THE CORPORATION'S (CIC) PURPOSE IS TO BUILD BETTER LIVES BY REVITALIZING COMMUNITIES, EMPOWERING INDIVIDUALS, AND CREATING ECONOMIC OPPORTUNITIES. AS A COMMUNITY DEVELOPMENT ORGANIZATION, THE CORPORATION WILL PROVIDE CAPITAL SOLUTIONS TO PROJECTS THAT MAY NOT OTHERWISE RECEIVE SUPPORT FROM TRADITIONAL FINANCIAL INSTITUTIONS. THE CORPORATION WILL HELP COMMUNITIES AND INDIVIDUALS ACCOMPLISH GOALS IN UNDERSERVED AREAS, BY BRINGING EXPERTISE AND FILLING GAPS IN FUNDING.
Executive compensation
Form 990 · Part VII & Schedule J · 1 reported individual · Filing year 2023
Percentile bands compare each position's total pay with the same role at Community Improvement & Capacity Building organizations in Minnesota.
| Position | Total |
|---|---|
President Below 10th percentile | $10k $11k |
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.
Browse compensation in Community Improvement & Capacity Building →
Top pay as a share of expenses
In 2023, the highest total compensation at NORTHWEST MINNESOTA COMMUNITY IMPACT CORPORATION equaled 11% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.
Based on 10,247 community improvement & capacity building organizations, each measured at its most recent filing year with reported expenses and compensation.
Among peers
Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.
Common questions about NORTHWEST MINNESOTA COMMUNITY IMPACT CORPORATION
What does the Chief Executive Officer of NORTHWEST MINNESOTA COMMUNITY IMPACT CORPORATION earn?
In 2023, the Chief Executive Officer of NORTHWEST MINNESOTA COMMUNITY IMPACT CORPORATION received $9,537 in total compensation. This pay is in the bottom 10% for Chief Executive Officer roles among Community Improvement & Capacity Building organizations in Minnesota: at least 9 in 10 comparable filings report more. Based on IRS Form 990 data.
How does Chief Executive Officer pay at NORTHWEST MINNESOTA COMMUNITY IMPACT CORPORATION compare with similar nonprofits?
Compared with the same role at Community Improvement & Capacity Building organizations in Minnesota, the 2023 pay of the Chief Executive Officer at NORTHWEST MINNESOTA COMMUNITY IMPACT CORPORATION falls in the bottom 10%. In 2023, the highest total compensation at NORTHWEST MINNESOTA COMMUNITY IMPACT CORPORATION equaled 11% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.
What are NORTHWEST MINNESOTA COMMUNITY IMPACT CORPORATION's revenue and expenses?
In 2023, NORTHWEST MINNESOTA COMMUNITY IMPACT CORPORATION reported $9k in total revenue and $84k in total expenses on its IRS Form 990.
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