Goodwill Industries of the Greater East Bay Inc
Nonprofit profile at a glance
- EIN
- 941186175
- IRS 990 coverage
- 2010–2020
- Forms available
- Form 990 2020
- Location
- Oakland, CA, USA
- Phone
- 5106987200
- Rating
- 87
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Human Services
Reported finances
- Revenue
- $22,285,585
- Expenses
- $31,516,802
- Assets
- $13,648,555
- Liabilities
- $12,668,054
Source: IRS Form 990. Selected filing: tax year 2020. Amounts in USD.
Leadership & pay
19 people listed
Executive titles in this filing
- MIKE KEENAN (PRESIDENT & CEO)
Highest reported compensation
- MIKE KEENAN (PRESIDENT & CEO): $275,700 total reported compensation
- MITTIE GRIGSBY (CHIEF FINANCIAL OFFICER): $210,000 total reported compensation
- MATHEW D HOFFMAN (CHIEF PROGRAMS OFFICER): $170,000 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Our mission is to turn donations into jobs - offering lifetime purpose and opportunity.
What it reported doing in 2020
Goodwill provides hands-on, paid job training to those facing barriers to employment, such as multi-generational poverty, history of incarceration, limited education or english language skills, no work experience, and disabilities. While participants receive real-life job training, they also participate in case management support services and attend classes in employment readiness, computer literacy, and job search skills. Nearly forty percent of all jobs performed within the social enterprise operated by goodwill industries of the greater east bay are performed by those who are not employable in the labor market and are learning how to work in order to become competitively employed.
Operating model
- Revenue model
- Donor-supported. 87% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 96
- Transparency & Controls: 84
- Accountability: 96
- Sustainability: 13
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 90.6%; rating input score 91
- Fundraising efficiency: $216.29 raised per $1 spent on fundraising; rating input score 88; 88th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Pass
- Independent consultant: Missing
- 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: 92.9%; rating input score 93; 27th 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: -41.4%; rating input score 2; 2nd percentile among comparable filings
- Total-asset coverage ratio: 0.43; rating input score 14; 14th percentile among comparable filings
- Liabilities to assets ratio: 0.93; rating input score 9; 9th percentile among comparable filings
- Officer compensation ratio: 3.3%; rating input score 60; 60th percentile among comparable filings
Growth
- Program expense growth: 4.4% per year; rating input score 100; 49th percentile among comparable filings
- Revenue growth: 2.6% per year; rating input score 100; 30th percentile among comparable filings
- Asset growth: -2.5% per year; rating input score 0; 7th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 90.6% of spending went to programs
- Governance: 13 of 14 board members independent · 9 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $28.5M in reported program spending
- Leadership: top reported pay $276K · 19 people listed · 4 of 6 pay-setting controls reported
- Highest-paid contractors: 2 contractors listed · $239K reported
- Consistency: 30 of 30 current checks pass
- Schedules: 7 filed schedules · includes major donors and executive pay
- Filing history: 11 filing years from 2010 to 2020
- Contacts: How to reach this organization
- Money network: 6 filed money-flow records
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 2/100.
- High — Sustainability: Total-asset coverage ratio scored 14/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 9/100.