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Filing year 2024

WAYNE ECONOMIC DEVELOPMENT CORPORATION

Lyons, New York·EIN 16-0955314·NTEE S20 · Community Improvement & Capacity Building·501(c)(3)
Total revenue
$708k
Total assets
$7.2M
Total expenses
$663k
Reported officers
10
Mission

THE CORPORATION WAS FORMED TO LESSEN THE BURDENS OF GOVERNMENT AND ACT IN THE PUBLIC INTEREST; TO FACILITATE ECONOMIC ACTIVITIES THROUGHOUT WAYNE COUNTY, NY INCLUDING THE LOCATION AND EXPANSION OF CIVIC, INDUSTRIAL AND COMMERCIAL FACILITIES, THE CREATION OF NEW AND IMPROVED JOB OPPORTUNITIES, THE REDUCTION OF UNEMPLOYMENT AND THE IMPROVEMENT OF THE WELL-BEING OF ITS COMMUNITIES AND RESIDENTS.

Executive compensation

Form 990 · Part VII & Schedule J · 3 reported individuals · Filing year 2024

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

Deputy Director/coo
Director (Operational)
Below 10th percentile
$29k
$31k
Fiscal Officer/cfo
Officer (Unspecified)
$18k
$19k
Executive Director/ceo
Director (Operational)
Below 10th percentile
$8k
$9k

Teal figures restate each filed amount in 2026 dollars.

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

Plus 7 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 WAYNE ECONOMIC DEVELOPMENT CORPORATION equaled 4% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

This organization (2024)
4%
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.

Held steady
from 2023

From $28k in 2023 to $29k in 2024.

$28k
2023
$29k
2024
In today's dollarsEst.
Down 3% in real terms$32k to $31k

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

Pay for the position

Director (Operational) pay rose 1% from 2023 to 2024, while revenue fell 32%.

$28k in 2023 to $29k in 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 WAYNE ECONOMIC DEVELOPMENT CORPORATION

What does the Director (Operational) of WAYNE ECONOMIC DEVELOPMENT CORPORATION earn?

In 2024, the Director (Operational) of WAYNE ECONOMIC DEVELOPMENT CORPORATION received $28,534 in total compensation. This pay is in the bottom 10% for Director (Operational) roles among Community Improvement & Capacity Building organizations in New York: at least 9 in 10 comparable filings report more. Based on IRS Form 990 data.

How does Director (Operational) pay at WAYNE ECONOMIC DEVELOPMENT CORPORATION compare with similar nonprofits?

Compared with the same role at Community Improvement & Capacity Building organizations in New York, the 2024 pay of the Director (Operational) at WAYNE ECONOMIC DEVELOPMENT CORPORATION falls in the bottom 10%. In 2024, the highest total compensation at WAYNE ECONOMIC DEVELOPMENT CORPORATION equaled 4% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

What are WAYNE ECONOMIC DEVELOPMENT CORPORATION's revenue and expenses?

In 2024, WAYNE ECONOMIC DEVELOPMENT CORPORATION reported $708k in total revenue and $663k in total expenses on its IRS Form 990.

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