Civic Intelligence

Goodwill Retail Services Inc

EIN 39-2040239 • 501(c)3 • Milwaukee, WI

Profile

Goodwill retail services, inc. ("goodwill retail") is a nonstock, not-for-profit wisconsin corporation, whose sole member is goodwill industries of southeastern wisconsin, inc. ("goodwill"), a wisconsin nonstock, not-for-profit corporation with (continued on schedule o)

6055 N 91st StreetMilwaukee, WI 53225

www.goodwillsew.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

80th percentile

0.73x

Higher debt load relative to assets than 80% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

57th percentile

0.55x

Higher debt load relative to revenue than 57% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Net Margin

29th percentile

-1.1%

Higher net margin than 29% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

75th percentile

$908,671

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 0.4% of source-year revenue.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Asset Growth

58th percentile

7.8%

Faster asset growth than 58% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

26th percentile

-1.3%

Faster revenue growth than 26% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Assets

Up

$154,085,956

Up $11,174,913 (+7.8%) from 2023

Liabilities

Up

$111,890,464

Up $13,457,741 (+14%) from 2023

Net Assets

Down

$42,195,492

Down $2,282,828 (-5.1%) from 2023

Revenue

Down

$203,490,270

Down $2,778,873 (-1.3%) from 2023

Expenses

Down

$205,775,966

Down $6,624,849 (-3.1%) from 2023

Net Income

Up

-$2,285,696

Up $3,845,976 (+63%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$200M$150M$100M$50M$0Assets 2010: $22,323,464Liabilities 2010: $4,932,911Net Assets 2010: $17,390,5532010Assets 2011: $29,679,362Liabilities 2011: $6,018,977Net Assets 2011: $23,660,3852011Assets 2012: $36,403,977Liabilities 2012: $7,871,184Net Assets 2012: $28,532,7932012Assets 2013: $40,370,692Liabilities 2013: $10,675,663Net Assets 2013: $29,695,0292013Assets 2014: $43,211,386Liabilities 2014: $11,574,413Net Assets 2014: $31,636,9732014Assets 2015: $47,208,255Liabilities 2015: $12,665,638Net Assets 2015: $34,542,6172015Assets 2016: $51,501,665Liabilities 2016: $13,243,623Net Assets 2016: $38,258,0422016Assets 2017: $46,986,931Liabilities 2017: $13,809,989Net Assets 2017: $33,176,9422017Assets 2018: $49,415,915Liabilities 2018: $13,772,074Net Assets 2018: $35,643,8412018Assets 2019: $123,036,172Liabilities 2019: $92,660,692Net Assets 2019: $30,375,4802019Assets 2020: $136,418,129Liabilities 2020: $106,668,992Net Assets 2020: $29,749,1372020Assets 2021: $150,087,220Liabilities 2021: $94,635,735Net Assets 2021: $55,451,4852021Assets 2022: $139,243,053Liabilities 2022: $88,633,061Net Assets 2022: $50,609,9922022Assets 2023: $142,911,043Liabilities 2023: $98,432,723Net Assets 2023: $44,478,3202023Assets 2024: $154,085,956Liabilities 2024: $111,890,464Net Assets 2024: $42,195,4922024

Highlighted filing

2024

Assets$154,085,956
Liabilities$111,890,464
Net Assets$42,195,492

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300M$200M$100M$0-$100MExpenses 2010: $71,694,0222010Expenses 2011: $87,658,7282011Expenses 2012: $109,209,2522012Revenue 2013: $126,792,497Expenses 2013: $125,630,261Net Income 2013: $1,162,2362013Revenue 2014: $131,159,567Expenses 2014: $129,217,623Net Income 2014: $1,941,9442014Revenue 2015: $143,051,139Expenses 2015: $140,145,495Net Income 2015: $2,905,6442015Revenue 2016: $144,781,892Expenses 2016: $141,066,467Net Income 2016: $3,715,4252016Revenue 2017: $155,490,930Expenses 2017: $160,572,030Net Income 2017: -$5,081,1002017Revenue 2018: $161,383,755Expenses 2018: $158,916,856Net Income 2018: $2,466,8992018Revenue 2019: $171,222,712Expenses 2019: $176,891,073Net Income 2019: -$5,668,3612019Revenue 2020: $134,804,539Expenses 2020: $133,764,676Net Income 2020: $1,039,8632020Revenue 2021: $197,886,415Expenses 2021: $170,152,764Net Income 2021: $27,733,6512021Revenue 2022: $200,242,275Expenses 2022: $205,119,896Net Income 2022: -$4,877,6212022Revenue 2023: $206,269,143Expenses 2023: $212,400,815Net Income 2023: -$6,131,6722023Revenue 2024: $203,490,270Expenses 2024: $205,775,966Net Income 2024: -$2,285,6962024

Highlighted filing

2024

Revenue$203,490,270
Expenses$205,775,966
Net Income-$2,285,696

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$154$112$42.2$203$206$2.29
2023Detailed filing. Detailed filing data is available for this year.$143$98.4$44.5$206$212$6.13
2022Detailed filing. Detailed filing data is available for this year.$139$88.6$50.6$200$205$4.88
2021Detailed filing. Detailed filing data is available for this year.$150$94.6$55.5$198$170$27.7
2020Detailed filing. Detailed filing data is available for this year.$136$107$29.7$135$134$1.04
2019Detailed filing. Detailed filing data is available for this year.$123$92.7$30.4$171$177$5.67
2018Detailed filing. Detailed filing data is available for this year.$49.4$13.8$35.6$161$159$2.47
2017Detailed filing. Detailed filing data is available for this year.$47.0$13.8$33.2$155$161$5.08
2016Detailed filing. Detailed filing data is available for this year.$51.5$13.2$38.3$145$141$3.72
2015Detailed filing. Detailed filing data is available for this year.$47.2$12.7$34.5$143$140$2.91
2014Detailed filing. Detailed filing data is available for this year.$43.2$11.6$31.6$131$129$1.94
2013Detailed filing. Detailed filing data is available for this year.$40.4$10.7$29.7$127$126$1.16
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$36.4$7.87$28.5$109
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.7$6.02$23.7$87.7
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.3$4.93$17.4$71.7
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jun 23, 2025
Return Version
2024v5.2
Gross Receipts
$206,701,191
Mission and Program Overview

Mission

Goodwill Retail Services, Inc. ("Goodwill Retail") is a nonstock, not-for-profit Wisconsin corporation, whose sole member is goodwill industries of southeastern wisconsin, inc. ("Goodwill"), a wisconsin nonstock, not-for profit corporation with 501(c)(3) status. Goodwill retail shares the mission of its parent company, which is to provide training, employment, and supportive services for people with disabilities or disadvantages who seek greater independence. such disabilities or disadvantages include physical or intellectual disabilities, mental health issues, skill limitations, lack of education and job preparation, communication challenges, and other socio-economic disadvantages. Goodwill pursues its mission in two ways. the first is by employing people with disabilities and disadvantages within the organization's own operations. The second is by providing social services, community programs, vocational training, transitional employment, employment services, and supportive services

Connecting people to work. Preparing people for life.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$40,117,463$41,167,311▲ $1,049,848
Inventories for Sale or Use$11,491,255$11,732,851▲ $241,596
Savings and Temporary Cash Investments$11,517,691$7,168,589▼ $4,349,102
Accounts Receivable$1,700,839$1,682,364▼ $18,475
Prepaid Expenses and Deferred Charges$262,165$423,722▲ $161,557
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$142,911,043$154,085,956▲ $11,174,913
Other Assets Total$77,821,630$91,911,119▲ $14,089,489
Liabilities
Other Liabilities$86,685,706$100,834,282▲ $14,148,576
Accounts Payable and Accrued Expenses$11,747,017$11,056,182▼ $690,835
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$98,432,723$111,890,464▲ $13,457,741
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$44,478,320$42,195,492▼ $2,282,828
Total Net Assets Fund Balance$44,478,320$42,195,492▼ $2,282,828
Total Liabilities and Net Assets / Fund Balance$142,911,043$154,085,956▲ $11,174,913

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$23,922,210$40,661,544$64,583,754
Equipment$16,309,223$32,898,035$49,207,258
Other Land Buildings$935,878$2,618,519$3,554,397
Other Assets Org$91,911,119--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Scott DexterChief Retail OfficerFT$319,613$195,094$514,707
Dan MichaelVice PresidentFT$245,885$123,437$369,322
Jason BurnsVice PresidentFT$233,731$114,497$348,228
Shawn MccourtVice PresidentFT$196,412$128,208$324,620
James TiptonDirectorFT$139,931$63,299$203,230
Robert LichtfussDirectorFT$122,384$51,285$173,669

Board Members and Trustees

NameTitle
Thomas RichtmanChair
Jacqueline HallbergPresident & CEO
Robert KlugVice Chair
Jacqueline BowlesDirector
Basil BuchkoAsst. Secretary - Thru 12/24
Jeffrey DocalavichAsst. Treasurer
Thomas SavageSecretary
Timothy MattkeTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Ott Development LLCConstruction ServicesN27 W23588 PAUL RD STE 100, Pewaukee, WI 53072$6,146,298
Ryder Transportation Solutions LLCTrucking ServicesPO BOX 209022, Dallas, TX 75320$1,354,641
Federal Express CorpShipping For EcommercePO BOX 94515, Palatine, IL 60094-4515$1,020,211
Martin Peterson Co INCMechanical Contracting Services9800 55TH STREET, Kenosha, WI 53144$835,062
One Stop Mailing (dba Osm Worldwide)Shipping Services601 REGENCY DR, Glendale Heights, IL 60139$690,460
Revenue and Support

Revenue Composition

Contributions and Grants
$156,716,569
Program Service Revenue
$0
Investment Income
$16,527
Other Revenue
$46,757,174
All Other Contributions
$156,716,569
Change in Net Assets
$-2,285,696

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Clothing and Household Goods-$150,927,551Net Selling Price
Books and Publications-$4,308,065Net Selling Price
Other Non Cash Contri Table8,604,772$299,751Net Selling Price
Cars and Other Vehicles26$15,718Net Selling Price
Total Noncash Contributions8,604,798$155,551,085-

Audited Revenue Reconciliation

Revenue per Audited Statements
$203,490,270
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$3,201,421
Total Revenue per Audited Statements
$206,691,691
Total Revenue per Form 990
$203,490,270
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$98,257,790
Other Expenses$88,015,104
Grants and Similar Amounts Paid$19,503,072
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$82,495,042-$82,495,042
Occupancy-$28,340,732-$28,340,732
Grants to Domestic Orgs$19,497,840--$19,497,840
Fees for Services Other-$11,918,976-$11,918,976
Depreciation Depletion-$10,781,692-$10,781,692
Payroll Taxes-$6,396,149-$6,396,149
Other Employee Benefits-$6,012,284-$6,012,284
Office Expenses-$5,847,922-$5,847,922
Other Expenses-$4,539,263-$4,539,263
Pension Plan Contributions-$2,853,769-$2,853,769
Travel-$1,606,199-$1,606,199
Insurance-$839,592-$839,592
Current Officers, Directors, Trustees, and Key Employees-$500,546-$500,546
Information Technology-$472,682-$472,682
Fees for Services Legal-$97,500-$97,500
Conferences and Meetings-$71,535-$71,535
Advertising-$7,748-$7,748
Grants to Domestic Individuals$5,232--$5,232
Interest-$2,348-$2,348
Total Functional Expenses$19,503,072$186,272,894$0$205,775,966

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$208,974,519
Expenses per Audited Statements$205,775,966
Total Expenses per Form 990$205,775,966
Expenses Not Reported on Form 990$3,198,553
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Goodwill Industries of Southeastern Wisconsin IncMilwaukee, WI501(c)(3)Grant - See Form 990, Part Iii, Line 4a$19,497,840
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
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liability$98,258,134
Due to Affiliated Goodwills$2,576,149
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Members or stockholders goodwill is the sole corporate member of goodwill retail.

Form 990, Part VI, Section A, Line 7A

Members or stockholders who may elect governing body goodwill is the sole corporate member and in this capacity elects the board of directors of goodwill retail.

Form 990, Part VI, Section A, Line 7B

Members or stockholders who may approve decisions goodwill is the sole corporate member and in this capacity approves the actions of goodwill retail.

Form 990, Part VI, Section B, Line 11B

Form 990 review an independent accounting firm prepared the irs form 990 and related schedules. The organization's finance team reviewed the completed form. Members of the audit, risk and compliance committee of the board of directors reviewed the form at its june 11, 2025 committee meeting. In addition, members of the full board were provided with an electronic copy of the form prior to filing of the form 990.

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

Written conflict of interest policy goodwill industries of southeastern wisconsin, inc. And affiliates ("goodwill") maintains a conflict of interest policy ("policy"). The purpose of the policy is to protect goodwill's interests when contemplating entering into a transaction or arrangement that might benefit the financial interest of an interested person such as an officer, director, or key employee of goodwill. An interested person must disclose the existence of his or her financial interest and all material facts related to the proposed transaction or arrangement. After such disclosure, he or she shall recuse himself or herself during the discussion of, and the vote on, the proposed transaction, whether the transaction reflects fair market value, has no bearing on the relationship, and is in the best interest of the organization.

Form 990, Part VI, Section B, Line 15

Compensation determination goodwill industries of southeastern wisconsin, inc. And affiliates' ("goodwill") compensation package includes a salary, defined contribution plan and health and welfare benefits. Goodwill engaged an independent firm to assess reasonableness of its compensation package for top management positions. The firm assessed compensation using survey data representing similar positions based on industry, revenue, number of employees and other peer group data. The report was reviewed by the human resources and compensation committee ("committee") of the board of directors and compensation for goodwill's top management positions was approved by a committee vote november 6, 2024.

Form 990, Part VI, Section C, Line 18

Public availability goodwill industries of southeastern wisconsin, inc. And affiliates ("goodwill") posts its governing documents, annual report, financial statements and forms 990 to its website. Goodwill also makes this information, and other required disclosures, available upon request.

Form 990, Part VI, Section C, Line 19

Refer to narrative listed for line 18.

PART VII:

Compensation from a related organization goodwill retail does not directly compensate all of its officers, including those who serve in back office roles like finance and accounting. The filing organization relies on its parent organization, goodwill industries of southeastern wisconsin, inc., to facilitate it's compensation. The compensation listed on form 990, part vii is the total compensation paid by the parent organization to manage the parent organization and its related organizations, including goodwill retail.

Filing and Contact Details

Filer

Filer Name
Goodwill Retail Services Inc
EIN
39-2040239
Phone
4148474200
Address
6055 N 91ST STREET, MILWAUKEE, WI 53225

Signing Officer

Name
Jeffrey Docalavich
Title
CFO
Phone
4148474200
Signed
2025-06-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeffrey Docalavich
Formed
2001
Legal Domicile
Wi
Voting Board Members
5
Independent Board Members
5
Employees
7,073
Volunteers
6

Preparer

Firm
Grant Thornton Advisors LLC
Address
171 N CLARK ST STE 200, CHICAGO, IL 60601
Preparer
Bridget Roche
Phone
3128560200
Supplemental Narrative

Additional Explanations

FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION:

501(c)(3) status. Goodwill retail shares the mission of its parent company, which is: connecting people to work. Preparing people for life. Goodwill is dedicated to creating collective community impact through its purpose-driven partnerships, businesses and community action. Goodwill is focused on strengthening communities, eliminating barriers to opportunity, helping people connect to valuable employment and resources, and contributing to a more sustainable environment. Goodwill pursues its mission by helping people build job and life skills to shape a resilient workforce, providing pathways for youth and removing barriers for our communities. Anchored in workforce development, goodwill provides job and placement support, access to resources that help navigate employment challenges and preparation for the workplace to maintain employment. Goodwill addresses barriers by providing community resources for barriers such as dependent care, transportation, unemployment, education, poverty, language, disability, housing, skills gaps, re-entry and age. As part of building a pipeline for the local workforce, goodwill is also helping teens and young adults. By providing programs and services for career exploration and job readiness training, more teens and young adults can sustain employment and identify career advancement opportunities. Community-based support is provided to remove barriers and build independence for individuals by supporting health, independence and economic stability for more sustainable and independent lives. Beginning with its first workshop in a milwaukee church basement, where donations were sorted and prepared for sale in a small store nearby, goodwill has offered what its founder described as "a chance, not charity" to people with barriers. To fulfill its primary purposes of employment and self-sufficiency for people with disabilities or disadvantages, goodwill takes an entrepreneurial approach. Over the years, goodwill has pursued a variety of enterprises to help prepare individuals for employment and place them in jobs both in the community and within goodwill's own operations. Goodwill operates store and donation centers, outlets, and ecommerce; provides food service support and other service activities for the united states navy; and delivers a wide variety of social services, including vocational training, employment services, supported employment, and adult day services. For more than 105 years, goodwill has operated store and donation centers to support its charitable mission. The store and donation centers sell donated items that generate revenue to provide job training and employment and to remove barriers for sustainable employment. The store and donation centers sell previously-owned donated goods like clothing and household items. Goodwill sells items through multiple channels, to extend the life of donations by reaching consumers based on their shopping preferences. Donations that are eligible for resale go through multiple retail channels including our store and donation centers or online. Once items have gone through these resale channels, they continue through a circular process by being sent to our outlet stores, giving donations another opportunity to find a new home. As part of its strategy to operate businesses to fund its mission, goodwill operates more than 70 store and donation centers, three outlets, and an ecommerce operation. With locations throughout its territory, goodwill is able to promote to shoppers and donors and provide its mission to more people, in more communities. In 2024, we were able to: - leverage donations for maximum impact and to impact more than 110,000 lives - reduce waste and keeping over 136 million pounds of waste out of landfills - provide resources for shoppers and donors to repurpose and recycle clothing, household items and other donated goods both in-store and online

FORM 990, PART III, LINE 4A, PROGRAM SERVICE ACCOMPLISHMENTS:

About the retail services business and receive job training in addition to training on topics such as goodwill's mission, customer service, and safety. Goodwill store & donation centers provide a convenient place for people to donate previously-owned goods. During 2024, goodwill retail recorded over 3 million donor transactions of household items from individuals in the communities served. Those donated items are processed by goodwill retail employees and sold to the public at affordable prices in goodwill stores. In keeping with goodwill's re-use and repurpose philosophy, goodwill retail makes an effort to maximize the usefulness of every item donated. Goodwill retail operates outlet stores, which sell unsold items from store and donation centers, giving them one last chance for the public to purchase. Goodwill sells items through multiple channels, to extend the life of donations by reaching consumers based on their shopping preferences. Donations that are eligible for resale go through multiple retail channels including our store and donation centers or online. Once items have gone through these resale channels, they continue through a circular process by being sent to our outlet stores, giving donations another opportunity to find a new home. In 2024, goodwill diverted nearly 140 million pounds of material from landfills. Goodwill retail actively participates in public assistance programs with various governmental and other not-for-profit organizations to distribute donated goods to persons in need. Through the goodwill cares program, at every goodwill store & donation center in greater milwaukee and chicago, people in need can exchange vouchers for useful merchandise at no cost. In 2024, goodwill retail partnered with local human service agencies to provide work opportunities for individuals with disabilities. Goodwill retail demonstrates its commitment to training and support for employee development by providing forklift training to employees and a career path program. The career path program has a defined and focused career development track that offers employees the chance to learn, grow, and advance as retail leaders. Goodwill retail also provides workforce development and training opportunities as well as supportive services to its employees, to help them navigate barriers to their success and connect them with available community resources. Goodwill's employee empowerment network (een) helps goodwill employees eliminate barriers to successful employment via services such as goal setting, professional life coaching, other resources, and referrals to financial education, emergency housing, transportation, and assistance navigating benefits. In 2024, goodwill offered een support to all retail employees and successfully provided support to 480 employees. Form 990, part v, line 2a: number of employees on form w-3 the number of employees on form w-3 is the total employee count for the filing organization. While goodwill is the common paymaster for goodwill retail, the number of employees only includes the employee count for goodwill retail.

FORM 990, PART XI, LINE 9:

ASSET RECOVERY 2,868.

Financial Statement Notes

PART X, LINE 2:

Liability for accounting for uncertainty in income taxes goodwill industries of southeastern wisconsin, inc., goodwill industries of metropolitan chicago, inc., goodwill retail services, inc. And goodwill manufacturing, inc. Have received determination letters from the internal revenue service ("irs") indicating that they are exempt from federal income taxes, except for taxes pertaining to unrelated business income under section 501(c)(3) of the internal revenue code. Goodwill talentbridge, llc has been organized as a limited liability company and, accordingly, is not subject to federal or state income taxes. All income tax attributes of the entity are passed through to its sole member, goodwill industries of southeastern wisconsin, inc. The entity is included in the consolidated information return filed by goodwill industries of southeastern wisconsin, inc. The fasb issued guidance related to the uncertainty of income tax positions, which clarifies the accounting for uncertainty in income taxes recognized in an organization's financial statements and requires additional disclosure. Goodwill recognizes the financial statement benefit of a tax position only after determining that the relevant tax authority would more likely than not sustain the position following an audit. For tax positions meeting the more-likely-than-not threshold, the amount recognized in the financial statements is the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the relevant tax authority. As of december 31, 2024, and 2023, goodwill does not believe there is any uncertainty with respect to its tax positions. Goodwill files information returns in the u.s. Federal and the states of wisconsin and illinois jurisdictions. Tax years open under the federal statute of limitations include 2021 through 2024. Tax years open under the state of wisconsin and state of illinois statutes include 2021 through 2024. Goodwill had not historically filed any unrelated business income tax ("ubit") returns but filed in 2018 for federal and the states of wisconsin and illinois jurisdictions. Due to tax reform legislation, the federal and illinois ubit returns have been amended to obtain refunds of income tax payments made on ubit repealed by legislation. The organization filed ubit returns for 2019 and 2020 for wisconsin; however, wisconsin has since repealed similar to federal. Tax years remain open for years in which a ubit return has not been filed.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Cost of goods sold included on revenue statement 3,198,553. Asset recovery 2,868.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Cost of goods sold included on revenue statement 3,198,553.

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IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0OTT DEVELOPMENT LLC
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1RYDER TRANSPORTATION SOLUTIONS LLC
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt2FEDERAL EXPRESS CORP
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IRS990/MissionDesc0GOODWILL RETAIL SERVICES, INC. ("GOODWILL RETAIL") IS A NONSTOCK, NOT-FOR-PROFIT WISCONSIN CORPORATION, WHOSE SOLE MEMBER IS GOODWILL INDUSTRIES OF SOUTHEASTERN WISCONSIN, INC. ("GOODWILL"), A WISCONSIN NONSTOCK, NOT-FOR-PROFIT CORPORATION WITH (CONTINUED ON SCHEDULE O)
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