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Filing year 2023

RAVENNA ECONOMIC DEVELOPMENT CORP

Ravenna, Nebraska·EIN 46-5433447·NTEE S41 · Community Improvement & Capacity Building·501(c)(6)
Total revenue
$436k
Total assets
$660k
Total expenses
$91k
Reported officers
10
Mission

RAVENNA'S ECONOMIC DEVELOPMENT PROGRAM IS A REFLECTION OF THE COMMUNITY'S FORWARD-THINKING, PROGRESSIVE AND PASSIONATE CITIZENS AND BUSINESS COMMUNITY. THE AIM OF RAVENNA'S ECONOMIC DEVELOPMENT PROGRAM IS JOB RETENTION, BUSINESS EXPANSION, BUSINESS RECRUITMENT, JOB TRAINING AND THE CREATION OF OPPORTUNITIES FOR LOCAL BUSINESSES TO REACH A GLOBAL MARKETPLACE. THE SUCCESS OF THIS PROGRAM WILL HELP TO ENSURE THAT THE QUALITY OF LIFE FOR RAVENNA RESIDENTS IS MAINTAINED AND ENHANCED, ALLOWING FUTURE GENERATIONS TO ENJOY THE SAME COMMUNITY QUALITIES THAT CURRENT RESIDENTS CHERISH.

Executive compensation

Form 990 · Part VII & Schedule J · 1 reported individual · Filing year 2023

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

Exectutive D
Board Member
Median to 75th percentile
$50k
$55k

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 9 unpaid individuals.

Browse compensation in Community Improvement & Capacity Building

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at RAVENNA ECONOMIC DEVELOPMENT CORP equaled 55% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

This organization (2023)
55%
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.

Among peers

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

FAQ

Common questions about RAVENNA ECONOMIC DEVELOPMENT CORP

What does the Board Member of RAVENNA ECONOMIC DEVELOPMENT CORP earn?

In 2023, the Board Member of RAVENNA ECONOMIC DEVELOPMENT CORP received $49,685 in total compensation. This pay is above the median (the midpoint) for Board Member roles among Community Improvement & Capacity Building organizations nationwide, within the top half of comparable filings. Based on IRS Form 990 data.

How does Board Member pay at RAVENNA ECONOMIC DEVELOPMENT CORP compare with similar nonprofits?

Compared with the same role at Community Improvement & Capacity Building organizations nationwide, the 2023 pay of the Board Member at RAVENNA ECONOMIC DEVELOPMENT CORP falls between the median and the 75th percentile. In 2023, the highest total compensation at RAVENNA ECONOMIC DEVELOPMENT CORP equaled 55% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

What are RAVENNA ECONOMIC DEVELOPMENT CORP's revenue and expenses?

In 2023, RAVENNA ECONOMIC DEVELOPMENT CORP reported $436k in total revenue and $91k in total expenses on its IRS Form 990.

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