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Filing year 2023

PALO ALTO PUBLIC IMPROVEMENT CORPORATION

Palo Alto, California·EIN 77-0001048·4
Total revenue
$4.5M
Total assets
$152.4M
Total expenses
$4.4M
Reported officers
7
Mission

TO PROVIDE FINANCIAL ASSISTANCE TO THE CITY OF PALO ALTO BY FINANCING, ACQUIRING, CONSTRUCTING, IMPROVING, LEASING AND SELLING PROPERTY EQUIPMENT AND OTHER PUBLIC IMPROVEMENT PROJECTS.

Executive compensation

Form 990 · Schedule J · 4 reported individuals · Filing year 2023

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

Council Member
Board Member
Median to 75th percentile
$22k
$24k
Council Member
Board Member
Median to 75th percentile
$22k
$24k
Council Member
Board Member
25th percentile to median
$14k
$16k
Council Member
Board Member
25th percentile to median
$12k
$14k

Teal figures restate each filed amount in 2026 dollars.

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

Plus 3 unpaid individuals.

Down 34%
from 2022

From $33k in 2022 to $22k in 2023.

$33k
2022
$22k
2023
In today's dollarsEst.
Down 36% in real terms$38k to $24k

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

Pay for the position

Board Member pay fell 34% from 2022 to 2023, while revenue rose 56%.

$33k in 2022 to $22k in 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

PALO ALTO PUBLIC IMPROVEMENT CORPORATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$2.9M
$4.3M
2022
$4.5M
$4.4M
2023
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about PALO ALTO PUBLIC IMPROVEMENT CORPORATION

What does the Board Member of PALO ALTO PUBLIC IMPROVEMENT CORPORATION earn?

In 2023, the Board Member of PALO ALTO PUBLIC IMPROVEMENT CORPORATION received $21,930 in total compensation. This pay is above the median (the midpoint) for Board Member roles among nonprofits nationwide, across all sectors, within the top half of comparable filings. Based on IRS Form 990 data.

How does Board Member pay at PALO ALTO PUBLIC IMPROVEMENT CORPORATION compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2023 pay of the Board Member at PALO ALTO PUBLIC IMPROVEMENT CORPORATION falls between the median and the 75th percentile.

What are PALO ALTO PUBLIC IMPROVEMENT CORPORATION's revenue and expenses?

In 2023, PALO ALTO PUBLIC IMPROVEMENT CORPORATION reported $4.5M in total revenue and $4.4M in total expenses on its IRS Form 990.

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