Overview
What is Goodwill Industries Of Northern Michigan Inc?
Goodwill Industries of Northern Michigan Inc is a nonprofit organization, based in Traverse City, Michigan, with a workforce of 305 employees. Their mission is to strengthen communities by empowering individuals in need to reach their full potential. They achieve this by utilizing their eight retail stores, e-commerce platform, and salvage operations. The revenue generated from the sale of donated clothing and household goods is used to fund and support critical community programs and services. The organization's social enterprise not only addresses the fundamental needs of their neighbors but also collaborates to address complex social challenges. Through deploying resources responsibly and strategically, Goodwill Industries of Northern Michigan Inc advances human dignity and inclusivity, and empowers their employees to reach their full potential.
Official website here: www.goodwillnmi.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 100% (Four-Star out of Four Star rating)
Goodwill Industries of Northern Michigan Inc has achieved a perfect score of 100%, indicating a strong commitment to accountability and financial management. The organization's rating is based solely on the Accountability & Finance beacon, reflecting its transparency and responsible stewardship of resources. Highlights include a completely independent board and robust audit practices, showcasing its dedication to governance standards.
The organization boasts an impressive program expense ratio of 90.21%, which suggests that a substantial portion of its funds directly supports its programs. Furthermore, Goodwill maintains a strong financial position, as indicated by its low liabilities to assets ratio of 22.38%. This financial health allows the organization to effectively fulfill its mission and serve the community.
No significant limitations were noted in the available data, which further underscores Goodwill's robust operational practices. Policies regarding conflict of interest, whistleblowing, and document retention are in place, contributing to a culture of accountability and ethical conduct within the organization. Overall, Goodwill Industries of Northern Michigan Inc exemplifies a model of effective nonprofit management.
This AI summary has been generated from information found on Charity Navigator.
Is Goodwill Industries Of Northern Michigan Inc legitimate?
Goodwill Industries Of Northern Michigan Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Goodwill Industries Of Northern Michigan 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: $281,836
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,092,370
For more financial information, click here
Official website here: www.goodwillnmi.org
What is the mission statement of Goodwill Industries Of Northern Michigan Inc?
Goodwill Industries of Northern Michigan Inc strives to strengthen communities by empowering individuals in need to reach their full potential. Through their community-supported social enterprise, they address fundamental needs and collaborate to tackle complex social challenges. They deploy resources responsibly and strategically to promote human dignity, inclusivity, and the growth of their Goodwill employees. In essence, Goodwill Industries of Northern Michigan Inc is committed to improving lives and communities by empowering people to overcome obstacles and thrive.
Official website here: www.goodwillnmi.org
Who is the CEO of Goodwill Industries Of Northern Michigan Inc?
Dan Buron is the Chairperson of Goodwill Industries Of Northern Michigan Inc.
Official website here: www.goodwillnmi.org
What is the revenue of Goodwill Industries Of Northern Michigan Inc?
Goodwill Industries Of Northern Michigan Inc's revenue in 2022 was $21,849,253.
Official website here: www.goodwillnmi.org
Who are the executives of Goodwill Industries Of Northern Michigan Inc and what are their salaries?
The average compensation at Goodwill Industries Of Northern Michigan Inc during 2022 was $20,899. There are 305 employees and 203 volunteers at Goodwill Industries Of Northern Michigan Inc.
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- Compensation: $107,700
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- Other: $13,733
Official website here: www.goodwillnmi.org
Where can I find the form 990 for Goodwill Industries Of Northern Michigan Inc?
Goodwill Industries Of Northern Michigan Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.goodwillnmi.org
Learn more at the official website: www.goodwillnmi.org
Mission Statement of Goodwill Industries Of Northern Michigan Inc
Goodwill Industries of Northern Michigan, a mission-driven organization, aims to strengthen communities by empowering individuals in need to reach their full potential. Through its community-supported social enterprise, the nonprofit addresses fundamental needs of its neighbors. By collaborating to tackle complex social challenges, Goodwill Industries of Northern Michigan strategically deploys resources to uphold human dignity and inclusivity. The organization's efforts extend beyond just empowering those in need; it also strives to empower its own Goodwill employees, enabling them to reach their full potential.
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Impact
October, 2024
Goodwill Industries of Northern Michigan Inc. plays a vital role in empowering individuals and fostering community growth. By providing on-the-job training and employment opportunities through its eight retail stores, e-commerce platforms, and salvage operations, it equips people in need with the skills necessary for personal and professional success.
Revenue generated from the sale of donated goods directly supports a variety of community-based programs and services, demonstrating a strong commitment to addressing complex social challenges. The organization focuses on meeting fundamental needs and enhancing human dignity by collaborating with other local entities to create a more inclusive environment.
Through its initiatives, Goodwill not only offers essential job training but also strengthens the overall fabric of the community, enabling residents to reach their full potential and contributing to a more resilient and empowered society.
This information is meant to be a general summary of Goodwill Industries Of Northern Michigan 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: -$106,709
- Program Service Revenue: $13,342,964
- Gross Receipts: $22,133,196
Assets and Liabilities:
- Total Assets: $26,340,751
- Total Liabilities: $5,896,977
- Net Assets: $20,443,774
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RETAIL STORE SALES
Revenue
$12,073,711
FOOD SERVICE
Revenue
$1,038,909
OTHER PROGRAM SERVICE
Revenue
$230,344
Organization Details
Founding Year
1972
Phone
(231) 995-7709Principal Officer
Dan Buron
Main Address
2279 SOUTH AIRPORT ROAD WEST, TRAVERSE CITY, MI, 49684
Website
www.goodwillnmi.orgNTEE Category
Code: J32Z - Employment
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