Davis Memorial Goodwill Industries EIN 53-0196588

Davis Memorial Goodwill Industries

EIN  53-0196588 Public charity (501(c)(3)) Washington, DC Founded 1935
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 7/7/26 · see original filing: IRS
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Size
$10–100M
What they do
Offers free education, job training, and employment services to those facing disadvantages.
Leadership
Catherine a Meloy · President & CEO · $582K
Money in and out
$81.3M revenue, $79.7M expenses
Bottom line
92% program efficiency

Offers free education, job training, and employment services to those facing disadvantages. For fiscal year 2024 it reported $81.3M in revenue, $79.7M in expenses, and $22.0M in net assets.Pt I

Where the money goes · FY2024
Total revenue
$81.3M
Pt VIII · Ln 12
Total expenses
$79.7M
Pt IX · Ln 25
Net assets
$22.0M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $1.6M
Where spending went · Part IX cols B–D
Program services $0.92 Management & general $0.07 Fundraising $0.01
Program efficiency
92%
of spending reaches programs0% vs prior filing year
Operating runway
3.0mo
months of highly liquid reserves at operating expense rate▼ -9% vs prior filing year
Surplus margin
+2%
revenue over expenses, this year▼ -74% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$81.3M
FY2024▲ +8%
Expenses
$79.7M
FY2024▲ +15%
Total assets
$99.6M
FY2024▲ +26%
Total liabilities
$77.6M
FY2024▲ +60%
Total revenue
$81.3M
Pt VIII · Ln 12
Total expenses
$79.7M
Pt IX · Ln 25
Net assets
$22.0M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$1.6M
Total assetsPt X · Ln 16$99.6M
Program-expense ratioPt IX · col B92%
Voting members of governing bodyPt I · Ln 316
Independent voting membersPt I · Ln 415
Mission & Programs · Part III

Where the work happens

3 program services account for $72.6M of program spending, described in the organization's own filed words · FY2024.
01

Donated Goods

In 2024, goodwill of greater washington operated 22 retail stores, 21 donation centers, and two warehouses that are central to the fulfillment of goodwill's mission to provide jobs, job training, education, and employment services for people with disadvantages and disabilities. Continued on schedule o.

$59.0Mprogram expense
02

Contracts

One of goodwill of greater washington's most successful business and mission fulfillment operations is its contract services division. In 2024, under the ability one program and commercial contracts, goodwill employed 207 people in its 9 federal contract sites throughout the DC area cleaning more than 3 million square feet at buildings…

$11.5Mprogram expense
03

Workforce Development

In 2024, goodwill of greater washington's mission impact team provided workforce development services to 2,664 people throughout the greater washington, DC region. These critical services were funded through the revenue generated by goodwill's contracts operations, the donations sold at goodwill's 22 area retail stores and online, and…

$2.0Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CDavis Memorial Goodwill Industries
EINHdr · item D53-0196588
Principal addressHdr · item CWashington, DC
WebsiteHdr · item Jwww.dcgoodwill.org
Year of formationHdr · item L1935
State of legal domicileHdr · item MDC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEmployment (J32Z)
Ruling yearIRS BMFSep 1942

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a16
Independent voting membersPt VI · Ln 1b15
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President & CEO
$582,302Pt VII · Sec A
Chief Financial Officer
$256,350Pt VII · Sec A
Chief Integration Officer
$252,613Pt VII · Sec A
Chief of Collab., Comm., & Mktg.
$251,902Pt VII · Sec A
CFO Emeritus
$227,072Pt VII · Sec A
Chief Community Impact Officer
$225,185Pt VII · Sec A
Chief of Expansion
$221,609Pt VII · Sec A
VP, Technology & Infrastructure
$215,235Pt VII · Sec A

Catherine a Meloy’s $582K as President & CEO is at the 95th percentile of top reported officer pay among 415 $10–100M employment 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 · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Catherine a Meloy$582,302$579,916$435,048$542,119$453,134
Rosa Proctor CFO$282,064
Rosa Proctor$227,072$258,573$132,200$260,859
Jeffrey Rostand$256,350$229,266$119,543
Colleen Paletta$252,613$234,830$220,490$196,572$172,094
Brendan Hurley$251,902$233,827$220,060$209,912$200,631
Richard J Cole$221,609$206,273$194,027$234,426$221,536
Janece Kleben$225,185$199,492

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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Statement of Revenue

Part VIII
Other revenue$44.7M · 55%
Contributions & grants$19.3M · 24%
Program service revenue$17.1M · 21%
Other revenue55%$44.7M
Contributions & grants24%$19.3M
Program service revenue21%$17.1M
Investment income$177K
— government grantsLn 1e$100K
Total revenueLn 12$81.3M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.92 Management & general $0.07 Fundraising $0.01
Program services92%$73.2M
Management & general7%$5.4M
Fundraising1%$1.1M
Total functional expensesLn 25$79.7M

Balance Sheet

Part X · end of year
CashLn 1$5.7M
Total assetsLn 16$99.6M
Total liabilitiesLn 26$77.6M
Total net assetsLn 32$22.0M
Months of cash on handcomputed0.9

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $15.8M · Operating expenses (Pt IX) $79.7M · Less non-cash grants $17.3M · Cash operating expenses/yr $62.4M
3.0 months
Where the money goes
Program services
Program services $73.2M · Total expenses $79.7M
92%
Management & General
Management & general $5.4M · Total expenses $79.7M
7%
Fundraising
Fundraising $1.1M · Total expenses $79.7M
1%
Cost to raise $1
Fundraising expense (3-yr avg) $1.0M · Solicited contributions (3-yr avg) $16.9M
$0.06 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $19.3M · Total revenue $81.3M
24%
Government reliance
Government grants $100K · Total revenue $81.3M
0%
Earned-income share
Program service revenue $17.1M · Total revenue $81.3M
21%
Investment reliance
Investment income $177K · Total revenue $81.3M
0%
Program self-sufficiency
Program service revenue $17.1M · Total expenses $79.7M
21%
Growth & trend
Revenue growth (YoY)
This year $81.3M · Prior year $75.1M
+8%
Revenue CAGR
FY2020 $46.2M · FY2024 $81.3M
+15%
Net-asset trend (YoY)
End of year $22.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $81.3M · Expenses $79.7M
+2%
Liabilities-to-Assets
Total liabilities — · Total assets $99.6M
Net-asset ratio
Net assets $22.0M · Total assets $99.6M
22%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $10.1M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $99.6M
10%
People & payroll
Highest Reported Total Compensation
Individual Catherine a Meloy · Reported title PRESIDENT & CEO · Highest reported compensation $582K · Total expenses $79.7M
1%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $48.8M · Total expenses $79.7M
61%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 92%
Overhead ratio 7%
Fundraising cost ratio 6%
Revenue growth 8%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$162K
Grants paid · 3 grants · $717K · 2021–2023

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$81.3M revenue · viewing · ⤓ 990 PDF
FY2023$75.1M revenue · ⤓ 990 PDF
FY2022$67.3M revenue · ⤓ 990 PDF
FY2021$64.8M revenue · ⤓ 990 PDF
FY2020$46.2M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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