Goodwill Foundation Inc in Bradenton, Florida (FL)

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Goodwill Foundation Inc
Employer Identification Number (EIN)650901170
Name of OrganizationGoodwill Foundation Inc
In Care of NameZoltan Karpathy
Address2705 51st Ave E, Bradenton, FL 34203-3937
SubsectionCharitable Organization, Educational Organization
Ruling Date01/2000
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$100,000 to $499,999
Income$25,000 to $99,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$200,740
Amount of Income$64,176
Form 990 Revenue Amount$55,488
National Taxonomy of Exempt Entities (NTEE)Employment, Job-Related: Single Organization Support


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Amount of income in 2013: $64,176
Goodwill Foundation Inc: 

 $64,176
Other organizations performing similar types of work: 

 $109,806

Assets in 2013: $200,740
This organization: 

 $200,740
Other organizations performing similar types of work: 

 $648,161

Expenses in 2013: $110,820
This organization: 

 $110,820
Other organizations performing similar types of work: 

 $101,829

Income to expenses ratio in 2013: 0.6
This organization: 

 0.6
Other organizations performing similar types of work: 

 4.5

Expenses allocated to program services in 2006: 78.6%
This organization: 

 78.6%
Other organizations performing similar types of work: 

 78.6%

Grants share in income in 2013: 52.6%
Goodwill Foundation Inc: 

 52.6%
Other organizations performing similar types of work: 

 17.6%

Financial snapshot ($)

Revenue for 2013

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$55,488
Contributions, gifts, grants, and similar amounts received$29,163
Program service revenue including government fees and contracts$0
Membership dues and assessments$0
Investment income$8
Gain/Loss from sale of assets other than inventory$0
Net income/loss from gaming and fundraising events$125,683$-46,755$26,317
Gross income from gaming$0$0$0
Gross income from fundraising events$35,005
Less: direct expenses from gaming and fundraising events$8,688
Gross profit/loss from sales of inventory$0
Other revenue$0
Total expenses$110,820
Total net assets$200,740
Excess/Deficit for the year$-55,332
Net assets or fund balances at beginning of year$242,164
Other changes in net assets or fund balances$13,908
Net assets or fund balances at end of year$200,740
Balance Sheets
201120122013
Total assets$633,680$399,532$200,740
Total liabilities$37,070$157,368$0
Net assets or fund balances$200,740
Other Information
201120122013
Did the organization engage in any significant activity not previously reported to the IRS?No
Were any significant changes made to the organizing or governing documents?No
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?No
Amount of political expenditures, direct or indirect$0
Did the organization file Form 1120-POL for this year?No
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?No
Total amount involved$0
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ?No
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013)
2009 - 2013 Total
Public Support$1,835,142
Subtotal Support$2,044,567
Gifts, grants, contributions, and membership fees received$2,044,567
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support$209,425
Total Support$2,264,354
Public Support$2,044,567
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$6,366
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income. Do not include gain or loss from the sale of capital assets$213,421
Gross receipts from related activities, etc.$0
Revenue, Expenses, and Changes in Net Assets or Fund Balances
2000200120022003200420052006
Total revenue$494,071$785,079$1,363,487$615,953$483,751$756,356$1,039,924
Contributions, gifts, grants, and similar amounts received$436,605$773,551$1,309,972$474,239$418,325$694,463$874,300
Contributions to donor advised funds$0
Direct public support$436,605$773,551$1,309,972$474,239$418,325$694,463$874,300
Indirect public support$0$0$0$0$0$0$0
Government contributions (grants)$0$0$0$0$0$0$0
Program service revenue including government fees and contracts$0$0$0$0$0$0$0
Membership dues and assessments$0$0$0$0$0$0$0
Interest on savings and temporary cash investments$770$2,961$14,059$75,195$0$1,909$6,344
Dividends and interest from securities$39,043$10,720$2,834$0$2,442$0$0
Net rental income or (loss)$0$0$0$0$0$0$0
Gross rents$0$0$0$0$0$0$0
Less: rental expenses$0$0$0$0$0$0$0
Other investment income$6,430$6,545$49,642$68,535$63,421$59,984$14,431
Gain or (loss) from sales of assets other than inventory$11,223$-8,698$-13,020$-2,016$-437$0$0
Gross amount from sales of assets other than inventory$11,223$0$0$0$14,733$0$0
Less: cost or other basis and sales expenses$0$8,698$13,020$2,016$15,170$0$0
Net income or (loss) from special events and activities$0$0$0$0$0$0$144,849
Gross revenue$0$0$0$0$0$0$173,256
Less: direct expenses other than fundraising expenses$0$0$0$0$0$0$28,407
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0$0$0
Other revenue$0$0$0$0$0$0$0
Total expenses$1,497,040$595,919$813,981$950,972$592,774$681,238$1,516,026
Program services$1,075,863$180,142$429,840$597,549$277,780$348,500$1,191,571
Management and general$77,634$77,094$72,980$64,375$55,946$57,623$67,221
Fundraising$343,543$338,683$311,161$289,048$259,048$275,115$257,234
Payments to affiliates$0$0$0$0$0$0$0
Net assets or fund balances at end of year$1,142,006$1,277,276$1,811,899$1,476,880$1,393,640$1,459,157$984,568
Excess or (deficit) for the year$-1,002,969$189,160$549,506$-335,019$-109,023$75,118$-476,102
Net assets or fund balances at beginning of year$2,192,795$1,142,006$1,277,276$1,811,899$1,476,880$1,393,640$1,459,157
Other changes in net assets or fund balances$-47,820$-53,890$-14,883$0$25,783$-9,601$1,513
Statement of Functional Expenses (for 2006)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$1,516,026$1,191,571$67,221$257,234
Grants paid from donor advised funds$0
Other grants and allocations$0
Specific assistance to individuals$111,915
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$122,134$0$24,427$97,707
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$141,560$0$28,312$113,248
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$0$0$0$0
Payroll taxes$0$0$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$0$0$0$0
Legal fees$0$0$0$0
Supplies$12,849$0$2,570$10,279
Telephone$0$0$0$0
Postage and shipping$0$0$0$0
Occupancy$0$0$0$0
Equipment rental and maintenance$0$0$0$0
Printing and publications$1,439$0$288$1,151
Travel$4,976$0$996$3,980
Conferences, conventions, and meetings$9,162$0$1,832$7,330
Interest$0$0$0$0
Depreciation, depletion, etc.$4,431$0$886$3,545
Other expenses not covered above$1,107,560$1,079,656$7,910$19,994
Balance Sheets
2000200120022003200420052006
Total assets$1,149,668$1,299,435$1,827,005$1,484,670$1,452,002$1,544,297$1,061,421
Cash - non-interest-bearing$43,370$318,271$140,824$82,275$131,293$251,155$502,932
Savings and temporary cash investments$470,850$141,426$426,366$359,583$278,562$241,320$67,772
Accounts receivable less allowance for doubtful accounts$227,882$0$0$0$0$0$0
Pledges receivable less allowance for doubtful accounts$376,505$514,850$168,953$191,121$251,688$200,730$318,895
Grants receivable$0$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0
Other notes and loans receivable less allowance for doubtful accounts$0$306,545$931,187$693,802$634,719$685,819$10,980
Inventories for sale or use$0$0$0$0$0$0$0
Prepaid expenses and deferred charges$3,610$609$609$609$609$0$0
Investments - publicly-traded securities$0
Investments - other securities$0$0$0$0$0$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0
Investments - other$0$0$0$0$0$0$0
Land, buildings, and equipment less accumulated depreciation$27,451$17,734$159,066$157,280$155,131$165,273$160,842
Other assets, including program-related investments$0$0$0$0$0$0$0
Total liabilities$7,662$22,159$15,106$7,790$58,362$85,140$76,853
Accounts payable and accrued expenses$7,662$22,159$15,106$7,790$58,362$85,140$76,853
Grants payable$0$0$0$0$0$0$0
Deferred revenue$0$0$0$0$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0$0
Mortgages and other notes payable$0$0$0$0$0$0$0
Other liabilities$0$0$0$0$0$0$0
Total liabilities and net assets/fund balances$1,149,668$1,299,435$1,827,005$1,484,670$1,452,002$1,544,297$1,061,421
Total net assets or fund balances$1,142,006$1,277,276$1,811,899$1,476,880$1,393,640$1,459,157$984,568
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
2000200120022003200420052006
Total revenue$494,071$785,079$1,363,487$615,953$483,751$756,356$1,039,924
Total revenue, gains, and other support per audited financial statements$446,251$731,189$1,348,604$626,473$509,534$761,227$1,069,844
Other expenses$0$0$-14,883$10,520$25,783$4,871$29,920
Net unrealized gains on investments$0$0$0$0$25,783$4,871$1,513
Donated services and use of facilities$0$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0$0
Other$0$0$-14,883$10,520$0$0$28,407
Other revenue$47,820$53,890$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0
Other$47,820$53,890$0$0$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
2000200120022003200420052006
Total expenses$1,497,040$595,919$813,981$950,972$592,774$681,238$1,516,026
Total expenses and losses per audited financial statements$1,497,040$595,919$813,981$950,972$592,774$681,238$1,544,433
Other revenue$0$0$0$0$0$0$28,407
Donated services and use of facilities$0$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$28,407
Other expenses$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings13
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?Yes
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 20062
Analysis of Income-Producing Activities (for 2006)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$0$165,624
Program service revenue
Program service revenue 1000000$000$0$0
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$000$0$6,344
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$14,431
Gain or (loss) from sales of assets other than inventory000000$000$0$0
Net income or (loss) from special events000000$000$0$144,849
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2006)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2006)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2006)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that receives a substantial part of its support from a governmental unit or from the general public
Support Schedule
1999200020012002200320042005
Total$325,523$484,319$632,327$1,583,083$602,673$423,424$807,314
Gifts, grants, and contributions received$325,349$438,076$612,101$1,566,190$452,071$357,758$745,421
Membership fees received$0$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$174$46,243$20,226$16,893$150,602$65,666$61,893
Net income from unrelated business activities not included above$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0
Other income$0$0$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2006)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Total4

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