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Filing year 2023

EDUCATION DEVELOPMENT CENTER INC

Waltham, Massachusetts·EIN 04-2241718·501(c)(3)
Total revenue
$210.8M
Total assets
$124M
Total expenses
$200.1M
Reported officers
35
Mission

Education Development Center, Inc. (EDC), is a global nonprofit organization that advances lasting solutions to improve education, promote health, and expand economic opportunity. Since 1958, we have been a leader in designing, implementing, and evaluating powerful and innovative programs in more than 80 countries around the world.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 13 reported individuals · Filing year 2023

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

President and CEO
Above 90th percentile
$460k
$507k
Base
$418k
Bonus
Other
Benefits
$2k
C.f.o., C.c.o., Sr. V.p.,treasurer
Above 90th percentile
$425k
$468k
Base
$359k
Bonus
Other
Benefits
$30k
Sr. V.p. U.s. Division
Key Employee
Above 90th percentile
$393k
$432k
Base
$331k
Bonus
Other
Benefits
$28k
Interim President and CEO Eff May 2 2024
Above 90th percentile
$381k
$419k
Base
$337k
Bonus
Other
Benefits
$11k
Sr. V.p., International Development Division
Key Employee
75th to 90th percentile
$380k
$419k
Base
$335k
Bonus
Other
Benefits
$13k
Sr. V.p., General Counsel, Corporate Secretary
Secretary (Operational)
Above 90th percentile
$367k
$405k
Base
$310k
Bonus
Other
Benefits
$29k
Senior Vice President
Median to 75th percentile
$341k
$375k
Base
$286k
Bonus
Other
Benefits
$29k
Chief of Party
Highest Compensated Employee
75th to 90th percentile
$340k
$375k
Base
$280k
Bonus
Other
$20k
Benefits
$10k
Chief of Party
Highest Compensated Employee
75th to 90th percentile
$337k
$371k
Base
$255k
Bonus
Other
$32k
Benefits
$24k
Vice President, Director of Operations
75th to 90th percentile
$318k
$350k
Base
$265k
Bonus
Other
Benefits
$29k
Senior Vice President
Median to 75th percentile
$302k
$333k
Base
$251k
Bonus
Other
Benefits
$28k
Director & Interim Chief Human Resources Officer
Key Employee
75th to 90th percentile
$275k
$303k
Base
$225k
Bonus
Other
Benefits
$28k
Sr Vice President, Portfolio Leader
Board Vice President
75th to 90th percentile
$274k
$302k
Base
$224k
Bonus
Other
Benefits
$29k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Boston-Cambridge-Newton, MA-NH metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 22 unpaid individuals.

Funded by

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

Up 5%
from 2022

From $440k in 2022 to $460k in 2023.

$440k
2022
$460k
2023
In today's dollarsEst.
Up 1% in real terms$502k to $507k

Estimated with Boston-Cambridge-Newton, MA-NH metro-area CPI-U, 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 5% from 2022 to 2023, while revenue rose 5%.

$440k in 2022 to $460k in 2023.
  • Chief Financial Officer pay rose 6% from 2022 to 2023.
  • Key Employee pay rose 3% 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

EDUCATION DEVELOPMENT CENTER INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$201.5M
$192.6M
2022
$210.8M
$200.1M
2023
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about EDUCATION DEVELOPMENT CENTER INC

What does the Chief Executive Officer of EDUCATION DEVELOPMENT CENTER INC earn?

In 2023, the Chief Executive Officer of EDUCATION DEVELOPMENT CENTER INC received $459,922 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at EDUCATION DEVELOPMENT CENTER INC compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2023 pay of the Chief Executive Officer at EDUCATION DEVELOPMENT CENTER INC falls in the top 10%.

What are EDUCATION DEVELOPMENT CENTER INC's revenue and expenses?

In 2023, EDUCATION DEVELOPMENT CENTER INC reported $210.8M in total revenue and $200.1M in total expenses on its IRS Form 990.

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