Form 990 for tax year 2025
Filed by GOODWILL INDUSTRIES OF THE CHESAPEAKE INC.
Totals
- Total revenue
- $109,684,621
- Total expenses
- $108,839,075
- Contributions and grants received
- $44,561,088
- Grants paid
- $5,190
- Program service revenue
- $64,170,698
- Investment income
- $782,895
- Other revenue
- $169,940
- Total assets, end of year
- $119,753,756
- Total liabilities, end of year
- $54,198,135
- Net assets or fund balances, end of year
- $65,555,621
- Program services expenses (Part IX)
- $101,842,790
- Management and general expenses
- $6,755,643
- Fundraising expenses
- $240,642
- Program service expenses (Part III)
- $101,842,790
Program services were 93.6% 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
$44,561,088
-
1g · Noncash contributions included above
$44,003,625
-
2a · Program service revenue: DONATED GOODS-SALES
total $46,316,698 · related or exempt $46,316,698
-
2b · Program service revenue: CONTRACTED SERVICES
total $13,031,355 · related or exempt $13,031,355
-
2c · Program service revenue: CAREER DEVELOPMENT
total $4,822,645 · related or exempt $4,822,645
-
3 · Investment income
total $1,283,930 · excluded $1,283,930
-
7a · Gross sales of assets other than inventory
securities $7,947,042
-
7b · Less cost or other basis and sales expenses
securities $8,448,077
-
7c · Gain or loss
securities -$501,035
-
7d · Net gain or loss
total -$501,035 · excluded -$501,035
-
11a · Other revenue: MISCELLANEOUS
total $169,940 · excluded $169,940
-
11e · Other revenue, total
$169,940
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $5,190 · program services $5,190
-
5 · Compensation of officers, directors and key employees
total $2,315,671 · program services $2,062,853 · management and general $246,683 · fundraising $6,135
-
7 · Other salaries and wages
total $28,916,378 · program services $25,739,891 · management and general $3,098,411 · fundraising $78,076
-
8 · Pension plan contributions
total $425,269 · program services $381,105 · management and general $43,206 · fundraising $958
-
9 · Other employee benefits
total $3,930,122 · program services $3,521,989 · management and general $399,284 · fundraising $8,849
-
10 · Payroll taxes
total $2,342,987 · program services $2,144,222 · management and general $192,633 · fundraising $6,132
-
11b · Fees: legal
total $46,138 · program services $32,484 · management and general $13,593 · fundraising $61
-
11c · Fees: accounting
total $70,526 · program services $49,655 · management and general $20,778 · fundraising $93
-
11d · Fees: lobbying
total $36,200 · program services $36,200
-
11f · Fees: investment management
total $126,054 · management and general $126,054
-
11g · Fees: other
total $2,088,717 · program services $1,459,868 · management and general $626,044 · fundraising $2,805
-
12 · Advertising and promotion
total $936,815 · program services $231,751 · management and general $625,768 · fundraising $79,296
-
13 · Office expenses
total $2,635,492 · program services $2,452,898 · management and general $125,230 · fundraising $57,364
-
16 · Occupancy
total $12,319,248 · program services $11,808,107 · management and general $511,141
-
17 · Travel
total $854,636 · program services $759,713 · management and general $94,923
-
20 · Interest
total $740,664 · program services $740,664
-
22 · Depreciation, depletion and amortization
total $2,395,084 · program services $2,114,600 · management and general $280,484
-
24a · Other expenses: COST OF GOODS SOLD
total $45,356,934 · program services $45,356,934
-
24b · Other expenses: SERVICE CHARGE
total $2,663,358 · program services $2,557,044 · management and general $105,441 · fundraising $873
-
24c · Other expenses: EQUIPMENT MAINTENANCE
total $391,117 · program services $346,998 · management and general $44,119
-
24d · Other expenses: DUES
total $237,996 · program services $40,537 · management and general $197,459
-
24e · All other expenses
total $4,479 · program services $87 · management and general $4,392
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $43,169 · end of year $23,900
-
2 · Savings and temporary cash investments
beginning of year $4,368,933 · end of year $6,618,843
-
4 · Accounts receivable
beginning of year $3,709,975 · end of year $4,275,020
-
8 · Inventories for sale or use
beginning of year $107,947 · end of year $92,272
-
9 · Prepaid expenses and deferred charges
beginning of year $158,686 · end of year $213,757
-
10a · Land, buildings and equipment: cost or other basis
$56,390,934
-
10b · Land, buildings and equipment: accumulated depreciation
$18,268,064
-
10c · Land, buildings and equipment, net
beginning of year $33,294,417 · end of year $38,122,870
-
11 · Investments: publicly traded securities
beginning of year $34,742,500 · end of year $37,959,263
-
15 · Other assets
beginning of year $36,977,105 · end of year $32,447,831
-
17 · Accounts payable and accrued expenses
beginning of year $5,069,136 · end of year $5,901,040
-
23 · Secured mortgages and notes payable
beginning of year $8,369,248 · end of year $13,925,338
-
25 · Other liabilities
beginning of year $38,845,912 · end of year $34,371,757
-
27 · Net assets without donor restrictions
beginning of year $60,515,052 · end of year $64,879,626
-
28 · Net assets with donor restrictions
beginning of year $603,384 · end of year $675,995
Mission and programs · 2025
Mission
GOODWILL INDUSTRIES OF THE CHESAPEAKE, INC. PREPARES PEOPLE TO SECURE AND RETAIN EMPLOYMENT AND BUILD SUCCESSFUL, INDEPENDENT LIVES.
Activities or mission (Part I)
WORKFORCE DEVELOPMENT AND OTHER SOCIAL SERVICES FOR PEOPLE WITH PHYSICAL, MENTAL, OR OTHER BARRIERS TO SELF-SUSTAINING EMPLOYMENT.
-
REVENUE GENERATED FROM OUR VARIOUS BUSINESS FUNCTIONS IS USED TO SUPPORT OUR MISSION AND COVER THE COSTS OF OPERATING THE BUSINESSES. DURING 2025, 88,635 SERVICES WERE PROVIDED TO INDIVIDUALS WITH PHYSICAL, MENTAL, OR OTHER SOCIAL BARRIERS TO EMPLOYMENT THROUGH THE ORGANIZATION'S WORKFORCE DEVELOPMENT PROGRAMS. THESE SERVICES INCLUDED PLACING 916 PEOPLE INTO PERMANENT AND TEMPORARY POSITIONS. WE COLLECT USABLE ITEMS FOR RESALE IN OUR RETAIL STORES AND TRAIN PEOPLE FOR WORK THROUGH TRANSITIONAL EMPLOYMENT, EXTENDED TRAINING, AND OTHER SUPPORTING SERVICES. WE ALSO PROVIDE WORK AND TRAINING OPPORTUNITIES FOR INDIVIDUALS WITH SEVERE DISABILITIES THROUGH CUSTODIAL AND OTHER CONTRACTS WITH THE FEDERAL AND STATE GOVERNMENTS. WE OPERATE THE EXCEL CENTER, WHICH PROVIDES SERVICES AS A TUITION-FREE ADULT HIGH SCHOOL THAT SERVES ADULT LEARNERS IN BALTIMORE AND THE SURROUNDING AREAS.
Expenses $101,842,790 · Grants $5,190 · Revenue $64,170,698
As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Lisa RusyniakLISA RUSYNIAK
PRESIDENT/CEO
- Total calculated
- $729,154
- From this org
- $685,470
- From related orgs
- $0
- Other
- $43,684
- Hours/week
- 40 + 1 related
Schedule J breakdown matched by us
- Base
- $577,843
- Bonus
- $107,627
- Other
- $0
- Deferred
- $42,995
- Nontaxable benefits
- $689
- Filer's total
- $729,154
-
Joe DurhamJOE DURHAM
CHAIR
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Olivia FarrowOLIVIA FARROW
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Jeff JacobsonJEFF JACOBSON
TREASURER
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Kim ClarkKIM CLARK
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Lauren N BennettLAUREN N BENNETT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Stacey ButlerSTACEY BUTLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Todd ChasonTODD CHASON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Pete ChesnerPETE CHESNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Dennis FinneganDENNIS FINNEGAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Thomas FinneyTHOMAS FINNEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Joe FossJOE FOSS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Tom KazmierczakTOM KAZMIERCZAK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Dean KenderdineDEAN KENDERDINE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
April LugoAPRIL LUGO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Willis MacgillWILLIS MACGILL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Jayne MillerJAYNE MILLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Joshua SavadoveJOSHUA SAVADOVE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Jason SevierJASON SEVIER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Joel SuldanJOEL SULDAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Keri ZaderKERI ZADER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Scott HollingsworthSCOTT HOLLINGSWORTH
COO/CFO
- Total calculated
- $452,700
- From this org
- $374,113
- From related orgs
- $0
- Other
- $78,587
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $328,314
- Bonus
- $45,799
- Other
- $0
- Deferred
- $24,394
- Nontaxable benefits
- $54,193
- Filer's total
- $452,700
-
Robert ProsserROBERT PROSSER
CHIEF RETAIL OFFICER (THRU 3/15/25)
- Total calculated
- $264,543
- From this org
- $232,353
- From related orgs
- $0
- Other
- $32,190
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $97,530
- Bonus
- $52,009
- Other
- $82,814
- Deferred
- $27,702
- Nontaxable benefits
- $4,488
- Filer's total
- $264,543
-
Megan HillMEGAN HILL
CHIEF HUMAN RESOURCE OFFICER
- Total calculated
- $235,280
- From this org
- $218,343
- From related orgs
- $0
- Other
- $16,937
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $192,093
- Bonus
- $26,250
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $16,937
- Filer's total
- $235,280
-
Jonathan BalogJONATHAN BALOG
CHIEF COMMUNICATIONS OFFICER
- Total calculated
- $334,089
- From this org
- $263,413
- From related orgs
- $0
- Other
- $70,676
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $230,810
- Bonus
- $32,603
- Other
- $0
- Deferred
- $17,365
- Nontaxable benefits
- $53,311
- Filer's total
- $334,089
-
Ryan SmithRYAN SMITH
CHIEF MISSION OFFICER
- Total calculated
- $299,907
- From this org
- $282,266
- From related orgs
- $0
- Other
- $17,641
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $250,440
- Bonus
- $31,826
- Other
- $0
- Deferred
- $16,952
- Nontaxable benefits
- $689
- Filer's total
- $299,907
-
Christopher DeppenCHRISTOPHER DEPPEN
DIRECTOR OF RISK MANAGEMENT
- Total calculated
- $167,929
- From this org
- $145,179
- From related orgs
- $0
- Other
- $22,750
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $138,302
- Bonus
- $6,877
- Other
- $0
- Deferred
- $5,509
- Nontaxable benefits
- $17,241
- Filer's total
- $167,929
-
Thomas NeilsonTHOMAS NEILSON
DIRECTOR OF OPS & SUSTAINABILITY
- Total calculated
- $142,024
- From this org
- $120,154
- From related orgs
- $0
- Other
- $21,870
- Hours/week
- 40
-
Woolrick Bennett JrWOOLRICK BENNETT JR
DIRECTOR OF CONTRACTS
- Total calculated
- $129,505
- From this org
- $124,020
- From related orgs
- $0
- Other
- $5,485
- Hours/week
- 40
-
Michael JacobsMICHAEL JACOBS
PROJECT MANAGER
- Total calculated
- $158,298
- From this org
- $118,452
- From related orgs
- $0
- Other
- $39,846
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $112,005
- Bonus
- $6,447
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $39,846
- Filer's total
- $158,298
-
Philmon KahasayPHILMON KAHASAY
IT DIRECTOR
- Total calculated
- $117,934
- From this org
- $117,290
- From related orgs
- $0
- Other
- $644
- 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
- 1a · Travel for companions
- 1a · Health or social club dues or initiation fees
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Form 990 of other organizations
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 4a · Severance or change-of-control payment
- 7 · Other non-fixed payments
Answered no
- 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
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 1A
- THE CEO, LISA RUSYNIAK, IS ALLOWED TRAVEL FOR COMPANIONS, IT IS TAXABLE AND INCLUDED IN HER WAGES. ALL EMPLOYEES ARE ELIGIBLE FOR HEALTH CLUB REIMBURSEMENT, WHICH IS INCLUDED ON EMPLOYEES W-2S.
- PART I, LINE 4A
- ROBERT PROSSER RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $82,814 DURING THE CALENDAR YEAR. THE PAYMENT IS INCLUDED IN PART VII, COLUMN D AND SCHEDULE J, PART II, COLUMN BIII.
- PART I, LINE 7
- BONUSES FOR THE KEY EMPLOYEES ARE DETERMINED BY THE COMPENSATION COMMITTEE BASED ON SPECIFIC PERCENTAGES OF SALARY FOR MEETING PRE-ESTABLISHED GOODWILL INDUSTRIES OF THE CHESAPEAKE AND GOODWILL WORKS OF THE CHESAPEAKE DEPARTMENTAL AND INDIVIDUAL DEVELOPMENT GOALS. THE BONUS FOR THE CEO IS LIMITED TO A SPECIFIC PERCENTAGE OF HER SALARY, BUT THE AMOUNT PAID IS AT THE DISCRETION OF THE BOARD. THE LISTED 2025 BONUSES ARE BASED ON 2024 GOALS AND ACHIEVEMENTS.
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
-
$5,190
GENERAL SUPPORT
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.
-
GOODWILL WORKS OF THE CHESAPEAKE INC
501(C)(3) · SUPPORTING ORGANIZATION · MD · controlled entity
Directly controlled by GOODWILL INDUSTRIES OF THE CHESAPEAKE INC
-
501(C)(3) · SUPPORTING ORGANIZATION · MD
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.
-
GIC REAL ESTATE HOLDINGS LLC
REAL ESTATE · MD · income $0 · assets $1,224,944
Directly controlled by GOODWILL INDUSTRIES OF THE CHESAPEAKE INC
-
GOODWILL CHESAPEAKE EXCEL CENTERS LLC
ADULT EDUCATION · MD · income $0 · assets $1,807,559
Directly controlled by GOODWILL INDUSTRIES OF THE CHESAPEAKE INC
-
GOODWILL CHESAPEAKE SUSTAINABILITY CENTER LLC
REAL ESTATE · MD · income $0 · assets $25,622,517
Directly controlled by GOODWILL INDUSTRIES OF THE CHESAPEAKE INC
-
GOODWILL CHESAPEAKE GUILFORD RD LLC
REAL ESTATE · MD · income $0 · assets $5,757,317
Directly controlled by GOODWILL INDUSTRIES OF THE CHESAPEAKE INC
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 17 September 2026
- IRS schema version
- 2025v4.2
- Source object
- 202602619349301200
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