Goodwill Industries of North Central

“An external firm, northern trust, serves as outsourced chief investment officer, following the investment policies agreed upon by the board of directors.”

“The organization's form 990 is prepared by an independent accounting firm. Prior to the form being filed, the cfo and controller complete an extensive review. The 990 is then provided to the full board for review. Once board has had opportunity to review the finance and audit committee will approve.”

“The conflict of interest policy is sent to all board directors annually to sign. Board directors and management complete questionnaires each year which are reviewed by designated individuals. The board and management are proactively made aware of any potential conflicts of interest that are disclosed on the annual questionnaires. Should there be an issue of conflict or a potential conflict, the board member discloses and refrains from voting.”

“Goodwill ncw complies with all irs standards in relation to executive compensation and intermediate sanctions. Goodwill ncw utilizes a rigorous process in order to ensure that we hire and retain the necessary leadership and talent to be able to continue to effectively serve and financially sustain the skill-building, sustained employment and improved financial stability services provided to our community. The ceo is responsible and accountable for the effectiveness and long-term sustainability of the organization. The goals of the ceo revolve around mission impact goals including sustained employment and improved financial stability as well as strengthening the social enterprise business, brand, public policy initiatives and leadership development. The executive committee of the goodwill ncw board of directors determines the ceo's salary and, in doing so, takes into account the complexities of the ceo's job based on the strategic plan, leadership, and organizational performance. The executive committee reviews the ceo's compensation within the context of the organization's revenues, services to people, and overall impact on the community. The board sets the ceo's salary using a clear process and compensation best practices including a comparative analysis of similarly sized organizations to understand the highly competitive market for skilled executive leadership. The executive committee relies on outside expertise and independent data from compdata, nonprofit times and companalyst to inform compensation levels. The executive committee and board of directors met at the end of 2024 to review the information, make its determination, and document the basis for their determination. The committee is composed entirely of individuals who do not have a conflict of interest with respect to compensation arrangements. At least once a year a market survey is conducted using external third-party data to ensure roles are appropriately compensated and remain in line with the market. Commonly used data sources include us retail (mercer survey) not-for-profit (comp data survey) and local geographic data (kerber rose survey).”

“Consolidated financial statements are posted on the goodwill industries of north central wisconsin, inc. Website. 990s are available on the guidestar website and this information is also available upon request. Governing documents and conflicts of interest policies are not available to the public.”

“Change in interest in community foundations 295,933.”