THE GOODWILL INDUSTRIES OF AKRON OHIO INC

EIN: 340252230 501(c)(3)

AKRON, OH

Total Revenue
$27,163,477
Total Expenses
$27,279,916
Total Assets
$31,297,357
Net Assets
$20,411,046
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Organization Details

Formation Year
1927
Legal Domicile
OH
Principal Officer
NANCY ELLIS MCCLENAGHAN
Phone
3307246995
Tax Period
2024-01-01 to 2024-12-31

THE GOODWILL INDUSTRIES OF AKRON OHIO INC, founded in 1927, is a mid-sized nonprofit that reported $27.2M in total revenue in fiscal year 2024.

Mission

GOODWILL INDUSTRIES OF AKRON, OHIO, INC IS A NOT-FOR-PROFIT CORPORATION THAT HELPS INDIVIDUALS PREPARE FOR, FIND, AND RETAIN EMPLOYMENT. GOODWILL SERVES THE FIVE-COUNTY REGION OF SUMMIT, PORTAGE, MEDINA, ASHLAND, AND RICHLAND. GOODWILL HELPS TO DIRECTLY STRENGTHEN THE REGION'S WORKFORCE THROUGH ITS EMPLOYMENT PROGRAMS AND INDIRECTLY THROUGH THE NET PROCEEDS FROM ITS RETAIL OUTLETS AND CONTRACT SERVICES DIVISION.

Program Service Accomplishments

Program 1
Expenses: $20,006,058 Revenue: $17,539,040

ITEMS ARE DONATED FROM GENEROUS DONORS THROUGH ITS RETAIL STORES, ATTENDED DONATION SITES, AND THROUGH ESTATE OR HOME PICKUPS. THE ITEMS ARE SOLD IN ITS 14 RETAIL STORES, BOUTIQUE, ONLINE THROUGH...

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ITEMS ARE DONATED FROM GENEROUS DONORS THROUGH ITS RETAIL STORES, ATTENDED DONATION SITES, AND THROUGH ESTATE OR HOME PICKUPS. THE ITEMS ARE SOLD IN ITS 14 RETAIL STORES, BOUTIQUE, ONLINE THROUGH SHOPGOODWILL.COM, EBOOKS, OR AUTO AUCTIONS. ITEMS THAT DO NOT SELL IN RETAIL LOCATIONS ARE SOLD THROUGH AN OUTLET STORE. REMAINING UNSOLD DONATIONS ARE SOLD AS SALVAGE TO KEEP ITEMS FROM THE TRASH, AS WELL AS EARNING DOLLARS TO PROMOTE THE MISSION. A TOTAL OF 115 WORK EXPERIENCE, WORK ADJUSTMENT, AND VOCATIONAL EVALUATION CLIENTS PARTICIPATED IN TRAINING OR EMPLOYMENT EXPERIENCE IN THE RETAIL AREA IN 2024.

Program 2
Expenses: $2,553,949 Revenue: $1,403,344

MISSION SERVICES INCLUDES A VAST ARRAY OF EMPLOYEE/EMPLOYER SERVICES FOR THE CAREER/JOB-SEEKER. THE GOODWILL INDUSTRIES OF AKRON, OHIO, INC. OFFERS CAREER EXPLORATION, ADVISING SERVICES, RESUME AND...

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MISSION SERVICES INCLUDES A VAST ARRAY OF EMPLOYEE/EMPLOYER SERVICES FOR THE CAREER/JOB-SEEKER. THE GOODWILL INDUSTRIES OF AKRON, OHIO, INC. OFFERS CAREER EXPLORATION, ADVISING SERVICES, RESUME AND INTERVIEW PREPARATION, AS WELL AS SKILL IDENTIFICATION. FOR THE BUSINESS/EMPLOYER, WE OFFER RECRUITING, APPLICANT SCREENING, AND PRE-EMPLOYMENT TESTING. FOR THOSE IN NEED OF MORE INTENSIVE SERVICES, GOODWILL OFFERS THE FOLLOWING INDIVIDUALIZED SERVICES: ASSESSMENTS, ADJUSTMENTS, EVALUATIONS FOR INDIVIDUALS WITH VISUAL IMPAIRMENTS, JOB COACHING, PLACEMENT AND RETENTION, WORK EXPERIENCE, AND YOUTH PROGRAMS. WORKFORCE DEVELOPMENT ALSO HOSTS A RADIO READING PROGRAM SERVING THE VISUALLY IMPAIRED OR COGNITIVELY CHALLENGED IN THE AREA. THE ELIZABETH CLARK PROGRAM SERVES THOSE IN NEED IN OUR AREA WITH VOUCHERS TO OUR RETAIL LOCATIONS DURING 2024. WORKFORCE DEVELOPMENT REFERRED 610 PARTICIPANTS FOR PLACEMENT AND PLACED 560. IN TOTAL, IT SERVED 15,909 INDIVIDUALS, IN ADDITION TO 560 RECEIVING PLACEMENT SERVICES, 182 RECEIVED VOCATIONAL EVALUATIONS, ASSESSMENTS, AND ADJUSTMENTS; 387 PARTICIPATED IN YOUTH PROGRAMS; 49 PARTICIPATED IN WORK EXPERIENCE; 353 PARTICIPATED IN JOB SKILL CLASSES, WORKSHOPS, AND JOB FAIRS; 5,260 RECEIVED JOB SEARCH ASSISTANCE AND EMPLOYER SERVICES, INCLUDING RECRUITMENT, SCREENING, TESTING, TRAINING AND OUTPLACEMENT; 113 RECEIVED JOB COACHING SERVICES; 9,005 RECEIVED OTHER SERVICES INCLUDING BUS PASSES, ELIZABETH CLARK EMERGENCY FUND GIFT CARDS, AND RADIO READING.

Program 3
Expenses: $2,191,829 Revenue: $2,447,095

CONTRACT SERVICES INCLUDES ASSEMBLY OPERATIONS AND INDUSTRIAL SEWING AND IS CERTIFIED TO ISO 9001 2015. IT IS A PARTICIPANT IN THE STATE USE PROGRAM, PROVIDING ITEMS SUCH AS SAFETY VESTS, TOWELS...

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CONTRACT SERVICES INCLUDES ASSEMBLY OPERATIONS AND INDUSTRIAL SEWING AND IS CERTIFIED TO ISO 9001 2015. IT IS A PARTICIPANT IN THE STATE USE PROGRAM, PROVIDING ITEMS SUCH AS SAFETY VESTS, TOWELS, WASHCLOTHS, APRONS AND LAUNDRY BAGS. ITS SEWING DEPARTMENT ALSO OFFERS CUSTOMIZED INDUSTRIAL SEWING FOR AREA BUSINESSES. ASSEMBLY OPERATIONS OFFERS LOCAL BUSINESSES WITH INDIVIDUALIZED ASSEMBLY NEEDS, SUCH AS COLLATING, DIE-CUTTING, HEAT SHRINKING, PACKAGING, KITTING, DE-MANUFACTURING, RE-WORK, SORTING, LABELING AND PROTOTYPING . 3 INDIVIDUALS IN WORK EXPERIENCE, VOCATIONAL EVALUATION, AND WORK ADJUSTMENT WERE PROVIDED TRAINING OR EMPLOYMENT EXPERIENCE IN 2024 THROUGH THE CONTRACTS DIVISION.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $4,871,692
Program Service Revenue $21,389,479
Investment Income $820,507
Other Revenue $81,799
TOTAL REVENUE $27,163,477

Expense Breakdown

Grants Paid $80,775
Salaries & Benefits $13,863,675
Fundraising Expenses $73,100
Program Expenses $24,751,836
Other Expenses $13,335,466
TOTAL EXPENSES $27,279,916

Year-over-Year Comparison

2024 2023 Change
Revenue $27,163,477 $27,433,380 0.0%
Expenses $27,279,916 $26,983,826 +0.0%
Net Income $-116,439 $449,554 -1.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
28
Independent Members
28
Employees
956
Volunteers
144

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
15
$749,504
Total Directors
34
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARC SERVODIO CFP CHAIR UNTIL 4/24 1.00
Officer Director
$0 $0 $0
JEANA M SINGLETON CHAIR BEGINNING 4/2024 1.00
Officer Director
$0 $0 $0
JULIE KATZ 1ST VICE CHAIR BEGINNING 4/24 1.00
Officer Director
$0 $0 $0
SUSAN HANLON PH D 2ND VICE CHAIR UNTIL 4/24 1.00
Officer Director
$0 $0 $0
AMANDA BARNA 2ND VICE CHAIR BEGINNING 4/24 1.00
Officer Director
$0 $0 $0
DAVID BUCCI TREASURER 1.00
Officer Director
$0 $0 $0
KIMBERLY D HUFF SECRETARY UNTIL 4/24 1.00
Officer Director
$0 $0 $0
LAURA JUDGE SECRETARY BEGINNING 4/24 1.00
Officer Director
$0 $0 $0
ABDULLAH ALKHULAIWI DIRECTOR 1.00
Director
$0 $0 $0
KRISTEN HOLBERT BEYNON DIRECTOR 1.00
Director
$0 $0 $0
DANIEL C BUSER ESQ CPCU DIRECTOR UNTIL 4/24 1.00
Director
$0 $0 $0
LYNN M CLARK DIRECTOR 1.00
Director
$0 $0 $0
EDWARD CLUPPER II DIRECTOR UNTIL 4/24 1.00
Director
$0 $0 $0
CHARLES E DUCEY JR DIRECTOR 1.00
Director
$0 $0 $0
BRADLEY M GILBO DIRECTOR 1.00
Director
$0 $0 $0
LEA JALBERT MBA DIRECTOR 1.00
Director
$0 $0 $0
GRETA JOHNSON DIRECTOR 1.00
Director
$0 $0 $0
MATT KELLY DIRECTOR 1.00
Director
$0 $0 $0
STEVEN T KIRKLAND DIRECTOR 1.00
Director
$0 $0 $0
DOUGLAS KLEIN CPA EA DIRECTOR UNTIL 4/24 1.00
Director
$0 $0 $0
JOSEPH MANOLAS CPA DIRECTOR UNTIL 4/24 1.00
Director
$0 $0 $0
ALYSSA MCCLAIN CPA MTAX DIRECTOR 1.00
Director
$0 $0 $0
CHRISSY MYERS DIRECTOR 1.00
Director
$0 $0 $0
MORGAN E PARKE DIRECTOR 1.00
Director
$0 $0 $0
VICKI SHEPHERD DIRECTOR 1.00
Director
$0 $0 $0
DIANE SMITH DIRECTOR UNTIL 1/24 1.00
Director
$0 $0 $0
JEFF STEVENSON DIRECTOR 1.00
Director
$0 $0 $0
BARBARA SNYDER ABRM CRS E-PRO GRE DIRECTOR 1.00
Director
$0 $0 $0
STEVE C SWANN CPAABV CFE DIRECTOR 1.00
Director
$0 $0 $0
TIFFANY TESTA DIRECTOR 1.00
Director
$0 $0 $0
KEVIN THOMPSON DIRECTOR 1.00
Director
$0 $0 $0
HATTIE M TRACY MSW LISW-S LCDCIII DIRECTOR 1.00
Director
$0 $0 $0
KELLY N WIERZCHOWSKI DIRECTOR 1.00
Director
$0 $0 $0
CHARLES A ZONFA MD MBA DIRECTOR 1.00
Director
$0 $0 $0
NANCY ELLIS MCCLENAGHAN PRESIDENT & CEO 40.00
Officer
$163,722 $28,521 $192,243
DOROTHEA NALL VP, RETAIL OPERATIONS 40.00
Officer
$114,279 $27,819 $142,098
CHERYL WATKINS VP, OPERATIONS & LOGISTICS 40.00
Officer
$102,984 $22,567 $125,551
LAURA WALKER VP, MISSION SERVICES 40.00
Officer
$106,088 $43,470 $149,558
JUDITH BECKER DIR. OF FIN. RPTG & ACCT. UNTIL 3/24 40.00
Officer
$24,553 $3,177 $27,730
PATRICK OSUCH DIR. OF FIN. RPTG & ACCT. BEG. 4/24 40.00
Officer
$65,718 $6,566 $72,284
DEBRA C FURGERSON DIR. OF FIN. RPTG & ACCT. 15.00
Officer
$37,074 $2,966 $40,040
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $27,163,477 $27,279,916 $31,297,357 $-116,439
2023 $27,433,380 $26,983,826 $25,997,809 $449,554
2022 $27,203,067 $26,754,187 $24,270,955 $448,880
2021 $25,945,292 $24,438,506 $23,172,815 $1,506,786
2020 $24,344,733 $19,283,278 $20,938,596 $5,061,455
2019 $18,861,238 $18,489,927 $15,373,048 $371,311
2018 $18,306,413 $18,122,290 $13,961,764 $184,123
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