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Filing year 2023

MINNESOTA CHAMBER FOUNDATION

St Paul, Minnesota·EIN 41-1453093·NTEE W11 · Public & Societal Benefit·501(c)(3)
Total revenue
$1.4M
Total assets
$880k
Total expenses
$1.4M
Reported officers
22
Mission

THE ORGANIZATION'S MISSION IS TO BRING STAKEHOLDERS TOGETHER TO PROMOTE PROSPERITY AND LONG-TERM GROWTH OF MINNESOTA'S ECONOMY.

Executive compensation

Form 990 · Part VII & Schedule J · 8 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at Public & Societal Benefit organizations nationwide.

President/ceo
Board President
Median to 75th percentile
$32k
$34k
Sr. Vice President
Board Vice President
10th to 25th percentile
$29k
$32k
Vice President/cfo
10th to 25th percentile
$25k
$28k
Director
Highest Compensated Employee
Below 10th percentile
$18k
$20k
Vice President
Board Vice President
10th to 25th percentile
$15k
$16k
Executive Director
Below 10th percentile
$13k
$14k
Vice President
Board Vice President
10th to 25th percentile
$11k
$13k
Vice President
Board Vice President
Below 10th percentile
$10k
$11k

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 14 unpaid individuals.

Browse compensation in Public & Societal Benefit

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at MINNESOTA CHAMBER FOUNDATION equaled 2% of the organization's total expenses. The median for public & societal benefit organizations is 10%.

This organization (2023)
2%
Sector median
10%
Middle half of sector
4% to 22%

Based on 2,608 public & societal benefit 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 34%
from 2022

From $48k in 2022 to $32k in 2023.

$48k
2022
$32k
2023
In today's dollarsEst.
Down 36% in real terms$54k to $34k

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

Board President pay fell 34% from 2022 to 2023, while revenue rose 11%.

$48k in 2022 to $32k in 2023.
  • Board Vice President pay fell 29% from 2022 to 2023.
  • Chief Executive Officer pay fell 17% 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.

Among peers

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

FAQ

Common questions about MINNESOTA CHAMBER FOUNDATION

What does the Board President of MINNESOTA CHAMBER FOUNDATION earn?

In 2023, the Board President of MINNESOTA CHAMBER FOUNDATION received $31,566 in total compensation. This pay is above the median (the midpoint) for Board President roles among Public & Societal Benefit organizations nationwide, within the top half of comparable filings. Based on IRS Form 990 data.

How does Board President pay at MINNESOTA CHAMBER FOUNDATION compare with similar nonprofits?

Compared with the same role at Public & Societal Benefit organizations nationwide, the 2023 pay of the Board President at MINNESOTA CHAMBER FOUNDATION falls between the median and the 75th percentile. In 2023, the highest total compensation at MINNESOTA CHAMBER FOUNDATION equaled 2% of the organization's total expenses. The median for public & societal benefit organizations is 10%.

What are MINNESOTA CHAMBER FOUNDATION's revenue and expenses?

In 2023, MINNESOTA CHAMBER FOUNDATION reported $1.4M in total revenue and $1.4M in total expenses on its IRS Form 990.

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