Civic Intelligence

Goodwill Industries of South Texas Inc.

990 • Fiscal year 2017 • EIN 74-1223056

Jan 01, 2017 to Dec 31, 2017 • Filed on Oct 25, 2018

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

64th percentile

0.38x

Higher debt load relative to assets than 64% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

32nd percentile

0.11x

Higher debt load relative to revenue than 32% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Net Margin

51st percentile

3.1%

Higher net margin than 51% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

61st percentile

$208,124

Higher top officer pay than 61% of similar nonprofits.

Top officer pay equals 1.2% of source-year revenue.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Asset Growth

64th percentile

8.7%

Faster asset growth than 64% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

68th percentile

13%

Faster revenue growth than 68% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Assets

Up

$5,046,019

Up $402,453 (+8.7%) from 2016

Net Assets

Up

$3,146,894

Up $530,756 (+20%) from 2016

Liabilities

Down

$1,899,125

Down $128,303 (-6.3%) from 2016

Revenue

Up

$17,253,659

Up $1,917,279 (+13%) from 2016

Expenses

Up

$16,722,903

Up $1,234,571 (+8.0%) from 2016

Net Income

Up

$530,756

Up $682,708 (+449%) from 2016

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

2017

Assets$5,046,019
Liabilities$1,899,125
Net Assets$3,146,894

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

2017

Revenue$17,253,659
Expenses$16,722,903
Net Income$530,756
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Oct 25, 2018
Return Version
2017v2.3
Gross Receipts
$19,781,082
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 2017 we helped serve 4,866 people.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,189,526$3,122,717▼ $66,809
Cash and Non-Interest-Bearing Accounts$446,143$723,690▲ $277,547
Savings and Temporary Cash Investments$365,448$442,731▲ $77,283
Inventories for Sale or Use$254,772$310,674▲ $55,902
Accounts Receivable$260,735$295,724▲ $34,989
Prepaid Expenses and Deferred Charges$122,792$130,925▲ $8,133
Total Assets$4,643,566$5,046,019▲ $402,453
Other Assets Total$4,150$19,558▲ $15,408
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,160,570$948,827▼ $211,743
Accounts Payable and Accrued Expenses$817,250$893,908▲ $76,658
Other Liabilities$49,608$56,390▲ $6,782
Total Liabilities$2,027,428$1,899,125▼ $128,303
Net Assets / Fund Balance
Unrestricted Net Assets$2,616,138$3,146,894▲ $530,756
Total Net Assets Fund Balance$2,616,138$3,146,894▲ $530,756
Total Liabilities and Net Assets / Fund Balance$4,643,566$5,046,019▲ $402,453

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$448,172$2,918,116$3,366,288
Buildings$1,092,647$1,120,374$2,213,021
Leasehold Improvements$332,077$962,529$1,294,606
Land$1,008,323-$1,008,323
Other Land Buildings$241,498$427,297$668,795
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
John W OwenPresident CeFT$190,006$18,118$208,124
John W OwenPresident CEO-$190,006$18,118$208,124
Dan OwenCOOFT$124,014$8,529$132,543
John SpencerCFOFT$117,503$8,090$125,593
Marjorie BoudreauxDirector ofFT$110,513$7,774$118,287
Raquel LoeraVP Mission SFT$101,005$7,510$108,515

Board Members and Trustees

NameTitle
Jennifer J StaffChair
Stefany SchadeVice Chair
Alan HarwellDirector
Anna FloresDirector
Dan KingDirector
Daniel CarlisleDirector
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
Pj PiperDirector
Reid AstonDirector
Roy L PellDirector
Ryan DewbreDirector
William MarinDirector
Peter AvotsCorp Secreta
Otis PeaksCorp Treasur
Revenue and Support

Revenue Composition

Contributions and Grants
$2,596,563
Program Service Revenue
$2,382,096
Investment Income
$433
Other Revenue
$12,274,567
All Other Contributions
$2,446,604
Change in Net Assets
$530,756

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$2,149,626Sales Value
Total Noncash Contributions$2,149,626-

Audited Revenue Reconciliation

Revenue per Audited Statements
$17,253,659
Revenue Not Reported on Form 990
$2,527,423
Total Revenue per Audited Statements
$19,781,082
Total Revenue per Form 990
$17,253,659
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$9,881,133
Other Expenses$6,841,770
Total Fundraising Expense$5,582
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$9,123,917$449,707-$9,573,624
Occupancy$4,456,620$22,364$180$4,479,164
Office Expenses$725,740$22,395$1,533$749,668
Conferences and Meetings$443,343$44,950-$488,293
Depreciation Depletion$368,077$3,950-$372,027
Current Officers, Directors, Trustees, and Key Employees$146,680$160,829-$307,509
Other Expenses$34,975$124,060$3,869$34,975
Interest$18,376$7,003-$25,379
All Other Expenses$-7,196$12,267-$5,071
Total Functional Expenses$15,851,895$865,426$5,582$16,722,903

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$19,250,326
Expenses per Audited Statements$16,722,903
Total Expenses per Form 990$16,722,903
Expenses Not Reported on Form 990$2,527,423
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$49,873
Fundraising Direct Expenses$30,608
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Special Events$49,873$49,873$18,108$31,765
Total Events$49,873$49,873$30,608$19,265
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$56,390
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 similar 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
2018-10-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Spencer
Formed
1948
Legal Domicile
TX
Voting Board Members
26
Independent Board Members
21
Employees
1,376
Volunteers
1,385

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 77,802 pounds of computers and computer components which were recycled through the dell reconnect program.

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

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 2017, goodwill industries of south texas mission services division provided free job training, employment placement and other support services to 4,866 people throughout south texas. Goodwill operated three learning centers throughout its 20-county service area and secured steady employment for 285 program graduates. Through funding from the texas veterans commission, goodwill served over 115 coastal bend veterans through goodwill veteran services at year end. 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 73% of program graduates. Those placed averaged a wage of 9.57 per hour. Community support services provided to south texans included free income tax assistance to 1,035 individuals and families who earned under 60,000 through the volunteer income tax assistance (vita) program, community service restitution (1,108 people), clothing voucher program (1,035 people) and annual job fair (79 people). These 18,047 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.

Form 990, Part XI, Line 9

Cost of goods sold included in revenue 2,496,815 fundraising expenses included in revenue 30,608 cost of goods sold included in revenue -2,496,815 fundraising expenses included in revenue -30,608

Financial Statement Notes

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

Cost of goods sold included in revenue 2,496,815 fundraising expenses included in revenue 30,608

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

Cost of goods sold included in revenue 2,496,815 fundraising expenses included in revenue 30,608

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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 2017, OVER 14,706,000 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 1.17 MILLION TRANSACTIONS WERE MADE AND 388,027 PEOPLE GENEROUSLY DONATED THESE GOODS, KEEPING OVER TEN MILLION POUNDS OUT OF AREA LANDFILLS INCLUDING 77,802 POUNDS OF COMPUTERS AND COMPUTER COMPONENTS WHICH WERE RECYCLED THROUGH THE DELL RECONNECT PROGRAM.
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IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt27CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt28COO
IRS990/Form990PartVIISectionAGrp/TitleTxt29DIRECTOR OF
IRS990/Form990PartVIISectionAGrp/TitleTxt30VP MISSION S
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IRS990/OtherRevenueMiscGrp/Desc0REFUND/INCENTIVE
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IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt21349
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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