2019-10-24T08:25:35-05:00 2018-12-31 651083521 Holyfield & Thomas LLC 125 Butler Street West Palm Beach FL 33407 990 2018-01-01 591197040 Gulfstream Goodwill Industries Inc GULF 5618487200 1715 East Tiffany Drive West Palm Beach FL 33407 Karen Davidson CFO 5618487200 2019-08-05 1 Scott Y Haynes P01366363 5616896000 173.9.132.9 2019-08-05 15:02:34 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 3F2C1F92F376C90D02AC031579F8DE17ABDFDCC2 2018 2020-01-14 16:20:31Z Karen Davidson 1715 East Tiffany Drive West Palm Beach FL 33407 49642653 0 X www.gulfstreamgoodwill.org X 1966 FL Rehabilitation, employment and training: Gulfstream Goodwill Industries, Inc. assists individuals with disabilities and other barriers to employment to become self-sufficient, working members of the community. 19 19 1662 0 0 0 40632858 43097095 4662722 4951974 52082 28372 1659202 1523930 47006864 49601371 24047 13937 0 0 26581273 27187878 0 0 443079 20130833 22072082 46736153 49273897 270711 327474 18356112 19329876 8871748 9581358 9484364 9748518 X Gulfstream Goodwill Industries, Inc. assists individuals with disabilities and other barriers to employment to become self-sufficient, working members of the community. 0 0 28642369 521484 Employment Programs, General/Other: Retail Operations and Transportation - Employs approximately 1,200 people. Many of the graduates of our training programs are employed in this function. 5538841 13601 226728 Homeless Shelter Programs: Homeless Residential Program - Provides transitional housing and support services to adult homeless and disabled individuals with a goal of participants gaining economic independence (8,039 Served). 3821036 3860171 Labor Programs - Job Training and Supported Employment at integrated community sites such as hospitals, distribution centers along with state and federal agencies provide employment for persons with disabilities. Expenses include participant wages, trainers' wages, and program related expenses. (224 Served) 1097548 Adult Day Care Programs - Adult Day Training for individuals who have severe disabilities in areas of independent living, social, health and wellness and vocational skills. (278 Served) 1068955 Job Search & Placement Programs: Employment Services - Assists each disabled/disadvantaged program participant with the means to secure and maintain competitive employment commensurate with their interests, needs, and abilities. (1,649 Served) 1657684 336 343591 Youth Development Programs, General/Other: Youth Services - Academic and Vocational training for in school and out of school youths through day programs with case management and support services for youth at risk. In addition, we provide youth violence prevention and community reintegration programs in conjunction with a Charter School affiliate. (362 Served) 704145 Vision Services - Assists Lighthouse for the Blind in its mission of serving the rehabilitative and educational needs of people who are blind or have a severe visual disability. Assisted with the development of programs, wages for trainers, and program related expenses. (4,478 Served) 274769 Deaf Services Programs - Beginning in November 2015, we established programs providing support and assistance to the deaf and hard of hearing in the community including audiology services, interpretative services, American Sign Language instruction and others. (1,700 Served) 205680 Offender Re-entry Programs - Provides case management and employment services to persons leaving prison. (91 served) 196186 Vocational Evaluation and Assessment - Provides services to people with disabilities or economic disadvantages in order to assess level of employability and identify feasible vocational goals. (186 served). 52493 Head Injury Programs - Traumatic Brain Injury Employment and Life Skills Services. (6 Served). 1298280 45142 Government and Public Administration Programs and other Human Services Programs - Social Security Benefits Planning. Voluntary Income Tax Assistance. (711 Served). Other services include the rehabilitation staff, rents, utilities, and all related costs associated with the operation of our four employment and training centers and management cost for all employment and training programs. 6555740 336 388733 44557986 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 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 1 1 0 0 1 89 0 1 1662 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 19 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 FL X X Karen Davidson Vice President 5618487200 1715 East Tiffany Drive West Palm Beach FL 33407 Bert Premuroso Chairman 1.00 1.00 X X 0 0 0 Clive Stuart-Findlay Vice Chairman 1.00 1.00 X X 0 0 0 Rosalina Hon Treasurer 1.00 1.00 X X 0 0 0 Ronald F Albano Director 1.00 1.00 X X 0 0 0 Dan Barsky Director 1.00 1.00 X X 0 0 0 David Cole Director 1.00 1.00 X X 0 0 0 Chris Downs Director 1.00 1.00 X 0 0 0 Sophia Eccleston Director 1.00 1.00 X 0 0 0 Silvia Garcia Director 1.00 1.00 X 0 0 0 Donald R Mandich Director 1.00 1.00 X 0 0 0 George Matsoukas Director 1.00 1.00 X 0 0 0 Joan McCabe Director 1.00 1.00 X 0 0 0 Donte Mickens Director 1.00 1.00 X 0 0 0 Father Donald R Munro Director 1.00 1.00 X 0 0 0 Carl J Nicola Director 1.00 1.00 X 0 0 0 Sophia Stone Director 1.00 1.00 X 0 0 0 Amy Testa Director 1.00 1.00 X 0 0 0 Chung Wong Director 1.00 1.00 X 0 0 0 Martin Zipern Director 1.00 1.00 X 0 0 0 Ian Zinn Director 1.00 1.00 X 0 0 0 Marvin A Tanck CEO & President 51.00 9.00 X 394888 0 16168 Karen Davidson Chief Financial Officer 51.00 9.00 X 278430 0 7843 Kathyrn Spencer Vice President-Human Servi 51.00 9.00 X 232021 0 12720 Cassandra Fulwood Vice President 51.00 9.00 X 117708 0 8015 Brian Edwards Vice President-Marketing 51.00 9.00 X 119452 0 823 Brian Itzkowitz COO 51.00 9.00 X 314245 0 11192 1456744 0 56761 6 0 1 0 Waste Management PO Box 4648 Carol Stream IL 60197 Trash Collection 868663 iVenture Solutions 7775 Belfort Parkway Jacksonville FL 32256 Consulting 794359 Wex BankWright Express PO Box 6293 Carol Stream IL 60197 Vehicle Maintenance 426905 Penske Truck Leasing Co LP PO Box 105040 Tucker GA 30085 Vehicle Leasing 418101 Roth Brothers Inc PO Box 360170 Pittsburg PA 33442 Air Conditioning 167642 5 107295 8626407 34363393 33555844 43097095 Contracts 900099 4203762 4203762 Employment and Training 900099 521484 521484 Participant Rents 900099 226728 226728 4951974 27199 27199 2904 9970 0 11701 2904 -1731 1173 1173 4602 107295 29581 -24979 -24979 Administration Fee 900099 1439523 1439523 Change in Value of Derivative Con 900099 67666 67666 Other Misc. Revenue 900099 45142 45142 -3422 -3422 1548909 49601371 4997116 0 1507160 13937 13937 1513508 1356560 139085 17863 21300877 19068758 1976178 255941 197150 182232 13671 1247 1648467 1523725 114308 10434 2527876 2357477 144934 25465 117320 70082 45258 1980 62390 37269 24068 1053 9760 9760 2437095 1544523 852096 40476 101956 60904 39331 1721 2522326 2180679 303053 38594 12690056 12449502 240554 1508378 1444381 54834 9163 79569 11369 68200 32444 8676 23760 8 169368 169368 1270884 1004909 265975 806758 791474 15284 Store Discounts, Drug S 293359 282161 10683 515 Special Events pg. 9 -29581 -29581 49273897 44557986 4272832 443079 30000 30230 1553741 2025568 2010485 2004324 2702374 2786085 1096146 1541810 25208061 15329256 9936053 9878805 765482 738102 261831 324952 18356112 19329876 2554879 2875673 121699 27961 5287942 5063491 611765 1556203 295463 58030 8871748 9581358 X 8934127 9701940 279540 -3422 270697 50000 9484364 9748518 18356112 19329876 327474 -63320 0 X X 0 1 X 1 1 1 X 33100882 42522305 41436882 40632858 43097095 200790022 11938899 4736341 4630034 4662722 4951974 30919970 45039781 47258646 46066916 45295580 48049069 231709992 0 0 0 231709992 10485 38419 16159 31369 27199 123631 10485 38419 16159 31369 27199 123631 537351 571530 586536 280456 45142 2021015 45587617 47868595 46669611 45607405 48121410 233854638 0.99080 0.98880 0.00050 0.00060 X 2215845 2215845 13779669 7397488 6382181 3521835 2605430 916405 5690712 5326338 364374 9878805 Derivative Financial Instrument 58030 58030 X 49454213 -61589 938187 876598 48577615 1023756 1023756 49601371 49438173 1188032 1188032 48250141 1023756 1023756 49273897 Part X, Line 2: Gulfstream Goodwill Industries, Inc. is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code of 1986 and from state income taxes under similar provisions of the State of Florida Income Tax Code. The Organization has been classified as a publicly supported organization, which is not a private foundation under 509(a) of the Code. The Organization did not engage in any unrelated business activities during the year ended December 31, 2018, and accordingly there is no provision for income taxes reflected in the accompanying consolidated financial statements. The Organization follows FASB ASC 740, Accounting for Uncertainty in Income Taxes. This standard seeks to reduce the diversity in practice associated with certain aspects of measurement and recognition in accounting for income taxes. It prescribes a recognition threshold and measurement attribute for financial statement recognition and measurement of a tax position that an entity takes or expects to take in a tax return. An entity may only recognize or continue to recognize tax positions that meet a "more likely than not" threshold. The Organization assesses the income tax positions based on management's evaluation of the facts, circumstances, and information available at the reporting date. The Organization uses the prescribed "more likely than not" threshold when making their assessment. There are currently no open Federal or State tax years under audit. Part XI, Line 2d - Other Adjustments: Revenue-Lighthouse for the Blind 908,606. Special Event Expenses 29,581. Part XI, Line 4b - Other Adjustments: Revenue - Elimination Revenue of Consolidated Entities 956,090. Interest Rate Swap 67,666. Part XII, Line 2d - Other Adjustments: Expenses-Lighthouse for the Blind 1,156,720. Special Event Expenses 29,581. Fixed asset disposal 1,731. Part XII, Line 4b - Other Adjustments: Revenue - Elimination Expenses of Consolidated Entities 956,090. Interest Rate Swap 67,666. Golf Tournament and other events 111897 107295 4602 29581 111897 107295 4602 29581 29581 -24979 1 Client Assistance Fund 44 13937 Part I, Line 2: The company provides information in the local newspaper's program Season to Share, detailing specific clients who are indigent or victims of a disaster and solicits donations to help those highlighted in the story and the many others who may be in the same situation. The Executive Management of the company then reviews each case to ensure that those most in need receive some financial assistance if possible. The checks paid out of the Client Assistance Fund is the method that the company used to estimate the number of recipients and to determine that no recipient, other than the Season to Share participant, received more than $5,000. X X X X 0 0 0 1 0 0 0 0 0 Marvin A Tanck CEO & President 270694 0 113368 0 10826 0 11000 0 5168 0 411056 0 0 0 Karen Davidson Chief Financial Officer 175789 0 95762 0 6879 0 3005 0 4838 0 286273 0 0 0 Kathyrn Spencer Vice President-Human Servi 196753 0 25000 0 10268 0 7551 0 5169 0 244741 0 0 0 Brian Itzkowitz COO 279422 0 0 0 34823 0 6030 0 5162 0 325437 0 0 0 A Palm Beach County Florida 2014-07-02 5958000 Industrial Development Revenue Bond-Tax Exempt Series 2014A 0 0 0 A 5958000 2014 1 0 1 1 A 0 0 0 0 1 0 0 A 0 0 0 0 1 1 Suntrust Bank 10.000000000000 0 0 0 0 1 A 1 990 page 11, line 20 Bonds Payable: On July 2, 2014, Goodwill issued a tax-exempt industrial development revenue bond of $5,958,000 (Series 2014A). The bond has a floating interest rate; however, the interest rate is fixed for the term of the bonds at 3.24% under an interest rate swap agreement entered into with a financial institution. Principal and interest are payable monthly. As of December 31, 2018 the outstanding balance was $4,463,098. The bonds are collateralized by the assets of Goodwill. Loan Covenants Under the terms of the bonds and the line of credit agreements, Goodwill must maintain a debt service ratio of at least 1.25 to 1.00. Goodwill must also maintain a minimum liquidity of $1,500,000. Goodwill was able to meet the debt service coverage ratio covenant and the liquidity covenant and was therefore in compliance with the terms of the bond agreement. X 33539844 Based on sales price X Transportation Equipment-Bus 0 16000 Est. fair mkt. value 0 0 0 Form 990, Part VI, Section B, line 11b How Form 990 is provided to board of directors before filing: The Form 990 is provided to the board of directors at an annual Form 990 review meeting as presented by the independent auditor. Form 990, Part VI, Section B, line 12c Conflict of Interest Monitoring: All officers, trustees and employees are provided with a copy of the Organization's conflict of interest policy. The policy states that potential conflicts shall be disclosed involving any situation or transaction in which they are involved and which in their opinion, violates, may violate, or could appear to violate the intent of the company's conflict of interest or ethical policy statement. Such disclosures and exception request shall be presented to the President for a ruling. Form 990, Part VI, Section B, line 15 Process of determining compensation of top management: The compensation committee of the board of directors of Gulfstream Goodwill Industries, Inc. annually reviews and approves the compensation of the CEO/President. The process was last performed May 2018. Process of determining compensation of other officers and key employees: The President and Vice President of Gulfstream Goodwill Industries, Inc. review the salary guidelines and the actual salaries of the officers in a quantitative analysis, prepared by the VP of Human Resources, accesing wage information made available through Human Resource's subscription to various external sources. Form 990, Part VI, Section C, line 19 Availability of documents: The Organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. Page 12 Part XII Line 2c Audit Report Review Process: The audit report is reviewed annually at the audit report review meeting as presented by the independent auditor. The process has not changed from the prior year. Lighthouse for the Blind of the Palm Beaches Inc 1715 E Tiffany Drive West Palm Beach FL 33407 596008622 Assist the blind and visually impaired with rehabilitation and life skills FL 501(c)(3) Line 11 0 Gulfstream Goodwill Academies Inc 3800 South Congress Ave Boynton Beach FL 33426 590498259 Charter School in Palm Beach County FL 501(c)(3) Line 2 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 Lighthouse for the Blind Inc L 956090