GOODWILL EDUCATION INITIATIVES INC Charity Report

Public IRS 990 nonprofit record

GOODWILL EDUCATION INITIATIVES INC

EIN 20-0749885 · Education (B240)

What they do

to PROVIDE EDUCATIONAL OPPORTUNITIES DESIGNED to ENABLE YOUNG PEOPLE and ADULTS to ENHANCE THEIR SUCCESS IN LIFE and WORK; to DEVELOP, OWN, and OPERATE ONE or MORE CHARTER SCHOOLS.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $84.00 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders17 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

83.44%of revenue went to mission work84.0% of expenses · Program services

$99.33spent for every $100 of revenueRevenue covered expenses this year.

15.89%of revenue went to management and office costs16.0% of expenses

$1.02in assets for every $1 spent this yearSome assets cannot be spent right away.

97.3%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $195,698 for KATHERINE BUSTAMANTE (VICE PRESIDENT, GEI & THE EXCEL CENTER NATIONAL OF). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$44,251,243

Mission workProgram services$36,921,36083.44% of revenue84.0% of expenses

ManagementOffice and general costs$7,032,40115.89% of revenue16.0% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$297,4820.67% of revenueShown in gray on the chart

Total expenses$43,953,76199.33% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 84.0% mission · 16.0% management · 0.0% fundraisingTotal expenses: 99.33% of revenue

2023Expense mix: 81.4% mission · 18.6% management · 0.0% fundraisingTotal expenses: 86.20% of revenue

2022Expense mix: 84.2% mission · 15.8% management · 0.0% fundraisingTotal expenses: 99.20% of revenue

2021Expense mix: 82.9% mission · 17.1% management · 0.0% fundraisingTotal expenses: 94.89% of revenue

2020Expense mix: 80.1% mission · 19.9% management · 0.0% fundraisingTotal expenses: 86.10% of revenue

2019Expense mix: 83.5% mission · 16.5% management · 0.0% fundraisingTotal expenses: 91.24% of revenue

2018Expense mix: 81.5% mission · 18.5% management · 0.0% fundraisingTotal expenses: 97.92% of revenue

2017Expense mix: 80.0% mission · 20.0% management · 0.0% fundraisingTotal expenses: 95.76% of revenue

Money in and money out

Revenue$44,251,243

Expenses$43,953,761

Annual surplus $297,482 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$36,921,360 · 84.0% of expenses

Management and office costs$7,032,401 · 16.0% of expenses

See all reported dollar amounts

Revenue$44,251,243

Expenses$43,953,761

Assets$44,757,876

Income$44,598,441

Contributions$43,039,713

Mission work (program services)$36,921,360

Management and general$7,032,401

Stocks and bonds$6,371,197

Accounting fees$56,030

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

KATHERINE BUSTAMANTEVICE PRESIDENT, GEI & THE EXCEL CENTER NATIONAL OF · 40 hrs/week $195,698Base $176,422 · Other $19,276

LAKIA OSBORNESENIOR DIRECTOR, GEI · 40 hrs/week $169,029Base $146,722 · Other $22,307

DAN SCOTTSENIOR DIRECTOR, CORPORATE IMPACT & ANALYTICS · 40 hrs/week $157,490Base $127,579 · Other $29,911

SARAH THOMASSENIOR DIRECTOR, NATIONAL OFFICE · 40 hrs/week $151,337Base $125,604 · Other $25,733

COREY EMERYSENIOR DIRECTOR, GEI · 40 hrs/week $141,516Base $134,708 · Other $6,808

BETSY DELGADOSVP OF EDUCATION · 1 hrs/week $42,475Base · Other $42,475

KENT KRAMERCEO - GOODWILL LEGACY GROUP · 1 hrs/week $42,067Base · Other $42,067

MATTHEW FORTNEYTREASURER-NON VOTING · 1 hrs/week $25,045Base · Other $25,045

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (17)

KATHERINE BUSTAMANTEVICE PRESIDENT, GEI & THE EXCEL CENTER NATIONAL OF

LAKIA OSBORNESENIOR DIRECTOR, GEI

DAN SCOTTSENIOR DIRECTOR, CORPORATE IMPACT & ANALYTICS

SARAH THOMASSENIOR DIRECTOR, NATIONAL OFFICE

COREY EMERYSENIOR DIRECTOR, GEI

BETSY DELGADOSVP OF EDUCATION

KENT KRAMERCEO - GOODWILL LEGACY GROUP

MATTHEW FORTNEYTREASURER-NON VOTING

JOSH SHELTONDIRECTOR

PATRICIA CASTANEDADIRECTOR

LAURA PICKETTVICE CHAIR

KOFI BARKOSECRETARY

JAY OLIVERDIRECTOR

GITA BAKERCHAIR

GARLAND GRAVESDIRECTOR

DON PALMERDIRECTOR

C PERRY GRIFFITH JRDIRECTOR

About this charity

Recognized since: January 2004
Location: 1635 W MICHIGAN ST, INDIANAPOLIS, IN 46222-3852
County: Marion
In care of: % JAMES M MCCLELLAND
Primary officer: MATTHEW FORTNEY, TREASURER

How to reach them

Phone(317) 524-4313

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: BLUE & CO LLC
NTEE classification: Education (B240)
IRS tax category: Elementary and Secondary Schools