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Filing year 2023

MONTGOMERY COUNTY ECONOMIC DEVELOPMENT C

Rockville, Maryland·EIN 81-0717388·NTEE S30 · Community Improvement & Capacity Building·501(c)(3)
Total revenue
$6.2M
Total assets
$4.7M
Total expenses
$6.3M
Reported officers
24
Mission

MARKETING AND BUSINESS DEVELOPMENT TO DRIVE ECONOMIC GROWTH IN MONTGOMERY COUNTY, MARYLAND.

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 Community Improvement & Capacity Building organizations nationwide.

President and CEO
Above 90th percentilevs Community Improvement & Capacity Building peers in Maryland
$346k
$379k
Base
$328k
Bonus
Other
Benefits
$18k
Svp, Business Development (outgoing)
Senior Vice President
Median to 75th percentile
$212k
$232k
Base
$192k
Bonus
Other
Benefits
$19k
VP of Marketing & Communication
Board Vice President
Median to 75th percentile
$188k
$206k
Base
$162k
Bonus
Other
Benefits
$26k
VP of Operations
Board Vice President
Median to 75th percentile
$185k
$202k
Base
$168k
Bonus
Other
Benefits
$16k
Director of Economic Devel (outgoing)
Highest Compensated Employee
Median to 75th percentile
$184k
$202k
Base
$160k
Bonus
Other
Benefits
$24k
Diretor of Economic Development
Highest Compensated Employee
Median to 75th percentile
$174k
$191k
Base
$161k
Bonus
Other
Benefits
$13k
Business Community Engagement Manager
Business Manager
Median to 75th percentilevs all sectors nationwide
$133k
$146k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Washington-Arlington-Alexandria, DC-VA-MD-WV metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 17 unpaid individuals.

Browse compensation in Community Improvement & Capacity Building

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at MONTGOMERY COUNTY ECONOMIC DEVELOPMENT C equaled 5% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

This organization (2023)
5%
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 56%
from 2022

From $222k in 2022 to $346k in 2023.

$222k
2022
$346k
2023
In today's dollarsEst.
Up 51% in real terms$251k to $379k

Estimated with Washington-Arlington-Alexandria, DC-VA-MD-WV 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 rose 56% from 2022 to 2023, while revenue fell 13%.

$222k in 2022 to $346k in 2023.
  • Senior Vice President pay rose 12% from 2022 to 2023.
  • Board Vice President pay rose 11% 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.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about MONTGOMERY COUNTY ECONOMIC DEVELOPMENT C

What does the Chief Executive Officer of MONTGOMERY COUNTY ECONOMIC DEVELOPMENT C earn?

In 2023, the Chief Executive Officer of MONTGOMERY COUNTY ECONOMIC DEVELOPMENT C received $345,558 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among Community Improvement & Capacity Building organizations in Maryland: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at MONTGOMERY COUNTY ECONOMIC DEVELOPMENT C compare with similar nonprofits?

Compared with the same role at Community Improvement & Capacity Building organizations in Maryland, the 2023 pay of the Chief Executive Officer at MONTGOMERY COUNTY ECONOMIC DEVELOPMENT C falls in the top 10%. In 2023, the highest total compensation at MONTGOMERY COUNTY ECONOMIC DEVELOPMENT C equaled 5% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

What are MONTGOMERY COUNTY ECONOMIC DEVELOPMENT C's revenue and expenses?

In 2023, MONTGOMERY COUNTY ECONOMIC DEVELOPMENT C reported $6.2M in total revenue and $6.3M in total expenses on its IRS Form 990.

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