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Nonprofiteer
← GOODWILL VENTURES INC

Form 990 for tax year 2024

Filed by GOODWILL VENTURES INC.

Totals

Total revenue
$153,600
Total expenses
$659,474
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$153,600
Total assets, end of year
$7,421,803
Total liabilities, end of year
$8,789,784
Net assets or fund balances, end of year
-$1,367,981
Program services expenses (Part IX)
$659,474
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$659,474

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.

  • 6a · Gross rents

    real property $153,600

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $153,600

  • 6d · Net rental income or loss

    total $153,600 · related or exempt $153,600

Functional expenses

Part IX, the statement of functional expenses.

  • 13 · Office expenses

    total $22,672 · program services $22,672

  • 20 · Interest

    total $112,407 · program services $112,407

  • 22 · Depreciation, depletion and amortization

    total $524,395 · program services $524,395

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $421,024 · end of year $285,946

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

    $9,617,258

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

    $2,481,401

  • 10c · Land, buildings and equipment, net

    beginning of year $7,593,962 · end of year $7,135,857

  • 19 · Deferred revenue

    beginning of year $205,400 · end of year $51,800

  • 23 · Secured mortgages and notes payable

    beginning of year $8,671,693 · end of year $8,737,984

  • 27 · Net assets without donor restrictions

    beginning of year -$862,107 · end of year -$1,367,981

Mission and programs · 2024

Mission

NONE

Activities or mission (Part I)

THE CORPORATION IS ORGANIZED AND OPERATED EXCLUSIVELY FOR THE BENEFIT OF GOODWILL INDUSTRIES OF MICHIANA, INC.

  • THE SUPPORTING ORGANIZATION SOLELY EXISTS TO OWN PROPERTY AND FACILITATE A NEW MARKETS TAX CREDIT PROJECT ENTERED INTO BY THE SUPPORTED ORGANIZATION AND ITS AFFILIATE. THE SUPPORTING ORGANIZATION UTILIZES THE EMPLOYEES OF THE SUPPORTED ORGANIZATION AND DECISIONS FOR THE SUPPORTING ORGANIZATION ARE MADE SOLELY IN CONTEXT OF THE MISSION OF THE SUPPORTED ORGANIZATION. IF NOT FOR THE NEW MARKETS TAX CREDIT PROJECT, THE SUPPORTING ORGANIZATION WOULD NOT EXIST.

    Expenses $659,474

As filed on the 2024 return.

Listed in Part VII

  • JAMES CONKLIN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • PATRICK NOVITZKE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • ANDREW BURGGRAF

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • DEBIE COBLE

    BOARD MEMBER

    Total calculated
    $338,055
    From this org
    $0
    From related orgs
    $310,626
    Other
    $27,429
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $310,626 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $15,155 related
    Nontaxable benefits
    $0 + $12,274 related
    Filer's total
    $0 + $338,055 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

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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.

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202513189349311176

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