2024-07-03T07:33:49-05:00 2023-12-31 570381582 ELLIOTT DAVIS LLCPLLC 500 EAST MOREHEAD STREET SUITE 700 CHARLOTTE NC 28202 990 2023-01-01 474183942 PALMETTO GOODWILL PALM 8778295500 2150 EAGLE DRIVE NORTH CHARLESTON SC 29406 JACKIE DRAWS CFO 8778295500 2024-07-01 1 JACKIE DRAWS 999009999 1 JANICE A RATICA P00358837 7043338881 2024-06-17 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z JACKIE DRAWS 2150 EAGLE DRIVE NORTH CHARLESTON SC 29406 75978897 0 X WWW.PALMETTOGOODWILL.ORG X 2015 SC PALMETTO GOODWILL IS CHANGING LIVES BY PROVIDING EQUITABLE ACCESS TO TRAINING, EDUCATION, AND EMPLOYMENT. PALMETTO GOODWILL IS A LOCAL AUTONOMOUS MEMBER OF GOODWILL INDUSTRIES INTERNATIONAL THAT PROVIDES EDUCATION, JOB READINESS, AND OCCUPATIONAL SKILLS TRAINING TO UNEMPLOYED AND UNDEREMPLOYED INDIVIDUALS IN 18 COUNTIES OF SOUTH CAROLINA. PALMETTO GOODWILL, ESTABLISHED IN 1979, HAS OPERATED THE "SOCIAL ENTERPRISE" MODEL THROUGHOUT ITS EXISTENCE, IN THE LAST DECADE EXPANDING ITS REVENUE SOURCES BEYOND RETAIL REVENUES TO INCLUDE COMMUNITY INVESTMENT AND PRIVATE AND CORPORATE FUNDERS. IN 2023, PALMETTO GOODWILL OPERATED 33 RETAIL STORES WHICH SUPPORTED WORKFORCE DEVELOPMENT PROGRAMS THAT EDUCATED, TRAINED, AND EMPLOYED THOUSANDS OF COMMUNITY MEMBERS. THESE SERVICES WERE PROVIDED VIRTUALLY AND IN PERSON THROUGH A NETWORK OF NINE (9) CAREER OPPORTUNITY CENTERS, INCLUDING A MOBILE CAREER OPPORTUNITY CENTER. 14 14 2680 442 0 0 17437174 19711668 1530339 1446253 1839 602995 36142156 38303983 55111508 60064899 441428 434837 0 0 25418619 28198681 0 0 0 18493253 19582969 44353300 48216487 10758208 11848412 126444362 133955458 68282663 64223477 58161699 69731981 X PALMETTO GOODWILL'S MISSION IS TO CHANGE LIVES BY PROVIDING EQUITABLE ACCESS TO TRAINING, EDUCATION, AND EMPLOYMENT. PALMETTO GOODWILL SERVES THIS MISSION BY PROVIDING JOB TRAINING, EDUCATION, AND EMPLOYMENT PLACEMENT SERVICES. IN 2023, THE ORGANIZATION PROVIDED SERVICES TO MORE THAN 9,900 UNEMPLOYED OR UNDEREMPLOYED INDIVIDUALS, PLACING NEARLY 3,300 INDIVIDUALS INTO EMPLOYMENT. IN 2023, GOODWILL'S PROGRAMS FOCUSED ON INDIVIDUALS 55 AND OLDER, PEOPLE WITH DISABILITIES, VETERANS AND THEIR SPOUSES OR CAREGIVERS, SUPPLEMENTAL NUTRITION ASSISTANCE PROGRAM (SNAP) RECIPIENTS, AND INDIVIDUALS IMPROVING THEIR DIGITAL LITERACY SKILLS.PALMETTO GOODWILL IS WELL-EQUIPPED TO OPERATE LARGE-SCALE PROGRAMS THAT REINVEST IN THE COMMUNITY AND HAS PROVEN TO BE AN EXCELLENT STEWARD OF GOVERNMENT AND PRIVATE FUNDING. 0 0 35400113 39589971 GOODWILL'S DONATED GOODS RETAIL PROGRAM PROVIDES EDUCATION, JOB TRAINING, AND EMPLOYMENT OPPORTUNITIES TO PEOPLE WITH BARRIERS TO EMPLOYMENT BY COLLECTING AND RESELLING RETAIL ITEMS. SALES OF DONATED CLOTHING AND HOUSEHOLD ITEMS PROVIDE JOB TRAINING AND REVENUE FOR JOB READINESS TRAINING, CAREER EXPLORATION SERVICES, AND OCCUPATIONAL SKILLS TRAINING. GOODWILL HELPS PEOPLE EARN A LIVING, IMPROVE THEIR QUALITY OF LIFE, AND STRENGTHEN THEIR FAMILIES AND COMMUNITIES BY PUTTING 91% OF ITS REVENUE FROM ITS 33 THRIFT STORES BACK INTO MISSION PROGRAMMING. PALMETTO GOODWILL'S DONATION PROGRAM HELPED KEEP MORE THAN 30 MILLION POUNDS OF WASTE OUT OF SOUTH CAROLINA LANDFILLS. GOODWILL'S DIVERSION OF ITEMS FROM LANDFILL IS GOOD FOR OUR PLANET AND ENVIRONMENTBY DIVERTING WASTE FROM OUR LANDFILLS, WE REDUCE OUR CARBON FOOTPRINT AND CONTRIBUTE TO THE HEALTH AND SUSTAINABILITY OF OUR COMMUNITY. 6064312 434837 50499 PALMETTO GOODWILL PROVIDED CAREER NAVIGATION SERVICES TO MORE THAN 9,900 UNEMPLOYED OR UNDEREMPLOYED INDIVIDUALS. THE ORGANIZATION PROVIDED JOB READINESS TRAINING, CAREER EXPLORATION SERVICES, AND OCCUPATIONAL SKILLS TRAINING TO NEARLY 2,300 INDIVIDUALS THROUGH ITS NETWORK OF CAREER OPPORTUNITY CENTERS, ONLINE TRAINING PROVIDERS, TECHNICAL SCHOOL NETWORK, AND OTHER TRAINING PROVIDERS TO PREPARE INDIVIDUALS FOR IN-DEMAND CAREERS IN THE FIELDS OF (1) HEALTH CARE AND SOCIAL ASSISTANCE, (2) INFORMATION TECHNOLOGIES, (3) INDUSTRIAL TRADES, (4) RETAIL TRADE, (5) TRANSPORTATION AND WAREHOUSING. IN ADDITION TO TRAINING, PALMETTO GOODWILL PROVIDED SUPPORTIVE SERVICES, INCLUDING RENT, MORTGAGE, UTILITY ASSISTANCE, CLOTHING VOUCHERS, FURNITURE VOUCHERS, BUS PASSES, AND OTHER TRANSPORTATION NEEDS. 83881 PALMETTO GOODWILL LAUNCHED THE PALMETTO EXCEL CENTER, AN ADULT HIGH SCHOOL FOR STUDENTS AGED 21 AND OVER, IN AUGUST 2023 WITH OVER 150 STUDENTS ENROLLED. THE SCHOOL OPENED ON TIME AND FULLY STAFFED AFTER SECURING FULL OPERATIONAL FUNDING FROM THE SOUTH CAROLINA PUBLIC CHARTER SCHOOL DISTRICT. THE MISSION OF PALMETTO EXCEL IS TO PROVIDE ADULTS WITH THE OPPORTUNITY AND SUPPORT TO EARN HIGH SCHOOL DIPLOMAS AND POST-SECONDARY EDUCATION WHILE DEVELOPING CAREER PATHS THAT OFFER BETTER-THAN-AVERAGE EMPLOYMENT AND GROWTH OPPORTUNITIES. PALMETTO EXCEL OFFERS A FLEXIBLE, YEAR-ROUND SCHEDULE AND SUPPORTIVE RELATIONSHIPS TO HELP STUDENTS MANAGE WORK, LIFE, AND FAMILY NEEDS AS THEY PURSUE THEIR EDUCATIONAL GOALS. STUDENTS RECEIVE HIGH-QUALITY, DIRECT INSTRUCTION IN RIGOROUS 8-WEEK TERM CORE COURSES AND CAREER CERTIFICATION CLASSES THROUGH TRIDENT TECHNICAL COLLEGE AND KEY TRAINING PARTNERS. ADDITIONAL ASSISTANCE INCLUDES DROP-IN CHILDCARE, TRANSPORTATION ASSISTANCE, AND LIFE COACHING AND CAREER NAVIGATION SERVICES, ALL AT NO COST TO STUDENTS. IN ADDITION, IN 2023, PALMETTO EXCEL SUBMITTED TWO LETTERS OF INTENT TO THE CHARTER DISTRICT FOR TWO NEW FUTURE LOCATIONS. 41548306 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 107 0 1 2680 1 0 0 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 SC X JACKIE DRAWS CFO 8435660072 2150 EAGLE DRIVE BLDG 100 NORTH CHARLESTON SC 29406 CATHARINE ALMQUIST DIRECTOR 1.00 X 0 0 0 REGGIE BURGESS DIRECTOR 1.00 X 0 0 0 LEANDRO CASSOLO DIRECTOR 1.00 X 0 0 0 NINA MAGNESSON DIRECTOR 1.00 X 0 0 0 JAMIE LYNCH DIRECTOR 1.00 X 0 0 0 JAMIE DEMENT DIRECTOR 1.00 X 0 0 0 MICHAEL D MOXLEY MD FACOG DIRECTOR 1.00 X 0 0 0 MICHELLE WOODHULL DIRECTOR 1.00 X 0 0 0 ERICA WRIGHT DIRECTOR 1.00 X 0 0 0 LAURYCE GRAVES-MCLVER DIRECTOR 1.00 X 0 0 0 MATTHEW PECOY DIRECTOR 1.00 X 0 0 0 VICTOR RIVERA DIRECTOR 1.00 X 0 0 0 HERBERT L DRAYTON III CHAIR 1.00 1.00 X X 0 0 0 DARRYL BROWN INCOMING CHAIR 1.00 1.00 X X 0 0 0 ROB PHILLIPS TREASURER 1.00 1.00 X X 0 0 0 STACY COZAD SECRETARY 1.00 1.00 X X 0 0 0 BRIAN ITZKOWITZ CEO 20.00 20.00 X 230695 230695 49888 JACQUELINE DRAWS CFO 28.00 12.00 X 167536 71801 36958 CHARLES HUDSON COO 28.00 12.00 X 151883 65093 46158 TINA MARSHALL COMMUNITY RELATIONS OFFICER 28.00 12.00 X 78019 33437 35790 TANYA WELDON HUMAN RESOURCES OFFICER 32.00 8.00 X 116378 29094 34879 ELLIOT SMALLEY EASTERLING CHIEF MISSION AND MARKETING OFFICER 30.00 10.00 X 161747 53916 49215 REGINALD HUGHES VP OF COMMERCIAL SERVICES 10.00 30.00 X 48101 144302 49888 JASON BARIL VP OF DONATED GOODS 30.00 10.00 X 81447 27149 21914 1035806 655487 324690 5 0 1 0 PROGRESSIVE VISION INVESTMENT & TRADING 11209 ORANGE HIBISCUS LN PALM BEACH GARDENS FL 33418 RENT FOR STORE 236 475000 DELL MARKETING LP C/O DELL USA LP PO BOX 534118 ATLANTA GA 30353 COMPUTERS AND OTHER ELECTRONIC EQUIPMENT 418560 PENSKE TRUCK LEASING CO LP PO BOX 532658 ATLANTA GA 30353 EQUIPMENT LEASING, RENTAL AND REPAIR 332880 MYRTLE BEACH ASSOCIATES LLC 2107 JANER DR PASADENA MD 21122 RENT FOR STORE 259 273645 QUALITY FLORENCE LLC 7303 MALTON CT EVANS GA 30809 RENT FOR STORE 267 257666 11 8001 2148871 17554796 15751000 19711668 MANAGEMENT INCOME 611710 1395754 1395754 WORKFORCE TRAINING & DEVELOPMENT 611710 50499 50499 1446253 540663 540663 69883 0 69883 69883 69883 78814 63644 0 80126 78814 -16482 62332 62332 105464 8001 65581 39883 39883 53931445 15768291 38163154 38163154 OTHER REVENUE 611710 31063 31063 31063 60064899 39609407 0 743824 434837 434837 1034337 902280 132057 22582422 19699262 2883160 330475 271209 59266 2801833 2299365 502468 1449614 1189647 259967 43362 43362 1095250 571653 523597 395881 24803 371078 1728610 1574262 154348 6644555 6492091 152464 179906 147543 32363 1829366 1675704 153662 3051874 2775455 276419 SUPPLIES 2019897 1444972 574925 VEHICLE EXPENSES 1118635 970659 147976 POSTAGE AND SHIPPING 440466 438188 2278 EQUIPMENT RENTAL AND MA 322990 254436 68554 712177 338578 373599 48216487 41548306 6668181 0 5748334 6768851 15269668 22145175 451826 504273 1211000 1231000 192503 189506 112912910 31404309 81746587 81508601 21824444 21608052 126444362 133955458 3084872 3147243 596123 311785 19511157 16710962 29530634 30068527 15559877 13984960 68282663 64223477 X 58161699 69731981 58161699 69731981 126444362 133955458 X 11848412 149132 -427262 X X 0 1 X 1 1 1 X 14563768 16901272 17734887 17437174 19711668 86348769 14563768 16901272 17734887 17437174 19711668 86348769 86348769 21975 146506 63748 90235 610546 933010 120313 32348 29030 45597 31063 258351 87540130 180700826 0.98640 0.99170 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 43362 0 0 43362 0 PART II-B, LINE 1: THE ORGANIZATION INCURRED DIRECT CONTRACT EXPENSES WITH LEGISLATORS, THEIR STAFF, OR GOVERNMENT OFFICIALS TO SECURE THE APPROVAL OF AN ADULT HIGH SCHOOL MODEL. 25381649 25381649 73929522 26543006 47386516 1419609 509684 909925 12120448 4351619 7768829 61682 61682 81508601 INTERCOMPANY RECEIVABLE 5454069 DEPOSITS 14638 RIGHT OF USE ASSET 13984960 INTEREST RATE SWAP 2154385 21608052 LEASE LIABILITY 13984960 13984960 X PART X, LINE 2: MANAGEMENT HAS EVALUATED THE TAX POSITIONS OF THE ORGANIZATION AND DOES NOT BELIEVE THAT ANY UNCERTAIN TAX POSITIONS OR UNRECOGNIZED TAX BENEFITS EXIST FOR THE YEARS ENDED DECEMBER 31, 2023 OR 2022. THE ORGANIZATION'S POLICY IS TO REPORT ACCRUED INTEREST RELATED TO UNRECOGNIZED TAX BENEFITS, WHEN APPLICABLE, AS INTEREST EXPENSE AND TO REPORT PENALTIES AS OTHER EXPENSE. GOLF OUTING 54041 8001 46040 6554 1465 1834 SHINING STARS 40230 40230 750 15156 18600 8523 1 19194 19194 5991 1150 349 3860 1349 113465 8001 105464 750 5991 22860 1814 22460 11706 65581 39883 1 CLOTHING VOUCHERS AND OTHER ASSISTANCE 1053 26325 CLOTHING VOUCHERS AND OTHER ASSISTANCE TRAINING FOR CERTIFICATE PROGRAMS, TRADE SCHOOLS AND HIGH SCHOOL DIPLOMAS 150 287840 TRAINING FOR CERTIFICATE PROGRAMS, TRADE SCHOOLS AND HIGH SCHOOL DIPLOMAS SUPPORTIVE SERVICES INCLUDING RENT, MORTGAGE, UTILITY ASSISTANCE AND BUS PASSES FOR QUALIFIED INDIVIDUALS 330 120672 SUPPORTIVE SERVICES INCLUDING RENT, MORTGAGE, UTILITY ASSISTANCE AND BUS PASSES FOR QUALIFIED INDIVIDUALS PART I, LINE 2: WHEN GRANTS ARE AWARDED, A GRANT AGREEMENT IS ENTERED INTO WHICH SERVES AS A GUIDE FOR THE EXPECTATIONS RELATED TO THE GRANT. THE BOARD MAY REQUIRE A NARRATIVE REPORT AND BASIC FINANCIAL ACCOUNTING REPORTS AFTER ISSUANCE OF GRANT TO TRACK USE OF FUNDS. X X X X X X 0 1 0 0 0 0 0 0 0 BRIAN ITZKOWITZ CEO 185513 185513 45182 45182 0 0 11250 11250 13694 13694 255639 255639 0 0 JACQUELINE DRAWS CFO 152309 65275 15227 6526 0 0 6058 2596 19813 8491 193407 82888 0 0 ELLIOT SMALLEY EASTERLING CHIEF MISSION AND MARKETING OFFICER 155949 51983 5798 1933 0 0 16875 5625 20036 6679 198658 66220 0 0 CHARLES HUDSON COO 151883 65093 0 0 0 0 15750 6750 16561 7097 184194 78940 0 0 REGINALD HUGHES VP OF COMMERCIAL SERVICES 48101 144302 0 0 0 0 5625 16875 6847 20541 60573 181718 0 0 TANYA WELDON HUMAN RESOURCES OFFICER 111849 27962 4529 1132 0 0 18000 4500 9903 2476 144281 36070 0 0 PART I, LINE 4B THE LEADERSHIP TEAM PARTICIPATES IN A SECTION 457(B) PLAN. A SOUTH CAROLINA JOBS-ECONOMIC DEVELOPMENT AUTHORITY 2009-12-16 24200000 PURCHASE & CONSTRUCTION OF NEW RETAIL LOCATIONS, REFUND OF SERIES 2007 BONDS 0 0 0 B SOUTH CAROLINA JOBS-ECONOMIC DEVELOPMENT AUTHORITY 270960018 2015-12-16 18106107 REFINANCE MORTGAGES PAYABLE RELATED TO RETAIL FACILITIES 0 0 0 C SOUTH CAROLINA JOBS-ECONOMIC DEVELOPMENT AUTHORITY 270960018 2018-09-01 19300000 TO REFINANCE BOND AND MORTGAGE PAYABLES FOR RETAIL FACILITIES 0 0 0 D SOUTH CAROLINA JOBS-ECONOMIC DEVELOPMENT AUTHORITY 270960018 2002-10-12 16000000 TO REFINANCE DEBT AND PURCHASE PROPERTIES 0 0 0 A 24200000 228038 6370330 17601632 2009 1 0 1 1 B 18106107 246325 17859782 2015 1 0 1 1 C 19300000 293107 19006893 2018 0 0 0 0 D 16000000 283342 15716658 2021 0 0 0 0 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 A 0 0 0 0 1 0 0 0 0 B 0 0 0 0 1 0 0 0 0 C 0 0 0 0 0 0 0 0 0 D 0 0 0 0 1 0 0 0 0 A 0 B 0 C 0 D 0 X 15751000 GOODWILL INT'L FORMULA 0 0 1 1 PART I, LINE 32B: SALVAGE IS SOLD TO A BROKER AND THEN SHIPPED TO A THIRD PARTY. DONATED VEHICLES ARE SOLD AT AUCTION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS AVAILABLE TO THE ENTIRE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C POTENTIAL CONFLICTS THAT ARISE DURING THE YEAR ARE DISCLOSED TO THE BOARD CHAIR. THE INTERESTED INDIVIDUAL WILL RECUSE HIMSELF/HERSELF FROM ALL DISCUSSIONS AND VOTE ON THE MATTER. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR DETERMINING COMPENSATION FOR THE ORGANIZATION'S KEY EMPLOYEES INCLUDES REVIEWING THE COMPENSATION OF COMPARABLE POSITIONS IN THE CHARLESTON COMMUNITY TO ENSURE REASONABLENESS. IN ADDITION, COMPENSATION INFORMATION FOR COMPARABLE POSITIONS OF SIMILARLY-SITUATED GOODWILL ORGANIZATIONS IS ANALYZED TO DETERMINE A MIDPOINT SALARY RANGE. THE CEO REVIEWS AND APPROVES THE LEADERSHIP TEAM COMPENSATION. THE BOARD ENGAGES WITH AN INDEPENDENT THIRD PARTY THAT UTILIZED EIGHT DIFFERENT VALIDATED SURVEY SOURCES TO DETERMINE EXECUTIVE COMPENSATION. ALL DECISIONS CONCERNING COMPENSATION ARE DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: UNREALIZED LOSS ON INTEREST RATE SWAP -427,262. PART XII, LINE 2C THE PROCESS HAS NOT CHANGED. PALMETTO GOODWILL SERVICES 2150 EAGLE DR BLDG 100 NORTH CHARLESTON SC 29406 570632511 PROVIDE TRAINING AND EMPLOYMENT TO PEOPLE WITH DISABILITIES OR DISADVANTAGES SC 501(C)(3) LINE 7 N/A 0 PALMETTO EXCEL INC 2150 EAGLE DR BLDG 100 NORTH CHARLESTON SC 29406 824501336 ADULT CHARTER HIGH SCHOOL SC 501(C)(3) LINE 2 N/A 0 PALMETTO GOODWILL SERVICES HEALTH AND WELFARE PLAN 2150 EAGLE DRIVE BLDG 100 NORTH CHARLESTON SC 29406 570632511 EMPLOYEE BENEFIT PLAN NUMBER 503 SC PALMETTO GOODWILL SERVICES T 0 0 1 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 PALMETTO EXCEL INC B 592538 FMV PALMETTO GOODWILL SERVICES E 44649388 FMV PALMETTO EXCEL INC N 820310 FMV PALMETTO GOODWILL SERVICES N 561111 FMV PALMETTO GOODWILL SERVICES O 809385 FMV