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Filing year 2024

MARLBOROUGH ECONOMIC DEVELOPMENT CORPORATION

Marlborough, Massachusetts·EIN 20-4407846·NTEE S41 · Community Improvement & Capacity Building·6
Total revenue
$1.4M
Total assets
$1.8M
Total expenses
$1.1M
Reported officers
32
Mission

TO ENHANCE THE POSITION, IMAGE, AND PERCEPTION OF MARLBOROUGH AS A DESIRABLE PLACE TO LIVE, WORK, VISIT AND INVEST IN BY PROMOTING CULTURAL, HISTORICAL, AND ECONOMIC PROGRAMS IN THE CITY.

Reported officers (all unpaid)

No paid executives reported in 2024. MARLBOROUGH ECONOMIC DEVELOPMENT CORPORATION reported 32 unpaid officers and board members on its 990.

President
Vice President/secretary
Treasurer
Director Emeritus
Executive Committee/direct
Director Emeritus
Executive Committee/direct
Executive Committee/direct
Director
Director
Director
Director
Director
Director
Director
Director
Executive Committee/direct
Director
Director
Director
Director
Director
Director Emeritus
Director Emeritus
Director
Director
Executive Committee/direct
Director
Director
Director
Director
Director

Down 4%
from 2022

From $120k in 2022 to $115k in 2023.

$120k
2022
$115k
2023
In today's dollarsEst.
Down 8% in real terms$137k to $127k

Estimated with Boston-Cambridge-Newton, MA-NH metro-area CPI-U, 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.
Financial trend

Revenue and expenses over time

MARLBOROUGH ECONOMIC DEVELOPMENT CORPORATION reported revenue and expenses across 3 filing years.

RevenueExpenses
$1M
$904k
2022
$1M
$1M
2023
$1.4M
$1.1M
2024
Total revenue and total expenses from IRS Form 990 filings.
Sector benchmark

What Community Improvement & Capacity Building executives earn in Massachusetts

MARLBOROUGH ECONOMIC DEVELOPMENT CORPORATION reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable community improvement & capacity building organization in Massachusetts earns a median of $78,224.

25th percentile
$23k
Median
$78,224
75th percentile
$139k
90th percentile
$188k

These are community improvement & capacity building sector-wide figures, not this organization's reported pay. Based on 92 organizations across 92 filings (2021 – 2023).

See full Community Improvement & Capacity Building pay data for Massachusetts
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