Overview
What is Abilene Goodwill Industries Inc?
Abilene Goodwill Industries Inc is a nonprofit organization located at 2200 N 1st Street, Abilene, Texas 79603. Their primary mission is to create employment opportunities for individuals with barriers, disabilities, or disadvantages. They achieve this by operating thrift stores where donated goods are sold to fund their programs. These programs help these individuals find employment not only at Goodwill but also within their community. The organization, also known as Goodwill West Texas, has a workforce of 934 employees, including over 350 individuals who indicate having a barrier, disability, or disadvantage. Their stores not only provide retail jobs and career training but also contribute to the community by selling donated goods.
Official website here: www.goodwillwesttexas.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Abilene Goodwill Industries Inc has received a strong Four-Star rating from Charity Navigator, reflecting its high accountability and financial management. The charity's overall score is primarily based on its commitment to transparency and responsible governance, with a 100% score in accountability and finance. This rating indicates that the organization effectively manages its resources and adheres to best practices in nonprofit governance.
One of the key strengths of Abilene Goodwill is its independent board, consisting of 15 members, all of whom are independent, demonstrating a robust governance structure. Additionally, the organization has implemented several important policies, including a conflict of interest policy and a whistleblower policy, ensuring ethical operations and protecting its stakeholders. The financial statements are subject to thorough audits, further enhancing their credibility.
The organization also excels in its program expense ratio, with 86.64% of its expenses being directed towards its programs, which signifies a strong commitment to its mission. Furthermore, its liabilities to assets ratio stands at a healthy 20.03%, indicating solid financial stability. Overall, Abilene Goodwill Industries Inc showcases effective management and governance, positioning itself as a reliable nonprofit in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Abilene Goodwill Industries Inc legitimate?
Abilene Goodwill Industries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Abilene 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: $370,808
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,574,537
For more financial information, click here
Official website here: www.goodwillwesttexas.org
What is the mission statement of Abilene Goodwill Industries Inc?
Abilene Goodwill Industries Inc is dedicated to offering opportunities for individuals with employment barriers. Their mission is geared towards assisting people with disabilities or disadvantages in securing employment. Through the sales of donated goods in their thrift stores, they fund various programs aimed at helping these individuals find work opportunities, either at Goodwill or within their communities. Over 350 people, approximately 60% of whom have a barrier, disability, or disadvantage, have gained retail jobs and career training at these stores.
Official website here: www.goodwillwesttexas.org
Who is the CEO of Abilene Goodwill Industries Inc?
Rick Waldraff is the Board Member of Abilene Goodwill Industries Inc.
Official website here: www.goodwillwesttexas.org
What is the revenue of Abilene Goodwill Industries Inc?
Abilene Goodwill Industries Inc's revenue in 2022 was $16,661,628.
Official website here: www.goodwillwesttexas.org
Who are the executives of Abilene Goodwill Industries Inc and what are their salaries?
The average compensation at Abilene Goodwill Industries Inc during 2022 was $7,436. There are 934 employees and 84 volunteers at Abilene Goodwill Industries Inc.
Here are 18 key members and their salaries:
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- Compensation: $78,878
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- Other: $9,943
Official website here: www.goodwillwesttexas.org
Where can I find the form 990 for Abilene Goodwill Industries Inc?
Abilene Goodwill Industries Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.goodwillwesttexas.org
Learn more at the official website: www.goodwillwesttexas.org
Mission Statement of Abilene Goodwill Industries Inc
Abilene Goodwill Industries Inc is a mission-driven organization that strives to create opportunities for individuals facing employment barriers. With a vision to make a positive impact on the community, the organization provides a platform for those with disabilities or disadvantages to access employment opportunities.
The heart of Abilene Goodwill Industries Inc's endeavor lies in its thrift stores, where the sales of donated goods help fund various programs aimed at assisting people in finding employment. The retail jobs and career training programs offered by the organization provide valuable experience and skills to over 350 individuals, approximately 60% of whom have a barrier, disability, or disadvantage.
The thrift stores not only serve as revenue generators but also act as stepping stones for individuals seeking employment. The retail jobs offer hands-on experience, while career training programs provide the necessary skills to succeed in the workforce. By empowering individuals and providing them with the tools they need to overcome their challenges, Abilene Goodwill Industries Inc fosters a culture of self-sufficiency and independence.
In summary, Abilene Goodwill Industries Inc is a beacon of hope for those facing employment barriers. Through its thrift stores, the organization generates revenue to fund employment programs and provides retail jobs and career training opportunities to individuals in need. By creating a supportive and inclusive environment, Abilene Goodwill Industries Inc helps individuals build the skills and confidence they need to succeed in the workforce and lead fulfilling lives.
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Impact
October, 2024
Abilene Goodwill Industries Inc significantly impacts the community by providing employment opportunities for individuals facing barriers, disabilities, or disadvantages. Through its network of thrift stores, the organization generates revenue from the sale of donated goods, which directly funds programs designed to assist these individuals in finding meaningful work.
The thrift stores not only serve as retail outlets but also create jobs and offer career training for over 350 individuals, of whom approximately 60% report having a barrier to employment. This initiative empowers people by equipping them with the skills and experience needed to secure employment, either within Goodwill or in the broader community. In doing so, Abilene Goodwill fosters inclusion, economic independence, and personal growth among those who might otherwise struggle to find work, making a profound difference in the lives of many in the Abilene area.
This information is meant to be a general summary of Abilene 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: $82,119
- Gross Receipts: $16,875,571
Assets and Liabilities:
- Total Assets: $22,260,276
- Total Liabilities: $4,459,482
- Net Assets: $17,800,794
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Organization Details
Founding Year
1983
Phone
(325) 676-7925Principal Officer
Rick Waldraff
Main Address
2200 N 1ST STREET, ABILENE, TX, 79603
Website
www.goodwillwesttexas.orgNTEE Category
Code: J32Z - Employment
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