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Filing year 2023

Mankato Area Foundation

Mankato, Minnesota·EIN 41-0011094·3
Total revenue
$7.1M
Total assets
$34.4M
Total expenses
$5.3M
Reported officers
22
Mission

The Mankato Area Foundation is a trusted resource that connects donors with causes they care about, provides funding to enhance our region and serves as a collaborative community partner.

Executive compensation

Form 990 · Schedule J · 3 reported individuals · Filing year 2023

$134k
$148k
VP of Philanthropy
vice president
$109k
$120k
Finance Director
$85k
$94k

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 19 unpaid individuals.

Up 3%
from 2022

From $131k in 2022 to $134k in 2023.

$131k
2022
$134k
2023
In today's dollarsEst.
Down 1% in real terms$150k to $148k

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.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

Mankato Area Foundation reported revenue and expenses across 2 filing years.

RevenueExpenses
$5.8M
$4.4M
2022
$7.1M
$5.3M
2023
Total revenue and total expenses from IRS Form 990 filings.
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