Overview
What is Goodwill Industries Of Monocacy Valley Inc?
Goodwill Industries of Monocacy Valley Inc is a nonprofit organization located in Frederick, Maryland, with an address at 5112 Pegasus Court No M, ZIP code 21704. Their primary source of revenue comes from retail sales of donated goods, accounting for approximately 94% of their total earnings. This income funds their mission, which is to create employment opportunities for individuals with disabilities, vocational disabilities, and other employment challenges. They provide various assistance programs, including job training, placement, computer training, and job retention with coaching services. The organization's profits also support programs that are not funded by other means. With a team of 623 employees, Goodwill Industries of Monocacy Valley Inc strives to make a difference in the local community by offering hope, jobs, and futures to those in need.
Official website here: www.gimv.org
What are the reviews and ratings of this charity?
Goodwill Industries Of Monocacy Valley Inc is not currently rated by Charity Navigator due to the absence of required metrics in areas such as Accountability & Finance, Impact & Measurement, and others. This lack of a rating implies neither a positive nor negative assessment, but rather indicates insufficient publicly available data for a comprehensive evaluation.
The organization has not been fully evaluated by the Accountability & Finance methodology because it has filed fewer than three IRS Form 990s in recent years. While overall revenue and expense trends, as well as key executive compensation figures, are available, these data points alone do not meet the threshold for a complete rating.
The foundation appears financially healthy, with a balance of income sources and an independent operational status. However, without detailed insights into their impact, organizational culture, or adaptability, a complete understanding of their effectiveness and community contribution remains limited. No user reviews are available on GreatNonprofits to provide additional insights from the public.
This AI summary has been generated from information found on Charity Navigator.
Is Goodwill Industries Of Monocacy Valley Inc legitimate?
Goodwill Industries Of Monocacy Valley Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Goodwill Industries Of Monocacy Valley 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: $499,142
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,028,946
For more financial information, click here
Official website here: www.gimv.org
What is the mission statement of Goodwill Industries Of Monocacy Valley Inc?
Goodwill Industries of Monocacy Valley Inc is a non-profit organization dedicated to creating opportunities for employment in the local community. It offers assistance to individuals with disabilities, vocationally disabling conditions, and those facing other challenges to employment. The organization provides various services including job training, placement, computer training, job retention, and job coaching. The retail sales of donated goods account for a significant portion of the organization's revenue. These sales not only fund the organization's mission but also create jobs and offer training opportunities for those in need. The profits generated are used to support programs that are not funded by other means.
Official website here: www.gimv.org
Who is the CEO of Goodwill Industries Of Monocacy Valley Inc?
Susan Barnes is the Principal Officer of Goodwill Industries Of Monocacy Valley Inc. The CEO's salary of Goodwill Industries Of Monocacy Valley Inc is $158,711 and their total compensation is $165,613.
Official website here: www.gimv.org
What is the revenue of Goodwill Industries Of Monocacy Valley Inc?
Goodwill Industries Of Monocacy Valley Inc's revenue in 2020 was $13,170,888.
Official website here: www.gimv.org
Who are the executives of Goodwill Industries Of Monocacy Valley Inc and what are their salaries?
The average compensation at Goodwill Industries Of Monocacy Valley Inc during 2020 was $10,478. There are 623 employees at Goodwill Industries Of Monocacy Valley Inc.
Here are 13 key members and their salaries (Goodwill Industries Of Monocacy Valley Inc's CEO's salary is $158,711 and their total compensation is $165,613):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $158,711
- Related: $0
- Other: $6,902
- Compensation: $151,511
- Related: $0
- Other: $0
- Compensation: $162,414
- Related: $0
- Other: $19,604
Official website here: www.gimv.org
Where can I find the form 990 for Goodwill Industries Of Monocacy Valley Inc?
Goodwill Industries Of Monocacy Valley Inc's most recent form 990 was submitted in 2020 and can be accessed here.
Official website here: www.gimv.org
Learn more at the official website: www.gimv.org
Mission Statement of Goodwill Industries Of Monocacy Valley Inc
Goodwill Industries of Monocacy Valley, a local community organization, is on a mission to create hope, jobs, and futures by extending a helping hand to individuals with disabilities, vocationally disabling conditions, and those facing employment challenges. The nonprofit provides a range of assistance, from job training and placement to computer instruction, job retention, and job coaching services.
The heart of Goodwill Industries of Monocacy Valley's operations lies in the sale of donated goods. This revenue stream, which generates 94% of the organization's income, is crucial for funding their mission. Not only does the sale of donated items create jobs, but it also offers job training and coaching opportunities for those who might otherwise face barriers to employment. The profits derived from these sales are then reinvested in programs that are not supported by other funding sources.
Goodwill Industries of Monocacy Valley's commitment to its mission empowers the community by offering a chance at employment and self-sufficiency to those in need. Through its various services, the organization plays a vital role in transforming lives and fostering a more inclusive, prosperous community.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Goodwill Industries of Monocacy Valley Inc has a profound impact on the local community by focusing on employment assistance and creating a pathway to better futures for individuals facing challenges to employment. The organization generates the majority of its revenue—94%—through the retail sales of donated goods. This financial support is essential, as it directly funds crucial programs that offer job training, job placement, and various coaching services.
By providing targeted support for individuals with disabilities and other vocationally disabilitating conditions, Goodwill fosters an inclusive workforce. Their initiatives encompass job retention and computer training, ensuring that participants are equipped with the skills necessary to thrive in the job market. Through these services, Goodwill not only empowers individuals but also enhances the overall economic health of the Frederick, MD community.
The organization’s commitment to creating hope and job opportunities helps to transform lives, leading to greater self-sufficiency and increased confidence among its participants. In this way, Goodwill Industries of Monocacy Valley Inc plays a vital role in uplifting individuals and shaping a stronger, more inclusive community.
This information is meant to be a general summary of Goodwill Industries Of Monocacy Valley 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 2020.
- Investment Income: $1,038,988
- Program Service Revenue: $11,352,407
- Gross Receipts: $17,041,859
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RETAIL SALES - DONATED GOODS
Revenue
$11,352,407
Organization Details
Founding Year
1969
Phone
(301) 663-6893Principal Officer
Susan Barnes
Main Address
5112 PEGASUS COURT NO M, FREDERICK, MD, 21704
Website
www.gimv.orgNTEE Category
Code: J32Z - Employment
If you are a representative of Goodwill Industries Of Monocacy Valley Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.