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The report covers the consolidated statement of financial position, activities, functional expenses, and cash flows, with accompanying notes and supplementary consolidating schedules. Audit responsibilities of management and the auditors are described under U.S. generally accepted auditing standards (GAAS), including independence, internal control considerations, going-concern evaluation, and procedures designed to address risks of material 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the Year Ended December 31, 2021  \n(With Summarized Financial Information for the Year Ended December 31, 2020)  \nand  \nReport Thereon  \nGOODWILL OF GREATER WASHINGTON AND SUBSIDIARIES  \nTABLE OF CONTENTS  \nFor the Year Ended December 31, 2021  \nPage  \nIndependent Auditors’ Report ............................................................................................................. 1-3  \nConsolidated Financial Statements Consolidated Statement of Financial Position .................................................................................... 4  \nConsolidated Statement of Activities .................................................................................................. 5  \nConsolidated Statement of Functional Expenses ............................................................................... 6  \nConsolidated Statement of Cash Flows.............................................................................................. 7  \nNotes to Consolidated Financial Statements .................................................................................8-22  \nSupplementary Information  \nConsolidating Schedule of Financial Position ................................................................................... 23  \nConsolidating Schedule of Activities ................................................................................................. 24  \nINDEPENDENT AUDITORS’ REPORT  \nTo the Board of Directors of  \nGoodwill of Greater Washington and Subsidiaries  \nOpinion  \nWe have audited the consolidated financial statements of Davis Memorial Goodwill Industries (d/b/a Goodwill of Greater Washington) (GGW) and subsidiaries Best Kept Buildings (BKB) and The Goodwill Excel Center, Public Charter School (GEC) (collectively referred to as Goodwill) , which comprise the consolidated statement of financial position as of December 31, 2021, and the related consolidated statements of activities, functional expenses and cash flows for the year then ended, and the related notes to the consolidated financial statements.  \nIn our opinion, the accompanying consolidated financial statements present fairly, in all material respects, the consolidated financial position of Goodwill as of December 31, 2021, and the changes in its net assets and its cash flows for the year then ended in accordance with accounting principles generally accepted in the United States of America.  \nBasis for Opinion  \nWe conducted our audit in accordance with auditing standards generally accepted in the United States of America (GAAS) . Our responsibilities under those standards are further described in the Auditors’ Responsibilities for the Audit of the Financial Statements section of our report. Weare required to be independent of Goodwill and to meet our other ethical responsibilities in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.  \nResponsibilities of Management for the Financial Statements  \nManagement is responsible for the preparation and fair presentation of the consolidated financial statements in accordance with accounting principles generally accepted in the United States of America, and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.  \nIn preparing the consolidated financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about Goodwill’s ability to continue as a going concern within one year after the date that the financial statements are available to be","cbCaicKQDTWf11yJ","https://ap.wps.com/l/cbCaicKQDTWf11yJ","pdf",350916,27,"English","# Independent Auditors’ Report\n## Opinion\n## Basis for Opinion\n## Responsibilities of Management for the Financial Statements\n## Auditors’ Responsibilities for the Audit of the Financial Statements\n# Consolidated Financial Statements\n## Consolidated Statement of Financial Position\n## Consolidated Statement of Activities\n## Consolidated Statement of Functional Expenses\n## Consolidated Statement of Cash Flows\n## Notes to Consolidated Financial Statements\n# Supplementary Information\n## Consolidating Schedule of Financial Position\n## Consolidating Schedule of Activities","[{\"question\":\"What are the management responsibilities described in the report?\",\"answer\":\"Management is responsible for preparing and fairly presenting the consolidated financial statements, designing and maintaining relevant internal control, and evaluating whether conditions or events raise substantial doubt about the organization’s ability to continue as a going concern within one year after issuance.\"}]","Davis Memorial Goodwill Industries - 2021 Consolidated Financial Statements Audit Report | PDF",9]