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Goodwill Industries of the Valleys

Roanoke, VA · EIN 54-0884014 · 501(c)(3) · Publicly supported organization (170(b)(1)(A)(vi))
Latest filing: Form 990 for calendar year 2024 (tax year 2024) · View the filing · Correct or respond

Goodwill Industries of the Valleys reported $24.0 million in revenue and $18.9 million in expenses for calendar year 2024. Of every $100 it spent, $55.07 went to program services, $44.38 to management and general costs and $0.55 to fundraising. Its largest source of revenue was contributions and grants: 41.3% of the total. Government grants made up 36.8%. The highest compensation it reported for one person was $340,941 (PRESIDENT & CEO). 14 people received more than $100,000 in reportable compensation. Revenue rose 25% between 2019 and 2024. Source: Form 990, 2024.

Where $100 of spending went

Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $19M

For context, the median across 409 covered employment charities: $88.97 programs, $11.03 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

Calendar year 2024 · Form 990, Part VIII · total revenue $24M

The 990 scorecard · same measures for every charity, no grades

2024 filing. Median across 409 covered charities in this category, from their latest filings.
Measure2024Median
Program services
Part IX 25(B) ÷ 25(A)
55.1%88.0%
Management & general
Part IX 25(C) ÷ 25(A)
44.4%10.9%
Fundraising
Part IX 25(D) ÷ 25(A)
0.6%0.0%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.01$0.00
Contributions & grants share of revenue
Part VIII 1h ÷ 12
41.3%22.8%
Government grants share of revenue
Part VIII 1e ÷ 12
36.8%1.4%
Program service revenue share
Part VIII 2g ÷ 12
27.2%62.6%
Highest reported compensation
Part VII-A, columns D–F
$340,941$297,435
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
1.80%1.26%
People paid over $100,000
Part VII, line 2
146
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
26.68.1
Independent voting board members
Part VI 1a–1b
19 of 19100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

2024 · Form 990, Part III · the three largest programs by expense
$5.6M expenses · 53.7% of program spending · revenue $2.3M

Workforce development - goodwill receives federal grants designed to assist individuals who are low income, dislocated, over the age of 55 and on a low income, youth that are at-risk, and other individuals who have barriers to employment. Goodwill provides training and education to prepare individuals for employment opportunities and helps them to find a job. Through training and employment programs individuals are able to achieve the pride, dignity, and self-respect that comes from earning a paycheck and contributing to the community

$3.9M expenses · 37.8% of program spending · revenue $3.1M

Work training services - goodwill procures grants from local, regional, and national foundations, companies, and municipalities to fund programs that help individuals get back to work and gain greater independence. Individuals served included youth, adults, and seniors with disabilities and other barriers to employment, such as incarceration and youth who are at risk of dropping out of school or involvement with the juvenile justice system

$885K expenses · 8.5% of program spending · revenue $1.1M

Source america - goodwill contracts with the federal government to employ individuals with disabilities and other barriers to employment. These individuals provide janitorial services in local federal facilities thus allowing them to live and work independently

Highest reported compensation

2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
PRESIDENT & CEO
Officer, 40.00 hrs/week
$316,152$0$24,789$340,941
CHIEF FINANCIAL OFFICER
Officer, 40.00 hrs/week
$218,988$0$21,686$240,674
CHIEF OPERATIONS OFFICER
Officer, 1.00 hrs/week
$0$222,425$14,867$237,292
CHIEF TRANSFORMATION OFFICER
Officer, 40.00 hrs/week
$221,047$0$10,572$231,619
VICE PRESIDENT BUISNESS OPTIMIZATION
Officer, 1.00 hrs/week
$0$150,148$4,596$154,744
SENIOR VICE PRESIDENT
Officer, 40.00 hrs/week
$148,129$0$4,444$152,573
CHIEF PEOPLE OFFICER
Officer, 40.00 hrs/week
$145,035$0$4,252$149,287
SENIOR NETWORK ENGINEER
Highest compensated employee, 40.00 hrs/week
$123,396$0$14,778$138,174

14 people received more than $100,000 in reportable compensation from Goodwill Industries of the Valleys (Part VII, line 2). Compensation of current officers, directors and key employees totaled $2.1M (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$10M$20M$30M$40M201920202021202220232024$24M$19M
FilingRevenueExpensesProgramsNet assetsTop pay
2024 ⓘ$24M$19M55.1%$42M$340,941
2023 ⓘ$19M$20M51.4%$36M$298,644
2022 ⓘ$15M$19M54.3%$34M$271,064
2021 ⓘ$17M$18M59.0%$42M$203,144
2020 ⓘ$29M$16M64.6%$42M$327,352
2019 ⓘ$19M$18M68.6%$29M$303,181

Governance answers, as filed

2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b19 · 19 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4Yes
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 5436

Largest outside contractors

2024 · Form 990, Part VII, Section B · businesses only
KJELLSTROM AND LEE INC
Capital project
$18,495,961
ACCESS INC
Event planning/promotion
$931,389
SELECTIVE INSURANCE CO OF AMERICA
Insurance broker
$509,501
ENTEROS DESIGN PC
Capital project
$337,170

Individuals listed as contractors are left out. 16 contractors were paid more than $100,000 in all.

Private foundation grants it received

3 private foundations reported grants to Goodwill Industries of the Valleys totaling $450 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from Goodwill Industries of the Valleys's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Goodwill Industries of the Valleys, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All employment charities · Largest charities in Virginia

Questions people ask

How much of Goodwill Industries of the Valleys's spending goes to programs?

In calendar year 2024, Goodwill Industries of the Valleys reported that 55.1% of its $18.9 million in expenses went to program services, 44.4% to management and general and 0.6% to fundraising (Form 990, Part IX).

How much does Goodwill Industries of the Valleys pay its top executive?

The largest total compensation Goodwill Industries of the Valleys reported for one person in calendar year 2024 was $340,941, for the role of PRESIDENT & CEO (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Goodwill Industries of the Valleys get its money?

Of $24.0 million in revenue in calendar year 2024, 41.3% came from contributions and grants (including 36.8% from government grants) and 27.2% from program service revenue (Form 990, Part VIII).

Is Goodwill Industries of the Valleys a registered charity?

The IRS lists EIN 54-0884014 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • 2024: Form 990 for calendar year 2024, object 202533189349303158 · read the filing · XML
  • 2023: Form 990 for calendar year 2023, object 202443169349304019 · read the filing
  • 2022: Form 990 for calendar year 2022, object 202333109349300013 · read the filing
  • 2021: Form 990 for calendar year 2021, object 202233189349309058 · read the filing
  • 2020: Form 990 for calendar year 2020, object 202141349349301529 · read the filing
  • 2019: Form 990 for calendar year 2019, object 202042319349300814 · read the filing

All filings for EIN 54-0884014: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.