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Filing year 2023

BESTPREP

Brooklyn Park, Minnesota·EIN 41-1265355·501(c)(3)
Total revenue
$2.7M
Total assets
$2.6M
Total expenses
$2.4M
Reported officers
61
Mission

TO BEST PREPARE MINNESOTA STUDENTS WITH BUSINESS, CAREER AND FINANCIAL LITERACY SKILLS THROUGH EXPERIENCES THAT INSPIRE SUCCESS IN WORK AND LIFE.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 3 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

President & CEO
75th to 90th percentile
$267k
$292k
Base
$267k
Bonus
Other
Benefits
VP External Relations
Vice President
Median to 75th percentile
$115k
$125k
VP Finance & Technology
Vice President
Median to 75th percentile
$102k
$111k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Minneapolis-St.Paul-Bloomington, MN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 58 unpaid individuals.

Funded by

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

Up 4%
from 2022

From $256k in 2022 to $267k in 2023.

$256k
2022
$267k
2023
In today's dollarsEst.
Up 2% in real terms$287k to $292k

Estimated with Minneapolis-St.Paul-Bloomington, MN-WI 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 4% from 2022 to 2023, while revenue rose 9%.

$256k in 2022 to $267k in 2023.
  • Vice President pay rose 2% from 2022 to 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

BESTPREP reported revenue and expenses across 2 filing years.

RevenueExpenses
$2.4M
$2.2M
2022
$2.7M
$2.4M
2023
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about BESTPREP

What does the Chief Executive Officer of BESTPREP earn?

In 2023, the Chief Executive Officer of BESTPREP received $267,287 in total compensation. This pay is in the top quarter for Chief Executive Officer roles among nonprofits nationwide, across all sectors, though not the top 10% of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at BESTPREP compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2023 pay of the Chief Executive Officer at BESTPREP falls between the 75th and 90th percentiles.

What are BESTPREP's revenue and expenses?

In 2023, BESTPREP reported $2.7M in total revenue and $2.4M in total expenses on its IRS Form 990.

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