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Goodwill Industries Of Dallas Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 751222611 ✦ Dallas, TX ✦ Designated as a 501(c)(3)

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Overview

What is Goodwill Industries Of Dallas Foundation?

Goodwill Industries Of Dallas Foundation is a charitable organization, established to support the initiatives of Goodwill Industries of Dallas, Inc. (GWD). Each year, the Foundation organizes a fundraising event called The Lunch, and the entire income generated is allocated towards the event's expenses. The Foundation then distributes the remaining proceeds to GWD to fund their workforce development programs. Additionally, the Foundation makes independent contributions from its assets to further aid GWD's mission. The Foundation's primary goal is to contribute to the overall welfare of GWD, ensuring their programs continue to thrive.


Official website here: www.goodwilldallas.org

Is Goodwill Industries Of Dallas Foundation legitimate?

Goodwill Industries Of Dallas Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Goodwill Industries Of Dallas Foundation 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: $0

For more financial information, click here


Official website here: www.goodwilldallas.org

What is the mission statement of Goodwill Industries Of Dallas Foundation?

The Goodwill Industries Of Dallas Foundation exists with the primary objective of aiding the initiatives of Goodwill Industries of Dallas, Inc. (GWD). This support is primarily directed towards the organization's workforce development programs. The foundation annually hosts a fundraising event called The Lunch, with the entire proceeds from this event being transferred to the foundation. The foundation covers the event's costs and subsequently distributes the net earnings to GWD to strengthen its workforce development efforts. Additionally, the foundation makes an independent distribution from its net assets to Goodwill.


Official website here: www.goodwilldallas.org

Who is the CEO of Goodwill Industries Of Dallas Foundation?

Timothy R Heis is the President of Goodwill Industries Of Dallas Foundation.


Official website here: www.goodwilldallas.org

What is the revenue of Goodwill Industries Of Dallas Foundation?

Goodwill Industries Of Dallas Foundation's revenue in 2022 was $1,546,820.


Official website here: www.goodwilldallas.org

Who are the executives of Goodwill Industries Of Dallas Foundation and what are their salaries?

There 9 volunteers at Goodwill Industries Of Dallas Foundation.


Here are 10 key members and their salaries:


Timothy R Heis (President)
  • Compensation: $0
  • Related: $500,663
  • Other: $17,042
C Fred Ball Jr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peter A Lodwick (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Frank Mihalopoulos (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pat S Bolin (Sec./Treas.)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lowell Sands (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
William H Vanderstraaten (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Susan M Hicks (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles W Morris (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Neal D Sleeper (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.goodwilldallas.org

Where can I find the form 990 for Goodwill Industries Of Dallas Foundation?

Goodwill Industries Of Dallas Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.goodwilldallas.org

Learn more at the official website: www.goodwilldallas.org

Mission Statement of Goodwill Industries Of Dallas Foundation

Goodwill Industries of Dallas Foundation's primary purpose is to aid and support the initiatives of Goodwill Industries of Dallas, Inc. (GWD). In essence, the Foundation serves as a partner to GWD, providing assistance where necessary to further the mission and goals of the broader organization. This partnership is demonstrated through the annual fundraising event, The Lunch, where the Foundation covers all expenses and then distributes the remaining proceeds to GWD to bolster their workforce development programs. Additionally, the Foundation makes an unrelated distribution from its net assets to GWD, further underscoring its commitment to supporting the parent organization.

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Impact




October, 2024

Goodwill Industries of Dallas Foundation significantly impacts the local community by supporting workforce development programs through its strategic fundraising efforts. Since 2015, the Foundation has hosted an annual fundraising event known as The Lunch, effectively channeling the event's full proceeds into support initiatives for Goodwill Industries of Dallas. By covering all associated costs of this event, the Foundation ensures that the net proceeds can directly benefit programs aimed at enhancing employment opportunities.

Through its financial contributions, the Foundation aids in providing vital resources for workforce development, helping individuals gain skills and secure jobs, thus fostering economic independence. The Foundation also makes additional distributions to Goodwill from its net assets, further strengthening the employment support provided by Goodwill Industries of Dallas. As a result, the Foundation plays a crucial role in empowering individuals in the Dallas area to achieve greater self-sufficiency and positive social impact.




This information is meant to be a general summary of Goodwill Industries Of Dallas Foundation. 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.

Revenue
$1,546,820 (2022)
Expenses
$1,515,199 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $282,052
  • Gross Receipts: $1,924,558

Assets and Liabilities:

  • Total Assets: $16,265,762
  • Total Liabilities: $0
  • Net Assets: $16,265,762

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Organization Details

Founding Year

1963

Principal Officer

Timothy R Heis

Main Address

3020 N WESTMORELAND RD, DALLAS, TX, 75212

NTEE Category

Code: J32Z - Employment

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