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Nonprofiteer
← GOODWILL KY SUPPORT CORPORATION

Form 990 for tax year 2024

Filed by GOODWILL KY SUPPORT CORPORATION.

Totals

Total revenue
$6,462,234
Total expenses
$1,695,032
Contributions and grants received
$6,072,195
Grants paid
$0
Program service revenue
$0
Investment income
$20,039
Other revenue
$370,000
Total assets, end of year
$42,958,698
Total liabilities, end of year
$36,215,012
Net assets or fund balances, end of year
$6,743,686
Program services expenses (Part IX)
$1,695,032
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$1,695,032

Program services were 100.0% 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.

  • 1d · Related organizations

    $6,072,195

  • 3 · Investment income

    total $20,039 · excluded $20,039

  • 6a · Gross rents

    real property $370,000

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $370,000

  • 6d · Net rental income or loss

    total $370,000 · excluded $370,000

Functional expenses

Part IX, the statement of functional expenses.

  • 20 · Interest

    total $532,019 · program services $532,019

  • 22 · Depreciation, depletion and amortization

    total $923,765 · program services $923,765

  • 24a · Other expenses: CDE FEES AND BANK FEES

    total $239,248 · program services $239,248

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,390,759 · end of year $1,151,892

  • 2 · Savings and temporary cash investments

    beginning of year $6,887,463 · end of year $2,109

  • 10a · Land, buildings and equipment: cost or other basis

    $42,728,462

  • 10b · Land, buildings and equipment: accumulated depreciation

    $923,765

  • 10c · Land, buildings and equipment, net

    beginning of year $36,276,694 · end of year $41,804,697

  • 23 · Secured mortgages and notes payable

    beginning of year $36,052,717 · end of year $36,215,012

  • 25 · Other liabilities

    beginning of year $6,525,715 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $1,976,484 · end of year $6,743,686

Mission and programs · 2024

Mission

GOODWILL KY SUPPORT CORPORATION, INC. IS A 501(C)(3) ORGANIZATION ESTABLISHED TO FACILITATE A NEW MARKETS TAX CREDIT FINANCING TRANSACTION TO PARTIALLY FUND THE CONSTRUCTION OF THE NORTON HEALTHCARE GOODWILL OPPORTUNITY CAMPUS.

  • GOODWILL KY SUPPORT CORPORATION, INC. IS A 501(C)(3) ORGANIZATION ESTABLISHED TO FACILITATE A NEW MARKETS TAX CREDIT FINANCING TRANSACTION TO PARTIALLY FUND THE CONSTRUCTION OF THE NORTON HEALTHCARE GOODWILL OPPORTUNITY CAMPUS.

    Expenses $1,695,032

As filed on the 2024 return.

Listed in Part VII

  • AMY LUTTRELL

    CHAIR

    Total calculated
    $451,340
    From this org
    $0
    From related orgs
    $430,806
    Other
    $20,534
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $384,419 related
    Bonus
    $0 + $46,387 related
    Other
    $0
    Deferred
    $0 + $14,500 related
    Nontaxable benefits
    $0 + $6,034 related
    Filer's total
    $0 + $451,340 related

  • MARK HOHMANN

    TREASURER

    Total calculated
    $306,120
    From this org
    $0
    From related orgs
    $275,563
    Other
    $30,557
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $244,032 related
    Bonus
    $0 + $31,531 related
    Other
    $0
    Deferred
    $0 + $13,883 related
    Nontaxable benefits
    $0 + $16,674 related
    Filer's total
    $0 + $306,120 related

  • EMILY LEDFORD LAWRENCE

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • DANIEL HALL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LINDA SCHOLLE COWAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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

  • 6b · Pay contingent on a related organization's net earnings

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 6
GOODWILL INDUSTRIES OF KENTUCKY, INC. HAS AN INCENTIVE COMPENSATION PLAN WHICH IS PART OF THE OVERALL COMPENSATION PROGRAM. THE GOAL OF THE PLAN IS TO FOCUS ECONOMIC INCENTIVES ON PROGRAM RESULTS AND THE AREAS IN WHICH GOODWILL OPERATES PROGRAMS. THE PLAN FOCUSES ON ACHIEVING THE ORGANIZATION'S MISSION AND THE ECONOMIC STABILITY OF THE COMPANY. PARTICIPANTS MAY EARN UP TO 20% ABOVE THEIR BASE PAY BY MEETING FIVE ESTABLISHED CRITERIA RELATED TO: AVERAGE PLACEMENT HOURLY WAGES, PLACEMENTS OF PERSONS WITH DISABILITIES OR OTHER DISADVANTAGES INTO HIGHER WAGE JOBS, AGENCY ECONOMIC STABILITY, THE DONATED GOODS PROGRAM SUCCESS, AND DEPARTMENT EXPENSE CONTROL. THE AGENCY ECONOMIC STABILITY AND DEPARTMENT EXPENSE CONTROL ENTAILS MEETING FISCAL BUDGET.

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

No itemized grants to organizations on this return.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
30 September 2025
IRS schema version
2024v5.2
Source object
202542799349300009

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