Goodwill Education Initiatives Inc

“The board of directors reviews a final draft of the form 990 prior to filing and has the opportunity to provide commentary and questions to management.”

“Board members are required to submit an updated conflict of interest form annually.”

“The board of directors of goodwill of central and southern indiana, inc. ("goodwill") has a compensation committee with responsibility to establish the compensation and benefits of the president & chief executive officer ("president") of goodwill, and to provide oversight on the compensation and benefit actions taken by the president with respect to his/her direct reports and/or key employees. The role of the compensation committee and president, as delegated to it by the board of directors, is to ensure that the compensation arrangements of goodwill are structured so that compensation payments to executives are at all times reasonable for an organization subject to the requirements and constraints of the internal revenue code of 1986, as amended (the "code"). In order to maintain its independence and objectiveness, membership on the compensation committee is limited to directors who are not employees or related to employees of goodwill or any affiliated organizations. No member may be an employee of goodwill, subject to the direction or control of any employee of goodwill, nor receive compensation or other payments subject to the approval of any employee of goodwill. Finally, no member may have any material financial interest that would be affected by the compensation arrangement for any executive of goodwill. The compensation committee and president utilize expert outside consultants, independent legal advice, national compensation surveys, and compensation data for comparable organizations. Each year current comparable compensation data is considered in setting compensation and in evaluating prospectively any incentive or contingent compensation plan and ensuring that no amount is paid pursuant to any incentive plan that, when aggregated with base salary and bonus, exceeds reasonable compensation. Goodwill's executive management team provides strategic direction for and day-to-day management of the operation of goodwill and its related entities, gw commercial services, inc., goodwill education initiatives, inc., and goodwill foundation of central and southern indiana, inc. The executive management team is compensated only by goodwill of central and southern indiana, inc., and takes no compensation or other financial benefit from any other related entity. Goodwill's management team encourages interested readers to read the form 990 tax returns of all four entities in order to obtain complete information about the exempt activities, operations and interrelationships of the collective central and southern indiana goodwill organizations.”

“The organization's governing documents, conflict of interest policy, and financial statements are available at the corporate headquarters upon request.”

“Goodwill education initiatives (gei) provides educational opportunities designed to enable young people and adults to enhance their success in life and work. Goodwill of central and southern indiana, inc. (gcsi or goodwill), a not-for-profit corporation related to gei, formed gei in 2004 in response to the large number of young people seeking employment and other services at goodwill with limited career opportunities and without a high school diploma. Gei operates the indianapolis metropolitan high school (the met), a public charter school in an economically depressed urban area in indianapolis under the indiana charter school laws and the chartering authority of the mayor of indianapolis. Gei also operates the excel centers, indiana public charter high schools primarily serving adults who previously dropped out of high school and who wish to obtain their high school diploma. The met and one excel center location occupy space in goodwill's indianapolis headquarters building. The other excel centers lease space. Gei contracts with goodwill for certain business support services, including human resources, safety & security, information technology, facilities, and marketing. The excel centers operated in 13 locations in central indiana in fiscal year 2017-2018. The met primarily serves students who are in foster care, have been involved with the juvenile justice system, and/or have struggled in other school settings. Since inception, nearly 700 students have graduated from the met, and 60% of those graduates have gone on to some form of post-secondary education or training and remain in school two years after graduation. The excel center opened its first location in august 2010 with 306 adult students and completed its eighth year of operations on june 30, 2018. Due to the high demand for its services, the excel center expanded to 13 locations throughout central and southern indiana and student enrollment has grown to over 4,000 students. Since inception over 3,000 students have graduated from the excel center. Students have varying degrees of academic credits and capabilities when they enroll. Excel center students attend classes and connect with a life coach who helps them navigate the barriers that stand in the way of their educational attainment. Demand for excel center enrollment continues to exceed capacity. As a result, gei plans to open additional facilities as indiana legislation and public funding allows.”

“The financial statements of the organization are audited annually as part of the consolidated financial statement audit of goodwill of central and southern indiana, inc. The finance and audit committee of goodwill of central and southern indiana, inc. Meets with auditors during the annual audit planning stage to review the audit plan and any audit concerns. The finance and audit committee then meets with auditors after the annual audit to approve the financial statements draft. Once the draft is approved, the final audit is distributed to all board members for final approval. This process has not changed in the past year. Audits in accordance with omb circular a-133 are performed at the organizer level, as applicable.”