Civic Intelligence

Hagerstown Goodwill Industries Inc.

990 • Fiscal year 2015 • EIN 52-0660403

Jan 01, 2015 to Dec 31, 2015 • Filed on Jun 27, 2016

14515 Pennsylvania AvenueHagerstown, MD 21742-1670

(301) 733-7330

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

46th percentile

0.20x

Higher debt load relative to assets than 46% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

31st percentile

0.12x

Higher debt load relative to revenue than 31% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Net Margin

52nd percentile

3.5%

Higher net margin than 52% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

31st percentile

$124,893

Higher top officer pay than 31% of similar nonprofits.

Top officer pay equals 0.7% of source-year revenue.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Asset Growth

49th percentile

1.0%

Faster asset growth than 49% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

56th percentile

5.8%

Faster revenue growth than 56% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Assets

Up

$11,277,849

Up $111,786 (+1.0%) from 2014

Net Assets

Up

$9,061,026

Up $679,680 (+8.1%) from 2014

Liabilities

Down

$2,216,823

Down $567,894 (-20%) from 2014

Revenue

Up

$19,172,218

Up $1,054,359 (+5.8%) from 2014

Expenses

Up

$18,492,291

Up $726,514 (+4.1%) from 2014

Net Income

Up

$679,927

Up $327,845 (+93%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$15M$10M$5.0M$0Assets 2011: $10,196,933Liabilities 2011: $3,368,414Net Assets 2011: $6,828,5192011Assets 2012: $10,822,647Liabilities 2012: $3,167,115Net Assets 2012: $7,655,5322012Assets 2013: $11,016,640Liabilities 2013: $2,988,786Net Assets 2013: $8,027,8542013Assets 2014: $11,166,063Liabilities 2014: $2,784,717Net Assets 2014: $8,381,3462014Assets 2015: $11,277,849Liabilities 2015: $2,216,823Net Assets 2015: $9,061,0262015Assets 2016: $11,713,724Liabilities 2016: $2,548,542Net Assets 2016: $9,165,1822016Assets 2017: $11,577,538Liabilities 2017: $3,264,476Net Assets 2017: $8,313,0622017Assets 2018: $10,797,266Liabilities 2018: $3,465,947Net Assets 2018: $7,331,3192018Assets 2019: $10,590,197Liabilities 2019: $3,067,925Net Assets 2019: $7,522,2722019Assets 2020: $19,034,598Liabilities 2020: $11,851,100Net Assets 2020: $7,183,4982020Assets 2021: $19,941,303Liabilities 2021: $11,292,463Net Assets 2021: $8,648,8402021Assets 2022: $19,481,724Liabilities 2022: $11,485,461Net Assets 2022: $7,996,2632022Assets 2023: $19,486,819Liabilities 2023: $12,924,446Net Assets 2023: $6,562,3732023Assets 2024: $19,758,708Liabilities 2024: $11,971,125Net Assets 2024: $7,787,5832024

Highlighted filing

2015

Assets$11,277,849
Liabilities$2,216,823
Net Assets$9,061,026

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$30M$20M$10M$0-$10MExpenses 2011: $15,583,4152011Expenses 2012: $15,510,5182012Revenue 2013: $16,987,944Expenses 2013: $16,618,052Net Income 2013: $369,8922013Revenue 2014: $18,117,859Expenses 2014: $17,765,777Net Income 2014: $352,0822014Revenue 2015: $19,172,218Expenses 2015: $18,492,291Net Income 2015: $679,9272015Revenue 2016: $19,501,243Expenses 2016: $19,421,573Net Income 2016: $79,6702016Revenue 2017: $20,716,487Expenses 2017: $21,692,871Net Income 2017: -$976,3842017Revenue 2018: $21,502,688Expenses 2018: $22,325,713Net Income 2018: -$823,0252018Revenue 2019: $13,041,480Expenses 2019: $13,045,834Net Income 2019: -$4,3542019Revenue 2020: $11,159,365Expenses 2020: $11,615,877Net Income 2020: -$456,5122020Revenue 2021: $13,438,642Expenses 2021: $11,885,116Net Income 2021: $1,553,5262021Revenue 2022: $11,285,110Expenses 2022: $11,699,930Net Income 2022: -$414,8202022Revenue 2023: $11,227,885Expenses 2023: $12,828,952Net Income 2023: -$1,601,0672023Revenue 2024: $14,584,952Expenses 2024: $13,221,728Net Income 2024: $1,363,2242024

Highlighted filing

2015

Revenue$19,172,218
Expenses$18,492,291
Net Income$679,927
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Jun 27, 2016
Return Version
2015v2.1
Gross Receipts
$19,190,677
Mission and Program Overview

Mission

Horizon goodwill industries helps individuals realize and achieve their fullest potential through the dignity and power of work. With operations, programs, and services in 17 counties across maryland, pennsylvania, virginia, west virginia, we focus on human development that expands the richness of human life and that is centered on people, their opportunities and choices. In the last year, 7,467 individuals benefited from horizon goodwill's mission of "removing barriers and creating opportunities", improving their job skills, employability, education and economic self- sufficiency.

Horizon goodwill industries helps individuals realize and achieve their fullest potential through the dignity and power of work. With operations, programs, and services in 17 counties across maryland, pennsylvania, virginia, and west virginia. We focus on human development that expands the richness of human life and that is centered on people, their opportunities and choices. In the last year, over 5,587 individuals benefited from horizon goodwill's mission of "removing barriers and creating opportunities", improving their job skills, employability, education and economic self-sufficiency.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,588,023$5,450,864▼ $137,159
Savings and Temporary Cash Investments$2,924,674$2,390,830▼ $533,844
Cash and Non-Interest-Bearing Accounts$1,837,008$2,190,796▲ $353,788
Accounts Receivable$680,036$1,019,719▲ $339,683
Inventories for Sale or Use$67,737$102,140▲ $34,403
Prepaid Expenses and Deferred Charges$36,509$73,183▲ $36,674
Investments in Publicly Traded Securities$15,366$15,119▼ $247
Total Assets$11,166,063$11,277,849▲ $111,786
Other Assets Total$16,710$35,198▲ $18,488
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,530,761$1,219,944▼ $310,817
Accounts Payable and Accrued Expenses$1,119,814$896,175▼ $223,639
Deferred Revenue$134,142$100,704▼ $33,438
Total Liabilities$2,784,717$2,216,823▼ $567,894
Net Assets / Fund Balance
Unrestricted Net Assets$8,147,683$8,826,809▲ $679,126
Temporarily Rstr Net Assets$233,663$234,217▲ $554
Total Net Assets Fund Balance$8,381,346$9,061,026▲ $679,680
Total Liabilities and Net Assets / Fund Balance$11,166,063$11,277,849▲ $111,786

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,898,738$2,483,813$6,382,551
Equipment$351,713$2,054,331$2,406,044
Land$919,893-$919,893
Other Land Buildings$69,718$426,826$496,544
Leasehold Improvements$210,802$271,436$482,238
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Amy K MurrayDirector ofFT$110,285$14,608$124,893
Craig M MacleanExecutive DiFT$79,831$12,476$92,307
John MccainExecutive DiFT$85,865$1,774$87,639

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,502,192
Program Service Revenue
$17,666,452
Investment Income
$3,791
Other Revenue
$-217
All Other Contributions
$32,295
Change in Net Assets
$679,927

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeReported AmountValuation Method
Clothing and Household Goods$10,973,491Resale Value
Total Noncash Contributions$10,973,491-

Audited Revenue Reconciliation

Revenue per Audited Statements
$19,172,218
Revenue Not Reported on Form 990
$18,212
Total Revenue per Audited Statements
$19,190,430
Total Revenue per Form 990
$19,172,218
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$12,301,471
Other Expenses$6,190,820
Total Fundraising Expense$94,895
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$8,892,470$25,801-$8,918,271
Occupancy$3,030,358$30,730-$3,061,088
Other Employee Benefits$1,959,157$20,896-$1,980,053
Office Expenses$1,156,967$218,240$14,404$1,389,611
Payroll Taxes$974,768$15,137-$989,905
Travel$474,790$30,753-$505,543
Depreciation Depletion$332,355$54,801-$387,156
Current Officers, Directors, Trustees, and Key Employees$175,502$128,294-$303,796
Fees for Services Other$108,215$126,378-$234,593
Information Technology$67,248$77,837-$145,085
Payments to Affiliates$13,927$122,134-$136,061
Advertising$21,189$35,631$78,822$135,642
Pension Plan Contributions$107,784$1,662-$109,446
Fees for Services Accounting$29,517$34,472-$63,989
Conferences and Meetings$8,444$35,866-$44,310
Other Expenses$449$754$1,669$2,872
Fees for Services Legal$1,281$1,497-$2,778
Total Functional Expenses$17,404,366$993,030$94,895$18,492,291

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$18,510,750
Expenses per Audited Statements$18,492,291
Total Expenses per Form 990$18,492,291
Expenses Not Reported on Form 990$18,459
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$9,276
Fundraising Gross Income$6,550
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Mike zampelli william swartz chairman director father-in-law

Form 990, Page 6, Part VI, Line 11B

Once the organization receives the completed 990, the director of accounting and finance reviews the financial portion of the 990. She then forwards the 990 to the finance committee who reviews all aspects and approves. The entire governing board receives a copy before mailing, and reviews the document at its next meeting.

Form 990, Page 6, Part VI, Line 12C

Each board member completes the statement annually and they are read by the assistant to the executive director and the executive director. Any statement made regarding a conflict is then reviewed and considered individually, and all attempts are made to avoid any possible conflicts of interest in the meetings and conducting of business relationships.

Form 990, Page 6, Part VI, Line 15A

The executive review committee solicits information regarding comparable salaries among goodwill executives, and also compares executive salaries of community agencies of comparable size, in the process of setting annual salary for the executive director. The committee works to reward the director on merit basis; no cola is considered.

Form 990, Page 6, Part VI, Line 15B

Division directors are supervised by the executive director/ceo and are given merit increases when warranted. The executive director considers comparable goodwill salaries based on size of the agency and level of responsibility of each staff member in those director level positions.

Form 990, Page 6, Part VI, Line 19

The organization will provide copies of its governing documents, and conflict of interest policy to individuals who request them. The organization plans to post audited financials on the website, but has not yet done so.

Filing and Contact Details

Filer

Filer Name
Hagerstown Goodwill Industries Inc
EIN
52-0660403
Phone
3017337330
Address
14515 PENNSYLVANIA AVENUE, HAGERSTOWN, MD 21742-1670
Doing Business As
Horizon Goodwill Industries

Signing Officer

Name
John Mccain
Title
Executive Director / CEO
Phone
3017337330
Signed
2016-06-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Mccain
Formed
1955
Legal Domicile
Md
Voting Board Members
30
Independent Board Members
30
Employees
1,117
Volunteers
188

Preparer

Firm
Smith Elliott Kearns & Company LLC
Address
480 N POTOMAC ST, HAGERSTOWN, MD 21740
Preparer
Michael P Manspeaker CPA
Phone
3017335020
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Horizon goodwill industries helps individuals realize and achieve their fullest potential through the dignity and power of work. With operations, programs, and services in 17 counties across maryland, pennsylvania, virginia, and west virginia. We focus on human development that expands the richness of human life and that is centered on people, their opportunities and choices. In the last year, over 5,587 individuals benefited from horizon goodwill's mission of "removing barriers and creating opportunities", improving their job skills, employability, education and economic self-sufficiency.

Form 990, Page 2, Part III, Line 4A

Business services employed 364 people in 2015. Wages paid to individuals with disabilities and barriers totaled 2.6 million last year.

Form 990, Page 2, Part III, Line 4B

Work and earnings history, develop job and life skills, and enhance their financial, social and educational circumstances. Horizon goodwill serves individuals with barriers to employment such as criminal background, lack of transportation or child care, chemical dependency, veterans without civilian work experience, and emotional, cognitive and/or physical disabilities. In 2015, horizon goodwill placed 269 individuals in jobs with 206 employers across 4 states with an average starting wage over 10.00 per hour.

Form 990, Page 2, Part III, Line 4C

Fund a large portion of hgi's mission related job training and employment services and its general and administrative expenses.

Form 990, Page 2, Part III, Line 4D

1. Contributed goods production - donated goods are collected and processed giving clients, with disabilities and disadvantaging conditions, an opportunity to learn job skills, discipline and develop self-confidence. The goods are sold in the organizations retail stores.

Form 990, Part XI, Line 9

Rental expenses not treated as reduction of revenue 9,183 fundraising direct expenses 9,276 rental expenses not treated as reduction of revenue -9,183 fundraising direct expenses -9,276

Financial Statement Notes

Schedule D, Page 3, Part X

The organization follows the fasb accounting standards codification, which provides guidance on accounting for uncertainty in income taxes recognized in an enterprise's financial statements. The organizaiton's policy is to charge penalties and interest to income tax expense as incurred. The organizaiton's federal and state income tax returns are subject to examination by the internal revenue service and state tax authorities, generally for a perid of three years after the returns are filed.

Schedule D, Page 4, Part XI, Line 2D

Rental expenses not treated as reduction of revenue 9,183 fundraising direct expenses 9,276

Schedule D, Page 4, Part XII, Line 2D

Rental expenses not treated as reduction of revenue 9,183 fundraising direct expenses 9,276

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IRS990/ActivityOrMissionDesc0HORIZON GOODWILL INDUSTRIES HELPS INDIVIDUALS REALIZE AND ACHIEVE THEIR FULLEST POTENTIAL THROUGH THE DIGNITY AND POWER OF WORK. WITH OPERATIONS, PROGRAMS, AND SERVICES IN 17 COUNTIES ACROSS MARYLAND, PENNSYLVANIA, VIRGINIA, AND WEST VIRGINIA. WE FOCUS ON HUMAN DEVELOPMENT THAT EXPANDS THE RICHNESS OF HUMAN LIFE AND THAT IS CENTERED ON PEOPLE, THEIR OPPORTUNITIES AND CHOICES. IN THE LAST YEAR, OVER 5,587 INDIVIDUALS BENEFITED FROM HORIZON GOODWILL'S MISSION OF "REMOVING BARRIERS AND CREATING OPPORTUNITIES", IMPROVING THEIR JOB SKILLS, EMPLOYABILITY, EDUCATION AND ECONOMIC SELF-SUFFICIENCY.
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IRS990/Form990PartVIISectionAGrp/TitleTxt2CHAIRMAN
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IRS990/Form990PartVIISectionAGrp/TitleTxt30DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt31DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt32DIRECTOR OF
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IRS990/MissionDesc0HORIZON GOODWILL INDUSTRIES HELPS INDIVIDUALS REALIZE AND ACHIEVE THEIR FULLEST POTENTIAL THROUGH THE DIGNITY AND POWER OF WORK. WITH OPERATIONS, PROGRAMS, AND SERVICES IN 17 COUNTIES ACROSS MARYLAND, PENNSYLVANIA, VIRGINIA, AND WEST VIRGINIA. WE FOCUS ON HUMAN DEVELOPMENT THAT EXPANDS THE RICHNESS OF HUMAN LIFE AND THAT IS CENTERED ON PEOPLE, THEIR OPPORTUNITIES AND CHOICES. IN THE LAST YEAR, OVER 5,587 INDIVIDUALS BENEFITED FROM HORIZON GOODWILL'S MISSION OF "REMOVING BARRIERS AND CREATING OPPORTUNITIES", IMPROVING THEIR JOB SKILLS, EMPLOYABILITY, EDUCATION AND ECONOMIC SELF-SUFFICIENCY.
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.8$12.0$7.79$14.6$13.2$1.36
2023Detailed filing. Detailed filing data is available for this year.$19.5$12.9$6.56$11.2$12.8$1.60
2022Detailed filing. Detailed filing data is available for this year.$19.5$11.5$8.00$11.3$11.7$0.41
2021Detailed filing. Detailed filing data is available for this year.$19.9$11.3$8.65$13.4$11.9$1.55
2020Detailed filing. Detailed filing data is available for this year.$19.0$11.9$7.18$11.2$11.6$0.46
2019Detailed filing. Detailed filing data is available for this year.$10.6$3.07$7.52$13.0$13.0$0.00
2018Detailed filing. Detailed filing data is available for this year.$10.8$3.47$7.33$21.5$22.3$0.82
2017Detailed filing. Detailed filing data is available for this year.$11.6$3.26$8.31$20.7$21.7$0.98
2016Detailed filing. Detailed filing data is available for this year.$11.7$2.55$9.17$19.5$19.4$0.08
2015Detailed filing. Detailed filing data is available for this year.$11.3$2.22$9.06$19.2$18.5$0.68
2014Detailed filing. Detailed filing data is available for this year.$11.2$2.78$8.38$18.1$17.8$0.35
2013Detailed filing. Detailed filing data is available for this year.$11.0$2.99$8.03$17.0$16.6$0.37
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.8$3.17$7.66$15.5
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.2$3.37$6.83$15.6