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← GOODWILL INDUSTRIES OF THE SOUTHERN PIEDMONT FDN

Form 990 for tax year 2022

Filed by GOODWILL INDUSTRIES OF THE SOUTHERN PIEDMONT FDN.

Totals

Total revenue
$857,661
Total expenses
$3,548,570
Contributions and grants received
$1,000,000
Grants paid
$3,500,000
Program service revenue
$0
Investment income
-$142,339
Other revenue
$0
Total assets, end of year
$8,439,021
Total liabilities, end of year
$810
Net assets or fund balances, end of year
$8,438,211
Program services expenses (Part IX)
$3,500,000
Management and general expenses
$48,570
Fundraising expenses
$0
Program service expenses (Part III)
$3,500,000

Program services were 98.6% 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

    $1,000,000

  • 3 · Investment income

    total $247,816 · excluded $247,816

  • 7a · Gross sales of assets other than inventory

    securities $3,660,460

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

    securities $4,050,615

  • 7c · Gain or loss

    securities -$390,155

  • 7d · Net gain or loss

    total -$390,155 · excluded -$390,155

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,500,000 · program services $3,500,000

  • 11b · Fees: legal

    total $810 · management and general $810

  • 11c · Fees: accounting

    total $12,350 · management and general $12,350

  • 11f · Fees: investment management

    total $20,830 · management and general $20,830

  • 11g · Fees: other

    total $14,580 · management and general $14,580

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $48,070

  • 3 · Pledges and grants receivable

    end of year $1,000,000

  • 11 · Investments: publicly traded securities

    beginning of year $12,307,183 · end of year $7,390,951

  • 17 · Accounts payable and accrued expenses

    end of year $810

  • 27 · Net assets without donor restrictions

    beginning of year $12,307,183 · end of year $8,438,211

Mission and programs · 2022

Mission

THE GOODWILL INDUSTRIES OF THE SOUTHERN PIEDMONT FOUNDATION'S PURPOSE IS TO SUPPORT EFFORTS TO ADVANCE THE MISSION, STRATEGIC GOALS & FINANCIAL SUSTAINABILITY OF GOODWILL INDUSTRIES OF THE SOUTHERN PIEDMONT, INC.

Activities or mission (Part I)

SUPPORT GOODWILL INDUSTRIES OF THE SOUTHERN PIEDMONT, INC.

  • 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.

    Expenses $3,500,000 · Grants $3,500,000

As filed on the 2022 return.

Listed in Part VII

  • Sara Garces Roselli

    PRESIDENT

    Total calculated
    $0
    Hours/week
    6

  • Tony Smith

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    6

  • Jeff Alvino

    DIRECTOR

    Total calculated
    $0
    Hours/week
    6

  • David Haggart

    DIRECTOR

    Total calculated
    $0
    Hours/week
    6

  • Linda Lockman-Brooks

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Anne Predieri

    DIRECTOR

    Total calculated
    $0
    Hours/week
    6 + 0.6 related

  • Angie Vincent-Hamacher

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Christopher Jackson

    ASSISTANT SEC/TREASURER

    Total calculated
    $437,622
    From this org
    $0
    From related orgs
    $413,509
    Other
    $24,113
    Hours/week
    0.5 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $363,445 related
    Bonus
    $0 + $44,013 related
    Other
    $0 + $6,051 related
    Deferred
    $0 + $10,603 related
    Nontaxable benefits
    $0 + $13,510 related
    Filer's total
    $0 + $437,622 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

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

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
2022
Filed
27 July 2023
IRS schema version
2022v5.0
Source object
202312129349301401

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