TO PROMOTE ECONOMIC DEVELOPMENT AND GROWTH OF THE SMALL BUSINESS COMMUNITY WITHIN VIRGINIA, MARYLAND, WEST VIRGINIA AND WASHINGTON, DC. TO PROMOTE AND INCREASE PRIVATE SECTOR INVESTMENT IN LONG-TERM FIXED ASSETS, WHICH WILL INCREASE PRODUCTIVITY, CREATE OR RETAIN EMPLOYMENT OPPORTUNITIES AND INCREASE THE LOCAL TAX BASE IN THE AREA OF OPERATIONS. IN SUMMARY, IT IS THE INTENT OF THE RAPPAHANNOCK ECONOMIC DEVELOPMENT CORPORATION TO PROVIDE A POSITIVE ECONOMIC IMPACT WITHIN ITS COMMUNITY, OR MEET A PUBLIC POLICY GOAL OF THE SMALL BUSINESS ADMINISTRATION (SBA).
Executive compensation, broken down
Form 990 · Schedule J · 1 reported individual · Filing year 2023
Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.
- Base
- $173k
- Bonus
- $16k
- Other
- —
- Benefits
- —
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
President 75th to 90th percentile | $173k | $16k | — | — | $189k $207k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with Washington-Arlington-Alexandria, DC-VA-MD-WV metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Plus 14 unpaid individuals.
Down 7%
from 2022
From $203k in 2022 to $189k in 2023.
Estimated with Washington-Arlington-Alexandria, DC-VA-MD-WV metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Chief Executive Officer pay fell 7% from 2022 to 2023, while revenue fell 4%.
Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.
Revenue and expenses over time
RAPPAHANNOCK ECONOMIC DEVELOPMENT CORPORATION reported revenue and expenses across 2 filing years.
Common questions about RAPPAHANNOCK ECONOMIC DEVELOPMENT CORPORATION
What does the Chief Executive Officer of RAPPAHANNOCK ECONOMIC DEVELOPMENT CORPORATION earn?
In 2023, the Chief Executive Officer of RAPPAHANNOCK ECONOMIC DEVELOPMENT CORPORATION received $188,730 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 RAPPAHANNOCK ECONOMIC DEVELOPMENT CORPORATION compare with similar nonprofits?
Compared with the same role at nonprofits nationwide, across all sectors, the 2023 pay of the Chief Executive Officer at RAPPAHANNOCK ECONOMIC DEVELOPMENT CORPORATION falls between the 75th and 90th percentiles.
What are RAPPAHANNOCK ECONOMIC DEVELOPMENT CORPORATION's revenue and expenses?
In 2023, RAPPAHANNOCK ECONOMIC DEVELOPMENT CORPORATION reported $702k in total revenue and $692k in total expenses on its IRS Form 990.
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