Goodwill Specialty Services Inc

“Gssi has entered into a management and administrative services contract with goodwill industries, inc. (gwi) in which gwi will be responsible for management of the operations of the organization including but not limited to administrative and managerial support, accounting and financial planning, management of corporate funds, personnel services, vocational training and education, clerical support and all other services and support requirements to operate the company efficiently and in accordance with all federal, state and board stipulated laws, regulations and procedures. In consideration of these services to be performed, the company agrees to pay a management fee equivalent to all excess revenue, after meeting operating expenses of the company.”

“Goodwill specialty services, inc. Has one member which shall be goodwill industries, inc.”

“Form 990 is prepared based on the audited financial statements of the organization.”

“A signed conflict of interest statement is obtained from each officer and member of the board of the organization. This report is mailed to all major donors, referral agencies and other interested parties. The report is also available online for 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 specialty services, inc. Does not have employees, but instead, leases them from a related organization, goodwill industries, inc. 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 with the audited financial statements for the organization. This report is emailed to all major donors, referral agencies, and other interested parties. The report is also available online at www.goodwillomaha.org. Hard copies of the report, goodwill's governing documents and conflict of interest policy are availbale upon request.”

“The process has not changed from the prior year.”