Who says you can't find anything at Good Will stores?

[brianp-beme]

Incredible find Dan!

Originally Posted by Aquarian Sports Cards

Goodwill is a registered 501(c)(3) Non-Profit. Not hard to look up.

Indeed, but at least a dozen of their CEO's make a pretty decent living profiting from the Non-Profit:

The CEO's of the 12 largest Goodwill organizations received $370,000-$900,000 annually in compensation with the average being $650,000. If the 155 Goodwill organizations paid the CEO this average compensation, then Goodwill spent more than $100 million on CEO compensation in 2022.


Brian

[Hankphenom]

Originally Posted by brianp-beme

Incredible find Dan!
Indeed, but at least a dozen of their CEO's make a pretty decent living profiting from the Non-Profit: The CEO's of the 12 largest Goodwill organizations received $370,000-$900,000 annually in compensation with the average being $650,000. If the 155 Goodwill organizations paid the CEO this average compensation, then Goodwill spent more than $100 million on CEO compensation in 2022. Brian

That's what I meant to alert people to. Thanks.

[Zach Wheat]

Originally Posted by brianp-beme

Incredible find Dan!



Indeed, but at least a dozen of their CEO's make a pretty decent living profiting from the Non-Profit:

The CEO's of the 12 largest Goodwill organizations received $370,000-$900,000 annually in compensation with the average being $650,000. If the 155 Goodwill organizations paid the CEO this average compensation, then Goodwill spent more than $100 million on CEO compensation in 2022.


Brian

good point

[Aquarian Sports Cards]

Originally Posted by brianp-beme

Indeed, but at least a dozen of their CEO's make a pretty decent living profiting from the Non-Profit:

The CEO's of the 12 largest Goodwill organizations received $370,000-$900,000 annually in compensation with the average being $650,000. If the 155 Goodwill organizations paid the CEO this average compensation, then Goodwill spent more than $100 million on CEO compensation in 2022.


Brian

Same is true of almost every large non-profit unfortunately. Of course why would you take a massive job like that in a non-profit WITHOUT big compensation when you could take a similar job in the private for profit sector and make a lot more. Welcome to capitalism. The Non-profits don't have much choice in executive compensation unless they can find saints or morons, neither of whom is qualified to run a large-scale enterprise. However calling Goodwill a for-profit enterprise is simply factually wrong.

[BillyCoxDodgers3B]

As far as I was aware, if you wish for your donated material to generate the most help back to the community, Salvation Army and Goodwill are the way to go. At least, that's how I am to understand it works in Canada.

Up here, we have another massive thrift store chain called Value Village, which is indeed a for-profit operation. They have rightfully taken a lot of flak over the years. We get incessant calls from the Diabetes Association asking for clothing donations. They sell the donated material to Value Village by the pound for practically nothing. Value Village then often prices it at ridiculous rates, often higher than brand new! There has been a mixed response of amusement and annoyance that items found with original dollar store labels have been priced at $6.99, $9.99+. These places are no different than any other thrift store, exorbitant prices aside.

Has anyone else ever been puzzled by the thrift store smell? Every thrift store smells exactly the same. How is that possible? Do they all use the exact same cleaning and sterilization products? Do the combined family scents of 10000+ families all team up to form a solitary, monster scent?

[GasHouseGang]

After watching this video, I'm shocked you found something good at a store. The stores now presort the best items and send them out for auction. Check it out:

https://www.youtube.com/watch?v=cTUt0Cv3zvs

[Orioles1954]

Originally Posted by GasHouseGang

After watching this video, I'm shocked you found something good at a store. The stores now presort the best items and send them out for auction. Check it out:

https://www.youtube.com/watch?v=cTUt0Cv3zvs

Fascinating. Thanks for posting.

[raulus]

Originally Posted by Aquarian Sports Cards

Same is true of almost every large non-profit unfortunately. Of course why would you take a massive job like that in a non-profit WITHOUT big compensation when you could take a similar job in the private for profit sector and make a lot more. Welcome to capitalism. The Non-profits don't have much choice in executive compensation unless they can find saints or morons, neither of whom is qualified to run a large-scale enterprise. However calling Goodwill a for-profit enterprise is simply factually wrong.

Ding ding ding!!!

Love it or hate it, there's really no way around it. Qualified leadership doesn't come cheap.

Although all things considered, with incentive pay including stock options and other benefits, for-profit leaders often still make a lot more. It's usually just not necessarily straight cash. Non-profits don't have the same ability to offer equity compensation that way, so they're stuck with handing out cash.

[Hankphenom]

Originally Posted by Aquarian Sports Cards

Same is true of almost every large non-profit unfortunately. Of course why would you take a massive job like that in a non-profit WITHOUT big compensation when you could take a similar job in the private for profit sector and make a lot more. Welcome to capitalism. The Non-profits don't have much choice in executive compensation unless they can find saints or morons, neither of whom is qualified to run a large-scale enterprise. However calling Goodwill a for-profit enterprise is simply factually wrong.

Fine. I love capitalism, it's the greatest wealth creator devised by man. Just vet your charities and see who's getting the money before you donate.

[Aquarian Sports Cards]

Originally Posted by Hankphenom

Fine. I love capitalism, it's the greatest wealth creator devised by man. Just vet your charities and see who's getting the money before you donate.

Wasn't a knock on capitalism, just stating the obvious. In a society where your skills are worth millions in the private sector why would you settle for thousands working for a non-profit?

[Hankphenom]

Originally Posted by Aquarian Sports Cards

Wasn't a knock on capitalism, just stating the obvious. In a society where your skills are worth millions in the private sector why would you settle for thousands working for a non-profit?

Oh, I don't know, does everybody have to make millions to be happy? How many people get some of their compensation in the satisfaction of helping people, or animals, or the planet, etc.? Can you live a nice life making 100K these days? That's more than I ever made, and I've had a very nice life. It used to be a scandal when it would come out that the head of a major charity made a small fortune every year. I didn't like it then, and I still don't. My little town has lots of charity thrift stores, and most of them are staffed by volunteers. I doubt if the managers make all that much. There's a Goodwill here, but it's about the last on my list for a number of reasons. I understand they employ people that might not otherwise be able to get a job, and that's great, but how much do they make while the boss makes hundreds of thousands running a pretty simple retail operation that has the "Goodwill" feature to attract donors and customers to its business? Nice work if you can get it!

[packs]

I got my student loans discharged after working at a nonprofit for ten years. It was the best decision I ever made.