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Filing year 2024

MWE SCHOLARSHIP FUND

Grand Forks, North Dakota·EIN 47-7169542·NTEE T22 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)
Total revenue
$216k
Total assets
$7.3M
Total expenses
$388k
Reported officers
3

Executive compensation

Form 990-PF · Part VIII · 3 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at Philanthropy, Voluntarism & Grantmaking organizations nationwide.

President
Board President
25th percentile to median
$15k
$16k
Secretary/treasurer
Board Treasurer
Median to 75th percentile
$15k
$16k
Vice President
Board Vice President
25th percentile to median
$15k
$16k

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 Philanthropy, Voluntarism & Grantmaking

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at MWE SCHOLARSHIP FUND equaled 4% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

This organization (2024)
4%
Sector median
15%
Middle half of sector
5% to 24%

Based on 35,946 philanthropy, voluntarism & grantmaking organizations, each measured at its most recent filing year with reported expenses and compensation.

Grants paid

Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.

Total granted

$306k

Itemized grants

9

Median grant

$7k

RecipientLocationPurposeAmount
UNIVERSITY OF NORTH DAKOTAGRAND FORKS, NDSCHOLARSHIP$199k
NORTH DAKOTA STATE UNIVERSITYFARGO, NDSCHOLARSHIP$48k
IOWA STATE UNIVERSITYAMES, IASCHOLARSHIP$25k
CONCORDIA COLLEGEMOORHEAD, MNSCHOLARSHIP$8k
NORTHLAND COMMUNITY AND TECHNICAL COLLEGEEAST GRAND FORKS, MNSCHOLARSHIP$7k
JOSEPH'S SCHOOL OF HAIR DESIGNGRAND FORKS, NDSCHOLARSHIP$6k
NORTHERN STATE UNIVERSITYABERDEEN, SDSCHOLARSHIP$6k
UNIVERSITY OF MINNESOTAMINNEAPOLIS, MNSCHOLARSHIP$5k
LAKE REGIONDEVILS LAKE, NDSCHOLARSHIP$4k

Held steady
from 2023

From $15k in 2023 to $15k in 2024.

$15k
2023
$15k
2024
In today's dollarsEst.
Down 3% in real terms$17k to $16k

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.

Pay for the position

Board President pay held roughly steady from 2023 to 2024, while revenue fell 52%.

$15k in 2023 to $15k in 2024.
  • Board Treasurer pay held roughly steady from 2023 to 2024.
  • Board Vice President pay held roughly steady from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.

Among peers

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

FAQ

Common questions about MWE SCHOLARSHIP FUND

What does the Board President of MWE SCHOLARSHIP FUND earn?

In 2024, the Board President of MWE SCHOLARSHIP FUND received $15,000 in total compensation. This pay is below the median (the midpoint) for Board President roles among Philanthropy, Voluntarism & Grantmaking organizations nationwide, but above the bottom quarter of comparable filings. Based on IRS Form 990 data.

How does Board President pay at MWE SCHOLARSHIP FUND compare with similar nonprofits?

Compared with the same role at Philanthropy, Voluntarism & Grantmaking organizations nationwide, the 2024 pay of the Board President at MWE SCHOLARSHIP FUND falls between the 25th percentile and the median. In 2024, the highest total compensation at MWE SCHOLARSHIP FUND equaled 4% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

What are MWE SCHOLARSHIP FUND's revenue and expenses?

In 2024, MWE SCHOLARSHIP FUND reported $216k in total revenue and $388k in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.