2015-05-15T07:30:34-05:00 2014-12-31 560574444 CHERRY BEKAERT LLP 410 FIRST STREET ROANOKE VA 24011 990 2014-01-01 540884014 GOODWILL INDUSTRIES OF THE VALLEYS INC GOOD 5405810620 2502 MELROSE AVE NW ROANOKE VA 24017 BRUCE PHIPPS PRESIDENT AND CEO 5405810620 2015-05-13 1 JANICE A RATICA P00358837 5403426911 2014 2016-03-07 17:11:31Z BRUCE PHIPPS 2502 MELROSE AVENUE NW ROANOKE VA 24017 18764062 0 X WWW.GOODWILLVALLEYS.COM X 1970 VA HELPING PEOPLE AND FAMILIES IN OUR COMMUNITY ACHIEVE A BETTER LIFE THROUGH WORK AND INDEPENDENCE. 15 15 915 666 0 0 571119 411226 9242288 11247241 289587 346634 5944396 5575265 16047390 17580366 0 0 0 0 11939903 13013455 0 0 305140 5737288 7280344 17677191 20293799 -1629801 -2713433 32055995 37391636 22098104 29963132 9957891 7428504 X TO HELP PEOPLE AND FAMILIES IN OUR COMMUNITY ACHIEVE A BETTER LIFE THROUGH WORK AND INDEPENDENCE. 0 0 7132043 6825033 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. 4918045 4162914 WORKFORCE 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. 729375 847754 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. 4879901 REVENUE AND EXPENSES FROM GOODWILL INDUSTRIES OF THE VALLEY WORKS ("WORKS," FEIN 27-0953369), AN ORGANIZATION OPERATED SOLELY FOR THE SUPPORT OF GOODWILL INDUSTRIES OF THE VALLEYS, INC. ("VALLEYS"), IN ITS OPERATION OF RETAIL STORES, DISTRIBUTION CENTERS, AND INDUSTRIAL COMMERCIAL CONTRACTS. 4879901 12779463 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 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 45 0 1 915 1 0 0 0 0 0 0 0 0 0 0 X 15 15 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 NEIL BIRKHOFF DIRECTOR 1.00 1.00 X 0 0 0 JAMES LAUB DIRECTOR 1.00 1.00 X 0 0 0 RHONDA SHANNON 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 LEAH GISSY DIRECTOR 1.00 1.00 X 0 0 0 MELINDA PAYNE DIRECTOR 1.00 1.00 X 0 0 0 LEWIS BISHOP CHAIR 1.00 1.00 X X 0 0 0 HARVEY BROOKINS JR VICE CHAIR 1.00 1.00 X X 0 0 0 EDWARD GARNER TREASURER 1.00 1.00 X X 0 0 0 KHALED HASSOUNA SECRETARY 1.00 1.00 X X 0 0 0 BRUCE PHIPPS PRESIDENT AND CEO 40.00 1.00 X 268250 0 31396 LORI STOHLMANN CFO THROUGH 7/19/14 40.00 X 102367 0 403 STEVEN KELLEY CFO FROM 10/6/14 40.00 1.00 X 21794 0 0 JACKSON G GREEN CHIEF OPERATING OFFICER 40.00 1.00 X 150091 0 14425 LINDA LAMONA SR. VICE PRESIDENT 40.00 1.00 X 146146 0 12468 PHIL JONES SR. VICE PRESIDENT 40.00 1.00 X 146919 0 13807 LINDA MATTHEWS SR. VICE PRESIDENT 40.00 1.00 X 141347 0 13108 976914 0 85607 6 0 1 0 DAVID E LOOPER & CO INC PO BOX 3224 HICKORY NC 28603 CONSTRUCTION 1690789 NEW RIVER VALLEY SENIOR SERVICES 141 EAST MAIN STREET PULASKI VA 24301 SERVICES 175935 ADVANTAGE TRUCK CENTER 3194 15TH AVE BLVD SE CONOVER NC 28613 TRANSPORTATION SERVICES 170578 PIEDMONT CO INC PO BOX 1732 LINCOLN NC 28093 CONSTRUCTION 138625 FAST TRACK HEALTHCARE EDUCATION 3201 BRANDON AVE SW ROANOKE VA 24018 EDUCATION 106421 5 148224 263002 411226 PROGRAM FEES 561300 11247241 11247241 11247241 384334 384334 1139110 1176810 -37700 -37700 -37700 113790 6886 106904 106904 MANAGEMENT FEES - GIV 541610 3890798 3890798 GIV WORKS-LEASE FEE 561300 906748 906748 GIV REVENUES 811000 638756 638756 32059 32059 5468361 17580366 16715602 0 453538 X 588726 419236 169490 10182035 7250708 2709719 221608 106262 58956 42539 4767 1381601 955257 412874 13470 754831 544502 194480 15849 23488 23488 120137 36116 84021 45095 45095 316131 101619 199010 15502 165433 4461 155026 5946 237279 230941 2816 3522 1938523 485993 1445616 6914 592706 511581 77688 3437 239440 50727 187100 1613 172929 172929 601785 55672 544163 1950 128909 42044 86865 PROGRAM EXPENSES 1655287 1655287 SUPPLIES 398162 193474 204688 DUES 85975 6081 79120 774 EQUIPMENT RENTAL 69338 29891 38671 776 489727 146917 333798 9012 20293799 12779463 7209196 305140 912475 334438 4091 117763 154288 1186360 1786687 142031 135455 33920552 12329581 20063438 21590971 9192774 12865175 119911 107677 317152 416945 32055995 37391636 1814171 1054924 433185 592538 6399984 5919980 13450764 22395690 22098104 29963132 X 9746622 7194107 211269 234397 9957891 7428504 32055995 37391636 -2713433 -27238 211284 0 X X 0 1 X 1 1 1 X 430367 248255 316499 571119 411226 1977466 430367 248255 316499 571119 411226 1977466 1977466 37649 69446 100703 298575 384334 890707 23240 47194 27237 106904 204575 3072748 79941206 0.64350 0.97670 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4239499 4239499 18462840 4126666 14336174 2621558 1646168 975390 7593468 5713856 1879612 1003187 842891 160296 21590971 INVESTMENTS 20984 F WF MID TERM INVESTMENTS 8556127 F WF LONG TERM INVESTMENTS 4288064 F 12865175 DEBT-SOUTHERN BOND 115322 DEBT-MELROSE BOND 737174 DUE TO AFFILIATES 16768255 CURRENT MATURITIES 456031 NOTES PAYABLE FAIRLAWN 4318908 22395690 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. THE ORGANIZATION BELIEVES IT IS NO LONGER SUBJECT TO EXAMINATIONS OF ITS INCOME TAX RETURNS BY TAXING AUTHORITIES ON RETURNS FILED FOR YEARS BEFORE JANUARY 1, 2011. BREAKFAST EVENT 113790 113790 160 6726 113790 113790 160 6726 6886 106904 X 1 1 X X X X X 1 1 0 0 0 1 1 0 0 BRUCE PHIPPS PRESIDENT AND CEO 249572 0 12000 0 6678 0 12548 0 18848 0 299646 0 0 0 JACKSON G GREEN CHIEF OPERATING OFFICER 145345 0 3000 0 1746 0 8000 0 6425 0 164516 0 0 0 LINDA LAMONA SR. VICE PRESIDENT 141225 0 3000 0 1921 0 5751 0 6717 0 158614 0 0 0 PHIL JONES SR. VICE PRESIDENT 139306 0 3000 0 4613 0 7123 0 6684 0 160726 0 0 0 LINDA MATTHEWS SR. VICE PRESIDENT 137954 0 3000 0 393 0 6444 0 6664 0 154455 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 VP OF FINANCE TWICE A YEAR AND THE AMOUNTS ARE INCLUDED AS TAXABLE FRINGE BENEFITS. PART I, LINES 4A-B THE CEO'S EMPLOYER MATCH AMOUNT FOR THE 403B PLAN WAS $2,503 AND FOR THE 457 PLAN THE MATCH WAS $10,045 FOR 2014. 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 2014 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 EMPLOYEE ACCIDENT RATE OF 4% OR LOWER. FINAL DETERMINATION AND PAYMENT IS APPROVED UPON RECEIPT OF AN UNQUALIFIED AUDIT OPINION FROM THE INDEPENDENT AUDITORS. PART I, LINE 4A: THE OUTGOING CHIEF FINANCIAL OFFICER, LORI STOHLMANN, RECEIVED A SEVERANCE PACKAGE OF $20,000. A IDA BOTETOURT COUNTY 521325578 2007-12-21 6400000 THE PURCHASE OF REAL ESTATE AND EQUIPMENT FOR THE JOBS CAMPUS. 0 0 0 A 6400000 449835 92997 6307003 2009 0 0 1 1 A 0 0 0 0 1 0 0 A 0 0 0 0 0 0 0 0 0 A 0 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 PERSONAL INFLUENCE ON THE MATTER, AND HE 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 $45-50 MILLION.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: MANAGEMENT EXPENSES: THE ORGANIZATION INCLUDES THE ADMINISTRATIVE EXPENSES FOR THE RELATED ENTITY GOODWILL INDUSTRIES OF THE VALLEY WORKS. THE MANAGEMENT TO TOTAL EXPENSE RATIO PER THE AUDITED FINANCIAL STATEMENTS IS 11.24% 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 16768255 INTERCOMPANY BALANCES GOODWILL INDUSTRIES OF THE VALLEY WORKS J 906748 EXPENSES INCURRED GOODWILL INDUSTRIES OF THE VALLEY WORKS L 3890798 MANAGEMENT EXPENSES GOODWILL INDUSTRIES OF THE VALLEY WORKS S 6514689 EXPENSES INCURRED PART II, LINE 1B RAISE FUNDS TO SUPPORT PEOPLE WITH DISABILITIES AT GOODWILL INDUSTRIES OF THE VALLEYS, INC.