The purpose of the GFOA Endowment Corporation is to operate as a supporting organization described under Section 509(a)(3) of the Internal Revenue Code exclusively for the benefit of, to perform the functions of, or to carry out the purpose of the Government Finance Officers Association.
Executive compensation
Form 990 · Part VII & Schedule J · 2 reported individuals · Filing year 2023
Percentile bands compare each position's total pay with the same role at Public & Societal Benefit organizations in Illinois.
| Position | Total |
|---|---|
Executive Director, CEO 10th to 25th percentile | $80k $89k |
Director of Finance 25th percentile to medianvs Public & Societal Benefit peers nationwide | $39k $43k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with Chicago-Naperville-Elgin, IL-IN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Plus 23 unpaid individuals.
Top pay as a share of expenses
In 2023, the highest total compensation at GFOA Endowment Corporation equaled 25% of the organization's total expenses. The median for public & societal benefit organizations is 10%.
Based on 2,608 public & societal benefit organizations, each measured at its most recent filing year with reported expenses and compensation.
Up 23%
from 2022
From $65k in 2022 to $80k in 2023.
Estimated with Chicago-Naperville-Elgin, IL-IN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Chief Executive Officer pay rose 23% from 2022 to 2023, while revenue rose 74%.
- Chief Financial Officer pay rose 139% from 2022 to 2023.
Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.
Among peers
Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.
Common questions about GFOA Endowment Corporation
What does the Chief Executive Officer of GFOA Endowment Corporation earn?
In 2023, the Chief Executive Officer of GFOA Endowment Corporation received $80,037 in total compensation. This pay is in the bottom quarter for Chief Executive Officer roles among Public & Societal Benefit organizations in Illinois, above the lowest 10% of comparable filings. Based on IRS Form 990 data.
How does Chief Executive Officer pay at GFOA Endowment Corporation compare with similar nonprofits?
Compared with the same role at Public & Societal Benefit organizations in Illinois, the 2023 pay of the Chief Executive Officer at GFOA Endowment Corporation falls between the 10th and 25th percentiles. In 2023, the highest total compensation at GFOA Endowment Corporation equaled 25% of the organization's total expenses. The median for public & societal benefit organizations is 10%.
What are GFOA Endowment Corporation's revenue and expenses?
In 2023, GFOA Endowment Corporation reported $987k in total revenue and $322k in total expenses on its IRS Form 990.
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