Overview
What is Goodwill Education Initiatives Inc?
Goodwill Education Initiatives Inc, located in Indianapolis, Indiana, is a not-for-profit organization under the umbrella of Goodwill of Central and Southern Indiana. Established in 2004, GEI was founded to provide educational opportunities for young people and adults with limited career prospects and no high school diploma. The organization operates The Met, a public charter high school, and the Excel Centers, primarily serving adults who dropped out of high school. Both institutions offer a second chance at earning a high school diploma. The Met and one Excel Center are housed in Goodwill's headquarters building, while others lease space from third parties. GEI contracts with Goodwill for essential business support services. As of fiscal year 2021-2022, The Excel Centers operated in 15 locations, serving over 4,000 students. Since inception, over 7,000 students have graduated from the Excel Centers. GEI's students have varying academic backgrounds and capabilities when they enroll. To help students overcome barriers to educational attainment, they are assigned a life coach. Demand for enrollment continues to exceed capacity, prompting plans to open additional facilities as legislation and public funding allow.
Official website here: www.indianapolismet.org; www.theexcelcenter.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100%, Four-Star out of Four Stars
Goodwill Education Initiatives Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its commitment to accountability and finance. The organization scored a perfect 100% in several categories, indicating strong governance and transparency. Key strengths include having a fully independent board and a robust audit and oversight committee, which contribute to its overall financial integrity.
The organization's financial health is underscored by a low liabilities-to-assets ratio of 24.24%, demonstrating effective management of its resources. Additionally, 82.45% of its expenses are allocated to programs, signifying a strong focus on delivering educational initiatives and services. Goodwill Education Initiatives Inc also maintains essential policies such as conflict of interest and whistleblower protections, further reinforcing its commitment to ethical practices.
While the ratings highlight numerous strengths in governance and financial management, no significant limitations or concerns were noted in the data provided. This well-rounded performance positions Goodwill Education Initiatives Inc as a trustworthy nonprofit dedicated to its mission of education and support.
This AI summary has been generated from information found on Charity Navigator.
Is Goodwill Education Initiatives Inc legitimate?
Goodwill Education Initiatives Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Goodwill Education Initiatives 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $17,579,016
For more financial information, click here
Official website here: www.indianapolismet.org; www.theexcelcenter.org
What is the mission statement of Goodwill Education Initiatives Inc?
Goodwill Education Initiatives Inc is devoted to providing educational opportunities for young people and adults, aiming to enhance their success in life and work. In response to a large number of individuals with limited career prospects and no high school diploma, this organization was established in 2004 by Goodwill. They operate charter schools, including The Met and Excel Centers, under the Indiana Charter School Laws. The Met primarily serves students who have struggled in other educational settings, such as those in foster care or involved with the juvenile justice system. Excel Centers cater to adults who dropped out of high school and wish to obtain their diploma. Through these schools, students receive personalized guidance from a life coach and connect with resources to overcome educational barriers. Due to high demand, Goodwill Education Initiatives plans to open additional facilities as legislation and public funding allow.
Official website here: www.indianapolismet.org; www.theexcelcenter.org
Who is the CEO of Goodwill Education Initiatives Inc?
Daniel J Riley is the Chair of Goodwill Education Initiatives Inc. The CEO's salary of Goodwill Education Initiatives Inc is $0 and their total compensation is $579,242.
Official website here: www.indianapolismet.org; www.theexcelcenter.org
What is the revenue of Goodwill Education Initiatives Inc?
Goodwill Education Initiatives Inc's revenue in 2022 was $35,840,790.
Official website here: www.indianapolismet.org; www.theexcelcenter.org
Who are the executives of Goodwill Education Initiatives Inc and what are their salaries?
The average compensation at Goodwill Education Initiatives Inc during 2022 was $37,968. There are 463 employees and 25 volunteers at Goodwill Education Initiatives Inc.
Here are 19 key members and their salaries (Goodwill Education Initiatives Inc's CEO's salary is $0 and their total compensation is $579,242):
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- Compensation: $127,042
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- Other: $23,337
- Compensation: $112,467
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- Other: $23,337
- Compensation: $119,867
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- Other: $7,805
Official website here: www.indianapolismet.org; www.theexcelcenter.org
Where can I find the form 990 for Goodwill Education Initiatives Inc?
Goodwill Education Initiatives Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.indianapolismet.org; www.theexcelcenter.org
Learn more at the official website: www.indianapolismet.org; www.theexcelcenter.org
Mission Statement of Goodwill Education Initiatives Inc
Goodwill Education Initiatives Inc, also known as GEI, is a not-for-profit organization with a mission to provide educational opportunities for young people and adults. Established in response to the large number of individuals seeking employment and other services at Goodwill with limited career opportunities and no high school diploma, GEI is committed to enhancing the success of learners in their personal and professional lives.
GEI currently operates one charter school, The Met, and several Excel Centers. The Met, located in an economically depressed urban area in Indianapolis, serves students who have faced challenges in traditional school settings, including those in foster care and those with juvenile justice involvement. The Excel Centers cater primarily to adults who previously dropped out of high school and wish to obtain their diploma. Since its inception in 2004, GEI has provided educational opportunities to over 14,000 students, with more than 7,000 graduating from The Met and Excel Centers combined.
GEI's commitment to student success extends beyond the classroom. Students at The Met and Excel Centers attend classes and connect with a life coach, who helps them navigate the barriers that hinder their educational attainment. The organization's services have proven successful, with 60% of Met graduates going on to post-secondary education or training and remaining enrolled for two years after graduation. As demand for GEI's services continues to exceed capacity, the organization plans to open additional facilities as Indiana legislation and public funding allow.
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Impact
October, 2024
Goodwill Education Initiatives Inc. significantly impacts the educational landscape in Indianapolis, focusing on providing vital opportunities for both young individuals and adults seeking to enhance their success in life and work. Established in response to the pressing need for educational support among those facing employment challenges, GEI operates multiple charter schools, including the Indianapolis Metropolitan High School (The Met) and Excel Centers, which serve a diverse student body.
The Met focuses on high-risk students, particularly those in foster care or involved with the juvenile justice system, offering them a path to graduation that may have seemed out of reach. Since its inception, over 700 students have graduated from The Met, with 60% of these graduates continuing on to post-secondary education or training.
On the other hand, the Excel Centers cater primarily to adults who dropped out of high school, providing them with the opportunity to earn a high school diploma. With a growing demand, the Excel Centers have expanded to 15 locations, impacting over 4,000 students, and have seen more than 7,000 graduates since their first location opened in 2010. Each student is paired with a life coach to help navigate academic hurdles, ensuring a more supportive learning environment.
GEI’s partnerships with Goodwill for business support services enhance its operational efficiency, allowing it to focus on educational delivery. The commitment to developing additional facilities reflects GEI's responsiveness to community needs, ensuring that individuals have access to the resources necessary for educational attainment and personal growth. The overall impact of Goodwill Education Initiatives Inc. is a transformative contribution to the educational and economic empowerment of the communities it serves in Indiana.
This information is meant to be a general summary of Goodwill Education Initiatives 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: $109,947
- Program Service Revenue: $530,000
- Gross Receipts: $35,840,790
Assets and Liabilities:
- Total Assets: $25,308,391
- Total Liabilities: $1,750,008
- Net Assets: $23,558,383
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INIS SERVICE FEES
Revenue
$530,000
Organization Details
Founding Year
2004
Phone
(317) 524-4313Principal Officer
Daniel J Riley
Main Address
1635 W MICHIGAN ST, INDIANAPOLIS, IN, 46222
NTEE Category
Code: B240 - Education
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