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Filing year 2024

Metropolitan Economic Development Association

Minneapolis, Minnesota·EIN 41-0977257·501(c)(3)
Total revenue
$15.5M
Total assets
$63.5M
Total expenses
$8.7M
Reported officers
39
Mission

Helping minority entrepreneurs succeed.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 6 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

President & CEO
Above 90th percentile
$404k
$431k
Base
$317k
Bonus
$60k
Other
$1k
Benefits
$16k
& Business Consulting Services
Key Employee
Median to 75th percentile
$253k
$270k
Base
$188k
Bonus
$36k
Other
$1k
Benefits
$28k
Director of Business Consulting
Highest Compensated Employee
25th percentile to median
$164k
$175k
Base
$121k
Bonus
$5k
Other
$1k
Benefits
$34k
Cfo/vp of Finance & IT
Officer (Unspecified)
$136k
$145k
Manager - Mbda Business Center
Business Manager
25th percentile to median
$125k
$133k
Director of Operations
25th percentile to median
$105k
$112k

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 33 unpaid individuals.

Funded by

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

Up 28%
from 2023

From $316k in 2023 to $404k in 2024.

$316k
2023
$404k
2024
In today's dollarsEst.
Up 25% in real terms$345k to $431k

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.

Pay for the position

Chief Executive Officer pay rose 28% from 2023 to 2024, while revenue rose 67%.

$316k in 2023 to $404k in 2024.
  • Key Employee pay fell 5% from 2023 to 2024.
  • Highest Compensated Employee pay rose 32% from 2023 to 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

Metropolitan Economic Development Association reported revenue and expenses across 2 filing years.

RevenueExpenses
$9.3M
$8.1M
2023
$15.5M
$8.7M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about Metropolitan Economic Development Association

What does the Chief Executive Officer of Metropolitan Economic Development Association earn?

In 2024, the Chief Executive Officer of Metropolitan Economic Development Association received $403,945 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at Metropolitan Economic Development Association compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at Metropolitan Economic Development Association falls in the top 10%.

What are Metropolitan Economic Development Association's revenue and expenses?

In 2024, Metropolitan Economic Development Association reported $15.5M in total revenue and $8.7M in total expenses on its IRS Form 990.

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