Goodwill Education Initiatives Inc

What it reported doing in 2024

See schedule o.goodwill education initiatives (gei) provides educational opportunities designed to enable young people and adults to enhance their success in life and work. Goodwill legacy group (glg ), a not-for-profit corporation related to gei, formed gei in 2004 in response to the large number of young people seeking employment and other services at goodwill with limited career opportunities and without a high school diploma. Gei operates the indianapolis metropolitan high school (the met), a public charter school in an economically depressed urban area in indianapolis under the Indiana charter school laws and the chartering authority of the mayor of indianapolis. Gei also operates the excel centers, Indiana public charter high schools primarily serving adults who previously dropped out of high school and who wish to obtain their high school diploma. The met and one excel center location occupy space in goodwill's indianapolis headquarters building. Two excel centers occupy space owned by glg, two excel centers occupy space owned by gei, and the other excel centers lease space from third parties. Gei contracts with goodwill for certain business support services, including human resources, safety & security, information technology, facilities, finance, and marketing. The excel centers operated in 18 locations in central Indiana in fiscal year 2024-2025.the met primarily serves students who are in foster care, have been involved with the juvenile justice system, and/or have struggled in other school settings.since inception, more than 700 students have graduated from the met, and 64% of those graduates have gone on to some form of post-secondary education or training and remain in school two years after graduation.the excel center opened its first location in august 2010 and completed its fifteenth year of operations on june 30, 2025. Due to the high demand for its services, the excel center has expanded to 18 locations throughout central and southern Indiana and student enrollment has grown to over 4,600 students. Since inception over 9,500 students have graduated from the excel center. Students have varying degrees of academic credits and capabilities when they enroll.excel center students attend classes and connect with a life coach who helps them navigate the barriers that stand in the way of their educational attainment. Demand for excel center enrollment continues to exceed capacity. As a result, gei plans to open additional facilities as Indiana legislation and public funding allows.

Financial Efficiency

• Mission deployment rate: 83.1%; rating input score 83
• Program expense ratio: 84%; rating input score 84
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
• Pay-setting controls: 5 of 6 controls in place; rating input score 83
  • Compensation committee: Pass
  • Independent consultant: Pass
  • Other Form 990s reviewed: Pass
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 0.7%; rating input score 36; 36th percentile among comparable filings
• Total-asset coverage ratio: 1.02; rating input score 37; 37th percentile among comparable filings
• Liabilities to assets ratio: 0.32; rating input score 44; 44th percentile among comparable filings
• Officer compensation ratio: 2.1%; rating input score 76; 76th percentile among comparable filings

Growth

• Program expense growth: 5.4% per year; rating input score 100; 45th percentile among comparable filings
• Revenue growth: 7.4% per year; rating input score 100; 62nd percentile among comparable filings
• Asset growth: 13.9% per year; rating input score 100; 78th percentile among comparable filings