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Filing year 2023

STRATEGIC ECONOMIC DEVELOPMENT CORPORATION OF THE MID-WILLAMETTE VALLEY

Salem, Oregon·EIN 93-0810393·501(c)(6)
Total revenue
$1.2M
Total assets
$1M
Total expenses
$4.2M
Reported officers
47
Mission

SEDCOR (STRATEGIC ECONOMIC DEVELOPMENT CORPORATION) IS A NONPROFIT ORGANIZATION WORKING WITH PRIVATE AND PUBLIC PARTNERS TO ENHANCE AND DIVERSIFY THE MID-WILLAMETTE VALLEY ECONOMY. SINCE 1982, SEDCOR HAS BUILT AND STRENGTHENED POSITIVE AND PRODUCTIVE PARTNERSHIPS WITH INDUSTRY LEADERS, NONPROFITS, BUSINESS ADVOCACY GROUPS, COMMUNITY ORGANIZATIONS, EDUCATIONAL INSTITUTIONS, STATE AND FEDERAL AGENCIES, LOCAL GOVERNMENTS, AND MORE. SEDCOR'S DRIVE TO GROW AND SHOWCASE ECONOMIC DEVELOPMENT IN MARION, POLK AND YAMHILL COUNTIES IS WITH A SINGULAR FOCUS: BRING TRADED SECTOR JOBS AND WEALTH TO THE LOCAL ECONOMY. SEDCOR'S MISSION IS 'OPPORTUNITY AND IT IS BUILT ON THE FOUNDING VALUES TO: LISTEN FIRST; THINK OUTSIDE THE BOX; ACT WITH AGILITY; AND BUILD TO LAST. THIS IS DONE BY THOUGHTFULLY CULTIVATING RELATIONSHIPS AND COLLABORATING WITH PARTNERS ACROSS SECTORS TO RETAIN AND ATTRACT HIGH VALUE JOBS AND CAPITAL INVESTMENT, WHILE PROVIDING MEMBER SERVICES THAT SUPPORT BUSINESS SUCCESS

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 nonprofits nationwide, across all sectors.

President
Median to 75th percentile
$167k
$182k
Base
$150k
Bonus
Other
Benefits
$17k

Teal figures restate each filed amount in 2026 dollars.

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

Plus 46 unpaid individuals.

Up 8%
from 2022

From $155k in 2022 to $167k in 2023.

$155k
2022
$167k
2023
In today's dollarsEst.
Up 3% in real terms$176k to $182k

Estimated with BLS CPI-U for the West 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 8% from 2022 to 2023, while revenue fell 71%.

$155k in 2022 to $167k 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.
Financial trend

Revenue and expenses over time

STRATEGIC ECONOMIC DEVELOPMENT CORPORATION OF THE MID-WILLAMETTE VALLEY reported revenue and expenses across 2 filing years.

RevenueExpenses
$4.2M
$1.2M
2022
$1.2M
$4.2M
2023
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about STRATEGIC ECONOMIC DEVELOPMENT CORPORATION OF THE MID-WILLAMETTE VALLEY

What does the Chief Executive Officer of STRATEGIC ECONOMIC DEVELOPMENT CORPORATION OF THE MID-WILLAMETTE VALLEY earn?

In 2023, the Chief Executive Officer of STRATEGIC ECONOMIC DEVELOPMENT CORPORATION OF THE MID-WILLAMETTE VALLEY received $166,612 in total compensation. This pay is above the median (the midpoint) for Chief Executive Officer roles among nonprofits nationwide, across all sectors, within the top half of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at STRATEGIC ECONOMIC DEVELOPMENT CORPORATION OF THE MID-WILLAMETTE VALLEY compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2023 pay of the Chief Executive Officer at STRATEGIC ECONOMIC DEVELOPMENT CORPORATION OF THE MID-WILLAMETTE VALLEY falls between the median and the 75th percentile.

What are STRATEGIC ECONOMIC DEVELOPMENT CORPORATION OF THE MID-WILLAMETTE VALLEY's revenue and expenses?

In 2023, STRATEGIC ECONOMIC DEVELOPMENT CORPORATION OF THE MID-WILLAMETTE VALLEY reported $1.2M in total revenue and $4.2M in total expenses on its IRS Form 990.

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