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Filing year 2023

ECONOMIC DEVELOPMENT CORPORATION OF KANSAS CITY MISSOURI

Kansas City, Missouri·EIN 43-1146626·501(c)(4)
Total revenue
$5.5M
Total assets
$7.3M
Total expenses
$4.8M
Reported officers
14
Mission

THE MISSION OF THE EDC IS TO DRIVE ECONOMIC DEVELOPMENT AND CREATE AN ENVIRONMENT IN WHICH BUSINESSES AND RESIDENTS CAN PROSPER AND GROW IN KANSAS CITY, MISSOURI.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 6 reported individuals · Filing year 2023

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

President & CEO
75th to 90th percentile
$273k
$302k
Base
$225k
Bonus
Other
Benefits
$28k
Vice Pres. of Administration
Highest Compensated Employee
Median to 75th percentile
$231k
$255k
Base
$177k
Bonus
$5k
Other
Benefits
$32k
Vice Pres. Land Devleopment
Highest Compensated Employee
Median to 75th percentile
$177k
$195k
Base
$131k
Bonus
$4k
Other
Benefits
$30k
Vice Pres. Business Development
Highest Compensated Employee
25th percentile to median
$165k
$182k
Base
$136k
Bonus
$4k
Other
Benefits
$13k
Director of Strategi Initiatives
Highest Compensated Employee
25th percentile to median
$152k
$168k
Base
$109k
Bonus
$3k
Other
Benefits
$30k
Secretary
Secretary (Operational)
75th to 90th percentile
$106k
$117k

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 8 unpaid individuals.

Up 24%
from 2022

From $221k in 2022 to $273k in 2023.

$221k
2022
$273k
2023
In today's dollarsEst.
Up 19% in real terms$253k to $302k

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.

Pay for the position

Chief Executive Officer pay rose 24% from 2022 to 2023, while revenue fell 18%.

$221k in 2022 to $273k in 2023.
  • Secretary (Operational) pay rose 36% 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

ECONOMIC DEVELOPMENT CORPORATION OF KANSAS CITY MISSOURI reported revenue and expenses across 2 filing years.

RevenueExpenses
$6.8M
$6.5M
2022
$5.5M
$4.8M
2023
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about ECONOMIC DEVELOPMENT CORPORATION OF KANSAS CITY MISSOURI

What does the Chief Executive Officer of ECONOMIC DEVELOPMENT CORPORATION OF KANSAS CITY MISSOURI earn?

In 2023, the Chief Executive Officer of ECONOMIC DEVELOPMENT CORPORATION OF KANSAS CITY MISSOURI received $273,434 in total compensation. This pay is in the top quarter for Chief Executive Officer roles among nonprofits nationwide, across all sectors, though not the top 10% of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at ECONOMIC DEVELOPMENT CORPORATION OF KANSAS CITY MISSOURI 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 DEVELOPMENT CORPORATION OF KANSAS CITY MISSOURI falls between the 75th and 90th percentiles.

What are ECONOMIC DEVELOPMENT CORPORATION OF KANSAS CITY MISSOURI's revenue and expenses?

In 2023, ECONOMIC DEVELOPMENT CORPORATION OF KANSAS CITY MISSOURI reported $5.5M in total revenue and $4.8M in total expenses on its IRS Form 990.

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