TO PROMOTE INDUSTRIAL AND BUSINESS DEVELOPMENT, DIVERSIFICATION OF INDIANA'S ECONOMY, AND OVERALL ECONOMIC GROWTH OF INDIANA; TO PROMOTE THE RETENTION, EXPANSION, GROWTH, AND MODERNIZATION OF INDIANA'S BUSINESSES; TO PROMOTE THE CREATION OF NEW JOBS, RETENTION OF EXISTING JOBS, AND THE DEVELOPMENT OF ENTRPRENEURIAL ACTIVITIES IN INDIANA; AND OTHERWISE TO ASSIST THE GOVERNOR AND THE INDIANA ECONOMIC DEVELOPMENT CORPORATION (IEDC) IN REACHING THEIR ECONOMIC GOALS BY RAISING FUNDS FROM THE GENERAL PUBLIC AND NON-PROFIT FOUNDATIONS AND ORGANIZATIONS.
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 Community Improvement & Capacity Building organizations nationwide.
| Position | Total |
|---|---|
Iedc Exec Vp, Secretary Vice President 25th percentile to median | $48k $53k |
Iedc Treasurer 25th percentile to median | $39k $43k |
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 15 unpaid individuals.
Browse compensation in Community Improvement & Capacity Building →
Top pay as a share of expenses
In 2023, the highest total compensation at INDIANA ECONOMIC DEVELOPMENT FOUNDATION INC equaled 4% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.
Based on 10,247 community improvement & capacity building organizations, each measured at its most recent filing year with reported expenses and compensation.
Up 13%
from 2022
From $43k in 2022 to $48k in 2023.
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.
Vice President pay rose 13% from 2022 to 2023, while revenue rose 107%.
- Chief Financial Officer pay fell 6% 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 INDIANA ECONOMIC DEVELOPMENT FOUNDATION INC
What does the Vice President of INDIANA ECONOMIC DEVELOPMENT FOUNDATION INC earn?
In 2023, the Vice President of INDIANA ECONOMIC DEVELOPMENT FOUNDATION INC received $48,352 in total compensation. This pay is below the median (the midpoint) for Vice President roles among Community Improvement & Capacity Building organizations nationwide, but above the bottom quarter of comparable filings. Based on IRS Form 990 data.
How does Vice President pay at INDIANA ECONOMIC DEVELOPMENT FOUNDATION INC compare with similar nonprofits?
Compared with the same role at Community Improvement & Capacity Building organizations nationwide, the 2023 pay of the Vice President at INDIANA ECONOMIC DEVELOPMENT FOUNDATION INC falls between the 25th percentile and the median. In 2023, the highest total compensation at INDIANA ECONOMIC DEVELOPMENT FOUNDATION INC equaled 4% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.
What are INDIANA ECONOMIC DEVELOPMENT FOUNDATION INC's revenue and expenses?
In 2023, INDIANA ECONOMIC DEVELOPMENT FOUNDATION INC reported $3.2M in total revenue and $1.2M in total expenses on its IRS Form 990.
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