Overview
What is Goodwill Industries Of Lorain County Inc?
Goodwill Industries of Lorain County Inc, located in Elyria, Ohio, is a renowned nonprofit organization. Their primary mission is to aid individuals with disabilities and other employment barriers, enabling them to achieve their highest level of independence. This is achieved through a comprehensive approach that integrates education, training, and work services. The organization's operations revolve around the resale of donated household items. These items, such as furniture and clothing, are collected and processed in their workforce development training programs. These programs are a collaborative effort between employees and consumers, creating a mutually beneficial cycle. The revenue generated from these sales supports the organization's workforce development services, which ultimately help place these individuals in competitive jobs within their community. As of the provided information, Goodwill Industries of Lorain County Inc employs 313 individuals, demonstrating its significant impact in the community.
Official website here: www.gwlco.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% - Four-Star out of Four Stars
Goodwill Industries Of Lorain County Inc has achieved a strong Four-Star rating from Charity Navigator, reflecting a high level of accountability and financial transparency. The organization scored 92% in its Accountability & Finance metrics, which is significant as it indicates effective management of resources and adherence to best practices in governance. The charity benefits from a fully independent board, ensuring unbiased oversight, and has no history of asset diversion.
The organization demonstrates sound financial health with impressive ratios, including a program expense ratio of 91.55%, indicating that a large proportion of its expenditures directly support its mission. Additionally, they have successfully maintained a low fundraising efficiency cost, which suggests effective fundraising strategies. They also adhere to strong policies regarding conflicts of interest and whistleblower protections, contributing to overall trustworthiness.
While Goodwill Industries Of Lorain County Inc shows robust financial and operational metrics, one area noted for improvement is fundraising efficiency, which received a lower score. This could suggest a need for more effective fundraising strategies to increase contributions, ensuring sustained support for their mission. Overall, the organization stands out as a reliable option for donors looking to support community services and job training programs.
This AI summary has been generated from information found on Charity Navigator.
Is Goodwill Industries Of Lorain County Inc legitimate?
Goodwill Industries Of Lorain County Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Goodwill Industries Of Lorain County 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: $198,733
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,540,476
For more financial information, click here
Official website here: www.gwlco.org
What is the mission statement of Goodwill Industries Of Lorain County Inc?
Goodwill Industries of Lorain County Inc's mission is centered around assisting individuals with disabilities and those facing various employment barriers. Their goal is to help these individuals achieve their highest level of independence through a process that involves education, training, and work services. By doing so, Goodwill aims to transform them into more productive and independent community members.
The organization accomplishes this mission by utilizing donated household items. These items are sorted and processed by both employees and consumers participating in workforce development training programs. The processed goods are then sold in Goodwill's seven retail stores. The revenue generated from these sales supports Goodwill's workforce development services, which in turn, aids in placing consumers in competitive jobs within their local community.
Official website here: www.gwlco.org
Who is the CEO of Goodwill Industries Of Lorain County Inc?
Alonzo Vance is the President & of Goodwill Industries Of Lorain County Inc.
Official website here: www.gwlco.org
What is the revenue of Goodwill Industries Of Lorain County Inc?
Goodwill Industries Of Lorain County Inc's revenue in 2022 was $6,014,952.
Official website here: www.gwlco.org
Who are the executives of Goodwill Industries Of Lorain County Inc and what are their salaries?
The average compensation at Goodwill Industries Of Lorain County Inc during 2022 was $8,751. There are 313 employees at Goodwill Industries Of Lorain County Inc.
Here are 12 key members and their salaries:
- Compensation: $114,169
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- Other: $0
- Compensation: $84,834
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- Other: $0
Official website here: www.gwlco.org
Where can I find the form 990 for Goodwill Industries Of Lorain County Inc?
Goodwill Industries Of Lorain County Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.gwlco.org
Learn more at the official website: www.gwlco.org
Mission Statement of Goodwill Industries Of Lorain County Inc
Goodwill Industries of Lorain County Inc is dedicated to assisting individuals with disabilities and other barriers to employment in achieving their highest level of independence. Their mission is to facilitate the transformation of these individuals into more productive and independent community members through a process that combines education, training, and work services.
By embracing the donated household items that people generously contribute to Goodwill Industries, the organization sets in motion a cycle of opportunity. These donations are sorted and processed by both employees and participants in Goodwill's workforce development training programs. Subsequently, these items are put up for sale in Goodwill's seven retail stores. The revenue generated from these sales serves a crucial purpose, as it supports the organization's workforce development services. These services empower consumers to secure competitive jobs within the community.
In essence, Goodwill Industries of Lorain County Inc is a beacon of hope for those who face challenges in securing employment. By providing education, training, and work opportunities, the organization enables individuals to overcome barriers and become active, productive members of their communities.
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Impact
October, 2024
Goodwill Industries of Lorain County Inc significantly impacts its local community by empowering individuals with disabilities and others facing barriers to employment. By creating opportunities for these individuals to gain skills and confidence, the organization fosters a pathway to greater independence and productivity.
The process begins with the generous contributions of usable household items from the community. These donations are sorted and processed by both individuals in workforce development training programs and employees, all of whom benefit from hands-on experience. The items are then sold in Goodwill's seven retail stores, generating revenue that directly supports workforce development services.
The core mission of Goodwill is to assist individuals in overcoming obstacles to employment through comprehensive education and training programs. By focusing on skill-building and job placement, they help participants secure competitive jobs in the community. This not only enhances the lives of those they serve but also contributes to the local economy by fostering a more inclusive workforce.
Overall, Goodwill Industries of Lorain County Inc plays a crucial role in transforming lives, promoting independence, and contributing to a vibrant, engaged community.
This information is meant to be a general summary of Goodwill Industries Of Lorain County 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: $3,060
- Program Service Revenue: $862,880
- Gross Receipts: $10,198,530
Assets and Liabilities:
- Total Assets: $7,826,223
- Total Liabilities: $2,468,148
- Net Assets: $5,358,075
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALVAGE
Revenue
$541,094
VOCATIONAL REVENUE
Revenue
$259,264
CONTRACT REVENUE
Revenue
$62,522
Organization Details
Founding Year
1928
Phone
(440) 244-3174Principal Officer
Alonzo Vance
Main Address
145 KEEP COURT, ELYRIA, OH, 44035
Website
www.gwlco.orgNTEE Category
Code: J30 - Employment
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