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 · Part VII & Schedule J · 9 reported individuals · Filing year 2024
Percentile bands compare each position's total pay with the same role at Community Improvement & Capacity Building organizations nationwide.
- Base
- $384k
- Bonus
- $70k
- Other
- $16k
- Benefits
- $24k
- Base
- $245k
- Bonus
- $5k
- Other
- $11k
- Benefits
- $29k
- Base
- $227k
- Bonus
- $17k
- Other
- $1k
- Benefits
- $27k
- Base
- $106k
- Bonus
- $32k
- Other
- $703
- Benefits
- $26k
- Base
- $109k
- Bonus
- $23k
- Other
- $2k
- Benefits
- $29k
- Base
- $121k
- Bonus
- $9k
- Other
- $6k
- Benefits
- $22k
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
Chief Executive Officer Above 90th percentilevs Community Improvement & Capacity Building peers in Michigan | $384k | $70k | $16k | $24k | $575k $619k |
Executive Vp-economic Development Key Employee 75th to 90th percentile | $245k | $5k | $11k | $29k | $303k $326k |
President 75th to 90th percentilevs Community Improvement & Capacity Building peers in Michigan | $227k | $17k | $1k | $27k | $284k $306k |
Senior Director Highest Compensated Employee Median to 75th percentile | $106k | $32k | $703 | $26k | $171k $184k |
Vice President Board Vice President Median to 75th percentile | $109k | $23k | $2k | $29k | $170k $183k |
Vice President Board Vice President 25th percentile to median | $121k | $9k | $6k | $22k | $166k $179k |
Part-year CFO (left Aug 2024) Median to 75th percentile | — | — | — | — | $149k $160k |
Senior Director Highest Compensated Employee 10th to 25th percentile | — | — | — | — | $105k $113k |
VP of Finance and Operations Vice President 25th percentile to median | — | — | — | — | $23k $24k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Plus 73 unpaid individuals.
Browse compensation in Community Improvement & Capacity Building →
Top pay as a share of expenses
In 2024, the highest total compensation at SOUTHWEST MICHIGAN FIRST CORP equaled 10% 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.
Up 20%
from 2023
From $479k in 2023 to $575k in 2024.
Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Chief Executive Officer pay rose 20% from 2023 to 2024, while revenue fell 15%.
- Highest Compensated Employee pay fell 5% from 2023 to 2024.
- Board Vice President pay rose 3% from 2023 to 2024.
Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.
Among peers
Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.
Common questions about SOUTHWEST MICHIGAN FIRST CORP
What does the Chief Executive Officer of SOUTHWEST MICHIGAN FIRST CORP earn?
In 2024, the Chief Executive Officer of SOUTHWEST MICHIGAN FIRST CORP received $575,497 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among Community Improvement & Capacity Building organizations in Michigan: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.
How does Chief Executive Officer pay at SOUTHWEST MICHIGAN FIRST CORP compare with similar nonprofits?
Compared with the same role at Community Improvement & Capacity Building organizations in Michigan, the 2024 pay of the Chief Executive Officer at SOUTHWEST MICHIGAN FIRST CORP falls in the top 10%. In 2024, the highest total compensation at SOUTHWEST MICHIGAN FIRST CORP equaled 10% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.
What are SOUTHWEST MICHIGAN FIRST CORP's revenue and expenses?
In 2024, SOUTHWEST MICHIGAN FIRST CORP reported $6.8M in total revenue and $6M in total expenses on its IRS Form 990.
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