Skip to main content
Filing year 2023

VALDESE ECONOMIC DEVELOPMENT INVEST CORPORATION

Valdese, North Carolina·EIN 27-0301275·NTEE S32 · Community Improvement & Capacity Building·501(c)(3)
Total revenue
$358k
Total assets
$3.9M
Total expenses
$220k
Reported officers
21
Mission

TO ENGAGE IN CHARITABLE AND EDUCATIONAL EFFORTS AND SPECIFICALLY SUPPORT ECONOMIC DEVELOPMENT AND COMMUNITY DEVELOPMENT IN VALDESE NC AND BURKE COUNTY NC, THEREBY CREATING JOBS, INCREASING THE TAX BASE, AND IMPROVING QUALITY OF LIFE IN VALDESE NC AND BURKE COUNTY NC

Executive compensation

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 Community Improvement & Capacity Building organizations nationwide.

Director
Board Member
75th to 90th percentile
$76k
$83k

Teal figures restate each filed amount in 2026 dollars.

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

Plus 20 unpaid individuals.

Browse compensation in Community Improvement & Capacity Building

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at VALDESE ECONOMIC DEVELOPMENT INVEST CORPORATION equaled 35% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

This organization (2023)
35%
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.

Up 5%
from 2022

From $73k in 2022 to $76k in 2023.

$73k
2022
$76k
2023
In today's dollarsEst.
Up 1% in real terms$83k to $83k

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

Pay for the position

Board Member pay rose 5% from 2022 to 2023, while revenue rose 24%.

$73k in 2022 to $76k 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.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about VALDESE ECONOMIC DEVELOPMENT INVEST CORPORATION

What does the Board Member of VALDESE ECONOMIC DEVELOPMENT INVEST CORPORATION earn?

In 2023, the Board Member of VALDESE ECONOMIC DEVELOPMENT INVEST CORPORATION received $76,380 in total compensation. This pay is in the top quarter for Board Member roles among Community Improvement & Capacity Building organizations nationwide, though not the top 10% of comparable filings. Based on IRS Form 990 data.

How does Board Member pay at VALDESE ECONOMIC DEVELOPMENT INVEST CORPORATION compare with similar nonprofits?

Compared with the same role at Community Improvement & Capacity Building organizations nationwide, the 2023 pay of the Board Member at VALDESE ECONOMIC DEVELOPMENT INVEST CORPORATION falls between the 75th and 90th percentiles. In 2023, the highest total compensation at VALDESE ECONOMIC DEVELOPMENT INVEST CORPORATION equaled 35% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

What are VALDESE ECONOMIC DEVELOPMENT INVEST CORPORATION's revenue and expenses?

In 2023, VALDESE ECONOMIC DEVELOPMENT INVEST CORPORATION reported $358k in total revenue and $220k in total expenses on its IRS Form 990.

Free, forever
Build lists. Save your benchmarks.
A free Lucido account lets you build lists of nonprofits and save your search filters. No credit card.
Already a member? Sign in
Build a benchmark

Compare any role, sector, or revenue band

Build your own benchmark from millions of reported positions.