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Nonprofiteer
← GOODWILL ARKANSAS EDUCATION INITIATIVES INC

Form 990 for tax year 2024

Filed by GOODWILL ARKANSAS EDUCATION INITIATIVES INC.

Totals

Total revenue
$4,407,981
Total expenses
$4,451,700
Contributions and grants received
$4,407,720
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$261
Total assets, end of year
$72,577
Total liabilities, end of year
$130,610
Net assets or fund balances, end of year
-$58,033
Program services expenses (Part IX)
$3,926,221
Management and general expenses
$525,479
Fundraising expenses
$0
Program service expenses (Part III)
$3,926,221

Program services were 88.2% 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.

  • 1d · Related organizations

    $4,114,845

  • 1e · Government grants (contributions)

    $292,875

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11a · Other revenue: Miscellaneous Revenue

    total $261 · excluded $261

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $261

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 7 · Other salaries and wages

    total $1,522,638 · program services $1,342,906 · management and general $179,732

  • 8 · Pension plan contributions

    total $224,564 · program services $198,056 · management and general $26,508

  • 9 · Other employee benefits

    total $60,218 · program services $53,110 · management and general $7,108

  • 10 · Payroll taxes

    total $120,409 · program services $106,196 · management and general $14,213

  • 11a · Fees: management

    total $792,767 · program services $699,189 · management and general $93,578

  • 11c · Fees: accounting

    total $49,197 · program services $43,390 · management and general $5,807

  • 11g · Fees: other

    total $4,660 · program services $4,110 · management and general $550 · fundraising $0

  • 13 · Office expenses

    total $33,228 · program services $29,306 · management and general $3,922

  • 16 · Occupancy

    total $1,223,638 · program services $1,079,200 · management and general $144,438

  • 17 · Travel

    total $13,766 · program services $12,141 · management and general $1,625

  • 23 · Insurance

    total $26,958 · program services $23,776 · management and general $3,182

  • 24a · Other expenses: STAFF TRAINING & DEVELOPMENT

    total $304,734 · program services $268,763 · management and general $35,971

  • 24b · Other expenses: SUPPLIES & TEXTBOOKS

    total $64,963 · program services $57,295 · management and general $7,668

  • 24c · Other expenses: OTHER EXPENSES

    total $8,220 · program services $7,248 · management and general $972

  • 24d · Other expenses: DUES & MEMBERSHIPS

    total $1,740 · program services $1,535 · management and general $205

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $122,528 · end of year $64,509

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $227

  • 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 $10,783 · end of year $7,841

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning 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 $147,625 · end of year $130,610

  • 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 $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year -$14,314 · end of year -$58,033

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

THE MISSION OF THE EXCEL CENTER IS TO PROVIDE ADULTS THE OPPORTUNITY TO EARN A HIGH SCHOOL DIPLOMA AND BEGIN POST-SECONDARY EDUCATION WHILE DEVELOPING CAREER PATHS IN SECTORS OF THE LOCAL ECONOMY THAT OFFER BETTER-THAN-AVERAGE EMPLOYMENT AND GROWTH OPPORTUNITIES.

Activities or mission (Part I)

THE EXCEL CENTER AT GOODWILL IS A FREE PUBLIC HIGH SCHOOL THAT PROVIDES ADULTS THE OPPORTUNITY TO EARN AN ARKANSAS HIGH SCHOOL DIPLOMA.

  • THE EXCEL CENTER DISTRICT ENDED THE SCHOOL YEAR WITH 275 STUDENTS RANGING IN AGE FROM 19 TO 71, WITH A MEDIAN AGE OF 34. STUDENT ENROLLMENT WAS 80 PERCENT FEMALE AND 20 PERCENT MALE. UNDUPLICATED ENROLLMENT FOR THE 2024-2025 SCHOOL YEAR WAS 676 STUDENTS, AN INCREASE OF 133 STUDENTS OVER THE PRIOR SCHOOL YEAR. AVERAGE STUDENT ENROLLMENT WAS 349 AT THE START OF THE TERM AND 299 AT THE END OF THE TERM. THE EXCEL CENTER COMPLETED THE YEAR WITH AN AVERAGE RETENTION RATE OF 85%. DURING THE 2024-2025 SCHOOL YEAR, STUDENTS EARNED A TOTAL OF 2437 CREDITS, AND 117 GRADUATED.

    Expenses $3,926,221

As filed on the 2024 return.

Listed in Part VII

  • Brian F Marsh

    PRESIDENT AND CEO

    Total calculated
    $568,307
    From this org
    $0
    From related orgs
    $526,034
    Other
    $42,273
    Hours/week
    1 + 51 related

    Schedule J breakdown matched by us

    Base
    $0 + $387,426 related
    Bonus
    $0 + $130,000 related
    Other
    $0 + $8,608 related
    Deferred
    $0 + $20,700 related
    Nontaxable benefits
    $0 + $21,573 related
    Filer's total
    $0 + $568,307 related

  • Miguel Lopez

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Chris Amsler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Jonathan Crossley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Phillip Baldwin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sajni Kumpuris

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Edie Stewart

    SR. VICE PRESIDENT & CHIEF MISSION OFFICER

    Total calculated
    $225,515
    From this org
    $0
    From related orgs
    $214,728
    Other
    $10,787
    Hours/week
    25 + 25 related

    Schedule J breakdown matched by us

    Base
    $0 + $185,527 related
    Bonus
    $0 + $24,720 related
    Other
    $0 + $4,481 related
    Deferred
    $0 + $9,684 related
    Nontaxable benefits
    $0 + $1,103 related
    Filer's total
    $0 + $225,515 related

  • Sylvia Murchison

    SR. VICE PRESIDENT & CHIEF FINANCIAL OFFICER

    Total calculated
    $287,686
    From this org
    $0
    From related orgs
    $270,695
    Other
    $16,991
    Hours/week
    1 + 51 related

    Schedule J breakdown matched by us

    Base
    $0 + $231,540 related
    Bonus
    $0 + $32,464 related
    Other
    $0 + $6,691 related
    Deferred
    $0 + $15,448 related
    Nontaxable benefits
    $0 + $1,543 related
    Filer's total
    $0 + $287,686 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. 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

None.

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)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
GOODWILL INDUSTRIES OF ARKANSAS, A RELATED ORGANIZATION, USES A COMPENSATION COMMITTEE, INDPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEY OR STUDY, AND APPROVAL OF THE BOARD TO ESTABLISH COMPENSATION OF THE CEO.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
18 March 2026
IRS schema version
2024v5.1
Source object
202640779349301404

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