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Filing year 2024

HILLSBORO ECONOMIC DEVELOPMENT CORP

Hillsboro, North Dakota·EIN 45-0280838·NTEE S80 · Community Improvement & Capacity Building·501(c)(3)
Total revenue
$346k
Total assets
$1.1M
Total expenses
$129k
Reported officers
10
Mission

TO LESSEN THE GOVERNMENTS BURDEN OF UNDERTAKING ECONOMIC DEVELOPMENT TO SUSTAIN HILLSBORO, ND AS A COMMUNITY BY ENCOURAGING THE DEVELOPMENT OF INDUSTRY AND BUSINESS IN

Executive compensation

Form 990 · Part VII & Schedule J · 1 reported individual · Filing year 2024

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

Business Manager
Below 10th percentile
$7k
$8k

Teal figures restate each filed amount in 2026 dollars.

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

Plus 9 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 HILLSBORO ECONOMIC DEVELOPMENT CORP equaled 6% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

This organization (2024)
6%
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.

Pay for the position

Business Manager pay fell 11% from 2023 to 2024, while revenue rose 17%.

$8k in 2023 to $7k in 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about HILLSBORO ECONOMIC DEVELOPMENT CORP

What does the Business Manager of HILLSBORO ECONOMIC DEVELOPMENT CORP earn?

In 2024, the Business Manager of HILLSBORO ECONOMIC DEVELOPMENT CORP received $7,241 in total compensation. This pay is in the bottom 10% for Business Manager roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report more. Based on IRS Form 990 data.

How does Business Manager pay at HILLSBORO ECONOMIC DEVELOPMENT CORP compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Business Manager at HILLSBORO ECONOMIC DEVELOPMENT CORP falls in the bottom 10%. In 2024, the highest total compensation at HILLSBORO ECONOMIC DEVELOPMENT CORP equaled 6% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

What are HILLSBORO ECONOMIC DEVELOPMENT CORP's revenue and expenses?

In 2024, HILLSBORO ECONOMIC DEVELOPMENT CORP reported $346k in total revenue and $129k in total expenses on its IRS Form 990.

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