Loading...
You are here:  Home  >  Lifestyle and Entertainment  >  Community  >  Current Article

Revoked Tax-Exempt Status for 123 Albany non-profits Does Not Include Goodwill Industries of the Southern Rivers

By   /   June 17, 2011  /   Comments

Now Dissolved Goodwill with Similar Name Creating
Confusion about IRS Black List

Columbus, GA – A recent list published by the IRS details 123 Albany non-profit organizations that had their taxexempt
status revoked for failing to file annual returns or notices for 3 consecutive years. This list does not apply to
the Goodwill in Albany, GA operated by Goodwill Industries of the Southern Rivers (GWISR). Since it’s inception in 1963,
GWISR, formerly known as Goodwill Industries of the Chattahoochee Valley, Inc. (GICV), has maintained its taxexempt
status and has been in good standing with all IRS requirements. The list features a dissolved Goodwill with a
similar name which has created confusion.

In fact, the dissolved organization, Goodwill Industries of South Georgia, Inc., was acquired in 2001 by GICV. In this
transaction GIVC assumed the dissolved organization’s liabilities in exchange for its assets. Later, the corporation’s
name changed from Goodwill Industries of the Chattahoochee Valley to Goodwill Industries of the Southern
Rivers to better reflect the diverse region. Even prior to the name change in 2004, the organization has always been in full compliance with all federal, state, and regulatory guidelines, including the IRS. GWISR goes above and beyond regulatory
requirements and posts 3 years of 990s and audited financial statements as well as the most recent quarter financial and mission outcomes on their website.

Since the acquisition of Goodwill Industries of South Georgia, Inc. in 2001, employees have reaped many benefits of joining forces including: substantially improved facilities, and the introduction of benefits including health insurance, generous paid time off and a 401k retirement savings plan.

Additionally, community donations of gently used clothing and other household items made it possible for the Albany Goodwill Career Center to serve 5,359 Albany community members, helping 799 people earn good jobs in 2010. These jobs create an estimated $12,481,205 local economic impact.

About Goodwill Industries of the Southern Rivers, Inc.

The Albany Goodwill Retail Store and Career Center are owned and operated by Goodwill Industries of the Southern Rivers (GWISR). GWISR is one of 165 independent community-based Goodwill nonprofits across the United States and Canada. Headquartered in Columbus, GA, GWISR serves 50 counties in West Georgia and East Alabama with free 1-on-1 job coaching, access to computers, printers, faxes and classes to facilitate job placement and advancement. These programs are made possible through your donations of gently used clothing and household goods that are sold at 10 Goodwill Retail Stores in Georgia and Alabama. For more information about Goodwill Industries of the Southern Rivers visit: www.gwisr.org.

    Print       Email
 

Comments

  1. [...] site: Revoked Tax-Exempt Status for 123 Albany non-profits Does Not Include Goodwill Industries of the Sou… Posted in News « Doerunites should buy bottled water Aaron’s downtown mission [...]

About the author

Owner / Editor / Writer

Tom Knighton is the publisher of The Albany Journal. In November, 2011, he became the first blogger to take over a newspaper anywhere in the world. In August of 2012, he made the difficult decision to take the Journal out of print circulation and become an online news agency, a first for the Albany area.

You might also like...

Boys & Girls Clubs of Albany Announces New Board Members

Read More →
SEO Powered by Platinum SEO from Techblissonline