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Filing year 2024

SOMERSET PULASKI COUNTY ECONOMIC DEVELOPMENT AUTHORITY INC

Somerset, Kentucky·EIN 83-3393196·NTEE S41 · Community Improvement & Capacity Building·501(c)(6)
Total revenue
$2.2M
Total assets
$8.9M
Total expenses
$726k
Reported officers
9
Mission

SPEDA'S MISSION WILL BE TO ENHANCE THE BUSINESS CLIMATE IN AND FOSTER COOPERATION AMONG VARIOUS GOVERNMENT ENTITIES AND PRIVATE SECTOR ORGANIZATIONS. IT WILL BE AN ESSENTIAL POINT OF CONTACT FOR BUSINESSES INTERESTED IN LOCATING OR EXPANDING TO THE COMMUNITY AS WELL AS ASSISTING EXISTING LOCAL COMPANIES IN EXPANSION AND THE REGION'S WORKFORCE DEVELOPMENT EFFORTS.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 1 reported individual · Filing year 2024

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

President +
Key Employee
Median to 75th percentile
$168k
$178k
Base
$168k
Bonus
Other
Benefits

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 8 unpaid individuals.

Browse compensation in Community Improvement & Capacity Building

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at SOMERSET PULASKI COUNTY ECONOMIC DEVELOPMENT AUTHORITY INC equaled 23% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

This organization (2024)
23%
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.

Up 5%
from 2023

From $160k in 2023 to $168k in 2024.

$160k
2023
$168k
2024
In today's dollarsEst.
Up 2% in real terms$175k to $178k

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.

Pay for the position

Key Employee pay rose 5% from 2023 to 2024, while revenue rose 1%.

$160k in 2023 to $168k in 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

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 SOMERSET PULASKI COUNTY ECONOMIC DEVELOPMENT AUTHORITY INC

What does the Key Employee of SOMERSET PULASKI COUNTY ECONOMIC DEVELOPMENT AUTHORITY INC earn?

In 2024, the Key Employee of SOMERSET PULASKI COUNTY ECONOMIC DEVELOPMENT AUTHORITY INC received $168,000 in total compensation. This pay is above the median (the midpoint) for Key Employee roles among Community Improvement & Capacity Building organizations nationwide, within the top half of comparable filings. Based on IRS Form 990 data.

How does Key Employee pay at SOMERSET PULASKI COUNTY ECONOMIC DEVELOPMENT AUTHORITY INC compare with similar nonprofits?

Compared with the same role at Community Improvement & Capacity Building organizations nationwide, the 2024 pay of the Key Employee at SOMERSET PULASKI COUNTY ECONOMIC DEVELOPMENT AUTHORITY INC falls between the median and the 75th percentile. In 2024, the highest total compensation at SOMERSET PULASKI COUNTY ECONOMIC DEVELOPMENT AUTHORITY INC equaled 23% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

What are SOMERSET PULASKI COUNTY ECONOMIC DEVELOPMENT AUTHORITY INC's revenue and expenses?

In 2024, SOMERSET PULASKI COUNTY ECONOMIC DEVELOPMENT AUTHORITY INC reported $2.2M in total revenue and $726k in total expenses on its IRS Form 990.

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