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Filing year 2024

LINCOLN ECONOMIC DEVELOPMENT ASSOCI

Lincolnton, North Carolina·EIN 56-1188297·NTEE S31 · Community Improvement & Capacity Building·501(c)(3)
Total revenue
$921k
Total assets
$853k
Total expenses
$958k
Reported officers
10
Mission

TO FOSTER AN ECONOMIC ENVIRONMENT THAT PROMOTES AN ENHANCEMENT OF THE STANDARD OF LIVING BY CREATING MORE AND BETTER JOBS FOR THE CITIZENS OF LINCOLNTON AND LINCOLN COUNTY AND AN INCREASED AND DIVERSIFIED TAX BASE TO PROIVDE NEEDED COMMUNITY SERVICES.

Executive compensation, broken down

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

Secretary
Officer (Unspecified)
$170k
$180k
Base
$170k
Bonus
Other
Benefits

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 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 LINCOLN ECONOMIC DEVELOPMENT ASSOCI equaled 18% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

This organization (2024)
18%
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.

Climbed 13%
over 2 years

From $151k in 2022 to $170k in 2024.

$151k
2022
$159k
2023
$170k
2024
In today's dollarsEst.
Up 5% in real terms$172k to $180k

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.

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 LINCOLN ECONOMIC DEVELOPMENT ASSOCI

What are LINCOLN ECONOMIC DEVELOPMENT ASSOCI's revenue and expenses?

In 2024, LINCOLN ECONOMIC DEVELOPMENT ASSOCI reported $921k in total revenue and $958k in total expenses on its IRS Form 990.

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