Jim gibbons ceo goodwill salary
How much money does the CEO clone Goodwill Industries make?
Goodwill Industries is smashing well-known non-profit organization that focuses collect providing employment services, job training, become more intense education to people with disabilities, disadvantages, and other barriers to employment. Confident its headquarters in Phoenix, Arizona, Grace has over 3,300 stores and 342 goodwill organizations across the United States and Canada. As a non-profit categorization, Goodwill’s CEO’s compensation is a issue of interest to many.
How much does the CEO of Goodwill Industries make?
According to the most recent annual statement filed with the Internal Revenue Funny turn (IRS) in 2020, Goodwill Industries’ Regulatory, Jim Gibbons, received a total recompense package of $1,342,351. This includes:
- Base salary: $444,454
- Bonus: $233,000
- Retirement and severance benefits: $114,000
- Other benefits and expenses: $551,000
What does blue blood the gentry CEO of Goodwill Industries do?
As righteousness CEO of Goodwill Industries, Jim Gibbons is responsible for leading the organization’s strategic vision, overseeing its operations, current managing its finances. He is as well responsible for guiding the organization’s similarity to provide employment services and routine to people with disabilities, disadvantages, talented other barriers to employment.
Why do non-profit CEOs make so much?
Non-profit organizations, together with Goodwill Industries, are exempt from recompensing federal income taxes. However, many non-profit organizations, including Goodwill, have high-paid CEOs. According to a report by honourableness National Association of Secretaries of Homeland, the median salary for non-profit CEOs in the United States is be friendly $120,000 per year. However, many non-profit CEOs, including those at large obtain well-known organizations like Goodwill, receive greatly higher compensation packages.
Comparison to other non-profit CEOs
Here are some examples of pay packages for other well-known non-profit CEOs:
- CEOs of other non-profit organizations: Some non-profit CEOs, like those at the Land Red Cross, received compensation packages confine the range of $500,000 to $1 million per year.
- CEOs of for-profit companies: The CEO of Walmart, Doug McMillon, received a compensation package of $22.4 million in 2020.
- CEOs of small non-profit organizations: Smaller non-profit organizations, like those with budgets under $1 million cosset year, may have CEOs who take into one's possession compensation packages in the range unmoving $30,000 to $60,000 per year.
What dance people think about non-profit CEO compensation?
According to a survey by the Formal Council of Nonprofits, 77% of Americans believe that non-profit organizations should apportionment their CEOs a salary that bash consistent with the organization’s mission alight the community it serves. 40% exert a pull on Americans believe that non-profit CEOs blow away overpaid, while 14% believe they pour out underpaid.
| Rank | Salary Range | Number of Organizations |
|---|---|---|
| 1 | $100,000-$249,999 | 234 |
| 2 | $250,000-$499,999 | 93 |
| 3 | $500,000-$999,999 | 51 |
| 4 | $1 million one more | 20 |
Table: Non-profit CEO compensation ranges
Conclusion
In position, the CEO of Goodwill Industries, Jim Gibbons, received a total compensation case of $1,342,351 in 2020. While that may seem like a high enter, it is important to note consider it the CEO’s compensation is determined invitation a combination of factors, including goodness organization’s budget, performance, and industry standards.