← GOODWILL INDUSTRIES OF CENTRAL OKLAHOMA INC

Form 990 for tax year 2023

Filed by GOODWILL INDUSTRIES OF CENTRAL OKLAHOMA INC.

Totals

Total revenue: $49,703,972
Total expenses: $45,025,939
Contributions and grants received: $46,395,383
Grants paid: $692
Program service revenue: $2,795,904
Investment income: $482,502
Other revenue: $30,183
Total assets, end of year: $64,114,805
Total liabilities, end of year: $37,391,165
Net assets or fund balances, end of year: $26,723,640
Program services expenses (Part IX): $38,397,468
Management and general expenses: $6,628,471
Fundraising expenses: $0
Program service expenses (Part III): $38,397,468

Program services were 85.3% 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.

1a · Federated campaigns

$6,892
1c · Fundraising events

$220,974
1e · Government grants (contributions)

$260,678
1f · All other contributions, gifts and grants

$45,906,839
1g · Noncash contributions included above

$45,726,937
2a · Program service revenue: CONTRACTS

total $2,749,870 · unrelated business $0 · excluded $0
2b · Program service revenue: CLASSROOM REVENUES

total $46,034 · unrelated business $0 · excluded $0
3 · Investment income

total $438,890 · unrelated business $0 · excluded $438,890
6a · Gross rents

real property $11,310
6c · Rental income or loss

real property $11,310
6d · Net rental income or loss

total $11,310 · excluded $11,310
7a · Gross sales of assets other than inventory

other assets $77,100
7b · Less cost or other basis and sales expenses

other assets $33,488
7c · Gain or loss

other assets $43,612
7d · Net gain or loss

total $43,612 · related or exempt $0 · unrelated business $0 · excluded $43,612
8a · Fundraising events: gross income

$13,450
8a · Fundraising events: contributions included on line 1c

$220,974
8b · Fundraising events: direct expenses

$52,380
8c · Net income from fundraising events

total -$38,930 · unrelated business $0 · excluded -$38,930
11a · Other revenue: MISCELLANEOUS

total $57,803 · related or exempt $57,803 · unrelated business $0 · excluded $0
11e · Other revenue, total

$57,803

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $692 · program services $692
5 · Compensation of officers, directors and key employees

total $970,461 · program services $317,777 · management and general $652,684 · fundraising $0
7 · Other salaries and wages

total $23,693,986 · program services $21,215,986 · management and general $2,478,000 · fundraising $0
8 · Pension plan contributions

total $294,883 · program services $231,406 · management and general $63,477 · fundraising $0
9 · Other employee benefits

total $2,322,952 · program services $2,024,814 · management and general $298,138 · fundraising $0
10 · Payroll taxes

total $1,958,237 · program services $1,731,080 · management and general $227,157 · fundraising $0
11b · Fees: legal

total $11,940 · program services $0 · management and general $11,940 · fundraising $0
11c · Fees: accounting

total $65,600 · program services $0 · management and general $65,600 · fundraising $0
11f · Fees: investment management

total $34,041 · program services $0 · management and general $34,041 · fundraising $0
11g · Fees: other

total $960,278 · program services $145,761 · management and general $814,517 · fundraising $0
12 · Advertising and promotion

total $222,723 · program services $76,506 · management and general $146,217 · fundraising $0
13 · Office expenses

total $535,058 · program services $377,510 · management and general $157,548 · fundraising $0
14 · Information technology

total $397,342 · program services $344,046 · management and general $53,296 · fundraising $0
16 · Occupancy

total $7,949,061 · program services $7,751,181 · management and general $197,880 · fundraising $0
17 · Travel

total $876,361 · program services $820,566 · management and general $55,795 · fundraising $0
20 · Interest

total $66,198 · program services $23,141 · management and general $43,057 · fundraising $0
21 · Payments to affiliates

total $202,458 · program services $0 · management and general $202,458 · fundraising $0
22 · Depreciation, depletion and amortization

total $1,537,411 · program services $965,748 · management and general $571,663 · fundraising $0
23 · Insurance

total $516,598 · program services $421,635 · management and general $94,963 · fundraising $0
24a · Other expenses: NON-CAPITALIZED EQUIPMENT

total $176,689 · program services $112,650 · management and general $64,039 · fundraising $0
24b · Other expenses: JANITORIAL AND RETAIL SUPPLIES

total $787,054 · program services $781,548 · management and general $5,506 · fundraising $0
24c · Other expenses: BANK CARD PROCESSING FEES

total $849,350 · program services $735,426 · management and general $113,924 · fundraising $0
24d · Other expenses: STAFF TRAINING AND DEVELOPMENT

total $74,095 · program services $8,161 · management and general $65,934 · fundraising $0
24e · All other expenses

total $522,471 · program services $311,834 · management and general $210,637 · fundraising $0

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $2,350,247 · end of year $3,318,277
2 · Savings and temporary cash investments

beginning of year $5,000,000 · end of year $3,624,001
3 · Pledges and grants receivable

beginning of year $12,000
4 · Accounts receivable

beginning of year $946,338 · end of year $1,153,722
8 · Inventories for sale or use

beginning of year $3,453,173 · end of year $3,706,873
9 · Prepaid expenses and deferred charges

beginning of year $249,542 · end of year $489,092
10a · Land, buildings and equipment: cost or other basis

$20,562,134
10b · Land, buildings and equipment: accumulated depreciation

$7,652,463
10c · Land, buildings and equipment, net

beginning of year $10,237,058 · end of year $12,909,671
11 · Investments: publicly traded securities

beginning of year $4,409,213 · end of year $6,788,881
15 · Other assets

beginning of year $34,949,798 · end of year $32,124,288
17 · Accounts payable and accrued expenses

beginning of year $1,806,866 · end of year $2,250,345
23 · Secured mortgages and notes payable

beginning of year $1,847,907 · end of year $1,612,087
25 · Other liabilities

beginning of year $36,423,111 · end of year $33,528,733
27 · Net assets without donor restrictions

beginning of year $21,240,385 · end of year $26,178,407
28 · Net assets with donor restrictions

beginning of year $289,100 · end of year $545,233

Mission and programs · 2023

Mission

WE HELP PEOPLE OVERCOME CHALLENGES TO EMPLOYMENT.

Activities or mission (Part I)

OUR MISSION IS TO HELP PEOPLE OVERCOME CHALLENGES TO EMPLOYMENT. THIS IS ACCOMPLISHED THROUGH THE OPERATION OF RETAIL STORES AND OFFERING A VARIETY OF PROGRAMS DESIGNED TO MAKE INDIVIDUALS MORE CAREER READY. WE ALSO OVERSEE PROGRAMS THAT WORK WITH LOCAL AREA BUSINESSES, PROVIDING VALUABLE SERVICES AND COMMUNITY IMPROVEMENTS.

GOODWILL OPERATES RETAIL STORES, ATTENDED DONATION CENTERS, EMPLOYMENT SERVICE CENTERS, AND OTHER FACILITIES ACROSS CENTRAL OKLAHOMA. THROUGH OUR DONATED GOODS RETAIL OPERATION,WE EMPLOYED OVER 1,500 EMPLOYEES DURING 2023. IN ADDITION TO TRADITIONAL RETAIL EMPLOYMENT OPPORTUNITIES, GOODWILL OPERATES VARIOUS TRAINING AND ON-THE-JOB PROGRAMS DESIGNED TO ASSIST INDIVIDUALS IN ACQUIRING JOB READINESS SKILLS AND CAREER ADVANCEMENT OPPORTUNITIES GEARED TOWARDS DEFINING AN EMPLOYEE'S CAREER GOALS. GOODWILL ALSO OFFERS AN EMPLOYEE RESOURCE PROGRAM, BEGIN-AT-HOME, FOR EMPLOYEES FACING BARRIERS SUCH AS FOOD INSECURITY, CHILDCARE, TRANSPORTATION AND HOUSING, AMONG OTHER ITEMS. _

Expenses $34,003,332
AS A FULL-SERVICE CONTRACTOR, GOODWILL HAS PROVIDED PROFESSIONAL JANITORIAL AND UNARMED SECURITY SERVICES FOR MORE THAN 20 YEARS TO LOCAL AGENCIES AND COMMERCIAL BUSINESSES IN CENTRAL OKLAHOMA. THROUGH THIS INITIATIVE, GOODWILL HAS EMPLOYED HUNDREDS OF EMPLOYEES OVER TWO DECADES, ADVANCING OUR MISSION THROUGH THE POWER OF WORK.

Expenses $3,073,290 · Revenue $2,749,870
OTHER PROGRAM SERVICE ACTIVITIES INCLUDE THE FOLLOWING: EMPLOYMENT SERVICE CENTERS: OUR EMPLOYMENT SERVICE CENTERS PROVIDE AN ARRAY OF EMPLOYMENT SERVICES DESIGNED TO HELP INDIVIDUALS OBTAIN WORK. SERVICES INCLUDE CAREER ASSESSMENTS, RESUME BUILDING, JOB FAIRS, INTERNET JOB SEARCHES AND PROFESSIONAL ETIQUETTE WORKSHOPS. IN ADDITION, EMPLOYMENT SPECIALISTS HELP INDIVIDUALS SECURE AND RETAIN EMPLOYMENT. CAREER PATHWAYS INSTITUTE: OUR GOODWILL CAREER PATHWAYS INSTITUTE IS THE TRAINING HUB FOR THE ORGANIZATION THAT OFFERS SKILLS-BASED TRAINING AND CERTIFICATE PROGRAMS TO ASSIST EMPLOYEES AND COMMUNITY CLIENTS WHO FACE A HIGH BARRIER TO EMPLOYMENT.

Expenses $1,320,846 · Grants $692 · Revenue $46,034

As filed on the 2023 return.

Listed in Part VII

Jim PriestJIM PRIEST

PRESIDENT AND CEO

Total calculated

$299,606

From this org

$276,607

From related orgs

$0

Other

$22,999

Hours/week

40

Schedule J breakdown matched by us

Base

$210,607

Bonus

$66,000

Other

$0

Deferred

$11,440

Nontaxable benefits

$11,559

Filer's total

$299,606
Traci MosesTRACI MOSES

EVP - CHIEF PEOPLE OFFICER

Total calculated

$208,196

From this org

$190,284

From related orgs

$0

Other

$17,912

Hours/week

40

Schedule J breakdown matched by us

Base

$154,370

Bonus

$35,914

Other

$0

Deferred

$7,977

Nontaxable benefits

$9,935

Filer's total

$208,196
Rick StasyszenRICK STASYSZEN

VP - FINANCE

Total calculated

$175,541

From this org

$152,709

From related orgs

$0

Other

$22,832

Hours/week

40

Schedule J breakdown matched by us

Base

$125,331

Bonus

$27,378

Other

$0

Deferred

$6,690

Nontaxable benefits

$16,142

Filer's total

$175,541
Frank HollandFRANK HOLLAND

EVP - CHIEF REVENUE OFFICER (thru 9/23)

Total calculated

$170,631

From this org

$162,907

From related orgs

$0

Other

$7,724

Hours/week

40

Schedule J breakdown matched by us

Base

$122,532

Bonus

$40,375

Other

$0

Deferred

$3,295

Nontaxable benefits

$4,429

Filer's total

$170,631
Lisa DillonLISA DILLON

VP - WORKFORCE DEVELOPMENT

Total calculated

$162,754

From this org

$150,575

From related orgs

$0

Other

$12,179

Hours/week

40

Schedule J breakdown matched by us

Base

$125,546

Bonus

$25,029

Other

$0

Deferred

$6,120

Nontaxable benefits

$6,059

Filer's total

$162,754
Chris BachmannCHRIS BACHMANN

VP - CONTRACT SERVICES

Total calculated

$153,528

From this org

$147,623

From related orgs

$0

Other

$5,905

Hours/week

40

Schedule J breakdown matched by us

Base

$123,323

Bonus

$24,300

Other

$0

Deferred

$5,905

Nontaxable benefits

$0

Filer's total

$153,528
James RoettgerJAMES ROETTGER

DIRECTOR - INFORMATION TECHNOLOGY

Total calculated

$153,007

From this org

$135,393

From related orgs

$0

Other

$17,614

Hours/week

40

Schedule J breakdown matched by us

Base

$116,643

Bonus

$18,750

Other

$0

Deferred

$1,472

Nontaxable benefits

$16,142

Filer's total

$153,007
Krishella DayKRISHELLA DAY

SENIOR HR DIRECTOR

Total calculated

$129,324

From this org

$122,626

From related orgs

$0

Other

$6,698

Hours/week

40
Melissa RicheyMELISSA RICHEY

VP - COMMUNITY ENGAGEMENT

Total calculated

$125,433

From this org

$113,024

From related orgs

$0

Other

$12,409

Hours/week

40
Dianne BeltzDIANNE BELTZ

DIRECTOR - DONATED GOODS & E-COMMERCE

Total calculated

$124,745

From this org

$121,105

From related orgs

$0

Other

$3,640

Hours/week

40
Steve ShepelwichSTEVE SHEPELWICH

CHAIR

Total calculated

$0

Hours/week

1
Lisa AllisonLISA ALLISON

PAST-CHAIR

Total calculated

$0

Hours/week

1
Emily ShuartEMILY SHUART

TREASURER / CHAIR-ELECT

Total calculated

$0

Hours/week

1
Connie McGoodwinCONNIE MCGOODWIN

SECRETARY

Total calculated

$0

Hours/week

1
Ann AckermanANN ACKERMAN

DIRECTOR

Total calculated

$0

Hours/week

1
Jessica Martinez BrooksJESSICA MARTINEZ BROOKS

DIRECTOR

Total calculated

$0

Hours/week

1
David BurrageDAVID BURRAGE

DIRECTOR

Total calculated

$0

Hours/week

1
Natalie CooperNATALIE COOPER

DIRECTOR

Total calculated

$0

Hours/week

1
Mick CornettMICK CORNETT

DIRECTOR

Total calculated

$0

Hours/week

1
Lorianne DenslowLORIANNE DENSLOW

DIRECTOR

Total calculated

$0

Hours/week

1
Don GableDON GABLE

DIRECTOR

Total calculated

$0

Hours/week

1
Jason GreenJASON GREEN

DIRECTOR

Total calculated

$0

Hours/week

1
George JohnsonGEORGE JOHNSON

DIRECTOR

Total calculated

$0

Hours/week

1
Amy Loftis-WaltonAMY LOFTIS-WALTON

DIRECTOR

Total calculated

$0

Hours/week

1
David MillerDAVID MILLER

DIRECTOR

Total calculated

$0

Hours/week

1
Don MorrisDON MORRIS

DIRECTOR

Total calculated

$0

Hours/week

1
Renee PorterRENEE PORTER

DIRECTOR

Total calculated

$0

Hours/week

1
Ashleigh RobinsonASHLEIGH ROBINSON

DIRECTOR

Total calculated

$0

Hours/week

1
Heath SatterrfieldHEATH SATTERRFIELD

DIRECTOR

Total calculated

$0

Hours/week

1
Jake TaylorJAKE TAYLOR

DIRECTOR

Total calculated

$0

Hours/week

1

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

6a · Pay contingent on this organization's net earnings

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
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: EXECUTIVE BONUSES ARE BASED ON NET EARNINGS IN ADDITION TO OTHER PREDETERMINED KPI'S. THE BONUS FORMULA APPROVED BY THE COMPENSATION COMMITTEE IS GENERALLY FIXED ALTHOUGH THEY DO RETAIN DISCRETION TO ADJUST THE FORMULATED BONUSES GIVEN UNIQUE CIRCUMSTANCES.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

GOODWILL ACCEPTS LLC

ADMINISTRATIVE · OK

Directly controlled by GOODWILL INDUSTRIES OF CENTRAL OKLAHOMA INC
GOODWILL SHOPS SOUTH LLC

ADMINISTRATIVE · OK

Directly controlled by GOODWILL INDUSTRIES OF CENTRAL OKLAHOMA INC
GOODWILL SHOPS NORTH LLC

ADMINISTATIVE · OK

Directly controlled by GOODWILL INDUSTRIES OF CENTRAL OKLAHOMA INC
GOODWILL SERVES LLC

ADMINISTRATIVE · OK

Directly controlled by GOODWILL INDUSTRIES OF CENTRAL OKLAHOMA INC

Provenance

Return type: form_990
Tax year: 2023
Filed: 5 June 2024
IRS schema version: 2023v5.0
Source object: 202441579349301579

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