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Filing year 2024

DOWNERS GROVE ECONOMIC DEVELOPMENT CORPORATION

Downers Grove, Illinois·EIN 87-0772222·NTEE S41 · Community Improvement & Capacity Building·501(c)(6)
Total revenue
$720k
Total assets
$594k
Total expenses
$694k
Reported officers
29
Mission

TO ENHANCE THE ECONOMIC VITALITY OF THE VILLAGE OF DOWNERS GROVE THROUGH THE RETENTION, EXPANSION, AND ATTRACTION OF BUSINESS THAT IS CONDUCIVE TO IMPROVING THE QUALITY OF LIFE IN DOWNERS GROVE.

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 in Illinois.

President &
Median to 75th percentile
$168k
$180k
Base
$137k
Bonus
Other
$18k
Benefits
$12k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Chicago-Naperville-Elgin, IL-IN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 28 unpaid individuals.

Browse compensation in Community Improvement & Capacity Building

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at DOWNERS GROVE ECONOMIC DEVELOPMENT CORPORATION equaled 24% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

This organization (2024)
24%
Sector median
14%
Middle half of sector
6% to 28%

Based on 10,247 community improvement & capacity building organizations, each measured at its most recent filing year with reported expenses and compensation.

Down 1%
from 2023

From $170k in 2023 to $168k in 2024.

$170k
2023
$168k
2024
In today's dollarsEst.
Down 5% in real terms$188k to $180k

Estimated with Chicago-Naperville-Elgin, IL-IN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay fell 1% from 2023 to 2024, while revenue rose 6%.

$170k in 2023 to $168k in 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

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

Among peers

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

FAQ

Common questions about DOWNERS GROVE ECONOMIC DEVELOPMENT CORPORATION

What does the Chief Executive Officer of DOWNERS GROVE ECONOMIC DEVELOPMENT CORPORATION earn?

In 2024, the Chief Executive Officer of DOWNERS GROVE ECONOMIC DEVELOPMENT CORPORATION received $167,723 in total compensation. This pay is above the median (the midpoint) for Chief Executive Officer roles among Community Improvement & Capacity Building organizations in Illinois, within the top half of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at DOWNERS GROVE ECONOMIC DEVELOPMENT CORPORATION compare with similar nonprofits?

Compared with the same role at Community Improvement & Capacity Building organizations in Illinois, the 2024 pay of the Chief Executive Officer at DOWNERS GROVE ECONOMIC DEVELOPMENT CORPORATION falls between the median and the 75th percentile. In 2024, the highest total compensation at DOWNERS GROVE ECONOMIC DEVELOPMENT CORPORATION equaled 24% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

What are DOWNERS GROVE ECONOMIC DEVELOPMENT CORPORATION's revenue and expenses?

In 2024, DOWNERS GROVE ECONOMIC DEVELOPMENT CORPORATION reported $720k in total revenue and $694k in total expenses on its IRS Form 990.

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