Overview
What is Goodwill Industries Of Lubbock Inc?
Goodwill Industries of Lubbock Inc is a local nonprofit organization based in Lubbock, Texas. The primary focus of this charity is to assist individuals with disabilities, disadvantages, and those struggling to find employment by offering on-the-job training and career services. Through their retail stores, they accept donations of clothing and household items, which are then sold to generate revenue. This revenue supports and expands their community programs and job placement services, as well as providing employment opportunities for individuals who may face challenges in a more competitive job market. Goodwill Industries of Lubbock Inc works to help people overcome obstacles, build skills, secure jobs, and grow their careers. With a workforce of 425 employees, they strive to promote self-sufficiency and economic success within their community.
Official website here: www.goodwillnwtexas.org
What are the reviews and ratings of this charity?
Goodwill Industries Of Lubbock Inc has received a commendable Four-Star out of Four Star rating from Charity Navigator, with an overall score of 94%. This exceptional rating is based entirely on the organization's Accountability & Finance metrics, reflecting strong financial health and transparency in operations. Such recognition is significant as it assures donors that their contributions are being used effectively and responsibly.
The organization displays notable strengths, including a fully independent board and a high program expense ratio of 86.10%, indicating that the majority of funds go directly to its programs. Additionally, Goodwill Industries Of Lubbock boasts a robust fiscal structure with no material asset diversions and effective oversight and auditing practices. However, there are some markers for improvement, particularly in fundraising efficiency, which may benefit from enhanced strategies to optimize donations.
Currently, user reviews from GreatNonprofits are unavailable, so community sentiments for this nonprofit are not captured in this summary. Overall, the financial metrics suggest a capable organization dedicated to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Goodwill Industries Of Lubbock Inc legitimate?
Goodwill Industries Of Lubbock Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Goodwill Industries Of Lubbock 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: $319,890
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,566,057
For more financial information, click here
Official website here: www.goodwillnwtexas.org
What is the mission statement of Goodwill Industries Of Lubbock Inc?
Goodwill Industries of Lubbock Inc's mission is centered around assisting individuals in overcoming challenges, enhancing their skills, securing employment, and progressing in their careers. As a local nonprofit organization, Goodwill utilizes retail stores to offer on-the-job training and provides educational and career services to individuals with disabilities, disadvantages, and those struggling to find employment. Through these workforce development services, individuals can achieve greater self-sufficiency and financial success. Goodwill generates revenue by selling donated clothing and household items in its retail stores, which directly supports and expands community programs and job placement services, as well as employing individuals who may face challenges in more competitive job markets.
Official website here: www.goodwillnwtexas.org
Who is the CEO of Goodwill Industries Of Lubbock Inc?
Robin Raney is the Ceo of Goodwill Industries Of Lubbock Inc. The CEO's salary of Goodwill Industries Of Lubbock Inc is $173,279 and their total compensation is $200,515.
Official website here: www.goodwillnwtexas.org
What is the revenue of Goodwill Industries Of Lubbock Inc?
Goodwill Industries Of Lubbock Inc's revenue in 2022 was $10,530,129.
Official website here: www.goodwillnwtexas.org
Who are the executives of Goodwill Industries Of Lubbock Inc and what are their salaries?
The average compensation at Goodwill Industries Of Lubbock Inc during 2022 was $11,496. There are 425 employees and 24 volunteers at Goodwill Industries Of Lubbock Inc.
Here are 22 key members and their salaries (Goodwill Industries Of Lubbock Inc's CEO's salary is $173,279 and their total compensation is $200,515):
- Compensation: $173,279
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- Other: $27,236
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Official website here: www.goodwillnwtexas.org
Where can I find the form 990 for Goodwill Industries Of Lubbock Inc?
Goodwill Industries Of Lubbock Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.goodwillnwtexas.org
Learn more at the official website: www.goodwillnwtexas.org
Mission Statement of Goodwill Industries Of Lubbock Inc
Goodwill Industries of Lubbock Inc is a local nonprofit organization with a mission to assist individuals overcome challenges, develop skills, find employment, and advance their careers. This mission is encapsulated in the organization's statement, "Goodwill is a local nonprofit helping people overcome challenges, build skills, find jobs, and grow careers."
Goodwill utilizes its retail stores as a platform for providing on-the-job training. It accepts donations of clothing and household goods from the public, which are then sold in its retail stores. The revenue generated from these sales is utilized to support and expand community programs and job placement services. Additionally, Goodwill employs individuals who may face difficulties in finding and retaining a job in a more competitive environment.
Through its workforce development services, Goodwill Industries of Lubbock Inc helps individuals achieve greater levels of self-sufficiency and economic success. It provides education and career services to people with disabilities, disadvantages, and others struggling to find employment. By offering these resources, the organization empowers its clients to lead more fulfilling and independent lives.
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Impact
July, 2024
Goodwill Industries of Lubbock Inc's impact lies in helping people overcome challenges, build skills, find jobs, and grow careers. By providing on-the-job training, education, and career services to individuals with disabilities, disadvantages, and those facing difficulties in finding employment, Goodwill enables individuals to achieve greater levels of self-sufficiency and economic success.
Through its workforce development services and utilization of retail stores to sell donated goods, Goodwill generates revenue to support community programs, job placement services, and employment opportunities for individuals who may struggle in competitive job markets. Goodwill's mission in Lubbock, TX, is to empower individuals to improve their lives and contribute positively to the community.
This information is meant to be a general summary of Goodwill Industries Of Lubbock 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: -$85,564
- Program Service Revenue: $2,645,925
- Gross Receipts: $10,632,267
Assets and Liabilities:
- Total Assets: $12,595,051
- Total Liabilities: $5,825,125
- Net Assets: $6,769,926
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALES TO THE PUBLIC
Revenue
$2,645,925
Organization Details
Founding Year
1966
Phone
(806) 744-8419Principal Officer
Robin Raney
Main Address
715 28TH STREET, LUBBOCK, TX, 79404
Website
www.goodwillnwtexas.orgNTEE Category
Code: J32Z - Employment
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