Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: FEDERAL JANITORIAL

  total $4,292,075 · related or exempt $4,292,075

• 2b · Program service revenue: OTHER CONTRACTS

  total $28,758 · related or exempt $28,758

• 7a · Gross sales of assets other than inventory

  securities $3,439

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

  securities $0

• 7c · Gain or loss

  securities $3,439

• 7d · Net gain or loss

  total $3,439 · related or exempt $3,439

Functional expenses

Part IX, the statement of functional expenses.

• 11c · Fees: accounting

  total $14,390 · program services $14,390

• 11g · Fees: other

  total $249,201 · program services $249,201

• 12 · Advertising and promotion

  total $851 · program services $851

• 13 · Office expenses

  total $363,221 · program services $363,221

• 16 · Occupancy

  total $77,458 · program services $77,458

• 17 · Travel

  total $8,528 · program services $8,528

• 22 · Depreciation, depletion and amortization

  total $73,619 · program services $73,619

• 23 · Insurance

  total $114,078 · program services $114,078

• 24a · Other expenses: LEASED EMPLOYEE SALARIE

  total $2,714,699 · program services $2,714,699

• 24b · Other expenses: LEASED EMPLOYEE BENEFIT

  total $762,916 · program services $762,916

• 24c · Other expenses: MISCELLANEOUS

  total $221,508 · program services $221,508

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $232,967 · end of year $269,353

• 4 · Accounts receivable

  beginning of year $673,305 · end of year $695,861

• 9 · Prepaid expenses and deferred charges

  end of year $51,984

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

  $766,809

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

  $667,460

• 10c · Land, buildings and equipment, net

  beginning of year $384,422 · end of year $99,349

• 17 · Accounts payable and accrued expenses

  beginning of year $334,093 · end of year $436,143

• 27 · Net assets without donor restrictions

  beginning of year $956,601 · end of year $680,404

The filer's explanations (Part III)

PART I, LINE 3

GOODWILL SPECIALTY SERVICES INC. DOES NOT HAVE EMPLOYEES, BUT INSTEAD, LEASES THEM FROM A RELATED ORGANIZATION, GOODWILL INDUSTRIES, INC. GOODWILL INDUSTRIES INC. HAS A FORMAL COMPENSATION POLICY AND THE EXECUTIVE COMMITTEE SERVES AS THE COMPENSATION COMMITTEE FOR THE ORGANIZATION. EXECUTIVE COMPENSATION IS SET ANNUALLY AND MONITORED BY THE LOCAL GOODWILL BOARD OF TRUSTEES, WHICH UTILIZES OUTSIDE INDEPENDENT PROFESSIONAL RESOURCES IN DETERMINING APPROPRIATE SALARY LEVELS. GOODWILL PARTICIPATES IN LOCAL, REGIONAL AND NATIONAL EXECUTIVE COMPENSATION SALARY AND BENEFIT SURVEYS. THIS SURVEY DATA IS UTILIZED BY THE BOARD AS A FRAMEWORK TO ENSURE COMPETITIVE COMPENSATION IN ORDER TO RETAIN HIGH PERFORMING EMPLOYEES, INCLUDING THE CEO. IN ADDITION TO SURVEY RESULTS, COMPENSATION IS BASED ON AGENCY PERFORMANCE AS WELL AS INDIVIDUAL PERFORMANCE.