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Filing year 2024

Growing Hope Foundation

Owatonna, Minnesota·EIN 27-0523799·NTEE K25 · Food, Agriculture & Nutrition·501(c)(3)
Total revenue
$89k
Total assets
$879k
Total expenses
$87k
Reported officers
6

Executive compensation

Form 990-PF · Part VIII · 4 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at Food, Agriculture & Nutrition organizations nationwide.

President/executive Director
Board President
75th to 90th percentile
$43k
$46k
Director
Unclassified
$800
$861
Director
Unclassified
$800
$861
Director (as of Sep 24)
Unclassified
$400
$430

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.

Plus 2 unpaid individuals.

Browse compensation in Food, Agriculture & Nutrition

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at Growing Hope Foundation equaled 49% of the organization's total expenses. The median for food, agriculture & nutrition organizations is 8%.

This organization (2024)
49%
Sector median
8%
Middle half of sector
3% to 19%

Based on 2,784 food, agriculture & nutrition 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

$7k

Itemized grants

2

Median grant

$3k

RecipientLocationPurposeAmount
Empower TanzaniaAmes, IAFocus on areas of education, economic development, health, and nutrition$5k
Sylvester Broome Empowerment VillageFlint, MIProvide mentoring programs to the youth of Flint, MI$2k
Compare this foundation's grantees

Up 5%
from 2023

From $41k in 2023 to $43k in 2024.

$41k
2023
$43k
2024
In today's dollarsEst.
Up 2% in real terms$45k to $46k

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.

Pay for the position

Board President pay rose 5% from 2023 to 2024, while revenue rose 6%.

$41k in 2023 to $43k 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.
Financial trend

Revenue and expenses over time

Growing Hope Foundation reported revenue and expenses across 2 filing years.

RevenueExpenses
$84k
$94k
2023
$89k
$87k
2024
Total revenue and total expenses from IRS Form 990 filings.

This is a private foundation. Peers are foundations of similar asset size (Under $1M), because foundation pay scales with assets under management, not revenue.

Sector benchmark

What Food, Agriculture & Nutrition executives earn in Minnesota

Comparable food, agriculture & nutrition organizations in Minnesota pay their highest-earning executive a median of $42,096.

25th percentile
$11k
Median
$42,096
75th percentile
$105k
90th percentile
$167k

These are food, agriculture & nutrition sector-wide figures, not this organization's reported pay. Based on 82 organizations across 82 filings (2020 – 2024).

See full Food, Agriculture & Nutrition pay data for Minnesota
FAQ

Common questions about Growing Hope Foundation

What does the Board President of Growing Hope Foundation earn?

In 2024, the Board President of Growing Hope Foundation received $43,004 in total compensation. This pay is in the top quarter for Board President roles among Food, Agriculture & Nutrition organizations nationwide, though not the top 10% of comparable filings. Based on IRS Form 990 data.

How does Board President pay at Growing Hope Foundation compare with similar nonprofits?

Compared with the same role at Food, Agriculture & Nutrition organizations nationwide, the 2024 pay of the Board President at Growing Hope Foundation falls between the 75th and 90th percentiles. In 2024, the highest total compensation at Growing Hope Foundation equaled 49% of the organization's total expenses. The median for food, agriculture & nutrition organizations is 8%.

What are Growing Hope Foundation's revenue and expenses?

In 2024, Growing Hope Foundation reported $89k in total revenue and $87k 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.