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Filing year 2023

INITIATIVE FOUNDATION

Little Falls, Minnesota·EIN 36-3451562·NTEE S400 · Community Improvement & Capacity Building·501(c)(3)
Total revenue
$10M
Total assets
$109M
Total expenses
$9.4M
Reported officers
20
Mission

TO EMPOWER PEOPLE TO BUILD THRIVING COMMUNITIES AND A VIBRANT REGION ACROSS CENTRAL MINNESOTA.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 5 reported individuals · Filing year 2023

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

Coo/cfo/treasurer (former)
Former Officer/director/trustee
75th to 90th percentile
$254k
$280k
Base
$205k
Bonus
Other
Benefits
$29k
Vice President for Communi
Board Vice President
Median to 75th percentile
$170k
$187k
Base
$146k
Bonus
Other
Benefits
$24k
President (former)
Former Officer/director/trustee
Median to 75th percentile
$153k
$169k
Base
$129k
Bonus
Other
$6k
Benefits
$18k
President
Median to 75th percentilevs Community Improvement & Capacity Building peers in Minnesota
$133k
$147k
CFO
Median to 75th percentile
$131k
$144k

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 15 unpaid individuals.

Browse compensation in Community Improvement & Capacity Building

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at INITIATIVE FOUNDATION equaled 3% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

This organization (2023)
3%
Sector median
14%
Middle half of sector
6% to 28%

Based on 10,247 community improvement & capacity building organizations, each measured at its most recent filing year with reported expenses and compensation.

Funded by

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

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about INITIATIVE FOUNDATION

What does the Former Officer/director/trustee of INITIATIVE FOUNDATION earn?

In 2023, the Former Officer/director/trustee of INITIATIVE FOUNDATION received $253,592 in total compensation. This pay is in the top quarter for Former Officer/director/trustee roles among Community Improvement & Capacity Building organizations nationwide, though not the top 10% of comparable filings. Based on IRS Form 990 data.

How does Former Officer/director/trustee pay at INITIATIVE FOUNDATION compare with similar nonprofits?

Compared with the same role at Community Improvement & Capacity Building organizations nationwide, the 2023 pay of the Former Officer/director/trustee at INITIATIVE FOUNDATION falls between the 75th and 90th percentiles. In 2023, the highest total compensation at INITIATIVE FOUNDATION equaled 3% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

What are INITIATIVE FOUNDATION's revenue and expenses?

In 2023, INITIATIVE FOUNDATION reported $10M in total revenue and $9.4M in total expenses on its IRS Form 990.

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