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Filing year 2024

FINANCIAL ACCOUNTING FOUNDATION

Norwalk, Connecticut·EIN 23-7211935·NTEE W190 · Public & Societal Benefit·501(c)(3)
Total revenue
$86.1M
Total assets
$161.1M
Total expenses
$73.1M
Reported officers
30
Mission

ESTABLISH AND IMPROVE FINANCIAL ACCOUNTING AND REPORTING STANDARDS TO PROVIDE USEFUL INFORMATION TO INVESTORS AND OTHER USERS OF FINANCIAL REPORTS AND TO EDUCATE STAKEHOLDERS ON HOW TO MOST EFFECTIVELY UNDERSTAND AND IMPLEMENT THOSE STANDARDS.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 28 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at Public & Societal Benefit organizations nationwide.

Chair, Fasb
Board Chair
Above 90th percentile
$1.4M
$1.5M
Base
$1.1M
Bonus
Other
$180k
Benefits
$40k
Vice Chair (as of 7/24)
Board Vice Chair
Above 90th percentilevs all sectors nationwide
$1.2M
$1.3M
Base
$942k
Bonus
Other
$212k
Benefits
$17k
Fasb Member
Highest Compensated Employee
Above 90th percentile
$1.1M
$1.2M
Base
$896k
Bonus
Other
$165k
Benefits
$37k
Fasb Member
Highest Compensated Employee
Above 90th percentile
$1.1M
$1.2M
Base
$891k
Bonus
Other
$135k
Benefits
$34k
Fasb Member
Highest Compensated Employee
Above 90th percentile
$1.1M
$1.2M
Base
$896k
Bonus
Other
$123k
Benefits
$40k
Fasb Member
Highest Compensated Employee
Above 90th percentile
$1.1M
$1.2M
Base
$897k
Bonus
Other
$121k
Benefits
$29k
Fasb Member
Highest Compensated Employee
Above 90th percentile
$1.1M
$1.2M
Base
$898k
Bonus
Other
$121k
Benefits
$16k
Chair, Gasb
Board Chair
Above 90th percentile
$867k
$937k
Base
$733k
Bonus
Other
$60k
Benefits
$37k
Executive Director
Above 90th percentile
$820k
$886k
Base
$677k
Bonus
Other
$69k
Benefits
$29k
Vice Chair (thru 06/24)
Board Vice Chair
Above 90th percentilevs all sectors nationwide
$678k
$732k
Base
$557k
Bonus
Other
$55k
Benefits
$26k
Vp/chief Operating Officer
Officer (Unspecified)
$663k
$716k
Base
$543k
Bonus
$2k
Other
$42k
Benefits
$31k
Vp-general Counsel
Officer (Unspecified)
$608k
$657k
Base
$494k
Bonus
Other
$39k
Benefits
$29k
Chair
Board Chair
75th to 90th percentile
$200k
$216k
Base
$200k
Bonus
Other
Benefits
Trustee, Sec & Treasurer
Board Member
75th to 90th percentile
$97k
$105k
Trustee (thru 12/24)
Board Member
75th to 90th percentile
$97k
$105k
Trustee (thru 12/24)
Board Member
75th to 90th percentile
$97k
$105k
Trustee
Board Member
75th to 90th percentile
$97k
$105k
Vice Chair
Board Vice Chair
Above 90th percentilevs all sectors nationwide
$97k
$105k
Trustee
Board Member
75th to 90th percentile
$80k
$86k
Trustee
Board Member
75th to 90th percentile
$80k
$86k
Trustee
Board Member
75th to 90th percentile
$80k
$86k
Trustee (thru 12/24)
Board Member
75th to 90th percentile
$80k
$86k
Trustee
Board Member
75th to 90th percentile
$80k
$86k
Trustee (as of 1/24)
Board Member
75th to 90th percentile
$80k
$86k
Trustee
Board Member
75th to 90th percentile
$80k
$86k
Trustee
Board Member
75th to 90th percentile
$80k
$86k
Trustee
Board Member
75th to 90th percentile
$80k
$86k
Trustee (as of 1/24)
Board Member
75th to 90th percentile
$80k
$86k

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 2 unpaid individuals.

Browse compensation in Public & Societal Benefit

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at FINANCIAL ACCOUNTING FOUNDATION equaled 2% of the organization's total expenses. The median for public & societal benefit organizations is 10%.

This organization (2024)
2%
Sector median
10%
Middle half of sector
4% to 22%

Based on 2,608 public & societal benefit organizations, each measured at its most recent filing year with reported expenses and compensation.

Up 1%
from 2023

From $1.4M in 2023 to $1.4M in 2024.

$1.4M
2023
$1.4M
2024
In today's dollarsEst.
Down 2% in real terms$1.5M to $1.5M

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

Board Chair pay rose 1% from 2023 to 2024, while revenue rose 7%.

$1.4M in 2023 to $1.4M in 2024.
  • Board Vice Chair pay held roughly steady from 2023 to 2024.
  • Highest Compensated Employee pay rose 4% 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

FINANCIAL ACCOUNTING FOUNDATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$80.8M
$70.1M
2023
$86.1M
$73.1M
2024
Total revenue and total expenses from IRS Form 990 filings.
Sector benchmark

What Public & Societal Benefit executives earn

Comparable public & societal benefit organizations nationwide pay their highest-earning executive a median of $83,690.

25th percentile
$30k
Median
$83,690
75th percentile
$173k
90th percentile
$325k

These are public & societal benefit sector-wide figures, not this organization's reported pay. Based on 2,612 organizations across 2,612 filings (2021 – 2024).

See full Public & Societal Benefit compensation data
FAQ

Common questions about FINANCIAL ACCOUNTING FOUNDATION

What does the Board Chair of FINANCIAL ACCOUNTING FOUNDATION earn?

In 2024, the Board Chair of FINANCIAL ACCOUNTING FOUNDATION received $1,391,718 in total compensation. This pay is in the top 10% for Board Chair roles among Public & Societal Benefit organizations nationwide: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Board Chair pay at FINANCIAL ACCOUNTING FOUNDATION compare with similar nonprofits?

Compared with the same role at Public & Societal Benefit organizations nationwide, the 2024 pay of the Board Chair at FINANCIAL ACCOUNTING FOUNDATION falls in the top 10%. In 2024, the highest total compensation at FINANCIAL ACCOUNTING FOUNDATION equaled 2% of the organization's total expenses. The median for public & societal benefit organizations is 10%.

What are FINANCIAL ACCOUNTING FOUNDATION's revenue and expenses?

In 2024, FINANCIAL ACCOUNTING FOUNDATION reported $86.1M in total revenue and $73.1M in total expenses on its IRS Form 990.

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