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Filing year 2024

NORTH CENTRAL ECONOMIC DEVELOPMENT ASSOCIATION INC

Staples, Minnesota·EIN 36-3458720·NTEE S400 · Community Improvement & Capacity Building·501(c)(3)
Total revenue
$43k
Total assets
$1.9M
Total expenses
$56k
Reported officers
12
Mission

OUR MISSION IS TO PROVIDE ASSISTANCE TO CULTIVATE NEW SKILLS AND RESOURCES THAT UNITE COMMUNITIES AND CONTRIBUTE TO A PROSPEROUS ECONOMY.

Executive compensation

Form 990 · Part VII & Schedule J · 2 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at Community Improvement & Capacity Building organizations nationwide.

Vice Chair
Board Vice Chair
Below 10th percentile
$100
$108
Chair
Board Chair
Below 10th percentile
$50
$54

Teal figures restate each filed amount in 2026 dollars.

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

Plus 10 unpaid individuals.

Browse compensation in Community Improvement & Capacity Building

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at NORTH CENTRAL ECONOMIC DEVELOPMENT ASSOCIATION INC equaled 0.2% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

This organization (2024)
0.2%
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.

Pay for the position

Board Vice Chair pay fell 75% from 2022 to 2024, while revenue fell 60%.

$400 in 2022 to $100 in 2024.
  • Board Chair pay fell 90% from 2022 to 2024.
  • Board Member pay rose 17% from 2022 to 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2024.

Among peers

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

FAQ

Common questions about NORTH CENTRAL ECONOMIC DEVELOPMENT ASSOCIATION INC

What does the Board Vice Chair of NORTH CENTRAL ECONOMIC DEVELOPMENT ASSOCIATION INC earn?

In 2024, the Board Vice Chair of NORTH CENTRAL ECONOMIC DEVELOPMENT ASSOCIATION INC received $100 in total compensation. This pay is in the bottom 10% for Board Vice Chair roles among Community Improvement & Capacity Building organizations nationwide: at least 9 in 10 comparable filings report more. Based on IRS Form 990 data.

How does Board Vice Chair pay at NORTH CENTRAL ECONOMIC DEVELOPMENT ASSOCIATION INC compare with similar nonprofits?

Compared with the same role at Community Improvement & Capacity Building organizations nationwide, the 2024 pay of the Board Vice Chair at NORTH CENTRAL ECONOMIC DEVELOPMENT ASSOCIATION INC falls in the bottom 10%. In 2024, the highest total compensation at NORTH CENTRAL ECONOMIC DEVELOPMENT ASSOCIATION INC equaled 0.2% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

What are NORTH CENTRAL ECONOMIC DEVELOPMENT ASSOCIATION INC's revenue and expenses?

In 2024, NORTH CENTRAL ECONOMIC DEVELOPMENT ASSOCIATION INC reported $43k in total revenue and $56k in total expenses on its IRS Form 990.

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