Overview
What is Goodwill Industries Vocational Enterprises Inc?
Goodwill Industries Vocational Enterprises Inc is a nonprofit organization based in Duluth, Minnesota, with a US address at 701 Garfield Avenue, 55802. Their mission is to transform lives and generate independence through learning and the power of work. They offer various employment services, including center-based and community employment opportunities. In their center-based programs, individuals can develop their vocational potential through jobs in clerical work, retail, light manufacturing, and sorting/pricing of donated household items. In community employment, individuals work in the local business community, gaining skills and experience in a supportive environment. With a team of 401 employees, Goodwill Industries Vocational Enterprises Inc aims to provide training, jobs, and support services for people with employment barriers, enabling them to reach greater independence.
Official website here: www.truenorthgoodwill.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Stars
Goodwill Industries Vocational Enterprises Inc has achieved a commendable Four-Star rating from Charity Navigator, indicating strong accountability and financial health. The organization scored exceptionally well across various metrics, particularly in having a majority of independent board members and effective financial oversight, showcasing its commitment to transparency and responsible management.
Strengths of the organization include a high program expense ratio of 83.15%, which reflects a significant portion of its resources directed towards its charitable programs. Additionally, the organization demonstrates a low ratio of liabilities to assets at 14.73%, indicating sound financial stability. The presence of comprehensive policies, such as conflict of interest and whistleblower policies, further underscores its commitment to ethical governance.
However, one limitation noted in the ratings is the fundraising efficiency ratio, which received a score of $0.0025. This suggests that the organization may not be maximizing its fundraising efforts, potentially impacting its ability to generate more resources for its programs. Overall, Goodwill Industries Vocational Enterprises Inc stands out for its strong governance and effective use of funds in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Goodwill Industries Vocational Enterprises Inc legitimate?
Goodwill Industries Vocational Enterprises Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Goodwill Industries Vocational Enterprises 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: $81,294
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,125,755
For more financial information, click here
Official website here: www.truenorthgoodwill.org
What is the mission statement of Goodwill Industries Vocational Enterprises Inc?
Goodwill Industries Vocational Enterprises Inc aims to transform lives by providing training, jobs, and support services for individuals with employment barriers, enabling them to seek greater independence. Their mission is centered around the belief that work is a fundamental basis for all services. They offer center-based employment opportunities, which include clerical, retail, light manufacturing, and sorting/pricing of donated household items, all within a structured and supportive environment. Additionally, they facilitate paid employment in the local business community, allowing individuals to develop their full vocational potential.
Official website here: www.truenorthgoodwill.org
Who is the CEO of Goodwill Industries Vocational Enterprises Inc?
Dodie Brown is the Treasurer of Goodwill Industries Vocational Enterprises Inc. The CEO's salary of Goodwill Industries Vocational Enterprises Inc is $82,500 and their total compensation is $86,677.
Official website here: www.truenorthgoodwill.org
What is the revenue of Goodwill Industries Vocational Enterprises Inc?
Goodwill Industries Vocational Enterprises Inc's revenue in 2023 was $14,442,328.
Official website here: www.truenorthgoodwill.org
Who are the executives of Goodwill Industries Vocational Enterprises Inc and what are their salaries?
The average compensation at Goodwill Industries Vocational Enterprises Inc during 2023 was $12,985. There are 401 employees and 13 volunteers at Goodwill Industries Vocational Enterprises Inc.
Here are 10 key members and their salaries (Goodwill Industries Vocational Enterprises Inc's CEO's salary is $82,500 and their total compensation is $86,677):
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- Compensation: $82,500
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- Other: $4,177
Official website here: www.truenorthgoodwill.org
Where can I find the form 990 for Goodwill Industries Vocational Enterprises Inc?
Goodwill Industries Vocational Enterprises Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.truenorthgoodwill.org
Learn more at the official website: www.truenorthgoodwill.org
Mission Statement of Goodwill Industries Vocational Enterprises Inc
Goodwill Industries Vocational Enterprises Inc, a renowned nonprofit organization, is dedicated to transforming lives for generations through learning and the power of work. This mission lies at the heart of Goodwill's ethos, with a focus on providing training, jobs, and support services for individuals with employment barriers who are driven to achieve greater independence.
Goodwill's commitment to its cause is reflected in the array of services it offers. For those who thrive in a more structured and supportive environment, the organization provides center-based employment opportunities. These positions, which can be found in various sectors such as clerical, retail, light manufacturing, and sorting/pricing of donated household items, serve as valuable stepping stones for individuals to develop their full vocational potential.
Furthermore, Goodwill extends its reach beyond its own facilities by offering community and supported employment. Through these programs, individuals are given the chance to secure paid employment within the local business community. This immersive experience allows them to continue honing their skills and maximizing their potential in a real-world setting.
Goodwill's approach to empowering individuals is rooted in the belief that work is the foundation for all aspects of a fulfilling life. By offering a range of employment services that cater to various learning styles and needs, Goodwill Industries Vocational Enterprises Inc has become a beacon of hope and opportunity for countless individuals seeking to break the cycle of unemployment and poverty.
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Impact
October, 2024
Goodwill Industries Vocational Enterprises Inc has a significant impact on individuals and the community by transforming lives through education and job opportunities. Its mission focuses on empowering people who face barriers to employment, enabling them to achieve greater independence and self-sufficiency.
The organization provides a variety of employment services tailored to meet the needs of its participants. Center-based employment opportunities allow individuals to work in a supportive environment, where they can develop essential skills in roles such as clerical work, retail, and light manufacturing. This structured setting not only fosters vocational growth but also instills confidence in individuals as they gain practical experience.
In addition to center-based employment, Goodwill facilitates community and supported employment, connecting individuals with job opportunities in the local business sector. This approach not only helps participants gain valuable work experience but also promotes integration within the community, enhancing social connections and reducing stigma associated with employment barriers.
Overall, Goodwill Industries Vocational Enterprises Inc plays a vital role in fostering workforce development and supporting individuals' journeys towards achieving their vocational potential. By prioritizing learning and the power of work, it directly contributes to the well-being and progress of individuals and, by extension, the community as a whole.
This information is meant to be a general summary of Goodwill Industries Vocational Enterprises 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 2023.
- Investment Income: $194,059
- Program Service Revenue: $7,602,189
- Gross Receipts: $14,442,328
Assets and Liabilities:
- Total Assets: $12,055,408
- Total Liabilities: $1,776,850
- Net Assets: $10,278,558
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RETAIL SERVICE REVENUE
Revenue
$7,480,573
EMPLOYMENT SERVICE REVENUE
Revenue
$121,616
Organization Details
Founding Year
1967
Phone
(218) 722-6351Principal Officer
Dodie Brown
Main Address
700 GARFIELD AVE, DULUTH, MN, 55802
Website
www.truenorthgoodwill.orgNTEE Category
Code: J32Z - Employment
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