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Nonprofiteer
← GOODWILL INDUSTRIES OF KENTUCKY INC

Form 990 for tax year 2022

Filed by GOODWILL INDUSTRIES OF KENTUCKY INC.

Totals

Total revenue
$113,975,000
Total expenses
$98,407,965
Contributions and grants received
$43,619,750
Grants paid
$4,878,642
Program service revenue
$68,752,007
Investment income
$1,415,084
Other revenue
$188,159
Total assets, end of year
$194,170,537
Total liabilities, end of year
$35,162,401
Net assets or fund balances, end of year
$159,008,136
Program services expenses (Part IX)
$86,879,407
Management and general expenses
$11,102,241
Fundraising expenses
$426,317
Program service expenses (Part III)
$86,879,407

Program services were 88.3% 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.

  • 1e · Government grants (contributions)

    $1,000,000

  • 1f · All other contributions, gifts and grants

    $42,619,750

  • 1g · Noncash contributions included above

    $33,644,113

  • 2a · Program service revenue: NET RETAIL STORES SALE

    total $57,659,061 · related or exempt $57,659,061

  • 2b · Program service revenue: WORKFORCE DEVELOPMENT

    total $8,823,181 · related or exempt $8,823,181

  • 2c · Program service revenue: CONTRACT REVENUE

    total $2,065,591 · related or exempt $2,065,591

  • 2d · Program service revenue: NET CAR SALES

    total $204,174 · related or exempt $204,174

  • 3 · Investment income

    total $1,057,295 · excluded $1,057,295

  • 6a · Gross rents

    real property $238,010

  • 6b · Less rental expenses

    real property $209,534

  • 6c · Rental income or loss

    real property $28,476

  • 6d · Net rental income or loss

    total $28,476 · excluded $28,476

  • 7a · Gross sales of assets other than inventory

    other assets $1,769,749

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

    other assets $1,411,960

  • 7c · Gain or loss

    other assets $357,789

  • 7d · Net gain or loss

    total $357,789 · excluded $357,789

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $159,683 · excluded $159,683

  • 11e · Other revenue, total

    $159,683

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,219,009 · program services $2,219,009

  • 2 · Grants to domestic individuals

    total $2,659,633 · program services $2,659,633

  • 5 · Compensation of officers, directors and key employees

    total $1,372,404 · management and general $1,263,082 · fundraising $109,322

  • 7 · Other salaries and wages

    total $51,443,863 · program services $46,651,694 · management and general $4,606,841 · fundraising $185,328

  • 8 · Pension plan contributions

    total $1,047,423 · program services $884,201 · management and general $156,769 · fundraising $6,453

  • 9 · Other employee benefits

    total $5,368,946 · program services $5,055,241 · management and general $283,724 · fundraising $29,981

  • 10 · Payroll taxes

    total $4,444,660 · program services $4,094,154 · management and general $336,178 · fundraising $14,328

  • 11b · Fees: legal

    total $28,496 · management and general $28,496

  • 11c · Fees: accounting

    total $68,606 · management and general $68,606

  • 11d · Fees: lobbying

    total $50,400 · management and general $50,400

  • 11f · Fees: investment management

    total $80,204 · management and general $80,204

  • 11g · Fees: other

    total $2,751,001 · program services $1,567,126 · management and general $1,183,107 · fundraising $768

  • 12 · Advertising and promotion

    total $1,329,406 · program services $653,891 · management and general $610,227 · fundraising $65,288

  • 13 · Office expenses

    total $3,929,616 · program services $3,763,442 · management and general $165,636 · fundraising $538

  • 14 · Information technology

    total $739,543 · program services $556,946 · management and general $181,209 · fundraising $1,388

  • 16 · Occupancy

    total $8,563,613 · program services $8,193,021 · management and general $370,592

  • 17 · Travel

    total $2,077,385 · program services $1,820,517 · management and general $252,938 · fundraising $3,930

  • 20 · Interest

    total $517,244 · program services $517,244

  • 22 · Depreciation, depletion and amortization

    total $4,476,045 · program services $4,207,538 · management and general $268,507

  • 24a · Other expenses: MISCELLANEOUS

    total $1,829,855 · program services $1,714,138 · management and general $115,011 · fundraising $706

  • 24b · Other expenses: EQUIPMENT RENTAL AND MA

    total $1,422,577 · program services $1,037,700 · management and general $380,377 · fundraising $4,500

  • 24c · Other expenses: SPECIFIC ASSISTANCE

    total $1,130,564 · program services $900,679 · management and general $229,026 · fundraising $859

  • 24d · Other expenses: AWARDS

    total $632,666 · program services $373,439 · management and general $257,209 · fundraising $2,018

  • 24e · All other expenses

    total $224,806 · program services $9,794 · management and general $214,102 · fundraising $910

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $13,036,673 · end of year $10,910,626

  • 2 · Savings and temporary cash investments

    beginning of year $2,847,757 · end of year $3,817,169

  • 3 · Pledges and grants receivable

    beginning of year $871,926 · end of year $4,878,632

  • 4 · Accounts receivable

    beginning of year $1,128,435 · end of year $378,661

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $26,351,368

  • 8 · Inventories for sale or use

    beginning of year $3,604,187 · end of year $3,979,777

  • 9 · Prepaid expenses and deferred charges

    beginning of year $592,566 · end of year $550,787

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

    $142,204,670

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

    $40,589,227

  • 10c · Land, buildings and equipment, net

    beginning of year $95,952,414 · end of year $101,615,443

  • 11 · Investments: publicly traded securities

    beginning of year $58,101,117 · end of year $35,021,785

  • 12 · Investments: other securities

    beginning of year $1,257,345 · end of year $172,133

  • 15 · Other assets

    beginning of year $701,867 · end of year $6,494,156

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,167,373 · end of year $9,623,839

  • 19 · Deferred revenue

    beginning of year $986,764 · end of year $1,263,515

  • 20 · Tax-exempt bond liabilities

    beginning of year $21,055,089 · end of year $19,319,233

  • 25 · Other liabilities

    beginning of year $552,552 · end of year $4,955,814

  • 27 · Net assets without donor restrictions

    beginning of year $147,898,212 · end of year $158,933,557

  • 28 · Net assets with donor restrictions

    beginning of year $434,297 · end of year $74,579

Mission and programs · 2022

Mission

GOODWILL'S MISSION IS TO HELP PEOPLE WITH DISABILITIES OR OTHER DISADVANTAGES ACHIEVE AND MAINTAIN EMPLOYMENT TO GAIN A BETTER QUALITY OF LIFE.

Activities or mission (Part I)

TO HELP PEOPLE WITH DISABILITIES OR OTHER DISADVANTAGES ACHIEVE AND MAINTAIN EMPLOYMENT TO GAIN A BETTER QUALITY OF LIFE THROUGH JOB CREATION, PLACEMENT, ADDRESSING BARRIERS TO EMPLOYMENT, AND OTHER TRAINING.

  • GOODWILL INDUSTRIES OF KENTUCKY, INC.'S RETAIL PROGRAM HELPS PEOPLE WITH DISABILITIES OR OTHER DISADVANTAGES OBTAIN AND MAINTAIN EMPLOYMENT AT ONE OF ITS 67 STORES THROUGHOUT KENTUCKY BY PROVIDING EMPLOYMENT, TRAINING OPPORTUNITIES, AND ACCESS TO PROGRAMS AND RESOURCES THAT ADDRESS BARRIERS TO EMPLOYMENT. THE STORES SELL A VARIETY OF MERCHANDISE (DONATED BY THE GENERAL PUBLIC) TO THE COMMUNITY AT DISCOUNTED PRICES TO CREATE JOBS, TO DIVERT ITEMS FROM LOCAL LANDFILLS, AND TO GENERATE FUNDING TO SUPPORT EMPLOYMENT COUNSELING, EDUCATIONAL PROGRAMS, JOB TRAINING SERVICES, AND OTHER BARRIER REDUCTION PROGRAMS. DURING 2022, 2,712 INDIVIDUALS WITH DISABILITIES OR OTHER DISADVANTAGES PARTICPATED IN THE RETAIL PROGRAM, AND THE PROGRAM PAID WAGES TO INDIVIDUALS WITH DISABILIITIES AND OTHER DISADVANTAGES TOTALING $22,934,626. ADDITIONALLY, OVER 50 MILLION POUNDS WERE DIVERTED FROM LANDFILLS.

    Expenses $62,424,673 · Revenue $57,863,235

  • GOODWILL INDUSTRIES OF KENTUCKY, INC.'S OPPORTUNITY CENTERS AND MISSION INTEGRATION SERVICES PROVIDE PATHWAYS TO IMPROVED JOB STATUS AND GREATER SELF-SUFFICIENCY FOR INDIVIDUALS FACING BARRIERS TO ACHIEVING OR MAINTAINING EMPLOYMENT SUCH AS THOSE WITH LIMITED EDUCATION, THOSE RECOVERING FROM ADDICTION, FORMER OFFENDERS RE-ENTERING SOCIETY FROM INCARCERATION, AT-RISK YOUTH, THE HOMELESS OR UNHOUSED, AND OTHERS EXPERIENCING CHRONIC POVERTY. THE 9 OPPORTUNITY CENTERS AND YOUNG ADULT OPPORTUNITY CENTER PROVIDE PERSONAL COUNSELING AND JOB COACHING, SKILLS TRAINING, ASSESSMENTS, JOB PLACEMENT AND RETENTION SERVICES, AND ACCESS TO ADDITIONAL BARRIER REDUCTION PROGRAMS AND COMMUNITY PARTNER RESOURCES. THESE PROGRAMS MADE 2,727 FULL TIME JOB PLACEMENTS (INCLUDING 767 INDIVIDUALS ACHIEVING IMPROVED JOB STATUS SUCH AS A PROMOTION, HIGHER PAY, OR INCREASED BENEFITS), AND 467 PART TIME JOB PLACEMENTS. THE PROGRAMS DELIVERED 17,762 SERVICES, INCLUDING 4,505 INDIVIDUALS RECEIVING SOFT SKILLS CERTIFICATES, 2,514 EXPUNGEMENTS, 955 FINANCIAL LITERACY CERTIFICATES, AND 294 INDIVIDUALS COMPLETING HIGHER EDUCATION OR OTHER RECOGNIZED CREDENTIAL.

    Expenses $18,498,558 · Grants $4,878,642 · Revenue $4,918,345

  • GOODWILL INDUSTRIES OF KENTUCKY, INC. SENIOR COMMUNITY EMPLOYMENT SERVICE PROGRAM (SCSEP) THROUGH A NATIONAL DEPARTMENT OF LABOR (DOL) GRANT IS DESIGNED TO LINK LOW-INCOME, OLDER WORKERS TO ON-THE-JOB TRAINING THAT CAN HELP THEM MOVE INTO PAID EMPLOYMENT. THROUGH SCSEP, GOODWILL MATCHES ELIGIBLE INDIVIDUALS AGE 55 AND OLDER WITH NONPROFITS OR PUBLIC AGENCIES FOR ON-THE-JOB TRAINING IN A PROFESSIONAL WORK ENVIRONMENT, PAID BY THE SCSEP PROGRAM. THE SCSEP PROGRAM SERVED 347 INDIVIDUALS, MADE 8 FULL-TIME JOB PLACEMENTS, 27 PART-TIME JOB PLACEMENTS, WHILE PAYING OVER $1,690,000 IN MISSION-RELATED WAGES.

    Expenses $2,340,103 · Revenue $2,304,551

  • GOODWILL INDUSTRIES OF KENTUCKY, INC. (GOODWILL) EMPLOYS PERSONS TO PROVIDE JANITORIAL AND CUSTODIAL SERVICES UNDER CONTRACTS. THESE SERVICES ARE PERFORMED WITH A WORKFORCE COMPRISED OF MORE THAN 85% OF PERSONS WITH SIGNIFICANT DISABILITIES. THIS PROGRAM IS CONSISTENT WITH GOODWILL'S MISSION. THESE CONTRACTS EMPLOYED 49 PERSONS, AND PAID $709,000 IN MISSION-RELATED WAGES.THE CARS TO WORK PROGRAM HELPS INDIVIDUALS OBTAIN AFFORDABLE TRANSPORTATION TO ACHIEVE AND MAINTAIN EMPLOYMENT. PARTICIPANTS RECEIVE FINANCIAL COUNSELING AND GUIDANCE TO HELP THEM PROPERLY BUDGET FOR AND MAINTAIN THEIR VEHICLE. UPON PROGRAM COMPLETION, PARTICIPANTS ARE ELIGIBLE FOR DOWN PAYMENT ASSISTANCE AND A LOAN THROUGH A DEALER PARTNER WHICH IS COLLATERALIZED BY GOODWILL. LOAN INTEREST IS REIMBURSED TO PARTICIPANTS SUCCESSFULLY MAKING ALL PAYMENTS AT THE END OF THE LOAN TERM. FAMILIES ARE ALSO ENRICHED BY ACCESS TO TRANSPORTATION AS CLIENTS' CHILDREN MAY BE ABLE TO PARTICIPATE IN AFTER-SCHOOL ACTIVITIES, PERHAPS FOR THE FIRST TIME. IN ADDITION, CLIENTS HAVE THE OPPORTUNITY TO BUILD THEIR CREDIT RATING AND IMPROVE THEIR CREDIT SCORE. DURING 2022, 115 VEHICLES AND $228,734 IN DOWN PAYMENT ASSISTANCE AND INTEREST PAYMENT REIMBURSEMENTS WERE PROVIDED. IN ADDITION TO VEHICLES, THE CARS TO WORK - LAST MILE TO WORK PROGRAM REPAIRS AND PROVIDES BICYCLES TO PARTICIPANTS WITH TRANSPORTATION BARRIERS. THE LAST MILE TO WORK PROGRAM PROVIDED 270 BICYCLES TO PARTICIPANTS. GOODWILL'S EXCEL CENTER IS A TUITION FREE HIGH SCHOOL THAT GIVES ADULTS AGES 18-64 A SECOND CHANCE TO EARN A HIGH SCHOOL DIPLOMA. THE EXCEL CENTER OFFERS SUPPORT SERVICES SUCH AS ON-SITE CHILD CARE, TRANSPORTATION ASSISTANCE, COLLEGE CREDIT, AND INDUSTRY-RECOGNIZED CERTIFICATION COURSES. THROUGH ACCESS TO ADDITIONAL GOODWILL PROGRAMS SUCH AS EMPLOYMENT AND DISABILITY SERVICES, A JUSTICE-INVOLVED REENTRY PROGRAM, AND SERVICES FOR FIRST-TIME MOTHERS, THE EXCEL CENTER IS ABLE TO HELP REMOVE BARRIERS TO EDUCATION AND EMPOWER INDIVIDUALS TO ACHIEVE THEIR GOALS.

    Expenses $3,616,073 · Revenue $3,665,876

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Nicholas Brake

    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

  • Greg Gerard

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Connie Harvey

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • John Hunter

    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

  • Jennifer Lindon

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Deb Murphy

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dwight Johnson

    BOARD MEMBER (PARTIAL YEAR)

    Total calculated
    $0
    Hours/week
    1

  • Ajay Gupta

    BOARD MEMBER (PARTIAL YEAR)

    Total calculated
    $0
    Hours/week
    1

  • Charles J Kane

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jason Groneck

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • Hugh Haydon

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Douglas Edwards

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • William Stout

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Amy Luttrell

    PRESIDENT & CEO

    Total calculated
    $476,853
    From this org
    $456,287
    From related orgs
    $0
    Other
    $20,566
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $374,086
    Bonus
    $82,201
    Other
    $0
    Deferred
    $14,500
    Nontaxable benefits
    $6,066
    Filer's total
    $476,853

  • Rena Sharpe

    CHIEF OPERATING OFFICER

    Total calculated
    $340,093
    From this org
    $319,433
    From related orgs
    $0
    Other
    $20,660
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $270,486
    Bonus
    $48,947
    Other
    $0
    Deferred
    $13,645
    Nontaxable benefits
    $7,015
    Filer's total
    $340,093

  • Mark Hohmann

    CHIEF FINANCIAL OFFICER

    Total calculated
    $283,744
    From this org
    $253,867
    From related orgs
    $0
    Other
    $29,877
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $212,838
    Bonus
    $41,029
    Other
    $0
    Deferred
    $10,242
    Nontaxable benefits
    $19,635
    Filer's total
    $283,744

  • Devone Holt

    CHIEF EXTERNAL AFFAIRS OFFICER

    Total calculated
    $236,483
    From this org
    $217,720
    From related orgs
    $0
    Other
    $18,763
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $185,867
    Bonus
    $31,853
    Other
    $0
    Deferred
    $11,027
    Nontaxable benefits
    $7,736
    Filer's total
    $236,483

  • Mark Daniel

    VICE-PRESIDENT RETAIL

    Total calculated
    $204,102
    From this org
    $188,832
    From related orgs
    $0
    Other
    $15,270
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $164,145
    Bonus
    $24,687
    Other
    $0
    Deferred
    $9,204
    Nontaxable benefits
    $6,066
    Filer's total
    $204,102

  • Paul Falkenstein

    DIRECTOR OF LOGISTICS AND TRANSPORTATION

    Total calculated
    $157,157
    From this org
    $136,986
    From related orgs
    $0
    Other
    $20,171
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $136,986
    Bonus
    $0
    Other
    $0
    Deferred
    $7,047
    Nontaxable benefits
    $13,124
    Filer's total
    $157,157

  • Lennea Wooten

    DIRECTOR MISSION INTEGRATION

    Total calculated
    $142,859
    From this org
    $123,309
    From related orgs
    $0
    Other
    $19,550
    Hours/week
    40

  • Andrew Wise

    DIRECTOR FINANCE & ACCOUTNING

    Total calculated
    $135,408
    From this org
    $123,181
    From related orgs
    $0
    Other
    $12,227
    Hours/week
    40

  • John Barnett

    DIRECTOR PROPERTY & FACILITIES

    Total calculated
    $141,779
    From this org
    $119,108
    From related orgs
    $0
    Other
    $22,671
    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

  • 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
2022
Filed
2 August 2023
IRS schema version
2022v5.0
Source object
202302309349300145

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