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Filing year 2024

ECONOMIC DEVELOPMENT GROWTH ENTERPRISES CORPORATION

Rome, New York·EIN 16-0874637·501(c)(3)
Total revenue
$10.8M
Total assets
$50.4M
Total expenses
$6.9M
Reported officers
61
Mission

STRENGTHEN LOCAL BUSINESS, ATTRACT NEW INDUSTRIES AND TALENT, AND CREATE VIBRANT COMMUNITIES TO GROW THE MOHAWK VALLEY ECONOMY.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 5 reported individuals · Filing year 2024

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

President
75th to 90th percentile
$207k
$224k
Base
$162k
Bonus
Other
Benefits
$29k
Chief Financial Officer
Median to 75th percentile
$144k
$156k
Vice President Planning an
Board Vice President
Median to 75th percentile
$128k
$138k
Former President
Median to 75th percentile
$103k
$111k
Secretary, Non-voting
Secretary (Operational)
75th to 90th percentile
$99k
$106k

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 56 unpaid individuals.

Down 34%
from 2023

From $314k in 2023 to $207k in 2024.

$314k
2023
$207k
2024
In today's dollarsEst.
Down 36% in real terms$351k to $224k

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 Financial Officer pay rose 6% from 2023 to 2024, while revenue rose 32%.

$136k in 2023 to $144k in 2024.
  • Board Vice President pay rose 1% from 2023 to 2024.
  • Secretary (Operational) pay rose 6% from 2023 to 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.
Financial trend

Revenue and expenses over time

ECONOMIC DEVELOPMENT GROWTH ENTERPRISES CORPORATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$8.2M
$8.3M
2023
$10.8M
$6.9M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about ECONOMIC DEVELOPMENT GROWTH ENTERPRISES CORPORATION

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

In 2024, the Chief Executive Officer of ECONOMIC DEVELOPMENT GROWTH ENTERPRISES CORPORATION received $207,455 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 GROWTH ENTERPRISES CORPORATION 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 GROWTH ENTERPRISES CORPORATION falls between the 75th and 90th percentiles.

What are ECONOMIC DEVELOPMENT GROWTH ENTERPRISES CORPORATION's revenue and expenses?

In 2024, ECONOMIC DEVELOPMENT GROWTH ENTERPRISES CORPORATION reported $10.8M in total revenue and $6.9M in total expenses on its IRS Form 990.

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