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Filing year 2024

NATIONAL EQUITY FUND INC

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

Executive compensation, broken down

Form 990 · Schedule J · 29 reported individuals · Filing year 2024

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

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.
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