TO FOSTER, AID, ENCOURAGE AND ASSIST THE PURSUIT OF HIGHER EDUCATION BY REDUCING THE COST OF HIGHER EDUCATION THROUGH THE TOTAL HIGHER EDUCATION (THE) LOAN PROGRAM AND ADDITIONALLY THROUGH A GRANTS PROGRAM.
Executive compensation
Form 990 · Part VII & Schedule J · 9 reported individuals · Filing year 2023
Percentile bands compare each position's total pay with the same role at Education organizations in Minnesota.
| Position | Total |
|---|---|
President Median to 75th percentile | $100k $109k |
Chief Financial Officer & Treasurer 25th percentile to median | $89k $98k |
Chair Board Chair 25th percentile to medianvs Education peers nationwide | $38k $41k |
Board Member 10th to 25th percentile | $28k $30k |
Director Board Member 10th to 25th percentile | $28k $30k |
Director Board Member 10th to 25th percentile | $28k $30k |
Director (retired) 12/2023 Board Member 10th to 25th percentile | $19k $20k |
Director Board Member 10th to 25th percentile | $18k $19k |
Director Board Member 10th to 25th percentile | $16k $18k |
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 2 unpaid individuals.
Top pay as a share of expenses
In 2023, the highest total compensation at NORTHSTAR EDUCATION FINANCE INC equaled 0.1% of the organization's total expenses. The median for education organizations is 7%.
Based on 26,320 education organizations, each measured at its most recent filing year with reported expenses and compensation.
Held steady
from 2022
From $100k in 2022 to $100k in 2023.
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.
Chief Executive Officer pay held roughly steady from 2022 to 2023, while revenue fell 6%.
- Chief Financial Officer pay rose 4% from 2022 to 2023.
- Board Chair pay held roughly steady from 2022 to 2023.
Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.
Revenue and expenses over time
NORTHSTAR EDUCATION FINANCE INC reported revenue and expenses across 2 filing years.
What Education executives earn in Minnesota
Comparable education organizations in Minnesota pay their highest-earning executive a median of $78,449.
These are education sector-wide figures, not this organization's reported pay. Based on 647 organizations across 647 filings (2020 – 2024).
See full Education pay data for Minnesota →Common questions about NORTHSTAR EDUCATION FINANCE INC
What does the Chief Executive Officer of NORTHSTAR EDUCATION FINANCE INC earn?
In 2023, the Chief Executive Officer of NORTHSTAR EDUCATION FINANCE INC received $100,000 in total compensation. This pay is above the median (the midpoint) for Chief Executive Officer roles among Education organizations in Minnesota, within the top half of comparable filings. Based on IRS Form 990 data.
How does Chief Executive Officer pay at NORTHSTAR EDUCATION FINANCE INC compare with similar nonprofits?
Compared with the same role at Education organizations in Minnesota, the 2023 pay of the Chief Executive Officer at NORTHSTAR EDUCATION FINANCE INC falls between the median and the 75th percentile. In 2023, the highest total compensation at NORTHSTAR EDUCATION FINANCE INC equaled 0.1% of the organization's total expenses. The median for education organizations is 7%.
What are NORTHSTAR EDUCATION FINANCE INC's revenue and expenses?
In 2023, NORTHSTAR EDUCATION FINANCE INC reported $68.1M in total revenue and $67M in total expenses on its IRS Form 990.
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