Monday, March 10, 2014

Is Goodwill Industries of KYOWVA costing more than its bringing in?


To:
Burnis Morris
From:
Courtney Sealey
Re:
Goodwill Industries of KYOWVA
Date:
March 10, 2014

______________________________________________________________________________
 

Subject:
Is Goodwill Industries of KYOWVA costing more than its bringing in?
 
Need:
Citizens of the tri-state area need to know if they’re donating to an incompetent or failing charity organization.
 
Scope:
Goodwill KYOWVA had a total of -$2,489 in revenue after expenditures were deducted in the 2012 tax year. This is compared to the $396,915 in 2011. It appears that the company lost almost $200,000 in contribution and grants in the 2012 year and brought in almost $300,000 less in program service revenue. Since the revenue was down, Goodwill did cut back on their expenses, but it was not enough.
 
This piece will investigate that issue as well was why the total number of company assets went up nearly $150,000 when the company was not bringing in enough revenue to afford the expenditures.
 
 
Methods:
I will investigate through researching online and through interviews with the IRS and employees of Goodwill Industries of KYOWVA. If necessary I will interview outside Goodwill Industries as well.
 
Sources:
IRS.gov, Guidestar.com, SOS.wv.gov, local newspaper and television publications. I will also  use Goodwill employees as sources as well.
 
Presentation:
This will be a onetime hard news article.
 
Follow-up:
If the story gets enough feedback there might be need for a follow-up hard news or editorial article as well.

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