2013-06-25T12:11:42-05:00 2012-12-31 560574444 CHERRY BEKAERT LLP 410 FIRST STREET ROANOKE VA 24011 990 2012-01-01 540884014 GOODWILL INDUSTRIES OF THE VALLEYS INC GOOD 5408510620 2502 MELROSE AVE NW ROANOKE VA 24017 BRUCE PHIPPS 5408510620 2013-06-25 1 F FULTON GALER P00296103 5403426911 2012 2016-02-25 16:41:14Z BRUCE PHIPPS 2502 MELROSE AVENUE NW ROANOKE VA 24017 15809093 0 X WWW.GOODWILLVALLEYS.COM X 1970 VA HELPING PEOPLE AND FAMILIES IN OUR COMMUNITY ACHIEVE A BETTER LIFE THROUGH WORK AND INDEPENDENCE. 18 18 737 373 0 0 248255 316499 11067974 9944957 92686 104853 5275547 5434434 16684462 15800743 0 0 0 0 12308176 11224601 0 0 8350 6166268 5892225 18474444 17116826 -1789982 -1316083 23306451 22757243 12259995 11473513 11046456 11283730 X TO HELP PEOPLE AND FAMILIES IN OUR COMMUNITY ACHIEVE A BETTER LIFE THROUGH WORK AND INDEPENDENCE. 0 0 4099614 3174800 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. 6788730 6769797 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. 774697 4754253 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. 774697 4754253 11663041 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 46 0 1 737 1 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 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 40.00 2.00 X 258445 0 26569 LINDA LAMONA 40.00 2.00 X 141095 0 9467 JIM SHAVER 40.00 2.00 X 120209 0 12446 PHIL JONES 40.00 2.00 X 133721 0 13120 LINDA MATTHEWS 40.00 2.00 X 125493 0 12604 JERRY KITE 40.00 1.00 X 0 115795 12481 778963 115795 86687 8 0 1 0 NEW RIVER VALLEY SENIOR SERVICE 141 EAST MAIN STREET SUITE 500 PULASKI VA 24301 TRANSPORTATION SERVICES 181467 NEWBILL CONSTRUCTION 105 DARLINGTON DRIVE ROCKY MOUNT VA 24151 CONSTRUCTION 160834 ROANOKE ROOFING & SHEET METAL CO PO BOX 12607 ROANOKE VA 24027 CONSTRUCTION 156370 3 123499 193000 23061 316499 PROGRAM FEES 561300 9944957 9944957 9944957 100703 100703 4150 0 4150 4150 4150 55544 8350 47194 47194 633347 0 633347 633347 MANAGEMENT FEES - GIV 541610 3582522 3582522 GIV WORKS-LEASE FEE 561300 1127773 1127773 REGISTRATION AND USER 561300 22543 22543 21055 21055 4753893 15800743 14698850 0 785394 X 258445 258445 9151480 7019356 2132124 94525 55546 38979 1049651 781623 268028 670500 510996 159504 33546 33546 114489 68169 46320 322053 79060 242993 173497 571 172926 206606 104663 101943 1459864 470700 989164 551226 485564 65662 74426 57960 16466 190973 190973 535930 65057 470873 79092 42934 36158 PROGRAM EXPENSES 1646601 1646601 OTHER EXPENSES 320150 95751 216049 8350 SUPPLIES 183772 178490 5282 17116826 11663041 5445435 8350 260939 3376684 5611970 4089 140231 137212 1647762 1600111 183352 167075 25879242 10621745 14875291 15257497 308892 1893471 278014 321104 23306451 22757243 1560287 1996309 149274 196795 6879988 6399984 3670446 2880425 12259995 11473513 X 10888210 11105009 158246 178721 11046456 11283730 23306451 22757243 X -1316083 1553357 X X 0 1 X 1 1 1 X 4563516 29339319 430367 248255 316499 34897956 4563516 29339319 430367 248255 316499 34897956 34897956 333043 132025 37649 69446 100703 672866 7225 23240 47194 77659 35648481 79304149 0.97890 0.98350 X 2127323 2127323 13163981 3050844 10113137 1848443 1362321 486122 8077869 6208580 1869289 661626 661626 15257497 INVESTMENTS 1879146 C FUNDS HELD BY OTHERS 14325 C 1893471 DEBT-SOUTHERN BOND 211530 DEBT-MELROSE BOND 1041426 DUE TO AFFILIATES 1590469 PLEDGES PAYABLE 37000 2880425 X DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE FEDERAL INCOME TAX RETURNS OF THE ORGANIZATION FOR 2010, 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)(1)THAT IS NOT A PRIVATE FOUNDATION AND QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION FOR INDIVIDUAL DONORS. FASHION SHOW 55544 55544 8350 55544 55544 8350 8350 47194 X 1 1 X X X X X 0 1 0 0 0 1 1 0 0 BRUCE PHIPPS 235371 0 18000 0 5074 0 11299 0 15270 0 285014 0 0 0 LINDA LAMONA 133515 0 6000 0 1580 0 3083 0 6384 0 150562 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 CFO OR VP OF FINANCE TWICE A YEAR. PART I, LINE 4B THE CEO'S EMPLOYER MATCH AMOUNT FOR 403B PLAN WAS $4,722 AND FOR THE 457 PLAN THE MATCH WAS $6,578. 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 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. FORM 990, PART VI, SECTION C, LINE 19 GOODWILL MAKES GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. MANAGEMENT EXPENSES: PART IX: THE ORGANIZATION INCLUDES THE ADMINISTRATIVE EXPENSES FOR THE TWO RELATED ENTITIES GOODWILL INDUSTRIES OF THE VALLEY WORKS AND GOODWILL OF THE VALLEYS FOUNDATION. THE MANAGEMENT TO TOTAL EXPENSE RATIO REFLECTING ALL THREE ENTITIES IS 12% IN THE CURRENT YEAR. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: TRANSFER OF ASSETS FROM RELATED ORGANIZATION BEFORE TERMINATION 1,553,357. 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 INDUSTRIES OF THE VALLEYS FOUNDATION INC 2502 MELROSE AVENUE NW ROANOKE VA 24017 541342212 PART VII VA 501(C)(3) LINE 11B GOODWILL INDUSTRIES OF THE VALLEYS INC 1 GOODWILL INDUSTRIES OF THE VALLEY WORKS 2502 MELROSE AVENUE NW ROANOKE VA 24017 270953369 PART VII 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 1590469 INTERCOMPANY BALANCES GOODWILL INDUSTRIES OF THE VALLEY WORKS J 1127774 EXPENSES INCURRED GOODWILL INDUSTRIES OF THE VALLEY WORKS L 3582522 MANAGEMENT EXPENSES GOODWILL FOUNDATION S 1553357 FMV SECURITIES 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 OPERATED EXCLUSIVELY FOR THE BENEFIT OF GOODWILL INDUSTRIES OF THE VALLEYS, INC.