Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $616,453

• 1f · All other contributions, gifts and grants

  $285,572

• 2a · Program service revenue: Thrift Stores Sales Donated Goods

  total $97,021,099 · related or exempt $97,021,099

• 2b · Program service revenue: Vocational Services

  total $532,476 · related or exempt $532,476

• 2f · All other program service revenue

  total $122,689 · related or exempt $122,689

• 3 · Investment income

  total $597,576 · excluded $597,576

• 6a · Gross rents

  real property $540,469

• 6b · Less rental expenses

  real property $139,222

• 6c · Rental income or loss

  real property $401,247

• 6d · Net rental income or loss

  total $401,247 · excluded $401,247

• 7a · Gross sales of assets other than inventory

  other assets $7,490

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

  other assets $0

• 7c · Gain or loss

  other assets $7,490

• 7d · Net gain or loss

  total $7,490 · excluded $7,490

• 10a · Gross sales of inventory

  $4,359,791

• 10b · Cost of goods sold

  $3,541,704

• 10c · Net income from sales of inventory

  total $818,087 · related or exempt $818,087

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $445,017 · program services $445,017

• 5 · Compensation of officers, directors and key employees

  total $2,286,593 · program services $1,028,967 · management and general $1,257,626

• 7 · Other salaries and wages

  total $50,377,567 · program services $46,824,796 · management and general $3,552,771

• 8 · Pension plan contributions

  total $152,197 · program services $76,631 · management and general $75,566

• 9 · Other employee benefits

  total $5,100,321 · program services $4,831,571 · management and general $268,750

• 10 · Payroll taxes

  total $4,476,094 · program services $4,173,991 · management and general $302,103

• 11g · Fees: other

  total $3,073,972 · program services $2,814,767 · management and general $259,205

• 12 · Advertising and promotion

  total $120,220 · program services $66,600 · management and general $53,620

• 13 · Office expenses

  total $4,768,897 · program services $4,591,151 · management and general $177,746

• 14 · Information technology

  total $785,971 · program services $583,462 · management and general $202,509

• 16 · Occupancy

  total $14,221,544 · program services $12,347,090 · management and general $1,874,454

• 17 · Travel

  total $776,264 · program services $737,990 · management and general $38,274

• 20 · Interest

  total $2,444,769 · program services $2,192,892 · management and general $251,877

• 21 · Payments to affiliates

  total $242,410 · program services $242,410

• 22 · Depreciation, depletion and amortization

  total $3,806,738 · program services $3,556,902 · management and general $249,836

• 23 · Insurance

  total $1,074,273 · program services $1,034,809 · management and general $39,464

• 24a · Other expenses: Maintenance

  total $5,415,047 · program services $5,308,367 · management and general $106,680

• 24b · Other expenses: Employee Expenses

  total $542,649 · program services $293,173 · management and general $249,476

• 24c · Other expenses: Taxes & Licenses

  total $437,530 · program services $399,158 · management and general $38,372

• 24d · Other expenses: Equipment & Fixtures

  total $227,945 · program services $176,906 · management and general $51,039

• 24e · All other expenses

  total $228,125 · program services $159,984 · management and general $68,141

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $12,263,388 · end of year $8,687,275

• 2 · Savings and temporary cash investments

  beginning of year $4,085,067 · end of year $14,460,812

• 4 · Accounts receivable

  beginning of year $5,793,925 · end of year $1,396,995

• 8 · Inventories for sale or use

  beginning of year $14,631,669 · end of year $14,988,244

• 9 · Prepaid expenses and deferred charges

  beginning of year $2,104,333 · end of year $1,845,876

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

  $76,271,025

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

  $27,716,676

• 10c · Land, buildings and equipment, net

  beginning of year $50,280,819 · end of year $48,554,349

• 14 · Intangible assets

  beginning of year $0 · end of year $262,139

• 15 · Other assets

  beginning of year $57,596,608 · end of year $44,093,165

• 17 · Accounts payable and accrued expenses

  beginning of year $11,046,254 · end of year $8,742,331

• 20 · Tax-exempt bond liabilities

  beginning of year $45,441,964 · end of year $44,372,099

• 25 · Other liabilities

  beginning of year $55,243,721 · end of year $46,752,009

• 27 · Net assets without donor restrictions

  beginning of year $35,023,870 · end of year $33,964,580

• 28 · Net assets with donor restrictions

  end of year $457,836

The filer's explanations (Part III)

Part I, Line 1a

Goodwill pays certain health and social club dues on behalf of the Chief Executive Officer. These memberships are not considered taxable income to the CEO because they are used strictly for business purposes, not personal benefit. The intent of these memberships is to build community relationships, strengthen awareness of the Goodwill mission, and create opportunities for partnerships that support workforce development and community impact. By participating in these settings, the CEO is able to represent Goodwill in professional and civic circles, foster connections with community leaders, and promote the organization's mission in ways that directly benefit the organization.

Part I, Lines 4a-b

Ken Gosney; Severance pay $100,259.62. Ken Gosney: 457(f) deferred payment $20,000.00.