2014-07-28T13:02:07-05:00 2013-12-31 560574444 CHERRY BEKAERT LLP 410 FIRST STREET ROANOKE VA 24011 990 2013-01-01 270953369 GOODWILL INDUSTRIES OF THE VALLEY WORKS GOOD 5405810620 2502 MELROSE AVE NW ROANOKE VA 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 AVE NW ROANOKE VA 24017 38544721 0 X WWW.GOODWILLVALLEYS.COM X 2009 VA HELPING PEOPLE AND FAMILIES IN OUR COMMUNITY ACHIEVE A BETTER LIFE THROUGH WORK AND INDEPENDENCE. 18 18 1507 36 0 0 32442280 34272501 19680 8400 1072 9200 1112247 1278609 33575279 35568710 0 0 0 0 14660471 15790763 0 0 2595 14061133 15258710 28721604 31049473 4853675 4519237 14199182 18242416 1819404 1338622 12379778 16903794 TO HELP PEOPLE AND FAMILIES IN OUR COMMUNITY ACHIEVE A BETTER LIFE THROUGH WORK AND INDEPENDENCE. 0 0 31046878 36271 THE ORGANIZATION IS OPERATED EXCLUSIVELY FOR THE BENEFIT OF GOODWILL INDUSTRIES OF THE VALLEYS, INC. (FEIN 54-0884014) THROUGH THE OPERATION OF RETAIL STORES, DISTRIBUTION CENTERS, AND INDUSTRIAL COMMERCIAL BUSINESS BY COLLECTING INCOME FROM THESE OPERATIONS AND TURNING OVER THE ENTIRE AMOUNT OF INCOME LESS EXPENSES AND NECESSARY RESERVES TO GOODWILL TO FURTHER THE SERVICES PROVIDED THEREIN. IN CONJUNCTION WITH THE FINANCIAL SUPPORT OF GOODWILL, THE ORGANIZATION ALSO PROVIDES SERVICES TO INDIVIDUALS WITH BARRIERS TO EMPLOYMENT BY AFFORDING THEM THE OPPORTUNITY OF EMPLOYMENT IN ONE OF THE RETAIL STORES OR INDUSTRIAL COMMERCIAL BUSINESSES AND PROVIDING THE TRAINING, COACHING, SUPPORT, AND COUNSELING TO IMPROVE THEIR SUCCESS IN MAINTAINING EMPLOYMENT AND EXPERIENCING THE PRIDE OF EARNING A PAYCHECK. 31046878 1 1 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 50 0 1 1507 1 0 0 0 0 0 0 0 0 0 1 0 X 18 18 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 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 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 1.00 40.00 X 0 277658 27367 JACKSON G GREEN CHIEF COMPLIANCE OFFICER 1.00 40.00 X 0 150194 14172 LINDA LAMONA SR. VICE PRESIDENT 1.00 40.00 X 0 148718 11720 PHIL JONES SR. VICE PRESIDENT 1.00 40.00 X 0 144385 13269 LINDA MATTHEWS SR. VICE PRESIDENT 1.00 40.00 X 0 139783 12970 JIM SHAVER VICE PRESIDENT 1.00 40.00 X 0 129531 12621 JERRY KITE SR. VICE PRESIDENT 40.00 1.00 X 126751 0 12572 126751 990269 104691 1 0 1 0 FRESH LOOK CLEANING LLC 3358 HOOPER ROAD FOREST VA 24551 JANITORIAL 158978 FIRST PIEDMONT PO DRAWER 1069 CHATHAM VA 24531 GARBAGE DISPOSAL 118268 2 34272501 34247501 34272501 FOUNDATION USER FEE 561300 8400 8400 8400 9200 0 9200 9200 9200 4226749 2976011 1250738 1250738 MISCELLANEOUS REVENUE 561300 23803 23803 RECYCLING SALES 561300 4068 4068 27871 35568710 36271 0 1259938 X 12591885 12591885 75607 75607 2106787 2106787 1016484 1016484 3844744 3844744 125 125 165188 165188 29498 29498 8377 5782 2595 148529 148529 7043401 7043401 758571 758571 197968 197968 8427 8427 263396 263396 DIRECT SUPPLIES & MATER 980913 980913 GIV - LEASE FEES 782278 782278 DIRECT EXPENSE 429311 429311 FREIGHT AND SHIPPING 111628 111628 486356 486356 31049473 31046878 0 2595 11347083 6621038 6961 17631 696920 557091 140155 165910 377946 386180 1630117 10494566 14199182 18242416 1731658 1274772 87746 63850 1819404 1338622 X 12379778 16903794 12379778 16903794 14199182 18242416 4519237 4779 0 X X 0 1 X 1 0 X X X X 0 0 0 GOODWILL INDUSTRIES 540884014 7 1 1 1 4790519 1 4790519 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 DUE FROM AFFILIATE 10442818 DEPOSITS 51748 10494566 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 509(A)(3) THAT IS NOT A PRIVATE FOUNDATION AND QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION FOR INDIVIDUAL DONORS. 0 1 0 0 0 1 1 0 0 BRUCE PHIPPS PRESIDENT AND CEO 0 243573 0 28000 0 6085 0 12213 0 15154 0 305025 0 0 JACKSON G GREEN CHIEF COMPLIANCE OFFICER 0 141977 0 6750 0 1467 0 7670 0 6502 0 164366 0 0 LINDA LAMONA SR. VICE PRESIDENT 0 137715 0 9000 0 2003 0 5294 0 6426 0 160438 0 0 PHIL JONES SR. VICE PRESIDENT 0 131392 0 9000 0 3993 0 6876 0 6393 0 157654 0 0 LINDA MATTHEWS SR. VICE PRESIDENT 0 130138 0 9000 0 645 0 6596 0 6374 0 152753 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'S EMPLOYER MATCH AMOUNT FOR THE 403B PLAN WAS $3,184 AND FOR 457 PLAN THE MATCH WAS $9,029 FOR 2013. PART I, LINE 6 BONUS COMPENSATION OF PERSON'S 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. X 34093511 RESALE VALUE X 95 68003 AUCTION PRICE X 1 775 AUCTION PRICE X RECYCLED DELL 3478 85212 9 CENTS PER POUND 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 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 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 $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 OF THE ORGANIZATION ARE REPORTED IN THE RELATED ENTITY GOODWILL INDUSTRIES OF THE VALLEYS. 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 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 10442818 INTERCOMPANY BALANCES GOODWILL INDUSTRIES OF THE VALLEYS INC K 782278 EXPENSES INCURRED BY VALLEYS GOODWILL INDUSTRIES OF THE VALLEYS INC M 3844744 EXPENSES INCURRED BY VALLEYS GOODWILL INDUSTRIES OF THE VALLEYS INC R 163497 EXPENSES INCURRED BY VALLEYS PART II, LINE 1B RAISE FUNDS TO SUPPORT PEOPLE WITH DISABILITIES AT GOODWILL INDUSTRIES OF THE VALLEYS, INC.