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Filing year 2024

NEW YORK STATE ECONOMIC DEVELOPMENT COUNCIL INC

Albany, New York·EIN 16-6064598·6
Total revenue
$1.6M
Total assets
$1.3M
Total expenses
$1.5M
Reported officers
35
Mission

THE MISSION OF ORGANIZATION IS TO PROMOTE THE ECONOMIC DEVELOPMENT OF NEW YORK STATE AND ITS COMMUNITIES, ENCOURAGE SOUND BUSINESS PRACTICIES IN THE CONDUCT OF REGIONAL AND STATEWIDE DEVELOPMENT PROGRAMS, AND TO DEVELOP EDUCATIONAL PROGRAMS THAT ENHANCE THE PROFESSIONAL DEVELOPMENT SKILLS OF NYSEDC MEMBERS.

Executive compensation, broken down

Form 990 · Schedule J · 1 reported individual · Filing year 2024

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

Executive Director
75th to 90th percentile
$222k
$240k
Base
$209k
Bonus
Other
Benefits
$2k

Teal figures restate each filed amount in 2026 dollars.

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

Plus 34 unpaid individuals.

Up 21%
from 2023

From $184k in 2023 to $222k in 2024.

$184k
2023
$222k
2024
In today's dollarsEst.
Up 17% in real terms$205k to $240k

Estimated with BLS CPI-U for the Northeast 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 21% from 2023 to 2024, while revenue fell 6%.

$184k in 2023 to $222k in 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

NEW YORK STATE ECONOMIC DEVELOPMENT COUNCIL INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$1.7M
$1.6M
2023
$1.6M
$1.5M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about NEW YORK STATE ECONOMIC DEVELOPMENT COUNCIL INC

What does the Chief Executive Officer of NEW YORK STATE ECONOMIC DEVELOPMENT COUNCIL INC earn?

In 2024, the Chief Executive Officer of NEW YORK STATE ECONOMIC DEVELOPMENT COUNCIL INC received $221,919 in total compensation. This pay is in the top quarter for Chief Executive Officer roles among nonprofits nationwide, across all sectors, though not the top 10% of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at NEW YORK STATE ECONOMIC DEVELOPMENT COUNCIL 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 NEW YORK STATE ECONOMIC DEVELOPMENT COUNCIL INC falls between the 75th and 90th percentiles.

What are NEW YORK STATE ECONOMIC DEVELOPMENT COUNCIL INC's revenue and expenses?

In 2024, NEW YORK STATE ECONOMIC DEVELOPMENT COUNCIL INC reported $1.6M in total revenue and $1.5M in total expenses on its IRS Form 990.

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