Goodwill CEO Salary | Highest Paid Nonprofit CEOs

Have you ever imagined how much is goodwill CEO salary, the salvation army CEO salary, or the red cross CEO salary? Then this article is for you

What is the CEO of Goodwill’s pay? James Gibbons, the CEO of Goodwill Industries, received $598,300 in 2017, according to the company’s most recent Form 990.

This sum includes an extra $118,927 in compensation. Whatever way you look at it, Gibbons is well compensated.

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Goodwill Mission Statement

By fostering stronger communities, removing obstacles to opportunity, and assisting those in need to realize their full potential through education and the power of labor, Goodwill® works to improve the dignity and quality of life of individuals and families.

Goodwill Vision Statement

Every person has the chance to live up to their full potential, engage in all aspects of life, and make a contribution.

Goodwill Values

  • Respect
  • Stewardship
  • Ethics
  • Learning
  • Innovation

Who is Goodwill’s CEO?

The current CEO of Goodwill makes over $1 million annually.

Uncertainty surrounds the extent to which Goodwill’s pay reflects the charity’s initiatives to assist the unfortunate and underprivileged. Additionally, some detractors dispute Goodwill’s choice to market donated goods to a neo-imperialist consumer in a developing nation.

Richard Cantz serves as President and CEO of Goodwill Northern New England, while Steven Preston is the CEO of Goodwill Industries.

Mark Curran never held a position with Goodwill nor did he own any of their shops. Furthermore, his pay is still far less than that of the typical CEO in the USA. with over $800,000 yearly income.

The non-profit has a track record of being one of Oregon’s highest-paying employers. The CEO of Goodwill received $882,288 in 2014, making him the highest-paid CEO in Oregon, according to the organization’s annual report.

He received a $409,028 salary, $233,730 in incentives, and $179,686 in retirement benefits as part of his remuneration package. Miller had the second-highest salary of any charity CEO in Oregon in 2011.

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How much does Goodwill donate to charity?

A nonprofit store covers its operational expenses and donates almost all of its profits to charitable causes. For instance, tax reports show that St. Vincent De Paul and Goodwill both give away over 90% of their net income to charity.

What is the typical donation size?

Since the early 1800s, the Salvation Army and Goodwill have both been in operation. Each company has locations all around the world. Every store offers things for sale at a discount. A network of employees at Goodwill manages charity shops and solicits donations from customers.

Individual consumers account for fifty to seventy percent of each business’s sales. The Salvation Army, on the other hand, has been around for more than 120 years.

The company has more than 3,200 retail establishments. The majority of Goodwill stores function by sorting donated clothing, removing items that are mildew-ridden, and dividing clean items from those that are no longer functional.

What is the salary of the Goodwill chief executive officer?

Steven Preston is the CEO of Goodwill Industries. In addition, he leads Goodwill Industries Northern New England as president and CEO. There are numerous goodwill CEO pay tales circulating online, but they are untrue.

The Goodwill website claims that no CEO has ever earned a million dollars. The Head of Goodwill Industries International, which answers to a volunteer board, is Goodwill’s CEO. Therefore, it is impossible to determine the CEO of Goodwill’s pay.

Goodwill, which was established by Edgar J. Helms, generates about $2.3 million in revenue annually. The nonprofit company reported on its Form 990 that philanthropic programs accounted for 88 percent of its cash budget. This year, the average percentage is 86 percent.

The CEO of Goodwill was paid $598,300 in 2017. The additional $118,927 in pay that Gibbons got brought his total remuneration to $718,227.

Highest-paid charity CEOs

The top executives at some charities earn over $1 million a year. However, charity CEO compensation differs greatly by sector and organization size

Universities and large nonprofit hospital systems often compensate their CEOs more than small and medium-sized organizations do.

Nonprofit enterprises are not permitted to pay their CEOs more than $1 million annually, in contrast to for-profit businesses. This is due to the high management costs of huge public charities.

The community can still benefit greatly from charity organizations, but some of the best-paid CEOs might not be able to provide the same degree of assistance to people in need.

The Milken Family Foundation’s American and global divisional heads each earned more than $1 million in 2007.

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Of the three chief executives on the list, he was the only one who did not get a pay hike in 2008. However, he was still paid more than six times as much as other artists of comparable stature.

Although his pay increased from $195,000 in 2007 to $970,768 in 2008, it was still behind Michael Kaiser’s $2 million income in that year.

Does the Goodwill CEO make a million dollars?

All executive positions in the nonprofit organization answer to a volunteer Board of Directors. The CEO compensation of a nonprofit is still much lower than that of a for-profit firm, despite the fact that it may be higher. In actuality, Goodwill’s CEO remuneration is considerably lower than that of a for-profit organization.

Even with this discrepancy in pay, the Goodwill CEO’s salary is still a considerable sum. For instance, in Southern Oregon, where there are hundreds of employees, the CEO makes close to $18 million annually.

The Board of Directors of Goodwill determines the CEO’s pay, and it frequently reviews it in light of the company’s earnings, the services it offers to communities, and the overall effect it has on the local economy.

According to the company’s Form 990, the Goodwill CEO earned $422,578 in 2017. Nonprofit Quarterly reports that Goodwill spent $31 million on charitable donations while allocating 88 percent of its cash budget to programming.

Financial document of Goodwill

  • Goodwill industries international
  • Document type- IRS form 990
  • Tax ID- 53-0196517
  • Goodwill mission and job creation service
  • Document type- IRS form 990
  • Tax ID- 45-5221005
  • Goodwill industries international and related entities
  • Document- IRS form 990
  • Tax ID- Multiple

What is the salary of the CEO of Goodwill Industries? 

Goodwill Industries listed the salary of 2017 CEO James Gibbons as $598,300 with additional compensation of $118,927.

  1. James Gibbons
  • title- CEO
  • compensation- $717,227 
  1. Jeffrey McCaw
  • title- CFO
  • compensation- $309,191
  1. Kimberly Zimmer
  • title- Chief Marketing officer/senior VP, global development officer
  • compensation- $309,712

Let us see some of the highest-paid charity CEO: 

  1. Craig B. Thompson, M.D. (2019)
  • Title- President/CEO
  • Charity- Memorial Sloan Kettering Cancer centre
  • Compensation- $5,734,609
  • Bonus+ incentives- $3,330,000
  1. Robert W. Stone (2019)
  • Title- President/ CEO
  • Charity- City of hope and affiliates
  • Compensation- $3,043,914
  • Bonus+ incentives- $1,462,914
  1. Nancy Brown (2020)
  • Title- CEO
  • Charity- American heart association
  • Compensation- $2,517,493
  • Bonus+ incentives – $1,463,790
  • Michael Salem,M.D (2020)
  • Title- CEO
  • Charity- National Jewish Health
  • Compensation- $2,428,797
  • Bonus+ incentives- $1,260,000 
  • J.C.Watts, jr. (2020)
  • Title- Past director/CEO 
  • Charity- Dana-Farber Cancer Institute
  • Compensation- $1,766,948
  • Reportable income, per terms of settlement agreement- $1,870,000

Frequently Asked Questions

Who are the highest-paid nonprofit CEOS?

The largest-paid nonprofit CEO in the country in 2018, Bernard Tyson earned close to $18 million as the CEO of nonprofit health care behemoth Kaiser Permanente. The top 10 nonprofit health system leaders earned $7 million or more each year before.

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How much do the top executives at Goodwill make?

  • The current CEO of Goodwill makes over $1 million annually.
  • The top executives at some charities earn over $1 million a year. …
  • Despite this disparity in compensation, the Goodwill CEO’s salary is still a relatively high figure. …
  • In 2017, the Goodwill CEO made $422,578, according to the company’s Form 990.

Why do nonprofit CEOs make so much?

The CEO of a non-profit organization is ultimately in charge of maintaining the organization’s financial stability. One of the main factors contributing to the high salaries of non-profit CEOs is the need to ensure the organization can raise funds, acquire funding, and manage its finances effectively.

What percentage of Salvation Army goes to charity?

82 cents of every dollar spent is used to support those services in 5,000 communities nationwide. For more information, go to www.salvationarmyusa.org.

Why do charities ask for $19 a month?

The IRS mandates that charities and NGOs issue receipts to donors for contributions of $250 or more every year. The annual total for the $19 monthly request is a mere $228. This spares them the expense and time of mailing invoices to their numerous donations.

What percentage of St Jude’s donations go to charity?

St. Jude is pleased to report that 82 cents of every dollar donated has supported patients and ongoing research. The national St. Jude Walk/Run and other fundraising activities, as well as advertising to raise awareness of our lifesaving mission, are supported by 13 cents of every dollar.

Which charities give the least to the cause?

  • Children’s Cancer Fund of America. …
  • American Association of State Troopers. …
  • National Veterans Service Fund. …
  • Firefighter’s Charitable Foundation. …
  • Kids Wish Network. …
  • International Union of Police Associations. …
  • Breast Cancer Relief Foundation

What charity gives the highest percentage

  • World Medical Relief: 99.20 percent.
  • Feeding Tampa Bay: 99.10 percent.
  • Feeding America’s Hungry Children: 99.10 percent.
  • Caring Voice Coalition: 99.00 percent.
  • Foster Care to Success: 99.00 percent.
  • Good360: 99.00 percent.

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