Form 990 for tax year 2022
Filed by GOODWILL INDUSTRIAL SERVICES CORPORATION.
Totals
- Total revenue
- $11,687,996
- Total expenses
- $10,910,461
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $11,672,186
- Investment income
- $0
- Other revenue
- $15,810
- Total assets, end of year
- $10,708,359
- Total liabilities, end of year
- $5,306,403
- Net assets or fund balances, end of year
- $5,401,956
- Program services expenses (Part IX)
- $9,530,889
- Management and general expenses
- $1,379,572
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $9,530,889
Program services were 87.4% 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.
-
2a · Program service revenue: CONTRACT REVENUE
total $11,442,399 · related or exempt $11,442,399
-
2b · Program service revenue: REHABILITATION FEE
total $229,787 · related or exempt $229,787
-
3 · Investment income
total $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6a · Gross rents
real property $15,810
-
6c · Rental income or loss
real property $15,810 · personal property $0
-
6d · Net rental income or loss
total $15,810 · related or exempt $15,810
-
7d · Net gain or loss
total $0
-
8a · Fundraising events: gross income
$0
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $5,386,711 · program services $4,513,788 · management and general $872,923
-
8 · Pension plan contributions
total $36,846 · program services $11,884 · management and general $24,962
-
9 · Other employee benefits
total $1,245,352 · program services $1,178,755 · management and general $66,597
-
10 · Payroll taxes
total $685,623 · program services $616,966 · management and general $68,657
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $681,867 · program services $592,234 · management and general $89,633
-
12 · Advertising and promotion
total $27,613 · program services $9,077 · management and general $18,536
-
13 · Office expenses
total $1,474,867 · program services $1,286,438 · management and general $188,429
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $380,237 · program services $444,772 · management and general -$64,535
-
17 · Travel
total $413,256 · program services $386,644 · management and general $26,612
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $15,058 · program services $3,637 · management and general $11,421
-
20 · Interest
total $2,175 · program services $2,175
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $419,959 · program services $389,746 · management and general $30,213
-
23 · Insurance
total $76,484 · program services $69,081 · management and general $7,403
-
24a · Other expenses: DUES & SUBSCRIPTIONS
total $24,868 · program services $255 · management and general $24,613
-
24b · Other expenses: MISCELLANEOUS
total $34,598 · program services $21,894 · management and general $12,704
-
24c · Other expenses: CONTRIBUTIONS
total $1,222 · program services $240 · management and general $982
-
24d · Other expenses: TAXES, LICENSES & PERMITS
total $3,725 · program services $3,303 · management and general $422
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $300 · end of year $300
-
2 · Savings and temporary cash investments
beginning of year $5,139,608 · end of year $5,017,650
-
3 · Pledges and grants receivable
beginning of year $0 · end of year $0
-
4 · Accounts receivable
beginning of year $1,703,978 · end of year $1,364,854
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $1,731 · end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$9,044,642
-
10b · Land, buildings and equipment: accumulated depreciation
$4,719,087
-
10c · Land, buildings and equipment, net
beginning of year $4,164,762 · end of year $4,325,555
-
11 · Investments: publicly traded securities
beginning of year $0 · end of year $0
-
12 · Investments: other securities
beginning of year $0 · end of year $0
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $0 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $711,174 · end of year $441,368
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $0 · end of year $0
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $2,053,750 · end of year $2,053,750
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $3,621,034 · end of year $2,811,285
-
27 · Net assets without donor restrictions
beginning of year $4,624,421 · end of year $5,401,956
-
28 · Net assets with donor restrictions
beginning of year $0 · end of year $0
Mission and programs · 2022
Mission
GOODWILL INDUSTRIAL SERVICES CORPORATION UTILIZES STRATEGIC AND SUCCESSFUL BUSINESS ENTERPRISES TO PROVIDE LIFE CHANGING EMPLOYMENT OPPORTUNITIES TO OVER 200 DEVELOPMENTALLY AND ECONOMICALLY CHALLENGED INDIVIDUALS... SEE SCHEDULE O FOR CONTINUATION.
Activities or mission (Part I)
Goodwill Industrial Services Corporation is dedicated to helping people reach their highest level of personal and economic independence. See Sch. O for Continuation.
-
GOODWILL INDUSTRIAL SERVICES CORPORATION, IN PARTNERSHIP WITH GOODWILL OF COLORADO (EIN#84-0513404) UTILIZES STRATEGIC AND SUCCESSFUL BUSINESS ENTERPRISES TO PROVIDE LIFE CHANGING EMPLOYMENT OPPORTUNITIES TO OVER 300 DEVELOPMENTALLY AND ECONOMICALLY CHALLENGED INDIVIDUALS INCLUDING COMMERCIAL LAUNDRY, JANITORIAL SERVICES, AND FLEET MAINTENANCE SERVICES FOR GOVERNMENT AGENCIES, ACADEMIC AND HEALTH CARE INSTITUTIONS, AND BUSINESSES.
Expenses $9,530,889 · Revenue $11,687,996
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Karla Grazier - See Sch O
GISC Board Chair
- Total calculated
- $632,153
- From this org
- $0
- From related orgs
- $574,035
- Other
- $58,118
- Hours/week
- 1 + 39 related
-
Tom Wildenberg - See Sch O
GISC TREASURER
- Total calculated
- $260,037
- From this org
- $0
- From related orgs
- $232,769
- Other
- $27,268
- Hours/week
- 1 + 39 related
-
Gary Smith - See Sch O
GISC President
- Total calculated
- $191,020
- From this org
- $0
- From related orgs
- $180,129
- Other
- $10,891
- Hours/week
- 1 + 39 related
-
Karen Gordon - See Sch O
GISC SECRETARY
- Total calculated
- $92,631
- From this org
- $0
- From related orgs
- $79,495
- Other
- $13,136
- Hours/week
- 1 + 39 related
-
Matt Gendron
Member
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Vicki Lovato
Member
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Ginna Morgan
Member
- Total calculated
- $0
- Hours/week
- 1 + 1 related
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.
Schedule J
Itemized on Schedule J with no Part VII listing of the same name on this return:
-
Karla Grazier
GISC Board Chair
Schedule J breakdown
- Base
- not reported + $399,035 related
- Bonus
- not reported + $163,000 related
- Other
- not reported + $12,000 related
- Deferred
- not reported + $28,038 related
- Nontaxable benefits
- not reported + $30,080 related
- Filer's total
- not reported + $632,153 related
-
Gary Smith
GISC President
Schedule J breakdown
- Base
- not reported + $165,129 related
- Bonus
- not reported + $15,000 related
- Other
- not reported
- Deferred
- not reported + $8,931 related
- Nontaxable benefits
- not reported + $1,960 related
- Filer's total
- not reported + $191,020 related
-
Tom Wildenberg
GISC TREASURER
Schedule J breakdown
- Base
- not reported + $203,769 related
- Bonus
- not reported + $29,000 related
- Other
- not reported
- Deferred
- not reported + $7,144 related
- Nontaxable benefits
- not reported + $20,124 related
- Filer's total
- not reported + $260,037 related
Answered yes
- 1a · Health or social club dues or initiation fees
- 1b · Written policy on the line-1a expenses
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
- 6a · Pay contingent on this organization's net earnings
- 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)
- Methods used by related organization
- Goodwill of Colorado determines the compensation of the CEO. The methods used to determine compensation include: Compensation committee Form 990 of other organizations Compensation survey or study Independent Compensation Consultant every other year Approval by the Board of recommendation prepared by Compensation Committee Also See Schedule O, Part VI, Section B line 15 explanation.
- SCH J, PART II, LINE 1(B)(III)
- OTHER REPORTABLE COMPENSATION CONSISTS OF $12,000 AUTO ALLOWANCE.
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.
-
501(c)3 · See Part VII · CO
Directly controlled by NA
-
GOODWILL OF COLORADO FOUNDATION
501(c)3 · See Part VII · CO
Directly controlled by See Part VII
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 October 2023
- IRS schema version
- 2022v5.0
- Source object
- 202313059349302876
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