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 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 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, 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 Specialty Services, Inc. does not have employees, but instead, leases them from a related organization, Goodwill Industries, Inc. 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 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.”