Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $31,390

• 1e · Government grants (contributions)

  $4,528,015

• 1f · All other contributions, gifts and grants

  $1,556,609

• 1g · Noncash contributions included above

  $197,531

• 2a · Program service revenue: SERVICE CONTRACTS

  total $4,263,791 · related or exempt $4,263,791

• 3 · Investment income

  total $569,057 · excluded $569,057

• 6a · Gross rents

  real property $342,245

• 6b · Less rental expenses

  real property $850,965

• 6c · Rental income or loss

  real property -$508,720

• 6d · Net rental income or loss

  total -$508,720 · unrelated business -$310,817 · excluded -$197,903

• 7a · Gross sales of assets other than inventory

  other assets $18,822

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

  other assets $0

• 7c · Gain or loss

  other assets $18,822

• 7d · Net gain or loss

  total $18,822 · excluded $18,822

• 8a · Fundraising events: gross income

  $59,371

• 8a · Fundraising events: contributions included on line 1c

  $31,390

• 8b · Fundraising events: direct expenses

  $67,723

• 8c · Net income from fundraising events

  total -$8,352 · excluded -$8,352

• 10a · Gross sales of inventory

  $64,206,270

• 10b · Cost of goods sold

  $18,916,509

• 10c · Net income from sales of inventory

  total $45,289,761 · related or exempt $45,289,761

• 11a · Other revenue: MISCELLANEOUS

  total $72,436 · related or exempt $72,436

• 11e · Other revenue, total

  $72,436

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $847,061 · program services $116,488 · management and general $730,573

• 7 · Other salaries and wages

  total $26,107,006 · program services $24,760,669 · management and general $1,346,337

• 8 · Pension plan contributions

  total $135,776 · program services $135,776

• 9 · Other employee benefits

  total $834,430 · program services $774,033 · management and general $60,397

• 10 · Payroll taxes

  total $2,071,084 · program services $1,870,154 · management and general $200,930

• 11b · Fees: legal

  total $84,714 · management and general $84,714

• 11c · Fees: accounting

  total $32,150 · management and general $32,150

• 11d · Fees: lobbying

  total $45,755 · program services $45,755

• 11g · Fees: other

  total $1,199,409 · program services $545,280 · management and general $654,129

• 12 · Advertising and promotion

  total $713,279 · program services $522,932 · management and general $190,347

• 13 · Office expenses

  total $2,699,446 · program services $2,189,796 · management and general $509,650

• 16 · Occupancy

  total $10,252,440 · program services $9,454,944 · management and general $797,496

• 17 · Travel

  total $1,927,247 · program services $1,829,347 · management and general $97,900

• 22 · Depreciation, depletion and amortization

  total $3,137,475 · program services $2,720,061 · management and general $417,414

• 23 · Insurance

  total $738,636 · program services $658,871 · management and general $79,765

• 24a · Other expenses: ASTEP/OTHER SUPPORT

  total $1,113,497 · program services $1,094,696 · management and general $18,801

• 24b · Other expenses: BANK CHARGES AND CREDIT

  total $952,994 · program services $899,289 · management and general $53,705

• 24c · Other expenses: EQUIPMENT RENTALS

  total $342,430 · program services $225,555 · management and general $116,875

• 24d · Other expenses: MEMBERSHIP DUES

  total $195,515 · program services $3,627 · management and general $191,888

• 24e · All other expenses

  total $80,521 · program services $9,310 · management and general $71,211

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $18,849,254 · end of year $11,130,471

• 4 · Accounts receivable

  beginning of year $1,912,711 · end of year $2,104,875

• 7 · Other notes and loans receivable

  beginning of year $85,500 · end of year $0

• 8 · Inventories for sale or use

  beginning of year $1,058,522 · end of year $1,199,378

• 9 · Prepaid expenses and deferred charges

  beginning of year $344,014 · end of year $571,539

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

  $91,582,845

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

  $33,597,817

• 10c · Land, buildings and equipment, net

  beginning of year $45,267,894 · end of year $57,985,028

• 15 · Other assets

  beginning of year $46,084,899 · end of year $43,706,835

• 17 · Accounts payable and accrued expenses

  beginning of year $2,704,020 · end of year $5,989,172

• 19 · Deferred revenue

  beginning of year $263,905 · end of year $214,388

• 23 · Secured mortgages and notes payable

  beginning of year $18,808,271 · end of year $17,613,929

• 25 · Other liabilities

  beginning of year $53,626,907 · end of year $52,379,002

• 27 · Net assets without donor restrictions

  beginning of year $37,302,879 · end of year $39,516,730

• 28 · Net assets with donor restrictions

  beginning of year $896,812 · end of year $984,905

The filer's explanations (Part III)

PART I, LINE 3

THE ADMINISTRATIVE COMMITTEE OF THE BOARD OF DIRECTORS OF GOODWILL INDUSTRIES OF NORTH FLORIDA, INC., IN A CLOSED SESSION, REVIEWS THE PERFORMANCE AND COMPENSATION FOR THE CEO. THEY INCORPORATE INFORMATION FROM FROM THEIR OWN MARKET PERSPECTIVE, AND A PUBLISHED COMPENSATION ANALYSIS FROM GOODWILL INDUSTRIES INTERNATIONAL. THE STUDIES INCLUDE ANALYSIS OF SIMILAR POSITIONS IN OTHER GOODWILL ORGANIZATIONS IN THIS REGION AND ACROSS THE UNITED STATES.

PART I, LINE 5

BONUSES ARE BASED ON GOALS ESTABLISHED BY THE BOARD OF DIRECTORS AND ARE DETERMINED THE PREVIOUS YEAR. BONUSES WERE BASED ON ACHIEVING NET EARNINGS, REVENUE AND CLIENT SERVED SPECIFIC METRICS.

PART I, LINE 6

BONUSES ARE BASED ON GOALS ESTABLISHED BY THE BOARD OF DIRECTORS AND ARE DETERMINED THE PREVIOUS YEAR. BONUSES WERE BASED ON ACHIEVING NET EARNINGS, REVENUE AND CLIENT SERVED SPECIFIC METRICS.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• YULEE JUNCTION LLC

  COMMERCIAL RENTAL PROPERTY · FL · income $521,891 · assets $4,103,684

  Directly controlled by GOODWILL INDUSTRIES OF NORTH FLORIDA INC

• GW TIMUQUANA LLC

  COMMERCIAL RENTAL PROPERTY · FL · income $337,201 · assets $9,828,855

  Directly controlled by GOODWILL INDUSTRIES OF NORTH FLORIDA INC