Overview
What is Memphis Goodwill Industries Inc?
Memphis Goodwill Industries Inc is a compassionate nonprofit organization situated in Memphis, Tennessee, specifically at 6899 Stage Rd. Their primary mission is to create job opportunities and provide vocational rehabilitation services for individuals with significant disabilities or other challenges in securing employment. They achieve this by undertaking contracts with various business, government, and community partners. In 2022, an impressive 84.33% of their workforce fell into this category. These contracts offer diverse work experiences and training environments, encompassing sectors such as custodial services, groundskeeping, switchboard operations, janitorial services, and landscaping services. The ultimate goal of Memphis Goodwill Industries Inc is to enhance the community by assisting persons with disabilities in gaining and maintaining employment, thereby improving their quality of life.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Star Rating)
Memphis Goodwill Industries Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial health. The organization scored 90% in the Accountability & Finance category, indicating that it effectively manages resources with transparency and responsibility. Key strengths include having a fully independent board, comprehensive financial audits, and various policies in place that promote ethical governance and risk management.
The organization demonstrates excellent fiscal management, with a program expense ratio of 100%, signifying that all its expenses are directed towards its programs and mission. Additionally, it has policies for conflict of interest and whistleblower protection, showcasing a strong ethical framework and dedication to safeguarding the interests of stakeholders.
However, while the overall financial health appears robust, the liabilities to assets ratio of 55.39% suggests a moderate level of debt, which may warrant further examination. Despite this, the absence of any material diversion of assets underscores the organization's integrity and reliability in handling funds, making it a trustworthy choice for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Memphis Goodwill Industries Inc legitimate?
Memphis Goodwill Industries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Memphis 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,602,232
For more financial information, click here
What is the mission statement of Memphis Goodwill Industries Inc?
Memphis Goodwill Industries Inc's mission is centered around enhancing the community by assisting individuals with disabilities and disadvantages in securing and maintaining employment. This organization strives to build a better quality of life for these individuals by providing job opportunities and vocational rehabilitative services through contracts with various entities, including federal and state governments. Their activities are geared towards helping people overcome significant disabilities and challenges in employment, offering them various work experiences and training environments such as custodial services, groundskeeping, switchboard operations, janitorial services, and landscaping services. In 2022, approximately 84.33% of their employees fell under this category, demonstrating their commitment to this cause.
Who is the CEO of Memphis Goodwill Industries Inc?
Michael Martini is the Ex-Officio Director of Memphis Goodwill Industries Inc.
What is the revenue of Memphis Goodwill Industries Inc?
Memphis Goodwill Industries Inc's revenue in 2022 was $5,143,533.
Who are the executives of Memphis Goodwill Industries Inc and what are their salaries?
The average compensation at Memphis Goodwill Industries Inc during 2022 was $17,008. There are 153 employees at Memphis Goodwill Industries Inc.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $290,000
- Other: $22,382
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $112,251
- Related: $0
- Other: $6,401
Where can I find the form 990 for Memphis Goodwill Industries Inc?
Memphis Goodwill Industries Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Memphis Goodwill Industries Inc
Memphis Goodwill Industries Inc, a nonprofit organization, is dedicated to enhancing the community by aiding individuals with disabilities and disadvantages in securing and maintaining employment. Their mission is to construct a better quality of life for these individuals by providing employment opportunities and vocational rehabilitative services through contracts with federal, state, and local governments, as well as other community partners. The organization offers a diverse range of work experiences and training environments, including positions in custodial services, groundskeeping, switchboard operations, janitorial services, and landscaping services. In 2022, an impressive 84.33% of their employees were individuals with significant disabilities and other challenges to employment. Memphis Goodwill Industries Inc plays a crucial role in empowering these individuals, enabling them to become active and contributing members of their communities.
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Impact
July, 2024
Memphis Goodwill Industries Inc is dedicated to providing jobs and vocational rehabilitative services for disabled persons through contracts with federal and state governments. By creating employment and job training opportunities for individuals facing significant disabilities or other barriers to employment, this organization has had a significant impact on the community. In the year 2022, 84.33% of their employees had significant disabilities and other challenges to employment. Through contracts that offer opportunities in various work environments such as custodial services, groundskeeping, switchboard operations, janitorial services, and landscaping services, Memphis Goodwill Industries Inc is building a better community by helping individuals with disabilities and disadvantages achieve and maintain employment for a better quality of life.
This information is meant to be a general summary of Memphis 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.
- Program Service Revenue: $5,143,533
- Gross Receipts: $5,143,533
Assets and Liabilities:
- Total Assets: $1,396,918
- Total Liabilities: $773,778
- Net Assets: $623,140
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRACT SERVICES
Revenue
$5,143,533
Organization Details
Founding Year
1941
Phone
(901) 323-6221Principal Officer
Michael Martini
Main Address
6899 STAGE RD, MEMPHIS, TN, 38133
NTEE Category
Code: J30 - Employment
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