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Filing year 2023

CARTHAGE ECONOMIC DEVELOPMENT CORP

Carthage, Texas·EIN 75-2488443·501(c)(3)
Total revenue
$892k
Total assets
$4.2M
Total expenses
$317k
Reported officers
7
Mission

TO BENEFIT AND ACCOMPLISH PUBLIC PURPOSES FOR THE CITY OF CARTHAGE, TEXAS BY PROMOTING, ASSISTING AND ENHANCING ECONOMIC DEVELOPMENT ACTIVITIES FOR THE CITY AS PROVIDED BY THE STATE OF TEXAS DEVELOPMENT CORPORATION ACT OF 1979, LOCAL GOVERNMENT CODE, CHAPTER 504.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 2 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

Recording Se
Secretary (Operational)
75th to 90th percentile
$81k
$88k
President
25th percentile to median
$47k
$52k
Base
$39k
Bonus
Other
Benefits

Teal figures restate each filed amount in 2026 dollars.

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

Plus 5 unpaid individuals.

Up 4%
from 2022

From $77k in 2022 to $81k in 2023.

$77k
2022
$81k
2023
In today's dollarsEst.
Roughly flat in real terms$88k to $88k

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

Pay for the position

Secretary (Operational) pay rose 4% from 2022 to 2023, while revenue fell 7%.

$77k in 2022 to $81k in 2023.
  • Chief Executive Officer pay rose 6% from 2022 to 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

CARTHAGE ECONOMIC DEVELOPMENT CORP reported revenue and expenses across 2 filing years.

RevenueExpenses
$958k
$306k
2022
$892k
$317k
2023
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about CARTHAGE ECONOMIC DEVELOPMENT CORP

What does the Secretary (Operational) of CARTHAGE ECONOMIC DEVELOPMENT CORP earn?

In 2023, the Secretary (Operational) of CARTHAGE ECONOMIC DEVELOPMENT CORP received $80,722 in total compensation. This pay is in the top quarter for Secretary (Operational) roles among nonprofits nationwide, across all sectors, though not the top 10% of comparable filings. Based on IRS Form 990 data.

How does Secretary (Operational) pay at CARTHAGE ECONOMIC DEVELOPMENT CORP compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2023 pay of the Secretary (Operational) at CARTHAGE ECONOMIC DEVELOPMENT CORP falls between the 75th and 90th percentiles.

What are CARTHAGE ECONOMIC DEVELOPMENT CORP's revenue and expenses?

In 2023, CARTHAGE ECONOMIC DEVELOPMENT CORP reported $892k in total revenue and $317k in total expenses on its IRS Form 990.

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