Executive compensation
Form 990-PF · Part VIII · 1 reported individual · Filing year 2024
Percentile bands compare each position's total pay with the same role at Philanthropy, Voluntarism & Grantmaking organizations nationwide.
| Position | Total |
|---|---|
Secretary Board Secretary Above 90th percentile | $156k $168k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Plus 5 unpaid individuals.
Browse compensation in Philanthropy, Voluntarism & Grantmaking →
Top pay as a share of expenses
In 2024, the highest total compensation at ARK EDUCATION INITIATIVE INC FKA INNOVATION FOUNDATION INC equaled 8% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.
Based on 35,946 philanthropy, voluntarism & grantmaking organizations, each measured at its most recent filing year with reported expenses and compensation.
Grants paid
Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.
Total granted
$200k
Itemized grants
2
Median grant
$100k
Up 15%
from 2023
From $136k in 2023 to $156k in 2024.
Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Board Secretary pay rose 15% from 2023 to 2024, while revenue rose 14%.
Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.
This is a private foundation. Peers are foundations of similar asset size (Under $1M), because foundation pay scales with assets under management, not revenue.
Among peers
Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.
Common questions about ARK EDUCATION INITIATIVE INC FKA INNOVATION FOUNDATION INC
What does the Board Secretary of ARK EDUCATION INITIATIVE INC FKA INNOVATION FOUNDATION INC earn?
In 2024, the Board Secretary of ARK EDUCATION INITIATIVE INC FKA INNOVATION FOUNDATION INC received $155,856 in total compensation. This pay is in the top 10% for Board Secretary roles among Philanthropy, Voluntarism & Grantmaking organizations nationwide: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.
How does Board Secretary pay at ARK EDUCATION INITIATIVE INC FKA INNOVATION FOUNDATION INC compare with similar nonprofits?
Compared with the same role at Philanthropy, Voluntarism & Grantmaking organizations nationwide, the 2024 pay of the Board Secretary at ARK EDUCATION INITIATIVE INC FKA INNOVATION FOUNDATION INC falls in the top 10%. In 2024, the highest total compensation at ARK EDUCATION INITIATIVE INC FKA INNOVATION FOUNDATION INC equaled 8% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.
What are ARK EDUCATION INITIATIVE INC FKA INNOVATION FOUNDATION INC's revenue and expenses?
In 2024, ARK EDUCATION INITIATIVE INC FKA INNOVATION FOUNDATION INC reported $2.1M in total revenue and $2.1M in total expenses on its IRS Form 990.
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This is a private foundation. Peers are foundations of similar asset size (Under $1M), because foundation pay scales with assets under management, not revenue.
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