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Filing year 2023

MASSACHUSETTS ALLIANCE FOR ECONOMIC DEVELOPMENT INC

Watertown, Massachusetts·EIN 04-3172007·6
Total revenue
$818k
Total assets
$322k
Total expenses
$731k
Reported officers
24
Mission

PROVIDES PROGRAMS AND SERVICES TO SUPPORT THE RETENTION AND GROWTH OF BUSINESS AND JOBS IN MASSACHUSETTS

Executive compensation, broken down

Form 990 · Schedule J · 2 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

Executive Director
Median to 75th percentile
$161k
$178k
Base
$161k
Bonus
Other
Benefits
Senior Director
Highest Compensated Employee
10th to 25th percentile
$118k
$130k

Teal figures restate each filed amount in 2026 dollars.

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.

Plus 22 unpaid individuals.

Down 5%
from 2022

From $170k in 2022 to $161k in 2023.

$170k
2022
$161k
2023
In today's dollarsEst.
Down 9% in real terms$195k to $178k

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.

Pay for the position

Chief Executive Officer pay fell 5% from 2022 to 2023, while revenue rose 70%.

$170k in 2022 to $161k in 2023.
  • Highest Compensated Employee pay rose 4% 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.
Financial trend

Revenue and expenses over time

MASSACHUSETTS ALLIANCE FOR ECONOMIC DEVELOPMENT INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$483k
$748k
2022
$818k
$731k
2023
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about MASSACHUSETTS ALLIANCE FOR ECONOMIC DEVELOPMENT INC

What does the Chief Executive Officer of MASSACHUSETTS ALLIANCE FOR ECONOMIC DEVELOPMENT INC earn?

In 2023, the Chief Executive Officer of MASSACHUSETTS ALLIANCE FOR ECONOMIC DEVELOPMENT INC received $161,187 in total compensation. This pay is above the median (the midpoint) for Chief Executive Officer roles among nonprofits nationwide, across all sectors, within the top half of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at MASSACHUSETTS ALLIANCE FOR ECONOMIC DEVELOPMENT INC compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2023 pay of the Chief Executive Officer at MASSACHUSETTS ALLIANCE FOR ECONOMIC DEVELOPMENT INC falls between the median and the 75th percentile.

What are MASSACHUSETTS ALLIANCE FOR ECONOMIC DEVELOPMENT INC's revenue and expenses?

In 2023, MASSACHUSETTS ALLIANCE FOR ECONOMIC DEVELOPMENT INC reported $818k in total revenue and $731k in total expenses on its IRS Form 990.

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