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Nonprofiteer
← GOODWILL EXCEL CENTER MIDSOUTH INC

Form 990 for tax year 2022

Filed by GOODWILL EXCEL CENTER MIDSOUTH INC.

What the amendment changed

Compared with the return it replaced , filed 10 May 2024. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total expenses
$4,223,076 changed to $4,233,127
Total assets, end of year
$7,750,930 changed to $7,752,551
Total liabilities, end of year
$4,354,709 changed to $4,366,381
Net assets or fund balances, end of year
$3,396,221 changed to $3,386,170
Program services expenses
$1,942,396 changed to $1,947,038
Management and general expenses
$2,280,680 changed to $2,286,089
Program service expenses (Part III)
$1,942,396 changed to $1,947,038

Totals

Total revenue
$4,676,773
Total expenses
$4,233,127
Contributions and grants received
$4,660,857
Grants paid
$0
Program service revenue
$0
Investment income
$75
Other revenue
$15,841
Total assets, end of year
$7,752,551
Total liabilities, end of year
$4,366,381
Net assets or fund balances, end of year
$3,386,170
Program services expenses (Part IX)
$1,947,038
Management and general expenses
$2,286,089
Fundraising expenses
$0
Program service expenses (Part III)
$1,947,038

Program services were 46.0% 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.

  • 1e · Government grants (contributions)

    $4,196,644

  • 1f · All other contributions, gifts and grants

    $464,213

  • 3 · Investment income

    total $75 · excluded $75

  • 11a · Other revenue: SALES OF MATERIALS & S

    total $15,841 · related or exempt $15,841

  • 11e · Other revenue, total

    $15,841

Functional expenses

Part IX, the statement of functional expenses.

  • 6 · Compensation of disqualified persons

    total $1,865,210 · program services $960,013 · management and general $905,197

  • 9 · Other employee benefits

    total $187,226 · program services $134,396 · management and general $52,830

  • 10 · Payroll taxes

    total $136,740 · program services $76,211 · management and general $60,529

  • 11a · Fees: management

    total $49,732 · management and general $49,732

  • 11b · Fees: legal

    total $105,046 · management and general $105,046

  • 11g · Fees: other

    total $777,906 · program services $62,222 · management and general $715,684

  • 12 · Advertising and promotion

    total $61,471 · management and general $61,471

  • 13 · Office expenses

    total $108,062 · program services $15,531 · management and general $92,531

  • 20 · Interest

    total $114,350 · program services $112,619 · management and general $1,731

  • 22 · Depreciation, depletion and amortization

    total $204,236 · program services $201,144 · management and general $3,092

  • 23 · Insurance

    total $44,924 · program services $8,687 · management and general $36,237

  • 24a · Other expenses: OTHER

    total $250,306 · program services $132,162 · management and general $118,144

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $108,760 · program services $107,113 · management and general $1,647

  • 24c · Other expenses: UTILITIES

    total $74,981 · program services $73,846 · management and general $1,135

  • 24d · Other expenses: TAXES AND LICENSES

    total $64,230 · management and general $64,230

  • 24e · All other expenses

    total $79,947 · program services $63,094 · management and general $16,853

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,856,085 · end of year $2,553,291

  • 2 · Savings and temporary cash investments

    end of year $555,000

  • 3 · Pledges and grants receivable

    beginning of year $713,853 · end of year $733,340

  • 4 · Accounts receivable

    beginning of year $768

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,643 · end of year $100,558

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

    $4,460,761

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

    $748,680

  • 10c · Land, buildings and equipment, net

    beginning of year $3,781,136 · end of year $3,712,081

  • 15 · Other assets

    beginning of year $0 · end of year $98,281

  • 17 · Accounts payable and accrued expenses

    beginning of year $282,490 · end of year $366,381

  • 23 · Secured mortgages and notes payable

    beginning of year $3,131,470 · end of year $4,000,000

  • 27 · Net assets without donor restrictions

    beginning of year $1,579,007 · end of year $2,652,830

  • 28 · Net assets with donor restrictions

    beginning of year $1,363,518 · end of year $733,340

Mission and programs · 2022

Mission

THE MISSION OF THE GOODWILL EXCEL CENTER MID-SOUTH IS TO PROVIDE ADULTS 18 AND OLDER THE OPPORTUNITY AND SUPPORT TO EARN A HIGH SCHOOL DIPLOMA AND BEGIN POST-SECONDARY EDUCATION WHILE DEVELOPING CAREER PATHS IN SECTORS OF THE LOCAL ECONOMY THAT OFFER BETTER-THAN-AVERAGE EMPLOYMENT AND GROWTH OPPORTUNITIES. THE SCHOOL WILL "MEET STUDENTS WHERE THEY ARE" IN THEIR EDUCATION BY PROVIDING A FLEXIBLE STRUCTURE AND SUPPORTIVE RELATIONSHIPS TO HELP THEM MANAGE WORK, LIFE, AND FAMILY CONCERNS AS THEY ACHIEVE THEIR EDUCATIONAL GOALS.

  • THE EXCEL CENTER WORKS WITH ADULTS 18 AND OLDER WHO WANT TO EARN A HIGH SCHOOL DIPLOMA. TRADITIONAL BARRIERS TO ACHIEVING A DIPLOMA INCLUDE: 1) CHILD CARE, 2) TRANSPORTATION AND RESOURCES TO ACCESS TRANSPORTATION AND 3) ECONOMIC, SOCIAL OR FAMILY ISSUES. THE EXCEL CENTER MODEL PROVIDES STUDENTS WITH UP TO 4 HOURS OF FREE CHILD CARE, BUS PASSES AND A LIFE COACH.

    Expenses $1,947,038

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Billy W Tedford Jr

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Macky Sneed

    INTERIM SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Austin Baker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Charles Gerber

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Dr Mary C McDonald

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Nick Scully

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Brian Williams

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Michael Robilio

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Dr Patrick Washington

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Brandon Tolbert

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Brian Miles

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Terri Landwehr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Amy Weirich

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Andy McClelland

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Tony Martini

    CEO AND DIRECTOR

    Total calculated
    $312,382
    From this org
    $0
    From related orgs
    $290,000
    Other
    $22,382
    Hours/week
    4

    Schedule J breakdown matched by us

    Base
    $0 + $290,000 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $22,382 related
    Filer's total
    $0 + $312,382 related

  • Charles Molinski

    VP CORP & COMM ENGAGEMENT

    Total calculated
    $101,925
    From this org
    $101,925
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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

None.

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

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • THOUSAND OAKS EXCEL CENTER LLC

    OPERATES A CHARTER SCHOOL · TN · income $4,197,177 · assets $5,241,942

    Directly controlled by GOODWILL EXCEL CENTER MIDSOUTH INC

Provenance

Return type
form_990
Tax year
2022
Filed
21 June 2024
IRS schema version
2022v5.0
Source object
202421779349301002

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