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Filing year 2024

NORFOLK FESTEVENTS LTD

Norfolk, Virginia·EIN 54-1118356·NTEE N52Z · Recreation & Sports·501(c)(3)
Total revenue
$6M
Total assets
$6.4M
Total expenses
$5.3M
Reported officers
52
Mission

THE MISSION OF NORFOLK FESTEVENTS, LTD. IS TO BE OF SERVICE TO THE CITY IN PLANNING AND COORDINATION OF CITY SPONSORED EVENTS AND PROMOTIONS, TO PROVIDE LEADERSHIP IN THE INDUSTRY ON A LOCAL, REGIONAL, AND NATIONAL LEVEL, AND SUPPORT CHARITABLE, CIVIC, AND EDUCATIONAL PROGRAMS.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 3 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at Recreation & Sports organizations nationwide.

Former Executive Director
Director (Operational)
Above 90th percentile
$296k
$314k
Base
$262k
Bonus
Other
Benefits
$16k
Executive Director
Above 90th percentilevs Recreation & Sports peers in Virginia
$195k
$207k
Base
$170k
Bonus
Other
Benefits
$12k
VP Sales/operations
Board Vice President
75th to 90th percentile
$150k
$159k
Base
$126k
Bonus
Other
Benefits
$13k

Teal figures restate each filed amount in 2026 dollars.

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

Plus 49 unpaid individuals.

Browse compensation in Recreation & Sports

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at NORFOLK FESTEVENTS LTD equaled 6% of the organization's total expenses. The median for recreation & sports organizations is 8%.

This organization (2024)
6%
Sector median
8%
Middle half of sector
4% to 16%

Based on 7,435 recreation & sports organizations, each measured at its most recent filing year with reported expenses and compensation.

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

Up 5%
from 2023

From $281k in 2023 to $296k in 2024.

$281k
2023
$296k
2024
In today's dollarsEst.
Up 2% in real terms$306k to $314k

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

Pay for the position

Director (Operational) pay rose 5% from 2023 to 2024, while revenue fell 7%.

$281k in 2023 to $296k in 2024.
  • Chief Executive Officer pay held roughly steady from 2023 to 2024.
  • Board Vice President pay rose 4% 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.

Among peers

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

FAQ

Common questions about NORFOLK FESTEVENTS LTD

What does the Director (Operational) of NORFOLK FESTEVENTS LTD earn?

In 2024, the Director (Operational) of NORFOLK FESTEVENTS LTD received $295,666 in total compensation. This pay is in the top 10% for Director (Operational) roles among Recreation & Sports organizations nationwide: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Director (Operational) pay at NORFOLK FESTEVENTS LTD compare with similar nonprofits?

Compared with the same role at Recreation & Sports organizations nationwide, the 2024 pay of the Director (Operational) at NORFOLK FESTEVENTS LTD falls in the top 10%. In 2024, the highest total compensation at NORFOLK FESTEVENTS LTD equaled 6% of the organization's total expenses. The median for recreation & sports organizations is 8%.

What are NORFOLK FESTEVENTS LTD's revenue and expenses?

In 2024, NORFOLK FESTEVENTS LTD reported $6M in total revenue and $5.3M in total expenses on its IRS Form 990.

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