Mission
Helping minority entrepreneurs succeed.
Executive compensation, broken down
Form 990 · Schedule J · 6 reported individuals · Filing year 2024
President & CEO
$404k
$431k
- Base
- $317k
- Bonus
- $60k
- Other
- $1k
- Benefits
- $16k
& Business Consulting Services
key employee
$253k
$270k
- Base
- $188k
- Bonus
- $36k
- Other
- $1k
- Benefits
- $28k
Director of Business Consulting
highest compensated employee
$164k
$175k
- Base
- $121k
- Bonus
- $5k
- Other
- $1k
- Benefits
- $34k
Cfo/vp of Finance & IT
officer (unspecified)
$136k
$145k
Manager - Mbda Business Center
highest compensated employee
$125k
$133k
Director of Operations
$105k
$112k
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
President & CEO | $317k | $60k | $1k | $16k | $404k $431k |
& Business Consulting Services key employee | $188k | $36k | $1k | $28k | $253k $270k |
Director of Business Consulting highest compensated employee | $121k | $5k | $1k | $34k | $164k $175k |
Cfo/vp of Finance & IT officer (unspecified) | — | — | — | — | $136k $145k |
Manager - Mbda Business Center highest compensated employee | — | — | — | — | $125k $133k |
Director of Operations | — | — | — | — | $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.
Up 28%
from 2023
From $316k in 2023 to $404k in 2024.
$316k
2023
$404k
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.
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.
Free, forever
Build lists. Save your benchmarks.
A free Lucido account lets you build lists of nonprofits and save your search filters. No credit card.
Create free account
Already a member? Sign in
Build a benchmark
Compare any role, sector, or revenue band
Build your own benchmark from millions of reported positions.