Goodwill Industries

3024 WordsJun 6, 201313 Pages
Goodwill Industries Financial Condition and Operations Goodwill Industries are organizations for nonprofit making that provide or render employment, community based programs, placement services, and job training to individuals that cannot access proper education, disabled individuals and the unemployed. A huge network of institutions of retail thrift, that works as organizations of nonprofit organizations, sponsor goodwill industries. A large portion of goodwill industries finance is donated items from retail stores. The community’s generous donations of household items and clothing provide the store’s merchandise. Such donations are critical to goodwill industries mission of Colorado Springs, both donating and shopping in their stores,…show more content…
These employees enjoy accrued benefit such as health insurance, vacation, Competitive wages, dental insurance, holiday and a retirement plan (Helms, 2001). Goodwill Industries do not hold fundraising events or solicit cash donations, but financial donations are gratefully accepted. Most of these Industries set offer employment with higher opportunities for disabled and those with barriers to employment. Some of the services that the disabled perform include, Light Assembly, sorting, labeling and Packaging. They are also involved in: shrink Wrapping, Mailing, Blister Packing, Craft projects and Stuffing Envelopes (Keeler, 1992). Goodwill Industries strive to ensure that their stores are invariably full of fresh products. Merchandise remains in the retail stores for few weeks, and then it is marked down severally after few weeks. If the item does not sell after a given time, it is transferred to any Clearance Center where it is offered at an amount. If the items still fail to sell in the Clearance Center, they are sold in bulk to third party recyclers or recycled (Moore, 2001). Goodwill Industries make sales online. They have created online bidding sites that require bidders to register online in order to browse, place bid and be able to buy any item that is available for sale. This site normally notify bidders whenever they are outbid on an item and
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