Overview
What is Goodwill Industries Inc?
Goodwill Industries Inc is a prominent nonprofit organization with a mission to change lives and strengthen communities through education, training, and work. Based in Omaha, Nebraska, the organization runs 18 retail stores where the general public donates clothing, furniture, and household goods. Goodwill employees sort, price, and sell merchandise in the retail stores, with unsold items transferred to a warehouse store for sale at a specified price per pound. Goods that do not sell are salvaged and sold to third parties for recycling or resale, generating profits that help cover expenses for Goodwill's mission programs. These programs aim to increase self-sufficiency for disabled or disadvantaged individuals who struggle to find employment opportunities in the competitive labor market. With a workforce of 1,202 individuals, Goodwill strives to assist these individuals in reaching their full potential.
Official website here: www.goodwillomaha.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Stars)
Goodwill Industries Inc has received a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance with a score of 93%. The organization demonstrates robust governance practices, including a fully independent board and comprehensive financial oversight, which contribute to transparency and trust in its operations. Its high program expense ratio of 88.85% indicates a significant focus on direct services rather than overhead costs.
The organization excels in its culture and community engagement, scoring a perfect 100% in this category. Goodwill actively collects and utilizes feedback from stakeholders, which showcases its commitment to continual improvement and responsiveness to community needs. These attributes highlight Goodwill's dedication to fostering positive relationships and making impactful contributions to the communities it serves.
While Goodwill Industries performs well overall, there is a noted area for improvement regarding fundraising efficiency, with a relatively low ratio. This suggests that while the organization is effective in its mission delivery, it may need to refine its fundraising strategies to enhance financial sustainability. Nonetheless, the overall positive ratings indicate a strong and responsible organization.
This AI summary has been generated from information found on Charity Navigator.
Is Goodwill Industries Inc legitimate?
Goodwill Industries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Goodwill Industries 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: $660,076
Professional Fundraising Fees: $0
Other Salaries and Wages: $12,965,936
For more financial information, click here
Official website here: www.goodwillomaha.org
What is the mission statement of Goodwill Industries Inc?
Goodwill Industries Inc is dedicated to enhancing lives and fortifying communities through education, training, and work. Their primary goal is to enhance the self-sufficiency of individuals who face barriers in the competitive labor market, including the disabled and disadvantaged. They achieve this by providing vocational evaluations, training programs, and employment opportunities tailored to these individuals, aiming to help them reach their full potential. Goodwill Industries Inc strives to offer a comprehensive range of services that caters to the unique needs of each individual, enabling them to overcome the challenges they face and build fulfilling lives.
Official website here: www.goodwillomaha.org
Who is the CEO of Goodwill Industries Inc?
Tobi Mathouser is the Trustee of Goodwill Industries Inc. The CEO's salary of Goodwill Industries Inc is $188,197 and their total compensation is $196,794.
Official website here: www.goodwillomaha.org
What is the revenue of Goodwill Industries Inc?
Goodwill Industries Inc's revenue in 2022 was $31,000,599.
Official website here: www.goodwillomaha.org
Who are the executives of Goodwill Industries Inc and what are their salaries?
The average compensation at Goodwill Industries Inc during 2022 was $11,336. There are 1202 employees at Goodwill Industries Inc.
Here are 16 key members and their salaries (Goodwill Industries Inc's CEO's salary is $188,197 and their total compensation is $196,794):
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- Compensation: $188,197
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- Other: $8,597
- Compensation: $137,948
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- Other: $16,299
- Compensation: $141,518
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- Other: $15,690
- Compensation: $25,162
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- Other: $125
- Compensation: $104,157
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- Other: $5,409
- Compensation: $39,846
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- Other: $3,520
Official website here: www.goodwillomaha.org
Where can I find the form 990 for Goodwill Industries Inc?
Goodwill Industries Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.goodwillomaha.org
Learn more at the official website: www.goodwillomaha.org
Mission Statement of Goodwill Industries Inc
Goodwill Industries Inc, a reputable organization, is dedicated to enhancing lives and fortifying communities through education, training, and work. By providing vocational evaluations and training, Goodwill strives to boost the self-sufficiency of disadvantaged individuals who struggle to secure a foothold in the competitive labor market. This nonprofit organization goes beyond just offering employment opportunities; it aims to help these individuals reach their full potential and capability.
Goodwill Industries Inc's mission is twofold. First and foremost, it focuses on transforming lives by offering various educational programs designed to equip underserved individuals with essential skills needed to thrive in the workforce. Second, it strengthens communities by providing employment opportunities for those who face barriers to entry in the labor market. Through these endeavors, Goodwill Industries Inc plays a pivotal role in creating a ripple effect of positive change.
Capable hands are nurtured and molded within Goodwill's inclusive environment, allowing individuals to build confidence and acquire the skills necessary to secure stable employment. Furthermore, Goodwill Industries Inc extends a helping hand to those who may not have had access to these opportunities otherwise, helping them break free from the cycle of dependency and pursue a more self-sufficient life. Ultimately, Goodwill's mission is rooted in the belief that everyone deserves the chance to reach their full potential and contribute positively to their community.
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Impact
October, 2024
Goodwill Industries Inc. significantly impacts communities by transforming lives through education, training, and employment opportunities. Aimed at empowering disabled or disadvantaged individuals, Goodwill focuses on increasing self-sufficiency, enabling participants to reach their fullest potential.
Operating 18 retail stores across Omaha, Fremont, Blair, Gretna, Bellevue, Papillion, and Council Bluffs, IA, Goodwill creates a vibrant cycle of community support. The public donates clothing, furniture, and household goods, which are sorted, priced, and sold by Goodwill employees. Items that do not sell in retail stores find new life in the Goodwill warehouse store or are salvaged for recycling, maximizing the value of each donation.
The profits generated from these sales directly fund mission-driven programs that foster vocational education and training, tackling barriers that prevent many individuals from entering the competitive job market. Through these efforts, Goodwill Industries Inc. not only aids individuals in securing employment but also strengthens the fabric of the community, promoting economic growth and social inclusion for all its members.
This information is meant to be a general summary of Goodwill Industries 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: $8,041
- Program Service Revenue: $901,530
- Gross Receipts: $53,488,004
Assets and Liabilities:
- Total Assets: $64,602,818
- Total Liabilities: $24,942,365
- Net Assets: $39,660,453
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYMENT AND TRAINING
Revenue
$539,158
OTHER CONTRACTS
Revenue
$305,042
EMPLOYMENT AND TRAINING-VOCATION
Revenue
$57,330
Organization Details
Founding Year
1933
Phone
(402) 231-1921Principal Officer
Tobi Mathouser
Main Address
4805 N 72ND ST, OMAHA, NE, 68134
Website
www.goodwillomaha.orgNTEE Category
Code: J32Z - Employment
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