2023-11-22T07:53:35-06:00 2022-12-31 593070669 MSL PA 255 S ORANGE AVENUE SUITE 600 ORLANDO FL 32801 990 2022-01-01 874772336 GGI FOUNDATION INC GGIF 5618487200 1715 TIFFANY DRIVE E WEST PALM BEACH FL 33407 KAREN DAVIDSON CFO 5618487200 2023-11-22 1 KAREN DAVIDSON 999009999 0 VICKI L HINZ CPA P00356696 4077405400 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z X KEITH KENNEDY 1715 TIFFANY DRIVE E WEST PALM BEACH FL 33407 0 0 X WWW.GOGGI.ORG X 2022 FL PROVIDING SUPPORT TO GULFSTREAM GOODWILL INDUSTRIES, INC., AND TO OTHER PROGRAMS FURTHERING REHABILITATION, TRAINING, EMPLOYMENT, AND OR LOW-INCOME HOUSING FOR PERSONS WITH DISABILITIES. 4 4 0 4 0 0 0 0 0 0 0 0 0 0 0 0 899 899 -899 5326774 162446 5164328 PROVIDING SUPPORT TO GULFSTREAM GOODWILL INDUSTRIES, INC., AND TO OTHER PROGRAMS FURTHERING REHABILITATION, TRAINING, EMPLOYMENT, AND OR LOW-INCOME HOUSING FOR PERSONS WITH DISABILITIES. 0 0 GGI FOUNDATION, INC. (THE "FOUNDATION") IS A FLORIDA NONPROFIT CORPORATION WHOSE OPERATIONS COMMENCED DECEMBER 1, 2022. THE FOUNDATION'S PURPOSE INCLUDES PROVI-DING SUPPORT TO GULFSTREAM GOODWILL INDUSTRIES, INC., AND TO OTHER PROGRAMS FURTHERING REHABILITATION, TRAINING, EMPLOYMENT, AND OR LOW-INCOME HOUSING FOR PERSONS WITH DISABILITIES, AND THE DISADVANTAGED THROUGHOUT THE SOUTHEAST FLORIDA REGION. 1 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 4 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 FL X KAREN DAVIDSON CFO 5618487200 1715 EAST TIFFANY DRIVE WEST PALM BEACH FL 33407 DAN BARSKY DIRECTOR 1.00 1.00 X 0 0 0 MICHAEL COWAN DIRECTOR 1.00 1.00 X 0 0 0 GEORGE MATSOUKUS DIRECTOR 1.00 X 0 0 0 JOAN MCCABE DIRECTOR 1.00 2.00 X 0 0 0 KEITH KENNEDY PRESIDENT AND CEO 1.00 59.00 X 0 457083 104999 KAREN DAVIDSON CHIEF FINANCIAL OFFICER 1.00 59.00 X 0 334782 68409 0 791865 173408 0 0 1 0 0 0 0 0 0 X 584 584 315 315 899 0 899 0 108087 53460 5165227 0 5326774 137986 0 24460 0 162446 X 5164328 0 5164328 0 5326774 X -899 5165227 X X 0 1 X 1 1 1 X 0 0 0 X 0 CASH AND MONEY MARKET FUNDS 419935 F CORPORATE BONDS 2280383 F ETF FUNDS 2019318 F DOMESTIC EQUITIES AND MUTUAL FUNDS 445591 F 5165227 DUE FROM AFFILIATIES 24460 24460 X PART X, LINE 2: GGI FOUNDATION, INC. IS INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS WITH ITS AFFILIATES. THE CONSOLIDATED FINANCIAL STATEMENTS CONTAIN THE FOLLOWING FOOTNOTE: GOODWILL AND THE ACADEMY ARE EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986 (THE "CODE") 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, 2022 AND 2021, 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. AS OF DECEMBER 31, 2022, WITH FEW EXCEPTIONS, THE ORGANIZATION IS LONGER SUBJECT TO INCOME TAX EXAMINATIONS ON ITS FEDERAL INCOME TAX RETURNS PRIOR TO 2019. X X X X X 0 0 0 0 0 0 0 0 0 KEITH KENNEDY PRESIDENT AND CEO 0 358238 0 90051 0 8794 0 80000 0 24999 0 562082 0 0 KAREN DAVIDSON CHIEF FINANCIAL OFFICER 0 235681 0 90307 0 8794 0 52429 0 15980 0 403191 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: AN INDEPENDENT COMPENSATION CONSULTANT IS RETAINED ANNUALLY BY THE COMPENSATION COMMITTEE TO REVIEW AND RECOMMEND COMPENSATION AND BENEFITS FOR CEO/PRESIDENT. ADDITIONALLY, THE CONSULTANT MAKES RECOMMENDATIONS TO THE PRESIDENT/CEO FOR OTHER OFFICERS AND KEY EMPLOYEES. PROCESS OF DETERMINING COMPENSATION OF KEY EMPLOYEES: THE PRESIDENT AND VICE PRESIDENT REVIEW THE SALARY GUIDELINES AND THE ACTUAL SALARIES OF THE OFFICERS IN A QUANTITATIVE ANALYSIS, PREPARED BY THE COMPENSATION CONSULTANT, ACCESSING 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. FORM 990, PART IX, LINE 11G OTHER FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 584. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 584. FORM 990, PART XI, LINE 9: TRANSFER OF NET ASSETS 5,165,227. FORM 990, PART XII, LINE 2C THE BOARD OF DIRECTORS IS RESPONSIBLE FOR THE OVERSIGHT OF THE ORGANIZATION'S FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. GULFSTREAM GOODWILL INDUSTRIES INC 1715 TIFFANY DRIVE E WEST PALM BEACH FL 33407 591197040 CHARITY FL 501(C)(3) LINE 12B, II N/A 0 GULFSTREAM GOODWILL ACADEMIES INC 1715 TIFFANY DRIVE E WEST PALM BEACH FL 33407 590498259 CHARTER SCHOOL IN PALM BEACH COUNTY FL 501(C)(3) LINE 2 GULFSTREAM GOODWILL INDUSTRIES INC 1 GGI ABILITY SERVICES INC 1715 TIFFANY DRIVE E WEST PALM BEACH FL 33407 882819556 JOB TRAINING FL 501(C)(3) LINE 7 GULFSTREAM GOODWILL INDUSTRIES INC 1 GGI HUMAN SERVICES INC 1715 TIFFANY DRIVE E WEST PALM BEACH FL 33407 874759147 JOB TRAINING FL 501(C)(3) LINE 7 GULFSTREAM GOODWILL INDUSTRIES INC 1 GGI RETAIL SERVICES INC 1715 TIFFANY DRIVE E WEST PALM BEACH FL 33407 874809600 JOB TRAINING FL 501(C)(3) LINE 10 GULFSTREAM GOODWILL INDUSTRIES INC 1 WORN NOT WASTED INC 1715 TIFFANY DRIVE E WEST PALM BEACH FL 33407 880542920 THRIFT STORE FL GULFSTREAM GOODWILL INDUSTRIES INC C 19236 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1