Overview
What is Goodwill Industries International Inc?
Goodwill Industries International Inc is a renowned nonprofit organization based in Rockville, Maryland. They are committed to enhancing the lives of individuals and families by strengthening communities and eliminating opportunities. Through their programs, they help people in need reach their full potential through learning and work. The organization receives sponsored programs and grants from various entities, including the United States Department of Labor, the United States Department of Agriculture, and numerous private and corporate foundations. Majority of these funds are subgranted to autonomous local Goodwill organizations to utilize in their communities. Their initiatives include promoting economic self-sufficiency for older adults, serving justice-involved young adults, providing occupational training in locally in-demand industries, and strengthening the Goodwill network's financial performance. The organization's mission is to provide learning opportunities, employment, and other community-based programs to help people overcome barriers to independence.
Official website here: www.goodwill.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 100%
Goodwill Industries International Inc has achieved an impressive Four-Star out of Four Star rating from Charity Navigator, reflecting a perfect score of 100% in the Accountability & Finance category. This rating indicates a high level of transparency and responsible financial management, with significant strengths including an entirely independent board and robust financial oversight mechanisms.
User feedback highlights Goodwill's commitment to its mission of supporting individuals with disabilities and employment challenges. Many reviewers express appreciation for the organization’s services and the positive impact it has on their communities. However, some users have raised concerns about rising prices for donated goods, suggesting that the cost of items may be becoming less accessible to those in need.
Overall, Goodwill Industries International Inc is recognized for its strong operational practices and community support, while also receiving constructive feedback regarding pricing strategies. The organization continues to play a vital role in providing employment opportunities and resources for individuals facing barriers to traditional job markets.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Goodwill Industries International Inc legitimate?
Goodwill Industries International Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Goodwill Industries International 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: $2,793,500
Professional Fundraising Fees: $139,100
Other Salaries and Wages: $12,008,081
For more financial information, click here
Official website here: www.goodwill.org
What is the mission statement of Goodwill Industries International Inc?
Goodwill Industries International, Inc. is a non-profit organization dedicated to enhancing the dignity and quality of life for individuals and families by strengthening communities, eliminating barriers to opportunity, and helping people in need reach their full potential. Through various learning and work programs, Goodwill works to empower individuals, providing them with the skills and resources necessary for economic self-sufficiency. The organization receives sponsored programs and grants from entities like the United States Department of Labor and private foundations, which it then disperses to local Goodwill organizations to implement in their communities. These programs focus on promoting self-sufficiency for older adults and justice-involved young adults, equipping them with the skills and training needed for employment and career advancement.
Official website here: www.goodwill.org
Who is the CEO of Goodwill Industries International Inc?
Steven C Preston is the Chair of Goodwill Industries International Inc. The CEO's salary of Goodwill Industries International Inc is $600,308 and their total compensation is $647,233.
Official website here: www.goodwill.org
What is the revenue of Goodwill Industries International Inc?
Goodwill Industries International Inc's revenue in 2022 was $61,913,793.
Official website here: www.goodwill.org
Who are the executives of Goodwill Industries International Inc and what are their salaries?
The average compensation at Goodwill Industries International Inc during 2022 was $86,056. There are 172 employees and 35 volunteers at Goodwill Industries International Inc.
Here are 51 key members and their salaries (Goodwill Industries International Inc's CEO's salary is $600,308 and their total compensation is $647,233):
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- Other: $26,788
Official website here: www.goodwill.org
Where can I find the form 990 for Goodwill Industries International Inc?
Goodwill Industries International Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.goodwill.org
Learn more at the official website: www.goodwill.org
Mission Statement of Goodwill Industries International Inc
Goodwill Industries International, Inc., is a mission-driven organization that enhances the dignity and quality of life of individuals and families by strengthening communities, eliminating barriers to opportunity, and helping people in need reach their full potential through learning and the power of work. The organization's primary goal is to empower people to break the cycle of poverty and achieve self-sufficiency.
Goodwill Industries International receives sponsored programs and grants from various sources, including the United States Department of Labor, the United States Department of Agriculture, and numerous private and corporate foundations. These funds are mostly subgranted to autonomous local Goodwill organizations to use in their respective communities. The organization's programs focus on providing training opportunities and community service assignments, serving justice-involved young adults, and supporting local Goodwill organizations in becoming state contractors for employment and training programs.
Goodwill Industries International's initiatives are geared towards promoting individual economic self-sufficiency and providing rewarding and engaging alternatives leading to employment, career advancement, and reduced risk of recidivism. By leveraging the power of work and learning, the organization helps people in need rebuild their lives and regain their self-esteem. Additionally, the organization focuses on advancing racial equity, strengthening the Goodwill network's financial performance, and developing its diversity and inclusion strategic plan to create a more inclusive and equitable organization.
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Impact
October, 2024
Goodwill Industries International Inc significantly impacts communities by enhancing the dignity and quality of life for individuals and families. Through a range of programs and initiatives, Goodwill works to eliminate barriers to opportunity, ensuring that people in need can reach their full potential through learning and employment.
By providing training opportunities, especially for vulnerable populations such as older adults and justice-involved young adults, Goodwill promotes individual economic self-sufficiency. For instance, their Senior Community Service Employment Program (SCSEP) assists participants aged 55 and older in gaining experience and skills through community service roles. Additionally, the Life Launch Program targets justice-involved young adults, offering them alternatives that lead to employment and career advancement, thereby reducing recidivism.
Goodwill also actively collaborates with local organizations, enabling them to respond effectively to community needs. This localized approach is supported through substantial grants from various federal and private funding sources, which empower Goodwill to implement diverse programs aimed at job training and skills development. For example, grants from the U.S. Department of Labor allow for the expansion of occupational training, helping participants find employment in in-demand industries.
Furthermore, Goodwill addresses social equity and inclusion through initiatives like the Walmart Foundation’s funding for advancing racial equity, indicating its commitment to fostering a more equitable workforce. Digital skills training programs and partnerships with corporations such as Accenture and Google enhance the employability of thousands, particularly among youth and marginalized groups.
By focusing on comprehensive community development and empowerment, Goodwill Industries International Inc plays a crucial role in strengthening neighborhoods, improving social mobility, and creating lasting opportunities for many individuals and families in need.
This information is meant to be a general summary of Goodwill Industries International 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: $334,232
- Program Service Revenue: $25,799,301
- Gross Receipts: $69,997,749
Assets and Liabilities:
- Total Assets: $67,000,954
- Total Liabilities: $12,716,508
- Net Assets: $54,284,446
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$23,918,486
CASE MANAGEMENT
Revenue
$712,731
CONFERENCES, SEMINARS, AND LEARNI
Revenue
$688,682
OTHER PROGRAM SERVICES
Revenue
$479,402
Organization Details
Founding Year
1910
Phone
(301) 530-6500Principal Officer
Steven C Preston
Main Address
15810 INDIANOLA DRIVE, ROCKVILLE, MD, 20855
Website
www.goodwill.orgNTEE Category
Code: N320 - Recreation
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