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Filing year 2024

GENESIS LA ECONOMIC GROWTH CORPORATION

Los Angeles, California·EIN 95-4712513·NTEE S31 · Community Improvement & Capacity Building·501(c)(3)
Total revenue
$36.9M
Total assets
$147.6M
Total expenses
$7M
Reported officers
15
Mission

THE PRIMARY PURPOSE OF THE ORGANIZATION SHALL BE TO COMBAT COMMUNITY DETERIORATION BY ASSISTING, IMPLMENTING, SUPPORTING OR CONTRIBUTING TO THE SUPPORT OF PROGRAMS, PROJECTS AND ACTIVITIES OF PUBLIC NATURE DESIGNED TO STIMULATE ECONOMIC DEVELOPMENT.

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 Community Improvement & Capacity Building organizations in California.

President/ceo
Above 90th percentile
$505k
$541k
Base
$254k
Bonus
$251k
Other
Benefits
Treasurer, Director of Fin
Director (Operational)
75th to 90th percentile
$192k
$205k
Base
$131k
Bonus
$60k
Other
Benefits
Legal Counsel
Highest Compensated Employee
Median to 75th percentile
$185k
$198k
Base
$129k
Bonus
$56k
Other
Benefits
Director of Lending
Highest Compensated Employee
Median to 75th percentile
$184k
$196k
Base
$143k
Bonus
$40k
Other
Benefits
Senior Loan Officer
Highest Compensated Employee
10th to 25th percentile
$119k
$127k
Base
$99k
Bonus
$20k
Other
Benefits

Teal figures restate each filed amount in 2026 dollars.

Estimated with Los Angeles-Long Beach-Anaheim, CA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 10 unpaid individuals.

Browse compensation in Community Improvement & Capacity Building

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at GENESIS LA ECONOMIC GROWTH CORPORATION equaled 7% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

This organization (2024)
7%
Sector median
14%
Middle half of sector
6% to 28%

Based on 10,247 community improvement & capacity building 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.

Down 5%
from 2023

From $533k in 2023 to $505k in 2024.

$533k
2023
$505k
2024
In today's dollarsEst.
Down 8% in real terms$589k to $541k

Estimated with Los Angeles-Long Beach-Anaheim, CA 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 fell 5% from 2023 to 2024, while revenue rose 191%.

$533k in 2023 to $505k in 2024.
  • Highest Compensated Employee pay fell 2% 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 GENESIS LA ECONOMIC GROWTH CORPORATION

What does the Chief Executive Officer of GENESIS LA ECONOMIC GROWTH CORPORATION earn?

In 2024, the Chief Executive Officer of GENESIS LA ECONOMIC GROWTH CORPORATION received $505,354 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among Community Improvement & Capacity Building organizations in California: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at GENESIS LA ECONOMIC GROWTH CORPORATION compare with similar nonprofits?

Compared with the same role at Community Improvement & Capacity Building organizations in California, the 2024 pay of the Chief Executive Officer at GENESIS LA ECONOMIC GROWTH CORPORATION falls in the top 10%. In 2024, the highest total compensation at GENESIS LA ECONOMIC GROWTH CORPORATION equaled 7% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

What are GENESIS LA ECONOMIC GROWTH CORPORATION's revenue and expenses?

In 2024, GENESIS LA ECONOMIC GROWTH CORPORATION reported $36.9M in total revenue and $7M in total expenses on its IRS Form 990.

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