2016-05-12T10:31:37-05:00 2015-12-31 560574444 CHERRY BEKAERT LLP 410 First Street SW Roanoke VA 24011 990 2015-01-01 540884014 Goodwill Industries of the Valleys Inc 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 AVENUE NW ROANOKE VA 24017 34234852 0 X WWW.GOODWILLVALLEYS.COM X 1970 VA HELPING PEOPLE AND FAMILIES IN OUR COMMUNITY ACHIEVE A BETTER LIFE THROUGH WORK AND INDEPENDENCE. 21 21 990 685 0 0 411226 9463808 11247241 11677494 346634 301289 5575265 6142058 17580366 27584649 0 0 0 0 13013455 13614507 0 0 439972 7280344 7745985 20293799 21360492 -2713433 6224157 37391636 33371994 29963132 19825454 7428504 13546540 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 8431975 7199687 WORKFORCE DEVELOPMENT - THE ORGANIZATION RECEIVES FEDERAL GRANTS DESIGNED TO ASSIST: DISLOCATED WORKERS; LOW INCOME, UNEMPLOYED SENIOR CITIZENS; OUT-OF-WORK OR UNDER-EMPLOYED VETERANS; AT-RISK YOUTH; AND ADULT CLIENTS WHO HAVE BARRIERS TO EMPLOYMENT. THESE INDIVIDUALS RECEIVE TRAINING AND EDUCATION TO PREPARE THEM FOR EMPLOYMENT OPPORTUNITIES, AS WELL AS RECEIVING ASSISTANCE IN FINDING EMPLOYMENT. ALL THIS ASSISTANCE ALLOWS THESE INDIVIDUALS TO WORK AND LIVE INDEPENDENTLY. 4445963 3575015 WORK TRAINING SERVICES - THE ORGANIZATION PROCURES GRANTS FROM NATIONAL, REGIONAL AND LOCAL FOUNDATIONS, COMPANIES AND MUNICIPALITIES TO FUND PROGRAMS THAT HELP THE DISADVANTAGED FIND EMPLOYMENT. CLIENTS SERVED INCLUDE YOUTH, ADULTS, AND SENIORS WITH ECONOMIC DISADVANTAGES DUE TO LAY-OFFS, EDUCATION DISADVANTAGES, AND THOSE WITH BARRIERS TO EMPLOYMENT SUCH AS LANGUAGE LIMITATIONS, SKILL SET LIMITATIONS, AND/OR RECENT INCARCERATION. THESE INDIVIDUALS RECEIVE TRAINING AND EDUCATION TO PREPARE THEM FOR EMPLOYMENT OPPORTUNITIES, AS WELL AS RECEIVING ASSISTANCE IN FINDING EMPLOYMENT. 798644 969451 SOURCE AMERICA - THE ORGANIZATION CONTRACTS WITH THE FEDERAL GOVERNMENT TO EMPLOY INDIVIDUALS WITH BARRIERS TO EMPLOYMENT, ESPECIALLY INCLUDING MENTAL AND/OR PHYSICAL DISABILITIES. THESE INDIVIDUALS PROVIDE JANITORIAL SERVICES IN LOCAL FEDERAL FACILITIES; THUS ALLOWING THEM TO WORK AND LIVE MORE INDEPENDENTLY. 13676582 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 40 0 1 990 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 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 40.00 1.00 X 305922 0 70240 STEVEN KELLEY CFO 40.00 1.00 X 117567 0 5743 JACKSON G GREEN CHIEF OPERATIONS OFFICER 40.00 1.00 X 171282 0 14235 PHIL JONES SR. VICE PRESIDENT 40.00 1.00 X 160285 0 13763 LINDA LAMONA SR. VICE PRESIDENT 40.00 1.00 X 161646 0 13087 Mary Ann Gilmer Vice President 40.00 1.00 X 121006 0 677 Deb Saunders Chief Compliance Officer 40.00 1.00 X 106721 0 11582 Frank Rogan Chief Development Officer 40.00 1.00 X 114975 0 5209 Kelly Coleman Vice President 40.00 1.00 X 107580 0 10317 mindy boyd vice president donated goods 1.00 40.00 X 0 118477 3637 1366984 118477 148490 9 0 1 0 Kronos PO Box 743208 Atlanta GA 303743208 Payroll Processing 463497 Marsh & McLennan Agency LLC PO Box 12748 Roanoke VA 24028 Consultation 424396 Horizon Goodwill Industries 14515 Pennsylvania Ave Hagerstown MD 21742 Commission 293434 RL Lucas Construction Inc 2030 Shenandoah Valley Ave NE Roanoke VA 24012 Construction/Remodeling 199430 New River Valley Senior Services 141 East Main Street Suite 500 Pulaski VA 24301 Transportation 170584 10 138007 9000000 325801 9463808 PROGRAM FEES 561300 11677494 11677494 11677494 467434 467434 6450826 6374 6623345 0 -172519 6374 -166145 -166145 123164 25599 97565 97565 1259 -1259 -1259 GIVW - MANAGEMENT FEES 541610 4109573 4109573 GIVW - LEASE FEE 811000 916017 916017 GIVW - EXPENSE REIMBURSEMENT 561300 906162 906162 114000 114000 6045752 27584649 17721987 0 398854 X 859039 185518 673521 10378235 7847560 2223463 307212 128783 70831 49017 8935 1464357 1003639 435028 25690 784093 574332 186775 22986 17103 17103 120188 31423 88765 51037 51037 241697 67664 147033 27000 160081 1213 153454 5414 264835 260119 699 4017 2412595 891184 1515087 6324 508657 446380 54986 7291 76223 45532 30691 137190 137190 609690 50451 555495 3744 143839 42333 101506 PROGRAM EXPENSES 1723500 1723500 SUPPLIES 341215 169260 171955 Dues 120252 6659 112313 1280 EQUIPMENT RENTAL 75815 36363 38624 828 742068 222621 500196 19251 21360492 13676582 7243938 439972 334438 501832 501446 154288 211904 1786687 2017944 135455 198244 34438468 12686616 21590971 21751852 12865175 7758407 107677 39644 416945 390721 37391636 33371994 1054924 1204065 592538 551679 5919980 960001 22395690 17109709 29963132 19825454 X 7194107 13340010 234397 206530 7428504 13546540 37391636 33371994 6224157 -328733 222612 0 X X 0 1 X 1 1 1 X 248255 316499 571119 411226 9463808 11010907 248255 316499 571119 411226 9463808 11010907 11010907 69446 100703 298575 384334 467434 1320492 23240 47194 27237 106904 128783 333358 12664757 81274899 0.86940 0.64350 X Schedule A, Part II, Line 10, Explanation of Other Income: MISCELLANEOUS INCOME - 2011 Amount: $ 23,240. 2012 Amount: $ 47,194. 2013 Amount: $ 27,237. 2014 Amount: $ 106,904. 2015 Amount: $ 128,783. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4348885 4348885 18705848 4744470 13961378 2507406 1753966 753440 7152356 5241239 1911117 1723973 946941 777032 21751852 INVESTMENTS 21471 F WF MID TERM INVESTMENTS 3733094 F WF LONG TERM INVESTMENTS 4003842 F 7758407 current maturities 472800 DEBT-SOUTHERN BOND 87554 DUE TO AFFILIATES 12702606 Notes payable Fairlawn 3846749 17109709 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 123164 123164 432 25167 123164 123164 432 25167 25599 97565 X 1 1 X X X X X 0 1 0 0 0 1 1 0 0 BRUCE PHIPPS PRESIDENT AND CEO 263237 0 36000 0 6685 0 49382 0 20858 0 376162 0 0 0 JACKSON G GREEN CHIEF OPERATIONS OFFICER 159447 0 9000 0 2835 0 8412 0 5823 0 185517 0 0 0 PHIL JONES SR. VICE PRESIDENT 145946 0 9000 0 5339 0 6725 0 7038 0 174048 0 0 0 LINDA LAMONA SR. VICE PRESIDENT 150437 0 9000 0 2209 0 6016 0 7071 0 174733 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 4b The CEO received a contribution to a 457f plan in the amount of $36,000 during 2015 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 FULL TIME EMPLOYEE (FTE'S). FINAL DETERMINATION AND PAYMENT IS APPROVED UPON RECEIPT OF AN UNQUALIFIED AUDIT OPINION FROM THE INDEPENDENT AUDITORS. 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 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: 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 10.63% 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 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 12702606 INTERCOMPANY BALANCES GOODWILL INDUSTRIES OF THE VALLEY WORKS J 916017 EXPENSES INCURRED GOODWILL INDUSTRIES OF THE VALLEY WORKS L 4109573 MANAGEMENT EXPENSES GOODWILL INDUSTRIES OF THE VALLEY WORKS S 5309025 eXPENSES INCURRED PART II, LINE 1B RAISE FUNDS TO SUPPORT PEOPLE WITH DISABILITIES AT GOODWILL INDUSTRIES OF THE VALLEYS, INC.