Overview
What is Goodwill Industries Of East Texas Inc?
Goodwill Industries of East Texas Inc, based in Tyler, Texas, is a nonprofit organization dedicated to providing skills training and vocational opportunities for individuals with employment barriers. They generate their primary revenue through the retail sale of donated goods, which are processed and prepared for sale by their employees. The organization, with a staff of 493, offers a significant impact on the local community by transforming donated items into revenue that funds their mission.
Official website here: www.goodwilleasttexas.com
What are the reviews and ratings of this charity?
88% rating from Charity Navigator, earning a Three-Star out of Four Star rating.
Goodwill Industries of East Texas Inc has demonstrated a solid commitment to accountability and community engagement, reflected in its high scores for Culture & Community and the majority of its board being independent. The organization has no material diversion of assets and maintains transparency by listing its website on tax forms and distributing tax forms to the board prior to filing. These strengths contribute to a well-rounded operational framework.
However, the organization does face some limitations, particularly in its fundraising efficiency and the absence of certain governance policies, such as a whistleblower policy and document retention and destruction policy. While the program expense ratio is reasonable, the low fundraising efficiency indicates potential areas for improvement in generating revenue. Overall, Goodwill Industries of East Texas Inc shows strong governance but may need to enhance its financial strategies to improve fundraising outcomes.
This AI summary has been generated from information found on Charity Navigator.
Is Goodwill Industries Of East Texas Inc legitimate?
Goodwill Industries Of East Texas Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Goodwill Industries Of East Texas 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: $326,613
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,641,140
For more financial information, click here
Official website here: www.goodwilleasttexas.com
What is the mission statement of Goodwill Industries Of East Texas Inc?
Goodwill Industries of East Texas Inc is dedicated to providing skills training and vocational opportunities for individuals facing employment barriers. Their mission is to empower people by equipping them with the necessary skills and experience to secure employment. The organization achieves this by processing and preparing donated goods for sale, making it their primary source of revenue. The resale of these goods contributes not only to the organization's financial sustainability but also serves as a platform for their employees to learn and grow. The training and work experience gained at the organization often lead to increased confidence and self-sufficiency among those who participate. Through their vocational programs, Goodwill Industries of East Texas Inc fosters a sense of independence and self-worth within their trainees, ultimately enabling them to successfully integrate back into the workforce.
Official website here: www.goodwilleasttexas.com
Who is the CEO of Goodwill Industries Of East Texas Inc?
Kimberly B Lewis is the Director of Goodwill Industries Of East Texas Inc. The CEO's salary of Goodwill Industries Of East Texas Inc is $214,195 and their total compensation is $226,678.
Official website here: www.goodwilleasttexas.com
What is the revenue of Goodwill Industries Of East Texas Inc?
Goodwill Industries Of East Texas Inc's revenue in 2022 was $15,343,051.
Official website here: www.goodwilleasttexas.com
Who are the executives of Goodwill Industries Of East Texas Inc and what are their salaries?
The average compensation at Goodwill Industries Of East Texas Inc during 2022 was $14,133. There are 493 employees and 6 volunteers at Goodwill Industries Of East Texas Inc.
Here are 21 key members and their salaries (Goodwill Industries Of East Texas Inc's CEO's salary is $214,195 and their total compensation is $226,678):
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- Compensation: $214,195
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Official website here: www.goodwilleasttexas.com
Where can I find the form 990 for Goodwill Industries Of East Texas Inc?
Goodwill Industries Of East Texas Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.goodwilleasttexas.com
Learn more at the official website: www.goodwilleasttexas.com
Mission Statement of Goodwill Industries Of East Texas Inc
Goodwill Industries of East Texas, a renowned nonprofit organization, is dedicated to providing skills training and vocational opportunities for individuals facing barriers to employment. In simple terms, its mission is to empower people and equip them with the necessary skills to secure meaningful jobs.
The organization's primary focus is on transforming donated goods into saleable items. Through this process, it generates significant revenue, which is then channeled back into its programs. The resale of these goods is the lifeblood of Goodwill Industries of East Texas, as it fuels its mission to make a difference in people's lives.
Goodwill Industries of East Texas goes beyond just offering training; it creates an inclusive environment where individuals can gain practical experience and develop valuable work skills. As employees of the organization, trainees have the opportunity to engage in various aspects of the business, from processing and preparing donated goods for sale to customer service interactions. This hands-on experience is crucial in helping individuals build confidence and self-reliance, two essential components of successful employment.
The organization's impact extends beyond the individuals it directly trains. The revenue generated from the sale of donated goods helps fund various community programs and services, ensuring that the organization remains a vital contributor to its local economy. Goodwill Industries of East Texas is a beacon of hope for those seeking to overcome employment challenges, providing them with the tools and opportunities they need to build a better future.
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Impact
October, 2024
Goodwill Industries of East Texas Inc. significantly impacts the local community by providing essential skills training and vocational opportunities for individuals facing barriers to employment. By focusing on workforce development, the organization empowers participants to gain the skills necessary for successful job placement, thereby enhancing their economic independence and quality of life.
Through the resale of donated goods, which are processed and prepared for sale by trained employees, the organization not only generates revenue but also creates jobs. This process not only supports individuals in overcoming employment obstacles but also promotes sustainability by extending the lifecycle of donated items. The availability of affordable goods further benefits the local community, making shopping accessible to a broader audience.
In summary, Goodwill Industries of East Texas Inc. plays a crucial role in fostering employment opportunities and skill development, significantly improving the lives of many individuals while contributing positively to the economy and environment in Tyler, TX.
This information is meant to be a general summary of Goodwill Industries Of East Texas 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: $15,440
- Program Service Revenue: $4,514,599
- Gross Receipts: $15,815,691
Assets and Liabilities:
- Total Assets: $22,519,329
- Total Liabilities: $2,476,000
- Net Assets: $20,043,329
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYMENT SERVICES
Revenue
$4,033,756
REHABILIATION REVENUE
Revenue
$480,843
Organization Details
Founding Year
1975
Phone
(903) 593-8438Principal Officer
Kimberly B Lewis
Main Address
409 W LOCUST, TYLER, TX, 75702
Website
www.goodwilleasttexas.comNTEE Category
Code: J32Z - Employment
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