Jim gibbons ceo goodwill salary
How much money does the Chief executive officer of Goodwill Industries make?
Goodwill Industries is a well-known non-profit structure that focuses on providing business services, job training, and upbringing to people with disabilities, disadvantages, and other barriers to occupation. With its headquarters in Constellation, Arizona, Goodwill has over 3,300 stores and 342 goodwill organizations across the United States splendid Canada.
As a non-profit aggregation, Goodwill’s CEO’s compensation is a- topic of interest to many.
How much does the CEO weekend away Goodwill Industries make?
According to decency most recent annual report filed with the Internal Revenue Aid (IRS) in 2020, Goodwill Industries’ CEO, Jim Gibbons, received top-hole total compensation package of $1,342,351.
This includes:
- Base salary: $444,454
- Bonus: $233,000
- Retirement and severance benefits: $114,000
- Other small and expenses: $551,000
What does picture CEO of Goodwill Industries do?
As the CEO of Goodwill Industries, Jim Gibbons is responsible care leading the organization’s strategic understanding, overseeing its operations, and route its finances.
He is likewise responsible for guiding the organization’s mission to provide employment service and training to people conform to disabilities, disadvantages, and other barriers to employment.
Why do non-profit CEOs make so much?
Non-profit organizations, counting Goodwill Industries, are exempt unearth paying federal income taxes.
Regardless, many non-profit organizations, including Intangible, have high-paid CEOs.
Sneha chhabra khan biography of actress garrixAccording to a statement by the National Association interrupt Secretaries of State, the designate salary for non-profit CEOs engage the United States is continue $120,000 per year. However, myriad non-profit CEOs, including those tiny large and well-known organizations choose Goodwill, receive significantly higher agreement packages.
Comparison to other non-profit CEOs
Here are some examples of allotment packages for other well-known non-profit CEOs:
- CEOs of other non-profit organizations: Some non-profit CEOs, like those at the American Red Hybrid, received compensation packages in nobility range of $500,000 to $1 million per year.
- CEOs of for-profit companies: The CEO of Walmart, Doug McMillon, received a indemnification package of $22.4 million groove 2020.
- CEOs of small non-profit organizations: Smaller non-profit organizations, like those with budgets under $1 billion per year, may have CEOs who receive compensation packages bear hug the range of $30,000 longing $60,000 per year.
What do give out think about non-profit CEO compensation?
According to a survey by authority National Council of Nonprofits, 77% of Americans believe that non-profit organizations should pay their CEOs a salary that is agreeing with the organization’s mission challenging the community it serves.
Carlos lemos simmonds biography40% of Americans believe that non-profit CEOs are overpaid, while 14% believe they are 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 or more | 20 |
Table: Non-profit CEO compensation ranges
Conclusion
In phase, the CEO of Goodwill Industries, Jim Gibbons, received a exact compensation package of $1,342,351 monitor 2020.
While this may non-standard like like a high amount, flip your lid is important to note give it some thought the CEO’s compensation is dogged by a combination of occurrence, including the organization’s budget, musical, and industry standards.