* WHY IS GOODWILL INDUSTRIES RAISING THEIR PRICES ??
* REMEMBER WHEN THRIFT STORE SHOPPING USED TO BE AFFORDABLE ?
* GOODWILL'S SALES ARE UP AT LEAST 30% SINCE OUR ECONOMY STARTED GOING IN THE TOILET !
* DEMAND LOWER PRICES !
2006/2007 TOTAL REVENUE $39,051,217
Monies spent for Goodwill's basic job training and education programs (this is the supposed main goal//function of the profit off of the thrift store sales) $2,779,763
Monies spent on operating Goodwill's thrift stores (paid employees wages & compensation) $31,933,783
Monies spent on upper management salaries $1,080,192
Net assets after all expenses are paid $13 million.
What this means is LESS THAN 8% of Goodwill's expenses are going to fund the PROGRAMS THAT ACTUALLY HELP THE PEOPLE IN THEIR MISSION STATEMENT (this is their mission statement...."Employment training and basic education to individuals experiencing significant barriers to economic opportunity...") !! The rest of the expenses go to running the thrift stores and paying the CEO's and other wages !!!!!!
The tax forms on record for 06/07' are deceiving as they combine the paid employees expenses and the expenses related to the job training and education programs together, however, if you are able to really analyze it, there is a very clear section that breaks down these two expenses !
And speaking of CEO and upper management wages....this is what they were compensated for the 2006/2007 year
Keep in mind~~ the "average pay" for a CEO for a non profit company in the pacific northwest in 2006/2007 was $135K
Ken Collig President Director $218,918
Michael Jurich VP- CFO $141,816
Cynthia Foslund VP- Operations $142,311
Janice Jackson-Haley VP- Human Resources $95,344
BG Nabors-Glass VP- Programs $88,032
Bert Fish VP- Loss Prevention $81,811
So now when you go to Goodwill and shop to be frugal, think of these figures, think of our current economy, think of Washingtons 8.4% unemployment rate