2017-07-06T07:53:41-05:00 2016-12-31 560574444 CHERRY BEKAERT LLP 1111 Metropolitan Ave Ste 1000 Charlotte NC 28204 990 2016-01-01 540884014 Goodwill Industries of the Valleys Inc GOOD 5405810620 2502 Melrose Ave NW Roanoke VA 24017 BRUCE PHIPPS PRESIDENT AND CEO 5405810620 2017-06-20 1 JANICE A RATICA P00358837 7043771678 68.142.180.174 2017-06-20 13:28:53 ED 56720420171350353e22 2017-05-15 P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 8E0118A2D78CC4B3215E9E542689DC78818A7208 2016 2021-01-29 14:40:06Z X BRUCE PHIPPS 2502 MELROSE AVENUE NW ROANOKE VA 24017 30973261 0 X WWW.GOODWILLVALLEYS.COM X 1970 VA HELPING PEOPLE AND FAMILIES IN OUR COMMUNITY ACHIEVE A BETTER LIFE THROUGH WORK AND INDEPENDENCE. 21 21 1059 800 0 0 9463808 8796507 11677494 12810821 301289 272749 6142058 5848676 27584649 27728753 0 0 0 0 13614507 13723099 0 0 409333 7745985 8352156 21360492 22075255 6224157 5653498 33371994 33800746 19825454 14189865 13546540 19610881 Goodwill provides work and training programs that empower youth, adults and seniors to achieve their greatest potential. Goodwill helps people who have disabilities, disadvantages or need to enhance skills to find a better job. 0 0 9309373 8798402 WORKFORCE DEVELOPMENT GOODWILL RECEIVES FEDERAL GRANTS DESIGNED TO ASSIST INDIVIDUALS WHO ARE LOW INCOME, DISLOCATED, OVER THE AGE OF 55, YOUTH THAT ARE AT-RISK, AND OTHER INDIVIDUALS WHO HAVE BARRIERS TO EMPLOYMENT. GOODWILL PROVIDES TRAINING AND EDUCATION TO PREPARE INDIVIDUALS FOR EMPLOYMENT OPPORTUNITIES AND TO HELP THEM FIND A JOB. THROUGH TRAINING AND EMPLOYMENT PROGRAMS, INDIVIDUALS ARE ABLE TO ACHIEVE THE PRIDE, DIGNITY, AND SELF-RESPECT THAT COMES FROM EARNING A PAYCHECK AND CONTRIBUTING TO THE COMMUNITY. 4372372 3702164 WORK TRAINING SERVICES GOODWILL PROCURES GRANTS FROM LOCAL, REGIONAL, AND NATIONAL FOUNDATIONS, COMPANIES, AND MUNICIPALITIES TO FUND PROGRAMS THAT HELP INDIVIDUALS GET BACK TO WORK AND GAIN GREATER INDEPENDENCE. INDIVIDUALS SERVED INCLUDE YOUTH, ADULTS, SENIORS WITH DISABILITIES, AND THOSE WITH OTHER BARRIERS TO EMPLOYMENT; SUCH AS PREVIOUS INCARCERATION, YOUTH WHO ARE AT-RISK OF DROPPING OUT OF SCHOOL, AND YOUTH WHO ARE IN THE JUVENILE JUSTICE SYSTEM. 845178 1018630 SOURCE AMERICA GOODWILL CONTRACTS WITH THE FEDERAL GOVERNMENT TO EMPLOY INDIVIDUALS WITH DISABILITIES AND OTHER BARRIERS TO EMPLOYMENT. THESE INDIVIDUALS PROVIDE JANITORIAL SERVICES IN LOCAL FEDERAL FACILITIES THUS ALLOWING THEM TO LIVE AND WORK INDEPENDENTLY. 14526923 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 80 0 1 1059 1 0 0 0 0 0 0 0 0 0 0 X 21 21 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 VA X THE CORPORATION 5405810620 2502 MELROSE AVE NW ROANOKE VA 24017 CHUCK KISER DIRECTOR 1.00 1.00 X 0 0 0 JOHN CAPPS DIRECTOR 1.00 1.00 X 0 0 0 Matthew Churchill DIRECTOR 1.00 1.00 X 0 0 0 Linda Edwards DIRECTOR 1.00 1.00 X 0 0 0 NATHANIEL MARSHALL DIRECTOR 1.00 1.00 X 0 0 0 SAM RASOUL DIRECTOR 1.00 1.00 X 0 0 0 ROY MARTIN DIRECTOR 1.00 1.00 X 0 0 0 Mike Flint DIRECTOR 1.00 1.00 X 0 0 0 EDWARD GARNER DIRECTOR 1.00 1.00 X 0 0 0 KHALED HASSOUNA DIRECTOR 1.00 1.00 X 0 0 0 WILL ANDREWS DIRECTOR 1.00 1.00 X 0 0 0 Robert Jeffrey Jr DIRECTOR 1.00 1.00 X 0 0 0 Camille Wright Miller DIRECTOR 1.00 1.00 X 0 0 0 DAN KARNES DIRECTOR 1.00 1.00 X 0 0 0 MAE HUFF DIRECTOR 1.00 1.00 X 0 0 0 Craig Parrent DIRECTOR 1.00 1.00 X 0 0 0 Melinda Payne DIRECTOR 1.00 1.00 X 0 0 0 Tara Branscom SECRETARY 1.00 1.00 X X 0 0 0 John Coker VICE CHAIR 1.00 1.00 X X 0 0 0 James Laub CHAIR 1.00 1.00 X X 0 0 0 HOWARD LYON TREASURER 1.00 1.00 X X 0 0 0 BRUCE PHIPPS PRESIDENT AND CEO 40.00 1.00 X 414337 0 34122 STEVEN KELLEY CFO 40.00 1.00 X 134470 0 7004 JACKSON G GREEN CHIEF OPERATIONS OFFICER 40.00 1.00 X 178776 0 14737 Deb Saunders Chief Compliance Officer 40.00 1.00 X 126337 0 10845 Frank Rogan Chief Development Officer 40.00 1.00 X 147073 0 6694 LINDA LAMONA SR. VICE PRESIDENT 40.00 1.00 X 160252 0 13494 Mary Ann Gilmer Vice President 40.00 1.00 X 126158 0 686 Kelly Coleman Vice President 40.00 1.00 X 114048 0 10057 Mindy Boyd Vice president 1.00 40.00 X 0 125973 3565 1401451 125973 101204 8 0 1 0 Marsh & McLennan Agency LLC PO Box 12748 Roanoke VA 24028 Consultation 346957 8 105060 8000000 691447 8796507 PROGRAM FEES 561300 12810821 12810821 12810821 166028 166028 3339350 5275 3237904 0 101446 5275 106721 106721 53607 5103 48504 48504 1501 -1501 -1501 GIVW - MANAGEMENT FEES 541610 4041748 4041748 GIVW - LEASE FEE 811000 907969 907969 GIVW - EXPENSE REIMBURSEMENT 561300 752196 752196 99760 99760 5801673 27728753 18610993 0 321253 X 896775 641069 255706 10485402 7495594 2723855 265953 111337 61235 42400 7702 1422180 1017169 381761 23250 807405 588683 201183 17539 2027 2027 154336 62669 91667 39424 39424 595694 242706 328988 24000 170801 9557 156310 4934 226170 220099 1025 5046 2419929 1134754 1253656 31519 414541 359035 46450 9056 -21478 10251 -31729 177118 177118 637029 49753 583174 4102 125258 54136 71122 PROGRAM EXPENSES 2081023 2081023 SUPPLIES 309092 188306 120786 Dues 104035 17124 86515 396 EQUIPMENT RENTAL 82892 43482 38114 1296 834265 250278 569447 14540 22075255 14526923 7138999 409333 501832 1336981 501446 211904 177958 2017944 2499159 198244 106107 34627133 13526279 21751852 21100854 7758407 8136965 39644 32060 390721 410662 33371994 33800746 1204065 1103180 551679 606168 960001 800001 17109709 11680516 19825454 14189865 X 13340010 19385019 206530 225862 13546540 19610881 33371994 33800746 5653498 192427 218416 0 X X 0 1 X 1 1 1 X 316499 571119 411226 9463808 8796507 19559159 316499 571119 411226 9463808 8796507 19559159 19559159 100703 298575 384334 467434 166028 1417074 47194 27237 106904 128783 53607 363725 21339958 83543872 0.91660 0.86940 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4348885 4348885 18582606 5309215 13273391 2521771 1906976 614795 7039300 5228701 1810599 2134571 1081387 1053184 21100854 WF MID TERM INVESTMENTS 3886163 F WF LONG TERM INVESTMENTS 4250802 F 8136965 current maturities 491108 DEBT-SOUTHERN BOND 58878 DUE TO AFFILIATES 7774200 Notes payable Fairlawn 3356330 11680516 X Part X, Line 2: The Organization qualifies under Section 501(c)(3) of the Internal Revenue Code (the "Code") and therefore is not subject to income tax under the present income tax laws. The Organization has been classified as a public charity under Sections 509(a)(1) and 170(b)(1)(A)(vi) of the Code. As a result, contributions to the Organization are deductible under Section 170 of the Code. Breakfast event 53607 53607 4388 715 53607 53607 4388 715 5103 48504 X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 BRUCE PHIPPS PRESIDENT AND CEO 259213 0 150227 0 4897 0 12409 0 21713 0 448459 0 0 0 JACKSON G GREEN CHIEF OPERATIONS OFFICER 166836 0 9000 0 2940 0 8606 0 6131 0 193513 0 0 0 Frank Rogan Chief Development Officer 138231 0 6750 0 2092 0 6548 0 146 0 153767 0 0 0 LINDA LAMONA SR. VICE PRESIDENT 149381 0 9000 0 1871 0 6376 0 7118 0 173746 0 0 0 Part I, Line 1a IF THE SPOUSE OR SIGNIFICANT OTHER IS INVOLVED IN THE BUSINESS PURPOSE OF THE TRIP, ONLY ACTUAL EXPENSES INCURRED BY THE ASSOCIATE FOR MEALS, ROOM, TRANSPORTATION, AND OTHER BUSINESS-RELATED EXPENSES WILL BE REIMBURSED. THE EXPENSE REPORTS ARE REVIEWED AND APPROVED BY THE CHIEF FINANCIAL OFFICER TWICE A YEAR AND THE AMOUNTS ARE INCLUDED AS TAXABLE FRINGE BENEFITS. Part I, Line 6 BONUS COMPENSATION OF PERSONS LISTED IN FORM 990, PART VII, SECTION A, LINE 1A WAS TO BE DETERMINED ON A SET AMOUNT PER OFFICER IF GOALS SET FORTH IN THE 2016 INCENTIVE COMPENSATION PLAN WERE MET. INCENTIVE PLANS INCLUDING GOALS AND AMOUNTS ARE APPROVED BY THE INDEPENDENT BOARD AT THE ONSET OF THE YEAR AND ARE ACCRUED THROUGHOUT THE YEAR BASED ON PROGRESS. BY MID-YEAR 2016, THE OFFICERS AND EMPLOYEES COVERED BY THE 2016 BONUS COMPENSATION PLAN UNANIMOUSLY AGREED TO SET THE PLAN ASIDE AND RECEIVE NO BONUS COMPENSATION FOR 2016 DUE TO THE TURBULENT AND UNPREDICTABLE BUSINESS PATTERN THAT THE ORGANIZATION WAS ENCOUNTERING. Part II, Column B ALL OF THE BONUS AND INCENTIVE COMPENSATION PAID IN 2016 WAS ACCRUED IN AND ATTRIBUTABLE TO TAX YEARS PRIOR TO 2016. ADDITIONALLY, $118,727 OF THE INCENTIVE COMPENSATION PAID TO THE PRESIDENT AND CEO IN 2016 WAS FROM AN EXECUTIVE RETENTION PLAN SIGNED IN 2011 COVERING THE 5-YEAR PERIOD OF 2011 THROUGH 2015, PAID IN 2016. FORM 990, SECTION B Form 990 is being amended to include additional highest compensated employees to Part VII, Section A; Mary Ann Gilmer, Mindy Boyd, and Linda Lamona. Form 990, Part VI, Section B, line 11b THE INDEPENDENT AUDIT AND COMPLIANCE COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS THE FORM 990 BEFORE IT IS SIGNED BY THE CEO AND ELECTRONICALLY SUBMITTED TO THE IRS. THE FORM 990 IS DISTRIBUTED TO ALL BOARD MEMBERS BEFORE FILING THE RETURN. Form 990, Part VI, Section B, line 12c ALL BOARD MEMBERS, senior leadership team members, and director-level employees MUST COMPLETE AND SIGN A DISCLOSURE FORM ANNUALLY THAT STATES THEY HAVE READ, AGREE WITH, AND ABIDE BY THE ORGANIZATION'S CONFLICT OF INTEREST POLICY. Any governing Board member having a duality of interest or possible conflict of interest on any matter should not vote or use his/her personal influence on the matter, and he/she should not be counted in determining the quorum for the meeting, even when permitted by law. The minutes of the meeting should reflect that a disclosure was made, the abstention from voting, and the quorum situation. Form 990, Part VI, Section B, line 15 THE COMPENSATION COMMITTEE IS APPOINTED BY THE BOARD AND MADE UP OF INDEPENDENT MEMBERS OF THE BOARD OF DIRECTORS. IT IS RESPONSIBLE FOR DETERMINING THE COMPENSATION OF THE PRESIDENT & CEO WHO HAS OVER 40 YEARS OF LEADERSHIP EXPERIENCE WITH GOODWILL. THE COMMITTEE USES AN ANNUAL MARKET SALARY STUDY FROM A THIRD PARTY THAT COMPARES POSITIONS BY INDUSTRY, GEOGRAPHIC SCOPE, AND ANNUAL REVENUE FOR BASE SALARY AND TOTAL COMPENSATION. A REVIEW OF THE PREVIOUS YEAR'S OUTCOMES, PERFORMANCE, AND GOALS ATTAINED ARE ALSO CONSIDERED DURING THE PERFORMANCE AND COMPENSATION REVIEW. DISCUSSIONS OF COMPENSATION ARE RECORDED IN THE BOARD MINUTES. Form 990, Part VI, Section C, line 19 GOODWILL MAKES GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART IX, COLUMN C: MANAGEMENT EXPENSES: THE ORGANIZATION INCLUDES THE ADMINISTRATIVE EXPENSES FOR THE RELATED ENTITY GOODWILL INDUSTRIES OF THE VALLEY WORKS (27-0953369). THE MANAGEMENT TO TOTAL EXPENSE RATIO PER THE AUDITED FINANCIAL STATEMENTS IS 10.28% IN THE CURRENT YEAR. FORM 990, PART XII, LINE 2B: GOODWILL INDUSTRIES OF THE VALLEYS, INC. PREPARES CONSOLIDATED FINANCIAL STATEMENTS WHICH ARE AUDITED BY AN INDEPENDENT ACCOUNTING FIRM. GOODWILL INDUSTRIES OF THE VALLEYS, INC. IS CONSOLIDATED WITH GOODWILL INDUSTRIES OF THE VALLEYS WORKS WHICH IS REPORTED ON A SEPARATE 990 FORM. FORM 990, PART XII, LINE 2C: THE INDEPENDENT AUDIT AND COMPLIANCE COMMITTEE OF THE BOARD OF DIRECTORS IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT. THEY MEET WITH THE AUDITORS PRIOR TO THE COMMENCEMENT OF THE ANNUAL AUDIT; THEY ALSO REVIEW THE AUDITED FINANCIALS WHEN THEY ARE COMPLETED BY THE INDEPENDENT AUDITORS. AFTER REVIEW AND ACCEPTANCE, THE FINANCIALS ARE DISTRIBUTED TO ALL BOARD MEMBERS. THE PERFORMANCE OF THE EXTERNAL AUDITORS IS DISCUSSED ANNUALLY, AND WHEN NECESSARY, THIS SAME COMMITTEE IS INVOLVED IN THE RFP FOR SERVICES, INCLUDING THE REVIEW OF PROPOSALS AND SELECTION OF THE WINNING PROPOSAL. GOODWILL INDUSTRIES OF THE VALLEY WORKS 2502 MELROSE AVENUE NW ROANOKE VA 24017 270953369 CHARITABLE ACTIVITY VA 501(C)(3) LINE 11B GOODWILL INDUSTRIES OF THE VALLEYS INC 1 0 0 0 0 1 0 0 0 0 1 0 1 1 1 1 0 0 0 1 GOODWILL INDUSTRIES OF THE VALLEY WORKS E 7774200 INTERCOMPANY BALANCES GOODWILL INDUSTRIES OF THE VALLEY WORKS J 907969 EXPENSES INCURRED GOODWILL INDUSTRIES OF THE VALLEY WORKS L 4041748 MANAGEMENT EXPENSES GOODWILL INDUSTRIES OF THE VALLEY WORKS S 2107767 eXPENSES INCURRED PART II, LINE 1B RAISE FUNDS TO SUPPORT GOODWILL PROGRAMS AND SERVICES THAT PROVIDE A HAND UP, NOT A HAND OUT, TO INDIVIDUALS WHO ARE IN NEED OF GOODWILL SERVICES TO GET BACK TO WORK, FIND A BETTER JOB, OR GAIN GREATER INDEPENDENCE. INDIVIDUALS SERVED HAVE VARIOUS BARRIERS TO EMPLOYMENT INCLUDING DISABILITIES, LACKING SKILLS, LOW INCOME, PRIOR INCARCERATIONS, AT-RISK OF DROPPING OUT OF SCHOOL, OR INVOLVEMENT WITH THE JUVENILE JUSTICE SYSTEM.