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Nonprofiteer
← GOODWILL OF COLORADO

Form 990 for tax year 2024

Filed by GOODWILL OF COLORADO.

Totals

Total revenue
$183,439,925
Total expenses
$162,454,925
Contributions and grants received
$91,290,147
Grants paid
$0
Program service revenue
$25,993,209
Investment income
$4,715,779
Other revenue
$61,440,790
Total assets, end of year
$283,455,355
Total liabilities, end of year
$87,252,416
Net assets or fund balances, end of year
$196,202,939
Program services expenses (Part IX)
$147,305,766
Management and general expenses
$15,149,159
Fundraising expenses
$0
Program service expenses (Part III)
$147,305,766

Program services were 90.7% 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

    $4,499,152

  • 1f · All other contributions, gifts and grants

    $86,790,995

  • 1g · Noncash contributions included above

    $86,790,995

  • 2a · Program service revenue: REHABILITATION FEES

    total $18,810,915 · related or exempt $18,810,915

  • 2b · Program service revenue: CONTRACT INCOME

    total $2,761,646 · related or exempt $2,761,646

  • 2c · Program service revenue: TRANSPORTATION REVENUE

    total $4,420,648 · related or exempt $4,420,648

  • 3 · Investment income

    total $4,819,179 · excluded $4,819,179

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6a · Gross rents

    real property $402,835

  • 6b · Less rental expenses

    real property $198,742

  • 6c · Rental income or loss

    real property $204,093 · personal property $0

  • 6d · Net rental income or loss

    total $204,093 · excluded $204,093

  • 7a · Gross sales of assets other than inventory

    securities $41,911,908 · other assets $4,730

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

    securities $41,911,908 · other assets $108,130

  • 7c · Gain or loss

    other assets -$103,400

  • 7d · Net gain or loss

    total -$103,400 · excluded -$103,400

  • 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

    $149,322,117

  • 10b · Cost of goods sold

    $88,213,833

  • 10c · Net income from sales of inventory

    total $61,108,284 · related or exempt $61,108,284

  • 11a · Other revenue: OTHER REVENUE

    total $128,413 · related or exempt $128,413

  • 11e · Other revenue, total

    $128,413

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 $1,944,090 · program services $1,751,219 · management and general $192,871

  • 6 · Compensation of disqualified persons

    total $48,316 · program services $43,165 · management and general $5,151

  • 7 · Other salaries and wages

    total $88,465,954 · program services $79,358,718 · management and general $9,107,236

  • 8 · Pension plan contributions

    total $1,516,777 · program services $1,260,840 · management and general $255,937

  • 9 · Other employee benefits

    total $5,298,692 · program services $4,592,188 · management and general $706,504

  • 10 · Payroll taxes

    total $9,127,767 · program services $8,388,402 · management and general $739,365

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $102,472 · program services $47,244 · management and general $55,228

  • 11c · Fees: accounting

    total $78,902 · management and general $78,902

  • 11d · Fees: lobbying

    total $48,034 · program services $26,000 · management and general $22,034

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $3,058,141 · program services $2,563,564 · management and general $494,577

  • 12 · Advertising and promotion

    total $1,881,933 · program services $1,345,370 · management and general $536,563

  • 13 · Office expenses

    total $16,702,748 · program services $14,913,431 · management and general $1,789,317

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $17,544,642 · program services $17,544,642

  • 17 · Travel

    total $2,896,081 · program services $2,644,697 · management and general $251,384

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $468,092 · program services $338,324 · management and general $129,768

  • 20 · Interest

    total $819,345 · program services $819,345

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $5,404,366 · program services $5,190,315 · management and general $214,051

  • 23 · Insurance

    total $2,462,728 · program services $2,385,910 · management and general $76,818

  • 24a · Other expenses: TRASH REMOVAL

    total $1,813,600 · program services $1,811,427 · management and general $2,173

  • 24b · Other expenses: TAXES, LICENSES, & PERMITS

    total $1,007,946 · program services $1,002,941 · management and general $5,005

  • 24c · Other expenses: MISC. EXPENSE

    total $835,766 · program services $678,700 · management and general $157,066

  • 24d · Other expenses: BAD DEBT EXPENSE

    total $450,249 · program services $450,249

  • 24e · All other expenses

    total $478,284 · program services $149,075 · management and general $329,209

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $558,137 · end of year $2,940,650

  • 2 · Savings and temporary cash investments

    beginning of year $74,926,798 · end of year $60,666,835

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $4,188,914 · end of year $5,501,279

  • 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 $10,387,693 · end of year $9,887,243

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,460,755 · end of year $2,535,129

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

    $156,341,153

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

    $43,910,571

  • 10c · Land, buildings and equipment, net

    beginning of year $100,233,160 · end of year $112,430,582

  • 11 · Investments: publicly traded securities

    beginning of year $27,889,412 · end of year $50,078,276

  • 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 $41,068,030 · end of year $39,415,361

  • 17 · Accounts payable and accrued expenses

    beginning of year $17,682,977 · end of year $17,191,568

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $678,783

  • 20 · Tax-exempt bond liabilities

    beginning of year $30,991,781 · end of year $29,742,787

  • 21 · Escrow or custodial account liability

    beginning of year $37,956 · end of year $37,956

  • 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 $37,789,980 · end of year $39,293,322

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $308,000

  • 27 · Net assets without donor restrictions

    beginning of year $174,811,291 · end of year $193,735,582

  • 28 · Net assets with donor restrictions

    beginning of year $398,914 · end of year $2,467,357

Mission and programs · 2024

Mission

GOODWILL OF COLORADO ACCOMPLISHES ITS LIFE-CHANGING MISSION THROUGH MANY DIVERSE AND INNOVATIVE EMPLOYMENT AND LIFE SKILLS PROGRAMS THAT FOSTER CONFIDENCE AND OPPORTUNITY FOR INDIVIDUALS WITH ECONOMIC AND DEVELOPMENT CHALLENGES THAT KEEP THEM FROM LEADING INDEPENDENT AND ENGAGED LIVES.

Activities or mission (Part I)

GOODWILL OF COLORADO IS ONE PART OF THREE CONSOLIDATED ENTITIES (FOUNDATION & GOODWILL INDUSTRIAL SERVICES CORP.) DEDICATED TO HELPING ELEVATE THE LIVES OF INDIVIDUALS

  • IN 2024, GOODWILL OF COLORADO OPERATED 54 RETAIL AND DONATION CENTERS. GOODWILL OF COLORADO EMPLOYS 2,200 TEAM MEMBERS IN OUR RETAIL OPERATIONS, 65% OF WHOM HAVE SIGNIFICANT OBSTACLES TO EMPLOYMENT, SUCH AS BEING UNHOUSED, ADDICTION, A DISABILITY, OR JUSTICE INVOLVEMENT. WE PROVIDE FOUNDATIONAL JOBS AND TRAIN THOSE EMPLOYEES IN SOFT JOB SKILLS AS WELL AS RETAIL, TRANSPORTATION, AND LOGISTIC KNOWLEDGE. GOODWILL OF COLORADO'S OPERATIONS & SALES DIVISION ALSO RECEIVED, RECYCLED AND REPURPOSED 228 MILLION POUNDS OF MATERIAL DONATIONS TO PRESERVE OUR ENVIRONMENT AND GROW OUR ECONOMY, RECYCLED 471 TONS OF ENVIRONMENTALLY HAZARDOUS COMPUTERS/COMPONENTS, AND ISSUED 9,000 EMERGENCY CLOTHING VOUCHERS TO FAMILIES IN NEED.

    Expenses $125,162,366 · Revenue $65,528,932

  • IN 2024, GOODWILL OF COLORADO, IN PARTNERSHIP WITH GOODWILL INDUSTRIAL SERVICES CORPORATION (EIN#84-1273701), PROVIDED MEANINGFUL AND GAINFUL EMPLOYMENT TO OVER 200 INDIVIDUALS WITH DEVELOPMENTAL AND ECONOMIC CHALLENGES THROUGH ITS SELF-SUSTAINING BUSINESS ENTERPRISES COMPRISED OF LAUNDRY, JANITORIAL, AND FLEET MAINTENANCE SERVICES. GOODWILL OF COLORADO AND GOODWILL INDUSTRIAL SERVICES CORPORATION (EIN#84-1273701) CUSTOMERS INCLUDED MILITARY BASES, GOVERNMENT FACILITIES, HOSPITALITY ORGANIZATIONS, HEALTH CARE AGENCIES, EDUCATIONAL INSTITUTIONS, AND PRIVATE BUSINESSES. TOGETHER, THESE TWO ORGANIZATIONS ENSURE THESE EMPLOYEES RECEIVE SUSTAINED EMPLOYMENT, JOB TRAINING AND SUPPORT TO ENSURE THEIR VOCATIONAL AND PERSON SUCCESS.

    Expenses $19,903,987 · Revenue $2,761,646

  • IN 2024, GOODWILL OF COLORADO'S CAREER DEVELOPMENT ACTIVITES PROVIDED JOB TRAINING AND CAREER SERVICES FOR UN-OR-UNDER EMPLOYED INDIVIDUALS THROUGHOUT THE COMMUNITY. THESE SERVICES INCLUDED JOB PREPARATION COURSES, WORK EXPERIENCE PROGRAMS AND PROFESSIONAL CERTIFICATION COURSES DIRECTED AT MAKING CAREER-CHALLENGED INDIVIDUALS' JOB-READY. IN PARTNERSHIP WITH COMMUNITY PARTNERS, GOODWILL OF COLORADO PLACED JOB SEEKERS INTO EMPLOYMENT WITH NET ANNUAL IMPACT OF $33.5 MILLION AND OVERALL ECONOMIC IMPACT TOTALING $291 MILLION.

    Expenses $2,239,413 · Revenue $18,939,328

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Karla Grazier

    President/CEO

    Total calculated
    $685,733
    From this org
    $641,384
    From related orgs
    $0
    Other
    $44,349
    Hours/week
    38 + 2 related

    Schedule J breakdown matched by us

    Base
    $421,884
    Bonus
    $207,500
    Other
    $12,000
    Deferred
    $27,092
    Nontaxable benefits
    $17,257
    Filer's total
    $685,733

  • Tim Cooper

    COO - Chief Oper. Officer

    Total calculated
    $315,618
    From this org
    $274,385
    From related orgs
    $0
    Other
    $41,233
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $238,385
    Bonus
    $30,000
    Other
    $6,000
    Deferred
    $13,285
    Nontaxable benefits
    $27,948
    Filer's total
    $315,618

  • Thomas Wildenberg

    CFO

    Total calculated
    $282,095
    From this org
    $257,087
    From related orgs
    $0
    Other
    $25,008
    Hours/week
    38 + 2 related

    Schedule J breakdown matched by us

    Base
    $232,087
    Bonus
    $25,000
    Other
    not reported
    Deferred
    $7,777
    Nontaxable benefits
    $17,231
    Filer's total
    $282,095

  • Gary Smith

    CMO

    Total calculated
    $228,696
    From this org
    $217,156
    From related orgs
    $0
    Other
    $11,540
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $197,156
    Bonus
    $20,000
    Other
    not reported
    Deferred
    $10,734
    Nontaxable benefits
    $806
    Filer's total
    $228,696

  • Alison McGilchrist

    VP Marketing and Development

    Total calculated
    $225,504
    From this org
    $203,077
    From related orgs
    $0
    Other
    $22,427
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $189,077
    Bonus
    $14,000
    Other
    not reported
    Deferred
    $9,862
    Nontaxable benefits
    $12,565
    Filer's total
    $225,504

  • Sara Agre

    VP-Strategic Planning

    Total calculated
    $206,446
    From this org
    $183,847
    From related orgs
    $0
    Other
    $22,599
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $169,847
    Bonus
    $14,000
    Other
    not reported
    Deferred
    $4,515
    Nontaxable benefits
    $18,084
    Filer's total
    $206,446

  • Shery Richer

    Director III, Retail Op

    Total calculated
    $197,465
    From this org
    $174,849
    From related orgs
    $0
    Other
    $22,616
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,849
    Bonus
    $24,000
    Other
    not reported
    Deferred
    $8,351
    Nontaxable benefits
    $14,265
    Filer's total
    $197,465

  • Heather Berens

    Director II, Finance

    Total calculated
    $159,973
    From this org
    $142,385
    From related orgs
    $0
    Other
    $17,588
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $136,385
    Bonus
    $6,000
    Other
    not reported
    Deferred
    $7,077
    Nontaxable benefits
    $10,511
    Filer's total
    $159,973

  • Erica Skolasinski

    Director III, Workforce Dev/Co

    Total calculated
    $146,482
    From this org
    $139,006
    From related orgs
    $0
    Other
    $7,476
    Hours/week
    40

  • Jill Alderton

    Director III, Human Resources

    Total calculated
    $143,935
    From this org
    $136,305
    From related orgs
    $0
    Other
    $7,630
    Hours/week
    40

  • Shawn Davis

    Director II, IT

    Total calculated
    $140,252
    From this org
    $133,098
    From related orgs
    $0
    Other
    $7,154
    Hours/week
    40

  • Chris Gaskill

    Co-Chair

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Victoria Lovato

    Immediate Past Co-Chair

    Total calculated
    $0
    Hours/week
    1

  • Virginia Ginna Morgan

    Co-Chair

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Kevin Hall

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Carmon Hicks

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Peter Maiurro

    Foundation Board Chair

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Matt Gendron

    Immediate Past Co-Chair

    Total calculated
    $0
    Hours/week
    1

  • Sharon Linhart

    Vice Chair

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Jennifer Wozniak

    Director

    Total calculated
    $0
    Hours/week
    1

  • Grace Harrison

    Director

    Total calculated
    $0
    Hours/week
    1

  • Patricia Cone

    Director

    Total calculated
    $0
    Hours/week
    1

  • Scot Cuthbertson

    Director

    Total calculated
    $0
    Hours/week
    1

  • Phil DeVries

    Director

    Total calculated
    $0
    Hours/week
    1

  • David Ettenger

    Director

    Total calculated
    $0
    Hours/week
    1

  • Rosie Golebiewski

    Director

    Total calculated
    $0
    Hours/week
    1

  • Peggy Gardner

    Director

    Total calculated
    $0
    Hours/week
    1

  • Brandon Johnson

    Director

    Total calculated
    $0
    Hours/week
    1

  • Lt Gen Ret Michael Gould

    Director

    Total calculated
    $0
    Hours/week
    1

  • Deborah Hendrix

    Director

    Total calculated
    $0
    Hours/week
    1

  • Mathew Hiner

    Director

    Total calculated
    $0
    Hours/week
    1

  • Dr Johnny Johnson

    Director

    Total calculated
    $0
    Hours/week
    1

  • Martha Marzolf

    Director

    Total calculated
    $0
    Hours/week
    1

  • Daniel May

    Director

    Total calculated
    $0
    Hours/week
    1

  • Chris Odell

    Director

    Total calculated
    $0
    Hours/week
    1

  • Tim Powers

    Director

    Total calculated
    $0
    Hours/week
    1

  • Diane E Reeder

    Director

    Total calculated
    $0
    Hours/week
    1

  • Todd Reynolds

    Director

    Total calculated
    $0
    Hours/week
    1

  • Steve Roush

    Director

    Total calculated
    $0
    Hours/week
    1

  • Lisa Rutherford

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jim Spittler

    Director

    Total calculated
    $0
    Hours/week
    1

  • Alan Steiner

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jonathan Tee

    Director

    Total calculated
    $0
    Hours/week
    1

  • Wendel Torres

    Director

    Total calculated
    $0
    Hours/week
    1

  • Gary Winegar

    Director

    Total calculated
    $0
    Hours/week
    1

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 · 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
  • 6a · Pay contingent on this organization's net earnings

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
  • 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 6a
Goodwill of Colorado managers are eligible for bonus compensation when they meet or exceed budgeted net earnings and corporate operating goals.
SCH J, PART II, LINE 1(B)(III)
OTHER REPORTABLE COMPENSATION CONSISTS OF $12,000 AUTO ALLOWANCE.
Sch J, Part II, Line 6(B)(III)
OTHER REPORTABLE COMPENSATION CONSISTS OF $6,000 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.

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202543039349301984

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