Civic Intelligence

Goodwill Industries - Suncoast Inc

990 • Fiscal year 2019 • EIN 59-0718492

Jul 01, 2018 to Jun 30, 2019 • Filed on Feb 13, 2020

PO Box 14456St Petersburg, FL 33733-4456

(727) 523-1512

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.59x

Higher debt load relative to assets than 73% of similar nonprofits.

2019 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2019

Liabilities / Revenue

72nd percentile

1.00x

Higher debt load relative to revenue than 72% of similar nonprofits.

2019 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2019

Net Margin

66th percentile

9.2%

Higher net margin than 66% of similar nonprofits.

2019 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2019

Top Officer Pay

52nd percentile

$491,365

Higher top officer pay than 52% of similar nonprofits.

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

2019 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2019

Asset Growth

43rd percentile

3.0%

Faster asset growth than 43% of similar nonprofits.

2019 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2018 to 2019

Revenue Growth

67th percentile

9.0%

Faster revenue growth than 67% of similar nonprofits.

2019 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2018 to 2019

Assets

Up

$117,651,480

Up $3,414,459 (+3.0%) from 2018

Net Assets

Up

$47,716,813

Up $4,347,655 (+10%) from 2018

Liabilities

Down

$69,934,667

Down $933,196 (-1.3%) from 2018

Revenue

Up

$69,772,370

Up $5,756,202 (+9.0%) from 2018

Expenses

Up

$63,357,260

Up $3,150,030 (+5.2%) from 2018

Net Income

Up

$6,415,110

Up $2,606,172 (+68%) from 2018

Historical Trend

Balance Sheet Trend

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

$200M$150M$100M$50M$0Assets 2010: $64,895,071Liabilities 2010: $44,223,044Net Assets 2010: $20,672,0272010Assets 2011: $66,328,389Liabilities 2011: $43,478,031Net Assets 2011: $22,850,3582011Assets 2012: $66,963,315Liabilities 2012: $41,811,038Net Assets 2012: $25,152,2772012Assets 2013: $66,322,701Liabilities 2013: $39,590,326Net Assets 2013: $26,732,3752013Assets 2014: $69,745,243Liabilities 2014: $40,096,132Net Assets 2014: $29,649,1112014Assets 2015: $71,265,669Liabilities 2015: $38,102,317Net Assets 2015: $33,163,3522015Assets 2016: $79,875,946Liabilities 2016: $44,587,074Net Assets 2016: $35,288,8722016Assets 2017: $79,226,841Liabilities 2017: $40,702,461Net Assets 2017: $38,524,3802017Assets 2018: $114,237,021Liabilities 2018: $70,867,863Net Assets 2018: $43,369,1582018Assets 2019: $117,651,480Liabilities 2019: $69,934,667Net Assets 2019: $47,716,8132019Assets 2020: $116,871,815Liabilities 2020: $70,236,294Net Assets 2020: $46,635,5212020Assets 2021: $129,802,178Liabilities 2021: $66,534,695Net Assets 2021: $63,267,4832021Assets 2022: $141,139,946Liabilities 2022: $59,746,216Net Assets 2022: $81,393,7302022Assets 2023: $159,115,759Liabilities 2023: $60,220,305Net Assets 2023: $98,895,4542023Assets 2024: $173,512,153Liabilities 2024: $56,809,570Net Assets 2024: $116,702,5832024

Highlighted filing

2019

Assets$117,651,480
Liabilities$69,934,667
Net Assets$47,716,813

Operations Trend

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

$150M$100M$50M$0Expenses 2010: $45,024,9742010Expenses 2011: $51,956,1422011Expenses 2012: $54,759,5262012Expenses 2013: $57,454,8392013Revenue 2014: $58,539,403Expenses 2014: $55,639,779Net Income 2014: $2,899,6242014Revenue 2015: $61,318,385Expenses 2015: $57,463,396Net Income 2015: $3,854,9892015Revenue 2016: $62,953,103Expenses 2016: $60,297,507Net Income 2016: $2,655,5962016Revenue 2017: $64,718,765Expenses 2017: $62,153,268Net Income 2017: $2,565,4972017Revenue 2018: $64,016,168Expenses 2018: $60,207,230Net Income 2018: $3,808,9382018Revenue 2019: $69,772,370Expenses 2019: $63,357,260Net Income 2019: $6,415,1102019Revenue 2020: $65,725,440Expenses 2020: $63,307,465Net Income 2020: $2,417,9752020Revenue 2021: $87,131,952Expenses 2021: $74,133,954Net Income 2021: $12,997,9982021Revenue 2022: $90,590,927Expenses 2022: $75,373,415Net Income 2022: $15,217,5122022Revenue 2023: $93,059,464Expenses 2023: $77,758,930Net Income 2023: $15,300,5342023Revenue 2024: $100,248,595Expenses 2024: $82,811,754Net Income 2024: $17,436,8412024

Highlighted filing

2019

Revenue$69,772,370
Expenses$63,357,260
Net Income$6,415,110
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Feb 13, 2020
Return Version
2018v3.2
Gross Receipts
$70,176,788
Mission and Program Overview

Mission

Goodwill industries - suncoast, inc.'s (goodwill - suncoast) mission is transforming lives through lifelong learning and the power of work. We achieve the mission through employment services. Training and growth opportunities for people with disabilities or other barriers to employment. Goodwill - suncoast also promotes a greener community by repurposing items.

Our mission is helping people achieve their full potential through the dignity and power of work.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$78,852,384$86,468,206▲ $7,615,822
Cash and Non-Interest-Bearing Accounts$6,029,689$10,377,588▲ $4,347,899
Investments in Publicly Traded Securities$8,148,210$8,985,444▲ $837,234
Inventories for Sale or Use$4,335,585$4,695,641▲ $360,056
Accounts Receivable$3,746,089$3,544,063▼ $202,026
Prepaid Expenses and Deferred Charges$2,782,802$2,721,037▼ $61,765
Savings and Temporary Cash Investments$9,468,945$246,395▼ $9,222,550
Other Notes and Loans Receivable, Net$244,396$242,986▼ $1,410
Total Assets$114,237,021$117,651,480▲ $3,414,459
Other Assets Total$628,921$370,120▼ $258,801
Liabilities
Mortgage Notes Payable Secured by Investment Property$63,674,699$60,121,422▼ $3,553,277
Other Liabilities$2,847,681$5,053,440▲ $2,205,759
Accounts Payable and Accrued Expenses$3,968,750$4,428,204▲ $459,454
Deferred Revenue$376,733$331,601▼ $45,132
Total Liabilities$70,867,863$69,934,667▼ $933,196
Net Assets / Fund Balance
Unrestricted Net Assets$42,439,795$46,848,589▲ $4,408,794
Temporarily Rstr Net Assets$929,363$868,224▼ $61,139
Total Net Assets Fund Balance$43,369,158$47,716,813▲ $4,347,655
Total Liabilities and Net Assets / Fund Balance$114,237,021$117,651,480▲ $3,414,459

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$42,548,699$25,539,609$68,088,308
Land$33,717,995-$33,717,995
Equipment$2,773,443$13,772,664$16,546,107
Other Land Buildings$7,268,809$8,553,608$15,822,417
Leasehold Improvements$159,260$645,677$804,937
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Deborah a PasseriniPresident/ceFT$437,640$53,725$491,365
Deborah a PasseriniPresident/CEO-$329,320$162,045$491,365
Gary R HebertTreasurerFT$242,060$56,630$298,690
Paul NorrisVP of CorrecFT$171,621$13,682$185,303
Paul NorrisVP of Corrections-$155,393$29,910$185,303
Allen StarrCIOFT$141,944$26,776$168,720
Stefanie AnnaSecretaryFT$132,831$27,294$160,125
James Williams IiiVP of DeveloFT$126,816$29,191$156,007
James Williams IiiVP of Development-$114,818$41,189$156,007
Kris RawsonVP of WorkfoFT$138,589$12,964$151,553
Kris RawsonVP of Workforce-$126,141$25,412$151,553
Jacqueline MillerVP of HrFT$133,496$12,500$145,996

Board Members and Trustees

NameTitle
Heather CeresoliBoard Chair
Dominic MacroneVice Chair
Louise LopezVice Chair
Mark D PichowskiVice Chair
Andrea KiehlDirector
Bob DobkowskiDirector
Bob WabbersenDirector
Christina ElamDirector
Ed RaderDirector
John MaceovskyDirector
Lee BellDirector
Mark GauthierDirector
Mellisa MoraDirector
Sandra YoungDirector
Scott C RutzDirector
Steve EricksonDirector
Steven BivensDirector
Carole PhilipsonSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$15,091,520
Program Service Revenue
$53,857,654
Investment Income
$286,458
Other Revenue
$536,738
All Other Contributions
$14,965,108
Change in Net Assets
$6,415,110

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Clothing and Household Goods-$13,821,749Cost of Goods Sold
Cars and Other Vehicles28$39,466Fair Market Value (FMV) (sales Price)
Total Noncash Contributions28$13,861,215-

Audited Revenue Reconciliation

Revenue per Audited Statements
$69,787,744
Revenue Not Reported on Financial Statements
$-15,374
Revenue Not Reported on Form 990
$1,279,198
Other Revenue Adjustments
$-15,374
Total Revenue per Audited Statements
$71,066,942
Total Revenue per Form 990
$69,772,370
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$36,905,135
Other Expenses$26,452,125
Total Fundraising Expense$726,031
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$24,364,369$3,926,188$273,708$28,564,265
Occupancy$5,418,863$38,581$2,967$5,460,411
Depreciation Depletion$3,897,154$514,540$110$4,411,804
Payroll Taxes$2,732,675$442,764$35,613$3,211,052
Other Employee Benefits$2,591,452$395,100$22,381$3,008,933
Interest$2,029,623$62,356-$2,091,979
Current Officers, Directors, Trustees, and Key Employees$336,856$1,264,896$156,007$1,757,759
Travel$1,524,321$131,222$30,623$1,686,166
Insurance$1,190,920$171,148$8,713$1,370,781
Fees for Services Other$999,005$188,944$428$1,188,377
Information Technology$508,475$378,455$14,337$901,267
Office Expenses$673,334$84,126$65,947$823,407
Advertising$425,854$76,433$1,383$503,670
Pension Plan Contributions$258,703$97,861$6,562$363,126
Payments to Affiliates$231,201--$231,201
Fees for Services Management$68,829$75,110$68,839$212,778
Fees for Services Legal$89,309$106,331$404$196,044
Other Expenses$129,953$22,166$3,460$155,579
Fees for Services Accounting$27,930$44,055$4,629$76,614
Fees for Service Investment Mgmnt Fees-$36,303$24,759$61,062
Conferences and Meetings$10,250$10,650$5,161$26,061
Total Functional Expenses$54,564,000$8,067,229$726,031$63,357,260

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$66,644,407
Expenses per Audited Statements$65,659,218
Total Expenses per Form 990$63,357,260
Expenses Not Reported on Form 990$985,189
Expenses Not Reported on Financial Statements$-2,301,958
Other Expense Adjustments$-2,301,958
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$79,364
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Hippie Dash$126,412-$70,767-
Total Events$126,412-$79,364$-79,364
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
-Former DirectorInsurance PremiumsNo$1,590,183
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Compensation Payable$2,755,841
Fair Value of Interest Rate Swap$2,077,060
Annuities Payable$220,539
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
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The audit committee reviews the form 990 and reports its comments to the board either at a meeting or via email. Each board member receives a copy of the 990 and approves before filing.

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

All board members are required to disclose any potential conflict of interest prior to discussion of any item in which a conflict may be present or arise. Conflicted members exit the boardroom and abstain from voting on any matters where a conflict of interest is present. Members also complete annual disclosures of any potential conflicts of interests in writing.

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

The executive committee serves as the compensation committee for the board of directors and reviews and establishes the total compensation for the ceo annually, utilizing a third-party compensation consultant who develops a wage comparability study that also incorporates a 990 peer group, and compiles the data. The board reviews the comparability data and the total compensation, with the recommendations from the executive committee annually together with the ceos performance. The full board approves all compensation changes. The study is completed at least every three years.

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

The compensation consultant compiles a wage comparability study that also incorporates a 990 peer group for officers and key employees, and highly paid individuals. The study is completed at least every three years and data is presented to the executive committee and the full board. Total compensation is established by the ceo in compliance with the boards policy on executive compensation, which includes targeted percentile ranges. Any compensation falling outside of pre-established ranges is brought to the executive committee and board for approval.

Form 990, Page 6, Part VI, Line 19

Governing documents, conflict of interest policy and financial statement available upon request.

Filing and Contact Details

Filer

Filer Name
Goodwill Industries-suncoast Inc
EIN
59-0718492
Phone
7275231512
Address
PO BOX 14456, ST PETERSBURG, FL 33733-4456

Signing Officer

Name
Gary R Hebert
Title
Treasurer
Phone
7275231512
Signed
2020-02-13

Organization Details

Principal Officer
Deborah a Passerini
Formed
1953
Legal Domicile
Fl
Voting Board Members
19
Independent Board Members
18
Employees
2,248
Volunteers
8,181

Preparer

Firm
Rsm US Llp
Address
100 2ND AVE SOUTH STE 600, SAINT PETERSBURG, FL 33701-4336
Preparer
Byron C Smith CPA
Phone
7278216161
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Our mission is helping people achieve their full potential through the dignity and power of work. We achieve the mission through job training, employment, and personal growth opportunities for people with disabilities and other barriers to employment. Goodwill also promotes a greener community by repurposing items that may otherwise be relegated to landfills.

Form 990, Page 1, Part I, Line 6

Volunteers provide multiple services to goodwill-suncoast, including mentoring clients in our programs for people with developmental disabilities, assisting with fundraising events or visiting with the elderly. Many volunteers are readers for goodwills bookworks program where they read to at-risk children or sort and prepare books for distribution. After volunteers read to a group of at-risk youth, they give each child their own, personalized book to take home. The number of children served by bookworks during the past year was 41,591.

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

Human services program - goodwill-suncoast helps people secure training, find jobs, become more independent, and support their families through a variety of human services programs including supported employment, life skills development, job connection services, employment internships, and financial literacy education for youth. These programs assist individuals with disabilities as well as those who face other disadvantages such as lack of training or education. Total clients served 62,097. Here is a story of one of our many clients: theresa entered goodwills life skills development program for adults with disabilities after her mom passed away. At 50 years old, it was a pivotal point in her life. She progressed from processing donations at a goodwill donation center to working every day at a goodwill superstore. She consistently exceeds expectations in a variety of tasks. In 2019, for the first time ever, theresa is living independently in her own apartment. Because i have a disability, it makes me feel so good when people know i can do things

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

Contract services - packaging, assembly or labeling work for businesses provides job training and work habits training to individuals with developmental disabilities while allowing them to earn paychecks. Total clients served were 197.

Form 990, Part XI, Line 9

Change in split interest value 15,374 interest rate swap -2,301,960 total -2,286,586

Financial Statement Notes

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

Jobworks revenues - consolidated financial statements 980,703 special events expense 79,364

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

Split interest change -15,374

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

Jobworks expenses - consolidated financial statements 905,825 special events expense 79,364

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

Fv of interest rate swap -2,301,958

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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/TitleTxt19TREASURER
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IRS990/Form990PartVIISectionAGrp/TitleTxt21CIO
IRS990/Form990PartVIISectionAGrp/TitleTxt22SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt23VP OF WORKFO
IRS990/Form990PartVIISectionAGrp/TitleTxt24VP OF HR
IRS990/Form990PartVIISectionAGrp/TitleTxt25VP OF DEVELO
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IRS990/MissionDesc0OUR MISSION IS HELPING PEOPLE ACHIEVE THEIR FULL POTENTIAL THROUGH THE DIGNITY AND POWER OF WORK. WE ACHIEVE THE MISSION THROUGH JOB TRAINING, EMPLOYMENT, AND PERSONAL GROWTH OPPORTUNITIES FOR PEOPLE WITH DISABILITIES AND OTHER BARRIERS TO EMPLOYMENT. GOODWILL ALSO PROMOTES A GREENER COMMUNITY BY REPURPOSING ITEMS THAT MAY OTHERWISE BE RELEGATED TO LANDFILLS.
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IRS990/OtherRevenueMiscGrp/Desc1DISCOUNTS EARNED
IRS990/OtherRevenueMiscGrp/Desc2CASH OVER/(SHORT)

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$174$56.8$117$100$82.8$17.4
2023Detailed filing. Detailed filing data is available for this year.$159$60.2$98.9$93.1$77.8$15.3
2022Detailed filing. Detailed filing data is available for this year.$141$59.7$81.4$90.6$75.4$15.2
2021Detailed filing. Detailed filing data is available for this year.$130$66.5$63.3$87.1$74.1$13.0
2020Detailed filing. Detailed filing data is available for this year.$117$70.2$46.6$65.7$63.3$2.42
2019Detailed filing. Detailed filing data is available for this year.$118$69.9$47.7$69.8$63.4$6.42
2018Detailed filing. Detailed filing data is available for this year.$114$70.9$43.4$64.0$60.2$3.81
2017Detailed filing. Detailed filing data is available for this year.$79.2$40.7$38.5$64.7$62.2$2.57
2016Detailed filing. Detailed filing data is available for this year.$79.9$44.6$35.3$63.0$60.3$2.66
2015Detailed filing. Detailed filing data is available for this year.$71.3$38.1$33.2$61.3$57.5$3.85
2014Detailed filing. Detailed filing data is available for this year.$69.7$40.1$29.6$58.5$55.6$2.90
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$66.3$39.6$26.7$57.5
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$67.0$41.8$25.2$54.8
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$66.3$43.5$22.9$52.0
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$64.9$44.2$20.7$45.0