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Filing year 2023

MICHIGAN CHAMBER OF COMMERCE

Lansing, Michigan·EIN 38-1626029·501(c)(6)
Total revenue
$4.5M
Total assets
$7.9M
Total expenses
$4.5M
Reported officers
85
Mission

TO PROMOTE CONDITIONS FAVORABLE TO JOB CREATION AND BUSINESS SUCCESS IN MICHIGAN.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 7 reported individuals · Filing year 2023

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

President & CEO
Above 90th percentile
$543k
$600k
Base
$452k
Bonus
$31k
Other
$25k
Benefits
$5k
VP Business Advocacy/member Engagement
Board Vice President
75th to 90th percentile
$253k
$279k
Base
$206k
Bonus
$20k
Other
$6k
Benefits
$3k
COO
75th to 90th percentile
$243k
$268k
Base
$191k
Bonus
$20k
Other
$8k
Benefits
$3k
Senior Director, Insurance Solutions
Highest Compensated Employee
Median to 75th percentile
$193k
$214k
Base
$124k
Bonus
$68k
Other
Benefits
$651
Vp, Membership & Partnerships
Board Vice President
Median to 75th percentile
$179k
$198k
Base
$128k
Bonus
$38k
Other
$2k
Benefits
$206
Chief Communications & Marketing Officer
Highest Compensated Employee
25th percentile to median
$162k
$179k
Base
$137k
Bonus
$15k
Other
Benefits
$247
Sales Executive
Highest Compensated Employee
25th percentile to median
$155k
$171k
Base
$60k
Bonus
$70k
Other
$300
Benefits
$376

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 78 unpaid individuals.

Up 11%
from 2022

From $487k in 2022 to $543k in 2023.

$487k
2022
$543k
2023
In today's dollarsEst.
Up 7% in real terms$558k to $600k

Estimated with BLS CPI-U for the Midwest 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 11% from 2022 to 2023, while revenue fell 41%.

$487k in 2022 to $543k in 2023.
  • Board Vice President pay rose 11% from 2022 to 2023.
  • Chief Operating Officer pay rose 13% 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

MICHIGAN CHAMBER OF COMMERCE reported revenue and expenses across 2 filing years.

RevenueExpenses
$7.6M
$7.7M
2022
$4.5M
$4.5M
2023
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about MICHIGAN CHAMBER OF COMMERCE

What does the Chief Executive Officer of MICHIGAN CHAMBER OF COMMERCE earn?

In 2023, the Chief Executive Officer of MICHIGAN CHAMBER OF COMMERCE received $543,065 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at MICHIGAN CHAMBER OF COMMERCE compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2023 pay of the Chief Executive Officer at MICHIGAN CHAMBER OF COMMERCE falls in the top 10%.

What are MICHIGAN CHAMBER OF COMMERCE's revenue and expenses?

In 2023, MICHIGAN CHAMBER OF COMMERCE reported $4.5M in total revenue and $4.5M in total expenses on its IRS Form 990.

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