Goodwill Industries of Fort Worth
Meets Standards
Standards For Charity Accountability
Governance
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Board Oversight
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Board Size
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Board Meetings
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Board Compensation
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Conflict of Interest
Measuring Effectiveness
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Effectiveness Policy
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Effectiveness Report
Finances
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Program Expenses
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Fundraising Expenses
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Accumulating Funds
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Audit Report
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Detailed Expense Breakdown
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Accurate Expense Reporting
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Budget Plan
Fundraising & Info
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Truthful Materials
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Annual Report
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Website Disclosures
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Donor Privacy
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Cause Marketing Disclosures
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Complaints
Goodwill Industries of Fort Worth meets the 20 Standards for Charity Accountability.
Stated Purpose:
"to create lives of independence and build a stronger local community."
Year, State Incorporated:
1997, TX
Also Known As:
Goodwill North Central Texas
Goodwill Industries of Fort Worth (Goodwill Fort Worth) offers programs to teach, train, employ, and empower people with physical or mental disabilities, as well as other barriers to employment. As reported by the organization, in 2023, Goodwill Fort Worth served 11,920 people, including 2,504 receiving employment training and placement services.
For the year ended December 31, 2023, Goodwill Industries of Fort Worth's program expenses were:
| Retail stores | $23,574,208 |
| Industrial contracts | $8,108,004 |
| Career services | $6,572,603 |
| Transportation and sorting | $4,473,092 |
| Salvage | $3,667,206 |
| Housing and occupancy | $2,639,197 |
| Contributed goods production | $2,341,690 |
| Community relations | $726,436 |
| Total Program Expenses | $52,102,436 |
Chief Executive
David Cox, President and CEO
Compensation*
$672,853
Chair of the Board
Patrick Gotcher
Chair's Profession / Business Affiliation
Business Advisor
Board Size
17
Paid Staff Size
1767
*2022 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Method(s) Used:
Direct mail appeals, Grant proposals, Direct mail appeals, Planned giving arrangements, Print advertisements (newspapers, magazines, etc.)
Fundraising costs were 1% of related contributions. (Related contributions, which totaled $21,725,681, are donations received as a result of fundraising activities.)
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on Goodwill Industries of Fort Worth's audited financial statements - combined for the year ended December 31, 2023.
Source of Funds
| Public contributions | $21,725,681 |
| Store sales | $16,752,066 |
| Investment income, net | $14,718,574 |
| Industrial contracts | $9,651,757 |
| Salvage sales | $7,209,973 |
| Miscellaneous | $1,122,633 |
| Change in fair value of interest rate swap | $251,745 |
| Gain on disposal of assets | $5,150 |
| Cost of sales | $-1,686,384 |
| Total Income | $71,733,033 |
Programs: 87% Fundraising: 0% Administrative: 13%
| Total Income | $71,733,033 |
| Total expenses: | $59,819,571 |
| Program expenses | $52,102,436 |
| Fundraising expenses | $230,194 |
| Administrative expenses | $7,486,941 |
| Other expenses | $0 |
| Income in Excess of Expenses | $11,913,462 |
| Beginning Net Assets | $1,825,908 |
| Other Changes In Net Assets | $0 |
| Ending Net Assets | $1,686,406 |
| Total Liabilities | $36,414,298 |
| Total Assets | $134,302,142 |
Note: According to Goodwill Fort Worth's 2023 audited financial statements, the organization received in-kind contributions of $21,061,520 in donated goods.
An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.
This report is not to be used for fundraising or promotional purposes.
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Meets Standards
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Standards Not Met
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Did Not Disclose
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Review in Progress
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Unable to Verify
Report completed by:
BBB Wise Giving Alliance