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Nonprofit · EIN 34-0714739

GOODWILL INDUSTRIES OF LORAIN COUNTY INC

Tax-exempt · ELYRIA, OH 44035

Financials

$6.6M$5.9M2023
Revenue Expenses · by fiscal year end
Financials of GOODWILL INDUSTRIES OF LORAIN COUNTY INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2023990$6,636,243$5,883,683$752,560$8,143,111$2,032,476$6,110,635
Financial details: 990 for the year ended December 31, 2023

Revenue

Contributions, gifts and grants
$4,269,058
of which government grants
$164,293
Program service revenue
$864,795
Investment income
$8,812
Net income from sales of inventory
$1,474,261
Other revenue
$1,493,578

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$3,242,231
Salaries, compensation and benefits (total)
$3,777,773
Professional fundraising fees
$0
Legal fees
$4,308
Accounting fees
$10,500
Occupancy
$1,139,264
Travel
$39,850
Depreciation
$155,206
Program services (functional)
$5,364,421
Management and general (functional)
$473,085
Fundraising (functional)
$46,177

Balance sheet and other

Total assets, start of year
$7,826,223
Total assets, end of year
$8,143,111
Total liabilities, end of year
$2,032,476
Net assets, end of year
$6,110,635
Land, buildings and equipment
$1,747,922
Net assets without donor restrictions
$6,110,635
Gross receipts
$10,770,912
Employees
328
Year formed
1928
State of legal domicile
OH

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2023, highest compensation first.

NameTitleHours / weekCompensation
ALONZO VANCEPRESIDENT &
Officer
40$111,953
TAMMY DAVIDDIRECTOR OF
Officer
40$91,118
SUSAN BUNGARDTRUSTEE
Trustee or director
–$0
JOHN FUNDERBURGTRUSTEE
Trustee or director
–$0
MIKE GERGELYTRUSTEE
Trustee or director
–$0
AMANDA OBERGTRUSTEE
Trustee or director
–$0
TIM STURSATREASURER
Trustee or director, Officer
–$0
CHRISTINE TAYLORTRUSTEE
Trustee or director
–$0
MITCHELL ROMEOVICE CHAIR
Officer
–$0
PHIL SEGUINPAST CHAIR
Officer
–$0
HAVA VILLAVERDESECRETARY
Officer
–$0
MICHAEL ZADELCHAIR
Officer
–$0

Address and contacts

Address (IRS master file)
145 KEEP CT, ELYRIA, OH 44035-2214
In care of
% CRAIG GRUGEL
Principal officer (990 for 2023)
ALONZO VANCE, 145 KEEP COURT, ELYRIA, OH 44035
Signed the 990
TIM STURSA, TREASURER
Phone
(440) 244-3174
Return prepared by
MAJKUT CPAS LTD

Mission

TO HELP PEOPLE WITH DISABILITIES AND OTHER BARRIERS TO EMPLOYMENT BECOME MORE PRODUCTIVE AND INDEPENDENT COMMUNITY CITIZENS THROUGH A PROCESS OF EDUCATION, TRAINING, AND WORK SERVICES.

990 for the year ended December 31, 2023

Program accomplishments

  • DONATED GOODS/RETAIL SALES: USABLE HOUSEHOLD ITEMS DONATED TO GOODWILL INDUSTRIES ARE SORTED AND PROCESSED BY BOTH EMPLOYEES AND CONSUMERS IN THE WORKFORCE DEVELOPMENT TRAINING PROGRAMS FOR RESALE IN GOODWILL'S SEVEN RETAIL STORES. REVENUE GENERATED FROM THE SALE OF DONATED GOODS SUPPORTS GOODWILL'S WORKFORCE DEVELOPMENT SERVICES WHICH HELPS PLACE CONSUMERS IN COMPETITIVE JOBS IN THE COMMUNITY.
    Expenses $109,051
  • CONTRACTS: THROUGH SUB-CONTRACT OPPORTUNITIES WITH LOCAL BUSINESSES, GOODWILL OFFERS ON-THE-JOB TRAINING WHERE INDIVIDUALS LEARN MARKETABLE SKILLS FOR SECURING A COMPETITIVE JOB IN THE COMMUNITY. GOODWILL HAS BECOME AN OUTSOURCING PARTNER THAT BENEFITS INDUSTRY, THE COMMUNITY, AND THOSE PEOPLE IN WHICH THEY SERVE.
    Expenses $19,231
  • VOCATIONAL SERVICES: CONSISTENT WITH THE MISSION OF GOODWILL INDUSTRIES, THE WORKFORCE DEVELOPMENT SERVICES HELP INDIVIDUALS OVERCOME BARRIERS TO EMPLOYMENT. GOODWILL EMPOWERS THEM WITH EDUCATION, TRAINING, AND JOB SKILLS TO BECOME COMPETITIVELY EMPLOYED. GOODWILL HAS RECEIVED A 3-YEAR ACCREDITATION, WHICH IS THE MAXIMUM TERM ALLOWED FROM THE COMMISSION ON ACCREDITATION OF REHABILITATION FACILITIES ("CARF"). THIS ACCREDITATION WAS RENEWED IN 2022.
    Expenses $7,693
  • MISCELLANEOUS INCOME EARNED BY THE ORGANIZATION INCLUDING SALVAGE INCOME
    Expenses $5,228,446

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025Not on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
34-0714739
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1942
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$8,143,111
Income (IRS master file)
$10,770,912

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2023$6,636,243$5,883,683$8,143,111XML
990December 2022$6,014,952$5,164,736$7,826,223IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS
990December 2017–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 34-0714739).

Questions about GOODWILL INDUSTRIES OF LORAIN COUNTY INC

What is the EIN of GOODWILL INDUSTRIES OF LORAIN COUNTY INC?
The employer identification number (EIN) of GOODWILL INDUSTRIES OF LORAIN COUNTY INC is 34-0714739.
Is GOODWILL INDUSTRIES OF LORAIN COUNTY INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1942.
Are donations to GOODWILL INDUSTRIES OF LORAIN COUNTY INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does GOODWILL INDUSTRIES OF LORAIN COUNTY INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of GOODWILL INDUSTRIES OF LORAIN COUNTY INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did GOODWILL INDUSTRIES OF LORAIN COUNTY INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2023.
Who is the principal officer of GOODWILL INDUSTRIES OF LORAIN COUNTY INC?
The 990 for the year ended December 31, 2023 names ALONZO VANCE.
Who are the officers and directors of GOODWILL INDUSTRIES OF LORAIN COUNTY INC?
The 990 for the year ended December 31, 2023 lists 12 people; 2 received compensation from the organization, the highest $111,953 (ALONZO VANCE, PRESIDENT &).
How much revenue does GOODWILL INDUSTRIES OF LORAIN COUNTY INC have?
On its 990 for the year ended December 31, 2023 it reported revenue of $6,636,243, expenses of $5,883,683 and total assets of $8,143,111 at year end.

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