The CEO of Goodwill, Steven C. Preston, earned a total compensation of approximately $1.1 million in 2020.
This amount includes a base salary, bonuses, and other forms of compensation.
The majority of his earnings come from his base salary, which is around $400,000.
Bonuses and other benefits make up the rest of his compensation package.
Goodwill, as a nonprofit organization, often has compensation structures that reflect both the mission and the operational needs of the organization.
Transparency in executive compensation is crucial for nonprofit organizations like Goodwill, as it helps build trust with donors and the community.
The organization’s focus is primarily on creating job opportunities and promoting workforce development, which is a key aspect of its mission.
Understanding how much the CEO makes can give insight into how the organization prioritizes its resources.
It’s worth noting that compensation may vary from year to year based on performance and organizational success.
For more specific data regarding Goodwill’s executive compensation, annual reports are often available for public viewing.
These reports can provide a more detailed breakdown of the CEO’s pay and the financial health of the organization.
How does Goodwill determine CEO compensation?
Goodwill determines CEO compensation based on factors like market benchmarks, organizational performance, and the overall financial health of the nonprofit.
Is the CEO of Goodwill’s salary typical for nonprofit organizations?
The salary of the CEO of Goodwill is considered typical for larger nonprofit organizations, especially those that have significant revenue and a wide-reaching impact.
What are the responsibilities of the CEO of Goodwill?
The CEO of Goodwill is responsible for overseeing operations, strategic planning, fundraising, and ensuring the organization meets its mission of workforce development.
Are executive salaries at Goodwill publicly available?
Yes, executive salaries at Goodwill are publicly available through annual financial reports and IRS Form 990 filings.
How does Goodwill use its funds?
Goodwill uses its funds primarily for job training programs, community services, and operational expenses to support its mission.