BAC Funding Corporation ("BAC or Corporation"), a nonprofit organization, is an outgrowth of the Business Revitalization Action Committee of the Greater Miami Chamber of Commerce ("GMCC"). BAC was formed in April 1982, to help stimulate the economic growth of Liberty City. The objective of BAC is to develop and expand new and existing businesses for minority group residents of Miami-Dade County, Florida. These objectives are met by extending credit to new and existing businesses within Miami-Dade County, Florida.
Executive compensation, broken down
Form 990 · Part VII & Schedule J · 1 reported individual · Filing year 2024
Percentile bands compare each position's total pay with the same role at Community Improvement & Capacity Building organizations nationwide.
- Base
- $185k
- Bonus
- —
- Other
- —
- Benefits
- —
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
Controller 75th to 90th percentile | $185k | — | — | — | $185k $197k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with Miami-Fort Lauderdale-West Palm Beach, FL metro-area CPI-U, restating filed pay into April 2026 dollars. A restatement of past pay, not current or projected pay.
Plus 14 unpaid individuals.
Browse compensation in Community Improvement & Capacity Building →
Top pay as a share of expenses
In 2024, the highest total compensation at BAC Funding Corporation equaled 5% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.
Based on 10,247 community improvement & capacity building organizations, each measured at its most recent filing year with reported expenses and compensation.
Funded by
Private foundations whose Form 990-PF Part XV grants matched this organization.
Up 6%
from 2023
From $175k in 2023 to $185k in 2024.
Estimated with Miami-Fort Lauderdale-West Palm Beach, FL metro-area CPI-U, restating filed pay into April 2026 dollars. A restatement of past pay, not current or projected pay.
Controller pay rose 6% from 2023 to 2024, while revenue held roughly steady.
Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.
Among peers
Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.
Common questions about BAC Funding Corporation
What does the Controller of BAC Funding Corporation earn?
In 2024, the Controller of BAC Funding Corporation received $185,000 in total compensation. This pay is in the top quarter for Controller roles among Community Improvement & Capacity Building organizations nationwide, though not the top 10% of comparable filings. Based on IRS Form 990 data.
How does Controller pay at BAC Funding Corporation compare with similar nonprofits?
Compared with the same role at Community Improvement & Capacity Building organizations nationwide, the 2024 pay of the Controller at BAC Funding Corporation falls between the 75th and 90th percentiles. In 2024, the highest total compensation at BAC Funding Corporation equaled 5% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.
What are BAC Funding Corporation's revenue and expenses?
In 2024, BAC Funding Corporation reported $3.9M in total revenue and $3.8M in total expenses on its IRS Form 990.
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