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Filing year 2023

FUNCTIONAL INDUSTRIES INC

Buffalo, Minnesota·EIN 41-1223547·501(c)(3)
Total revenue
$5.6M
Total assets
$12.8M
Total expenses
$5.1M
Reported officers
12
Mission

TO CREATE AND PROMOTE INNOVATIVE OPPORTUNITIES THAT REVEAL THE NATURAL POTENTIAL OF EACH PERSON WE SERVE.

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 and CEO
Above 90th percentile
$334k
$365k
Base
$201k
Bonus
$12k
Other
$75k
Benefits
$45k
Chief Financial Officer
Median to 75th percentile
$159k
$174k
Base
$114k
Bonus
$3k
Other
Benefits
$42k
Vice President of Workforc
Board Vice President
Median to 75th percentile
$143k
$157k
Base
$104k
Bonus
$3k
Other
Benefits
$36k

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 9 unpaid individuals.

Funded by

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

Up 16%
from 2022

From $288k in 2022 to $334k in 2023.

$288k
2022
$334k
2023
In today's dollarsEst.
Up 13% in real terms$323k to $365k

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 16% from 2022 to 2023, while revenue rose 15%.

$288k in 2022 to $334k in 2023.
  • Chief Financial Officer pay rose 9% from 2022 to 2023.
  • Board Vice President pay rose 6% 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

FUNCTIONAL INDUSTRIES INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$4.9M
$5M
2022
$5.6M
$5.1M
2023
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about FUNCTIONAL INDUSTRIES INC

What does the Chief Executive Officer of FUNCTIONAL INDUSTRIES INC earn?

In 2023, the Chief Executive Officer of FUNCTIONAL INDUSTRIES INC received $333,741 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at FUNCTIONAL INDUSTRIES INC compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2023 pay of the Chief Executive Officer at FUNCTIONAL INDUSTRIES INC falls in the top 10%.

What are FUNCTIONAL INDUSTRIES INC's revenue and expenses?

In 2023, FUNCTIONAL INDUSTRIES INC reported $5.6M in total revenue and $5.1M in total expenses on its IRS Form 990.

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