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Nonprofiteer
← GOODWILL INDUSTRIES OF KENTUCKY INC

Form 990 for tax year 2023

Filed by GOODWILL INDUSTRIES OF KENTUCKY INC.

Totals

Total revenue
$127,918,534
Total expenses
$112,568,441
Contributions and grants received
$47,536,296
Grants paid
$4,003,525
Program service revenue
$77,717,513
Investment income
$1,880,748
Other revenue
$783,977
Total assets, end of year
$216,149,239
Total liabilities, end of year
$38,024,228
Net assets or fund balances, end of year
$178,125,011
Program services expenses (Part IX)
$100,333,631
Management and general expenses
$11,853,565
Fundraising expenses
$381,245
Program service expenses (Part III)
$100,333,631

Program services were 89.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • JASON GRONECK

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • HUGH HAYDON

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • DOUGLAS EDWARDS

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • WILLIAM STOUT

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • NICHOLAS BRAKE

    BOARD MEMBER (THRU 8/15/23)

    Total calculated
    $0
    Hours/week
    1

  • CROSWELL CHAMBERS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BETH DAVISSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CHERIE FLUECK

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • GREG GERARD

    BOARD MEMBER (THRU 4/25/23)

    Total calculated
    $0
    Hours/week
    1

  • CONNIE HARVEY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JOHN HUNTER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CHARLES J KANE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • EMILY LAWRENCE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LLOYD LEDET

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JENNIFER LINDON

    BOARD MEMBER (THRU 5/19/23)

    Total calculated
    $0
    Hours/week
    1

  • DEB MURPHY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • AMY LUTTRELL

    PRESIDENT & CEO

    Total calculated
    $482,474
    From this org
    $462,127
    From related orgs
    $0
    Other
    $20,347
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $384,072
    Bonus
    $78,055
    Other
    $0
    Deferred
    $14,500
    Nontaxable benefits
    $5,847
    Filer's total
    $482,474

  • RENA SHARPE

    CHIEF OPERATING OFFICER

    Total calculated
    $347,604
    From this org
    $327,216
    From related orgs
    $0
    Other
    $20,388
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $279,850
    Bonus
    $47,366
    Other
    $0
    Deferred
    $14,134
    Nontaxable benefits
    $6,254
    Filer's total
    $347,604

  • MARK HOHMANN

    CHIEF FINANCIAL OFFICER

    Total calculated
    $288,275
    From this org
    $261,703
    From related orgs
    $0
    Other
    $26,572
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $221,279
    Bonus
    $40,424
    Other
    $0
    Deferred
    $10,392
    Nontaxable benefits
    $16,180
    Filer's total
    $288,275

  • DEVONE HOLT

    CHIEF EXTERNAL AFFAIRS OFFICER

    Total calculated
    $247,497
    From this org
    $231,162
    From related orgs
    $0
    Other
    $16,335
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $197,062
    Bonus
    $34,100
    Other
    $0
    Deferred
    $11,724
    Nontaxable benefits
    $4,611
    Filer's total
    $247,497

  • MARK DANIEL

    VICE PRESIDENT RETAIL

    Total calculated
    $216,372
    From this org
    $200,438
    From related orgs
    $0
    Other
    $15,934
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $174,838
    Bonus
    $25,600
    Other
    $0
    Deferred
    $10,087
    Nontaxable benefits
    $5,847
    Filer's total
    $216,372

  • JONATHAN ELLER

    VICE PRESIDENT PROPRTY & FACILITIES

    Total calculated
    $171,950
    From this org
    $166,502
    From related orgs
    $0
    Other
    $5,448
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $166,502
    Bonus
    $0
    Other
    $0
    Deferred
    $5,448
    Nontaxable benefits
    $0
    Filer's total
    $171,950

  • PAUL FALKENSTEIN

    DIRECTOR OF LOGISTICS AND TRANSPORTATION

    Total calculated
    $162,018
    From this org
    $143,524
    From related orgs
    $0
    Other
    $18,494
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $143,524
    Bonus
    $0
    Other
    $0
    Deferred
    $7,380
    Nontaxable benefits
    $11,114
    Filer's total
    $162,018

  • MARCIA MC CLENDON

    VICE PRESIDENT PEOPLE RESOURCES

    Total calculated
    $161,645
    From this org
    $154,296
    From related orgs
    $0
    Other
    $7,349
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $154,296
    Bonus
    $0
    Other
    $0
    Deferred
    $6,908
    Nontaxable benefits
    $441
    Filer's total
    $161,645

  • MARTHA STEPHENSON

    VICE PRESIDENT CAREER SERVICES

    Total calculated
    $147,961
    From this org
    $137,201
    From related orgs
    $0
    Other
    $10,760
    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

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 6a · Pay contingent on this 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
  • 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 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

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.

Provenance

Return type
form_990
Tax year
2023
Filed
11 July 2024
IRS schema version
2023v5.1
Source object
202402609349301055

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