THE MISSION OF THE ORGANIZATION IS TO DEVELOP, IMPLEMENT AND PROMOTE SOUND ECONOMIC STRATEGIES THAT IMPROVE THE QUALITY OF LIFE OF RURAL NORTH CAROLINIANS, WITH A SPECIAL FOCUS ON INDIVIDUALS WITH LOW TO MODERATE INCOMES AND COMMUNITIES WITH LIMITED RESOURCES.
Executive compensation, broken down
Form 990 · Part VII & Schedule J · 12 reported individuals · Filing year 2023
Percentile bands compare each position's total pay with the same role at Community Improvement & Capacity Building organizations nationwide.
- Base
- $250k
- Bonus
- —
- Other
- —
- Benefits
- $12k
- Base
- $237k
- Bonus
- —
- Other
- —
- Benefits
- $12k
- Base
- $198k
- Bonus
- —
- Other
- —
- Benefits
- $12k
- Base
- $204k
- Bonus
- —
- Other
- —
- Benefits
- $9k
- Base
- $185k
- Bonus
- —
- Other
- —
- Benefits
- $12k
- Base
- $157k
- Bonus
- —
- Other
- —
- Benefits
- $10k
- Base
- $137k
- Bonus
- —
- Other
- —
- Benefits
- $9k
- Base
- $133k
- Bonus
- —
- Other
- —
- Benefits
- $9k
- Base
- $126k
- Bonus
- —
- Other
- —
- Benefits
- $12k
- Base
- $137k
- Bonus
- —
- Other
- —
- Benefits
- —
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
President & CEO Above 90th percentilevs Community Improvement & Capacity Building peers in North Carolina | $250k | — | — | $12k | $286k $312k |
Exec Dir, Thread Capital (to Aug '23) Officer (Unspecified) | $237k | — | — | $12k | $284k $310k |
Cfo/asst Treasurer 75th to 90th percentile | $198k | — | — | $12k | $234k $256k |
Chief Programs Officer Chief Program Officer 75th to 90th percentilevs all sectors nationwide | $204k | — | — | $9k | $232k $254k |
Exec Dir, Cornersquare Llc Highest Compensated Employee 75th to 90th percentile | $185k | — | — | $12k | $219k $240k |
Dir of Internal Compliance and Audit Officer (Unspecified) | $157k | — | — | $10k | $176k $192k |
Dir of Lending and Client Support Highest Compensated Employee Median to 75th percentile | $137k | — | — | $9k | $161k $176k |
Product Manager Highest Compensated Employee Median to 75th percentile | $133k | — | — | $9k | $155k $169k |
Controller Median to 75th percentile | $126k | — | — | $12k | $153k $167k |
Sbc Dir of Operations Highest Compensated Employee 25th percentile to median | $137k | — | — | — | $151k $164k |
COO (from Jul '23) 25th percentile to median | — | — | — | — | $125k $136k |
Assistant Secretary Secretary (Operational) Median to 75th percentile | — | — | — | — | $97k $106k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Plus 23 unpaid individuals.
Browse compensation in Community Improvement & Capacity Building →
Top pay as a share of expenses
In 2023, the highest total compensation at RURAL ECONOMIC DEVELOPMENT CENTER INC equaled 2% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.
Based on 10,247 community improvement & capacity building organizations, each measured at its most recent filing year with reported expenses and compensation.
Funded by
Private foundations whose Form 990-PF Part XV grants matched this organization.
Up 1%
from 2022
From $282k in 2022 to $286k in 2023.
Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Chief Executive Officer pay rose 1% from 2022 to 2023, while revenue rose 184%.
- Chief Financial Officer pay rose 39% from 2022 to 2023.
- Chief Program Officer pay fell 11% from 2022 to 2023.
Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.
Revenue and expenses over time
RURAL ECONOMIC DEVELOPMENT CENTER INC reported revenue and expenses across 2 filing years.
What Community Improvement & Capacity Building executives earn in North Carolina
Comparable community improvement & capacity building organizations in North Carolina pay their highest-earning executive a median of $77,557.
These are community improvement & capacity building sector-wide figures, not this organization's reported pay. Based on 277 organizations across 277 filings (2021 – 2024).
See full Community Improvement & Capacity Building pay data for North Carolina →Common questions about RURAL ECONOMIC DEVELOPMENT CENTER INC
What does the Chief Executive Officer of RURAL ECONOMIC DEVELOPMENT CENTER INC earn?
In 2023, the Chief Executive Officer of RURAL ECONOMIC DEVELOPMENT CENTER INC received $285,715 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among Community Improvement & Capacity Building organizations in North Carolina: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.
How does Chief Executive Officer pay at RURAL ECONOMIC DEVELOPMENT CENTER INC compare with similar nonprofits?
Compared with the same role at Community Improvement & Capacity Building organizations in North Carolina, the 2023 pay of the Chief Executive Officer at RURAL ECONOMIC DEVELOPMENT CENTER INC falls in the top 10%. In 2023, the highest total compensation at RURAL ECONOMIC DEVELOPMENT CENTER INC equaled 2% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.
What are RURAL ECONOMIC DEVELOPMENT CENTER INC's revenue and expenses?
In 2023, RURAL ECONOMIC DEVELOPMENT CENTER INC reported $60.7M in total revenue and $13.1M in total expenses on its IRS Form 990.
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