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Filing year 2024

MARTINSVILLE-HENRY COUNTY ECONOMIC DEVELOPMENT CORP

Martinsville, Virginia·EIN 11-3843016·NTEE S30 · Community Improvement & Capacity Building·501(c)(3)
Total revenue
-$2.6M
Total assets
$1.6M
Total expenses
$2.4M
Reported officers
9
Mission

TO EXPAND THE TAX BASE AND PROVIDE JOBS FOR THE MARTINSVILLE/HENRY COUNTY BY ENCOURAGING EXPANSION OF LOCAL BUSINESSES AND INDUSTRIES AND BY RECRUITING NEW BUSINESSES TO LOCATE.

Executive compensation, broken down

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

Percentile bands compare each position's total pay with the same role at Community Improvement & Capacity Building organizations in Virginia.

President & CEO
75th to 90th percentile
$368k
$391k
Base
$272k
Bonus
$30k
Other
$12k
Benefits
$18k

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 8 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 MARTINSVILLE-HENRY COUNTY ECONOMIC DEVELOPMENT CORP equaled 15% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

This organization (2024)
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 15%
from 2023

From $321k in 2023 to $368k in 2024.

$321k
2023
$368k
2024
In today's dollarsEst.
Up 11% in real terms$351k to $391k

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.

Pay for the position

Chief Executive Officer pay rose 15% from 2023 to 2024.

$321k in 2023 to $368k in 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

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

What Community Improvement & Capacity Building executives earn in Virginia

Comparable community improvement & capacity building organizations in Virginia pay their highest-earning executive a median of $110,738.

25th percentile
$52k
Median
$110,738
75th percentile
$240k
90th percentile
$452k

These are community improvement & capacity building sector-wide figures, not this organization's reported pay. Based on 335 organizations across 335 filings (2021 – 2024).

See full Community Improvement & Capacity Building pay data for Virginia
FAQ

Common questions about MARTINSVILLE-HENRY COUNTY ECONOMIC DEVELOPMENT CORP

What does the Chief Executive Officer of MARTINSVILLE-HENRY COUNTY ECONOMIC DEVELOPMENT CORP earn?

In 2024, the Chief Executive Officer of MARTINSVILLE-HENRY COUNTY ECONOMIC DEVELOPMENT CORP received $368,464 in total compensation. This pay is in the top quarter for Chief Executive Officer roles among Community Improvement & Capacity Building organizations in Virginia, though not the top 10% of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at MARTINSVILLE-HENRY COUNTY ECONOMIC DEVELOPMENT CORP compare with similar nonprofits?

Compared with the same role at Community Improvement & Capacity Building organizations in Virginia, the 2024 pay of the Chief Executive Officer at MARTINSVILLE-HENRY COUNTY ECONOMIC DEVELOPMENT CORP falls between the 75th and 90th percentiles. In 2024, the highest total compensation at MARTINSVILLE-HENRY COUNTY ECONOMIC DEVELOPMENT CORP equaled 15% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

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