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Filing year 2023

LAKE CHAMPLAIN OPPORTUNITY FUND INC

Burlington, Vermont·EIN 03-0366744·NTEE S400 · Community Improvement & Capacity Building·501(c)(3)
Total revenue
$419k
Total assets
$1.4M
Total expenses
$173k
Reported officers
8
Mission

THE PURPOSE OF THIS NON-PROFIT ORGANIZATION IS TO DEVELOP AND IMPLEMENT WORKFORCE DEVELOPMENT STRATEGIES THAT SUPPORT BUSINESS AND INDUSTRY PRIMARILY IN OUR REGION OF VERMONT (CHITTENDEN COUNTY) AND STATEWIDE. THESE STRATEGIES INCLUDE THE LAUNCHVT INITIATIVE.

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.

President
10th to 25th percentile
$26k
$29k
VP of Finance
Vice President
10th to 25th percentile
$7k
$7k

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 6 unpaid individuals.

Browse compensation in Community Improvement & Capacity Building

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at LAKE CHAMPLAIN OPPORTUNITY FUND INC equaled 15% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

This organization (2023)
15%
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.

Up 31%
from 2022

From $20k in 2022 to $26k in 2023.

$20k
2022
$26k
2023
In today's dollarsEst.
Up 27% in real terms$23k to $29k

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.

Pay for the position

Chief Executive Officer pay rose 31% from 2022 to 2023, while revenue rose 46%.

$20k in 2022 to $26k in 2023.
  • Vice President pay fell 8% from 2022 to 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

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

FAQ

Common questions about LAKE CHAMPLAIN OPPORTUNITY FUND INC

What does the Chief Executive Officer of LAKE CHAMPLAIN OPPORTUNITY FUND INC earn?

In 2023, the Chief Executive Officer of LAKE CHAMPLAIN OPPORTUNITY FUND INC received $26,127 in total compensation. This pay is in the bottom quarter for Chief Executive Officer roles among Community Improvement & Capacity Building organizations nationwide, above the lowest 10% of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at LAKE CHAMPLAIN OPPORTUNITY FUND INC compare with similar nonprofits?

Compared with the same role at Community Improvement & Capacity Building organizations nationwide, the 2023 pay of the Chief Executive Officer at LAKE CHAMPLAIN OPPORTUNITY FUND INC falls between the 10th and 25th percentiles. In 2023, the highest total compensation at LAKE CHAMPLAIN OPPORTUNITY FUND INC equaled 15% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

What are LAKE CHAMPLAIN OPPORTUNITY FUND INC's revenue and expenses?

In 2023, LAKE CHAMPLAIN OPPORTUNITY FUND INC reported $419k in total revenue and $173k in total expenses on its IRS Form 990.

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