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Filing year 2024

MINNEAPOLIS HEART INSTITUTE FOUNDATION

Minneapolis, Minnesota·EIN 41-1426406·NTEE H43Z · Medical Research·501(c)(3)
Total revenue
$23.6M
Total assets
$74.5M
Total expenses
$19.5M
Reported officers
44
Mission

THE MISSION OF THE MINNEAPOLIS HEART INSTITUTE FOUNDATION IS TO IMPROVE THE CARDIOVASCULAR HEALTH OF INDIVIDUALS AND COMMUNITIES THROUGH INNOVATIVE RESEARCH AND EDUCATION.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 10 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at Medical Research organizations nationwide.

Chief Executive Officer
Above 90th percentile
$624k
$666k
Base
$394k
Bonus
$66k
Other
$258
Benefits
Vice President-advancement
Key Employee
Median to 75th percentile
$314k
$335k
Base
$217k
Bonus
$21k
Other
$90
Benefits
Vice President - Marketing & Communications
Board Vice President
Median to 75th percentile
$276k
$294k
Base
$185k
Bonus
$12k
Other
$138
Benefits
$36k
Vice President - Scientific Services
Board Vice President
Median to 75th percentile
$274k
$292k
Base
$181k
Bonus
$12k
Other
$60
Benefits
$14k
Chief Financial Officer
75th to 90th percentile
$265k
$282k
Base
$193k
Bonus
$13k
Other
$258
Benefits
$13k
Vice President - Research
Board Vice President
Median to 75th percentile
$261k
$279k
Base
$185k
Bonus
$18k
Other
$258
Benefits
Director of Advancement
Highest Compensated Employee
Median to 75th percentile
$221k
$235k
Base
$136k
Bonus
$29k
Other
$229
Benefits
$27k
Director of Data Science
Highest Compensated Employee
Median to 75th percentile
$217k
$231k
Base
$173k
Bonus
$12k
Other
$138
Benefits
$971
Program Director - Ccad
Director (Operational)
75th to 90th percentile
$214k
$229k
Base
$168k
Bonus
$16k
Other
$60
Benefits
Program Director - Circ
Director (Operational)
75th to 90th percentile
$209k
$223k
Base
$138k
Bonus
$26k
Other
$90
Benefits
$13k

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 34 unpaid individuals.

Browse compensation in Medical Research

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at MINNEAPOLIS HEART INSTITUTE FOUNDATION equaled 3% of the organization's total expenses. The median for medical research organizations is 10%.

This organization (2024)
3%
Sector median
10%
Middle half of sector
4% to 21%

Based on 1,118 medical research 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.

Up 4%
from 2023

From $599k in 2023 to $624k in 2024.

$599k
2023
$624k
2024
In today's dollarsEst.
Up 2% in real terms$655k to $666k

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 4% from 2023 to 2024, while revenue rose 65%.

$599k in 2023 to $624k in 2024.
  • Key Employee pay rose 2% from 2023 to 2024.
  • Board Vice President pay rose 8% 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.

Among peers

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

1
MINNEAPOLIS HEART INSTITUTE FOUNDATION2024
$624k
2
ESSENTIA INSTITUTE OF RURAL HEALTH2023
$312k
See full Executive Director compensation rankings across Medical Research
FAQ

Common questions about MINNEAPOLIS HEART INSTITUTE FOUNDATION

What does the Chief Executive Officer of MINNEAPOLIS HEART INSTITUTE FOUNDATION earn?

In 2024, the Chief Executive Officer of MINNEAPOLIS HEART INSTITUTE FOUNDATION received $624,319 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among Medical Research organizations nationwide: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at MINNEAPOLIS HEART INSTITUTE FOUNDATION compare with similar nonprofits?

Compared with the same role at Medical Research organizations nationwide, the 2024 pay of the Chief Executive Officer at MINNEAPOLIS HEART INSTITUTE FOUNDATION falls in the top 10%. In 2024, the highest total compensation at MINNEAPOLIS HEART INSTITUTE FOUNDATION equaled 3% of the organization's total expenses. The median for medical research organizations is 10%.

What are MINNEAPOLIS HEART INSTITUTE FOUNDATION's revenue and expenses?

In 2024, MINNEAPOLIS HEART INSTITUTE FOUNDATION reported $23.6M in total revenue and $19.5M in total expenses on its IRS Form 990.

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