Civic Intelligence

Goodwill Industries Foundation Inc

990 • Fiscal year 2014 • EIN 20-2537638

Jul 01, 2013 to Jun 30, 2014 • Filed on Feb 10, 2015

115 Haywood Rd29607

(864) 351-0104

Siviq Scores

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

Liabilities / Assets

13th percentile

0.00x

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

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

13th percentile

0.00x

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

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

90th percentile

43%

Higher net margin than 90% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

95th percentile

$319,418

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 176.8% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

73rd percentile

12%

Faster asset growth than 73% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Assets

Up

$2,275,923

Up $239,470 (+12%) from 2013

Net Assets

Up

$2,275,923

Up $239,470 (+12%) from 2013

Liabilities

Flat

$0

Flat from 2013

Revenue

$180,621

No earlier filing loaded for comparison.

Expenses

Up

$102,485

Up $36,762 (+56%) from 2013

Net Income

$78,136

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2011: $1,748,361Liabilities 2011: $0Net Assets 2011: $1,748,3612011Assets 2012: $1,814,830Liabilities 2012: $0Net Assets 2012: $1,814,8302012Assets 2013: $2,036,453Liabilities 2013: $0Net Assets 2013: $2,036,4532013Assets 2014: $2,275,923Liabilities 2014: $0Net Assets 2014: $2,275,9232014Assets 2015: $0Liabilities 2015: $0Net Assets 2015: $02015

Highlighted filing

2014

Assets$2,275,923
Liabilities$0
Net Assets$2,275,923

Operations Trend

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

$200K$150K$100K$50K$0Expenses 2011: $43,9362011Expenses 2012: $62,9942012Expenses 2013: $65,7232013Revenue 2014: $180,621Expenses 2014: $102,485Net Income 2014: $78,1362014Revenue 2015: $175,560Expenses 2015: $95,488Net Income 2015: $80,0722015

Highlighted filing

2014

Revenue$180,621
Expenses$102,485
Net Income$78,136
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Feb 10, 2015
Return Version
2013v4.0
Gross Receipts
$662,014
Mission and Program Overview

Mission

The goodwill foundation will raise, manage, and distribute assets to benefit goodwill industries of upstate/midlands sc.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,460,527$1,929,868▲ $469,341
Investments Other Securities$222,539$141,682▼ $80,857
Cash and Non-Interest-Bearing Accounts$229,428$137,672▼ $91,756
Accounts Receivable$123,959--
Total Assets$2,036,453$2,275,923▲ $239,470
Other Assets Total$0$66,701▲ $66,701
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$2,027,532$2,275,923▲ $248,391
Temporarily Rstr Net Assets$8,921$0▼ $8,921
Total Net Assets Fund Balance$2,036,453$2,275,923▲ $239,470
Total Liabilities and Net Assets / Fund Balance$2,036,453$2,275,923▲ $239,470

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$141,682--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Brad MajorsVP - Marketing$128,903$128,903

Board Members and Trustees

NameTitle
Debbie WallaceChairman
Patrick MichaelsCEO and President
Jerod MannVice Chairman
Bob NorrisBoard Member
Hank CannonBoard Member
Jr BoyceBoard Member
Lynn SkidmoreBoard Member
Mccrady GwinnBoard Member
Mike ArmorBoard Member
Paul KumlerBoard Member
Phillip CrowderBoard Member
Raj VelloreBoard Member
Ric BarnettBoard Member
Sam KellyBoard Member
Stephanie HendrixBoard Member
Jenny GonzalezSecretary
Jesse TateTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$70,513
Program Service Revenue
$0
Investment Income
$110,108
Other Revenue
$0
Change in Net Assets
$78,136

Audited Revenue Reconciliation

Revenue per Audited Statements
$180,621
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$161,334
Total Revenue per Audited Statements
$341,955
Total Revenue per Form 990
$180,621
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$67,500
Other Expenses$34,985
Total Fundraising Expense$34,985
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$67,500--$67,500
Fees for Service Investment Mgmnt Fees--$24,715$24,715
Conferences and Meetings--$8,921$8,921
Fees for Services Other--$1,349$1,349
Total Functional Expenses$67,500$0$34,985$102,485

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$102,485
Total Expenses per Audited Statements$102,485
Total Expenses per Form 990$102,485
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
57-0564001-501(c)(3)Scholarships$67,500
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$70,513---
Total Events$70,513---
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
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
No
Other officer compensation reviewed
No
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 copy of the form 990 is provided to the board of directors for approval. Following the board's approval, the 990 is submitted electronically to the irs and a copy is filed with the south carolina secretary of state.

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

Board members review the policy and are required to sign annually. If a member has a conflict of interest, they do not participate during the discussion of, or the vote on, the transaction or arrangement involving the possible conflict of interest. Due diligence is exercised in all possible conflict of interest transactions.

Form 990, Part VI, Section C, Line 18

The organization provides the form 990 on their website. Also, recent filings of the form 990 are made available online at www.guidestar.org.

Form 990, Part VI, Section C, Line 19

The organization makes their governing documents available upon request.

Filing and Contact Details

Filer

EIN
20-2537638
Phone
8643510104

Signing Officer

Name
Patrick Michaels
Title
CEO and President
Phone
8643510104
Signed
2015-02-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Patrick Michaels
Formed
2004
Legal Domicile
Sc
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
62

Preparer

Preparer
Amy Bibby
Phone
8282542254
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The organization has obtained nonprofit status under internal revenue code section 501(c)(3), and as such, is exempt from income taxes except on unrelated business income. Accordingly, the accompanying combined financial statements do not reflect a provision or liability for federal and state income taxes. The organization has determined that there are no material unrecognized tax benefits or obligations as of june 28, 2014. Fiscal years ending on or after june 30, 2011 remain subject to examination by federal and state tax authorities.

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IRS990/PYTotalExpensesAmt065723
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0167548
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt078136
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990ScheduleA/Contribution35ControlledInd00
IRS990ScheduleA/ContributionControllerInd00
IRS990ScheduleA/ContributionFamilyInd00
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0570564001
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeDesc07
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine10GOODWILL INDUSTRIES OF UPSTATEMIDLANDS OF SOUTH CAROLINA
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0102485
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0161334
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0141682
IRS990ScheduleD/OtherSecuritiesGrp/Desc0ALTERNATIVE INVESTMENTS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/RevenueNotReportedAmt0161334
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0180621
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS OBTAINED NONPROFIT STATUS UNDER INTERNAL REVENUE CODE SECTION 501(C)(3), AND AS SUCH, IS EXEMPT FROM INCOME TAXES EXCEPT ON UNRELATED BUSINESS INCOME. ACCORDINGLY, THE ACCOMPANYING COMBINED FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION OR LIABILITY FOR FEDERAL AND STATE INCOME TAXES. THE ORGANIZATION HAS DETERMINED THAT THERE ARE NO MATERIAL UNRECOGNIZED TAX BENEFITS OR OBLIGATIONS AS OF JUNE 28, 2014. FISCAL YEARS ENDING ON OR AFTER JUNE 30, 2011 REMAIN SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAX AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt0141682
IRS990ScheduleD/TotalExpensesPerForm990Amt0102485
IRS990ScheduleD/TotalRevenuePerForm990Amt0180621
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0341955
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0102485
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt070513
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt070513
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt070513
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt070513
IRS990ScheduleG/FundraisingEventInformationGrp/NameOfEvent1Amt0MUD RUN
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt067500
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SCHOLARSHIPS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine10GOODWILL INDUSTRIES OF UPSTATEMIDLANDS SOUTH CAROLINA INC
IRS990ScheduleI/RecipientTable/RecipientEIN0570564001
IRS990ScheduleI/RecipientTable/USAddress/AddressLine10115 HAYWOOD ROAD
IRS990ScheduleI/RecipientTable/USAddress/City0GREENVILLE
IRS990ScheduleI/RecipientTable/USAddress/State0SC
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode029607
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION PROVIDED SUPPORT TO GOODWILL INDUSTRIES OF UPSTATE/MIDLANDS SOUTH CAROLINA, INC AS PART OF ITS EXEMPT PURPOSE. THE USE OF THE FUNDS WAS MONITORED BY COMMON MANAGEMENT OVERSIGHT.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd01
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt075000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0206115
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt017500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt020803
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0PATRICK MICHAELS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO AND PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0319418
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0UPPER MANAGEMENT MAY BE AWARDED INCENTIVE COMPENSATION BASED ON A HIGH LEVEL OF PERFORMANCE ON THESE CRITERIA: IMPROVED NET INCOME, AN INCREASE IN THE NUMBER OF PEOPLE SERVED AND PERSONS PLACED INTO EMPLOYMENT, AND DOCUMENTED ACHIEVEMENT OF INDIVIDUAL PROFESSIONAL GOALS DURING THE FISCAL YEAR. ALL COMPENSATION IS DEEMED REASONABLE FOR SERVICES RENDERED AND BASED ON OBJECTIVE COMPARABLE COMPENSATION DATA.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 6
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF THE FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS FOR APPROVAL. FOLLOWING THE BOARD'S APPROVAL, THE 990 IS SUBMITTED ELECTRONICALLY TO THE IRS AND A COPY IS FILED WITH THE SOUTH CAROLINA SECRETARY OF STATE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS REVIEW THE POLICY AND ARE REQUIRED TO SIGN ANNUALLY. IF A MEMBER HAS A CONFLICT OF INTEREST, THEY DO NOT PARTICIPATE DURING THE DISCUSSION OF, OR THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. DUE DILIGENCE IS EXERCISED IN ALL POSSIBLE CONFLICT OF INTEREST TRANSACTIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION PROVIDES THE FORM 990 ON THEIR WEBSITE. ALSO, RECENT FILINGS OF THE FORM 990 ARE MADE AVAILABLE ONLINE AT WWW.GUIDESTAR.ORG.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES THEIR GOVERNING DOCUMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine10GOODWILL IND OF UPSTATEMIDLANDS OF SOUTH CAROLINA INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine10GOODWILL INDUSTRIES OF UPSTATEMIDLANDS OF SOUTH CAROLINA INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine11GOODWILL SC VOCATIONS & INDIVIDUAL ADVANCEMENT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0570564001
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1270937694
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0SC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1SC

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