Overview
What is Goodwill Industries Of The Valley Works?
Goodwill Industries of the Valley Works is a nonprofit organization based in Roanoke, Virginia. They collect donated goods from the community, primarily items such as clothing, shoes, toys, household goods, furniture, small electronics, and more, which are later sold in their retail stores. The revenue generated from these sales supports the organization's mission to empower individuals, strengthen families, and inspire communities. They offer job skills training and work placement opportunities, removing barriers to help people achieve their full potential. This funding supports both Goodwill Industries of the Valley Works and its parent company, Goodwill Industries of the Valleys, Inc. With a team of 1,741 employees, they strive to make a positive impact on individuals and families through their comprehensive approach.
Official website here: www.goodwillvalleys.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Stars)
Goodwill Industries of the Valley Works has achieved a Three-Star rating from Charity Navigator, primarily based on its strong accountability and finance practices. The organization scored 84%, indicating a solid level of transparency and responsible financial management. Key strengths include having a fully independent board, a high program expense ratio of 94.63%, and comprehensive policies regarding conflict of interest and whistleblowing.
Despite these strengths, the organization does face some limitations in financial ratios. The liabilities to assets ratio stands at 52.08%, which could indicate some financial risk, while a fundraising efficiency ratio of $0.002 suggests that fundraising efforts could be more effective. The working capital ratio of 0.20 years also indicates potential challenges in meeting short-term obligations.
Overall, Goodwill Industries of the Valley Works demonstrates a commitment to accountability and effective service delivery, but there are areas in financial efficiency that may require attention to ensure long-term sustainability and growth.
This AI summary has been generated from information found on Charity Navigator.
Is Goodwill Industries Of The Valley Works legitimate?
Goodwill Industries Of The Valley Works is a legitimate nonprofit organization registered as a 501(c)(3) entity. Goodwill Industries Of The Valley Works 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: $301,020
Professional Fundraising Fees: $0
Other Salaries and Wages: $23,231,458
For more financial information, click here
Official website here: www.goodwillvalleys.com
What is the mission statement of Goodwill Industries Of The Valley Works?
Goodwill Industries Of The Valley Works strives to empower individuals and strengthen families by providing job skills training and work placement opportunities. Their mission is focused on removing barriers to achieve one's greatest potential. The organization generates revenue through the sale of donated goods in retail stores. These donated items, including clothing, furniture, electronics, and household goods, are transformed into funds to support skills training, placement services, and support systems for people in need. Through this multi-generational approach, Goodwill Industries Of The Valley Works aims to inspire communities and help individuals realize their full potential.
Official website here: www.goodwillvalleys.com
Who is the CEO of Goodwill Industries Of The Valley Works?
Richmond J Vincent Jr is the Chair of Goodwill Industries Of The Valley Works. The CEO's salary of Goodwill Industries Of The Valley Works is $0 and their total compensation is $271,064.
Official website here: www.goodwillvalleys.com
What is the revenue of Goodwill Industries Of The Valley Works?
Goodwill Industries Of The Valley Works's revenue in 2022 was $108,774,597.
Official website here: www.goodwillvalleys.com
Who are the executives of Goodwill Industries Of The Valley Works and what are their salaries?
The average compensation at Goodwill Industries Of The Valley Works during 2022 was $13,517. There are 1741 employees and 20 volunteers at Goodwill Industries Of The Valley Works.
Here are 33 key members and their salaries (Goodwill Industries Of The Valley Works's CEO's salary is $0 and their total compensation is $271,064):
- 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: $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: $0
- Related: $251,034
- Other: $20,030
- Compensation: $0
- Related: $185,287
- Other: $19,308
- Compensation: $0
- Related: $165,748
- Other: $690
- Compensation: $182,966
- Related: $0
- Other: $10,303
- Compensation: $0
- Related: $173,891
- Other: $9,305
- Compensation: $126,741
- Related: $0
- Other: $4,378
- Compensation: $0
- Related: $123,630
- Other: $9,196
- Compensation: $0
- Related: $107,257
- Other: $8,401
- Compensation: $0
- Related: $99,991
- Other: $11,447
- Compensation: $0
- Related: $118,415
- Other: $12,141
- Compensation: $0
- Related: $117,700
- Other: $2,496
- Compensation: $0
- Related: $104,036
- Other: $11,698
- Compensation: $0
- Related: $99,421
- Other: $12,901
Official website here: www.goodwillvalleys.com
Where can I find the form 990 for Goodwill Industries Of The Valley Works?
Goodwill Industries Of The Valley Works's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.goodwillvalleys.com
Learn more at the official website: www.goodwillvalleys.com
Mission Statement of Goodwill Industries Of The Valley Works
Goodwill Industries Of The Valley Works is a mission-driven organization that empowers individuals to reach their full potential. Through its work, the nonprofit creates opportunities for people to overcome various barriers and strengthen their families and communities.
At the heart of Goodwill Industries Of The Valley Works' mission is the belief that everyone deserves a chance to succeed. To achieve this, the organization provides job skills training and work placement opportunities. The training is designed to equip individuals with the necessary skills to secure employment and build a better future for themselves and their families. This approach is multigenerational, acknowledging that every person's journey to self-sufficiency is unique.
Goodwill Industries Of The Valley Works' primary source of funding for these programs comes from the sale of donated goods. The public contributes unwanted items to Goodwill's community donation centers, which are then sold in retail stores operated by the organization. These stores offer a variety of merchandise, including clothing, shoes, toys, household goods, furniture, small electronics, and other items. The revenue generated from sales supports the organization's training, placement, and support services, allowing Goodwill Industries Of The Valley Works to continue its mission and make a positive impact on the lives of those it serves.
In summary, Goodwill Industries Of The Valley Works is a nonprofit organization dedicated to empowering individuals to reach their greatest potential by providing job skills training, work placement opportunities, and necessary support services. Its mission is supported by the sale of donated goods, which generate revenue for the organization and fund its essential programs. By offering multigenerational opportunities, Goodwill Industries Of The Valley Works helps individuals overcome barriers and strengthen their families and communities.
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 The Valley Works plays a transformative role in the community by empowering individuals to reach their maximum potential. Through skill training and job placement services, the organization provides vital support to those looking to enhance their employability and financial independence.
By collecting and reselling donated goods such as clothing, household items, and small electronics, Goodwill not only generates revenue to fund these programs but also promotes sustainability through reuse and recycling. The funds raised directly contribute to a variety of services designed to remove barriers to employment, helping individuals and families strengthen their livelihoods.
This multifaceted approach fosters community resilience and inspires a collective commitment to improving the quality of life for all residents in the Roanoke area and beyond. By focusing on skill development and workforce readiness, Goodwill Industries Of The Valley Works ensures that individuals can take charge of their futures, strengthening families and uplifting entire communities in the process.
This information is meant to be a general summary of Goodwill Industries Of The Valley Works. 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: $77,782
- Program Service Revenue: $56,165,973
- Gross Receipts: $109,196,819
Assets and Liabilities:
- Total Assets: $39,096,894
- Total Liabilities: $20,362,463
- Net Assets: $18,734,431
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.
STORES & SALVAGE SALES
Revenue
$53,028,520
CONTRACT REVENUE
Revenue
$3,137,453
Organization Details
Founding Year
2009
Phone
(540) 581-0620Principal Officer
Richmond J Vincent Jr
Main Address
2502 MELROSE AVE NW, ROANOKE, VA, 24017
Website
www.goodwillvalleys.comNTEE Category
Code: P11 - Human services
If you are a representative of Goodwill Industries Of The Valley Works 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.