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Filing year 2024

NATIONAL EQUITY FUND INC

Chicago, Illinois·EIN 36-3490231·501(c)(4)
Total revenue
$85.5M
Total assets
$122.2M
Total expenses
$93.5M
Reported officers
32

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 29 reported individuals · Filing year 2024

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

President & CEO (and Director)
Above 90th percentile
$1.6M
$1.7M
Base
$468k
Bonus
$625k
Other
$85k
Benefits
$51k
Managing Director - West Region
Highest Compensated Employee
Above 90th percentile
$1.2M
$1.3M
Base
$246k
Bonus
$400k
Other
$1k
Benefits
$28k
Managing Director - Central Region
Highest Compensated Employee
Above 90th percentile
$1.1M
$1.2M
Base
$241k
Bonus
$400k
Other
$300
Benefits
$36k
Svp, Lihtc Production
Senior Vice President
Above 90th percentile
$1M
$1.1M
Base
$265k
Bonus
$418k
Other
$450
Benefits
$33k
Svp, Coo, CFO
Above 90th percentile
$1M
$1.1M
Base
$318k
Bonus
$470k
Other
$34k
Benefits
$46k
Managing Director - East Region
Highest Compensated Employee
Above 90th percentile
$910k
$974k
Base
$236k
Bonus
$327k
Other
$690
Benefits
$41k
Svp, Chief of Production
Senior Vice President
Above 90th percentile
$881k
$943k
Base
$285k
Bonus
$470k
Other
$2k
Benefits
$28k
Svp, Chief Credit & Risk Officer
Senior Vice President
Above 90th percentile
$832k
$891k
Base
$271k
Bonus
$415k
Other
$4k
Benefits
$12k
Svp, Capital Markets
Senior Vice President
Above 90th percentile
$818k
$876k
Base
$265k
Bonus
$410k
Other
$2k
Benefits
$36k
Svp, Asset Management
Senior Vice President
Above 90th percentile
$776k
$831k
Base
$262k
Bonus
$360k
Other
$4k
Benefits
$33k
Svp, Chief Administrative Officer
Senior Vice President
Above 90th percentile
$699k
$748k
Base
$263k
Bonus
$240k
Other
$30k
Benefits
$49k
Svp/cio
Highest Compensated Employee
Above 90th percentile
$640k
$685k
Base
$244k
Bonus
$330k
Other
$690
Benefits
$38k
Svp, Gen. Counsel & Secretary
Senior Vice President
75th to 90th percentile
$602k
$644k
Base
$255k
Bonus
$283k
Other
$2k
Benefits
$33k
Svp, Structured Finance
Senior Vice President
75th to 90th percentile
$520k
$557k
Base
$261k
Bonus
$215k
Other
$300
Benefits
$15k
Former SVP
Senior Vice President
Median to 75th percentile
$238k
$255k
Vice Chairman (and Director)
Board Vice Chair
Above 90th percentile
$169k
$180k
Director
Board Member
Above 90th percentile
$121k
$129k
Director
Board Member
75th to 90th percentile
$81k
$87k
Director
Board Member
Median to 75th percentile
$17k
$18k
Director
Board Member
25th percentile to median
$16k
$17k
Director
Board Member
25th percentile to median
$14k
$15k
Director
Board Member
25th percentile to median
$14k
$15k
Director
Board Member
25th percentile to median
$13k
$14k
Director
Board Member
25th percentile to median
$11k
$12k
Director
Board Member
25th percentile to median
$10k
$11k
Chairman (and Director)
Board Chair
25th percentile to median
$9k
$10k
Director
Board Member
25th percentile to median
$9k
$10k
Director
Board Member
25th percentile to median
$8k
$9k
Director
Board Member
25th percentile to median
$8k
$9k
Base
$8k
Bonus
Other
Benefits

Teal figures restate each filed amount in 2026 dollars.

Estimated with Chicago-Naperville-Elgin, IL-IN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 3 unpaid individuals.

Up 12%
from 2023

From $1.4M in 2023 to $1.6M in 2024.

$1.4M
2023
$1.6M
2024
In today's dollarsEst.
Up 8% in real terms$1.5M to $1.7M

Estimated with Chicago-Naperville-Elgin, IL-IN-WI 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 17% from 2023 to 2024, while revenue fell 1%.

$1.3M in 2023 to $1.6M in 2024.
  • Highest Compensated Employee pay fell 11% from 2023 to 2024.
  • Senior Vice President pay fell 21% from 2023 to 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.
Financial trend

Revenue and expenses over time

NATIONAL EQUITY FUND INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$86M
$90M
2023
$85.5M
$93.5M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about NATIONAL EQUITY FUND INC

What does the Chief Executive Officer of NATIONAL EQUITY FUND INC earn?

In 2024, the Chief Executive Officer of NATIONAL EQUITY FUND INC received $1,557,831 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 NATIONAL EQUITY FUND INC compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at NATIONAL EQUITY FUND INC falls in the top 10%.

What are NATIONAL EQUITY FUND INC's revenue and expenses?

In 2024, NATIONAL EQUITY FUND INC reported $85.5M in total revenue and $93.5M in total expenses on its IRS Form 990.

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