Goodwill CEO Salaries: What You Need To Know (2024 Guide)
Ever wondered what the top executives at non-profits really make? The compensation packages for CEOs at organizations like Goodwill Industries can be surprisingly complex, encompassing not just base salary, but also bonuses, benefits, and other forms of remuneration. These figures, often debated, spark considerable interest and scrutiny, particularly given the charitable nature of the organization.
Understanding the intricacies of executive compensation at Goodwill Industries requires navigating a landscape of varying chapter sizes, revenue streams, and geographic locations. The Goodwill CEO salary isn't a monolithic figure; it's a spectrum reflecting the diverse operational scales and financial performances of individual Goodwill organizations across the United States. Factors influencing these salaries range from the scope of the chapter's operations to its annual revenue, and even the prevailing cost of living in its location. Data from various sources indicates a wide annual base salary range for Goodwill CEOs nationwide, highlighting the nuanced nature of executive pay within the organization.
| Category | Information |
|---|---|
| Name | Steven C. Preston |
| Born | August 4, 1960 |
| Title | President and CEO, Goodwill Industries International |
| Former Positions | 14th Secretary of the U.S. Department of Housing and Urban Development (HUD) (2008-2009), 22nd Administrator of the U.S. Small Business Administration (SBA) (2006-2008) |
| 2019 Salary | $729,000 |
| 2023 Total Compensation | Exceeded $710,000 |
| Reports To | Volunteer Board of Directors |
| Reference Link | Goodwill Industries International |
The question of who "owns" Goodwill is a common one. Goodwill is not owned by an individual but is run by an international corporation. Steven Preston is the President and CEO of Goodwill Industries International, reporting to a volunteer board of directors. This structure ensures that the organization's leadership is accountable to a governing body and operates in accordance with its mission.
Delving deeper into specific cases, Goodwill Industries of South Florida made a loan of $75,000 to David Postrana, the former CEO. The outstanding balance is $550,000. Further details can be found in Schedule O of Form 990. This example underscores the importance of transparency and accountability in nonprofit financial dealings.
Contrasting this with other Goodwill organizations, Goodwill Industries of the Columbia Willamette, based in Portland, Oregon, operates independently. This highlights the decentralized nature of the Goodwill network, where individual organizations manage their own affairs while adhering to the overall Goodwill mission.
Executive compensation at Goodwill is a multifaceted issue. The average Goodwill executive compensation is $232,402 per year. The median estimated compensation for executives, including base salary and bonus, is $238,583, or $114 per hour. The highest-compensated executive at Goodwill makes $652,000 annually, while the lowest-compensated makes $50,000. Importantly, no CEO in the Goodwill system has ever received millions of dollars in annual salary. It's important to note that figures citing "$2.3 million" in CEO pay with only "8% in aid" are considered inflated and misrepresent the actual allocation of funds. These figures are often skewed and lowball the share of money going to charitable programs by factors ranging from two to 10.
While Mark Curran has no affiliation with Goodwill, either as an owner or employee, the issue of CEO salaries within the organization remains a topic of interest. The estimated average pay for a Chief Executive Officer at Goodwill Industries in the United States is $61,602 per year, which is significantly (56%) below the national average. However, this figure may not accurately reflect the compensation of CEOs at larger, more established Goodwill organizations.
According to the latest available tax filings, Steven C. Preston, the CEO of Goodwill Industries International Inc., received a salary of $729,000 in 2019. In 2023, his total compensation package exceeded $710,000. These figures provide a concrete example of executive compensation at the highest level of the organization.
It's essential to consider the broader salary landscape within Goodwill. The average Goodwill salary ranges from approximately $27,189 per year for a retail sales associate to $236,620 per year for a Senior Director Investor. Hourly pay ranges from around $12 per hour for a Halloween sales associate to $92 per hour for an IP Counsel. These figures demonstrate the diverse range of roles and corresponding compensation levels within the organization.
Goodwill Industries states that its salaries are appropriate to the performance of its CEO, the established market, and its nonprofit industry. The organization emphasizes its dedication to ensuring the mission of Goodwill is achieved. Independent charity watchdog organizations like Guidestar and the Better Business Bureaus Wise Giving Alliance provide further details about Goodwill Industries, offering additional perspectives on its financial management and operational practices.
Goodwill's impact is significant. The organization served 13,611 people and placed 4,812 people in employment. Its intensive programs continue to have great success, particularly regarding job placement for persons with disabilities (55%) and transitional employment (96%) success rate. These statistics highlight the tangible benefits Goodwill provides to the communities it serves.
In New York State, data collected directly from employees and jobs on Indeed provides insights into Goodwill Industries CEO/President salaries. This regional perspective adds another layer to the overall understanding of executive compensation within the organization.
Looking at organization CEO total compensation in a recent fiscal year, Goodwill Industries International offers a specific data point. This information helps to contextualize the compensation packages offered to top executives.
In the context of Goodwill CEO salary, it's worth noting that Preston's estimated annual earnings of around $176,000 are considered within the typical range for nonprofit executives. Compared to CEOs of similar organizations, Prestons salary is often described as modest. The compensation of Goodwills CEO compared to the head of the Salvation Army highlights the impact of organizational structure and funding on executive pay.
Historically, Goodwill Industries has paid higher salaries, with CEOs earning between $500,000 to over $1 million annually. This historical context helps to understand the evolution of executive compensation within the organization.
Glassdoor's salary predictions are powered by a proprietary machine learning model, which utilizes salaries collected from users and the latest government data. This model provides additional insights into pay predictions within Goodwill Industries.
If the 161 Goodwill organizations each paid their CEO the average compensation, then Goodwill would have spent more than $113 million on CEO compensation in 2023. This theoretical calculation illustrates the potential aggregate cost of executive compensation across the entire Goodwill network.
Goodwill Industries International is actually one of the smaller Goodwill organizations since its role is to oversee all the Goodwill member organizations. This clarification is important to understand the organization's structure and the relative size of different Goodwill entities.
In 2020, the CEO of Goodwill Houston received $672,557. Similarly, in the same year, the CEO of Goodwill Industries of Central Arizona reported the highest compensation on the list, at a staggering $832,711. These figures offer further examples of CEO compensation at specific Goodwill organizations.
The average salary for a Chief Executive Officer (CEO) at Goodwill Industries is projected to be $180,840 in 2025. Payscale offers resources to research Chief Executive Officer (CEO) salaries by city, experience, and skill, providing a more granular view of compensation trends. Goodwill Industries of the Columbia Willamette is based in Portland, Oregon.
Executive compensation at Goodwill is a complex issue that involves navigating various factors such as the size of the organization, revenue, location, and performance. The information available highlights the diverse range of salaries within the Goodwill network, from retail associates to top executives. Transparency and accountability are crucial in ensuring that executive compensation is aligned with the organization's mission and goals.
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