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Filing year 2024

HARBOR TOWNS INC

Chapel Hill, North Carolina·EIN 87-3875262·3
Total revenue
$195k
Total assets
$13.8M
Total expenses
$1.1M
Reported officers
5
Mission

TO PLAN, IMPLEMENT, AND MANAGE TOURISM-BASED ECONOMIC DEVELOPMENT STRATEGIES TO BENEFIT THE ALBEMARLE SOUND REGION INCLUDING, BUT NOT LIMITED TO, PROVIDING WATER TRANSPORTATION ON THE ALBEMARLE SOUND.

Executive compensation

Form 990 · Schedule J · 4 reported individuals · Filing year 2024

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

Treasurer
Officer (Unspecified)
$36k
$38k
President and CEO
10th to 25th percentile
$30k
$32k
Secretary (thru 10/2024)
Officer (Unspecified)
$18k
$19k
Vice-president
Below 10th percentile
$8k
$8k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 1 unpaid individual.

Down 55%
from 2023

From $80k in 2023 to $36k in 2024.

$80k
2023
$36k
2024
In today's dollarsEst.
Down 56% in real terms$87k to $38k

Estimated with BLS CPI-U for the South region, 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 62% from 2023 to 2024, while revenue fell 98%.

$80k in 2023 to $30k in 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

HARBOR TOWNS INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$10.1M
$827k
2023
$195k
$1.1M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about HARBOR TOWNS INC

What does the Chief Executive Officer of HARBOR TOWNS INC earn?

In 2024, the Chief Executive Officer of HARBOR TOWNS INC received $30,000 in total compensation. This pay is in the bottom quarter for Chief Executive Officer roles among nonprofits nationwide, across all sectors, above the lowest 10% of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at HARBOR TOWNS INC compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at HARBOR TOWNS INC falls between the 10th and 25th percentiles.

What are HARBOR TOWNS INC's revenue and expenses?

In 2024, HARBOR TOWNS INC reported $195k in total revenue and $1.1M in total expenses on its IRS Form 990.

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