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Filing year 2023

Minnesota Bankers Association

Eden Prairie, Minnesota·EIN 41-1329720·501(c)(6)
Total revenue
$3.8M
Total assets
$8M
Total expenses
$4M
Reported officers
18
Mission

Our mission is to provide quality products and services to our members and to ensure that they receive excellent value for their membership.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 7 reported individuals · Filing year 2023

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

President/ceo
Above 90th percentile
$510k
$557k
Base
$367k
Bonus
$75k
Other
Benefits
$45k
General Counsel
Key Employee
75th to 90th percentile
$275k
$300k
Base
$222k
Bonus
$14k
Other
Benefits
$22k
IT Consultant
Highest Compensated Employee
75th to 90th percentile
$241k
$263k
Base
$172k
Bonus
$42k
Other
Benefits
$11k
HR Director
Highest Compensated Employee
Median to 75th percentile
$169k
$185k
Base
$126k
Bonus
$10k
Other
Benefits
$22k
Director of Education
Highest Compensated Employee
25th percentile to median
$164k
$179k
Base
$142k
Bonus
$10k
Other
Benefits
$598
Compliance Consultant
Highest Compensated Employee
25th percentile to median
$151k
$165k
Base
$135k
Bonus
$6k
Other
Benefits
$10k
Senior Gr Manager
Highest Compensated Employee
25th percentile to median
$149k
$163k

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 11 unpaid individuals.

Up 6%
from 2022

From $483k in 2022 to $510k in 2023.

$483k
2022
$510k
2023
In today's dollarsEst.
Up 3% in real terms$542k to $557k

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 6% from 2022 to 2023, while revenue rose 6%.

$483k in 2022 to $510k in 2023.
  • Key Employee pay rose 3% from 2022 to 2023.
  • Highest Compensated Employee pay fell 3% from 2022 to 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

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

Revenue and expenses over time

Minnesota Bankers Association reported revenue and expenses across 2 filing years.

RevenueExpenses
$3.6M
$3.8M
2022
$3.8M
$4M
2023
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about Minnesota Bankers Association

What does the Chief Executive Officer of Minnesota Bankers Association earn?

In 2023, the Chief Executive Officer of Minnesota Bankers Association received $509,865 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 Minnesota Bankers Association compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2023 pay of the Chief Executive Officer at Minnesota Bankers Association falls in the top 10%.

What are Minnesota Bankers Association's revenue and expenses?

In 2023, Minnesota Bankers Association reported $3.8M in total revenue and $4M in total expenses on its IRS Form 990.

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