Overview
What is Goodwill Retail Services?
Goodwill Retail Services is a significant division of Goodwill Industries of Southern California, a California nonprofit corporation recognized as exempt under IRS section 501(c)(3). With approximately 2,700 employees, they operate 87 mission-related stores in Los Angeles, CA. Their primary role is to support and further the humanitarian objectives of Goodwill Industries of Southern California, a publicly recognized 501(c)(3) charity. The mission of Goodwill Retail Services is to contribute to and execute the charitable endeavors of Goodwill Industries of Southern California. They employ a team of 2,898 individuals to manage and run these retail stores, aiming to generate revenue that funds various charitable programs.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star Rating)
Goodwill Retail Services has earned a Three-Star rating from Charity Navigator, reflecting a solid score of 79%. This rating is based entirely on the organization's performance in Accountability & Finance, which indicates a strong commitment to transparency and responsible financial management. The score suggests that Goodwill is effectively utilizing its resources while maintaining a high level of accountability to its stakeholders.
The organization demonstrates several strengths, including a fully independent board and a minimal diversion of assets, which indicates strong governance and ethical practices. Additionally, Goodwill maintains excellent standards in financial oversight, with all necessary policies in place, including conflict of interest and whistleblower protections. The program expense ratio is exceptionally high at 99.56%, suggesting that the majority of funds are directed toward its mission-driven activities.
However, while the financial management appears robust, the data does report substantial salaries for key personnel, which might raise questions among donors regarding compensation structures. Overall, Goodwill Retail Services shows a commendable commitment to financial accountability, although potential donors may want to consider executive compensation in their decision-making process.
This AI summary has been generated from information found on Charity Navigator.
Is Goodwill Retail Services legitimate?
Goodwill Retail Services is a legitimate nonprofit organization registered as a 501(c)(3) entity. Goodwill Retail Services 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: $359,714
Professional Fundraising Fees: $0
Other Salaries and Wages: $46,873,820
For more financial information, click here
What is the mission statement of Goodwill Retail Services?
Goodwill Retail Services is dedicated to furthering the charitable objectives of Goodwill Industries of Southern California, a recognized 501(C)(3) public charity. Their mission aligns with that of Goodwill Industries, as a public benefit corporation exempt under Section 501(C)(3) of the Internal Revenue Code, and described in Section 501(A)(1) of the code as a public charity. The primary goal of Goodwill Retail Services is to support and advance the philanthropic endeavors of Goodwill Industries of Southern California.
Who is the CEO of Goodwill Retail Services?
John Patrick Mcclenahan is the CEO of Goodwill Retail Services The CEO's salary of Goodwill Retail Services is $0 and their total compensation is $749,027.
What is the revenue of Goodwill Retail Services?
Goodwill Retail Services's revenue in 2023 was $53,941,384.
Who are the executives of Goodwill Retail Services and what are their salaries?
The average compensation at Goodwill Retail Services during 2023 was $16,515. There are 2860 employees and 4 volunteers at Goodwill Retail Services.
Here are 12 key members and their salaries (Goodwill Retail Services's CEO's salary is $0 and their total compensation is $749,027):
- 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: $703,747
- Other: $45,280
- Compensation: $271,060
- Related: $271,060
- Other: $24,838
- Compensation: $66,939
- Related: $267,756
- Other: $46,480
- Compensation: $140,293
- Related: $0
- Other: $10,172
- Compensation: $138,175
- Related: $0
- Other: $11,405
- Compensation: $131,946
- Related: $0
- Other: $30,421
- Compensation: $131,036
- Related: $0
- Other: $11,979
- Compensation: $120,778
- Related: $0
- Other: $15,920
Where can I find the form 990 for Goodwill Retail Services?
Goodwill Retail Services's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Goodwill Retail Services
Goodwill Retail Services is a mission-driven organization that works in alignment with Goodwill Industries of Southern California, a recognized 501(c)(3) public charity. This nonprofit entity is dedicated to advancing the charitable purposes of Goodwill Industries, as described in Section 501(c)(3) of the Internal Revenue Code. In essence, Goodwill Retail Services serves as a vital conduit, supporting and benefiting the overarching charitable initiatives of Goodwill Industries of Southern California.
In their role, Goodwill Retail Services functions as a California nonprofit public benefit corporation, recognized by the Internal Revenue Service as a public charity under Section 501(a)(1) of the Code. Their primary objective is to contribute to the noble cause of Goodwill Industries, which is to carry out its charitable missions in a manner that positively impacts society. By doing so, Goodwill Retail Services plays a significant role in furthering the organization's commitment to its mission.
Through their endeavors, Goodwill Retail Services strengthens the Goodwill Industries' network, ensuring that the organization can continue to make a difference in the lives of individuals and communities. Together, they strive to create opportunities for people to transform their lives through education, training, and employment. Their collaborative efforts aim to break the cycle of poverty and provide a pathway to self-sufficiency. By supporting the charitable causes of Goodwill Industries, Goodwill Retail Services makes a tangible difference in the lives of those they serve.
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Impact
October, 2024
Goodwill Retail Services plays a significant role in supporting the operations of Goodwill Industries of Southern California by providing approximately 2,700 retail staff across 87 mission-related stores. This substantial workforce ensures that the stores can effectively serve their communities while fulfilling their charitable missions.
The organization contributes to job creation and workforce development, offering employment opportunities that empower individuals and help them build skills for future career advancement. By supporting Goodwill Industries in this capacity, Goodwill Retail Services not only helps sustain retail operations but also aids in addressing broader social issues such as unemployment and underemployment in the region. Their impact extends beyond retail, as it fosters community engagement and improves the overall well-being of the populations they serve in Los Angeles and surrounding areas.
This information is meant to be a general summary of Goodwill Retail Services. 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.
- Program Service Revenue: $53,941,384
- Gross Receipts: $53,941,384
Assets and Liabilities:
- Total Assets: $9,416,523
- Total Liabilities: $9,416,523
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STAFFING SERVICE FEES
Revenue
$53,941,384
Organization Details
Founding Year
2011
Principal Officer
Patrick Mcclenahan
NTEE Category
Code: J11 - Employment
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