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Goodwill Industries of Eastern North Carolina, Inc.

Transforming lives through opportunities.

aka GIENC   |   Durham, NC   |  http://www.gienc.org
GuideStar Charity Check

Goodwill Industries of Eastern North Carolina, Inc.

EIN: 56-0861003


Mission

To create and provide education, employment, and life enrichment opportunities regionally, nationally, and internationally for people who desire to improve the quality of their lives.

Ruling year info

1964

President

Mr. Christopher Hash

Main address

4721 Emperor Blvd, Suite 260

Durham, NC 27703 USA

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EIN

56-0861003

Subject area info

Computer literacy

Nonprofits

Employment

Human services information

Thrift shops

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Population served info

Economically disadvantaged people

At-risk youth

Victims of disaster

Unemployed people

Veterans

NTEE code info

Adult, Continuing Education (B60)

Employment, Job Related N.E.C. (J99)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Communication

Affiliations

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What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Various

Goodwill Industries of Eastern North Carolina, Inc. (GIENC®), a Durham-based tax-exempt organization, focuses on employment, education, and life-enrichment opportunities throughout 51 counties throughout Eastern North Carolina. GIENC® is affiliated with Goodwill Industries International (GII), a network of more than 157 community-based Goodwills throughout the United States and Canada. GIENC® employs over 200 individuals within 41 Employment Program Centers, where employees earn an average of $20 per hour including benefits.

Offering technology, math, and English skills training, GIENC® has been providing free online learning since 2001.

To donate or get more information about Goodwill Industries of Eastern North Carolina, Inc. visit www.gienc.org.

Population(s) Served
Unemployed people
Veterans
At-risk youth
Economically disadvantaged people

Where we work

Financials

Goodwill Industries of Eastern North Carolina, Inc.
Fiscal year: Jan 01 - Dec 31
done  Yes, financials were audited by an independent accountant. info

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022 info

SOURCE: IRS Form 990

0.38

Average of 0.40 over 10 years

Months of cash in 2022 info

SOURCE: IRS Form 990

6.7

Average of 1.6 over 10 years

Fringe rate in 2022 info

SOURCE: IRS Form 990

32%

Average of 29% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

Goodwill Industries of Eastern North Carolina, Inc.

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

Goodwill Industries of Eastern North Carolina, Inc.

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

Goodwill Industries of Eastern North Carolina, Inc.

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

This snapshot of Goodwill Industries of Eastern North Carolina, Inc.’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

Created in partnership with

Business model indicators

Profitability info 2018 2019 2020 2021 2022
Unrestricted surplus (deficit) before depreciation -$443,506 $387,717 $1,358,191 $19,639,337 $17,528,283
As % of expenses -1.9% 1.6% 7.4% 79.8% 67.3%
Unrestricted surplus (deficit) after depreciation -$804,302 $45,232 $1,016,333 $19,103,649 $15,942,608
As % of expenses -3.4% 0.2% 5.4% 75.9% 57.7%
Revenue composition info
Total revenue (unrestricted & restricted) $23,000,009 $24,029,518 $19,680,641 $44,260,656 $43,592,520
Total revenue, % change over prior year -5.9% 4.5% -18.1% 124.9% -1.5%
Program services revenue 0.0% 0.0% 0.0% 58.1% 100.0%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 0.0% 0.7% 0.0% 0.2% 0.0%
Government grants 0.0% 0.0% 0.0% 0.0% 0.0%
All other grants and contributions 100.0% 99.4% 99.8% 34.4% 0.1%
Other revenue 0.0% 0.0% 0.1% 7.2% -0.2%
Expense composition info
Total expenses before depreciation $23,403,397 $23,641,801 $18,322,630 $24,621,318 $26,064,237
Total expenses, % change over prior year -0.8% 1.0% -22.5% 34.4% 5.9%
Personnel 83.1% 82.2% 78.3% 69.1% 67.1%
Professional fees 0.4% 0.3% -0.5% 1.1% 0.6%
Occupancy 10.9% 10.7% 11.0% 10.8% 10.9%
Interest 0.0% 0.0% 0.0% 1.7% 7.6%
Pass-through 0.0% 0.0% 0.0% 7.1% 0.0%
All other expenses 5.5% 6.7% 11.2% 10.1% 13.8%
Full cost components (estimated) info 2018 2019 2020 2021 2022
Total expenses (after depreciation) $23,764,193 $23,984,286 $18,664,488 $25,157,006 $27,649,912
One month of savings $1,950,283 $1,970,150 $1,526,886 $2,051,777 $2,172,020
Debt principal payment $0 $0 $0 $0 $5,208,925
Fixed asset additions $0 $382,307 $0 $64,642,331 $0
Total full costs (estimated) $25,714,476 $26,336,743 $20,191,374 $91,851,114 $35,030,857

Capital structure indicators

Liquidity info 2018 2019 2020 2021 2022
Months of cash 0.1 0.1 1.7 4.9 6.7
Months of cash and investments 0.1 0.1 1.7 4.9 9.7
Months of estimated liquid unrestricted net assets -0.3 -0.3 0.3 6.9 12.0
Balance sheet composition info 2018 2019 2020 2021 2022
Cash $163,194 $191,370 $2,577,152 $9,991,148 $14,496,456
Investments $0 $0 $0 $0 $6,637,843
Receivables $273,625 $94,778 $1,884,223 $320,112 $324,715
Gross land, buildings, equipment (LBE) $6,245,490 $6,261,578 $6,528,532 $70,672,604 $69,851,906
Accumulated depreciation (as a % of LBE) 73.4% 72.8% 74.8% 7.0% 7.7%
Liabilities (as a % of assets) 69.2% 69.6% 72.2% 74.4% 60.5%
Unrestricted net assets $1,089,178 $1,134,410 $2,150,743 $21,254,392 $37,197,000
Temporarily restricted net assets $0 N/A N/A N/A N/A
Permanently restricted net assets $0 N/A N/A N/A N/A
Total restricted net assets $0 $0 $0 $0 $0
Total net assets $1,089,178 $1,134,410 $2,150,743 $21,254,392 $37,197,000

Key data checks

Key data checks info 2018 2019 2020 2021 2022
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Letter of Determination is not available for this organization
Form 1023/1024 is not available for this organization

President

Mr. Christopher Hash

Number of employees

Source: IRS Form 990

Goodwill Industries of Eastern North Carolina, Inc.

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
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Compensation data
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Goodwill Industries of Eastern North Carolina, Inc.

Highest paid employees

SOURCE: IRS Form 990

Compensation
Other
Related
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Compensation data
Download up to 5 most recent years of highest paid employee data for this organization

Goodwill Industries of Eastern North Carolina, Inc.

Board of directors
as of 11/28/2022
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Dr. Bart Cleary