Overview
What is Goodwill Excel Center Midsouth Inc?
Goodwill Excel Center Midsouth Inc is a nonprofit organization situated in Memphis, Tennessee. Their primary mission is to offer adult learners aged 18 and above the opportunity to obtain a high school diploma, subsequently paving the way for post-secondary education. Recognizing the hurdles adults often face, such as childcare, transportation, and economic or family issues, the center provides up to 4 hours of free childcare, bus passes, and life coaching. By adopting a flexible structure and offering supportive relationships, the Excel Center caters to students' work, life, and family concerns, enabling them to successfully complete their education and pursue better-than-average employment opportunities in the local economy. With a dedicated team of 40 employees, Goodwill Excel Center Midsouth Inc is committed to empowering adults to achieve their educational goals and build fulfilling careers.
Official website here: www.goodwillmemphis.org/excel-center/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning a Two-Star out of Four Star rating.
Goodwill Excel Center Midsouth Inc has received a 73% rating from Charity Navigator, indicating that while the organization meets certain standards of accountability and finance, there are areas for improvement. The nonprofit boasts a fully independent board and strong financial policies, which suggests a commitment to transparency and governance. However, the program expense ratio is notably low, indicating that a smaller portion of the expenses goes towards the organization's programs compared to overall expenditures.
Strengths include a perfect score in several governance aspects, such as having a conflict of interest policy and a whistleblower policy in place. The organization also exhibits strong financial audits and has a low material diversion of assets, which reflects its integrity in financial management. These aspects contribute positively to its overall rating and demonstrate a responsible approach to handling funds.
On the downside, the program expense ratio reveals that only about 55% of its expenses are directed towards programs, which raises questions about the efficiency of resource allocation. Additionally, the liabilities to assets ratio at 56.32% might indicate some financial strain, suggesting that the organization must focus on improving its operational efficiency and programmatic impact to enhance its rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Goodwill Excel Center Midsouth Inc legitimate?
Goodwill Excel Center Midsouth Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Goodwill Excel Center Midsouth 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: $0
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Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.goodwillmemphis.org/excel-center/
What is the mission statement of Goodwill Excel Center Midsouth Inc?
Goodwill Excel Center Midsouth Inc's mission is to offer adults aged 18 and above the chance to earn a high school diploma and transition into post-secondary education. The center aims to help these individuals establish career paths in sectors of the local economy that provide better-than-average employment opportunities and growth prospects. The school is committed to meeting students where they are in their educational journey, providing a flexible structure and supportive relationships to assist them in managing work, personal life, and family obligations while achieving their educational goals.
Official website here: www.goodwillmemphis.org/excel-center/
Who is the CEO of Goodwill Excel Center Midsouth Inc?
Michael Martini is the Chairman of Goodwill Excel Center Midsouth Inc. The CEO's salary of Goodwill Excel Center Midsouth Inc is $0 and their total compensation is $280,853.
Official website here: www.goodwillmemphis.org/excel-center/
What is the revenue of Goodwill Excel Center Midsouth Inc?
Goodwill Excel Center Midsouth Inc's revenue in 2022 was $4,298,045.
Official website here: www.goodwillmemphis.org/excel-center/
Who are the executives of Goodwill Excel Center Midsouth Inc and what are their salaries?
There are 40 employees at Goodwill Excel Center Midsouth Inc.
Here are 13 key members and their salaries (Goodwill Excel Center Midsouth Inc's CEO's salary is $0 and their total compensation is $280,853):
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- Related: $255,231
- Other: $25,622
Official website here: www.goodwillmemphis.org/excel-center/
Where can I find the form 990 for Goodwill Excel Center Midsouth Inc?
Goodwill Excel Center Midsouth Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.goodwillmemphis.org/excel-center/
Learn more at the official website: www.goodwillmemphis.org/excel-center/
Mission Statement of Goodwill Excel Center Midsouth Inc
Goodwill Excel Center Midsouth Inc is committed to offering adults aged 18 and above the opportunity and support necessary to earn a high school diploma and commence post-secondary education. Their mission is to empower these individuals by providing them with a flexible educational structure and supportive relationships, enabling them to manage their work, life, and family responsibilities effectively as they strive towards achieving their educational goals. The center focuses on sectors of the local economy that offer better-than-average employment and growth opportunities, thereby aiding in the development of career paths for its students. In essence, Goodwill Excel Center Midsouth Inc seeks to meet students where they are in their educational journey, offering the necessary resources and support to enable them to succeed.
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Impact
July, 2024
Goodwill Excel Center Midsouth Inc's impact is significant as it provides adults aged 18 and older with the opportunity and support to earn a high school diploma and begin post-secondary education. By addressing traditional barriers such as childcare, transportation, and economic or family issues, the Excel Center model empowers students to overcome obstacles to education. This initiative not only helps individuals achieve their educational goals but also assists them in developing career paths in sectors of the local economy that offer better-than-average employment and growth opportunities. By offering a flexible structure and supportive relationships, Goodwill Excel Center Midsouth Inc is making a tangible difference in the lives of adult learners in Memphis, TN.
This information is meant to be a general summary of Goodwill Excel Center Midsouth 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: -$30,980
- Gross Receipts: $4,329,103
Assets and Liabilities:
- Total Assets: $6,356,485
- Total Liabilities: $3,413,960
- Net Assets: $2,942,525
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Organization Details
Founding Year
2014
Phone
(901) 323-6221Principal Officer
Michael Martini
Main Address
6895 STAGE ROAD, MEMPHIS, TN, 38133
NTEE Category
Code: B29 - Education
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