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 company 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 required 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 manager 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.”

“The 990 is prepared based on the audited financial statements of the organization. The completed 990 is provided to the audit committee of the board of trustees, and to an independent cpa firm who reviews and approves the document and then approval is given for online filing. The 990 return is also sent to the board of trustees to provide them an opportunity for inquiry. The audit committee chairman reports its activities and results to the board of trustees at its next meeting and this report is included in the meeting minutes.”

“A signed conflict of interest statement is obtained from each officer, member of the board of trustees, and key employees of the organization. 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 it's committees, any individuals with whom a conflict may be construed, are precluded from voting.”

“Goodwill speciality services inc. Does not have any employees, however, the executive committee of the board of trustees appoints an executive compensation committee to review and evaluate the compensation of the president and ceo as well as the executive vice president, chief operating officer, chief financial officer, and 3 vice presidents. Since 2006, the compensation committee has retained a professional compensation, benefits, and human resources consulting firm to assess the reasonableness and competitiveness of total cash compensation. Comparability data is assembled from a variety of sources, including regional irs form 990 data, goodwill industries international survey data, national not-for-profit published survey data, and the national for-profit published survey data. Based on the results of the assessment study, the compensation committee recommends to the board of trustees a compensation level for the president. This level is approved in the executive session of the board of trustees at its annual meeting in january each year. The president communicates the compensation for the coo, cfo, and vice president levels to the compensation committee annually.”

“An annual report is published each year which includes the audited financial statements. This report is mailed to all major donors, referral agencies, and other interested parties. The report is also available online on our goodwill website. Hard copies of the report, goodwills governing documents and conflict of interest policy are all available upon request.”

“VA Laundry”