← GOODWILL INDUSTRIES OF SOUTHWEST OKLAHOMA & NORTH TEXAS INC

Form 990 for tax year 2022

Filed by GOODWILL INDUSTRIES OF SOUTHWEST OKLAHOMA & NORTH TEXAS INC.

Totals

Total revenue: $7,295,330
Total expenses: $7,966,154
Contributions and grants received: $6,544,212
Grants paid: $0
Program service revenue: $626,073
Investment income: $8,041
Other revenue: $117,004
Total assets, end of year: $11,230,163
Total liabilities, end of year: $7,058,723
Net assets or fund balances, end of year: $4,171,440
Program services expenses (Part IX): $6,332,987
Management and general expenses: $1,633,167
Fundraising expenses: $0
Program service expenses (Part III): $6,332,987

Program services were 79.5% 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.

1e · Government grants (contributions)

$1,080,220
1f · All other contributions, gifts and grants

$5,463,992
1g · Noncash contributions included above

$18,000
2a · Program service revenue: Adult Day Care

total $626,073 · unrelated business $0 · excluded $0
3 · Investment income

total $8,041 · unrelated business $0 · excluded $0
11a · Other revenue: OTHER REVENUE

total $117,004 · related or exempt $117,004 · unrelated business $0 · excluded $0
11e · Other revenue, total

$117,004

Functional expenses

Part IX, the statement of functional expenses.

5 · Compensation of officers, directors and key employees

total $185,345 · program services $0 · management and general $185,345 · fundraising $0
6 · Compensation of disqualified persons

total $3,315,837 · program services $2,559,731 · management and general $756,106 · fundraising $0
8 · Pension plan contributions

total $73,287 · program services $33,113 · management and general $40,174 · fundraising $0
9 · Other employee benefits

total $516,352 · program services $411,106 · management and general $105,246 · fundraising $0
10 · Payroll taxes

total $284,555 · program services $229,677 · management and general $54,878 · fundraising $0
16 · Occupancy

total $512,884 · program services $497,183 · management and general $15,701 · fundraising $0
20 · Interest

total $172,916 · program services $168,377 · management and general $4,539 · fundraising $0
22 · Depreciation, depletion and amortization

total $574,480 · program services $521,387 · management and general $53,093 · fundraising $0
23 · Insurance

total $351,364 · program services $336,917 · management and general $14,447 · fundraising $0
24a · Other expenses: Contracted Services

total $96,719 · program services $2,000 · management and general $94,719 · fundraising $0
24b · Other expenses: Supplies

total $363,451 · program services $358,757 · management and general $4,694 · fundraising $0
24c · Other expenses: Equipment Rental

total $89,587 · program services $80,938 · management and general $8,649 · fundraising $0
24d · Other expenses: Printing and Pubs.

total $93,691 · program services $56,951 · management and general $36,740 · fundraising $0
24e · All other expenses

total $1,335,686 · program services $1,076,850 · management and general $258,836 · fundraising $0

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $1,009,971 · end of year $1,040,149
2 · Savings and temporary cash investments

beginning of year $549,676
4 · Accounts receivable

beginning of year $142,012 · end of year $125,253
8 · Inventories for sale or use

beginning of year $317,865 · end of year $333,377
9 · Prepaid expenses and deferred charges

beginning of year $126,444 · end of year $152,560
10a · Land, buildings and equipment: cost or other basis

$14,081,673
10b · Land, buildings and equipment: accumulated depreciation

$6,530,650
10c · Land, buildings and equipment, net

beginning of year $7,204,155 · end of year $7,551,023
15 · Other assets

beginning of year $28,344 · end of year $2,027,801
17 · Accounts payable and accrued expenses

beginning of year $317,256 · end of year $430,569
19 · Deferred revenue

beginning of year $32,070 · end of year $53,395
23 · Secured mortgages and notes payable

beginning of year $3,969,670 · end of year $4,303,022
25 · Other liabilities

end of year $2,271,737
27 · Net assets without donor restrictions

beginning of year $5,059,471 · end of year $4,171,440

Mission and programs · 2022

Mission

Improvement in the quality of life for people with diabilities by providing rehabilitative services,training,placement, and employment for people with disabilities and other disadvantaged persons.

Retail sales of donated goods provides training and work experience opportunities for individuals with diaablilities and other disadvantage individuals.

Expenses $5,263,010 · Revenue $6,017,413
Adult day care program provides adult day care services.

Expenses $602,652 · Revenue $626,073
Activities at the Career Development Center provide training and rehabilitative services to individuals with developmental disabilities and assist in providing job placement opportunities in the community.

Expenses $467,325 · Revenue $516,840
Facililty-Based contracts program provides work adjustment training, skills training, and a sheltered work enviroment for diabled and disadvantaged individuals.

Revenue $7,160,325

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

Listed in Part VII

JIMMY CREWS

PRESIDENT CEO

Total calculated

$185,345

From this org

$185,345

From related orgs

$0

Other

$0

Hours/week

40

Schedule J breakdown matched by us

Base

$185,345 + $185,345 related

Bonus

$0

Other

$0

Deferred

$0

Nontaxable benefits

$0

Filer's total

$185,345 + $185,345 related
SHARON ROGERS

MEMBER

Total calculated

$0

Hours/week

5
KENDALL HURST

MEMBER

Total calculated

$0

Hours/week

5
ANGELA CHRISTIAN

MEMBER

Total calculated

$0

Hours/week

5
GEORGE PORTER

MEMBER

Total calculated

$0

Hours/week

5
JARROD MCLAUGHLIN

TREASURER

Total calculated

$0

Hours/week

5
JEFFERY SERIGHT

SECRETARY

Total calculated

$0

Hours/week

5
SHERI LEROUX

VICE CHAIR

Total calculated

$0

Hours/week

5
STEWART JOHNSON

CHAIRMAN

Total calculated

$0

Hours/week

5

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

The filer's explanations (Part III)

Pt I Line 6a: Incentive compensation based on net income in years which a net profit of at least $100,000 is reached and there is an increase in the amount of people served each year. Incentive is tiered in increments of $5,000 beginning with net income of $100,000 in increments of $50,000.

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.

Provenance

Return type: form_990
Tax year: 2022
Filed: 11 October 2023
IRS schema version: 2022v5.0
Source object: 202342849349301779

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