Better Business Bureau Report for
Goodwill of Southern Indiana, Inc.

Better Business Bureau Report issued January 2013
Better Business Bureau Report expires January 2015


This BBB Accredited charity meets all 20 Standards for Charity Accountability and is a Seal Holder. Find out more...


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Charity Contact Information

Name: Goodwill of Southern Indiana, Inc.
Address: 1329 Applegate Lane
  Clarksville, IN 47129
Phone: 812-283-7908
Web Address: www.goodwillsi.org
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Better Business Bureau Comments

Formerly known as:Bridgepointe Services and Goodwill Industries of Southern Indiana
Goodwill Bridgepointe Services

Year, State Incorporated: 1961, Indiana
Affiliates: None
Stated Purpose: The mission of Goodwill of Southern Indiana, Inc. is to serve children, adults and our community through the power of donated goods.

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Evaluation Conclusions

              

Goodwill of Southern Indiana, Inc. meets the 20 Standards for Charity Accountability.
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Programs

              

Goodwill of Southern Indiana, Inc. provides a variety of programs and services for children and adults with disabilities, disadvantages and special needs. These services include Employment Services, Child Care Center, Family Support, A Book of My Own, Job Connection Center and Vouchers. In addition, the agency operates 11 Goodwill Stores that provide affordable items. Goodwill of Southern Indiana specific programs and activities include: --Early Childhood Programs and Preschool --Employment Services for persons with disabilities and disadvantages --Pediatric Family Support Services for children with special needs --Vouchers - in partnership with crisis service organizations, provides vouchers for free clothing --Goodwill Stores - providing affordable clothing and household goods --Recycling - this free service allows the community to donate computer equipment, electronics and cell phones for recycling

For the fiscal year ended June 30, 2013, Goodwill of Southern Indiana, Inc.'s program expenses were:

  
Goodwill stores 11,618,426
Children's learning center 1,180,535
Employment resources 261,306
Automobiile auctions 37,720
Family support services 7,410
Total Program Expenses: $13,105,397
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Governance

              

Chief Executive : Candice C. Barksdale, Chief Executive Officer
Compensation*: 

Chair of the Board: Kyra McCormick
Chair's Profession / Business Affiliation: Banker

Board Size: 23

Paid Staff Size: 275

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Fund Raising

              

Method(s) Used:

Methods of fund raising include invitations to fund raising events, print advertisements, radio, grant proposals, internet, planned giving arrangements, and membership. The organization also generates revenue from the operation of thrift stores and from automobile donations.

In addition, Goodwill of Southern Indiana is a Metro United Way member agency.

Fund raising costs were 4% of related contributions. (Related contributions, which totaled $4,200,181, are donations received as a result of fund raising activities.)
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Tax Status

              

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
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Financial

              

The following information is based on Goodwill of Southern Indiana, Inc.'s audited financial statements for the fiscal year ended June 30, 2013.

Ending net assets as reported below include $10,254,262 in unrestricted net assets, $198,979 in temporarily restricted net assets, and $34,615 in permanently restricted net assets.

Total assets as reported include $8,198,557 invested in property, land, and equipment.

Revenue and support includes $14,446 in capital campaign contributions.


Source of Funds  
Retail stores, recycling and automobile sales (net of cost of sales of $326,148 for 2012 and $610,552 for 2011) 9,300,879
In-kind contributions of merchandise and automobiles 3,718,168
Client service 750,484
Metro United Way 173,356
Contributions 158,526
Unrealized gain (loss) on derivative instruments 133,768
Rental Income 91,410
Special Events 76,382
Investments 68,606
USDA 59,303
Capital Campaign 14,446
Realized gain on investments 5,375
Other Income 2,048
Loss on disposal of property and equipment -7,772
Total Income $14,544,979


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Uses of Funds as a % of Total Expenses

Programs: 95%  Fund Raising: 1%  Administrative: 4% 

Total income $14,544,979
Program expenses $13,105,397
Fund raising expenses 179,746
Administrative expenses 482,024
Total expenses $13,767,167
Income in Excess of Expenses 777,812
Beginning net assets 9,710,044
Ending net assets 10,487,856
Total liabilities 4,864,324
Total assets $15,352,180

This report was originally issued in January 2013. Financial information in the report was updated in March 2014.

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An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the BBB Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.

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