Civic Intelligence

Gulfstream Goodwill Industries Foundation Inc

990 • Fiscal year 2014 • EIN 11-3704566

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 16, 2015

Organization Profilewww.gulfstreamgoodwill.com
1715 Tiffany Drive EastWest Palm Beach, FL 33407

(561) 848-7200

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2014

Liabilities / Revenue

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

99th percentile

96%

Higher net margin than 99% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

100th percentile

$394,220

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 3138.2% of source-year revenue.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

1st percentile

-100%

Faster asset growth than 1% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

4th percentile

-79%

Faster revenue growth than 4% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$0

Down $700,331 (-100%) from 2013

Net Assets

Down

$0

Down $700,331 (-100%) from 2013

Liabilities

Flat

$0

Flat from 2013

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin99th percentile

Revenue

Down

$12,562

Down $48,621 (-79%) from 2013

Expenses

Down

$477

Down $1,448 (-75%) from 2013

Net Income

Down

$12,085

Down $47,173 (-80%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth1st percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800K$600K$400K$200K$0Assets 2011: $542,490Liabilities 2011: $0Net Assets 2011: $542,4902011Assets 2012: $624,530Liabilities 2012: $0Net Assets 2012: $624,5302012Assets 2013: $700,331Liabilities 2013: $0Net Assets 2013: $700,3312013Assets 2014: $0Liabilities 2014: $0Net Assets 2014: $02014

Highlighted filing

2014

Assets$0
Liabilities$0
Net Assets$0
Open 2014 Filing

Operations Trend

Revenue Growth4th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$150K$100K$50K$0Revenue 2011: $104,960Expenses 2011: $1,804Net Income 2011: $103,1562011Expenses 2012: $1,8882012Revenue 2013: $61,183Expenses 2013: $1,925Net Income 2013: $59,2582013Revenue 2014: $12,562Expenses 2014: $477Net Income 2014: $12,0852014

Highlighted filing

2014

Revenue$12,562
Expenses$477
Net Income$12,085
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 16, 2015
Return Version
2014v5.0
Gross Receipts
$12,562
Mission and Program Overview

Mission

Providing the fundraising vehicle to support the mission of Gulfstream Goodwill Industries, Inc. in its charitable mission of assisting individuals with disabilities and other barriers to employment to become self-sufficient working members of the community.

To assist Gulfstream Goodwill Industries, Inc. in their mission to assist persons with disabilities and other barriers to employment in order to become a self-sufficient, working member of society and our community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$700,331$0▼ $700,331
Cash and Non-Interest-Bearing Accounts-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$700,331$0▼ $700,331
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$700,331$0▼ $700,331
Total Net Assets Fund Balance$700,331$0▼ $700,331
Total Liabilities and Net Assets / Fund Balance$700,331$0▼ $700,331

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$0$6,950$6,950
Compensation and Service Providers
Top Officer Pay100th percentile

Employees

NameTitleOtherTotal
Brian EdwardsVice President$112,319$112,319

Board Members and Trustees

NameTitle
Anthony JordanChairman
Marvin A TanckCEO & President
Carl J MinardoDirector
Carl J NicolaDirector
Chung WongDirector
Clive Stuart-FindlayDirector
Davide CarboneDirector
George MatsoukasDirector
Harold AtchisonDirector
Laurel BakerDirector
Patricia ReyboldDirector
Patrick WhiteheadDirector
RADM Philip WhitacreDirector
Sherry SteffChief Financial Officer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$11,972
Other Revenue
$590
Change in Net Assets
$12,085

Audited Revenue Reconciliation

Revenue per Audited Statements
$12,562
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$46,836,789
Total Revenue per Audited Statements
$46,849,351
Total Revenue per Form 990
$12,562
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$477
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses-$477-$477
Total Functional Expenses$0$477$0$477

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$46,175,363
Expenses Not Reported on Form 990$46,174,886
Expenses per Audited Statements$477
Total Expenses per Form 990$477
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11

“A draft of the Form 990 was not provided to the board prior to filing.”

Form 990, Part VI, Section B, line 12C

“Conflict of Interest Monitoring: All officers, trustees and employees are provided with a copy of the organization's conflict of interest policy. The policy states that potential conflicts shall be disclosed involving any situation or transaction in which they are involved and which in their opinion, violates, may violate, or could appear to violate the intent of the company's conflict of interest or ethical policy statement. Such disclosures and exception request shall be presented to the President for a ruling.”

Form 990, Part VI, Section B, line 15

“Process of determining compensation: The Compensation Committee of the Board of Directors of Gulfstream Goodwill Industries, Inc. annually reviews and approves the compensation of the CEO/President. The process was last performed in May 2015. The President and Vice President of the governing organization, Gulfstream Goodwill Industries, Inc. reviews the salary guidelines and the actual salaries of the officers in a quantitative analysis, prepared by the V.P. of Human Resources of the governing body, accessing wage information made available through Human Resources' subscription to various external sources.”

Form 990, Part VI, Section C, line 19

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Gulfstream Goodwill Industries Foundation Inc
EIN
11-3704566
Phone
5618487200
Address
1715 Tiffany Drive East, West Palm Beach, FL 33407

Signing Officer

Name
Sherry Steff
Title
Chief Financial Officer
Phone
5618487200
Signed
2015-11-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marvin Tanck
Formed
2003
Legal Domicile
Fl
Voting Board Members
23
Independent Board Members
23
Employees
0
Volunteers
1

Preparer

Firm
Holyfield & Thomas LLC
Address
125 Butler Street, West Palm Beach, FL 33407
Preparer
David J Thomas
Phone
5616896000
Supplemental Narrative

Additional Explanations

Form 990, Part III, line 3

“Gulfstream Goodwill Industries Foundation, Inc. (the Merger Corporation), was merged into Gulfstream Goodwill Industries, Inc. (the Surviving Corporation), upon approval of the Plan of Merger by the Board of Directors of the Surviving Corporation on 12/10/2014, (a related 501(c)(3) organization).”

Form 990, Part XI, line 9:

“Organization merged into Gulfstream Goodwill Industries, Inc. -729,496.”

Part XII Line 2C

“Audit Report Review Process - The audit report is reviewed annually at the audit report review meetings as presented by the independent auditor. The process has not changed from the prior period.”

Financial Statement Notes

Part X, Line 2:

“The Foundation is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code of 1986 and from state income taxes under similar provisions of the State of Florida Income Tax Code. The Organization has been classified as a publicly supported organization, which is not a private foundation under 509(a) of the Code. The Organization did not engage in any unrelated business activities during the year ended December 31, 2014, and accordingly there is no provision for income taxes reflected in the accompanying consolidated financial statements. The Organization follows FASB ASC 740, Accounting for Uncertainty in Income Taxes. This standard seeks to reduce the diversity in practice associated with certain aspects of measurement and recognition in accounting for income taxes. It prescribes a recognition threshold and measurement attribute for financial statement recognition and measurement of a tax position that an entity takes or expects to take in a tax return. An entity may only recognize or continue to recognize tax positions that meet a "more likely than not" threshold. The Organization assesses the income tax positions based on management's evaluation of the facts, circumstances, and information available at the reporting date. The Organization uses the prescribed "more likely than not" threshold when making their assessment. There are currently no open Federal or State tax years under audit.”

Part XI, Line 2D - Other Adjustments:

“Revenue - Lighthouse For the Blind 864,920. Revenue - Gulfstream Goodwill Industries, Inc. 46,661,933. Eliminating amounts -707,144.”

Part XII, Line 2D - Other Adjustments:

“Expenses - Lighthouse For the Blind 835,660. Expenses - Gulfstream Goodwill Industries, Inc. 46,046,370. Eliminating amounts -707,144.”

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IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt061183
IRS990/QuidProQuoContributionsInd00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt012085
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0700331
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/MajorityDirTrstSupportedOrgInd01
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0591197040
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeDesc0501(c)(3)
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0Gulfstream Goodwill Industries Inc
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType2Ind0X
IRS990ScheduleA/SupportSumAmt00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/ExpensesNotReportedAmt046174886
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0477
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt017080
IRS990ScheduleD/OtherExpensesIncludedAmt046174886
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt06950
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt06950
IRS990ScheduleD/OtherRevenueAmt046819709
IRS990ScheduleD/RevenueNotReportedAmt046836789
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt012562
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Foundation is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code of 1986 and from state income taxes under similar provisions of the State of Florida Income Tax Code. The Organization has been classified as a publicly supported organization, which is not a private foundation under 509(a) of the Code. The Organization did not engage in any unrelated business activities during the year ended December 31, 2014, and accordingly there is no provision for income taxes reflected in the accompanying consolidated financial statements. The Organization follows FASB ASC 740, Accounting for Uncertainty in Income Taxes. This standard seeks to reduce the diversity in practice associated with certain aspects of measurement and recognition in accounting for income taxes. It prescribes a recognition threshold and measurement attribute for financial statement recognition and measurement of a tax position that an entity takes or expects to take in a tax return. An entity may only recognize or continue to recognize tax positions that meet a "more likely than not" threshold. The Organization assesses the income tax positions based on management's evaluation of the facts, circumstances, and information available at the reporting date. The Organization uses the prescribed "more likely than not" threshold when making their assessment. There are currently no open Federal or State tax years under audit.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Revenue - Lighthouse For the Blind 864,920. Revenue - Gulfstream Goodwill Industries, Inc. 46,661,933. Eliminating amounts -707,144.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Expenses - Lighthouse For the Blind 835,660. Expenses - Gulfstream Goodwill Industries, Inc. 46,046,370. Eliminating amounts -707,144.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 2d - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XII, Line 2d - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0477
IRS990ScheduleD/TotalRevenuePerForm990Amt012562
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt046849351
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt046175363
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt0142479
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0228084
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1127193
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt09499
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt15669
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt010100
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt19408
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt04058
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt18286
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Marvin A Tanck
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1Sherry Steff
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO & President
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1Chief Financial Officer
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0394220
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1150556
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0Marvin Tanck, CEO Compensation Determination Method: 1. Compensation Committee 2. Written Employment Contract 3. Compensation survey/study 4. Approval by board/compensation committee
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt1Marvin A. Tanck is the CEO and President of the related organization: "Gulfstream Goodwill Industries, Inc."
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 3
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc1Part I, Line 5
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleN/AssetsDistributedInd01
IRS990ScheduleN/AttorneyGeneralNotifiedInd00
IRS990ScheduleN/BondsOutstandingInd00
IRS990ScheduleN/DirectorOfSuccessorInd01
IRS990ScheduleN/EmployeeOfSuccessorInd01
IRS990ScheduleN/LiabilitiesPaidInd00
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0Cash, Cash Equivalents, and Liquid Investments, fully depreciated fixed assets
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt0Gulfstream Goodwill Industries Inc
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02014-12-31
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN0591197040
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt0729494
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt0501(c)(3)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0Cash, Cash Equivalents and Public Exchange for Investment Securities, and salvage value of fully depreciated fixed assets.
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt01715 East Tiffany Drive
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm0West Palm Beach
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd0FL
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd033407
IRS990ScheduleN/OwnerOfSuccessorInd00
IRS990ScheduleN/ReceiveCompensationInd00
IRS990ScheduleN/RequiredToNotifyAGInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Gulfstream Goodwill Industries Foundation, Inc. (the Merger Corporation), was merged into Gulfstream Goodwill Industries, Inc. (the Surviving Corporation), upon approval of the Plan of Merger by the Board of Directors of the Surviving Corporation on 12/10/2014, (a related 501(c)(3) organization).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A draft of the Form 990 was not provided to the board prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Conflict of Interest Monitoring: All officers, trustees and employees are provided with a copy of the organization's conflict of interest policy. The policy states that potential conflicts shall be disclosed involving any situation or transaction in which they are involved and which in their opinion, violates, may violate, or could appear to violate the intent of the company's conflict of interest or ethical policy statement. Such disclosures and exception request shall be presented to the President for a ruling.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Process of determining compensation: The Compensation Committee of the Board of Directors of Gulfstream Goodwill Industries, Inc. annually reviews and approves the compensation of the CEO/President. The process was last performed in May 2015. The President and Vice President of the governing organization, Gulfstream Goodwill Industries, Inc. reviews the salary guidelines and the actual salaries of the officers in a quantitative analysis, prepared by the V.P. of Human Resources of the governing body, accessing wage information made available through Human Resources' subscription to various external sources.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Organization merged into Gulfstream Goodwill Industries, Inc. -729,496.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Audit Report Review Process - The audit report is reviewed annually at the audit report review meetings as presented by the independent auditor. The process has not changed from the prior period.

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$0
Liabilities
$0
Net assets
$0
Revenue
$12,562
Expenses
$477
Net income
$12,085
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2014Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.13$0.00$0.12
2013Detailed filing. Detailed filing data is available for this year.$7.00$0.00$7.00$0.61$0.02$0.59
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.25$0.00$6.25$0.02
2011Summary only. Only limited summary data is available for this year.$5.42$0.00$5.42$1.05$0.02$1.03
Peer Organizations

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