Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: PARTICIPANT PRGM/SVCS

  total $3,819,068 · related or exempt $3,819,068

• 3 · Investment income

  total $1,555 · excluded $1,555

• 5 · Royalties

  total $24,003 · excluded $24,003

• 7a · Gross sales of assets other than inventory

  other assets $49,948

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

  other assets $760,417

• 7c · Gain or loss

  other assets -$710,469

• 7d · Net gain or loss

  total -$710,469 · excluded -$710,469

• 11a · Other revenue: MISCELLANEOUS REVENUE

  total $3,838 · excluded $3,838

• 11e · Other revenue, total

  $3,838

Functional expenses

Part IX, the statement of functional expenses.

• 7 · Other salaries and wages

  total $2,673,558 · program services $2,673,558

• 8 · Pension plan contributions

  total $132,611 · program services $132,611

• 9 · Other employee benefits

  total $441,120 · program services $441,120

• 10 · Payroll taxes

  total $184,253 · program services $184,253

• 11b · Fees: legal

  total $2,400 · program services $2,400

• 11g · Fees: other

  total $1,362,032 · program services $1,362,032

• 12 · Advertising and promotion

  total $325 · program services $325

• 13 · Office expenses

  total $677,427 · program services $677,427

• 14 · Information technology

  total $20,123 · program services $20,123

• 16 · Occupancy

  total $434,877 · program services $434,877

• 17 · Travel

  total $309,663 · program services $309,663

• 19 · Conferences, conventions and meetings

  total $27,359 · program services $27,359

• 20 · Interest

  total $1,306 · program services $1,306

• 22 · Depreciation, depletion and amortization

  total $257,440 · program services $257,440

• 23 · Insurance

  total $14,404 · program services $14,404

• 24a · Other expenses: ALLOCATED MANAGEMENT

  total $768,673 · management and general $768,673

• 24b · Other expenses: ALLOCATED OCCUPANCY

  total $637,931 · program services $637,931

• 24c · Other expenses: ELIM FOR INTCO EXP DEP

  total -$760,417 · program services -$760,417

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $0 · end of year $0

• 2 · Savings and temporary cash investments

  beginning of year $938,368 · end of year $1,284,289

• 3 · Pledges and grants receivable

  beginning of year $0 · end of year $0

• 4 · Accounts receivable

  beginning of year $508,294 · end of year $775,675

• 5 · Loans and receivables from officers and key people

  beginning of year $0 · end of year $0

• 6 · Loans and receivables from disqualified persons

  beginning of year $0 · end of year $0

• 7 · Other notes and loans receivable

  beginning of year $0 · end of year $0

• 8 · Inventories for sale or use

  beginning of year $0 · end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $785,664 · end of year $655,336

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

  $147,328

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

  $147,328

• 10c · Land, buildings and equipment, net

  beginning of year $810,612 · end of year $0

• 11 · Investments: publicly traded securities

  beginning of year $0 · end of year $0

• 12 · Investments: other securities

  beginning of year $0 · end of year $0

• 13 · Investments: program-related

  beginning of year $0 · end of year $0

• 14 · Intangible assets

  beginning of year $0 · end of year $0

• 15 · Other assets

  beginning of year $752,402 · end of year $0

• 17 · Accounts payable and accrued expenses

  beginning of year $1,442,777 · end of year $232,576

• 18 · Grants payable

  beginning of year $0 · end of year $0

• 19 · Deferred revenue

  beginning of year $0 · end of year $0

• 20 · Tax-exempt bond liabilities

  beginning of year $0 · end of year $0

• 21 · Escrow or custodial account liability

  beginning of year $0 · end of year $0

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 23 · Secured mortgages and notes payable

  beginning of year $0 · end of year $0

• 24 · Unsecured notes and loans payable

  beginning of year $0 · end of year $0

• 25 · Other liabilities

  beginning of year $26,995,197 · end of year $31,172,448

• 27 · Net assets without donor restrictions

  beginning of year -$24,642,634 · end of year -$28,689,724

The filer's explanations (Part III)

PART I, LINE 3:

COMPENSATION DETERMINATION GOODWILL INDUSTRIES OF SOUTHEASTERN WISCONSIN, INC. AND AFFILIATES' ("GOODWILL") COMPENSATION PACKAGE INCLUDES A SALARY, DEFINED CONTRIBUTION PLAN AND HEALTH AND WELFARE BENEFITS. GOODWILL ENGAGED AN INDEPENDENT FIRM TO ASSESS REASONABLENESS OF ITS COMPENSATION PACKAGE FOR TOP MANAGEMENT POSITIONS. THE FIRM ASSESSED COMPENSATION USING SURVEY DATA REPRESENTING SIMILAR POSITIONS BASED ON INDUSTRY, REVENUE, NUMBER OF EMPLOYEES AND OTHER PEER GROUP DATA. THE REPORT WAS REVIEWED BY THE HUMAN RESOURCES AND COMPENSATION COMMITTEE ("COMMITTEE") OF THE BOARD OF DIRECTORS AND COMPENSATION FOR GOODWILL'S TOP MANAGEMENT POSITIONS APPROVED BY A COMMITTEE VOTE. PART I, LINES 5A - B AND 6A - B LEADERSHIP INCENTIVE PLAN GOODWILL INDUSTRIES OF SOUTHEASTERN WISCONSIN, INC. AND AFFILIATES ("GOODWILL") PROVIDES AN INCENTIVE PLAN FOR CERTAIN MANAGEMENT PERSONNEL. THE PURPOSE OF GOODWILL'S LEADERSHIP INCENTIVE PLAN ("PLAN") IS TO MOTIVATE EXECUTIVES TO ACHIEVE MISSION-RELATED OBJECTIVES AND TO PRODUCE MEASURABLE FINANCIAL RESULTS, WHICH WILL ENHANCE GOODWILL'S LONG-TERM VALUE TO THE COMMUNITIES SERVED AND WILL PROMOTE THE FINANCIAL SECURITY AND STABILITY OF THE ORGANIZATION. THE PLAN INCLUDES FINANCIAL PERFORMANCE GOALS BASED ON REVENUE AND NET INCOME AND A MISSION-RELATED GOAL. THE PLAN IS ADMINISTERED BY GOODWILL'S PRESIDENT WITH REVIEW AND APPROVAL BY THE HUMAN RESOURCE AND COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS.