Overview
What is Heart Of Texas Goodwill Industries Inc?
Heart of Texas Goodwill Industries Inc is a nonprofit organization based in Waco, Texas, with a mission to facilitate change through skills training and work opportunities. Established over 66 years ago, the organization has grown to become the leading provider of employment readiness services and job training programs in the area. It operates in a service territory of 20 counties and runs twelve retail stores, two outlet centers, and an online auction marketplace, ShopGoodwill.com. The retail business creates over 370 jobs for individuals with barriers to employment while generating the revenue that funds the employment services and skills training programs offered to thousands of Central Texans annually through the Mission Services Department. Goodwill accepts donated clothing and household goods, processes and sells them in retail stores, and uses the revenue to fund community-based employment services, skills training programs, and job placement assistance.
Official website here: www.hotgoodwill.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 99% (Four-Star out of Four Stars)
Heart Of Texas Goodwill Industries Inc has achieved an impressive score of 99%, which reflects its strong accountability and financial management practices. The organization has been rated highly for its independent board composition, with 94% of board members being independent, and it has demonstrated effective oversight with no material diversion of assets.
Strengths include a solid program expense ratio of 82.93%, indicating that a significant portion of its budget is directed towards its programs, and a low liabilities to assets ratio of 23.15%. Additionally, the organization showcases multiple policies that promote transparency and governance, such as a whistleblower policy and conflict of interest policy, all of which are easily accessible on its website.
However, one area for improvement is the fundraising efficiency ratio, which is very low at $0.002, suggesting that the organization may need to enhance its fundraising strategies. Despite this limitation, the overall financial health and accountability measures place Heart Of Texas Goodwill Industries Inc in a strong position within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Heart Of Texas Goodwill Industries Inc legitimate?
Heart Of Texas Goodwill Industries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Heart Of Texas 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: $325,586
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,783,286
For more financial information, click here
Official website here: www.hotgoodwill.org
What is the mission statement of Heart Of Texas Goodwill Industries Inc?
Heart of Texas Goodwill Industries is dedicated to facilitating change through skills training and work opportunities. For over six decades, this non-profit organization has been committed to transforming lives by harnessing the power of work. Heart of Texas Goodwill has expanded into a leading provider of employment readiness services and job training programs, assisting individuals with disabilities and disadvantaging conditions in reaching their full potential. Covering a service territory of 20 counties, the organization operates 12 retail stores, 2 outlet centers, and an online auction marketplace, ShopGoodwill.com. The retail business generates over 370 jobs for those with barriers to employment and funds the employment services and skills training programs offered by the organization through its Mission Services Department, benefiting countless Central Texans each year.
Official website here: www.hotgoodwill.org
Who is the CEO of Heart Of Texas Goodwill Industries Inc?
Shannon Wittmer is the President & Ceo of Heart Of Texas Goodwill Industries Inc. The CEO's salary of Heart Of Texas Goodwill Industries Inc is $210,097 and their total compensation is $235,085.
Official website here: www.hotgoodwill.org
What is the revenue of Heart Of Texas Goodwill Industries Inc?
Heart Of Texas Goodwill Industries Inc's revenue in 2022 was $21,842,438.
Official website here: www.hotgoodwill.org
Who are the executives of Heart Of Texas Goodwill Industries Inc and what are their salaries?
The average compensation at Heart Of Texas Goodwill Industries Inc during 2022 was $9,276. There are 982 employees at Heart Of Texas Goodwill Industries Inc.
Here are 17 key members and their salaries (Heart Of Texas Goodwill Industries Inc's CEO's salary is $210,097 and their total compensation is $235,085):
- Compensation: $210,097
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- Other: $24,988
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- Compensation: $115,489
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Official website here: www.hotgoodwill.org
Where can I find the form 990 for Heart Of Texas Goodwill Industries Inc?
Heart Of Texas Goodwill Industries Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hotgoodwill.org
Learn more at the official website: www.hotgoodwill.org
Mission Statement of Heart Of Texas Goodwill Industries Inc
Heart of Texas Goodwill Industries Inc has been dedicated to facilitating change in people's lives for over six decades. Since its inception in 1955, this non-profit organization has become a leading provider of employment readiness services and job training programs in Central Texas. With a mission to help individuals with disabilities and disadvantaging conditions reach their full potential, Heart of Texas Goodwill Industries has grown to offer its services in 20 counties.
The non-profit organization operates various retail stores, outlet centers, and an online auction marketplace, ShopGoodwill.com. These businesses not only create over 370 jobs for people with barriers to employment but also generate revenue that funds the employment services and skills training programs provided to thousands of Central Texans each year through Goodwill's Mission Services Department. By offering these opportunities, Heart of Texas Goodwill Industries aims to empower individuals to overcome challenges and transform their lives.
Heart of Texas Goodwill Industries' commitment to changing lives through the power of work has been ongoing for over 66 years. The organization's impact extends beyond employment, as it helps individuals gain the necessary skills and confidence to contribute positively to their communities. By fostering a supportive and inclusive environment, Heart of Texas Goodwill Industries enables people to unlock their potential and build a better future for themselves.
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Impact
October, 2024
Heart Of Texas Goodwill Industries Inc has a profound impact on the community by facilitating change through essential skills training and job opportunities. The organization operates retail stores that serve as a vital mechanism to help individuals achieve their full potential through the power of work. By accepting donations of clothing and household goods, Goodwill not only creates jobs for those facing barriers to employment but also provides on-the-job training for individuals with disabilities and those reentering the workforce.
For over 66 years, Heart Of Texas Goodwill has been a cornerstone in employment readiness services and job training programs, specifically designed to support individuals with disabilities and those in disadvantaged circumstances. Serving a 20-county area, the organization operates twelve retail stores, two outlet centers, and manages an online auction marketplace, ShopGoodwill.com.
The retail operations contribute significantly to the local economy by generating over 370 jobs for individuals struggling to find employment. The revenue generated from these sales is reinvested into community-focused services, including skills training programs and job placement assistance through five job connection centers. Each year, thousands of individuals in Central Texas benefit from these transformative programs, demonstrating Goodwill's unwavering commitment to empowering lives through meaningful work experiences.
This information is meant to be a general summary of Heart Of Texas 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: $822,179
- Program Service Revenue: $2,696,988
- Gross Receipts: $22,041,668
Assets and Liabilities:
- Total Assets: $53,279,901
- Total Liabilities: $12,338,330
- Net Assets: $40,941,571
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALVAGE
Revenue
$1,289,201
RETAIL
Revenue
$936,795
CONTRACT
Revenue
$319,107
REHABILITATION
Revenue
$151,885
Organization Details
Founding Year
1955
Phone
(254) 753-7337Principal Officer
Shannon Wittmer
Main Address
1700 S NEW ROAD, WACO, TX, 76711
Website
www.hotgoodwill.orgNTEE Category
Code: J32Z - Employment
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