Civic Intelligence

Goodwill of Central and Coastal

EIN 54-0455395 • 501(c)3 • Richmond, VA

Profile

Goodwill of central and coastal virginia's mission is to change lives...helping people help themselves through the power of work. (see schedule o for continuation)...

6301 Midlothian TurnpikeRichmond, VA 23225

www.goodwillvirginia.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

41st percentile

0.19x

Higher debt load relative to assets than 41% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

44th percentile

0.34x

Higher debt load relative to revenue than 44% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Net Margin

49th percentile

4.2%

Higher net margin than 49% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

42nd percentile

$420,721

Higher top officer pay than 42% of similar nonprofits.

Top officer pay equals 0.6% of source-year revenue.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Asset Growth

40th percentile

3.6%

Faster asset growth than 40% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

29th percentile

1.0%

Faster revenue growth than 29% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Assets

Up

$116,913,307

Up $4,042,488 (+3.6%) from 2023

Liabilities

Up

$22,676,882

Up $433,176 (+1.9%) from 2023

Net Assets

Up

$94,236,425

Up $3,609,312 (+4.0%) from 2023

Revenue

Up

$67,197,242

Up $695,559 (+1.0%) from 2023

Expenses

Up

$64,393,442

Up $1,139,899 (+1.8%) from 2023

Net Income

Down

$2,803,800

Down $444,340 (-14%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150M$100M$50M$0Assets 2010: $29,082,386Liabilities 2010: $11,050,400Net Assets 2010: $18,031,9862010Assets 2011: $36,714,048Liabilities 2011: $14,791,240Net Assets 2011: $21,922,8082011Assets 2012: $51,125,170Liabilities 2012: $24,948,271Net Assets 2012: $26,176,8992012Assets 2013: $57,007,434Liabilities 2013: $27,114,866Net Assets 2013: $29,892,5682013Assets 2014: $67,549,956Liabilities 2014: $32,704,023Net Assets 2014: $34,845,9332014Assets 2015: $76,129,039Liabilities 2015: $34,689,621Net Assets 2015: $41,439,4182015Assets 2016: $78,963,871Liabilities 2016: $33,802,515Net Assets 2016: $45,161,3562016Assets 2017: $84,799,233Liabilities 2017: $34,487,906Net Assets 2017: $50,311,3272017Assets 2018: $89,007,038Liabilities 2018: $33,962,741Net Assets 2018: $55,044,2972018Assets 2019: $93,533,805Liabilities 2019: $31,955,892Net Assets 2019: $61,577,9132019Assets 2020: $100,077,271Liabilities 2020: $31,676,939Net Assets 2020: $68,400,3322020Assets 2021: $105,082,511Liabilities 2021: $26,177,001Net Assets 2021: $78,905,5102021Assets 2022: $132,658,441Liabilities 2022: $46,263,309Net Assets 2022: $86,395,1322022Assets 2023: $112,870,819Liabilities 2023: $22,243,706Net Assets 2023: $90,627,1132023Assets 2024: $116,913,307Liabilities 2024: $22,676,882Net Assets 2024: $94,236,4252024

Highlighted filing

2024

Assets$116,913,307
Liabilities$22,676,882
Net Assets$94,236,425

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$80M$60M$40M$20M$0Expenses 2010: $29,735,3112010Expenses 2011: $32,574,9222011Expenses 2012: $40,757,9002012Revenue 2013: $51,621,345Expenses 2013: $47,755,418Net Income 2013: $3,865,9272013Revenue 2014: $52,276,959Expenses 2014: $46,784,116Net Income 2014: $5,492,8432014Revenue 2015: $53,923,566Expenses 2015: $47,102,627Net Income 2015: $6,820,9392015Revenue 2016: $51,239,034Expenses 2016: $47,639,955Net Income 2016: $3,599,0792016Revenue 2017: $54,052,520Expenses 2017: $49,393,282Net Income 2017: $4,659,2382017Revenue 2018: $56,516,407Expenses 2018: $51,680,082Net Income 2018: $4,836,3252018Revenue 2019: $58,284,670Expenses 2019: $52,235,316Net Income 2019: $6,049,3542019Revenue 2020: $54,472,471Expenses 2020: $47,855,220Net Income 2020: $6,617,2512020Revenue 2021: $64,066,078Expenses 2021: $54,700,151Net Income 2021: $9,365,9272021Revenue 2022: $66,604,414Expenses 2022: $58,361,557Net Income 2022: $8,242,8572022Revenue 2023: $66,501,683Expenses 2023: $63,253,543Net Income 2023: $3,248,1402023Revenue 2024: $67,197,242Expenses 2024: $64,393,442Net Income 2024: $2,803,8002024

Highlighted filing

2024

Revenue$67,197,242
Expenses$64,393,442
Net Income$2,803,800

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$117$22.7$94.2$67.2$64.4$2.80
2023Detailed filing. Detailed filing data is available for this year.$113$22.2$90.6$66.5$63.3$3.25
2022Detailed filing. Detailed filing data is available for this year.$133$46.3$86.4$66.6$58.4$8.24
2021Detailed filing. Detailed filing data is available for this year.$105$26.2$78.9$64.1$54.7$9.37
2020Detailed filing. Detailed filing data is available for this year.$100$31.7$68.4$54.5$47.9$6.62
2019Detailed filing. Detailed filing data is available for this year.$93.5$32.0$61.6$58.3$52.2$6.05
2018Detailed filing. Detailed filing data is available for this year.$89.0$34.0$55.0$56.5$51.7$4.84
2017Detailed filing. Detailed filing data is available for this year.$84.8$34.5$50.3$54.1$49.4$4.66
2016Detailed filing. Detailed filing data is available for this year.$79.0$33.8$45.2$51.2$47.6$3.60
2015Summary only. Only limited summary data is available for this year.$76.1$34.7$41.4$53.9$47.1$6.82
2014Detailed filing. Detailed filing data is available for this year.$67.5$32.7$34.8$52.3$46.8$5.49
2013Detailed filing. Detailed filing data is available for this year.$57.0$27.1$29.9$51.6$47.8$3.87
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$51.1$24.9$26.2$40.8
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$36.7$14.8$21.9$32.6
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.1$11.1$18.0$29.7
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 6, 2025
Return Version
2024v5.2
Gross Receipts
$67,826,834
Mission and Program Overview

Mission

Goodwill of central and coastal virginia's mission is to change lives...helping people help themselves through the power of work. (see schedule o for continuation)...

To provide workforce development services for individuals facing challenges to work.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$65,215,861$71,007,400▲ $5,791,539
Savings and Temporary Cash Investments$24,794,221$19,235,695▼ $5,558,526
Investments Other Securities$13,764,233$17,160,829▲ $3,396,596
Inventories for Sale or Use$2,259,866$2,407,941▲ $148,075
Prepaid Expenses and Deferred Charges$983,094$911,997▼ $71,097
Accounts Receivable$1,774,917$775,345▼ $999,572
Intangible Assets$293,537$263,223▼ $30,314
Cash and Non-Interest-Bearing Accounts$51,831$50,794▼ $1,037
Total Assets$112,870,819$116,913,307▲ $4,042,488
Other Assets Total$3,733,259$5,100,083▲ $1,366,824
Liabilities
Mortgage Notes Payable Secured by Investment Property$18,961,931$18,640,763▼ $321,168
Accounts Payable and Accrued Expenses$2,779,287$3,509,889▲ $730,602
Other Liabilities$469,323$485,797▲ $16,474
Deferred Revenue$33,165$40,433▲ $7,268
Total Liabilities$22,243,706$22,676,882▲ $433,176
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$90,563,475$94,228,507▲ $3,665,032
Net Assets With Donor Restrictions$63,638$7,918▼ $55,720
Total Net Assets Fund Balance$90,627,113$94,236,425▲ $3,609,312
Total Liabilities and Net Assets / Fund Balance$112,870,819$116,913,307▲ $4,042,488

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$45,708,217$20,371,878$66,080,095
Land$21,488,449-$21,488,449
Equipment$2,998,685$15,028,400$18,027,085
Leasehold Improvements$87,587$3,508,049$3,595,636
Other Land Buildings$724,462$1,581,949$2,306,411
Other Securities$17,160,829--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mark BarthPresident & CEOFT$391,487$29,234$420,721
Pamela BeattyCFOFT$245,926$9,660$255,586
John LeopoldVP Enterprise SupportFT$206,686$28,058$234,744
Desmond CarterCOOFT$207,334$17,424$224,758
Stephen HuyckVP ServicesFT$160,942$35,951$196,893
Laura FaisonChief Marketing OfficerFT$172,279$20,295$192,574
Everett ShupeVP Leadership & Workfoce DFT$155,435$30,500$185,935
Aleta SheltonVP Community EngagementFT$161,531$1,606$163,137

Highest Paid Contractors

ContractorServicesLocationCompensation
Robinson Gareiss LcConstruction/main General Contractor5544 GREENWICH RD SUITE 101, Virginia Beach, VA 23462$474,209
Volt Technologies LLCIt Contractor525 VINE ST STE 210, Winstonsalem, NC 27101$455,856
Superior HomeBuilding Maint General Contractor9519 RIDDLE ROAD, Chesterfield, VA 23832$344,150
Bt Manangement LLCAuctioneer Services924 CASTLE HOLLOW RD, Midlothian, VA 23114$111,225
Revenue and Support

Revenue Composition

Contributions and Grants
$29,198,270
Program Service Revenue
$37,579,315
Investment Income
$-135,149
Other Revenue
$554,806
All Other Contributions
$28,302,381
Change in Net Assets
$2,803,800

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Clothing and Household Goods-$27,724,299Fair Market Value (FMV)
Securities Publicly Traded2$2,735Fair Market Value (FMV)
Total Noncash Contributions2$27,727,034-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$42,346,265
Other Expenses$22,047,177
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$29,467,699$5,832,920-$35,300,619
Occupancy$8,673,708$2,149,236-$10,822,944
Other Employee Benefits$2,683,599$690,076-$3,373,675
Depreciation Depletion$1,922,165$1,355,540-$3,277,705
Payroll Taxes$2,664,072$457,262-$3,121,334
Information Technology$120,110$761,047-$881,157
Fees for Services Other$274,422$442,633-$717,055
Insurance$564,543$100,090-$664,633
Other Expenses$398,229$192,940-$591,169
Pension Plan Contributions$384,192$166,445-$550,637
Advertising$64,845$399,551-$464,396
Travel$110,826$60,244-$171,070
Fees for Services Legal$18,960$126,589-$145,549
Conferences and Meetings$11,990$35,453-$47,443
Total Functional Expenses$50,973,266$13,420,176$0$64,393,442
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Bradford B SauerBoard MemberThe Organization Rents the Bailey Bridge Store From an Entity That Includes an Owner Related to Bradford B. Sauer, the Transaction Was Reviewed to Ensure a Fair Market Rent Is Being Paid.No$245,457
Chris RouzieBoard MemberLEASE AGREEMMENT WITH BOARD MEMBER'S EMPLOYERNo-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Current Liabilities$265,378
Deferred Compensation$220,419

Bond Issues

BondIssuerIssuedIssue PricePurpose
AVirginia Small Business Financing Authority2010-12-29$15,200,000Purchase & build 5 stores

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$10,818,123--$174,931

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
Yes
Corrective action procedures
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 35% controlled entity
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Charles link is a board member. His daughter was an employee of the organization through 9-20-24.

Form 990, Part VI, Section B, Line 11B

The completed return is reviewed by goodwill's audit committee prior to submission. Copies of completed form 990 are provided via email or overnight courier to each voting member of the board.

Form 990, Part VI, Section B, Line 12C

Employees and board members are covered by the organization's conflict of interest policy. The employee conflict of interest policy is reviewed with new employees through part of orientation training session which is provided to all new employees. Each employee is required to complete disclosure statement with regard to this policy. On an annual basis, officers and board members are provided a copy of the organization's conflict of interest policy and sign an acknowledgement indicating they have received, read, understood and agreed to fully comply with the policy. Annual disclosures are reviewed by the board or committee and any conflicts are reviewed by the board chair and the executive committee.

Form 990, Part VI, Section B, Line 15

Goodwill of central and coastal virginia has a written executive compensation policy. This policy requires independent review of the compensation of "disqualified associates" as defined in irc 4958. This policy is implemented by the executive compensation committee. This committee has the responsibility to perform an annual review and approval of the compensation and benefit packages of affected goodwill associates.

Form 990, Part VI, Section C, Line 19

The organization makes its form 990 and financial statements available through its website at www.goodwillvirginia.org. This information is also available at www.guidestar.org. The organization makes its governing documents, conflict of interest policy and financial statements available upon request.

Filing and Contact Details

Filer

Filer Name
Goodwill of Central and Coastal
EIN
54-0455395
Phone
8047456300
Address
6301 MIDLOTHIAN TURNPIKE, RICHMOND, VA 23225

Signing Officer

Name
Pamela M Beatty
Title
CFO
Phone
8047456300
Signed
2025-11-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark a Barth
Formed
1945
Legal Domicile
Va
Voting Board Members
24
Independent Board Members
24
Employees
2,125
Volunteers
0

Preparer

Firm
Keiter Stephens Hurst Gary & Shreaves
Address
4401 DOMINION BLVD, GLEN ALLEN, VA 23060
Preparer
Virginia R Belcher
Phone
8047470000
Supplemental Narrative

Additional Explanations

FORM 990, PART III, LINE 1 (CONTINUATION OF MISSION STATEMENT):

Operating in central virginia since 1923 and in hampton roads since 1925, goodwill assists individuals facing challenges to work, including physical or intellectual disabilities; limited education, skills or work experience; language barriers; histories of incarceration; major life transitions; or long-term job loss necessitating the acquisition of new skills and support. Goodwill changes the trajectory of peoples' lives by delivering workforce solutions, at no cost to participants, that are largely funded by various social enterprises as well as public and private support. Job seekers can access goodwill's employment opportunities and services through employment centers, vocational programs including supported employment, and through select nonprofit community partners with whom goodwill co-locates its services. Goodwill's purpose statement is: we believe that work is a foundation for empowering individuals, strengthening families and building prosperous communities.

Form 990, Part IV, Line 28

The organization rents the bailey bridge store from an entity that includes an owner related to bradford b. Sauer, a member of the board. The transaction was reviewed to ensure a fair market rent is being paid.

Financial Statement Notes

PART X, LINE 2:

Goodwill follows fasb guidance for how uncertain tax positions should be recognized, measured, disclosed and presented in the consolidated financial statements. This requires the evaluation of tax positions taken or expected to be taken in the course of preparing goodwill's tax returns to determine whether the tax positions are "more-likely-than-not" of being sustained "when challenged or "when examined" by the applicable tax authority. Tax positions not deemed to meet the more-likely-than-not threshold would be recorded as a tax expense and liability in the current year. Management evaluated goodwill's tax position and concluded that goodwill had taken no uncertain tax positions that require adjustment to the consolidated financial statements to comply with the provisions of this guidance. Goodwill is not currently under audit by any tax jurisdiction.

Raw XML AppendixShowing 400 of 905 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt29VP LEADERSHIP & WORKFOCE D
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