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Filing year 2023

MINNESOTA CHAMBER OF COMMERCE AND INDUSTRY

St Paul, Minnesota·EIN 41-0417210·501(c)(6)
Total revenue
$7.9M
Total assets
$10.3M
Total expenses
$7.8M
Reported officers
48
Mission

THE MINNESOTA CHAMBER OF COMMERCE PROACTIVELY LEADS THE BUSINESS COMMUNITY STATEWIDE TO: ADVANCE PRO-BUSINESS, RESPONSIBLE MINNESOTA PUBLIC POLICY THAT CREATES JOBS AND GROWS THE ECONONY; PROVDE MEMBER SERVICES TO ADDRESS EVOLVING BUSINESS NEEDS; BE NON PARTISAN

Executive compensation, broken down

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 nonprofits nationwide, across all sectors.

President/ceo
Above 90th percentile
$624k
$681k
Base
$374k
Bonus
$190k
Other
$9k
Benefits
$30k
Sr. Vice President
Board Vice President
Above 90th percentile
$340k
$371k
Base
$245k
Bonus
$43k
Other
$11k
Benefits
$27k
Vice President/cfo
75th to 90th percentile
$223k
$243k
Base
$161k
Bonus
$26k
Other
Benefits
$25k
Exec Dir Mn Chamber Fdn
Highest Compensated Employee
Median to 75th percentile
$202k
$220k
Base
$168k
Bonus
$18k
Other
$2k
Benefits
$4k
Director
Highest Compensated Employee
Median to 75th percentile
$196k
$214k
Base
$169k
Bonus
$6k
Other
Benefits
$10k
Vice President
Board Vice President
Median to 75th percentile
$195k
$213k
Base
$156k
Bonus
$11k
Other
Benefits
$18k
Vice President
Board Vice President
Median to 75th percentile
$180k
$197k
Base
$141k
Bonus
$23k
Other
Benefits
$7k
Vice President
Board Vice President
Median to 75th percentile
$172k
$188k
Base
$136k
Bonus
$23k
Other
Benefits
$5k

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 40 unpaid individuals.

Up 4%
from 2022

From $601k in 2022 to $624k in 2023.

$601k
2022
$624k
2023
In today's dollarsEst.
Up 1% in real terms$675k to $681k

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 4% from 2022 to 2023, while revenue rose 16%.

$601k in 2022 to $624k in 2023.
  • Board Vice President pay rose 1% from 2022 to 2023.
  • Highest Compensated Employee pay rose 5% 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 CHAMBER OF COMMERCE AND INDUSTRY reported revenue and expenses across 2 filing years.

RevenueExpenses
$6.9M
$6.6M
2022
$7.9M
$7.8M
2023
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about MINNESOTA CHAMBER OF COMMERCE AND INDUSTRY

What does the Chief Executive Officer of MINNESOTA CHAMBER OF COMMERCE AND INDUSTRY earn?

In 2023, the Chief Executive Officer of MINNESOTA CHAMBER OF COMMERCE AND INDUSTRY received $623,579 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 CHAMBER OF COMMERCE AND INDUSTRY 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 CHAMBER OF COMMERCE AND INDUSTRY falls in the top 10%.

What are MINNESOTA CHAMBER OF COMMERCE AND INDUSTRY's revenue and expenses?

In 2023, MINNESOTA CHAMBER OF COMMERCE AND INDUSTRY reported $7.9M in total revenue and $7.8M in total expenses on its IRS Form 990.

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