2014-07-28T13:03:15-05:00 2013-12-31 560574444 CHERRY BEKAERT LLP 410 FIRST STREET ROANOKE VA 24011 990 2013-01-01 540884014 GOODWILL INDUSTRIES OF THE VALLEYS INC GOOD 5405810620 2502 MELROSE AVE NW ROANOKE VA 24017 BRUCE PHIPPS PRESIDENT AND CEO 5405810620 2014-07-28 1 JANICE A RATICA P00358837 5403426911 2013 2015-11-30 17:44:51Z BRUCE PHIPPS 2502 MELROSE AVENUE NW ROANOKE VA 24017 19671629 0 X WWW.GOODWILLVALLEYS.COM X 1970 VA HELPING PEOPLE AND FAMILIES IN OUR COMMUNITY ACHIEVE A BETTER LIFE THROUGH WORK AND INDEPENDENCE. 18 18 830 445 0 0 316499 571119 9944957 9242288 104853 289587 5434434 5944396 15800743 16047390 0 0 0 0 11224601 11939903 0 0 71103 5892225 5737288 17116826 17677191 -1316083 -1629801 22757243 32055995 11473513 22098104 11283730 9957891 X TO HELP PEOPLE AND FAMILIES IN OUR COMMUNITY ACHIEVE A BETTER LIFE THROUGH WORK AND INDEPENDENCE. 0 0 4240561 3237285 TO PROVIDE EMPLOYMENT AND JOB TRAINING SERVICES TO INDIVIDUALS WITH BARRIERS TO EMPLOYMENT. SERVICES ARE DESIGNED TO ASSIST THESE INDIVIDUALS BY ENHANCING INDEPENDENCE AND SELF-ESTEEM. 6034897 6005003 THE ORGANIZATION RECEIVES FEDERAL GRANTS DESIGNED TO ASSIST DISLOCATED WORKERS, SENIOR CITIZENS, YOUTH, AND ADULT CLIENTS IN RECEIVING TRAINING AND EDUCATION TO PREPARE THEM FOR EMPLOYMENT OPPORTUNITIES. 935018 5185989 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. 935018 5185989 11210476 1 0 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 36 0 1 830 1 0 0 0 0 0 0 0 0 0 0 0 X 18 18 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 ROBERT ARCHER 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 EDWARD GARNER DIRECTOR 1.00 1.00 X 0 0 0 JANE R CONLIN 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 KHALED HASSOUNA DIRECTOR 1.00 1.00 X 0 0 0 MATT WEBB DIRECTOR 1.00 1.00 X 0 0 0 RANDALL A YOUNG DIRECTOR 1.00 1.00 X 0 0 0 SAM RASOUL DIRECTOR 1.00 1.00 X 0 0 0 ANDREW DICKINSON DIRECTOR 1.00 1.00 X 0 0 0 JOHN COKER DIRECTOR 1.00 1.00 X 0 0 0 LEAH GISSY DIRECTOR 1.00 1.00 X 0 0 0 MELINDA PAYNE CHAIR 1.00 1.00 X X 0 0 0 LEWIS BISHOP VICE CHAIR 1.00 1.00 X X 0 0 0 HOWARD LYON TREASURER 1.00 1.00 X X 0 0 0 HARVEY BROOKINS JR SECRETARY 1.00 1.00 X X 0 0 0 BRUCE PHIPPS PRESIDENT AND CEO 40.00 1.00 X 277658 0 27367 JACKSON G GREEN CHIEF OPERATING OFFICER 40.00 1.00 X 150194 0 14172 LINDA LAMONA SR. VICE PRESIDENT 40.00 1.00 X 148718 0 11720 PHIL JONES SR. VICE PRESIDENT 40.00 1.00 X 144385 0 13269 LINDA MATTHEWS SR. VICE PRESIDENT 40.00 1.00 X 139783 0 12970 JIM SHAVER VICE PRESIDENT 40.00 1.00 X 129531 0 12621 JERRY KITE SR. VICE PRESIDENT 1.00 40.00 X 0 126751 12572 990269 126751 104691 7 0 1 0 DAVID E LOOPER & CO INC 320 15TH ST SE HICKORY NC 28602 CONSTRUCTION 1264548 NEWBILT CONSTRUCTION 105 DARLINGTON DRIVE ROCKY MOUNT VA 24151 CONSTRUCTION 255632 NEW RIVER VALLEY SENIOR SERVICE 141 EAST MAIN STREET SUITE 500 PULASKI VA 24301 TRANSPORTATION SERVICES 174247 3 153697 417422 18936 571119 PROGRAM FEES 561300 9242288 9242288 9242288 298575 298575 3599436 9095 3617519 0 -18083 9095 -8988 -8988 33957 6720 27237 27237 731170 0 731170 731170 MANAGEMENT FEES - GIV 541610 3844744 3844744 GIV WORKS-LEASE FEE 561300 1316576 1316576 REGISTRATION AND USER 561300 13891 13891 10778 10778 5185989 16047390 14428277 0 1047994 X 469391 305025 159174 5192 9545385 6862589 2635185 47611 88239 44089 43436 714 1126108 789428 329970 6710 710780 521236 185389 4155 24279 24279 129211 37992 91219 205513 67566 137947 156506 3106 152392 1008 261055 108529 152526 1748372 463447 1280019 4906 541155 459229 81926 146876 52398 94478 193833 193833 538033 61678 476355 101999 39638 62361 PROGRAM EXPENSES 1077133 1076565 568 SUPPLIES 210839 201509 8523 807 EQUIPMENT RENTAL 64369 29069 35300 DUES 61215 4966 56249 276900 82417 194483 17677191 11210476 6395612 71103 3376684 912475 4089 4091 137212 117763 1600111 1186360 167075 142031 31843889 11780451 15257497 20063438 1893471 9192774 119911 321104 317152 22757243 32055995 1996309 1814171 196795 433185 6399984 6399984 2880425 13450764 11473513 22098104 X 11105009 9746622 178721 211269 11283730 9957891 22757243 32055995 -1629801 18360 285602 0 X X 0 1 X 1 1 1 X 29339319 430367 248255 316499 571119 30905559 29339319 430367 248255 316499 571119 30905559 30905559 132025 37649 69446 100703 298575 638398 23240 47194 27237 97671 31641628 67792266 0.97670 0.97890 X 3438881 3438881 16533999 3590179 12943820 2446249 1503565 942684 8599611 6686707 1912904 825149 825149 20063438 INVESTMENTS 18974 C WF MID TERM INVESTMENTS 7089076 C WF LONG TERM INVESTMENTS 2084724 C 9192774 DEBT-SOUTHERN BOND 141605 DEBT-MELROSE BOND 625490 DUE TO AFFILIATES 10442818 PLEDGES PAYABLE 15000 SWAP CONTRACTS 1252957 CURRENT MATURITIES 972894 13450764 X PART X, LINE 2: THE FEDERAL INCOME TAX RETURNS OF THE ORGANIZATION FOR 2011, 2012, AND 2013 ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE ORGANIZATION QUALIFIES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND THEREFORE IS NOT SUBJECT TO INCOME TAX UNDER THE PRESENT INCOME TAX LAWS. THE ORGANIZATION HAS BEEN CLASSIFIED AS AN ORGANIZATION UNDER IRC SECTION 170(B)(1)(A)(VI)THAT IS NOT A PRIVATE FOUNDATION AND QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION FOR INDIVIDUAL DONORS. FASHION SHOW 33957 33957 6720 33957 33957 6720 6720 27237 X 1 1 X X X X X 0 1 0 0 0 1 1 0 0 BRUCE PHIPPS PRESIDENT AND CEO 243573 0 28000 0 6085 0 12213 0 15154 0 305025 0 0 0 JACKSON G GREEN CHIEF OPERATING OFFICER 141977 0 6750 0 1467 0 7670 0 6502 0 164366 0 0 0 LINDA LAMONA SR. VICE PRESIDENT 137715 0 9000 0 2003 0 5294 0 6426 0 160438 0 0 0 PHIL JONES SR. VICE PRESIDENT 131392 0 9000 0 3993 0 6876 0 6393 0 157654 0 0 0 LINDA MATTHEWS SR. VICE PRESIDENT 130138 0 9000 0 645 0 6596 0 6374 0 152753 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. PART I, LINE 4B THE CEO'S EMPLOYER MATCH AMOUNT FOR 403B PLAN WAS $3,184 AND FOR THE 457 PLAN THE MATCH WAS $9,029 FOR 2013. PART I, LINE 6 BONUS COMPENSATION OF PERSONS LISTED IN FORM 990,PART VII, SECTION A, LINE 1A IS CALCULATED BASED IN PART ON NET EARNINGS OF THE ORGANIZATION CONSOLIDATED WITH THE NET EARNINGS OF THE RELATED ORGANIZATIONS, GOODWILL INDUSTRIES OF THE VALLEY WORKS (27-0953369) AND GOODWILL INDUSTRIES OF THE VALLEY, INC. (54-0884014).BONUS PAYMENTS ARE BASED ON MANAGEMENT REACHING GOALS APPROVED BY THE INDEPENDENT BOARD AT THE ONSET OF THE YEAR AND ACCRUED THROUGHOUT THE YEAR. GOAL AREAS INCLUDE REVENUE, SAFETY, TURNOVER, NET EARNINGS, AND UNQUALIFIED AUDITS. FINAL DETERMINATION AND PAYMENT IS APPROVED UPON RECEIPT OF AN UNQUALIFIED AUDIT OPINION FROM THE INDEPENDENT AUDITORS. 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 REFLECTING BOTH ENTITIES IS 12% 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 11A GOODWILL INDUSTRIES OF THE VALLEYS INC 1 0 0 0 0 1 0 0 0 0 1 0 1 0 0 0 0 0 0 1 GOODWILL INDUSTRIES OF THE VALLEY WORKS E 10442818 INTERCOMPANY BALANCES GOODWILL INDUSTRIES OF THE VALLEY WORKS J 782278 EXPENSES INCURRED GOODWILL INDUSTRIES OF THE VALLEY WORKS L 3844744 MANAGEMENT EXPENSES GOODWILL INDUSTRIES OF THE VALLEY WORKS S 163497 EXPENSES INCURRED PART II, LINE 1B RAISE FUNDS TO SUPPORT PEOPLE WITH DISABILITIES AT GOODWILL INDUSTRIES OF THE VALLEYS, INC.