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← GOODWILL INDUSTRIES OF CENTRAL FLORIDA INC

Form 990 for tax year 2024

Filed by GOODWILL INDUSTRIES OF CENTRAL FLORIDA INC.

Totals

Total revenue
$122,903,844
Total expenses
$97,203,569
Contributions and grants received
$116,686,983
Grants paid
$0
Program service revenue
$1,003,311
Investment income
$5,244,310
Other revenue
-$30,760
Total assets, end of year
$248,020,902
Total liabilities, end of year
$89,815,548
Net assets or fund balances, end of year
$158,205,354
Program services expenses (Part IX)
$85,934,837
Management and general expenses
$11,268,732
Fundraising expenses
$0
Program service expenses (Part III)
$85,934,837

Program services were 88.4% 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.

  • 1f · All other contributions, gifts and grants

    $116,686,983

  • 1g · Noncash contributions included above

    $115,006,594

  • 2a · Program service revenue: GOVERNMENTAL REVENUE

    total $526,114 · related or exempt $526,114

  • 2b · Program service revenue: VOCATIONAL REHAB

    total $287,171 · related or exempt $287,171

  • 2c · Program service revenue: MANAGEMENT FEES

    total $48,000 · related or exempt $48,000

  • 2d · Program service revenue: RENT REVENUE

    total $13,472 · related or exempt $13,472

  • 2f · All other program service revenue

    total $128,554 · related or exempt $128,554

  • 3 · Investment income

    total $3,325,479 · excluded $3,325,479

  • 7a · Gross sales of assets other than inventory

    securities $4,407 · other assets $6,588,275

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

    securities $0 · other assets $4,673,851

  • 7c · Gain or loss

    securities $4,407 · other assets $1,914,424

  • 7d · Net gain or loss

    total $1,918,831 · excluded $1,918,831

  • 10a · Gross sales of inventory

    $114,713,780

  • 10b · Cost of goods sold

    $114,744,540

  • 10c · Net income from sales of inventory

    total -$30,760 · related or exempt -$30,760

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $2,232,929 · program services $1,004,756 · management and general $1,228,173

  • 7 · Other salaries and wages

    total $50,490,267 · program services $46,610,172 · management and general $3,880,095

  • 9 · Other employee benefits

    total $7,816,771 · program services $6,264,519 · management and general $1,552,252

  • 10 · Payroll taxes

    total $3,904,897 · program services $3,563,546 · management and general $341,351

  • 11b · Fees: legal

    total $114,838 · program services $1,526 · management and general $113,312

  • 11c · Fees: accounting

    total $113,952 · management and general $113,952

  • 11f · Fees: investment management

    total $58,217 · management and general $58,217

  • 11g · Fees: other

    total $2,174,556 · program services $663,953 · management and general $1,510,603

  • 12 · Advertising and promotion

    total $162,014 · program services $48,322 · management and general $113,692

  • 13 · Office expenses

    total $42,861 · program services $30,762 · management and general $12,099

  • 16 · Occupancy

    total $16,292,254 · program services $15,780,019 · management and general $512,235

  • 17 · Travel

    total $275,312 · program services $197,086 · management and general $78,226

  • 22 · Depreciation, depletion and amortization

    total $5,249,674 · program services $4,973,315 · management and general $276,359

  • 24a · Other expenses: CREDIT CARDS FEES

    total $2,265,452 · program services $2,265,452

  • 24b · Other expenses: SUPPLIES

    total $1,899,393 · program services $1,899,393

  • 24c · Other expenses: AUTO & TRUCK

    total $1,812,303 · program services $1,682,408 · management and general $129,895

  • 24d · Other expenses: REPAIRS & MAINTENANCE

    total $453,603 · program services $453,603

  • 24e · All other expenses

    total $1,844,276 · program services $496,005 · management and general $1,348,271

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $72,114,775 · end of year $70,037,506

  • 4 · Accounts receivable

    beginning of year $116,031 · end of year $456,593

  • 7 · Other notes and loans receivable

    beginning of year $4,428,000 · end of year $22,268,031

  • 8 · Inventories for sale or use

    beginning of year $2,135,870 · end of year $2,397,924

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,324,586 · end of year $2,521,645

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

    $102,207,560

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

    $37,700,854

  • 10c · Land, buildings and equipment, net

    beginning of year $64,474,382 · end of year $64,506,706

  • 12 · Investments: other securities

    beginning of year $16,944,286 · end of year $25,844,719

  • 15 · Other assets

    beginning of year $38,356,182 · end of year $59,987,778

  • 17 · Accounts payable and accrued expenses

    beginning of year $504,965 · end of year $708,128

  • 19 · Deferred revenue

    beginning of year $54,493 · end of year $50,529

  • 20 · Tax-exempt bond liabilities

    beginning of year $21,967,770 · end of year $20,320,086

  • 25 · Other liabilities

    beginning of year $46,865,740 · end of year $68,736,805

  • 27 · Net assets without donor restrictions

    beginning of year $131,501,144 · end of year $158,205,354

Mission and programs · 2024

Mission

GOODWILL INDUSTRIES OF CENTRAL FLORIDA'S MISSION IS BUILDING LIVES THAT WORK. GICF ACHIEVES ITS MISSION THROUGH PROGRAMS INCLUDING THE PROSPERITY PLATFORM, GOODWILL SCHOLARS, GOODWILL CONNECTS, AND PAID ON THE JOB TRAINING FOR PEOPLE WITH DISABILITIES AND BARRIERS TO EMPLOYMENT.

Activities or mission (Part I)

GOODWILL INDUSTRIES OF CENTRAL FLORIDA, INC. IS A 501C3 THAT RESELLS DONATED GOODS TO FULFILL ITS MISSION OF BUILDING LIVES THAT WORK. GICF PROVIDES COMMUNITY MEMBERS AND 1400 EMPLOYEES WITH PROGRAMS THAT INCREASE ECONOMIC MOBILITY AND CAREER ADVANCEMENT. PROGRAMS OFFERED IN BREVARD, LAKE, ORANGE, OSCEOLA, VOLUSIA, AND SEMINOLE COUNTIES PROVIDE FINANCIAL COACHING, CAREER AND EDUCATION PLANNING, ON THE JOB TRAINING, SKILLS BUILDING, JOB PLACEMENT, RESOURCE CONNECTIVITY, AND POST-EMPLOYMENT SUPPORT.

  • THE DONATED GOODS RETAIL OPERATION OF GOODWILL INDUSTRIES OF CENTRAL FLORIDA RESULTED IN KEEPING OVER 24 MILLION POUNDS OF GOODS OUT OF LANDFILLS THROUGH RESELLING AND RECYCLING. OVER 1400 JOBS RESULT FROM DONATED GOODS RETAIL OPERATIONS, THESE JOBS GIVE PEOPLE ACCESS TO SKILLS TRAINING, EDUCATIONAL SCHOLARSHIPS, AND CAREER OPPORTUNITIES. PEOPLE WITH DISABILITIES AND BARRIERS TO EMPLOYMENT ARE ABLE TO GAIN ESSENTIAL EXPERIENCE AT OUR DGR RETAIL TRAINING CENTERSTHROUGH PAID ON THE JOB TRAINING PROGRAMS. IN 2024, 74 PEOPLE COMPLETED PAID ON THE JOB TRAINING.

    Expenses $85,390,825 · Revenue $685,380

  • WE BUILD LIVES THAT WORK THROUGH OUR DONATED GOODS RETAIL AND BY DELIVERING SERVICES TO COMMUNITY MEMBERS AND EMPLOYEES THAT INCREASE ECONOMIC MOBILITY AND CONNECT PEOPLE TO STABILITY RESOURCES. OUR PROSPERITY PLATFORM GIVES PEOPLE ONE TO ONE COACHING TO IMPROVE FINANCIAL, CAREER, AND EDUCATIONAL OUTCOMES. AMONG THE 254 PROSPERITY PLATFORM MEMBERS SERVED IN 2024, 72% SAW INCREASED ECONOMIC MOBILITY. 100% OF THE 1,817 PEOPLE SERVED BY GOODWILL CONNECTS WERE ABLE TO GAIN VALUABLE CONNECTIONS TO SUPPORTIVE SERVICES TO AVERT OR OVERCOME LIFE CRISES. IN PARTNERSHIP WITH VITA WE WERE ABLE TO ASSIST 309 PEOPLE WITH FREE INCOME TAX PREPARATION SERVICES. OUR EMPLOYMENT SPECIALISTS GUIDED 1,129 COMMUNITY MEMBERS IN RESUME CREATION, MOCK INTERVIEWING, AND JOB PLACEMENT ASSISTANCE. TOGETHER, THESE PROGRAMS CREATE A SUPPORTIVE WEB THAT EMPOWERS PEOPLE TO ACHIEVE THEIR LIFE GOALS WITH GUIDED ASSISTANCE AND ONE TO ONE COACHING.

    Expenses $544,012 · Revenue $287,171

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Brian Orth

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Scott Wall

    CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Edward J Durkee

    PRESIDENT & CEO

    Total calculated
    $680,653
    From this org
    $669,057
    From related orgs
    $0
    Other
    $11,596
    Hours/week
    40 + 5 related

    Schedule J breakdown matched by us

    Base
    $508,397
    Bonus
    $160,660
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $11,596
    Filer's total
    $680,653

  • Gary Blanchette

    CHAIR-ELECT

    Total calculated
    $0
    Hours/week
    1

  • George Hagerty

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Robert Rob Lowe

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bruce Matzner

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Jeremy S Sloane

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Mike Miller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ronald Nesbitt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Oluchi Chuku

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Raegan Le Douaron

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mario Fernandez

    CFO

    Total calculated
    $333,783
    From this org
    $322,220
    From related orgs
    $0
    Other
    $11,563
    Hours/week
    40 + 5 related

    Schedule J breakdown matched by us

    Base
    $304,562
    Bonus
    $17,658
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $11,563
    Filer's total
    $333,783

  • Erin Meche

    VP OF FINANCE

    Total calculated
    $47,361
    From this org
    $47,129
    From related orgs
    $0
    Other
    $232
    Hours/week
    40 + 5 related

  • Marcie Lushen

    CHIEF PEOPLE OFFICER

    Total calculated
    $190,224
    From this org
    $189,766
    From related orgs
    $0
    Other
    $458
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $165,666
    Bonus
    $24,100
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $458
    Filer's total
    $190,224

  • Lawrence W Gaboury

    VP, REAL ESTATE AND CONSTR

    Total calculated
    $198,461
    From this org
    $196,655
    From related orgs
    $0
    Other
    $1,806
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $187,805
    Bonus
    $8,850
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $1,806
    Filer's total
    $198,461

  • Laura E Sharp-Edge

    REGIONAL DIRECTOR, RETAIL AND DONATED GOODS

    Total calculated
    $196,909
    From this org
    $194,797
    From related orgs
    $0
    Other
    $2,112
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $194,697
    Bonus
    $100
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $2,112
    Filer's total
    $196,909

  • Curtis Ramsey

    VP OF ACCOUNTING

    Total calculated
    $239,331
    From this org
    $235,303
    From related orgs
    $0
    Other
    $4,028
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $216,063
    Bonus
    $19,240
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $4,028
    Filer's total
    $239,331

  • Shane W Philips

    REGIONAL DIRECTOR OF RETAIL AND DONATED GOODS

    Total calculated
    $205,061
    From this org
    $191,570
    From related orgs
    $0
    Other
    $13,491
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $186,393
    Bonus
    $5,177
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $13,491
    Filer's total
    $205,061

  • George Evans

    CHIEF OPERATING OFFICER

    Total calculated
    $188,859
    From this org
    $186,431
    From related orgs
    $0
    Other
    $2,428
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $186,431
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $2,428
    Filer's total
    $188,859

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 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 5a · Pay contingent on this organization's revenues
  • 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
  • 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 5
BONUSES FOR RETAIL STAFF ARE BASED ON LOCATION PERFORMANCE OVER BUDGETED REVENUE.
PART I, LINE 7
BONUSES FOR NON-RETAIL STAFF ARE BASED ON THE CEO'S SUBJECTIVE EVALUATION OF THEIR PERFORMANCE. BONUSES FOR THE CEO ARE BASED ON THE BOARD OF DIRECTORS' SUBJECTIVE EVALUATION OF HIS PERFORMANCE.

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.

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 REAL ESTATE LLC

    TO HOLD REAL ESTATE · FL · income $2,268,009 · assets $65,005,165

    Directly controlled by GOODWILL INDUSTRIES OF CENTRAL FLORIDA INC

Provenance

Return type
form_990
Tax year
2024
Filed
7 November 2025
IRS schema version
2024v5.2
Source object
202523149349302632

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