Goodwill Industries Inc.

“The Bylaws of Goodwill Industries, Inc. were amended July 14, 2015. Significant changes included reducing the maximum number of board members from 50 down to 35; and adding verbiage that "the President has the authority to appoint officers and executive staff as the business of the Corporation may require from time to time".”

“Form 990 is prepared internally based on the audited financial statements of the organization. Once completed, the draft of the 990 is submitted to an independent CPA firm for review and comments. After addressing the comments by the CPA firm, the 990 is sent to the board of trustees prior to filing for their review.”

“A signed conflict of interest statement is obtained from each officer, member of the board of trustees, and key employees of the organization at least annually. Each statement documents direct business relationships, family business relationships, and inter and intra family and business relationships. For any official action of the board or its committees, individuals with whom a conflict may be construed, are precluded from voting. The Conflict of Interest Statements are maintained in the corporate files.”

“Goodwill has a formal compensation policy and the Executive Committee serves as the Compensation Committee for the organization. Executive compensation is set annually and monitored by the local Goodwill Board of Trustees, which utilizes outside independent professional resources in determining appropriate salary levels. Goodwill participates in local, regional, and national executive compensation salary and benefit surveys. This survey data is utilized by the Board as a framework to ensure competitive compensation in order to retain high performing employees, including the CEO. In addition to survey results, compensation is based on agency performance as well as individual performance.”

“The Annual report is published each year which includes the audited financial statements for the organization. This report is mailed to all major donors, referral agencies, and other interested parties. The report is also available online on at www.goodwillomaha.org. Hard copies of the report, Goodwill's governing documents, and conflict of interest policy are available upon request.”

“In February 2015 a new program called ReStart was initiated. This program creates meaningful employment opportunities for Omaha's re-entry population. ReStart provides paid transitional employment, support and training, peer mentoring discussion groups, and follow-up services. The population served consists of former NE state inmates or felony probationers released from prison within the last 18 months.”

“During 2015, Goodwill management, along with a new audit firm, determined they had not properly measured or reported the fair value of goods and materials contributed for resale and accordingly changed their methodology for calculating contributed inventory. The 2014 financial statements have not been restated. An adjustment was made to beginning net assets to reflect the corrected balance of contributed inventory and unrestricted net assets from the prior period.”