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New York BBB Wise Giving Report for
Goodwill Industries of Greater New York & Northern New Jersey

A BBB Accredited charity

 



Expiration Date:
05/2016
Name:
Goodwill Industries of Greater New York & Northern New Jersey
Address:
4-21 27th Avenue
Astoria, NY 11102
Phone:
718-728-5400
Year, State Incorporated:
1920, New York
Affiliates:
None
Stated Purpose:
" Goodwill Industries empowers individuals with disabilities and other barriers to employment to gain independence through the power of work. We at Goodwill Industries will only be satisfied when every person in the communities we serve has the opportunity to achieve full potential as an individual and to participate and contribute in all aspects of a productive life. "





Evaluation Conclusions
 

              
Goodwill Industries of Greater New York & Northern New Jersey meets the 20 Standards for Charity Accountability.




Programs
 

              
Goodwill Industries of Greater New York and Northern New Jersey provides services for more than 110,000 persons a year with disabilities and disadvantages. The organization has 80 programs at more than 30 sites in each of the five boroughs of New York City, Northern New Jersey and Long Island and 34 retail stores that stretch as far north as Albany. Goodwill’s programs and services provide “a hand up, not a handout” to persons with disabilities and disadvantages, the unemployed, youth and inner-city communities, offering a lifetime of follow-up. The focus of Goodwill is “the power of work” and the goal is to “overcome barriers to opportunity for people in need and facilitate empowerment, self-help and service.” Services include programs for persons with disabilities, workforce development programs, a WorkForce 1 Career Center, ex-offender programs, Member for Life to help program "graduates" and track retention, youth programs, community programs, stores, industrial contract services and GoodTemps temporary staffing services.



Governance
 

              
Chief Executive Officer:
Mr. William J. Forrester, President and CEO
Compensation*:
$568,362
Chair of the Board:
Mr. Michael S. Insel
Chair's Profession / Business Affiliation:
Kelley, Drye & Warren, LLP
Board Size:
15



*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.




Fund Raising
 

              
Method(s) Used:


Direct mail appeals, invitations to fund raising events, grant proposals
Fund raising costs were .9% of related contributions. (Related contributions, which totaled $63,634,049, are donations received as a result of fund raising activities.)




Tax Status
 

              
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.




Financial
 

              
The following information is based on Goodwill Industries of New York and New Jersey's Audited Financial Statements for the fiscal year ended June 30, 2012.

Source of Funds  

Industrial Operations

$44,654,223

Contributed Revenue - Donated Goods

35,762,928

Fees and Grants from Governmental Agencies

26,935,234

Tenant Rent

1,469,555

Contributions

877,644

Other

713,347

Endowment Earnings Appropriations

682,450

Bequests & Legacies

58,243

Total Income

$111,153,624

Program Expenses  

Industrial Operations

$70,901,131

Rehabilitation & Employment Services

28,569,816
Total Program Expenses:
Fund Raising Expenses
Administrative Expenses
Other Expenses

Total expenses

Expenses in Excess of Income

99,470,947
575,751
10,366,430
2,525,214

$112,938,342

$(1,784,718)




Uses of Funds as a % of Total Expenses


Programs: 88%  Fund Raising: 1%  Administrative 9%  Other Expenses: 2%
Roll the cursor over the pie chart to see the dollar amounts.


Beginning net assets $37,472,793
1,433,662
Ending net assets 37,121,737
Total liabilities 16,135,724

Total assets

$53,257,461






 

A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fundraising or promotional purposes and may not be reproduced or distributed in whole or in part.