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Filing year 2023

AKRON DEVELOPMENT CORPORATION

Akron, Ohio·EIN 34-1308327·NTEE S31 · Community Improvement & Capacity Building·3
Total revenue
$284k
Total assets
$4.8M
Total expenses
$552k
Reported officers
7
Mission

THE AKRON DEVELOPMENT CORPORATION WAS ORGANIZED TO SUPPORT ECONOMIC DEVELOPMENT INITIATIVES IN THE CITY OF AKRON, PARTICULARLY THROUGH THE FORMER AKRON GLOBAL BUSINESS ACCELERATOR AND TO SECURE STATE OF OHIO FUNDING FOR TECHNOLOGY-BASED BUSINESSES. (THE FORMER AKRON GLOBAL BUSINESS ACCELERATOR SPUN OFF FROM THE CITY OF AKRON AND IS NOW AN INDEPENDENT ENTITY KNOWN AS THE BOUNCE INNOVATION HUB, WHICH COMMENCED OPERATIONS ON JANUARY 1, 2018.)

Executive compensation

Form 990 · Schedule J · 2 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at Community Improvement & Capacity Building organizations in Ohio.

Vice President
25th percentile to medianvs Community Improvement & Capacity Building peers nationwide
$51k
$56k
Former President Thru April 2023
Below 10th percentile
$15k
$16k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 5 unpaid individuals.

Browse compensation in Community Improvement & Capacity Building

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at AKRON DEVELOPMENT CORPORATION equaled 9% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

This organization (2023)
9%
Sector median
14%
Middle half of sector
6% to 28%

Based on 10,143 community improvement & capacity building organizations, each measured at its most recent filing year with reported expenses and compensation.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about AKRON DEVELOPMENT CORPORATION

What does the Vice President of AKRON DEVELOPMENT CORPORATION earn?

In 2023, the Vice President of AKRON DEVELOPMENT CORPORATION received $51,130 in total compensation. This pay is below the median (the midpoint) for Vice President roles among Community Improvement & Capacity Building organizations nationwide, but above the bottom quarter of comparable filings. Based on IRS Form 990 data.

How does Vice President pay at AKRON DEVELOPMENT CORPORATION compare with similar nonprofits?

Compared with the same role at Community Improvement & Capacity Building organizations nationwide, the 2023 pay of the Vice President at AKRON DEVELOPMENT CORPORATION falls between the 25th percentile and the median. In 2023, the highest total compensation at AKRON DEVELOPMENT CORPORATION equaled 9% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

What are AKRON DEVELOPMENT CORPORATION's revenue and expenses?

In 2023, AKRON DEVELOPMENT CORPORATION reported $284k in total revenue and $552k in total expenses on its IRS Form 990.

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