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Filing year 2024

Economic Growth Foundation

Cleveland, Ohio·EIN 34-1916518·NTEE J22 · Employment·501(c)(3)
Total revenue
$5M
Total assets
$13.4M
Total expenses
$4.5M
Reported officers
36
Mission

To promote and advance the civic, economic, and cultural growth of Greater Cleveland as a place to live, work, and conduct business.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 9 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at Employment organizations nationwide.

Svp, Equity & Inclusion
Senior Vice President
Median to 75th percentilevs all sectors nationwide
$271k
$292k
Base
$205k
Bonus
$22k
Other
$2k
Benefits
$31k
Vp, Construction/inclusive
Board Vice President
75th to 90th percentile
$166k
$179k
Base
$122k
Bonus
$13k
Other
$3k
Benefits
$21k
Mvp, Minority Business Growth
Highest Compensated Employee
25th percentile to median
$160k
$172k
Base
$121k
Bonus
$12k
Other
$916
Benefits
$19k
President & CEO
Median to 75th percentilevs Employment peers in Ohio
$117k
$125k
Base
$51k
Bonus
$11k
Other
$453
Benefits
$3k
Sd, Assis. Controller, Fin. & Oper.
Controller
10th to 25th percentile
$60k
$65k
Base
$23k
Bonus
$3k
Other
$102
Benefits
$5k
Svp, Fin. Operations & Air Services
Senior Vice President
10th to 25th percentilevs all sectors nationwide
$52k
$56k
Base
$8k
Bonus
$721
Other
$226
Benefits
$799
EVP Finance & Operations
Executive Vice President
25th percentile to median
$42k
$45k
Base
$5k
Bonus
$707
Other
$553
Benefits
$461
Vp, Human Resources
Board Vice President
Median to 75th percentile
$39k
$42k
Base
$5k
Bonus
$412
Other
$55
Benefits
$1k
Controller Finance & Operations
Controller
10th to 25th percentile
$39k
$42k
Base
$9k
Bonus
$959
Other
$142
Benefits
$847

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 27 unpaid individuals.

Browse compensation in Employment

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at Economic Growth Foundation equaled 6% of the organization's total expenses. The median for employment organizations is 7%.

This organization (2024)
6%
Sector median
7%
Middle half of sector
3% to 16%

Based on 3,624 employment organizations, each measured at its most recent filing year with reported expenses and compensation.

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

Up 8%
from 2023

From $251k in 2023 to $271k in 2024.

$251k
2023
$271k
2024
In today's dollarsEst.
Up 5% in real terms$277k to $292k

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

Senior Vice President pay rose 8% from 2023 to 2024, while revenue rose 3%.

$251k in 2023 to $271k in 2024.
  • Board Vice President pay rose 3% from 2023 to 2024.
  • Highest Compensated Employee pay rose 186% 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.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about Economic Growth Foundation

What does the Senior Vice President of Economic Growth Foundation earn?

In 2024, the Senior Vice President of Economic Growth Foundation received $271,345 in total compensation. This pay is above the median (the midpoint) for Senior Vice President roles among nonprofits nationwide, across all sectors, within the top half of comparable filings. Based on IRS Form 990 data.

How does Senior Vice President pay at Economic Growth Foundation compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Senior Vice President at Economic Growth Foundation falls between the median and the 75th percentile. In 2024, the highest total compensation at Economic Growth Foundation equaled 6% of the organization's total expenses. The median for employment organizations is 7%.

What are Economic Growth Foundation's revenue and expenses?

In 2024, Economic Growth Foundation reported $5M in total revenue and $4.5M in total expenses on its IRS Form 990.

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