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Filing year 2024

ECONOMIC DEVELOPMENT COUNCIL OF THE BLOOMINGTON-NORMAL AREA

Normal, Illinois·EIN 37-1169886·6
Total revenue
$1.1M
Total assets
$890k
Total expenses
$1.3M
Reported officers
16
Mission

TO HELP BUSINESSES AND COMMUNITIES IN TEH MCLEAN COUNTY AREA PROSPER BY ATTRACTING NEW BUSINESSES AIDING THE DEVELOPMENT OF EXISTING BUSINESSES WITHIN THE COMMUNITY. THE EDC IS A LEADERSHIP ORGANIZATION, INVESTING IN THE COMMUNITY'S ASSETS TO PROSPER AND IMPROVE THE QUALITY OF LIFE.

Executive compensation, broken down

Form 990 · Schedule J · 1 reported individual · Filing year 2024

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

CEO
75th to 90th percentile
$236k
$254k
Base
$210k
Bonus
Other
Benefits
$25k

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 15 unpaid individuals.

Climbed 13%
over 3 years

From $208k in 2021 to $236k in 2024.

$208k
2021
$237k
2023
$236k
2024
In today's dollarsEst.
Down 1% in real terms$257k to $254k

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 13% from 2021 to 2024, while revenue rose 14%.

$208k in 2021 to $236k in 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2021 and 2024.

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 COUNCIL OF THE BLOOMINGTON-NORMAL AREA reported revenue and expenses across 3 filing years.

RevenueExpenses
$930k
$778k
2021
$742k
$1.1M
2023
$1.1M
$1.3M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about ECONOMIC DEVELOPMENT COUNCIL OF THE BLOOMINGTON-NORMAL AREA

What does the Chief Executive Officer of ECONOMIC DEVELOPMENT COUNCIL OF THE BLOOMINGTON-NORMAL AREA earn?

In 2024, the Chief Executive Officer of ECONOMIC DEVELOPMENT COUNCIL OF THE BLOOMINGTON-NORMAL AREA received $235,747 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 COUNCIL OF THE BLOOMINGTON-NORMAL AREA compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at ECONOMIC DEVELOPMENT COUNCIL OF THE BLOOMINGTON-NORMAL AREA falls between the 75th and 90th percentiles.

What are ECONOMIC DEVELOPMENT COUNCIL OF THE BLOOMINGTON-NORMAL AREA's revenue and expenses?

In 2024, ECONOMIC DEVELOPMENT COUNCIL OF THE BLOOMINGTON-NORMAL AREA reported $1.1M in total revenue and $1.3M in total expenses on its IRS Form 990.

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