TO PROMOTE SMALL BUSINESS & JOBS
Executive compensation, broken down
Form 990 · Part VII & Schedule J · 18 reported individuals · Filing year 2023
Percentile bands compare each position's total pay with the same role at Community Improvement & Capacity Building organizations nationwide.
- Base
- $351k
- Bonus
- —
- Other
- —
- Benefits
- —
- Base
- $259k
- Bonus
- —
- Other
- —
- Benefits
- —
- Base
- $158k
- Bonus
- —
- Other
- —
- Benefits
- —
- Base
- $150k
- Bonus
- —
- Other
- —
- Benefits
- —
- Base
- $138k
- Bonus
- —
- Other
- —
- Benefits
- —
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
Former President & Ceo/boa Above 90th percentilevs Community Improvement & Capacity Building peers in Minnesota | $351k | — | — | — | $380k $420k |
President & CEO Above 90th percentilevs Community Improvement & Capacity Building peers in Minnesota | $259k | — | — | — | $304k $336k |
Vice President Business De Board Vice President Median to 75th percentile | $158k | — | — | — | $192k $212k |
Vice President Business De Board Vice President Median to 75th percentile | $150k | — | — | — | $185k $205k |
Vice President Business De Board Vice President Median to 75th percentile | $138k | — | — | — | $177k $196k |
Vice President, Loan Portf Vice President Median to 75th percentile | — | — | — | — | $144k $159k |
Chief Credit Officer Officer (Unspecified) | — | — | — | — | $126k $139k |
Chairman Board Chair 25th percentile to median | — | — | — | — | $7k $8k |
Treasurer Below 10th percentile | — | — | — | — | $5k $5k |
Vice Chair Board Vice Chair 25th percentile to median | — | — | — | — | $5k $5k |
Board Member 10th to 25th percentile | — | — | — | — | $5k $5k |
Secretary Secretary (Operational) 10th to 25th percentile | — | — | — | — | $5k $5k |
Board Member 10th to 25th percentile | — | — | — | — | $4k $4k |
Board Member 10th to 25th percentile | — | — | — | — | $4k $4k |
Board Member 10th to 25th percentile | — | — | — | — | $4k $4k |
Board Member 10th to 25th percentile | — | — | — | — | $4k $4k |
Board Member 10th to 25th percentile | — | — | — | — | $4k $4k |
Board Member 10th to 25th percentile | — | — | — | — | $4k $4k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Browse compensation in Community Improvement & Capacity Building →
Top pay as a share of expenses
In 2023, the highest total compensation at MINNESOTA BUSINESS FINANCE CORPORATION equaled 11% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.
Based on 10,247 community improvement & capacity building organizations, each measured at its most recent filing year with reported expenses and compensation.
Up 5%
from 2022
From $362k in 2022 to $380k in 2023.
Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Chief Executive Officer pay rose 5% from 2022 to 2023, while revenue rose 1%.
- Board Vice President pay fell 4% from 2022 to 2023.
- Vice President pay rose 6% from 2022 to 2023.
Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.
Among peers
Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.
Common questions about MINNESOTA BUSINESS FINANCE CORPORATION
What does the Chief Executive Officer of MINNESOTA BUSINESS FINANCE CORPORATION earn?
In 2023, the Chief Executive Officer of MINNESOTA BUSINESS FINANCE CORPORATION received $380,146 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among Community Improvement & Capacity Building organizations in Minnesota: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.
How does Chief Executive Officer pay at MINNESOTA BUSINESS FINANCE CORPORATION compare with similar nonprofits?
Compared with the same role at Community Improvement & Capacity Building organizations in Minnesota, the 2023 pay of the Chief Executive Officer at MINNESOTA BUSINESS FINANCE CORPORATION falls in the top 10%. In 2023, the highest total compensation at MINNESOTA BUSINESS FINANCE CORPORATION equaled 11% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.
What are MINNESOTA BUSINESS FINANCE CORPORATION's revenue and expenses?
In 2023, MINNESOTA BUSINESS FINANCE CORPORATION reported $4.3M in total revenue and $3.5M in total expenses on its IRS Form 990.
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