Overview
What is Goodwill Industries Of Western New York Inc?
Goodwill Industries of Western New York Inc is a Buffalo-based nonprofit organization with a workforce of 481 employees. Their mission is to enhance the dignity and quality of life for individuals and families by helping them overcome barriers and reach their full potential. The organization operates various programs, including a workforce development program, a contract manufacturing program, and a donated goods program. The donated goods are transformed into salable merchandise, which is sold at local Goodwill stores and through e-commerce channels. The revenue generated from the sale of these goods supports the organization's mission and empowers individuals to achieve maximum employability.
Official website here: www.goodwillwny.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 94%, Four-Star out of Four Star rating.
Goodwill Industries of Western New York Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. With a score of 94% in this category, the organization demonstrates a high level of transparency and responsible governance. The charity's board is entirely composed of independent members, which enhances its credibility and decision-making processes.
The organization shows notable strengths in its financial management, with a program expense ratio of 87.68%, indicating that a significant portion of its resources is dedicated to its mission-related programs. Additionally, Goodwill has established robust policies regarding conflict of interest, whistleblower protections, and document retention, which further assure donors of its commitment to ethical practices. Their financial statements are subject to audit and oversight, which contributes to their financial integrity.
While the organization's liabilities to assets ratio is at 52.20%, this is still within a reasonable range, suggesting that they maintain a healthy balance sheet. Overall, Goodwill Industries of Western New York Inc sets a strong example in the nonprofit sector through its dedication to accountability and effective allocation of resources, but potential donors should always consider the full scope of organizational performance when making contributions.
This AI summary has been generated from information found on Charity Navigator.
Is Goodwill Industries Of Western New York Inc legitimate?
Goodwill Industries Of Western New York Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Goodwill Industries Of Western New York Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $411,614
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,138,591
For more financial information, click here
Official website here: www.goodwillwny.org
What is the mission statement of Goodwill Industries Of Western New York Inc?
Goodwill Industries of Western New York Inc strives to enhance the dignity and quality of life for individuals and families by helping them overcome barriers and reach their full potential. They do this through various programs, including a workforce development program, a contract manufacturing program, and a donated goods program. The organization's mission is dedicated to supporting individuals to achieve a maximum level of employability.
Contributed goods received by the organization are converted into salable merchandise. This merchandise is then sold at local Goodwill stores as well as through e-commerce channels. By doing so, the organization creates opportunities for individuals to learn new skills, gain work experience, and ultimately, find employment. The revenue generated from these sales supports the organization's mission and allows it to continue making a positive impact on the lives of those it serves.
Official website here: www.goodwillwny.org
Who is the CEO of Goodwill Industries Of Western New York Inc?
Thomas Ulbrich is the Committee Chair of Goodwill Industries Of Western New York Inc. The CEO's salary of Goodwill Industries Of Western New York Inc is $203,947 and their total compensation is $232,283.
Official website here: www.goodwillwny.org
What is the revenue of Goodwill Industries Of Western New York Inc?
Goodwill Industries Of Western New York Inc's revenue in 2022 was $16,491,890.
Official website here: www.goodwillwny.org
Who are the executives of Goodwill Industries Of Western New York Inc and what are their salaries?
The average compensation at Goodwill Industries Of Western New York Inc during 2022 was $13,618. There are 481 employees and 50 volunteers at Goodwill Industries Of Western New York Inc.
Here are 18 key members and their salaries (Goodwill Industries Of Western New York Inc's CEO's salary is $203,947 and their total compensation is $232,283):
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- Other: $13,967
- Compensation: $101,269
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- Other: $7,770
Official website here: www.goodwillwny.org
Where can I find the form 990 for Goodwill Industries Of Western New York Inc?
Goodwill Industries Of Western New York Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.goodwillwny.org
Learn more at the official website: www.goodwillwny.org
Mission Statement of Goodwill Industries Of Western New York Inc
Goodwill Industries of Western New York Inc is a mission-driven organization that enhances the dignity and quality of life for individuals and families. Through learning and the power of work, it helps people overcome various barriers to reach their full potential. The organization operates several programs aimed at supporting individuals in achieving maximum employability.
The primary offering of Goodwill Industries of Western New York Inc is its workforce development program. This program is designed to prepare individuals for gainful employment by providing them with essential skills and training. By doing so, it empowers them to become self-sufficient and contribute positively to their communities.
Additionally, the organization runs a contract manufacturing program, where it produces goods for various clients. This program offers valuable work experience to individuals and contributes to the organization's financial sustainability. Lastly, Goodwill Industries of Western New York Inc operates a donated goods program. It receives, sorts, and sells donated merchandise in local stores and through e-commerce channels. The revenue generated from selling these goods supports the organization's mission and enables it to provide essential services to those in need.
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Impact
October, 2024
Goodwill Industries of Western New York Inc has a significant impact on the community by enhancing the dignity and quality of life for individuals and families. The organization focuses on helping people overcome barriers and achieve their full potential through educational programs and employment opportunities.
Through its workforce development program, Goodwill equips individuals with essential skills that increase their employability, fostering economic independence and self-sufficiency. The contract manufacturing program provides valuable job opportunities while generating revenue that supports its mission. Additionally, by converting donated goods into salable merchandise at local Goodwill stores and through e-commerce, the organization not only promotes sustainability but also creates jobs and helps fund its various programs.
Situated in Buffalo, New York, Goodwill's multifaceted approach empowers individuals from diverse backgrounds, making a meaningful difference in the community by promoting workforce participation and enhancing overall quality of life.
This information is meant to be a general summary of Goodwill Industries Of Western New York Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $60,900
- Program Service Revenue: $16,093,692
- Gross Receipts: $16,807,510
Assets and Liabilities:
- Total Assets: $24,135,157
- Total Liabilities: $12,410,006
- Net Assets: $11,725,151
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DONATED GOODS AND RETAIL
Revenue
$14,809,677
WORKFORCE DEVELOPMENT
Revenue
$965,040
INDUSTRIAL CONTRACT REVENUE
Revenue
$318,975
Organization Details
Founding Year
1920
Phone
(716) 854-3494Principal Officer
Thomas Ulbrich
Main Address
1119 WILLIAM STREET, BUFFALO, NY, 142061897
Website
www.goodwillwny.orgNTEE Category
Code: P80Z - Human services
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