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Filing year 2023

SOCIETY FOR THE INCREASE OF THE MINISTRY

Hartford, Connecticut·EIN 06-6053077·NTEE B82 · Education·501(c)(3)
Total revenue
$556k
Total assets
$4.7M
Total expenses
$742k
Reported officers
8
Mission

SIM PROVIDES SCHOLARSHIPS FOR SEMINARIANS STUDYING FOR MINISTRY WITHIN THE EPISCOPAL CHURCH.

Executive compensation, broken down

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 Education organizations in Connecticut.

Executive Director
Median to 75th percentile
$172k
$192k
Base
$151k
Bonus
Other
Benefits
$14k

Teal figures restate each filed amount in 2026 dollars.

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

Plus 7 unpaid individuals.

Browse compensation in Education

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at SOCIETY FOR THE INCREASE OF THE MINISTRY equaled 23% of the organization's total expenses. The median for education organizations is 7%.

This organization (2023)
23%
Sector median
7%
Middle half of sector
2% to 17%

Based on 26,320 education organizations, each measured at its most recent filing year with reported expenses and compensation.

Up 9%
from 2022

From $157k in 2022 to $172k in 2023.

$157k
2022
$172k
2023
In today's dollarsEst.
Up 6% in real terms$181k to $192k

Estimated with BLS CPI-U for the Northeast 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 rose 9% from 2022 to 2023, while revenue rose 91%.

$157k in 2022 to $172k 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.

Among peers

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

FAQ

Common questions about SOCIETY FOR THE INCREASE OF THE MINISTRY

What does the Chief Executive Officer of SOCIETY FOR THE INCREASE OF THE MINISTRY earn?

In 2023, the Chief Executive Officer of SOCIETY FOR THE INCREASE OF THE MINISTRY received $171,966 in total compensation. This pay is above the median (the midpoint) for Chief Executive Officer roles among Education organizations in Connecticut, within the top half of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at SOCIETY FOR THE INCREASE OF THE MINISTRY compare with similar nonprofits?

Compared with the same role at Education organizations in Connecticut, the 2023 pay of the Chief Executive Officer at SOCIETY FOR THE INCREASE OF THE MINISTRY falls between the median and the 75th percentile. In 2023, the highest total compensation at SOCIETY FOR THE INCREASE OF THE MINISTRY equaled 23% of the organization's total expenses. The median for education organizations is 7%.

What are SOCIETY FOR THE INCREASE OF THE MINISTRY's revenue and expenses?

In 2023, SOCIETY FOR THE INCREASE OF THE MINISTRY reported $556k in total revenue and $742k in total expenses on its IRS Form 990.

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