beginning of year $0 · end of year $0
23 · Secured mortgages and notes payable

beginning of year $0 · end of year $0
24 · Unsecured notes and loans payable

beginning of year $417,849 · end of year $327,485
25 · Other liabilities

beginning of year $21,457,131 · end of year $18,351,934
27 · Net assets without donor restrictions

beginning of year $53,806,064 · end of year $52,970,173
28 · Net assets with donor restrictions

beginning of year $62,430 · end of year $0
29 · Capital stock, trust principal or current funds

beginning of year $0 · end of year $0
30 · Paid-in or capital surplus, or land, building or equipment fund

beginning of year $0 · end of year $0
31 · Retained earnings, endowment or other funds

beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

MISSION: CHANGING LIVES THROUGH EDUCATION, TRAINING AND EMPLOYMENT. VISION: PEOPLE IN THE COMMUNITIES WE SERVE WILL HAVE IMPROVED SKILLS THAT PROVIDE LONG-TERM EMPLOYMENT AND A BETTER STANDARD OF LIVING.

Activities or mission (Part I)

CHANGING LIVES THROUGH EDUCATION, TRAINING AND EMPLOYMENT.

Goodwill's mission is supported primarily by revenue from the sale of donated goods in 35 Arkansas locations. Thirty-three locations have onsite career specialists 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 2024 is $13.46. Goodwill is CARF-accredited and offers programs ranging from skills training to reentry and support services for job seekers. Our programs change the lives of thousands of Arkansans each year. Goodwill operates The Excel Center, a high school for adults looking to earn an accredited high school diploma, and a trade school that offers training to the public for in-demand, industry-recognized certifications.

Expenses $55,122,564 · Grants $13,880,108
Goodwill served 7,866 people and placed 697 people in employment. Our Career Services program offers free assistance to help build promising futures. Services are available in person or through our career portal. Goodwill has helped thousands of Arkansans find jobs. Our services include career assessment, career counseling and coaching, Career Readiness Certification, interview preparation, job readiness training, job search assistance, resume assistance, disability support services for employees, Books for Kids program, and community resource connections.

Expenses $6,113,916 · Grants $130,483
The Transitional Employment Opportunity (TEO) program offers job readiness training and job placement services to individuals re-entering the workforce and community after being justice-involved. Our staff understands the challenges these individuals face and offers a supportive environment. The TEO program is a 16-week paid job training program that includes job search assistance and leads, job readiness skills, Career Readiness Certification, resume building, access to community support services, and durable skills training.

Expenses $1,392,574 · Grants $126,062
The Academy at Goodwill, licensed by the Arkansas State Board of Private Career Education, provides training needed to secure new employment and career advancement. Each program offers opportunities for non-traditional students to earn industry-recognized credentials that lead directly to employment in jobs that pay a living wage. We offer accelerated and affordable programs in a variety of fields. Scholarships are available to individuals who meet certain requirements. In FY 2024, students of The Academy at Goodwill earned 1,037 certifications or credentials.

Expenses $1,134,048 · Grants $177,375

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

CARRIE HARPER SMITH

SECRETARY SINCE 01/01/2024

Total calculated

$0

Hours/week

1
CHARLES WELCH

SECRETARY THROUGH 12/31/2023

Total calculated

$0

Hours/week

1 + 1 related
ELIZABETH SMALL

VICE CHAIR SINCE 01/01/2024

Total calculated

$0

Hours/week

1
JAY MEADOR

TREASURER

Total calculated

$0

Hours/week

1
MIGUEL LOPEZ

CHAIRMAN SINCE 01/01/2024

Total calculated

$0

Hours/week

1 + 1 related
TROY WELLS

CHAIRMAN THROUGH 12/31/2023

Total calculated

$0

Hours/week

1 + 1 related
BRAD WALKER

DIRECTOR

Total calculated

$0

Hours/week

1
CHRIS AMSLER

DIRECTOR

Total calculated

$0

Hours/week

1 + 1 related
DANNY GAMES

DIRECTOR

Total calculated

$0

Hours/week

1
DENISE LUFT

DIRECTOR

Total calculated

$0

Hours/week

1
DOUGLAS JACKSON

DIRECTOR

Total calculated

$0

Hours/week

1 + 1 related
FRED PERKINS

DIRECTOR

Total calculated

$0

Hours/week

1 + 1 related
GARY STARK

DIRECTOR

Total calculated

$0

Hours/week

1 + 1 related
JAY STANLEY

DIRECTOR

Total calculated

$0

Hours/week

1
MARK MCCLELLAND

DIRECTOR

Total calculated

$0

Hours/week

1
MATUSHKA BRIGGS

DIRECTOR

Total calculated

$0

Hours/week

1
TED DARRAGH

DIRECTOR

Total calculated

$0

Hours/week

1
BRIAN F MARSH

PRESIDENT AND CEO

Total calculated

$543,805

From this org

$502,432

From related orgs

$0

Other

$41,373

Hours/week

50 + 2 related

Schedule J breakdown matched by us

Base

$371,641

Bonus

$125,000

Other

$5,791

Deferred

$19,800

Nontaxable benefits

$21,573

Filer's total

$543,805
EDIE STEWART

SR. VICE PRESIDENT & CHIEF MISSION OFFICER

Total calculated

$131,391

From this org

$130,288

From related orgs

$0

Other

$1,103

Hours/week

25 + 25 related
SYLVIA MURCHISON

SR. VICE PRESIDENT & CHIEF FINANCIAL OFFICER

Total calculated

$269,418

From this org

$247,001

From related orgs

$0

Other

$22,417

Hours/week

50 + 2 related

Schedule J breakdown matched by us

Base

$209,082

Bonus

$31,518

Other

$6,401

Deferred

$14,673

Nontaxable benefits

$7,744

Filer's total

$269,418
TRENT WUNSTEL

SR. VICE PRESIDENT & CHIEF OPERATING OFFICER

Total calculated

$254,131

From this org

$229,353

From related orgs

$0

Other

$24,778

Hours/week

50

Schedule J breakdown matched by us

Base

$195,597

Bonus

$29,775

Other

$3,981

Deferred

$12,029

Nontaxable benefits

$12,749

Filer's total

$254,131
CHAD ALBAUGH

VICE PRESIDENT, DONATED GOODS

Total calculated

$193,026

From this org

$167,759

From related orgs

$0

Other

$25,267

Hours/week

50

Schedule J breakdown matched by us

Base

$146,025

Bonus

$20,604

Other

$1,130

Deferred

$10,520

Nontaxable benefits

$14,747

Filer's total

$193,026
LENESHA JONES

SR. VICE PRESIDENT & CHIEF PEOPLE OFFICER

Total calculated

$191,940

From this org

$179,433

From related orgs

$0

Other

$12,507

Hours/week

50

Schedule J breakdown matched by us

Base

$152,848

Bonus

$23,250

Other

$3,335

Deferred

$10,603

Nontaxable benefits

$1,904

Filer's total

$191,940
SHANNON BOSHEARS

SR. VICE PRESIDENT OF DEVELOPMENT

Total calculated

$200,970

From this org

$181,371

From related orgs

$0

Other

$19,599

Hours/week

50 + 1 related

Schedule J breakdown matched by us

Base

$154,142

Bonus

$23,550

Other

$3,679

Deferred

$7,703

Nontaxable benefits

$11,896

Filer's total

$200,970
TAMMY WHEATON

VICE PRESIDENT, MISSION SERVICES

Total calculated

$129,867

From this org

$109,044

From related orgs

$0

Other

$20,823

Hours/week

50

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

1a · Tax indemnification and gross-up payments
1b · Written policy on the line-1a expenses
2 · Substantiation required before reimbursing expenses
3 · Compensation committee
3 · Independent compensation consultant
3 · Form 990 of other organizations
3 · Compensation survey or study
3 · Approval by the board or compensation committee

Answered no

4a · Severance or change-of-control payment
4b · Supplemental nonqualified retirement plan
4c · Equity-based compensation arrangement
5a · Pay contingent on this organization's revenues
5b · Pay contingent on a related organization's revenues
6a · Pay contingent on this organization's net earnings
6b · Pay contingent on a related organization's net earnings
7 · Other non-fixed payments
8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 1a Tax indemnification and gross-up payments: TAXABLE HOLIDAY GIFT FOR ALL ELIGIBLE EMPLOYEES. TAXABLE TRANSPORTATION FRINGE BENEFITS FOR BRIAN MARSH, INCLUDES VEHICLE ALLOWANCE OR PERSONAL MILEAGE OF COMPANY-OWNED VEHICLE. PAYMENT IS INCLUDED IN TAXABLE COMPENSATION.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

GOODWILL OF ARKANSAS FOUNDATION INC

$10,500,000

GENERAL SUPPORT
GOODWILL ARKANSAS EDUCATION INITIATIVES INC

$3,808,287

GENERAL SUPPORT

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

GOODWILL OF ARKANSAS FOUNDATION INC

501(c)(3) · SUPPORT · AR · controlled entity

Directly controlled by GOODWILL INDUSTRIES OF ARKANSAS INC
GOODWILL ARKANSAS EDUCATION INITIATIVES

501(c)(3) · SCHOOL · AR · controlled entity

Directly controlled by GOODWILL INDUSTRIES OF ARKANSAS INC

Provenance

Return type: form_990
Tax year: 2023
Filed: 29 April 2025
IRS schema version: 2023v6.0
Source object: 202511199349301956

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.