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Filing year 2023

MNIC Building Company

Minneapolis, Minnesota·EIN 86-3182133·NTEE W19 · Public & Societal Benefit·501(c)(3)
Total revenue
$219k
Total assets
$2.5M
Total expenses
$197k
Reported officers
4
Mission

To operate exclusively as a supporting organization to MNIC by seeking, purchasing and renovating for MNIC.

Executive compensation

Form 990 · Part VII & Schedule J · 4 reported individuals · Filing year 2023

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

Assistant Treasurer
Officer (Unspecified)
$21k
$23k
Chair & President/ceo
Board Chair
25th percentile to median
$16k
$18k
Treasurer/cfo
Officer (Unspecified)
$16k
$17k
Vice-chair, Secretary
Officer (Unspecified)
$5k
$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.

Browse compensation in Public & Societal Benefit

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at MNIC Building Company equaled 11% of the organization's total expenses. The median for public & societal benefit organizations is 10%.

This organization (2023)
11%
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.

Up 112%
from 2022

From $10k in 2022 to $21k in 2023.

$10k
2022
$21k
2023
In today's dollarsEst.
Up 107% in real terms$11k to $23k

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 Chair pay rose 61% from 2022 to 2023, while revenue fell 15%.

$10k in 2022 to $16k in 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 MNIC Building Company

What does the Board Chair of MNIC Building Company earn?

In 2023, the Board Chair of MNIC Building Company received $16,058 in total compensation. This pay is below the median (the midpoint) for Board Chair roles among Public & Societal Benefit organizations nationwide, but above the bottom quarter of comparable filings. Based on IRS Form 990 data.

How does Board Chair pay at MNIC Building Company compare with similar nonprofits?

Compared with the same role at Public & Societal Benefit organizations nationwide, the 2023 pay of the Board Chair at MNIC Building Company falls between the 25th percentile and the median. In 2023, the highest total compensation at MNIC Building Company equaled 11% of the organization's total expenses. The median for public & societal benefit organizations is 10%.

What are MNIC Building Company's revenue and expenses?

In 2023, MNIC Building Company reported $219k in total revenue and $197k in total expenses on its IRS Form 990.

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