Goodwill Industries Inc.

“The Bylaws of the Organization were amended on June 20, 2017 and include the following changes: The Board of Trustees shall consist of not less than three members, and not more than twenty members, as shall be determined from time to time by the Board. Previously, these numbers were fifteen and thirty-five respectively. A quorum of the Board of Trustees shall consist of the greater of the following, as the case may be: (a) a majority of the total number of Trustees in office immediately before a meeting begins; or (b) two Trustees. Previously this was ten Trustees.”

“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 and approval.”

“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 2017, Goodwill opened two new Work Experience locations. The Council Bluffs Planet Fitness and the Omaha Planet Fitness opened in August 2017. The Work Experience program offers students, who are nearing the completion of their high school education, an opportunity to gain exposure to a work situation in a supportive environment. Students are assigned jobs at their worksites, and their progress is monitored throughout the school year. Students are referred to Work Experience by their school districts and have the opportunity to work a variety of jobs at their work locations organization.”