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 270953369 GOODWILL INDUSTRIES OF THE VALLEY WORKS 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 X BRUCE PHIPPS 2502 MELROSE AVENUE NW ROANOKE VA 24017 31598736 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 1434 0 0 0 27494682 31229 105597 1156347 28787855 0 0 13963528 0 0 11539650 25503178 3284677 4603440 1297541 3305899 TO HELP PEOPLE AND FAMILIES IN THE COMMUNITY ACHIEVE A BETTER LIFE THROUGH WORK AND INDEPENDENCE. 0 0 25503178 1293141 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. 25503178 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 0 1 0 0 1 1434 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 X 18 18 0 0 1 0 0 0 0 1 1 1 0 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 0 233172 25510 ROBERT A ARCHER 1.00 X 0 0 0 JAMES W 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 R CONLIN 1.00 X 0 0 0 SHARON H 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 A YOUNG 1.00 X 0 0 0 JERRY KITE 40.00 X 106539 0 11315 DEBBIE WILLIAMS 40.00 X 112918 0 9095 219457 233172 45920 2 0 1 0 FRESH LOOK CLEANING LLC 3358 HOOPER ROAD FOREST VA 24551 JANITORIAL 178992 ADP PO BOX 9001006 LOUISVILLE KY 402901006 PAYROLL SERVICES 112689 2 27494682 27460247 27494682 HARLAN (STITCHER REPAI 561300 20329 20329 FOUNDATION USER FEE 561300 8400 8400 PROGRAM FEES 561300 2500 2500 31229 32 32 105565 105565 105565 105565 3934611 2810881 1123730 1123730 MISCELLANEOUS REVENUE 561300 12006 12006 SALES TAX DISCOUNT 900099 11588 11588 RECYCLING SALES 561300 4515 4515 4508 4508 32617 28787855 1293141 0 32 10969515 10969515 2132377 2132377 861636 861636 2913202 2913202 124485 124485 19486 19486 16384 16384 102163 102163 5714782 5714782 468398 468398 235650 235650 111539 111539 DIRECT SUPPLIES 461646 461646 GIV - LEASE FEES 323346 323346 DIRECT EXPENSE 310697 310697 INTEREST, NET SWAP ADJU 262423 262423 FREIGHT AND SHIPPING 172508 172508 302941 302941 25503178 25503178 0 0 2941169 49479 563839 127174 325931 0 595848 0 4603440 1116061 181480 0 1297541 X 3304899 1000 0 3305899 0 4603440 X 3284677 21222 X X 0 1 1 X 0 X X X X 0 0 0 GOODWILL INDUSTRIES OF THE VALLEYS INC 540884014 7 1 1 1 3284677 1 3284677 X 0 DUE FROM AFFILIATE 551715 DEPOSITS 44133 595848 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: PART X: THIS IS THE INITIAL RETURN FOR THE ORGANIZATION AND IN PRIOR YEARS IT WAS COMBINED WITH GOODWILL INDUSTRIES OF THE VALLEYS, INC. (EIN: 54-0884014). 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)(3) 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 0 218569 0 8750 0 5853 0 12255 0 13255 0 258682 0 0 PART I, LINE 1B CEO HAS COMPANION TRAVEL EXPENSE REIMBURSED TWICE A YEAR TO GOODWILL INDUSTRIES MEMBER EVENTS. THE CEO'S AMOUNT FOR 403B PLAN WAS $5499 AND FOR 457 PLAN WAS $6756. PART I, LINE 6 CEO BONUS COMPENSATION IS CALCULATED BASED IN PART ON NET EARNINGS OF THE ORGANIZATION CONSOLIDATED WITH THE NET EARNINGS OF THE RELATED ORGANIZATION, GOODWILL INDUSTRIES OF THE VALLEYS, INC. (54-0884014). SUPPLEMENTAL INFORMATION PART III THE CEO'S LISTED AMOUNT IS NOT PAID FROM THIS COMPANY, RATHER IT IS THE SAME ANNUAL SALARY AS LISTED ON THE RELATED COMPANY, GOODWILL INDUSTRIES OF THE VALLEYS, INC., AND AS SUCH IS PAID BY THAT COMPANY ONLY. X 27275923 RESALE VALUE X 47 52720 AUCTION PRICE X 3 1430 AUCTION PRICE X RECYCLED DELL COMPUTERS 4434 130174 9 CENTS PER POUND 0 0 1 THIRD PARTY USE: PART I, LINE 32B: GOODWILL CONTRACTS WITH ROANOKE AUTO AUCTION TO PROCESS AND SELL THE DONATED VEHICLES. FORM 990, PART VI, SECTION A, LINE 4 BEGINNING JANUARY 1, 2010, GOODWILL INDUSTRIES OF THE VALLEY WORKS ("WORKS") 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 ORGANIZATION'S 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 CONTRTACT. 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 GLENN - 111 FRANKLIN ROAD SE, SUITE 508, ROANOKE, VA 24011. JOHN COKER - 332 STONEHAVEN LANE, BLUE RIDGE, VA 24064. HOWARD LYON - PO BOX 13007, ROANOKE, VA 24030. LISA ISON - 1390 B SOUTHSIDE DR, SALEM, VA 24153. ROBERT A. ARCHER - 44-46 BARLEY DR PO BOX 7000, SALEM, VA 24153. JAMES W. 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. BEN BOWMAN - PO BOX 5311, MARTINSVILLE, VA 24115. JANE R. CONLIN - 1510 WILLAMSON ROAD, ROANOKE, VA 24012. SHARON H. JOHNSON - 122 WINDERMERE DRIVE, WAYNESBORO, VA 22980. MELINDA PAYNE - PO BOX 869 , SALEM, VA 24153. RHONDA SHANNON - 213 S, JEFFERSON STREET, SUITE 812, ROANOKE, VA 24011. JEFFREY A. VAN DOREN - POARCH VAN DOREN LAW FIRM, 105 RESSLING AVE., SALEM, VA 24153. 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. RANDALL A. YOUNG - 2008 AIRPORT ROAD, ROANOKE, VA 24012. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: BEGINNING NET ASSETS FROM GOODWILL INDUSTRIES OF THE VALLEYS, INC. 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 VALLEY WORKS PREPARES CONSOLIDATED FINANCIAL STATEMENTS WHICH ARE AUDITED BY AN INDEPENDENT ACCOUNTING FIRM. GOODWILL INDUSTRIES OF THE VALLEY WORKS IS CONSOLIDATED WITH GOODWILL OF THE VALLEYS FOUNDATION, INC. AND GOODWILL INDUSTRIES OF THE VALLEYS, INC. 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 PEOPLE WITH DISABILITIES AT GOODWILL INDUSTRIES OF TH VA 501(C)(3) TYPE I N/A 0 GOODWILL INDUSTRIES OF THE VALLEYS INC 2502 MELROSE AVENUE NW ROANOKE VA 24017 540884014 HELPING PEOPLE AND FAMILIES IN OUR COMMUNITY ACHIEVE A BETTER LIFE VA 501(C)(3) 170(B)(1)(A)(VI) N/A 0 0 0 0 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 GOODWILL INDUSTRIES OF THE VALLEYS INC D 551715 AMOUNT LOANED GOODWILL INDUSTRIES OF THE VALLEYS INC J 323346 EXPENSES INCURRED BY VALLEYS GOODWILL INDUSTRIES OF THE VALLEYS INC L 2913202 EXPENSES INCURRED BY VALLEYS