BBB Wise Giving Report for
Goodwill Industries International

BBB Wise Giving Report issued February 2010
BBB Wise Giving Report expires April 2012


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 Industries International
Address: 15810 Indianola Drive
  Rockville, MD 20855-2674
Phone: 301-530-6500
Web Address: www.goodwill.org
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BBB Wise Giving Alliance Comments

Year, State Incorporated: 1910, Massachusetts
Affiliates: 15810 Indianola LLC, and 168 chapters
Stated Purpose: "to enhance the diginity and quality of life of individuals and communities by eliminating barriers to opportunity and helping people in need to reach their fullest potential through the power of work."

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Evaluation Conclusions

               

Goodwill Industries International (GII) meets the 20 Standards for Charity Accountability.
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Programs

               

GII functions as a member association, representing the network of independent, community-based Goodwill agencies and providing products, services and expertise that support these local organizations. Each Goodwill agency is an autonomous member of GII. GII reports that this independence is the cornerstone of Goodwill's success for over 100 years, affording the the local Goodwill the flexibility to respond to community needs and opportunities.

For the year ended December 31, 2008, GII's program expenses were:

  
Sponsored programs and grants 13,338,256
Direct services to membership 10,175,564
Support to membership 5,121,135
Total Program Expenses: $28,634,955
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Governance

               

Chief Executive : James D. Gibbons, President and CEO
Compensation*:
 $335,820

Highest Paid Executive: George Kessinger, Former CEO and President
Compensation*: $633,000

Chair of the Board: David Hadani
Chair's Profession / Business Affiliation: Principal, Nebraska Heavy Industries, Lincoln, Nebraska

Board Size: 32

Paid Staff Size: 104

*2008 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising

               

Method(s) Used:

Grant proposals, planned giving, membership dues, Internet appeals, and cause-related marketing
Fund raising costs were 2% of related contributions. (Related contributions, which totaled $29,205,512, 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 GII's audited financial statements (consolidated with affiliate) for the year ended December 31, 2008.

Source of Funds  
Membership dues 15,757,230
Grants from government agencies 12,584,132
Program service fees 2,019,691
Contributions 597,799
Rental 297,237
Legacies and bequests 266,351
Investment income 167,700
Other income 28,071
Gain on sale of equipment 21,207
Unrealized loss on investments -731,983
Total Income $31,007,435


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Uses of Funds as a % of Total Expenses

Programs: 89%  Fund Raising: 1%  Administrative: 10%  Other Expenses: Less than 1%

Total income   $31,007,435
  Program expenses $28,634,955
  Fund raising expenses 455,077
  Administrative expenses 3,360,854
  Other Expenses 19,439
Total expenses   $32,470,325
Expenses in Excess of Income   (1,462,890)
Beginning net assets   14,989,370
Ending net assets   13,526,480
Total liabilities   6,230,907
Total assets   $19,757,387

Note 1: Other expenses above includes $19,439 for a joint venture.

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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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