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Filing year 2024

MINNEAPOLIS REGIONAL CHAMBER DEVELOPMENT FOUNDATION

Minneapolis, Minnesota·EIN 36-3468708·NTEE S20Z · Community Improvement & Capacity Building·501(c)(3)
Total revenue
$1.7M
Total assets
$533k
Total expenses
$1.9M
Reported officers
6
Mission

THE MISSION OF THE MINNEAPOLIS REGIONAL CHAMBER DEVELOPMENT FOUNDATION IS TO OFFER INNOVATIVE WAYS OF REDUCING UNEMPLOYMENT, IMPROVE EDUCATIONAL OPPORTUNITIES FOR DISADVANTAGED YOUTH, INITIATE AND CONDUCT LEADERSHIP DEVELOPMENT PROGRAMS AND PROMOTE EFFORTS THAT ENHANCE THE QUALITY OF LIFE AND LEADERSHIP SKILLS IN THE MINNEAPOLIS AND ST. PAUL AREAS.

Executive compensation

Form 990 · Part VII & Schedule J · 3 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at Community Improvement & Capacity Building organizations in Minnesota.

Former President & CEO
10th to 25th percentile
$23k
$24k
President & CEO
Below 10th percentile
$621
$663
Interim President & CEO
Below 10th percentile
$621
$663

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 3 unpaid individuals.

Browse compensation in Community Improvement & Capacity Building

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at MINNEAPOLIS REGIONAL CHAMBER DEVELOPMENT FOUNDATION equaled 1% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

This organization (2024)
1%
Sector median
14%
Middle half of sector
6% to 28%

Based on 10,247 community improvement & capacity building 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.

Down 47%
from 2023

From $43k in 2023 to $23k in 2024.

$43k
2023
$23k
2024
In today's dollarsEst.
Down 48% in real terms$47k to $24k

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 fell 47% from 2023 to 2024, while revenue rose 4%.

$43k in 2023 to $23k in 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.

FAQ

Common questions about MINNEAPOLIS REGIONAL CHAMBER DEVELOPMENT FOUNDATION

What does the Chief Executive Officer of MINNEAPOLIS REGIONAL CHAMBER DEVELOPMENT FOUNDATION earn?

In 2024, the Chief Executive Officer of MINNEAPOLIS REGIONAL CHAMBER DEVELOPMENT FOUNDATION received $22,800 in total compensation. This pay is in the bottom quarter for Chief Executive Officer roles among Community Improvement & Capacity Building organizations in Minnesota, above the lowest 10% of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at MINNEAPOLIS REGIONAL CHAMBER DEVELOPMENT FOUNDATION compare with similar nonprofits?

Compared with the same role at Community Improvement & Capacity Building organizations in Minnesota, the 2024 pay of the Chief Executive Officer at MINNEAPOLIS REGIONAL CHAMBER DEVELOPMENT FOUNDATION falls between the 10th and 25th percentiles. In 2024, the highest total compensation at MINNEAPOLIS REGIONAL CHAMBER DEVELOPMENT FOUNDATION equaled 1% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

What are MINNEAPOLIS REGIONAL CHAMBER DEVELOPMENT FOUNDATION's revenue and expenses?

In 2024, MINNEAPOLIS REGIONAL CHAMBER DEVELOPMENT FOUNDATION reported $1.7M in total revenue and $1.9M in total expenses on its IRS Form 990.

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