THE MISSION OF ECONOMIC AND COMMUNITY DEVELOPMENT INSTITUTE (ECDI) IS TO INVEST IN PEOPLE TO CREATE MEASURABLE AND ENDURING SOCIAL AND ECONOMIC CHANGE. ECDI ACCOMPLISHES ITS MISSION THROUGH SMALL BUSINESS LENDING AND DEVELOPMENT SERVICES.
Executive compensation, broken down
Form 990 · Part VII & Schedule J · 8 reported individuals · Filing year 2023
Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.
- Base
- $359k
- Bonus
- —
- Other
- $10k
- Benefits
- $7k
- Base
- $309k
- Bonus
- —
- Other
- $10k
- Benefits
- $5k
- Base
- $215k
- Bonus
- —
- Other
- —
- Benefits
- $3k
- Base
- $187k
- Bonus
- —
- Other
- —
- Benefits
- $5k
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
President/secretary Above 90th percentile | $359k | — | $10k | $7k | $405k $448k |
Founder & CEO Above 90th percentile | $309k | — | $10k | $5k | $354k $391k |
CFO 75th to 90th percentile | $215k | — | — | $3k | $239k $264k |
Chief Gov't Affairs and Economic Development Offic Highest Compensated Employee Median to 75th percentile | $187k | — | — | $5k | $195k $216k |
VP of Business Growth Development / Fundraising Board Vice President Median to 75th percentile | — | — | — | — | $139k $153k |
VP of Development Board Vice President Median to 75th percentile | — | — | — | — | $128k $141k |
VP of Lending & Sales Board Vice President 25th percentile to median | — | — | — | — | $124k $137k |
VP of Financial Management Board Vice President 25th percentile to median | — | — | — | — | $117k $129k |
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 10 unpaid individuals.
Funded by
Private foundations whose Form 990-PF Part XV grants matched this organization.
Up 23%
from 2022
From $330k in 2022 to $405k in 2023.
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.
Chief Executive Officer pay rose 23% from 2022 to 2023, while revenue rose 11%.
- Highest Compensated Employee pay held roughly steady from 2022 to 2023.
- Board Vice President pay held roughly steady from 2022 to 2023.
Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.
Revenue and expenses over time
ECONOMIC AND COMMUNITY DEVELOPMENT INSTITUTE reported revenue and expenses across 2 filing years.
Common questions about ECONOMIC AND COMMUNITY DEVELOPMENT INSTITUTE
What does the Chief Executive Officer of ECONOMIC AND COMMUNITY DEVELOPMENT INSTITUTE earn?
In 2023, the Chief Executive Officer of ECONOMIC AND COMMUNITY DEVELOPMENT INSTITUTE received $405,150 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 ECONOMIC AND COMMUNITY DEVELOPMENT INSTITUTE compare with similar nonprofits?
Compared with the same role at nonprofits nationwide, across all sectors, the 2023 pay of the Chief Executive Officer at ECONOMIC AND COMMUNITY DEVELOPMENT INSTITUTE falls in the top 10%.
What are ECONOMIC AND COMMUNITY DEVELOPMENT INSTITUTE's revenue and expenses?
In 2023, ECONOMIC AND COMMUNITY DEVELOPMENT INSTITUTE reported $15.3M in total revenue and $13.4M in total expenses on its IRS Form 990.
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