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 Philanthropy, Voluntarism & Grantmaking organizations in Minnesota.
| Position | Total |
|---|---|
President & CEO Above 90th percentile | $330k $352k |
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 11 unpaid individuals.
Browse compensation in Philanthropy, Voluntarism & Grantmaking →
Top pay as a share of expenses
In 2024, the highest total compensation at Jerome Foundation Inc equaled 6% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.
Based on 35,946 philanthropy, voluntarism & grantmaking 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
$5.3M
Itemized grants
168
Median grant
$25k
| Recipient | Location | Purpose | Amount |
|---|---|---|---|
| Springboard for the Arts | Saint Paul, MN | Support for the MN Emergency Relief Project from April 2025 to April 2027. | $200k |
| The MAP Fund | New York, NY | Support for the Scaffolding for Practicing Artists (SPA) program for Jerome Hill Artist Fellows. | $188k |
| Color Congress | San Francisco, CA | Support Minnesota- and New York City-based organizations in its Resilience Fund. | $100k |
| Foundation for Contemporary Arts | New York, NY | Support for the Emergency Grants program assisting urgent, project-related emergencies. | $100k |
| Minneapolis College of Art and Design | Minneapolis, MN | Support for visual artists in the MCAD-Jerome Foundation Fellowships for Early Career Artists program. | $100k |
| Minnesota Historical Society | Saint Paul, MN | Support for archival integration and digitization and expanded access to the Jerome Hill collection. | $100k |
| American Composers Forum | Saint Paul, MN | Support for composers in the ACF | Create program. | $88k |
| Loft Inc | Minneapolis, MN | Support for literary artists in the Mentor Series program. | $88k |
| Playwrights' Center | Minneapolis, MN | Support for playwrights in the Jerome Fellowship, Many Voices Fellowship, and Many Voices Mentorship programs. | $88k |
| Queens Museum | Flushing, NY | Support for visual artists in the QM-Jerome Foundation Fellowship for Emerging Artists program. | $87k |
| The Cedar Cultural Center | Minneapolis, MN | Support for performing artists and composers in the Cedar Commissions program. | $80k |
| Roulette Intermedium | Brooklyn, NY | Support for composers in the Commissions and Residencies Program. | $65k |
| First Peoples Fund | Rapid City, SD | Support for grants and professional development opportunities for early career artists. | $60k |
| Movement Research | New York, NY | Support for the Artist-in-Residence (AIR) program. | $51k |
| Brooklyn Arts Exchange | Brooklyn, NY | Support for Artist in Residence (AIR), Space Grants, EmergeNYC, and Drag Performance: Between & Beyond Gender programs. | $48k |
| Asian American Writers' Workshop | New York, NY | Support for writers working on a book-length project in any genre in the Margins Fellowship program. | $45k |
| Cave Canem | Brooklyn, NY | Support for poets in the Cave Canem Regional Workshops and Regional Workshop Readings programs. | $45k |
| M3 Musicians Incdba Mutual Mentorship for Musicians (M) | New York, NY | Support for composers in the M Cohort program. | $45k |
| Minnesota Museum of American Art | Saint Paul, MN | Support for visual artists in the Queering Indigeneity exhibition and the Here Now program. | $45k |
| Pioneers Go East Collective | New York City, NY | Support for choreographers, performing artists, and interdisciplinary media artists in the NEXT! MENTORSHIP program. | $45k |
| The Laundromat Project | Brooklyn, NY | Support for artists in the Create Change Residency Program. | $45k |
| Firelight Media | New York, NY | Support for nonfiction filmmakers in the Documentary Lab program. | $44k |
| Bronx Documentary Center | Bronx, NY | Support for filmmakers in the BDC Films Program. | $40k |
| More Than a Single Story | St Paul, MN | Support for literary artists in the Black Writers Mentorship Program. | $40k |
| National Black Theatre | New York, NY | Support for playwrights in the I am Soul Playwright Residency program. | $40k |
Up 7%
from 2023
From $308k in 2023 to $330k in 2024.
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.
Chief Executive Officer pay rose 7% from 2023 to 2024, while revenue fell 18%.
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 ($50M - $150M), 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 Jerome Foundation Inc
What does the Chief Executive Officer of Jerome Foundation Inc earn?
In 2024, the Chief Executive Officer of Jerome Foundation Inc received $330,009 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among Philanthropy, Voluntarism & Grantmaking organizations in Minnesota: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.
How does Chief Executive Officer pay at Jerome Foundation Inc compare with similar nonprofits?
Compared with the same role at Philanthropy, Voluntarism & Grantmaking organizations in Minnesota, the 2024 pay of the Chief Executive Officer at Jerome Foundation Inc falls in the top 10%. In 2024, the highest total compensation at Jerome Foundation Inc equaled 6% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.
What are Jerome Foundation Inc's revenue and expenses?
In 2024, Jerome Foundation Inc reported $12.6M in total revenue and $5.2M in total expenses on its IRS Form 990.
Compare any role, sector, or revenue band
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This is a private foundation. Peers are foundations of similar asset size ($50M - $150M), because foundation pay scales with assets under management, not revenue.
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