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Nonprofiteer
← GOODWILL MANUFACTURING INC

Form 990 for tax year 2025

Filed by GOODWILL MANUFACTURING INC.

Totals

Total revenue
$786,183
Total expenses
$780,537
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$801,908
Investment income
-$15,755
Other revenue
$30
Total assets, end of year
$297,192
Total liabilities, end of year
$40,634,501
Net assets or fund balances, end of year
-$40,337,309
Program services expenses (Part IX)
$745,605
Management and general expenses
$34,932
Fundraising expenses
$0
Program service expenses (Part III)
$745,605

Program services were 95.5% 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.

  • 2a · Program service revenue: RECYCLING PROGRAM REVENUE

    total $801,908 · related or exempt $801,908

  • 7a · Gross sales of assets other than inventory

    other assets $3,245

  • 7b · Less cost or other basis and sales expenses

    other assets $19,000

  • 7c · Gain or loss

    other assets -$15,755

  • 7d · Net gain or loss

    total -$15,755 · excluded -$15,755

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $30 · excluded $30

  • 11e · Other revenue, total

    $30

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $379,257 · program services $379,257

  • 8 · Pension plan contributions

    total $23,043 · program services $23,043

  • 9 · Other employee benefits

    total $88,162 · program services $88,162

  • 10 · Payroll taxes

    total $28,837 · program services $28,837

  • 11g · Fees: other

    total $109,218 · program services $109,218

  • 13 · Office expenses

    total $60,349 · program services $60,349

  • 16 · Occupancy

    total $55,536 · program services $55,536

  • 23 · Insurance

    total $1,203 · program services $1,203

  • 24a · Other expenses: ALLOCATED MANAGEMENT

    total $34,932 · management and general $34,932

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $379,299 · end of year $121,393

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $191,865 · end of year $97,791

  • 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 $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $393 · end of year $78,008

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

    $147,328

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

    $147,328

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $75,960 · end of year $143,774

  • 25 · Other liabilities

    beginning of year $40,838,552 · end of year $40,490,727

  • 27 · Net assets without donor restrictions

    beginning of year -$40,342,955 · end of year -$40,337,309

Mission and programs · 2025

Mission

GOODWILL MANUFACTURING, INC. ("GOODWILL MANUFACTURING") IS A NONSTOCK, NOT-FOR-PROFIT WISCONSIN CORPORATION, WHOSE SOLE MEMBER IS GOODWILL INDUSTRIES OF SOUTHEASTERN WISCONSIN, INC. ("GOODWILL"), A WISCONSIN NONSTOCK, NOT-FOR-PROFIT CORPORATION WITH (SEE SCHEDULE O)

Activities or mission (Part I)

CONNECTING PEOPLE TO WORK. PREPARING PEOPLE FOR LIFE.

  • GOODWILL MANUFACTURING OPERATIONS CREATES EMPLOYMENT OPPORTUNITIES FOR LOCAL RESIDENTS, MANY WITH DISABILITIES OR DISADVANTAGES.GOODWILL ALSO OPERATES A RECYCLING PROGRAM IN RACINE PROCESSING OVER 4,300 TONS OF MATERIAL. THE RECYCLING OPERATIONS PROVIDE WORK OPPORTUNITIES AND SKILL DEVELOPMENT FOR INDIVIDUALS WITH DISABILITIES AND DISADVANTAGES/OTHER BARRIERS TO EMPLOYMENT.

    Expenses $745,605 · Revenue $801,908

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Robert Klug

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Michelle Greene

    DIR. VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • James Borris

    TREASURER - AS OF 02/25

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Timothy Mattke

    TREASURER - THRU 02/25

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Thomas Savage

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Ike Umunnah

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Jacqueline Hallberg

    PRESIDENT & CEO

    Total calculated
    $1,250,045
    From this org
    $0
    From related orgs
    $849,830
    Other
    $400,215
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $586,537 related
    Bonus
    $0 + $108,958 related
    Other
    $0 + $154,335 related
    Deferred
    $0 + $390,108 related
    Nontaxable benefits
    $0 + $10,107 related
    Filer's total
    $0 + $1,250,045 related

  • Jeffrey Docalavich

    CFO/ASST. TREASURER

    Total calculated
    $777,870
    From this org
    $0
    From related orgs
    $525,572
    Other
    $252,298
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $389,805 related
    Bonus
    $0 + $62,764 related
    Other
    $0 + $73,003 related
    Deferred
    $0 + $238,281 related
    Nontaxable benefits
    $0 + $14,017 related
    Filer's total
    $0 + $777,870 related

  • Basil Buchko

    FORMER ASST. SECRETARY

    Total calculated
    $170,000
    From this org
    $0
    From related orgs
    $170,000
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $170,000 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $170,000 related

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

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 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)

PART I, LINE 3:
COMPENSATION DETERMINATION GOODWILL INDUSTRIES OF SOUTHEASTERN WISCONSIN, INC. AND AFFILIATES' ("GOODWILL") COMPENSATION PACKAGE INCLUDES A SALARY, DEFINED CONTRIBUTION PLAN AND HEALTH AND WELFARE BENEFITS. GOODWILL ENGAGED AN INDEPENDENT FIRM TO ASSESS REASONABLENESS OF ITS COMPENSATION PACKAGE FOR TOP MANAGEMENT POSITIONS. THE FIRM ASSESSED COMPENSATION USING SURVEY DATA REPRESENTING SIMILAR POSITIONS BASED ON INDUSTRY, REVENUE, NUMBER OF EMPLOYEES AND OTHER PEER GROUP DATA. THE REPORT WAS REVIEWED BY THE HUMAN RESOURCES AND COMPENSATION COMMITTEE ("COMMITTEE") OF THE BOARD OF DIRECTORS AND COMPENSATION FOR GOODWILL'S TOP MANAGEMENT POSITIONS APPROVED BY A COMMITTEE VOTE ON NOVEMBER 6, 2024. PART I, LINE 4A: SEVERANCE PAYMENT THE FOLLOWING INDIVIDUAL RECEIVED A SEVERANCE PAYMENT. THE SEVERANCE IS INCLUDED IN COMPENSATION IN SCHEDULE J, PART II, COLUMN (B)(III). BASIL BUCHKO $170,000
PART I, LINE 4B:
SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN EACH OF THE INDIVIDUALS LISTED BELOW HAD CONTRIBUTIONS OF THE AMOUNTS INDICATED BELOW INTO THEIR 457(F) PLAN IN CALENDAR YEAR 2025 WHICH IS REPORTED IN SCHEDULE J, PART II, COLUMN (C). JACQUELINE HALLBERG - $14,222

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
2025
Filed
22 June 2026
IRS schema version
2025v4.2
Source object
202621769349300102

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