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Filing year 2023

Minnesota Bankers Association

Eden Prairie, Minnesota·EIN 41-1329720·6
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 · Schedule J · 7 reported individuals · Filing year 2023

$510k
$557k
Base
$367k
Bonus
$75k
Other
Benefits
$45k
General Counsel
key employee
$275k
$300k
Base
$222k
Bonus
$14k
Other
Benefits
$22k
IT Consultant
highest compensated employee
$241k
$263k
Base
$172k
Bonus
$42k
Other
Benefits
$11k
HR Director
highest compensated employee
$169k
$185k
Base
$126k
Bonus
$10k
Other
Benefits
$22k
Director of Education
highest compensated employee
$164k
$179k
Base
$142k
Bonus
$10k
Other
Benefits
$598
Compliance Consultant
highest compensated employee
$151k
$165k
Base
$135k
Bonus
$6k
Other
Benefits
$10k
Senior Gr Manager
highest compensated employee
$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.

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.
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