Overview
What is Goodwill Industries Of The Valleys Inc?
Goodwill Industries of the Valleys Inc is a nonprofit organization based in Roanoke, Virginia. Their mission is to empower individuals, strengthen families, and inspire communities by providing job skills training and work placement opportunities. They specialize in assisting individuals who face various employment barriers, such as low income, dislocation, age over 55, and youth at risk. Through federal grants and their programs, they offer training and education to prepare individuals for employment and help them find jobs. The ultimate goal is to enable individuals to earn a paycheck, gain self-respect, and contribute back to their communities. The organization employs a team of 542 people.
Official website here: www.goodwillvalleys.com
What are the reviews and ratings of this charity?
Charity Navigator rating: 87%, Three-Star out of Four Star rating.
Goodwill Industries Of The Valleys Inc has received a solid Three-Star rating from Charity Navigator, indicating a commendable level of accountability and financial health. The organization scored particularly well in the Accountability & Finance category with a score of 93%, showcasing strong governance practices such as 100% independent board members and effective oversight mechanisms. This level of oversight is crucial as it indicates a commitment to transparency and responsible management of resources.
The organization also excelled in Culture & Community, achieving a perfect score of 100%. This suggests that Goodwill Industries actively engages with its constituents, collecting feedback effectively and utilizing it to enhance its services. The high ratings in constituent feedback and feedback usage reflect a positive relationship between the nonprofit and the community it serves, indicating responsiveness to the needs and opinions of those impacted by its programs.
However, while the financial health appears robust, the Program Expense Ratio of 62.25% indicates that there may be room for improvement in ensuring a higher portion of expenses is directed toward programs rather than administrative costs. Overall, Goodwill Industries Of The Valleys Inc demonstrates strong governance and community engagement, with minor areas for improvement in program spending.
This AI summary has been generated from information found on Charity Navigator.
Is Goodwill Industries Of The Valleys Inc legitimate?
Goodwill Industries Of The Valleys Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Goodwill Industries Of The Valleys 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: $1,546,410
Professional Fundraising Fees: $14,750
Other Salaries and Wages: $9,030,435
For more financial information, click here
Official website here: www.goodwillvalleys.com
What is the mission statement of Goodwill Industries Of The Valleys Inc?
Goodwill Industries of the Valleys Inc. is dedicated to empowering individuals and inspiring communities by providing job skills training and work placement opportunities. Their mission goes beyond just offering employment, focusing on removing barriers with a multi-generational approach. This organization receives grants to assist individuals who are low-income, older adults, at-risk youth, and others with employment barriers. Through its training and employment programs, Goodwill helps individuals prepare for job opportunities, enabling them to experience the pride, dignity, and self-respect that comes from earning a paycheck and contributing to the community.
Official website here: www.goodwillvalleys.com
Who is the CEO of Goodwill Industries Of The Valleys Inc?
Richmond J Vincent Jr is the Chair of Goodwill Industries Of The Valleys Inc. The CEO's salary of Goodwill Industries Of The Valleys Inc is $251,034 and their total compensation is $271,064.
Official website here: www.goodwillvalleys.com
What is the revenue of Goodwill Industries Of The Valleys Inc?
Goodwill Industries Of The Valleys Inc's revenue in 2022 was $14,719,779.
Official website here: www.goodwillvalleys.com
Who are the executives of Goodwill Industries Of The Valleys Inc and what are their salaries?
The average compensation at Goodwill Industries Of The Valleys Inc during 2022 was $19,514. There are 542 employees and 70 volunteers at Goodwill Industries Of The Valleys Inc.
Here are 33 key members and their salaries (Goodwill Industries Of The Valleys Inc's CEO's salary is $251,034 and their total compensation is $271,064):
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- Compensation: $251,034
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- Other: $20,030
- Compensation: $185,287
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- Other: $19,308
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- Other: $10,303
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- Compensation: $99,991
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- Other: $11,447
- Compensation: $118,415
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- Compensation: $99,421
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- Other: $12,901
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- Related: $126,741
- Other: $4,378
Official website here: www.goodwillvalleys.com
Where can I find the form 990 for Goodwill Industries Of The Valleys Inc?
Goodwill Industries Of The Valleys Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.goodwillvalleys.com
Learn more at the official website: www.goodwillvalleys.com
Mission Statement of Goodwill Industries Of The Valleys Inc
Goodwill Industries Of The Valleys Inc is a mission-driven organization that empowers individuals to reach their full potential. Through its efforts, people are given the opportunity to overcome various barriers to employment and strengthen their families and communities.
The organization's primary goal is to provide job skills training and placement opportunities. Goodwill Industries Of The Valleys Inc receives federal grants to assist individuals who are low income, displaced, over the age of 55 and on a low income, at-risk youth, and others with employment barriers. These individuals receive training and education to prepare them for employment opportunities and are helped to find a job. With the support of Goodwill, they can experience the pride, dignity, and self-respect that comes from earning a paycheck and contributing to their community.
Goodwill Industries Of The Valleys Inc takes a multi-generational approach to removing barriers to employment. Its workforce development programs not only help individuals secure jobs but also provide them with the necessary skills to succeed in the workforce. By equipping people with the tools they need to thrive, Goodwill Industries Of The Valleys Inc is making a positive impact on the lives of countless individuals and their families. In doing so, it inspires and strengthens communities, creating a ripple effect of positive change.
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Impact
October, 2024
Goodwill Industries Of The Valleys Inc makes a significant impact by empowering individuals to reach their fullest potential through workforce development initiatives. The organization actively addresses barriers to employment for various groups, including low-income individuals, dislocated workers, and at-risk youth. By providing essential training and education, Goodwill equips these individuals with the skills necessary to secure meaningful employment.
The organization receives federal grants to support its mission, enabling it to offer targeted assistance to those who need it most, such as people over the age of 55 and others facing significant employment barriers. Through comprehensive training and job placement programs, Goodwill helps participants gain not only the technical skills but also the confidence and self-respect that come from earning a paycheck.
Goodwill's multi-generational approach recognizes that empowering individuals strengthens families and, in turn, inspires communities. This holistic focus fosters a sense of pride and dignity among participants, contributing positively to the broader community in Roanoke, VA, and beyond. By facilitating access to employment opportunities and providing vital support, Goodwill Industries Of The Valleys Inc plays a crucial role in building a more inclusive and prosperous society.
This information is meant to be a general summary of Goodwill Industries Of The Valleys 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: $623,387
- Program Service Revenue: $7,431,213
- Gross Receipts: $16,698,198
Assets and Liabilities:
- Total Assets: $62,154,379
- Total Liabilities: $28,481,750
- Net Assets: $33,672,629
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
WORK TRAINING SERVICES
Revenue
$3,190,103
WORKFORCE DEVELOPMENT
Revenue
$2,997,612
SOURCE AMERICA
Revenue
$1,243,498
Organization Details
Founding Year
1970
Phone
(540) 581-0620Principal Officer
Richmond J Vincent Jr
Main Address
2502 MELROSE AVE NW, ROANOKE, VA, 24017
Website
www.goodwillvalleys.comNTEE Category
Code: J320 - Employment
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