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Filing year 2024

Olga B Hart Education Foundation

Two Harbors, Minnesota·EIN 41-2015095·NTEE T22 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)
Total revenue
$298k
Total assets
$4.7M
Total expenses
$296k
Reported officers
2

Executive compensation

Form 990-PF · Part VIII · 2 reported individuals · Filing year 2024

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

Trustee
Board Member
75th to 90th percentile
$30k
$32k
Trustee
Board Member
75th to 90th percentile
$30k
$32k

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 Olga B Hart Education Foundation equaled 10% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

This organization (2024)
10%
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

$220k

Itemized grants

17

Median grant

$10k

Down 50%
from 2023

From $60k in 2023 to $30k in 2024.

$60k
2023
$30k
2024
In today's dollarsEst.
Down 51% in real terms$66k to $32k

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 Member pay fell 50% from 2023 to 2024, while revenue rose 90%.

$60k in 2023 to $30k 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.

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 Olga B Hart Education Foundation

What does the Board Member of Olga B Hart Education Foundation earn?

In 2024, the Board Member of Olga B Hart Education Foundation received $30,000 in total compensation. This pay is in the top quarter for Board Member roles among Philanthropy, Voluntarism & Grantmaking organizations in Minnesota, though not the top 10% of comparable filings. Based on IRS Form 990 data.

How does Board Member pay at Olga B Hart Education Foundation compare with similar nonprofits?

Compared with the same role at Philanthropy, Voluntarism & Grantmaking organizations in Minnesota, the 2024 pay of the Board Member at Olga B Hart Education Foundation falls between the 75th and 90th percentiles. In 2024, the highest total compensation at Olga B Hart Education Foundation equaled 10% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

What are Olga B Hart Education Foundation's revenue and expenses?

In 2024, Olga B Hart Education Foundation reported $298k in total revenue and $296k 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.