THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, EDUCATIONAL, AND SCIENTIFIC PURPOSES, INCLUDING THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT ARE TAX-EXEMPT UNDER INTERNAL REVENUE CODE ("CODE") SECTION 501 (C)(3), AND WITHIN THOSE LIMITED PURPOSES, TO SERVE ON A NON-PROFIT BASIS AS A REGIONAL ECONOMIC DEVELOPMENT AGENCY FOR SOUTHWEST MICHIGAN. ITS MISSION WILL BE TO BUILD AN EFFECTIVE PARTNERSHIP AMONG BUSINESS, EDUCATION, FOUNDATIONS AND THE PUBLIC SECTOR, PURSUE NEW OPPORTUNITIES FOR GROWTH AND DEVELOPMENT, SERVE AS THE PRIMARY PRO-DEVELOPMENT ADVOCATE WITHIN SOUTHWEST MICHIGAN, AND TAKE AN ACTIVE ROLE IN ACTIVITIES DESIGNED TO DEVELOP THE AREA'S HUMAN, TECHNICAL AND CAPITAL RESOURCES.
Executive compensation, broken down
Form 990 · Schedule J · 9 reported individuals · Filing year 2024
| Base salary | Bonus | Other compensation | Benefits | Executive compensation | |
|---|---|---|---|---|---|
Executive Vp-economic Development key employee $303k | |||||
Senior Director highest compensated employee $171k | |||||
Vice President vice president $170k | |||||
Vice President vice president $166k | |||||
Senior Director highest compensated employee $105k | |||||
VP of Finance and Operations vice president $23k | |||||
Plus 73 unpaid individuals.
Browse compensation in Community Improvement & Capacity Building →
Up 20%
from 2023
From $479k in 2023 to $575k in 2024.
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