What Is The Salary Of The Ceo Of Goodwill Industries

So, you're curious about the bigwig at Goodwill, huh? Let's dive in, shall we?

Meet the Big Cheese

At the helm of Goodwill Industries is a person you might not know by name, but chances are, you've seen their work in action. That's right, we're talking about the CEO, the head honcho, the big cheese - Steve Preston.

From the White House to Goodwill

Now, this guy's no stranger to the spotlight. Before he was steering the Goodwill ship, Preston was busy being the U.S. Secretary of Housing and Urban Development under President George W. Bush. Talk about a change of pace, right?

But Preston's not just a suit and tie kind of guy. He's got a heart for helping others, and that's what drew him to Goodwill. He's been at the helm since 2013, steering the organization towards a future that's all about empowering people and communities.

Now, Let's Talk Money

Alright, alright, you're here for the nitty-gritty. How much does the CEO of Goodwill make, you ask?

Well, according to the most recent tax filings, Preston's base salary was around $700,000 in 2020. But wait, there's more! Like any CEO worth their salt, Preston also gets a nice little bonus. In 2020, that bonus was around $200,000.

Now, before you start thinking Preston's rolling in dough, remember, he's leading a massive organization with over 160 independent, community-based Goodwills across the U.S., Canada, and 13 other countries. That's a lot of plates to keep spinning!

Perks of the Job

But it's not all work and no play for Preston. Like any CEO, he gets a few perks. In 2020, Goodwill shelled out around $20,000 for personal travel and $15,000 for security services. Not too shabby, huh?

And let's not forget the retirement plan. Preston's got a deferred compensation plan that's worth around $2.5 million. Not a bad nest egg for his golden years!

But Here's the Thing...

While Preston's salary might seem like a lot, it's important to remember that he's leading an organization that's all about giving back. In 2020 alone, Goodwill helped over 20 million people through its various programs and services.

And get this - Goodwill's revenue in 2020 was around $5.7 billion. That's right, with a 'b'. So, Preston's salary might seem like a drop in the bucket compared to the overall impact Goodwill has.

It's Not All About the Money

But Preston's not in it for the money. He's in it to make a difference. In his own words, "Goodwill is about changing lives through the power of work." And that, my friends, is something worth talking about.

So, there you have it. The salary of the CEO of Goodwill Industries, all wrapped up in a neat little package. Now, go forth and spread the good word - or at least, the interesting word!