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Nonprofiteer
← GOODWILL INDUSTRIES OF KENTUCKY INC

Form 990 for tax year 2024

Filed by GOODWILL INDUSTRIES OF KENTUCKY INC.

Totals

Total revenue
$138,259,072
Total expenses
$133,258,974
Contributions and grants received
$44,152,244
Grants paid
$10,583,174
Program service revenue
$90,532,512
Investment income
$2,804,662
Other revenue
$769,654
Total assets, end of year
$235,699,165
Total liabilities, end of year
$51,614,056
Net assets or fund balances, end of year
$184,085,109
Program services expenses (Part IX)
$120,267,796
Management and general expenses
$12,696,820
Fundraising expenses
$294,358
Program service expenses (Part III)
$120,267,796

Program services were 90.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • HUGH HAYDON

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • DEB MURPHY

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • DOUGLAS EDWARDS

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • JOHN HUNTER

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • JASON GRONECK

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CROSWELL CHAMBERS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BETH DAVISSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CHERIE FLUECK

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • RYAN QUARLES

    BOARD MEMBER (FROM 01/24)

    Total calculated
    $0
    Hours/week
    1

  • CONNIE HARVEY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • EMILY LAWRENCE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LLOYD LEDET

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CHARLES J KANE

    BOARD MEMBER (THRU 01/24)

    Total calculated
    $0
    Hours/week
    1

  • WILLIAM STOUT

    TREASURER (THRU 01/24)

    Total calculated
    $0
    Hours/week
    1

  • JENNIFER GREEN

    BOARD MEMBER (FROM 01/24)

    Total calculated
    $0
    Hours/week
    1

  • KATHRYN NASH

    BOARD MEMBER (FROM 04/24)

    Total calculated
    $0
    Hours/week
    1

  • STEPHEN BRANSCUM

    BOARD MEMBER (FROM 07/24)

    Total calculated
    $0
    Hours/week
    1

  • AMY LUTTRELL

    PRESIDENT & CEO

    Total calculated
    $451,340
    From this org
    $430,806
    From related orgs
    $0
    Other
    $20,534
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $384,419
    Bonus
    $46,387
    Other
    $0
    Deferred
    $14,500
    Nontaxable benefits
    $6,034
    Filer's total
    $451,340

  • RENA SHARPE

    CHIEF OPERATING OFFICER

    Total calculated
    $361,872
    From this org
    $340,904
    From related orgs
    $0
    Other
    $20,968
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $308,205
    Bonus
    $32,699
    Other
    $0
    Deferred
    $14,500
    Nontaxable benefits
    $6,468
    Filer's total
    $361,872

  • MARK HOHMANN

    CHIEF FINANCIAL OFFICER

    Total calculated
    $306,120
    From this org
    $275,563
    From related orgs
    $0
    Other
    $30,557
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $244,032
    Bonus
    $31,531
    Other
    $0
    Deferred
    $13,883
    Nontaxable benefits
    $16,674
    Filer's total
    $306,120

  • DEVONE HOLT

    CHIEF EXT AFFAIRS OFF (THRU 5/24)

    Total calculated
    $131,192
    From this org
    $122,982
    From related orgs
    $0
    Other
    $8,210
    Hours/week
    40

  • KEVIN SMITH

    CHIEF EXT AFFAIRS OFF (FROM 12/24)

    Total calculated
    $4,423
    From this org
    $4,423
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • MARK DANIEL

    VICE PRESIDENT RETAIL

    Total calculated
    $214,963
    From this org
    $198,929
    From related orgs
    $0
    Other
    $16,034
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $181,121
    Bonus
    $17,808
    Other
    $0
    Deferred
    $10,000
    Nontaxable benefits
    $6,034
    Filer's total
    $214,963

  • JONATHAN ELLER

    VICE PRESIDENT PROPRTY & F

    Total calculated
    $180,529
    From this org
    $171,940
    From related orgs
    $0
    Other
    $8,589
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $171,940
    Bonus
    $0
    Other
    $0
    Deferred
    $8,589
    Nontaxable benefits
    $0
    Filer's total
    $180,529

  • GAURI BHALERAO

    VICE PRESIDENT INFORMATION TECHNOLOGY

    Total calculated
    $224,242
    From this org
    $217,143
    From related orgs
    $0
    Other
    $7,099
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $217,143
    Bonus
    $0
    Other
    $0
    Deferred
    $7,099
    Nontaxable benefits
    $0
    Filer's total
    $224,242

  • MARCIA MC CLENDON

    VICE PRESIDENT PEOPLE RESO

    Total calculated
    $195,167
    From this org
    $183,396
    From related orgs
    $0
    Other
    $11,771
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $183,396
    Bonus
    $0
    Other
    $0
    Deferred
    $9,346
    Nontaxable benefits
    $2,425
    Filer's total
    $195,167

  • MARTHA STEPHENSON

    VICE PRESIDENT CAREER SERV

    Total calculated
    $191,597
    From this org
    $166,160
    From related orgs
    $0
    Other
    $25,437
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $160,280
    Bonus
    $5,880
    Other
    $0
    Deferred
    $8,763
    Nontaxable benefits
    $16,674
    Filer's total
    $191,597

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

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 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)

PART I, LINE 6
GOODWILL INDUSTRIES OF KENTUCKY, INC. HAS AN INCENTIVE COMPENSATION PLAN WHICH IS PART OF THE OVERALL COMPENSATION PROGRAM. THE GOAL OF THE PLAN IS TO FOCUS ECONOMIC INCENTIVES ON PROGRAM RESULTS AND THE AREAS IN WHICH GOODWILL OPERATES PROGRAMS. THE PLAN FOCUSES ON ACHIEVING THE ORGANIZATION'S MISSION AND THE ECONOMIC STABILITY OF THE COMPANY. PARTICIPANTS MAY EARN UP TO 20% ABOVE THEIR BASE PAY BY MEETING FIVE ESTABLISHED CRITERIA RELATED TO: AVERAGE PLACEMENT HOURLY WAGES, PLACEMENTS OF PERSONS WITH DISABILITIES OR OTHER DISADVANTAGES INTO HIGHER WAGE JOBS, AGENCY ECONOMIC STABILITY, THE DONATED GOODS PROGRAM SUCCESS, AND DEPARTMENT EXPENSE CONTROL. THE AGENCY ECONOMIC STABILITY AND DEPARTMENT EXPENSE CONTROL ENTAILS MEETING FISCAL BUDGET.

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

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.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
13 August 2025
IRS schema version
2024v5.2
Source object
202512269349302246

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