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Filing year 2023

DETROIT ECONOMIC GROWTH CORPORATION

Detroit, Michigan·EIN 38-2192028·501(c)(4)
Total revenue
$10.4M
Total assets
$8M
Total expenses
$10.4M
Reported officers
41
Mission

PROMOTION OF ACTIVITIES TO SPUR ECONOMIC GROWTH AND REVITALIZATION IN THE CITY OF DETROIT

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 10 reported individuals · Filing year 2023

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

President and C.e.o.
Above 90th percentile
$425k
$462k
Base
$316k
Bonus
$41k
Other
$13k
Benefits
$26k
Exec. V-p of Admin. and C.f.o.
Officer (Unspecified)
$317k
$345k
Base
$242k
Bonus
$18k
Other
$1k
Benefits
$26k
Exec. V-p, Econ. Dev. and Inv. Serv.
Officer (Unspecified)
$305k
$332k
Base
$242k
Bonus
$13k
Other
$482
Benefits
$21k
General Counsel
Key Employee
75th to 90th percentile
$272k
$296k
Base
$196k
Bonus
$25k
Other
$292
Benefits
$25k
President, Detroit Means Business
Key Employee
Median to 75th percentile
$209k
$227k
Base
$185k
Bonus
Other
$230
Benefits
$19k
Controller
Median to 75th percentile
$160k
$174k
Base
$120k
Bonus
$6k
Other
$93
Benefits
$22k
Sr. Dir., Real Estate Development
Highest Compensated Employee
25th percentile to median
$153k
$167k
Base
$120k
Bonus
$4k
Other
$394
Benefits
$19k
Vice-pres., Small Business Services
Highest Compensated Employee
25th percentile to median
$148k
$160k
Sr. Director, Motor City Match
Highest Compensated Employee
25th percentile to median
$147k
$160k
Vice-president, Board Administration
Board Vice Chair
Above 90th percentile
$146k
$159k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Detroit-Warren-Dearborn, MI metro-area CPI-U, restating filed pay into April 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 31 unpaid individuals.

Up 12%
from 2022

From $378k in 2022 to $425k in 2023.

$378k
2022
$425k
2023
In today's dollarsEst.
Up 6% in real terms$435k to $462k

Estimated with Detroit-Warren-Dearborn, MI metro-area CPI-U, restating filed pay into April 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay rose 12% from 2022 to 2023, while revenue rose 9%.

$378k in 2022 to $425k in 2023.
  • Key Employee pay rose 8% from 2022 to 2023.
  • Controller pay rose 4% 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

DETROIT ECONOMIC GROWTH CORPORATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$9.5M
$9.5M
2022
$10.4M
$10.4M
2023
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about DETROIT ECONOMIC GROWTH CORPORATION

What does the Chief Executive Officer of DETROIT ECONOMIC GROWTH CORPORATION earn?

In 2023, the Chief Executive Officer of DETROIT ECONOMIC GROWTH CORPORATION received $424,643 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at DETROIT ECONOMIC GROWTH CORPORATION compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2023 pay of the Chief Executive Officer at DETROIT ECONOMIC GROWTH CORPORATION falls in the top 10%.

What are DETROIT ECONOMIC GROWTH CORPORATION's revenue and expenses?

In 2023, DETROIT ECONOMIC GROWTH CORPORATION reported $10.4M in total revenue and $10.4M in total expenses on its IRS Form 990.

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