Goodwill is widely recognized as a place to donate items and purchase affordable goods like clothing and furniture. However, what many don’t realize is that Goodwill operates differently from a traditional business.
It is a network of over 150 independent non profit organizations across the U.S. and Canada. Each branch has its own leadership and works to meet local needs while adhering to Goodwill Industries International’s overarching mission.
Curious about the financials behind this non profit model? Keep reading to learn more about the Goodwill owner net worth and how it supports community programs.
Understanding the Goodwill owner net worth gives insight into how this organization balances its financial resources and social mission.
Goodwill Owner Key Facts
| Category | Details |
| Organization Name | Goodwill Industries International |
| Founded | 1902 |
| Headquarters | Rockville, Maryland, USA |
| CEO (2023) | Steve Preston |
| Revenue (2024) | $6.1 billion |
| Mission | Provide job training, employment services, and community programs to individuals in need |
| Net Worth | $1.2 million |
| Number of Employees | Over 100,000 employees worldwide |
| Global Reach | Operations in the U.S. and Canada |
| Compensation (CEO) | Base Salary: $350,200 (2024); Total Compensation: $1.19 million (2024) |
| Key Areas of Focus | Job training, employment services, community support programs |
| Nonprofit Status | Yes, all profits reinvested into community programs and services, not for private profit |
What is Goodwill ?
Goodwill is a nonprofit organization dedicated to providing job training, employment services, and community-based programs to individuals facing challenges in their lives.
Founded in 1902, it operates through over 150 independent non profit agencies in the U.S. and Canada. Goodwill is widely recognized for its thrift stores, where donated goods are sold, with the proceeds funding its social mission.
The organization focuses on helping people with disabilities, veterans, and other underserved groups by offering opportunities to improve their quality of life through employment and skill development programs.
Goodwill doesn’t have a traditional owner like most businesses. But its owner is harvey steinberg Instead, it operates as a non profit organization.
This means all its revenue goes toward its core mission supporting job training programs, offering employment services, and creating positive community impact of Goodwill.
Who Steering the Billion-Dollar Brand?
The Goodwill Industries International leadership is led by Steve Preston, whose strategic direction has shaped the non profit growth.
Under Preston’s guidance, Goodwill has transformed into one of the largest non profit globally, expanding its impact through Goodwill social responsibility initiatives. The success of Goodwill job training programs and other social programs can be credited to Preston’s strong leadership.
Preston’s role in Goodwill’ financial sustainability is crucial. He manages Goodwill revenue, ensuring the right balance between expansion and mission.
As Goodwill continues to grow, Preston’s leadership will remain key to maintaining the organization’s commitment to serving communities while ensuring its financial transparency.
Goodwill Owner Net Worth Forbes
Unlike traditional businesses, Goodwill does not have a single owner who benefits personally from its success. Instead, it operates as a nonprofit organization, focusing on reinvesting its revenue to support community programs.
This post is not about Jim Gibbons, the former leader of Goodwill Industries International, who earned $733,642 in 2011, but about how the organization works to serve the community and support its mission.
This model of profit reinvestment in nonprofit businesses is what sets Goodwill apart. Instead of accumulating wealth for shareholders, it channels funds into critical social programs by Goodwill. This ensures that every dollar directly contributes to its mission of supporting individuals in need
Who is Steve Preston?
Steve Preston is the CEO of Goodwill Industries International and has been instrumental in driving the nonprofit’s expansion. With extensive experience in both the public and private sectors, Preston has a unique perspective on leading a non profit of this size.
Under his leadership, Goodwill has focused on increasing its Goodwill revenue while also expanding its job training programs and community empowerment programs.
Preston leadership is an example of the growing trend of high salaries for non profit leaders. As Goodwill continues to expand globally, Preston’s role in steering the organization remains vital for maintaining Goodwill’s financial sustainability and fulfilling its mission.
His executive leadership in non profits is often analyzed as part of the broader conversation about non profit executive salaries.
Steve Preston in 2024
In 2024, Steve Preston’s net worth saw significant growth, reflecting the success of Goodwill’s financial performance. His total compensation is estimated at approximately $1.19 million, which includes a base salary of $350,200.
This compensation reflects the scope and scale of Goodwill’s operations, with Preston at the helm of an organization that oversees billions in revenue. The substantial compensation for Preston is often discussed in the context of executive pay in charitable organizations.
His salary is comparable to those of leaders in other major non profit organizations. Goodwill’s revenue distribution ensures that Preston’s pay aligns with his leadership role while supporting Goodwill community initiatives.
Also Read More: Brandon Kee Net Worth: Wife, Age, Height, Professional Life
Goodwill CEO Salary vs Salvation Army
When comparing the compensation of Goodwill CEO to that of the Salvation Army’ leader, the financial models of the organizations come into play.
Goodwill Industries, a non profit with a broad national reach, typically offers its CEO salaries ranging from $500,000 to over $1 million per year. For instance, Steven Lufburrow, the CEO of Goodwill Industries of Houston, earned about $904,675 in 2024.
In contrast, the Salvation Army offers significantly lower pay to its top executives. Their salaries are usually capped around $300,000. This is largely because the Salvation Army relies more on donations and volunteers for funding, making it harder to afford high executive compensation.
The difference in pay reflects the financial strategies of both organizations. Goodwill’s revenue from thrift stores gives it more flexibility in offering higher salaries, while the Salvation Army reliance on charitable donations means it must be more conservative with salaries.
Ultimately, the difference in executive compensation highlights how each non profit’s financial model influences its ability to attract and compensate leadership. While both organizations aim to serve the community, their funding structures shape the salaries they can afford to pay their top executives.
Goodwill Owner Net Worth in 2021, 2022, 2023
From 2021 to 2024, Steve Preston net worth continued to grow, reflecting both the success of Goodwill’s financials and his leadership. In 2021, Goodwill Owner net worth was estimated at $83.6 million, increasing to $92.9 million in 2024.
This growth shows the impact of Goodwill’s continued expansion and its strong Goodwill revenue performance. The increase in Preston’s net worth reflects broader trends in non profit executive compensation. As Goodwill’s operations scale, Preston’s compensation continues to rise in line with the success of the organization.
The increase in his pay is a direct result of Goodwill’s expanding job training programs and social programs by Goodwill that have increased its financial performance.
| Position | Name | Compensation |
| CEO | Steven C. Preston | $650,989 |
| COO | David Eagles | $365,823 |
| Chief Marketing Officer | Onney Crawley | $364,344 |
| Chief Mission Officer | Martin Scaglione | $339,951 |
| Chief Mission and Partnership Officer | Wendi Copeland | $304,970 |
FAQ’s
How rich is the CEO of Goodwill?
The CEO of Goodwill, Steven Preston, has an estimated net worth of $92.9 million in 2024.
Who is the highest paid Goodwill?
The highest-paid Goodwill CEO is Steven Lufburrow, with a salary of approximately $904,675 in 2024.
What is the history of the Goodwill logo?
The Goodwill logo, featuring a smiling “G,” was created in 1968 and symbolizes the organization’s mission of providing job training and community support.
Who is the CEO of Goodwill?
The CEO of Goodwill is Steven Preston, as of 2024.
Does Goodwill have a slogan?
“Not Charity, But a Chance” – Goodwill Southern California.
What non profit has the highest paid CEO?
The non profit organization in the U.S. with the highest paid CEO was Christus Health, with an estimated salary of 16.21 million U.S. dollars
Conclusions
Goodwill owner net worth provides insight into the organization financial standing and leadership. While Goodwill operates as a non profit, focusing on community impact and social programs, its leadership’s compensation reflects the scale and complexity of managing such a vast network.
Goodwill owner net worth not being a traditional profit-driven model, the funds are reinvested into critical Goodwill social programs and job training initiatives. This reinvestment ensures the organization’s continued success and mission to support those in need across the U.S. and Canada.
