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Filing year 2024

UNION COUNTY ECONOMIC DEVELOPMENT CORP

Cranford, New Jersey·EIN 22-2155884·NTEE S310 · Community Improvement & Capacity Building·501(c)(3)
Total revenue
$4.2M
Total assets
$26.8M
Total expenses
$4.2M
Reported officers
25
Mission

PROMOTE & DEVELOP ECONOMIC GROWTH IN NEW JERSEY BY PROVIDING FINANCIAL AND TECHNICAL ASSISTANCE TO SMALL BUSINESSES.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 8 reported individuals · Filing year 2024

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

President
75th to 90th percentilevs Community Improvement & Capacity Building peers in New Jersey
$277k
$299k
Base
$224k
Bonus
$25k
Other
$6k
Benefits
$9k
Executive Vice-president
Median to 75th percentilevs Community Improvement & Capacity Building peers in New Jersey
$202k
$218k
Base
$153k
Bonus
$12k
Other
Benefits
$28k
Controller
75th to 90th percentile
$194k
$210k
Base
$148k
Bonus
$10k
Other
Benefits
$28k
Vice-president Lending
Median to 75th percentilevs Community Improvement & Capacity Building peers in New Jersey
$194k
$210k
Base
$164k
Bonus
$12k
Other
Benefits
$10k
Sr. Director of Loan Program
Director (Operational)
75th to 90th percentile
$154k
$166k
Base
$135k
Bonus
$8k
Other
Benefits
$3k
Director of Training
Highest Compensated Employee
10th to 25th percentile
$118k
$128k
Director of Microlending
Highest Compensated Employee
10th to 25th percentile
$117k
$127k
Director of Procurement
Highest Compensated Employee
10th to 25th percentile
$107k
$115k

Teal figures restate each filed amount in 2026 dollars.

Estimated with New York-Newark-Jersey City, NY-NJ-PA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 17 unpaid individuals.

Browse compensation in Community Improvement & Capacity Building

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at UNION COUNTY ECONOMIC DEVELOPMENT CORP equaled 7% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

This organization (2024)
7%
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.

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

Up 2%
from 2023

From $272k in 2023 to $277k in 2024.

$272k
2023
$277k
2024
In today's dollarsEst.
Down 2% in real terms$306k to $299k

Estimated with New York-Newark-Jersey City, NY-NJ-PA metro-area CPI-U, 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 2% from 2023 to 2024, while revenue fell 12%.

$272k in 2023 to $277k in 2024.
  • Controller pay rose 15% from 2023 to 2024.
  • Director (Operational) pay fell 19% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

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 UNION COUNTY ECONOMIC DEVELOPMENT CORP

What does the Chief Executive Officer of UNION COUNTY ECONOMIC DEVELOPMENT CORP earn?

In 2024, the Chief Executive Officer of UNION COUNTY ECONOMIC DEVELOPMENT CORP received $276,645 in total compensation. This pay is in the top quarter for Chief Executive Officer roles among Community Improvement & Capacity Building organizations in New Jersey, though not the top 10% of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at UNION COUNTY ECONOMIC DEVELOPMENT CORP compare with similar nonprofits?

Compared with the same role at Community Improvement & Capacity Building organizations in New Jersey, the 2024 pay of the Chief Executive Officer at UNION COUNTY ECONOMIC DEVELOPMENT CORP falls between the 75th and 90th percentiles. In 2024, the highest total compensation at UNION COUNTY ECONOMIC DEVELOPMENT CORP equaled 7% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

What are UNION COUNTY ECONOMIC DEVELOPMENT CORP's revenue and expenses?

In 2024, UNION COUNTY ECONOMIC DEVELOPMENT CORP reported $4.2M in total revenue and $4.2M in total expenses on its IRS Form 990.

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