GOODWILL OF CENTRAL AND COASTAL VIRGINIA INC

EIN: 540455395 501(c)(3) Employment

RICHMOND, VA

Total Revenue
$66,501,683
Total Expenses
$63,253,543
Total Assets
$112,870,819
Net Assets
$90,627,113
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1945
Legal Domicile
VA
Principal Officer
MARK A BARTH
Phone
8047456300
Tax Period
2023-01-01 to 2023-12-31

GOODWILL OF CENTRAL AND COASTAL VIRGINIA INC, founded in 1945, is a mid-sized nonprofit in the Employment sector that reported $66.5M in total revenue in fiscal year 2023. Expenses of $63.3M left a modest 5% surplus.

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)...

Program Service Accomplishments

Program 1
Expenses: $152,412 Revenue: $15,200

WORKFORCE DEVELOPMENT SERVICESGOODWILL PROVIDES PROGRAMS TO ASSIST JOB SEEKERS FACING CHALLENGES TO EMPLOYMENT OBTAIN, MAINTAIN AND GROW SUSTAINABLE CAREERS. THE ORGANIZATION ALSO PROVIDES ONGOING...

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WORKFORCE DEVELOPMENT SERVICESGOODWILL PROVIDES PROGRAMS TO ASSIST JOB SEEKERS FACING CHALLENGES TO EMPLOYMENT OBTAIN, MAINTAIN AND GROW SUSTAINABLE CAREERS. THE ORGANIZATION ALSO PROVIDES ONGOING SERVICES TO INDIVIDUALS WITH DISABILITIES. THROUGH ITS CAREER DEVELOPMENT INSTITUTE AND GOODWILL ACADEMY, INDIVIDUALS CAN EARN A PAYCHECK WHILE RECEIVING PAID, ON-THE-JOB TRAINING. SERVICES AND TRAININGS OFFERED THROUGH THE CAREER DEVELOPMENT INSTITUTE AND GOODWILL ACADEMY INCLUDE SOFT SKILLS, LIFE SKILLS, CUSTOMER SERVICE TRAINING, AND ONE-ON-ONE CAREER ADVISING AND PLANNING.CAREER DEVELOPMENT INSTITUTE ( GOODWILL ACADEMY)

Program 2
Expenses: $47,978,537 Revenue: $36,144,205

DONATED GOODS--THROUGH OUR DONATED GOODS SOCIAL ENTERPRISE, GOODWILL COLLECTS, PROCESSES AND RESELLS DONATED ITEMS IN ORDER TO PROVIDE AND SUSTAIN WORKFORCE DEVELOPMENT SERVICES. GOODWILL'S TERRITORY...

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DONATED GOODS--THROUGH OUR DONATED GOODS SOCIAL ENTERPRISE, GOODWILL COLLECTS, PROCESSES AND RESELLS DONATED ITEMS IN ORDER TO PROVIDE AND SUSTAIN WORKFORCE DEVELOPMENT SERVICES. GOODWILL'S TERRITORY ENCOMPASSES 44 CITIES AND COUNTIES IN WHICH WE OPERATE 34 RETAIL STORES-ALL OF WHICH ACCEPT DONATED GOODS-AS WELL AS 6 FREE-STANDING ATTENDED DONATION CENTERS. GOODWILL ALSO OPERATES THREE RETAIL OUTLETS THAT SELL GOODS BY THE POUND, AS WELL AS TWO ELECTRONICS RETAIL STORES. GOODWILL RESELLS GOODS THAT DO NOT SELL IN THE RETAIL ENVIRONMENT TO BUYERS OF TEXTILES, PLASTICS, METALS AND PAPER, AND PROVIDES A BROKERING SERVICE TO SEVERAL OTHER GOODWILLS TO RESELL UNSOLD ITEMS, AND ALSO SELLS ITEMS BY LIVE AUCTION. IN 2023, GOODWILL PROCESSED MORE THAN 54,000,000 POUNDS OF GOODS AND KEPT 22,000,000 POUNDS OUT OF LANDFILLS, INCLUDING IN EXCESS OF 1 MILLION POUNDS OF ELECTRONICS.

Program 3
Expenses: $2,203,746 Revenue: $1,559,046

COMMERCIAL AND GOVERNMENT SERVICES--GOODWILL PROVIDES JOB TRAINING AND EMPLOYMENT TO PEOPLE WITH DISABILITIES AND OTHER CHALLENGES THROUGH ITS RELATED ENTITY, GOODWILL SERVICES, INC. (GSI), WHICH...

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COMMERCIAL AND GOVERNMENT SERVICES--GOODWILL PROVIDES JOB TRAINING AND EMPLOYMENT TO PEOPLE WITH DISABILITIES AND OTHER CHALLENGES THROUGH ITS RELATED ENTITY, GOODWILL SERVICES, INC. (GSI), WHICH PROVIDES SERVICES UNDER CONTRACTS WITH GOVERNMENT AND COMMERCIAL ENTERPRISES. IN 2022, GSI OPERATED 4 FEDERAL "ABILITY ONE" CONTRACTS AT 13 SITES INCLUDING MILITARY INSTALLATIONS, FEDERAL COURTHOUSES AND THE INTERNAL REVENUE SERVICE. SERVICES INCLUDE JANITORIAL, WAREHOUSING, LOGISTICS AND SUPPLY FULFILLMENT.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $27,811,717
Program Service Revenue $37,718,451
Investment Income $221,062
Other Revenue $750,453
TOTAL REVENUE $66,501,683

Expense Breakdown

Grants Paid $4,502
Salaries & Benefits $41,810,585
Fundraising Expenses $0
Program Expenses $50,334,695
Other Expenses $21,438,456
TOTAL EXPENSES $63,253,543

Year-over-Year Comparison

2023 2022 Change
Revenue $66,501,683 $66,604,414 0.0%
Expenses $63,253,543 $58,361,557 +0.1%
Net Income $3,248,140 $8,242,857 -0.6%
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
20
Independent Members
20
Employees
1801
Volunteers
N/A

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
7
$411,189
Total Directors
20
$0
Key Employees
1
$267,017
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BENJAMIN C ACKERLY ESQ DIRECTOR 1.00
Director
$0 $0 $0
EV CLARKE DIRECTOR 1.00
Director
$0 $0 $0
BILLY FOSTER DIRECTOR 1.00
Director
$0 $0 $0
JESSE GOODRICH DIRECTOR 1.00
Director
$0 $0 $0
DREXEL HARRIS DIRECTOR 1.00
Director
$0 $0 $0
JOHN C IVINS JR DIRECTOR 1.00
Director
$0 $0 $0
DAVID MODENA DIRECTOR 1.00
Director
$0 $0 $0
DAVID NELMS DIRECTOR 1.00
Director
$0 $0 $0
CHRISTOPHER E ROUZIE DIRECTOR 1.00
Director
$0 $0 $0
BRADFORD B SAUER DIRECTOR 1.00
Director
$0 $0 $0
W SCOTT SIMS DIRECTOR 1.00
Director
$0 $0 $0
MARK SCHULER DIRECTOR 1.00
Director
$0 $0 $0
JAMES W THEOBALD ESQ DIRECTOR 1.00
Director
$0 $0 $0
WESLEY H WATKINS DIRECTOR 1.00
Director
$0 $0 $0
NHU YEARGIN DIRECTOR 1.00
Director
$0 $0 $0
MARIA P RASMUSSEN ESQUIRE IMMED PAST CHAIR 1.00
Officer Director
$0 $0 $0
RICHARD COUGHLAN CHAIR 1.00
Officer Director
$0 $0 $0
THOMAS C KLEINE ESQ VICE CHAIR 1.00
Officer Director
$0 $0 $0
LESLIE TAYLOR SECRETARY 1.00
Officer Director
$0 $0 $0
KATIE STRADER ASSIT TREASURER 1.00
Officer Director
$0 $0 $0
J CHARLES LINK TREASURER 1.00
Officer
$0 $0 $0
MARK BARTH PRESIDENT & CEO 40.00
Officer
$411,189 $0 $411,189
DESMOND CARTER COO 40.00
Key Emp
$267,017 $0 $267,017
JOHN LEOPOLD VP ENTERPRISE SUPPORT 40.00
Highest
$219,372 $0 $219,372
STEPHEN HUYCK VP SERVICES 40.00
Highest
$173,119 $0 $173,119
ALETA SHELTON VP COMMUNITY ENGAGEMENT 40.00
Highest
$165,809 $0 $165,809
EVERETT SHUPE VP LEADERSHIP & WORKFOCE DEV 40.00
Highest
$149,321 $0 $149,321
LAURA FAISON CHIEF MARKETING OFFICER 40.00
Highest
$173,902 $0 $173,902
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 No data No data No data No data
2023 $66,501,683 $63,253,543 $112,870,819 $3,248,140
2022 $66,604,414 $58,361,557 $132,658,441 $8,242,857
2021 $64,066,078 $54,700,151 $105,082,511 $9,365,927
2020 $54,472,471 $47,855,220 $100,077,271 $6,617,251
2019 $58,284,670 $52,235,316 $93,533,805 $6,049,354
2018 $56,516,407 $51,680,082 $89,007,038 $4,836,325
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