Goodwill Leads INC FY2021 filing

Tax-deductible

South Bend, IN501(c)(3)Since 2014EducationEIN 47-1473842Revenue $4.9M in FY2021

On file with the IRSexcelcenterhs.orgPo Box 3846, 46619-0846 · South Bend, INTax-exempt since Nov 2014School — 170(b)(1)(A)(ii)

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The mission of the excel center of northern indiana is to provide adults the coursework and support needed to earn an indiana high school diploma to pursue career and college pathways.

501(c)(3) charity; gifts are tax-deductible.
72¢ of each $1 spent went to programs.
$87K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $351K a year · 8% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
72%
of spending
Fine: 72% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$87K
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $2K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2.4M
75% of total assets
Worth a look: liabilities are 75% of assets; over 65%.
Pt X · Ln 26
Independent board members
13
of 14 voting members
Looks good: 13 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.9M
+11% vs prior year
Spent
$4.6M
To programs
72%
Net assets
$830K
By yearFY2020–FY2024
Revenue
$4.9M
FY2021▲ +11%
Tap a bar for its year
Revenue by fiscal year
FY2020$4.4M
FY2021$4.9M
FY2022$4.0M
FY2023$4.4M
FY2024$5.4M
FY2024$6.3M
Expenses
$4.6M
FY2021▼ -4%
Tap a bar for its year
Expenses by fiscal year
FY2020$4.8M
FY2021$4.6M
FY2022$5.2M
FY2023$5.1M
FY2024$5.3M
FY2024$5.6M
Net assets
$830K
FY2021▲ +56%
Tap a bar for its year
Net assets by fiscal year
FY2020$531K
FY2021$830K
FY2022−$303K
FY2023−$1.0M
FY2024−$847K
FY2024−$200K

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 2014.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

72 cents of each dollar spent went to programs.

Program services 72% · $3.3M Management & general 28% · $1.3M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

16 people listed on the 990; $87K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Vice President of Excel Ce
$86,745Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Ex-Officio Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Chris Alber’s $150K as Superintendent is at the 64th percentile of top reported officer pay among 3395 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Chris Alber$150,000$112,788$49,165———
Cynthia Cavanaugh———$79,994$86,745$79,278

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Helps adults earn high school diplomas for better career and college opportunities.

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Provided by the organization

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1 program · $3.3M · in their own filed words · FY2020
01

Our course progression allows us to 'meet students where they are'. Enrolling students provide a copy of their transcript from the last high school they attended which allows us to determine how many credits a student needs to complete the requirements for the core 40 diploma.

$3.3Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$2K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$4.9M
Ln 12
Gifts and grantsLn 1h$4.9M
Other incomeLn 4–11$18K
Money outPt IX
$4.6M
Ln 25
Programscol B$3.3M
Managementcol C$1.3M
Owns and owesPt X
$830K
net assets · Ln 32
Cash and savingsLn 1–2$1.2M
Total assetsLn 16$3.3M
LiabilitiesLn 26$2.4M
PeoplePt VI, VII
16
listed · VII A
PaidVII A1
Voting boardVI 1a14
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.9M
Government grantsLn 1e$4.7M
Noncash giftsLn 1g$1K
Other incomeLn 4–11$18K
Total revenueLn 12$4.9M
Assets in detailPt X, end of year
CashLn 1$1.1M
SavingsLn 2$80K
Cash and savings togetherLn 1–2$1.2M
Land, buildings, equipmentLn 10c$2.0M
Other assetsLn 15$14K
Total assetsLn 16$3.3M
LiabilitiesLn 26$2.4M
Net assetsLn 32$830K
OperationsPt I, VI
EmployeesI 586
VolunteersI 610
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$1.1M$1.2M
Land, buildings, equipmentLn 10c$2.4M$2.0M
Total assetsLn 16$3.6M$3.3M
LiabilitiesLn 26$3.1M$2.4M
Net assetsLn 32$531K$830K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$118K$118K
Other salaries and wagesLn 7$2.1M$1.7M$428K
Pension plan contributionsLn 8$124K$97K$27K
Other employee benefitsLn 9$258K$180K$78K
Payroll taxesLn 10$184K$147K$37K
Legal feesLn 11b$8K$8K
Accounting feesLn 11c$33K$33K
Other fees for servicesLn 11g$223K$92K$131K
Advertising and promotionLn 12$237K$237K
Office expensesLn 13$72K$55K$16K
Information technologyLn 14$155K$39K$116K
OccupancyLn 16$445K$345K$101K
TravelLn 17$11K$4K$7K
Conferences, conventions and meetingsLn 19$2K$2K
InterestLn 20$104K$80K$23K
Depreciation, depletion and amortizationLn 22$410K$318K$93K
InsuranceLn 23$40K$31K$9K
Other expenses (24a–d)Ln 24$77K$20K$57K
All other expensesLn 24e$3K$3K
Total functional expensesLn 25$4.6M$3.3M$1.3M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $5.4M$5.3M$154K−$847K 990 PDF
FY2023 $4.4M$5.1M−$697K−$1.0M 990 PDF
FY2022 $4.0M$5.2M−$1.1M−$303K 990 PDF
FY2021 Viewing $4.9M$4.6M$299K$830K 990 PDF
FY2020 $4.4M$4.8M−$375K$531K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $4,922,195 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,410,846$4,904,217
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year −$2,863$0
I-11 Other revenuePrior year $19,159$17,978
I-12 Total revenuePrior year $4,427,142$4,922,195
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $2,929,067$2,803,479
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,873,298$1,819,975
I-18 Total expensesPrior year $4,802,365$4,623,454
I-19 Revenue less expensesPrior year −$375,223$298,741
Part VI · Governance 13 of 14 board members independent, no flags
VI-1a Voting members of the governing body14
VI-1b Independent voting members13
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $4,922,195 across 7 lines filed
VIII-1d Related organizations$140,000
VIII-1e Government grants$4,749,852
VIII-1f All other contributions, gifts and grants$14,365
VIII-1g Noncash contributions (included above)$1,274
VIII-1h Total contributions, gifts and grants$4,904,217
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $17,978$17,978
VIII-12 Total revenueRelated to mission $17,978 · Unrelated business $0 · Excluded from tax $0$4,922,195
Part IX · Statement of functional expenses $4,623,454 across 19 lines filed
IX-5 Pay of current officers, directors and key staffManagement $117,893$117,893
IX-7 Other salaries and wagesPrograms $1,691,404 · Management $427,554$2,118,958
IX-8 Pension plan contributionsPrograms $97,371 · Management $27,062$124,433
IX-9 Other employee benefitsPrograms $180,450 · Management $77,882$258,332
IX-10 Payroll taxesPrograms $147,273 · Management $36,590$183,863
IX-11b Legal feesManagement $7,825$7,825
IX-11c Accounting feesManagement $33,181$33,181
IX-11g Other fees for servicesPrograms $92,223 · Management $130,888$223,111
IX-12 Advertising and promotionPrograms $237,235$237,235
IX-13 Office expensesPrograms $55,341 · Management $16,173$71,514
IX-14 Information technologyPrograms $38,883 · Management $115,725$154,608
IX-16 OccupancyPrograms $344,656 · Management $100,663$445,319
IX-17 TravelPrograms $4,108 · Management $7,028$11,136
IX-19 Conferences, conventions and meetingsManagement $1,825$1,825
IX-20 InterestPrograms $80,465 · Management $23,099$103,564
IX-22 Depreciation, depletion and amortizationPrograms $317,638 · Management $92,522$410,160
IX-23 InsurancePrograms $31,288 · Management $9,168$40,456
IX-24 Other expenses (24a–d)Programs $20,083 · Management $57,103$77,186
IX-24e All other expensesPrograms $2,855$2,855
IX-25 Total functional expensesPrograms $3,341,273 · Management $1,282,181 · Fundraising $0$4,623,454
Part X · Balance sheet $3,274,796 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $1,118,082$1,117,456
X-2 Savings and temporary cash investments$80,000
X-4 Accounts receivableStart of year $20,098$7,608
X-9 Prepaid expenses and deferred chargesStart of year $32,470$33,893
X-10c Land, buildings and equipment, netStart of year $2,396,849$2,021,542
X-15 Other assetsStart of year $14,297$14,297
X-16 Total assetsStart of year $3,581,796$3,274,796
X-17 Accounts payable and accrued expensesStart of year $139,918$164,085
X-19 Deferred revenueStart of year $30,000$25,000
X-24 Unsecured notes and loans payableStart of year $2,842,264$2,213,417
X-25 Other liabilitiesStart of year $38,681$42,620
X-26 Total liabilitiesStart of year $3,050,863$2,445,122
X-27 Net assets without donor restrictionsStart of year $477,667$823,114
X-28 Net assets with donor restrictionsStart of year $53,266$6,560
X-32 Total net assets or fund balancesStart of year $530,933$829,674
X-33 Total liabilities and net assetsStart of year $3,581,796$3,274,796
Part XI · Reconciliation of net assets $829,674 net assets at year end
XI-1 Total revenue$4,922,195
XI-2 Total expenses$4,623,454
XI-3 Revenue less expenses$298,741
XI-4 Net assets at start of year$530,933
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$829,674

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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