Overview
What is Goodwill Ventures?
Goodwill Ventures is a nonprofit organization that solely serves the benefits of Goodwill Industries of Michiana, Inc. Situated in South Bend, IN, its primary purpose is to support and contribute to the operations of its parent organization. Goodwill Ventures operates with the mission to contribute to the overall wellbeing and success of Goodwill Industries of Michiana, IN.
Official website here: www.goodwill-ni.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Star rating)
Goodwill Ventures has received a Three-Star rating from Charity Navigator, reflecting a solid level of accountability and financial management. The organization scored 82% overall, with its rating primarily based on a strong performance in the Accountability & Finance category. This rating indicates that Goodwill Ventures is generally effective in managing its resources and maintaining transparency.
The nonprofit demonstrates several organizational strengths, including a fully independent board consisting of five members, as well as comprehensive policies regarding conflicts of interest, whistleblowing, and document retention. Additionally, the organization has a high program expense ratio of 88.27%, suggesting that a significant portion of its resources is directed towards its programs. Furthermore, all required documentation is properly listed on their tax forms, enhancing their credibility.
However, a notable limitation is reflected in the liabilities to assets ratio, which stands at 104.31%. This indicates that the organization's liabilities exceed its assets, potentially raising concerns about financial stability. Overall, while Goodwill Ventures shows strong governance and programmatic efficiency, attention may be needed regarding its financial leverage.
This AI summary has been generated from information found on Charity Navigator.
Is Goodwill Ventures legitimate?
Goodwill Ventures is a legitimate nonprofit organization registered as a 501(c)(3) entity. Goodwill Ventures 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.goodwill-ni.org
What is the mission statement of Goodwill Ventures?
Goodwill Ventures is an entity established to support Goodwill Industries of Michiana, Inc. Its primary role is to contribute to the overall objectives of its parent organization. While specific mission details are not provided, it can be inferred that Goodwill Ventures aims to advance the goals of Goodwill Industries of Michiana, Inc., which is to help people gain independence through education, training, and job placement services. The organization operates solely for the betterment of Goodwill Industries of Michiana, Inc., providing assistance in achieving its mission to enhance individuals' lives and communities.
Official website here: www.goodwill-ni.org
Who is the CEO of Goodwill Ventures?
Karman Eash is the Board Member of Goodwill Ventures.
Official website here: www.goodwill-ni.org
What is the revenue of Goodwill Ventures?
Goodwill Ventures's revenue in 2022 was $153,600.
Official website here: www.goodwill-ni.org
Who are the executives of Goodwill Ventures and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $288,981
- Other: $20,531
Official website here: www.goodwill-ni.org
Where can I find the form 990 for Goodwill Ventures?
Goodwill Ventures's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.goodwill-ni.org
Learn more at the official website: www.goodwill-ni.org
Mission Statement of Goodwill Ventures
Goodwill Ventures, a self-serving entity, is dedicated to supporting Goodwill Industries of Michiana, Inc. in its operations. The mission of Goodwill Ventures is to contribute to the well-being of its parent organization, ensuring its success and continuity. This corporation operates independently, yet its purpose is intrinsically linked to the success of Goodwill Industries of Michiana, Inc. Goodwill Ventures does not engage in any activities beyond its role as a benefactor to its parent organization. The corporation operates with a single-minded focus on advancing the cause of Goodwill Industries of Michiana, Inc., ensuring its continued growth and impact in the community.
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Impact
October, 2024
Goodwill Ventures significantly impacts the local community by providing essential support to Goodwill Industries of Michiana, Inc. Based in South Bend, IN, it plays a crucial role in enhancing human services in the region. By focusing its efforts on improving the lives of individuals and families, Goodwill Ventures contributes to workforce development, skill training, and employment opportunities for those facing challenges in the job market. This support ultimately fosters economic self-sufficiency and empowerment among community members, promoting a more inclusive and supportive environment for all.
This information is meant to be a general summary of Goodwill Ventures. 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.
- Gross Receipts: $153,600
Assets and Liabilities:
- Total Assets: $8,249,104
- Total Liabilities: $8,605,402
- Net Assets: -$356,298
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Organization Details
Founding Year
2019
Phone
(574) 472-7300Principal Officer
Karman Eash
Main Address
1805 W WESTERN AVENUE, SOUTH BEND, IN, 46619
Website
www.goodwill-ni.orgNTEE Category
Code: P40 - Human services
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