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Nonprofiteer
← MEMPHIS GOODWILL INDUSTRIES INC

Form 990 for tax year 2024

Filed by MEMPHIS GOODWILL INDUSTRIES INC.

Totals

Total revenue
$7,152,543
Total expenses
$5,570,743
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$7,152,407
Investment income
$0
Other revenue
$136
Total assets, end of year
$2,303,642
Total liabilities, end of year
$538,250
Net assets or fund balances, end of year
$1,765,392
Program services expenses (Part IX)
$5,570,743
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$5,570,743

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.

  • 2a · Program service revenue: CONTRACT SERVICES

    total $7,152,407 · related or exempt $7,152,407

  • 11a · Other revenue: OTHER INCOME

    total $136 · related or exempt $136

  • 11e · Other revenue, total

    $136

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $3,469,161 · program services $3,469,161

  • 9 · Other employee benefits

    total $934,421 · program services $934,421

  • 10 · Payroll taxes

    total $261,394 · program services $261,394

  • 11g · Fees: other

    total $47,704 · program services $47,704

  • 13 · Office expenses

    total $365,367 · program services $365,367

  • 16 · Occupancy

    total $457,150 · program services $457,150

  • 17 · Travel

    total $19,102 · program services $19,102

  • 22 · Depreciation, depletion and amortization

    total $8,126 · program services $8,126

  • 24a · Other expenses: EQUIPMENT RENTAL & MAIN

    total $2,966 · program services $2,966

  • 24b · Other expenses: MISCELLANEOUS

    total $2,958 · program services $2,958

  • 24c · Other expenses: BANK FEES

    total $2,362 · program services $2,362

  • 24d · Other expenses: POSTAGE

    total $32 · program services $32

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,056,369 · end of year $1,468,868

  • 4 · Accounts receivable

    beginning of year $597,170 · end of year $801,896

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

    $96,915

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

    $64,037

  • 10c · Land, buildings and equipment, net

    beginning of year $27,060 · end of year $32,878

  • 17 · Accounts payable and accrued expenses

    beginning of year $355,200 · end of year $538,250

  • 25 · Other liabilities

    beginning of year $271,006 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $1,054,393 · end of year $1,765,392

Mission and programs · 2024

Mission

BUILDING A BETTER COMMUNITY BY HELPING PERSONS WITH DISABILITIES AND DISADVANTAGES ACHIEVE AND MAINTAIN EMPLOYMENT FOR A BETTER QUALITY OF LIFE.

Activities or mission (Part I)

TO PROVIDE JOBS AND VOCATIONAL REHABILITATIVE SERVICES FOR DISABLED PERSONS THROUGH CONTRACTS WITH FEDERAL AND STATE GOVERNMENTS

  • CREATED EMPLOYMENT AND JOB TRAINING OPPORTUNITIES FOR PEOPLE WHO HAVE SIGNIFICANT DISABILITIES OR OTHER CHALLENGES TO EMPLOYMENT BY PROVIDING CONTRACT WORK FOR BUSINESS, FEDERAL, STATE AND LOCAL GOVERNMENT AND OTHER COMMUNITY PARTNERS. IN THE YEAR 2023, 66% OF OUR EMPLOYEES HAD SIGNIFICANT DISABILITIES AND OTHER BARRIERS TO EMPLOYMENT. THESE CONTRACTS OFFER OPPORTUNITIES IN A VARIETY OF WORK EXPERIENCE AND TRAINING ENVIRONMENTS, INCLUDING CUSTODIAL SERVICES, GROUNDSKEEPING, SWITCHBOARD OPERATIONS, JANITORIAL SERVICES AND LANDSCAPING SERVICES

    Expenses $5,570,743 · Revenue $7,152,543

As filed on the 2024 return.

Listed in Part VII

  • Tony Martini

    EX-OFFICIO DIRECTOR

    Total calculated
    $457,515
    From this org
    $0
    From related orgs
    $442,132
    Other
    $15,383
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $442,132 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $15,383 related
    Filer's total
    $0 + $457,515 related

  • Deacon Bill Davis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Brian Williams

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Macky Sneed

    TREASURER/SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Latisha Robertson

    VP OF CONTRACTS

    Total calculated
    $130,727
    From this org
    $123,135
    From related orgs
    $0
    Other
    $7,592
    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

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)

PART I, LINE 3
THIS FORM IS BEING FILED TO REPORT COMPENSATION FOR A RELATED PARTY CEO. HIS COMPENSATION IS DECIDED BY A COMPENSATION COMMITTEE.

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
7 August 2025
IRS schema version
2024v5.2
Source object
202542249349300124

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