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Filing year 2024

NEW ULM CHAMBER OF COMMERCE

New Ulm, Minnesota·EIN 41-0632848·6
Total revenue
$644k
Total assets
$1.3M
Total expenses
$544k
Reported officers
14
Mission

TO PROMOTE COMMERCE WITHIN THE CITY OF NEW ULM AND SURROUNDING AREA.

Executive compensation

Form 990 · Schedule J · 1 reported individual · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

CEO
25th percentile to median
$75k
$80k

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.

Plus 13 unpaid individuals.

Up 4%
from 2023

From $72k in 2023 to $75k in 2024.

$72k
2023
$75k
2024
In today's dollarsEst.
Up 1% in real terms$80k to $80k

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

Chief Executive Officer pay rose 4% from 2023 to 2024, while revenue rose 21%.

$72k in 2023 to $75k in 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.
Financial trend

Revenue and expenses over time

NEW ULM CHAMBER OF COMMERCE reported revenue and expenses across 2 filing years.

RevenueExpenses
$533k
$500k
2023
$644k
$544k
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about NEW ULM CHAMBER OF COMMERCE

What does the Chief Executive Officer of NEW ULM CHAMBER OF COMMERCE earn?

In 2024, the Chief Executive Officer of NEW ULM CHAMBER OF COMMERCE received $74,804 in total compensation. This pay is below the median (the midpoint) for Chief Executive Officer roles among nonprofits nationwide, across all sectors, but above the bottom quarter of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at NEW ULM CHAMBER OF COMMERCE compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at NEW ULM CHAMBER OF COMMERCE falls between the 25th percentile and the median.

What are NEW ULM CHAMBER OF COMMERCE's revenue and expenses?

In 2024, NEW ULM CHAMBER OF COMMERCE reported $644k in total revenue and $544k in total expenses on its IRS Form 990.

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