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Filing year 2023

SOUTHEAST KENTUCKY ECONOMIC DEVELOPMENT CORPORATION INC

Somerset, Kentucky·EIN 61-1097619·NTEE S32Z · Community Improvement & Capacity Building·501(c)(3)
Total revenue
$2.6M
Total assets
$30.3M
Total expenses
$2.2M
Reported officers
14
Mission

TO FACILITATE THE ECONOMIC GROWTH AND DEVELOPMENT OF THE SOUTHERN KENTUCKY REGION.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 2 reported individuals · Filing year 2023

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

Executive Di
Above 90th percentile
$213k
$233k
Base
$181k
Bonus
Other
Benefits
Director of
Highest Compensated Employee
Median to 75th percentilevs Community Improvement & Capacity Building peers nationwide
$157k
$171k
Base
$134k
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 12 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 SOUTHEAST KENTUCKY ECONOMIC DEVELOPMENT CORPORATION INC equaled 9% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

This organization (2023)
9%
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 2022

From $202k in 2022 to $213k in 2023.

$202k
2022
$213k
2023
In today's dollarsEst.
Up 1% in real terms$231k to $233k

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

Chief Executive Officer pay rose 5% from 2022 to 2023, while revenue rose 7%.

$202k in 2022 to $213k in 2023.
  • Highest Compensated Employee pay rose 3% from 2022 to 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 SOUTHEAST KENTUCKY ECONOMIC DEVELOPMENT CORPORATION INC

What does the Chief Executive Officer of SOUTHEAST KENTUCKY ECONOMIC DEVELOPMENT CORPORATION INC earn?

In 2023, the Chief Executive Officer of SOUTHEAST KENTUCKY ECONOMIC DEVELOPMENT CORPORATION INC received $213,353 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among Community Improvement & Capacity Building organizations in Kentucky: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at SOUTHEAST KENTUCKY ECONOMIC DEVELOPMENT CORPORATION INC compare with similar nonprofits?

Compared with the same role at Community Improvement & Capacity Building organizations in Kentucky, the 2023 pay of the Chief Executive Officer at SOUTHEAST KENTUCKY ECONOMIC DEVELOPMENT CORPORATION INC falls in the top 10%. In 2023, the highest total compensation at SOUTHEAST KENTUCKY ECONOMIC DEVELOPMENT CORPORATION INC equaled 9% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

What are SOUTHEAST KENTUCKY ECONOMIC DEVELOPMENT CORPORATION INC's revenue and expenses?

In 2023, SOUTHEAST KENTUCKY ECONOMIC DEVELOPMENT CORPORATION INC reported $2.6M in total revenue and $2.2M in total expenses on its IRS Form 990.

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