2011-07-15T14:10:10-05:00 2010-12-31 BROWN EDWARDS & COMPANY LLP 2215 LANGHORNE ROAD SUITE 102 LYNCHBURG VA 24501 990 2010-01-01 540884014 GOODWILL INDUSTRIES OF THE VALLEYS INC GOOD 5405810620 2502 MELROSE AVE NW ROANOKE VA 24017 BRUCE PHIPPS 5405810620 2011-07-15 1 SONNY WALKER MORRIS 4349489000 2010 2016-03-07 17:11:31Z BRUCE PHIPPS 2502 MELROSE AVENUE NW ROANOKE VA 24017 16857569 0 X WWW.GOODWILLVALLEYS.COM X 1970 VA HELPING PEOPLE AND FAMILIES IN OUR COMMUNITY ACHIEVE A BETTER LIFE THROUGH WORK AND INDEPENDENCE. 18 18 981 316 0 0 17284084 430367 1676382 12178572 19916 37649 1018430 4210981 19998812 16857569 0 0 0 0 12021357 12183008 0 0 0 7206272 6423968 19227629 18606976 771183 -1749407 26197943 23670872 11590876 10834434 14607067 12836438 X TO HELP PEOPLE AND FAMILIES IN THE COMMUNITY ACHIEVE A BETTER LIFE THROUGH WORK AND INDEPENDENCE. 0 0 4376419 3711134 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. 8387762 8467438 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 OPPORTUNTIES. 1233249 4210981 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. 1233249 4210981 13997430 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 1 0 0 1 981 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 18 18 0 0 1 0 0 0 0 1 1 1 1 1 1 1 1 1 1 1 1 0 0 VA X THE CORPORATION 5405810620 2502 MELROSE AVE NW ROANOKE VA 24017 JEFFREY GLENN 1.00 X 0 0 0 JOHN COKER 1.00 X 0 0 0 HOWARD LYON 1.00 X 0 0 0 LISA ISON 1.00 X 0 0 0 BRUCE PHIPPS 40.00 X X 233172 0 25510 ROBERT ARCHER 1.00 X 0 0 0 JAMES AREND 1.00 X 0 0 0 NEIL BIRKHOFF 1.00 X 0 0 0 LEWIS BISHOP 1.00 X 0 0 0 BEN BOWMAN 1.00 X 0 0 0 JANE CONLIN 1.00 X 0 0 0 SHARON JOHNSON 1.00 X 0 0 0 MELINDA PAYNE 1.00 X 0 0 0 RHONDA SHANNON 1.00 X 0 0 0 JEFFREY A VAN DOREN 1.00 X 0 0 0 ONZLEE WARE 1.00 X 0 0 0 MATT WEBB 1.00 X 0 0 0 WILLIAM WHITE 1.00 X 0 0 0 RANDALL YOUNG 1.00 X 0 0 0 MARLA JACKSON 40.00 X 157943 0 5127 LINDA LAMONA 40.00 X 126789 0 8324 JIM SHAVER 40.00 X 115997 0 11538 PHIL JONES 40.00 X 113958 0 11426 LINDA MATTHEWS 40.00 X 111762 0 10993 859621 0 72918 7 0 1 0 NEW RIVER VALLEY SENIOR SERVICES 141 EAST MAIN STREET SUITE 500 PULASKI VA 24301 TRANSPORTATION SERVICE 142734 WASHENBERGER CONSTRUCTION 2746 WEST MAIN STREET SALEM VA 24153 CONSTRUCTION 118904 BRAME SPECIALTY COMPANY PO BOX 271 DURHAM NC 27702 JANITORIAL 100329 3 142931 287436 25032 430367 PROGRAM FEES 561300 12178572 12178572 12178572 23774 23774 13875 13875 13875 13875 884137 884137 884137 MANAGEMENT FEES - GIV 541610 2913202 2913202 GIV WORKS - LEASE FEE 561300 323346 323346 REGISTRATION AND USER 561300 33164 33164 57132 57132 3326844 16857569 16389553 0 37649 236356 236356 10138797 8253369 1885428 1067113 817241 249872 740742 595204 145538 25836 25836 165642 90594 75048 224446 51722 172724 141251 30872 110379 324778 233095 91683 955579 477834 477745 534485 479832 54653 327839 71004 256835 177787 177787 278131 64730 213401 227034 39995 187039 DIRECT PROGRAM EXPENSES 2462947 2462947 DIRECT SUPPLIES 227735 226164 1571 OTHER EXPENSES 196043 17175 178868 EQUIPMENT RENTAL AND MA 54514 38837 15677 DUES & SUBSCRIPTIONS 35026 4086 30940 64895 42729 22166 18606976 13997430 4609546 0 6917850 153813 821821 5286183 213139 288757 2239010 2238615 101310 520512 103798 23531469 8747353 15126309 14784116 555554 257992 260036 26197943 23670872 1968028 1755575 7500 210548 6400000 7454789 2542664 672684 1413522 11590876 10834434 X 14364920 12649534 242147 186904 14607067 12836438 26197943 23670872 X -1749407 -21222 X X 0 1 1 X 1 1 X 5234569 8482370 34134001 17257616 8233144 73341700 5234569 8482370 34134001 17257616 8233144 73341700 73341700 303455 333043 132025 10459 23774 802756 134421 24836 159257 129538 140750 83430 90017 133213 576948 74880661 102200157 0.97940 0.97520 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2127323 2127323 12208206 2089048 10119158 1562671 1143777 418894 7499912 5514528 1985384 133357 133357 14784116 SWAP CONTRACT ON LONG-TERM DEBT-SOUTHERN BOND 203443 SWAP CONTRACT ON LONG-TERM DEBT-MELROSE BOND 658364 DUE TO AFFILIATES 551715 1413522 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: PART X: THE FEDERAL INCOME TAX RETURNS OF THE ORGANIZATION FOR 2008, 2009, AND 2010 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 THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A)(2) OF THE INTERNAL REVENUE CODE AND QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION FOR INDIVIDUAL DONORS. X 1 1 X X X X X 0 0 0 0 0 1 1 0 0 BRUCE PHIPPS 218569 0 8750 0 5853 0 12255 0 13255 0 258682 0 0 0 MARLA JACKSON 147880 0 4500 0 5563 0 4450 0 677 0 163070 0 0 0 PART I, LINE 1A CEO HAS COMPANION TRAVEL EXPENSE REIMBURSED TWICE A YEAR TO GOODWILL INDUSTRIES MEMBER EVENTS. THE CEO'S AMOUNT FOR 403B PLAN WAS $5,499 AND FOR 457 PLAN WAS $6,756. 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 ORGANIZATION, GOODWILL INDUSTRIES OF THE VALLEY WORKS (27-0953369). IDA BOTETOURT COUNTY 521325578 2007-12-21 6400000 THE PURCHASE OF REAL ESTATE AND EQUIPMENT FOR THE JOBS CAMPUS. 0 0 0 6400000 449836 92997 6307003 2009 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 X RECYCLED DELL COMPUTERS 4434 25032 2 CENTS PER POUND 0 0 0 FORM 990, PART VI, SECTION A, LINE 4 BEGINNING JANUARY 1, 2010, GOODWILL INDUSTRIES OF THE VALLEY WORKS ("WORKS," FEIN 27-0953369) WAS ORGANIZED AND WILL BE OPERATED EXCLUSIVELY FOR THE BENEFIT OF GOODWILL INDUSTRIES OF THE VALLEYS, INC. ("GOODWILL," FEIN 54-0884014). WORKS IS TO BE OPERATED FOR THE EXCLUSIVE BENEFIT OF GOODWILL, TO OPERATE RETAIL STORES, DISTRIBUTION CENTERS, AND INDUSTRIAL COMMERCIAL BUSINESS. PRIOR TO JANUARY 1, 2010, WORKS' BUSINESS SEGMENTS WERE REPORTED TO THE U.S. CENSUS BUREAU UNDER GOODWILL'S FEDERAL IDENTIFICATION NUMBER. FORM 990, PART VI, SECTION B, LINE 11 THE AUDIT AND COMPLIANCE COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS THE FORM 990 BEFORE IT IS SIGNED BY THE CEO AND 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 ORGANIZATIONS CONFLICT OF INTEREST PLAN. FORM 990, PART VI, SECTION B, LINE 15A ORGANIZATION'S CEO COMPENSATION IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS ANNUALLY. IN ESTABLISHING THE COMPENSATION, THE COMPENSATION COMMITTEE UTILIZES AN INDEPENDENT COMPENSATION CONSULTANT AS WELL AS A COMPENSATION STUDY. THERE IS ALSO A WRITTEN EMPLOYMENT CONTRACT. FORM 990, PART VI, SECTION C, LINE 19 GOODWILL MAKES GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. CONTACT ADDRESSES FOR OFFICERS, DIRECTORS, ETC FORM 990, PART VII JEFFREY A VAN DOREN - POARCH VAN DOREN LAW FIRM, 105 RESSLING AVE., SALEM, VA 24153. BEN BOWMAN - PO BOX 5311, MARTINSVILLE, VA 24115. JEFFREY GLENN - 111 FRANKLIN ROAD SE, SUITE 508, ROANOKE, VA 24011. LISA ISON - 1390 B SOUTHSIDE DR, SALEM, VA 24153. ROBERT ARCHER - 44-46 BARLEY DR PO BOX 7000, SALEM, VA 24153. JOHN COKER - 332 STONEHAVEN LANE, BLUE RIDGE, VA 24064. JANE CONLIN - 1510 WILLIAMSON ROAD, ROANOKE, VA 24012. HOWARD LYON - PO BOX 13007, ROANOKE, VA 24030. MELINDA PAYNE - PO BOX 869, SALEM, VA 24153. RANDALL YOUNG - 2008 AIRPORT ROAD, ROANOKE, VA 24012. JAMES AREND - 5260 CROSSBOW CIRCLE #18F, ROANOKE, VA 24018. NEIL BIRKHOFF - 10 SOUTH JEFFERSON STREET SUITE 1400, ROANOKE, VA 24011. LEWIS BISHOP - 1813 E. MAIN STREET, SALEM, VA 24153. SHARON JOHNSON - 122 WINDERMERE DRIVE, WAYNESBORO, VA 22980. RHONDA SHANNON - 213 S. JEFFERSON STREET, SUITE 812, ROANOKE, VA 24011. ONZLEE WARE - 325 NORTH JEFFERSON STREET, ROANOKE, VA 24016. MATT WEBB - 111 FRANKLIN ROAD SE, SUITE 508, ROANOKE, VA 24011. WILLIAM WHITE - 902 LAFAYETTE BLVD., NW, ROANOKE, VA 24017. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: GOODWILL INDUSTRIES OF THE VALLEYS WORKS, INC. BEGINNING NET ASSETS -21,222. TOTAL TO FORM 990, PART XI, LINE 5: -21,222. PART XII, LINE 2C EXPLANATION 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. PART XII, LINE 2B EXPLANATION 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 FOUNDATION AND GOODWILL INDUSTRIES OF THE VALLEY WORKS WHICH ARE REPORTED ON SEPARATE 990 FORMS. GOODWILL OF THE VALLEYS FOUNDATION INC 2502 MELROSE AVENUE NW ROANOKE VA 24017 541342212 RAISE FUNDS TO SUPPORT THOSE DISABLED AT GOODWILL INDUSTRIES OF THE VALLEYS VA 501(C)(3) TYPE I N/A 0 GOODWILL INDUSTRIES OF THE VALLEY WORKS 2502 MELROSE AVENUE NW ROANOKE VA 24017 270953369 OPERATED EXCLUSIVELY FOR THE BENEFIT OF GOODWILL INDUSTRIES OF THE VALLEYS. VA 501(C)(3) TYPE II N/A 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 GOODWILL INDUSTRIES OF THE VALLEY WORKS E 551715 AMOUNT BORROWED GOODWILL INDUSTRIES OF THE VALLEY WORKS I 323346 EXPENSES INCURRED GOODWILL INDUSTRIES OF THE VALLEY WORKS K 2913202 EXPENSES INCURRED