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Filing year 2024

HERMANTOWN CHAMBER OF COMMERCE INC

Hermantown, Minnesota·EIN 41-1782426·NTEE S41 · Community Improvement & Capacity Building·6
Total revenue
$313k
Total assets
$125k
Total expenses
$250k
Reported officers
19
Mission

BE THE VOICE OF BUSINESS BY CONNECTING, EDUCATING, AND SUPPORTING OUR MEMBERS' COMMUNITIES.

Executive compensation

Form 990 · Schedule J · 1 reported individual · Filing year 2024

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

President/ce
25th percentile to median
$76k
$82k

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 18 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 HERMANTOWN CHAMBER OF COMMERCE INC equaled 30% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

This organization (2024)
30%
Sector median
14%
Middle half of sector
6% to 28%

Based on 10,143 community improvement & capacity building organizations, each measured at its most recent filing year with reported expenses and compensation.

Up 12%
from 2023

From $68k in 2023 to $76k in 2024.

$68k
2023
$76k
2024
In today's dollarsEst.
Up 9% in real terms$75k to $82k

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

Chief Executive Officer pay rose 12% from 2023 to 2024, while revenue rose 50%.

$68k in 2023 to $76k 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 HERMANTOWN CHAMBER OF COMMERCE INC

What does the Chief Executive Officer of HERMANTOWN CHAMBER OF COMMERCE INC earn?

In 2024, the Chief Executive Officer of HERMANTOWN CHAMBER OF COMMERCE INC received $76,000 in total compensation. This pay is below the median (the midpoint) for Chief Executive Officer roles among Community Improvement & Capacity Building organizations in Minnesota, but above the bottom quarter of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at HERMANTOWN CHAMBER OF COMMERCE INC compare with similar nonprofits?

Compared with the same role at Community Improvement & Capacity Building organizations in Minnesota, the 2024 pay of the Chief Executive Officer at HERMANTOWN CHAMBER OF COMMERCE INC falls between the 25th percentile and the median. In 2024, the highest total compensation at HERMANTOWN CHAMBER OF COMMERCE INC equaled 30% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

What are HERMANTOWN CHAMBER OF COMMERCE INC's revenue and expenses?

In 2024, HERMANTOWN CHAMBER OF COMMERCE INC reported $313k in total revenue and $250k in total expenses on its IRS Form 990.

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