Executive compensation
Form 990-PF · Part VIII · 1 reported individual · Filing year 2024
Percentile bands compare each position's total pay with the same role at Education organizations nationwide.
| Position | Total |
|---|---|
Trustee Board Member 10th to 25th percentile | $3k $3k |
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.
Top pay as a share of expenses
In 2024, the highest total compensation at DON AND MARCELLA MCCORMICK SCHOLARSHIP FIRST BANK AND TRUST equaled 17% of the organization's total expenses. The median for education organizations is 7%.
Based on 26,320 education organizations, each measured at its most recent filing year with reported expenses and compensation.
Grants paid
Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.
Total granted
$13k
Itemized grants
14
Median grant
$1k
| Recipient | Location | Purpose | Amount |
|---|---|---|---|
| ABBEY ALLEN | SIOUX FALLS, SD | EDUCATION | $1k |
| ABIGAIL MORSE | BROOKINGS, SD | EDUCATION | $1k |
| AYLA MCDONALD | SIOUX FALLS, SD | EDUCATION | $1k |
| BRYCELYN WOLFF | WATERTOWN, SD | EDUCATION | $1k |
| CHASE MCDONALD | SIOUX FALLS, SD | EDUCATION | $1k |
| ELIJAH OLSON | SIOUX FALLS, SD | EDUCATION | $1k |
| EMMETT BROWN | MADISON, SD | EDUCATION | $1k |
| ISAIAH OUVERSON | WATERTOWN, SD | EDUCATION | $1k |
| NATHAN RICKIE | BROOKINGS, SD | EDUCATION | $1k |
| MARGARET ENGEBRETSON | SIOUX FALLS, SD | EDUCATION | $1k |
| LAUREN ROBERTS | BROOKINGS, SD | EDUCATION | $1k |
| MAXON BRUNS | MADISON, SD | EDUCATION | $1k |
| GEORGIANNA KOLBECK | MADISON, SD | EDUCATION | $1k |
| ELIZABETH SELMAN | RAPID CITY, SD | REIMB PRIOR YR SCHOLARSHIP | -$500 |
Board Member pay held roughly steady from 2023 to 2024, while revenue rose 17%.
Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.
This is a private foundation. Peers are foundations of similar asset size (Under $1M), because foundation pay scales with assets under management, not revenue.
Among peers
Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.
Common questions about DON AND MARCELLA MCCORMICK SCHOLARSHIP FIRST BANK AND TRUST
What does the Board Member of DON AND MARCELLA MCCORMICK SCHOLARSHIP FIRST BANK AND TRUST earn?
In 2024, the Board Member of DON AND MARCELLA MCCORMICK SCHOLARSHIP FIRST BANK AND TRUST received $3,000 in total compensation. This pay is in the bottom quarter for Board Member roles among Education organizations nationwide, above the lowest 10% of comparable filings. Based on IRS Form 990 data.
How does Board Member pay at DON AND MARCELLA MCCORMICK SCHOLARSHIP FIRST BANK AND TRUST compare with similar nonprofits?
Compared with the same role at Education organizations nationwide, the 2024 pay of the Board Member at DON AND MARCELLA MCCORMICK SCHOLARSHIP FIRST BANK AND TRUST falls between the 10th and 25th percentiles. In 2024, the highest total compensation at DON AND MARCELLA MCCORMICK SCHOLARSHIP FIRST BANK AND TRUST equaled 17% of the organization's total expenses. The median for education organizations is 7%.
What are DON AND MARCELLA MCCORMICK SCHOLARSHIP FIRST BANK AND TRUST's revenue and expenses?
In 2024, DON AND MARCELLA MCCORMICK SCHOLARSHIP FIRST BANK AND TRUST reported $12k in total revenue and $18k in total expenses on its IRS Form 990.
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This is a private foundation. Peers are foundations of similar asset size (Under $1M), because foundation pay scales with assets under management, not revenue.
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