Civic Intelligence

Goodwill Industries of South Texas Inc.

990 • Fiscal year 2016 • EIN 74-1223056

Jan 01, 2016 to Dec 31, 2016 • Filed on Apr 21, 2017

2961 South Port AvenueCorpus Christi, TX 78405-2098

(361) 884-4068

Siviq Scores

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

Liabilities / Assets

68th percentile

0.44x

Higher debt load relative to assets than 68% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

34th percentile

0.13x

Higher debt load relative to revenue than 34% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Net Margin

33rd percentile

-1.0%

Higher net margin than 33% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

58th percentile

$197,827

Higher top officer pay than 58% of similar nonprofits.

Top officer pay equals 1.3% of source-year revenue.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Asset Growth

9th percentile

-9.9%

Faster asset growth than 9% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

48th percentile

2.2%

Faster revenue growth than 48% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Assets

Down

$4,643,566

Down $513,071 (-9.9%) from 2015

Net Assets

Down

$2,616,138

Down $151,952 (-5.5%) from 2015

Liabilities

Down

$2,027,428

Down $361,119 (-15%) from 2015

Revenue

Up

$15,336,380

Up $333,492 (+2.2%) from 2015

Expenses

Up

$15,488,332

Up $374,463 (+2.5%) from 2015

Net Income

Down

-$151,952

Down $40,971 (-37%) from 2015

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2010: $4,241,900Liabilities 2010: $2,123,362Net Assets 2010: $2,118,5382010Assets 2011: $4,162,415Liabilities 2011: $1,891,075Net Assets 2011: $2,271,3402011Assets 2012: $4,790,574Liabilities 2012: $2,128,568Net Assets 2012: $2,662,0062012Assets 2013: $5,464,289Liabilities 2013: $2,577,485Net Assets 2013: $2,886,8042013Assets 2014: $5,110,187Liabilities 2014: $2,231,116Net Assets 2014: $2,879,0712014Assets 2015: $5,156,637Liabilities 2015: $2,388,547Net Assets 2015: $2,768,0902015Assets 2016: $4,643,566Liabilities 2016: $2,027,428Net Assets 2016: $2,616,1382016Assets 2017: $5,046,019Liabilities 2017: $1,899,125Net Assets 2017: $3,146,8942017Assets 2018: $5,596,930Liabilities 2018: $1,964,179Net Assets 2018: $3,632,7512018Assets 2019: $6,757,408Liabilities 2019: $2,999,359Net Assets 2019: $3,758,0492019Assets 2020: $6,373,356Liabilities 2020: $5,926,314Net Assets 2020: $447,0422020Assets 2021: $8,317,143Liabilities 2021: $2,667,719Net Assets 2021: $5,649,4242021Assets 2022: $57,569,423Liabilities 2022: $53,239,954Net Assets 2022: $4,329,4692022Assets 2023: $57,427,056Liabilities 2023: $51,601,084Net Assets 2023: $5,825,9722023Assets 2024: $51,702,005Liabilities 2024: $44,145,553Net Assets 2024: $7,556,4522024

Highlighted filing

2016

Assets$4,643,566
Liabilities$2,027,428
Net Assets$2,616,138

Operations Trend

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

$40M$30M$20M$10M$0-$10MExpenses 2010: $8,226,8332010Expenses 2011: $9,700,4982011Expenses 2012: $10,806,5602012Revenue 2013: $12,454,011Expenses 2013: $12,229,213Net Income 2013: $224,7982013Revenue 2014: $13,945,636Expenses 2014: $13,953,369Net Income 2014: -$7,7332014Revenue 2015: $15,002,888Expenses 2015: $15,113,869Net Income 2015: -$110,9812015Revenue 2016: $15,336,380Expenses 2016: $15,488,332Net Income 2016: -$151,9522016Revenue 2017: $17,253,659Expenses 2017: $16,722,903Net Income 2017: $530,7562017Revenue 2018: $19,773,899Expenses 2018: $19,288,042Net Income 2018: $485,8572018Revenue 2019: $21,459,802Expenses 2019: $21,334,504Net Income 2019: $125,2982019Revenue 2020: $16,072,928Expenses 2020: $19,349,610Net Income 2020: -$3,276,6822020Revenue 2021: $25,719,270Expenses 2021: $20,516,888Net Income 2021: $5,202,3822021Revenue 2022: $27,923,040Expenses 2022: $26,270,990Net Income 2022: $1,652,0502022Revenue 2023: $31,759,175Expenses 2023: $29,661,555Net Income 2023: $2,097,6202023Revenue 2024: $34,450,591Expenses 2024: $32,459,198Net Income 2024: $1,991,3932024

Highlighted filing

2016

Revenue$15,336,380
Expenses$15,488,332
Net Income-$151,952
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Apr 21, 2017
Return Version
2016v3.0
Gross Receipts
$17,588,424
Mission and Program Overview

Mission

The mission of goodwill industries of south texas is to create life-changing opportunities for people with disabilities or other barriers to employment.

Changing lives through the power of work by providing free job training, employment placement and other support services to people with disabilities or other disadvantages. In 2016 we helped nearly 4,900 people.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,575,330$3,189,526▼ $385,804
Cash and Non-Interest-Bearing Accounts$491,262$446,143▼ $45,119
Savings and Temporary Cash Investments$311,260$365,448▲ $54,188
Accounts Receivable$329,135$260,735▼ $68,400
Inventories for Sale or Use$308,868$254,772▼ $54,096
Prepaid Expenses and Deferred Charges$133,449$122,792▼ $10,657
Total Assets$5,156,637$4,643,566▼ $513,071
Other Assets Total$7,333$4,150▼ $3,183
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,695,596$1,160,570▼ $535,026
Accounts Payable and Accrued Expenses$640,306$817,250▲ $176,944
Other Liabilities$52,645$49,608▼ $3,037
Total Liabilities$2,388,547$2,027,428▼ $361,119
Net Assets / Fund Balance
Unrestricted Net Assets$2,768,090$2,616,138▼ $151,952
Total Net Assets Fund Balance$2,768,090$2,616,138▼ $151,952
Total Liabilities and Net Assets / Fund Balance$5,156,637$4,643,566▼ $513,071

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$634,395$2,682,082$3,316,477
Buildings$1,136,853$1,076,168$2,213,021
Leasehold Improvements$343,447$887,400$1,230,847
Land$1,008,322-$1,008,322
Other Land Buildings$66,509$559,192$625,701
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
John W OwenPresident CeFT$178,006$19,821$197,827
John W OwenPresident CEO-$178,006$19,821$197,827
Dan OwenCOOFT$114,014$8,834$122,848
John SpencerCFOFT$104,503$8,509$113,012

Board Members and Trustees

NameTitle
Jennifer J StaffChair
Otis PeaksVice Chair
Alan HarwellDirector
Chad MagillDirector
Dan KingDirector
Daniel CarlisleDirector
Enrique CastilloDirector
Gary PruettDirector
Jerret a KrouseDirector
Jodi GoingsDirector
Jordan RegasDirector
Joseph CortezDirector
Julio C ReyesDirector
Ken SchromDirector
Leo R Barrera JrDirector
Mary L TeeterDirector
Matt MartiniDirector
May NardoneDirector
Michael MillerDirector
Natesh KumarDirector
Reid AstonDirector
Rendell C Webb JrDirector
Roy L PellDirector
Sandra SaenzDirector
William MarinDirector
Peter AvotsCorp Secreta
Stephany SchadeCorp Treas
Revenue and Support

Revenue Composition

Contributions and Grants
$2,206,600
Program Service Revenue
$2,457,321
Investment Income
$102
Other Revenue
$10,672,357
All Other Contributions
$2,040,388
Change in Net Assets
$-151,952

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$1,943,734Sales Value
Total Noncash Contributions$1,943,734-

Audited Revenue Reconciliation

Revenue per Audited Statements
$15,336,380
Total Revenue per Audited Statements
$15,336,380
Total Revenue per Form 990
$15,336,380
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$8,796,698
Other Expenses$6,691,634
Total Fundraising Expense$36,001
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$8,149,978$306,859$29,022$8,485,859
Occupancy$4,402,982$16,498$274$4,419,754
Office Expenses$596,710$24,048$1,219$621,977
Depreciation Depletion$463,891$18,470$339$482,700
Conferences and Meetings$271,067$161,573$1,366$434,006
Current Officers, Directors, Trustees, and Key Employees$141,003$169,836-$310,839
Interest$29,908$308-$30,216
Other Expenses$20,781$1,545$3,781$20,781
All Other Expenses$11,787$1,838-$13,625
Total Functional Expenses$14,724,038$728,293$36,001$15,488,332

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$15,488,332
Total Expenses per Audited Statements$15,488,332
Total Expenses per Form 990$15,488,332
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$70,265
Fundraising Direct Expenses$29,628
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Special Events$70,265$70,265$29,628$40,637
Total Events$70,265$70,265$29,628$40,637
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Short-term Note Payable Insur Prem$49,608
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
Yes
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 2

John w. Owen daniel owen president coo father, son

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

The board of directors authorized the audit committe to act on behalf of the full board to approve the 990 submission. When the 990 is complete, it is sent electronically to all board members. The audit committe meets to review the 990, address any questions from board members, and approves submission.

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

Goodwill requires every board member to complete and return an annual conflict of interest acknowledgement form. The results of the form are compiled and distributed to all board members annually and reviewed to ensure compliance with the policy.

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

Every year the executive committee of the board of directors purchases an independent compensation analysis to determine commensurate salaries and benefits paid to ceo's of simialr size organizations in the not for profit and for profit marketplace. As a separate tool, the goodwill marketplace is determined using the annual goodwill industries ceo salary and compensation survey. The compensation committee of the board uses these analyses along with evaluating the ceo against five key factors (performance, criticality, marketability competence, and tenure on the job) to determine the ideal compensation for the ceo. At the beginning of each year, the executive committee approves a set of goals against which the compensation committee uses to measure the ceo's performance. The compensation committee then makes a recommendation to the executive committee who has the final authority to approve the ceo's compensation. Notes from the process are produced contemporaneously by the chair of the compensation committee.

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

Compensation for officers and vice presidents is determined using a similar method as described for the ceo with respect to market analysis. After reviewing the market analysis for similar positions, the ceo makes a recommendation to the compensation committee. The compensation committee makes a final recommendation to the executive committee, which has the final authority to approve officers- and vice presidents' compensation.

Form 990, Page 6, Part VI, Line 19

Goodwill makes their governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Goodwill Industries
EIN
74-1223056
Phone
3618844068
Address
2961 SOUTH PORT AVENUE, CORPUS CHRISTI, TX 78405-2098

Signing Officer

Name
John Spencer
Title
CFO
Phone
3618844068
Signed
2017-04-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Spencer
Formed
1948
Legal Domicile
TX
Voting Board Members
28
Independent Board Members
22
Employees
1,282
Volunteers
1,207

Preparer

Firm
Gowland Strealy Morales & Company Pllc
Address
5934 SOUTH STAPLES SUITE 201, CORPUS CHRISTI, TX 78413
Preparer
David J Morales
Phone
3619931000
Supplemental Narrative

Additional Explanations

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

Pounds out of area landfills including 180,000 pounds of computers and computer components which were recycled through the dell reconnect program.

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

Development, mock-interviews, job coaching, and case management. Many of the people goodwill serves are ex-offenders trying to rebuild their lives. Resume workshops are provided to inmates at both the county jail and federal prison to give them a resource outside the prison system and to help them secure employment. In 2016, goodwill industries of south texas mission services division provided free job training, employment placement and other support services to 4,890 people throughout south texas. Goodwill operated four learning centers throughout its 20-county service area and secured steady employment for 317 program participants. Those placed averaged a wage of 8.58 per hour. The community demand for workforce development services continues to grow due to the recognition of goodwill's success in placing people who have been most challenged in finding employment on their own. Goodwill stores, donation stations, and contract services are also sources of mission fulfillment. In addition to providing job training to people with barriers to employment, goodwill also employed 83% of those placed. Through funding from the texas veterans commission starting in july 2016, goodwill served over 50 coastal bend veterans through goodwill veteran services. Community support services provided to south texans included free income tax assistance to 1,032 individuals and families who earned under 60,000 through the volunteer income tax assistance (vita) program, community service restitution (927 people), clothing voucher program (874 people) and bi-annual job fairs (416 people). These critical human services were funded through fee for service from referring agencies, revenue generated from goodwill's contract services, donations sold at goodwill retail stores and online, and through the generous financial support of individual donors, businesses, and foundations. Goodwill industries of south texas is always working to find new and innovative ways to engage our communities, educate people on our mission, and generate increased public support. In addition to sharing the goodwill story through grass roots efforts, goodwill is increasing the use of digital technology, which often costs less than traditional media, and one specific way was the development of the hashtag campaign, bragaboutthetag. Goodwill industries of south texas can be found online at goodwillsouthtexas.com and on social media platforms such as facebook, instagram, twitter and youtube.

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IRS990/ActivityOrMissionDesc0CHANGING LIVES THROUGH THE POWER OF WORK BY PROVIDING FREE JOB TRAINING, EMPLOYMENT PLACEMENT AND OTHER SUPPORT SERVICES TO PEOPLE WITH DISABILITIES OR OTHER DISADVANTAGES. IN 2016 WE HELPED NEARLY 4,900 PEOPLE.
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IRS990/Desc0DONATED GOODS: GOODWILL RETAIL STORES AND DONATION STATIONS ARE CENTRAL TO THE FULFILLMENT OF GOODWILL'S MISSION OF PROVIDING JOB TRAINING AND EMPLOYMENT SERVICES TO PEOPLE WITH DISABILITIES AND DISADVANTAGES. IN 2016, OVER 12,770,000 WORTH OF GENTLY-USED CLOTHING, FURNITURE, AND OTHER HOUSEHOLD GOODS WERE SORTED, PRICED AND SOLD IN GOODWILL'S 16 RETAIL LOCATIONS PLUS ONLINE, SAVING OUR CUSTOMERS HUNDREDS OF THOUSANDS OF DOLLARS ON QUALITY, LOW COST GOODS, WHILE PROVIDING THE REVENUE NECESSARY TO FUND CRITICAL JOB TRAINING PROGRAMS. GOODWILL IS OFTEN REFERRED TO AS THE ORIGINAL RECYCLER, SINCE WE HAVE BEEN REUSING AND RECYCLING DONATIONS SINCE 1902. AT YEAR END, OVER 1.11 MILLION TRANSACTIONS WERE MADE AND 391,491 PEOPLE GENEROUSLY DONATED THESE GOODS, KEEPING OVER TEN MILLION POUNDS OUT OF AREA LANDFILLS INCLUDING 180,000 POUNDS OF COMPUTERS AND COMPUTER COMPONENTS WHICH WERE RECYCLED THROUGH THE DELL RECONNECT PROGRAM.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1CORP SECRETA
IRS990/Form990PartVIISectionAGrp/TitleTxt2CORP TREAS
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt20COO
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt26DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt27DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt28DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt29DIRECTOR
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IRS990/OtherRevenueMiscGrp/Desc0VENDING SALES
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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.$51.7$44.1$7.56$34.5$32.5$1.99
2023Detailed filing. Detailed filing data is available for this year.$57.4$51.6$5.83$31.8$29.7$2.10
2022Detailed filing. Detailed filing data is available for this year.$57.6$53.2$4.33$27.9$26.3$1.65
2021Detailed filing. Detailed filing data is available for this year.$8.32$2.67$5.65$25.7$20.5$5.20
2020Detailed filing. Detailed filing data is available for this year.$6.37$5.93$0.45$16.1$19.3$3.28
2019Detailed filing. Detailed filing data is available for this year.$6.76$3.00$3.76$21.5$21.3$0.13
2018Detailed filing. Detailed filing data is available for this year.$5.60$1.96$3.63$19.8$19.3$0.49
2017Detailed filing. Detailed filing data is available for this year.$5.05$1.90$3.15$17.3$16.7$0.53
2016Detailed filing. Detailed filing data is available for this year.$4.64$2.03$2.62$15.3$15.5$0.15
2015Detailed filing. Detailed filing data is available for this year.$5.16$2.39$2.77$15.0$15.1$0.11
2014Detailed filing. Detailed filing data is available for this year.$5.11$2.23$2.88$13.9$14.0$0.01
2013Detailed filing. Detailed filing data is available for this year.$5.46$2.58$2.89$12.5$12.2$0.22
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.79$2.13$2.66$10.8
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.16$1.89$2.27$9.70
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.24$2.12$2.12$8.23