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Filing year 2023

ROCKFORD LOCAL DEVELOPMENT CORPORATION

Rockford, Illinois·EIN 36-3038678·6
Total revenue
$1.1M
Total assets
$4.7M
Total expenses
$1.1M
Reported officers
15
Mission

TO ADVANCE THE COMMERCIAL, INDUSTRIAL AND GENERAL WELFARE OF THE CITY OF ROCKFORD, ILLINOIS AND NORTHERN ILLINOIS AND TO ASSIST IN DEVELOPING AND IMPLEMENTING STRATEGIES TO STIMULATE BUSINESS DEVELOPMENT

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.

Executive Di
75th to 90th percentile
$226k
$249k
Base
$184k
Bonus
Other
Benefits
$32k

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 14 unpaid individuals.

Down 3%
from 2022

From $232k in 2022 to $226k in 2023.

$232k
2022
$226k
2023
In today's dollarsEst.
Down 6% in real terms$267k to $249k

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.

Pay for the position

Chief Executive Officer pay fell 3% from 2022 to 2023, while revenue fell 45%.

$232k in 2022 to $226k 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

ROCKFORD LOCAL DEVELOPMENT CORPORATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$1.9M
$1.1M
2022
$1.1M
$1.1M
2023
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about ROCKFORD LOCAL DEVELOPMENT CORPORATION

What does the Chief Executive Officer of ROCKFORD LOCAL DEVELOPMENT CORPORATION earn?

In 2023, the Chief Executive Officer of ROCKFORD LOCAL DEVELOPMENT CORPORATION received $225,674 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 ROCKFORD LOCAL 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 ROCKFORD LOCAL DEVELOPMENT CORPORATION falls between the 75th and 90th percentiles.

What are ROCKFORD LOCAL DEVELOPMENT CORPORATION's revenue and expenses?

In 2023, ROCKFORD LOCAL DEVELOPMENT CORPORATION reported $1.1M in total revenue and $1.1M in total expenses on its IRS Form 990.

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