2016-05-12T10:33:51-05:00 2015-12-31 560574444 CHERRY BEKAERT LLP 410 First Street SW Roanoke VA 24011 990 2015-01-01 270953369 Goodwill Industries of the Valley Works GOOD 5405810620 2502 Melrose Ave NW Roanoke VA 24017 BRUCE PHIPPS PRESIDENT AND CEO 5405810620 2016-05-10 1 JANICE A RATICA P00358837 5403426911 2015 2016-09-27 15:27:22Z BRUCE PHIPPS 2502 MELROSE AVE NW ROANOKE VA 24017 40964692 0 X WWW.GOODWILLVALLEYS.COM X 2009 VA HELPING PEOPLE AND FAMILIES IN OUR COMMUNITY ACHIEVE A BETTER LIFE THROUGH WORK AND INDEPENDENCE. 21 21 1490 32 0 0 35639170 32583218 0 3542815 13000 12972 1545553 1976508 37197723 38115513 0 0 0 0 17080725 17365362 0 0 0 16388219 25978813 33468944 43344175 3728779 -5228662 21886746 16739154 1252943 1334013 20633803 15405141 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 38469683 DONATED GOODS- THE ORGANIZATION OPERATES RETAIL-TYPE THRIFT STORES AND COLLECTION CENTERS THAT PROCESS AND SELL DONATED GOODS SUCH AS LIGHTLY USED CLOTHING, SHOES, TOYS, HOME WARES AND VARIOUS OTHER ITEMS. AS THESE ITEMS ARE SOLD TO THE PUBLIC, THEY PROVIDE FUNDING FOR THE MISSION-BASED OPERATIONS AND ACTIVITIES OF BOTH GOODWILL INDUSTRIES OF THE VALLEY WORKS AND ITS PARENT COMPANY, GOODWILL INDUSTRIES OF THE VALLEYS, INC. 3515241 3542815 COMMERCIAL SERVICES- THE ORGANIZATION EMPLOYS INDIVIDUALS WITH MENTAL AND PHYSICAL DISABILITIES, AS WELL AS OTHER BARRIERS TO EMPLOYMENT, TO PROVIDE JANITORIAL AND OTHER SERVICES AND TO MANUFACTURE AND/OR PACKAGE CERTAIN PRODUCTS UNDER CONTRACTS WITH THIRD-PARTY COMPANIES AND ORGANIZATIONS. 1359251 SALVAGE- NEARLY ALL DONATED GOODS (SEE 4a ABOVE) THAT ARE NOT SOLD TO THE PUBLIC WITHIN A REASONABLE TIME ARE GATHERED AND SOLD TO THIRD PARTY COMPANIES ON A PER POUND BASIS. THESE COMPANIES THEN RECYCLE OR RE-USE THESE ITEMS. THESE SALVAGE OPERATIONS ALSO ALLOW THE ORGANIZATION TO EMPLOY INDIVIDUALS WHO OTHERWISE HAVE BARRIERS TO EMPLOYMENT. 43344175 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 56 0 1 1490 1 0 0 0 0 0 0 0 0 0 1 0 X 21 21 0 0 0 0 0 0 0 1 1 0 0 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 JAMES LAUB DIRECTOR 1.00 1.00 X 0 0 0 JEFFREY A VAN DOREN 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 LEWIS BISHOP 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 TARA BRANSCOM DIRECTOR 1.00 1.00 X 0 0 0 JOHN COKER 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 NEIL BIRKHOFF SECRETARY 1.00 1.00 X X 0 0 0 RHONDA SHANNON VICE CHAIR 1.00 1.00 X X 0 0 0 HARVEY BROOKINS JR 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 1.00 40.00 X 0 305922 70240 STEVEN KELLEY CFO 1.00 40.00 X 0 117567 5743 JACKSON G GREEN CHIEF OPERATIONS OFFICER 1.00 40.00 X 0 171282 14235 PHIL JONES SR. VICE PRESIDENT 1.00 40.00 X 0 160285 13763 Deb Saunders Chief Compliance Officer 1.00 40.00 X 0 106721 11582 Mindy Boyd Vice President 40.00 1.00 X 127834 0 3637 Kelly Coleman Vice President 1.00 40.00 X 0 107580 10317 Linda lamona sr. VICE PRESIDENT 0.00 40.00 X 0 150437 13087 mary ann gilmer vice president 0.00 40.00 X 0 121006 677 frank rogan chief development officer 0.00 40.00 X 0 114975 5209 127834 1355775 148490 1 0 1 0 Ryder Transportation Services PO Box 402366 Atlanta GA 303842366 TRANSPORTATION SERVICES 320570 Fleet Services PO Box 6293 Carol Stream IL 601976293 TRANSPORTATION SERVICES 309130 Verizon Wireless PO Box 25505 Lehigh Valley PA 180025505 Telecommunications 126289 Goodwill of Central Virginia 6301 Midlothian Turnpike Richmond VA 23225 Commission 100917 4 32583218 32559852 32583218 commercial services 900099 3542815 3542815 3542815 12972 0 12972 12972 12972 4671465 2849179 1822286 1822286 MISCELLANEOUS REVENUE 561300 154222 154222 154222 38115513 3697037 0 1835258 X 13507494 13507494 80087 80087 2645920 2645920 1131861 1131861 4109573 4109573 193 193 157387 157387 13538 13538 27686 27686 831995 831995 8034437 8034437 766550 766550 251540 251540 9008411 9008411 7715 7715 256042 256042 DIRECT EXPENSE 1239530 1239530 GIV - LEASE FEES 916017 916017 Freight & Shipping 216190 216190 DIRECT SUPPLIES & MATER 94553 94553 47456 47456 43344175 43344175 0 0 3592085 2644113 6798 12635 839052 680547 197228 210701 431430 436554 16820153 12754604 21886746 16739154 1234943 1334013 18000 0 1252943 1334013 X 20633803 15405141 20633803 15405141 21886746 16739154 -5228662 0 X X 0 1 X 1 0 X X X 1 GOODWILL INDUSTRIES 540884014 7 1 10334615 0 1 10334615 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 DUE FROM AFFILIATE 12702606 DEPOSITS 51998 12754604 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)(3) of the Code. As a result, contributions to the Organization are deductible under Section 170 of the Code. 0 1 0 0 0 1 1 0 0 BRUCE PHIPPS PRESIDENT AND CEO 0 263237 0 36000 0 6685 0 49382 0 20858 0 376162 0 0 JACKSON G GREEN CHIEF OPERATIONS OFFICER 0 159447 0 9000 0 2835 0 8412 0 5823 0 185517 0 0 PHIL JONES SR. VICE PRESIDENT 0 145946 0 9000 0 5339 0 6725 0 7038 0 174048 0 0 Linda lamona sr. VICE PRESIDENT 0 139228 0 9000 0 2209 0 6016 0 7071 0 163524 0 0 Part I, Line 3 ALL COMPENSATION FOR THE CEO AND THE EXECUTIVE TEAM ARE PAID BY THE RELATED ORGANIZATION, GOODWILL INDUSTRIES OF THE VALLEYS INC. THE COMPENSATION IS APPROVED BY A COMPENSATION COMMITTEE COMPRISED OF INDEPENDENT BOARD MEMBERS. THE COMMITTEE RECEIVES AN ANNUAL MARKET VALUATION OF COMPENSATION FROM AN INDEPENDENT THIRD PARTY PROVIDER. COMPARISONS ARE CONCENTRATED ON TOP POSITIONS AT TAX-EXEMPT ORGANIZATIONS WITH AN OPERATING BUDGET OF APPROXIMATELY $45-50 MILLION. Part I, Line 4b The CEO received a contribution to a 457f plan in the amount of $36,000. Part I, Line 6 BONUS COMPENSATION OF PERSONS LISTED IN FORM 990,PART VII, SECTION A, LINE 1A IS DETERMINED ON A SET AMOUNT PER OFFICER IF ALL GOALS SET FORTH IN THE 2015 INCENTIVE COMPENSATION PLAN ARE MET.INCENTIVE PLANS INCLUDING AMOUNTS AND GOALS ARE APPROVED BY THE INDEPENDENT BOARD AT THE ONSET OF THE YEAR AND ACCRUED THROUGHOUT THE YEAR BASED ON PROGRESS. GOALS INCLUDE PLACING PEOPLE INTO COMPETITIVE EMPLOYMENT, GENERATING A BASE NET PROFIT % FOR THE YEAR, TRANSITIONING 25% OF 14(C) PARTICIPANTS, AND ACHIEVING AN ACCIDENT RATE OF not more than 5 accidents per 100 full time employees (FTE's), FINAL DETERMINATION AND PAYMENT IS APPROVED UPON RECEIPT OF AN UNQUALIFIED AUDIT OPINION FROM THE INDEPENDENT AUDITORS. X 33087916 RESALE VALUE X 93 51665 AUCTION PRICE X SALVAGE 0 2749494 MARKET PRICE PER POU 0 0 0 1 Part I, Line 32b: GOODWILL CONTRACTS WITH A THIRD PARTY PROVIDER TO PROCESS AND SELL THE DONATED VEHICLES. THE THIRD PARTY PROVIDER MANAGES THE PROCESS WHICH INCLUDES THE INITIAL CALLS, PICK UP OF VEHICLES, AUCTIONS, AND PAPERWORK PROCESSING SUCH AS THE REPORTING OF FORMS 1098-C. THE ORGANIZATION RECEIVES REPORTS ON THE ACTUAL REVENUE RECEIVED FROM THE SALES. THESE REPORTED REVENUE AMOUNTS ARE THEN RECORDED IN THE FINANCIAL STATEMENTS. ALL OTHER DONATIONS ARE RECORDED AT EITHER ACTUAL FAIR MARKET VALUE RECEIVED OR ESTIMATED RESALE VALUE. Form 990, Part VI, Section B, line 11 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 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 ALL COMPENSATION FOR THE CEO AND THE EXECUTIVE TEAMS ARE PAID BY THE RELATED ORGANIZATION, GOODWILL INDUSTRIES OF THE VALLEYS INC. THE CEO COMPENSATION IS APPROVED BY A COMPENSATION COMMITTEE COMPRISED OF INDEPENDENT BOARD MEMBERS. THE COMMITTEE RECEIVES AN ANNUAL MARKET VALUATION OF COMPENSATION FROM AN INDEPENDENT THIRD PARTY PROVIDER. THE COMPENSATION COMPARISONS ARE CONCENTRATED ON TOP POSITIONS AT TAX-EXEMPT ORGANIZATIONS WITH AN OPERATING BUDGET OF APPROXIMATELY $50 MILLION AND HIGHER. 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 OF THE ORGANIZATION ARE REPORTED IN THE RELATED ENTITY GOODWILL INDUSTRIES OF THE VALLEYS (54-0884014). THE MANAGEMENT TO TOTAL EXPENSE RATIO PER THE AUDITED FINANCIAL STATEMENTS IS 10.63% 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 VALLEY 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 VALLEYS INC 2502 MELROSE AVENUE NW ROANOKE VA 24017 540884014 CHARITABLE ACTIVITY VA 501(C)(3) LINE 7 0 0 0 0 1 0 0 0 0 0 0 1 0 1 1 1 0 0 1 0 GOODWILL INDUSTRIES OF THE VALLEYS INC D 12702606 INTERCOMPANY BALANCES GOODWILL INDUSTRIES OF THE VALLEYS INC K 916017 EXPENSES INCURRED BY VALLEYS GOODWILL INDUSTRIES OF THE VALLEYS INC M 4109573 MANAGEMENT EXPENSES GOODWILL INDUSTRIES OF THE VALLEYS INC R 5309025 EXPENSES INCURRED BY VALLEYS PART II, LINE 1B RAISE FUNDS TO SUPPORT PEOPLE WITH DISABILITIES AT GOODWILL INDUSTRIES OF THE VALLEYS, INC.