2013-06-25T12:10:30-05:00 2012-12-31 560574444 CHERRY BEKAERT LLP 410 FIRST STREET ROANOKE VA 24011 990 2012-01-01 270953369 GOODWILL INDUSTRIES OF THE VALLEY WORKS GOOD 5405810620 2502 MELROSE AVE NW ROANOKE VA VA 24017 BRUCE PHIPPS 5405810620 2013-06-25 1 F FULTON GALER P00296103 5403426911 2012 2016-03-07 17:11:31Z BRUCE PHIPPS 2502 MELROSE AVE NW ROANOKE VA 24017 36890999 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 1406 69 0 0 29981580 32442280 42694 19680 1025 1072 1501642 1112247 31526941 33575279 0 0 0 0 14320955 14660471 0 0 0 12985782 14061133 27306737 28721604 4220204 4853675 9105381 14199182 1579278 1819404 7526103 12379778 TO HELP PEOPLE AND FAMILIES IN OUR COMMUNITY ACHIEVE A BETTER LIFE THROUGH WORK AND INDEPENDENCE. 0 0 28721604 53287 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. 28721604 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 59 0 1 1406 1 0 0 0 0 0 0 0 0 0 0 1 0 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 1.00 2.00 X 0 0 0 HARVEY BROOKINS JR 1.00 2.00 X 0 0 0 NEIL BIRKHOFF 1.00 2.00 X 0 0 0 LEWIS BISHOP 1.00 2.00 X X 0 0 0 EDWARD GARNER 1.00 2.00 X 0 0 0 JANE CONLIN 1.00 2.00 X 0 0 0 RHONDA SHANNON 1.00 2.00 X 0 0 0 JEFFREY A VAN DOREN 1.00 2.00 X 0 0 0 KHALED HASSOUNA 1.00 2.00 X 0 0 0 MATT WEBB 1.00 2.00 X 0 0 0 RANDALL A YOUNG 1.00 2.00 X 0 0 0 DHARMENDRA PATEL 1.00 2.00 X 0 0 0 JOHN COKER 1.00 2.00 X X 0 0 0 HOWARD LYON 1.00 2.00 X X 0 0 0 MELINDA PAYNE 1.00 2.00 X X 0 0 0 ANDREW DICKINSON 1.00 2.00 X 0 0 0 OSCARLYN ELDER 1.00 2.00 X 0 0 0 LEAH GISSY 1.00 2.00 X 0 0 0 BRUCE PHIPPS 1.00 40.00 X 0 258445 26569 LINDA LAMONA 1.00 40.00 X 0 141095 9467 JIM SHAVER 1.00 40.00 X 0 120209 12446 PHIL JONES 1.00 40.00 X 0 133721 13120 LINDA MATTHEWS 1.00 40.00 X 0 125493 12604 JERRY KITE 40.00 X 115795 0 12481 115795 778963 86687 1 0 1 0 FRESH LOOK CLEANING LLC 3358 HOOPER ROAD FOREST VA 24551 JANITORIAL 242073 ALLIED WASTE SERVICE PO BOX 9001099 LOUISVILLE KY 402901099 GARBAGE DISPOSAL 137277 2 32442280 32442280 32442280 HARLAN (STITCHER REPAI 561300 11280 11280 FOUNDATION USER FEE 561300 8400 8400 19680 22 22 1050 0 1050 1050 1050 4394360 3315720 1078640 1078640 MISCELLANEOUS REVENUE 561300 19594 19594 RECYCLING SALES 561300 4729 4729 SALES TAX DISCOUNT 900099 3548 3548 5736 5736 33607 33575279 53287 0 1079712 11483784 11483784 69988 69988 2147198 2147198 959501 959501 3582522 3582522 5309 5309 157543 157543 35848 35848 2873 2873 75966 75966 6378128 6378128 691037 691037 188889 188889 9384 9384 272685 272685 DIRECT SUPPLIES & MATER 976824 976824 GIV - LEASE FEES 741945 741945 DIRECT EXPENSE 389809 389809 FREIGHT AND SHIPPING 110744 110744 441627 441627 28721604 28721604 0 0 5445290 11347083 78332 6961 670820 696920 156528 140155 335631 377946 2418780 1630117 9105381 14199182 1521415 1731658 57863 87746 1579278 1819404 X 7525535 12379778 568 0 7526103 12379778 9105381 14199182 4853675 0 X X 0 1 X 1 0 X X X X 0 0 0 GOODWILL INDUSTRIES 540884014 7 1 1 1 4853675 1 4853675 0 DUE FROM AFFILIATE 1590469 DEPOSITS 39648 1630117 X DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE FEDERAL INCOME TAX RETURNS OF THE ORGANIZATION FOR 2010(INITIAL RETURN) 2011, AND 2012 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. PRIOR TO 2010 THE ORGANIZATION WAS COMBINED WITH GOODWILL INDUSTRIES OF THE VALLEYS, INC. (EIN:54-0884014) 0 1 0 0 0 1 1 0 0 BRUCE PHIPPS 0 235371 0 18000 0 5074 0 11299 0 15270 0 285014 0 0 LINDA LAMONA 0 133515 0 6000 0 1580 0 3083 0 6384 0 150562 0 0 PART I, LINE 4B THE CEO'S EMPLOYER MATCH AMOUNT FOR THE 403B PLAN WAS $4,722 AND FOR 457 PLAN THE MATCH WAS $6,578. 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. FINAL DETERMINATION AND PAYMENT IS APPROVED UPON RECEIPT OF A CLEAN AUDIT OPINION FROM THE INDEPENDENT AUDITORS. SUPPLEMENTAL INFORMATION PART III ALL COMPENSATION FOR THE CEO AND THE EXECUTIVE TEAMS ARE PAID BY THE RELATED ORGANIZATION, GOODWILL 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. X 32274199 RESALE VALUE X 107 64156 AUCTION PRICE X 1 150 AUCTION PRICE X RECYCLED DELL 4234 103775 9 CENTS PER POUND 0 0 0 1 THIRD PARTY USE: 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 PLAN. 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 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. FORM 990, PART VI, SECTION C, LINE 19 GOODWILL MAKES GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. EXPLANATION 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 OF THE VALLEYS FOUNDATION, INC. AND GOODWILL INDUSTRIES OF THE VALLEY WORKS WHICH ARE REPORTED ON SEPARATE 990 FORMS. EXPLANATION: FORM 990, PART XII, LINE 2C: GOODWILL HAS VARIOUS COMMITTEES (AUDIT, EXECUTIVE AND FINANCE) THAT ASSUME THE CORRESPONDING RESPONSIBILITIES FOR THE OVERSIGHT OF THE AUDIT AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT, AS WELL AS THE REVIEW OF THE FINANCIAL STATEMENTS. GOODWILL OF THE VALLEYS FOUNDATION INC 2502 MELROSE AVENUE NW ROANOKE VA 24017 541342212 PART VII VA 501(C)(3) LINE 11A GOODWILL INDUSTRIES OF THE VALLEYS INC 1 GOODWILL INDUSTRIES OF THE VALLEYS INC 2502 MELROSE AVENUE NW ROANOKE VA 24017 540884014 PART VII VA 501(C)(3) LINE 7 0 0 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 GOODWILL INDUSTRIES OF THE VALLEYS INC D 1590469 INTERCOMPANY BALANCES GOODWILL INDUSTRIES OF THE VALLEYS INC K 1127774 EXPENSES INCURRED BY VALLEYS GOODWILL INDUSTRIES OF THE VALLEYS INC M 3582522 EXPENSES INCURRED BY VALLEYS PRIMARY ACTIVITY PART II, LINE 1B RAISE FUNDS TO SUPPORT PEOPLE WITH DISABILITIES AT GOODWILL INDUSTRIES OF THE VALLEYS, INC. PRIMARY ACTIVITY PART II, LINE 2B HELPING PEOPLE AND FAMILIES IN OUR COMMUNITY ACHIEVE A BETTER LIFE THROUGH WORK AND INDEPENDENCE.