Overview
What is Goodwill Retail Services Inc?
Goodwill Retail Services Inc is a Wisconsin-based corporation and the sole member of Goodwill Industries of Southeastern Wisconsin, Inc. This nonprofit organization's primary mission is to generate revenue through retail operations to support its charitable initiatives. Goodwill Retail operates 73 stores and provides employment opportunities for over 3,600 individuals, many of whom face barriers to employment. The organization focuses on serving people with disabilities or disadvantages. By offering training, employment, and supportive services, Goodwill Retail contributes to its parent corporation's broader mission of empowering individuals to improve their lives and reach their full potential. In 2022, Goodwill Retail employed a total workforce of 7,697 people.
Official website here: www.goodwillsew.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Goodwill Retail Services Inc has received a Two-Star out of Four Star rating from Charity Navigator, with an overall score of 64%. The organization demonstrates strong governance, evidenced by independent board members and robust financial oversight policies. However, the low program expense ratio and fundraising efficiency significantly impact its overall score, indicating that a substantial portion of its funds may not be directed towards programmatic activities.
While the nonprofit has a well-structured board and adheres to essential accountability measures, its financial health is questionable. The high liabilities to assets ratio of 68.87% raises concerns about long-term sustainability. Despite being transparent regarding CEO compensation and operational procedures, the organization needs to improve its financial strategies to enhance its service delivery and effectiveness.
Overall, Goodwill Retail Services Inc has strengths in governance and transparency but faces challenges in financial management and program funding. Addressing these limitations could lead to better outcomes for the communities it serves.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Goodwill Retail Services Inc?
72% of 17 reviewers on Facebook recommend Goodwill Retail Services Inc. Here is a summary of their reviews: Many patrons have highlighted the opportunity to find new and unworn clothing at their stores, often at very affordable prices. Shoppers appreciate the variety and value available, making their visits worthwhile.
While some users express satisfaction with their shopping experiences, the overall recommendation rate suggests that there is room for improvement in service or product selection. Still, the emphasis on affordability and new items resonates positively with a portion of the customers.
In summary, Goodwill Retail Services Inc tends to meet the needs of bargain hunters looking for quality items at budget-friendly prices. The positive aspects of the shopping experience are evident, though not universally praised.
This AI summary has been generated from reviews found on Facebook.
Is Goodwill Retail Services Inc legitimate?
Goodwill Retail Services Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Goodwill Retail Services 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: $431,234
Professional Fundraising Fees: $0
Other Salaries and Wages: $78,039,566
For more financial information, click here
Official website here: www.goodwillsew.com
What is the mission statement of Goodwill Retail Services Inc?
Goodwill Retail Services Inc is a non-profit corporation, with its sole member being Goodwill Industries of Southeastern Wisconsin, Inc. The organization's primary mission is to generate income for its parent corporation, enabling it to carry out various programs aimed at providing training, employment, and supportive services to individuals with disabilities or disadvantages. In 2022, Goodwill Retail operated 73 stores and offered employment opportunities to over 3,600 people. By providing work opportunities, the organization not only advances its charitable mission but also empowers individuals who face barriers to employment. The corporation's commitment to its cause extends beyond revenue generation, as it offers valuable learning experiences for its employees.
Official website here: www.goodwillsew.com
Who is the CEO of Goodwill Retail Services Inc?
Jacqueline Hallberg is the President & Ceo of Goodwill Retail Services Inc. The CEO's salary of Goodwill Retail Services Inc is $0 and their total compensation is $835,903.
Official website here: www.goodwillsew.com
What is the revenue of Goodwill Retail Services Inc?
Goodwill Retail Services Inc's revenue in 2022 was $200,242,275.
Official website here: www.goodwillsew.com
Who are the executives of Goodwill Retail Services Inc and what are their salaries?
The average compensation at Goodwill Retail Services Inc during 2022 was $10,195. There are 7697 employees and 6 volunteers at Goodwill Retail Services Inc.
Here are 16 key members and their salaries (Goodwill Retail Services Inc's CEO's salary is $0 and their total compensation is $835,903):
- Compensation: $0
- Related: $803,146
- Other: $32,757
- Compensation: $0
- Related: $478,644
- Other: $39,167
- Compensation: $385,010
- Related: $0
- Other: $46,224
- Compensation: $0
- Related: $343,300
- Other: $45,155
- Compensation: $0
- Related: $346,802
- Other: $34,465
- Compensation: $250,043
- Related: $0
- Other: $39,674
- Compensation: $242,520
- Related: $0
- Other: $39,063
- Compensation: $164,827
- Related: $0
- Other: $34,042
- Compensation: $148,622
- Related: $0
- Other: $27,127
- Compensation: $121,716
- Related: $0
- Other: $27,105
- 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
Official website here: www.goodwillsew.com
Where can I find the form 990 for Goodwill Retail Services Inc?
Goodwill Retail Services Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.goodwillsew.com
Learn more at the official website: www.goodwillsew.com
Mission Statement of Goodwill Retail Services Inc
Goodwill Retail Services Inc, a not-for-profit Wisconsin corporation, is the trading arm of Goodwill Industries of Southeastern Wisconsin, Inc. This social enterprise plays a vital role in promoting the charitable mission of its parent organization by generating revenue and providing employment opportunities. Goodwill Retail operates 73 stores and offers workplaces for over 3,600 individuals, many of whom face barriers to employment. The organization's primary objective is to provide training, employment, and supportive services for people with disabilities or disadvantages.
In the heart of its operations, Goodwill Retail Services functions as a source of income for Goodwill Industries of Southeastern Wisconsin, enabling the organization to fund and expand its programs that cater to individuals with diverse needs. As a socially responsible business, Goodwill Retail provides employment for local residents, creating a ripple effect of positive change in the community. The organization's employees undergo training, learning essential skills that prepare them for a meaningful career. This holistic approach to employment ensures that each person can contribute to their full potential, fostering personal growth and self-sufficiency.
Goodwill Retail Services' mission extends beyond financial gains, as it also aims to make a difference in the lives of its employees. By offering work opportunities, the organization empowers individuals to break free from the cycle of poverty and become self-sufficient members of their communities. In doing so, Goodwill Retail Services contributes to a more inclusive society where everyone has an equal opportunity to thrive.
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Impact
October, 2024
Goodwill Retail Services Inc plays a significant role in promoting economic empowerment and social inclusion within the community. By operating 73 stores in Milwaukee, the organization provides crucial employment opportunities for local residents, particularly for those facing barriers to employment due to disabilities or other disadvantages.
In 2022, over 3,600 individuals found gainful employment through Goodwill Retail, which directly contributes to enhanced financial stability for these workers and their families. The organization not only delivers jobs but also ensures that employees receive essential training and supportive services that further their personal and professional development.
The revenue generated from these retail operations supports the broader mission of Goodwill Industries of Southeastern Wisconsin, facilitating various programs aimed at providing training and employment assistance to individuals with disabilities or disadvantages. By fostering a culture of inclusion and support, Goodwill Retail Services Inc significantly impacts the community, reducing unemployment rates and helping individuals achieve greater independence and quality of life.
This information is meant to be a general summary of Goodwill Retail Services 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: $40,590
- Gross Receipts: $203,172,912
Assets and Liabilities:
- Total Assets: $139,243,053
- Total Liabilities: $88,633,061
- Net Assets: $50,609,992
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Organization Details
Founding Year
2001
Phone
(414) 847-4200Principal Officer
Jacqueline Hallberg
Main Address
6055 N 91ST STREET, MILWAUKEE, WI, 53225
Website
www.goodwillsew.comNTEE Category
Code: J32 - Employment
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