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Filing year 2024

THE RIGHT PLACE INC

Grand Rapids, Michigan·EIN 38-3262801·6
Total revenue
$33.9M
Total assets
$36.8M
Total expenses
$33.6M
Reported officers
55
Mission

THE RIGHT PLACE IS THE ECONOMIC DEVELOPMENT ORGANIZATION THAT DRIVES CURRENT AND LONG-TERM ECONOMIC PROSPERITY IN WEST MICHIGAN.

Executive compensation, broken down

Form 990 · Schedule J · 7 reported individuals · Filing year 2024

$593k
$638k
Base
$437k
Bonus
$100k
Other
Benefits
$10k
Assistant Treasurer & SVP Finance
senior vice president
$182k
$196k
Base
$156k
Bonus
$5k
Other
Benefits
$13k
VP Business Development
vice president
$182k
$195k
Base
$155k
Bonus
Other
Benefits
$19k
SVP of Strategic Initiatives
senior vice president
$180k
$193k
Base
$148k
Bonus
$5k
Other
Benefits
$19k
SVP of Community Development
senior vice president
$175k
$188k
Base
$146k
Bonus
$5k
Other
Benefits
$16k
SVP of Business Development
senior vice president
$166k
$179k
Base
$137k
Bonus
$5k
Other
Benefits
$17k
SVP Talent & Diversity
senior vice president
$166k
$178k
Base
$139k
Bonus
$5k
Other
Benefits
$14k

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 48 unpaid individuals.

Up 8%
from 2023

From $549k in 2023 to $593k in 2024.

$549k
2023
$593k
2024
In today's dollarsEst.
Up 5% in real terms$606k to $638k

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.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

THE RIGHT PLACE INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$9.2M
$10.2M
2023
$33.9M
$33.6M
2024
Total revenue and total expenses from IRS Form 990 filings.
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