Better Business Bureau Report for
Goodwill Industries of Monocacy Valley Inc

Better Business Bureau Report issued April 2012
Better Business Bureau Report expires April 2014


This BBB Accredited charity meets all 20 Standards for Charity Accountability. Find out more...


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Charity Contact Information

Name: Goodwill Industries of Monocacy Valley Inc
Address: 400 E Church Street
  Frederick, MD 21701
Phone: 301-662-0622
301-662-0623
Web Address: www.gimv.org
Also known as:Goodwill Industries
GIMV
Goodwill
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Better Business Bureau Comments

Year, State Incorporated: 41, Maryland
Affiliates: None
Stated Purpose: Goodwill Industries of Monocacy Valley, Inc creates hope, jobs and futures in our community by providing employment training and services to everyone with challenges who wants to work.

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Evaluation Conclusions

              

Goodwill Industries of Monocacy Valley Inc meets the 20 Standards for Charity Accountability.
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Programs

              

Employment Program Services

For the fiscal year ended December 31, 2011, Goodwill Industries of Monocacy Valley Inc's program expenses were:

  
Donatated Goods 5,793,890
Employment Services 1,474,039
Rental 82,755
Industrial Contracts 70,541
Total Program Expenses: $7,421,225
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Governance

              

Chief Executive : Daniel J Kurtenbach, President and CEO
Compensation*: 
$151,395

Chair of the Board: Mike Fox
Chair's Profession / Business Affiliation: Human Resource Management

Board Size: 13

Paid Staff Size: 190

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

              

Method(s) Used:

direct mail, invitations to fund raising events, print advertisements, grant proposals, door to door
Fund raising costs were 1% of related contributions. (Related contributions, which totaled $8,240,429, 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 Industries of Monocacy Valley Inc's audited financial statements for the fiscal year ended December 31, 2011.

Source of Funds  
Retail Store Sales 6,367,805
Employment services 1,091,301
Salvage 641,509
Industrial Contracts 71,189
Interest and dividends 41,779
Contributions 32,450
Rentals 21,370
Other 20,266
Unrealized gain 7,952
United Way 6,853
Realized gain 5,168
Total Income $8,307,642


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Uses of Funds as a % of Total Expenses

Programs: 93%  Fund Raising: 1%  Administrative: 6% 

Total income $8,307,642
Program expenses $7,421,225
Fund raising expenses 100,780
Administrative expenses 490,151
Total expenses $8,012,156
Income in Excess of Expenses 295,486
Beginning net assets 3,241,702
Ending net assets 3,537,188
Total liabilities 3,701,185
Total assets $7,238,373


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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.

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