Goodwill Industries of Central North Carolina INC EIN 56-0862842

Goodwill Industries of Central North Carolina INC

EIN  56-0862842 Public charity (501(c)(3)) Greensboro, NC Founded 1963
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 8/8/26 · see original filing: IRS
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Size
$10–100M
What they do
Helps people find jobs and develop careers through training and work opportunities.
Leadership
Christopher Gorham · President and CEO · $379K
Money in and out
$29.8M revenue, $26.0M expenses
Bottom line
85% program efficiency

Helps people find jobs and develop careers through training and work opportunities. For fiscal year 2025 it reported $29.8M in revenue, $26.0M in expenses, and $50.7M in net assets.Pt I

Where the money goes · FY2025
Total revenue
$29.8M
Pt VIII · Ln 12
Total expenses
$26.0M
Pt IX · Ln 25
Net assets
$50.7M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $3.8M
Where spending went · Part IX cols B–D
Program services $0.85 Management & general $0.14 Fundraising $0.01
Program efficiency
85%
of spending reaches programs0% vs prior filing year
Surplus margin
+13%
revenue over expenses, this year▼ -10% vs prior filing year
Revenue trend
+5%
avg. annual growth over 5 years

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$29.8M
FY2025▲ +5%
Expenses
$26.0M
FY2025▲ +6%
Total assets
$57.2M
FY2025▲ +7%
Total liabilities
$6.5M
FY2025▼ -2%
Total revenue
$29.8M
Pt VIII · Ln 12
Total expenses
$26.0M
Pt IX · Ln 25
Net assets
$50.7M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$3.8M
Total assetsPt X · Ln 16$57.2M
Program-expense ratioPt IX · col B85%
Voting members of governing bodyPt I · Ln 319
Independent voting membersPt I · Ln 419
Mission & Programs · Part III

Where the work happens

2 program services account for $22.1M of program spending, described in the organization's own filed words · FY2024.
01

Goodwill industries of central north carolina, inc. Operates 26 retail stores which receive, process, and sell donated goods provided by over 400,000 generous members of the community in alamance, caswell, rockingham, randolph, and guilford counties.

$20.6Mprogram expense
02

Goodwill industries of central north carolina implements a variety of workforce development programs and services. This includes career navigation, work readiness and digital literacy classes, credentialed skills training, and careers on the outside (a carf-accredited program supporting individuals with justice-involvement and a history…

$1.5Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CGoodwill Industries of Central North Carolina INC
EINHdr · item D56-0862842
Principal addressHdr · item CGreensboro, NC
WebsiteHdr · item Jwww.triadgoodwill.org
Year of formationHdr · item L1963
State of legal domicileHdr · item MNC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEmployment (J32Z)
Ruling yearIRS BMFJun 1967

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a19
Independent voting membersPt VI · Ln 1b19
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 · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
President and CEO
$378,897Pt VII · Sec A
EVP, CFO , Retired as of 12/6/24
$287,446Pt VII · Sec A
Executive Vice President O
$246,661Pt VII · Sec A
Senior Vice President of H
$165,731Pt VII · Sec A
Vice President of Career D
$153,739Pt VII · Sec A
Vice President of Informat
$145,618Pt VII · Sec A
Vice President of Complian
$118,040Pt VII · Sec A
Vice President of Marketin
$114,060Pt VII · Sec A

Christopher Gorham’s $379K as President and CEO is at the 83rd 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

NameFY2025FY2024FY2023FY2022FY2021
Christopher Gorham$378,897$342,958$307,853$291,270$225,918
Brady Mink$287,446$222,701$199,795$188,510$158,545
Celeste Macmurdo$246,661$214,913$190,191$185,862$159,725
Patricia Caudle$165,731$155,864$146,781$138,165$120,823
Jessica Schultz$153,739$146,042$140,593$144,363$129,175
George Lothian JR$145,618$141,395$134,107$137,525$120,709
Dwight Crotts$118,040$109,892$99,833
Teresa East$114,060

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
Contributions & grants$28.9M · 97%
Other revenue$515K · 2%
Program service revenue$172K · 1%
Investment income$264K · 1%
Contributions & grants97%$28.9M
Other revenue2%$515K
Program service revenue1%$172K
Investment income1%$264K
Total revenueLn 12$29.8M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.85 Management & general $0.14 Fundraising $0.01
Program services85%$22.1M
Management & general14%$3.7M
Fundraising1%$216K
Total functional expensesLn 25$26.0M

Balance Sheet

Part X · end of year
CashLn 1$8.2M
Total assetsLn 16$57.2M
Total liabilitiesLn 26$6.5M
Total net assetsLn 32$50.7M
Months of cash on handcomputed3.8

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $8.2M · Operating expenses (Pt IX) $26.0M · Less non-cash grants $27.9M · Cash operating expenses/yr $-1.9M
Highly liquid reserves (cash & marketable securities on Pt X) ÷ monthly operating expenses (Pt IX total, less non-cash grants & depreciation when reported).
Where the money goes
Program services
Program services $22.1M · Total expenses $26.0M
85%
Management & General
Management & general $3.7M · Total expenses $26.0M
14%
Fundraising
Fundraising $216K · Total expenses $26.0M
1%
Cost to raise $1
Fundraising expense (3-yr avg) $191K · Solicited contributions (3-yr avg) $28.0M
$0.01 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $28.9M · Total revenue $29.8M
97%
Government reliance
Government grants — · Total revenue $29.8M
Earned-income share
Program service revenue $172K · Total revenue $29.8M
1%
Investment reliance
Investment income $264K · Total revenue $29.8M
+1%
Program self-sufficiency
Program service revenue $172K · Total expenses $26.0M
1%
Growth & trend
Revenue growth (YoY)
This year $29.8M · Prior year $28.5M
+5%
Revenue CAGR
FY2020 $24.4M · FY2024 $29.8M
+5%
Net-asset trend (YoY)
End of year $50.7M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $29.8M · Expenses $26.0M
+13%
Liabilities-to-Assets
Total liabilities — · Total assets $57.2M
Net-asset ratio
Net assets $50.7M · Total assets $57.2M
89%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $57.2M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Christopher Gorham · Reported title PRESIDENT AND CEO · Highest reported compensation $379K · Total expenses $26.0M
1%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $18.5M · Total expenses $26.0M
71%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 85%
Overhead ratio 14%
Fundraising cost ratio 1%
Revenue growth 5%

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 · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$90K

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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
FY2025 (Latest)$29.8M revenue · viewing · ⤓ 990 PDF
FY2024$28.5M revenue · ⤓ 990 PDF
FY2023$28.4M revenue · ⤓ 990 PDF
FY2022$25.8M revenue · ⤓ 990 PDF
FY2021$24.4M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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