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Filing year 2024

ECONOMIC DEVELOPMENT CORPORATION

Glens Falls, New York·EIN 14-1757090·NTEE S31Z · Community Improvement & Capacity Building·501(c)(3)
Total revenue
$718k
Total assets
$1M
Total expenses
$729k
Reported officers
15
Mission

EDC IS THE CENTRAL SOURCE FOR WARREN COUNTY ECONOMIC DEVELOPMENT EFFORTS, AS IT GUIDES PROGRAMS AND PROJECTS THROUGHOUT THE SOUTHERN ADIRONDACK REGION. EDC ACHIEVES RESULTS THROUGH COLLABORATIVE PUBLIC-PRIVATE PARTNERSHIPS DESIGNED TO ENCOURAGE NEW INVESTMENT OPPORTUNITIES THAT CREATE JOBS AND CREATE A SUSTAINABLE COMMUNITY AND AREA ECONOMY.

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 New York.

President/ceo
Median to 75th percentile
$173k
$187k
Base
$135k
Bonus
Other
Benefits
$25k

Teal figures restate each filed amount in 2026 dollars.

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

Plus 14 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 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.

Up 3%
from 2023

From $167k in 2023 to $173k in 2024.

$167k
2023
$173k
2024
In today's dollarsEst.
Roughly flat in real terms$187k to $187k

Estimated with BLS CPI-U for the Northeast region, 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 rose 3% from 2023 to 2024, while revenue rose 13%.

$167k in 2023 to $173k 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 ECONOMIC DEVELOPMENT CORPORATION

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

In 2024, the Chief Executive Officer of ECONOMIC DEVELOPMENT CORPORATION received $172,757 in total compensation. This pay is above the median (the midpoint) for Chief Executive Officer roles among Community Improvement & Capacity Building organizations in New York, within the top half of comparable filings. Based on IRS Form 990 data.

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

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

What are ECONOMIC DEVELOPMENT CORPORATION's revenue and expenses?

In 2024, ECONOMIC DEVELOPMENT CORPORATION reported $718k in total revenue and $729k in total expenses on its IRS Form 990.

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