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Filing year 2024

PROJECT 412

Detroit Lakes, Minnesota·EIN 88-3176887·NTEE S11 · Community Improvement & Capacity Building·3
Total revenue
$1.3M
Total assets
$241k
Total expenses
$1.6M
Reported officers
6
Mission

PROJECT 412 IS RECOGNIZED AS A 501(C)(3) NONPROFIT ORGANIZATION (EIN 88 3176887), ORGANIZED AND OPERATED EXCLUSIVELY FOR THE PUBLIC CHARITABLE PURPOSE AND HAVING A MISSION TO ELEVATE THE CULTURAL AND ECONOMIC VIBRANCY OF DETROIT LAKES AND THE SURROUNDING 412 LAKES AREA. AS A CATALYST, CHEERLEADER, AND CONNECTOR FOR PUBLIC ART, FREE COMMUNITY EVENTS, FREE COACHING AND SUPPORT TO ENTREPRENEURS, AND PLACEMAKING, PROJECT 412 QUALIFIES FOR SALES TAX EXEMPTION UNDER MINNESOTA STATUTES ?297A.70, SUBD.4.

Executive compensation

Form 990 · Schedule J · 2 reported individuals · Filing year 2024

$105k
$113k
VP Operation
vice president
$49k
$53k

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 4 unpaid individuals.

Browse compensation in Community Improvement & Capacity Building

Top compensation, year by year

From $32k in 2023 to $105k in 2024.

$32k
2023
$105k
2024
In today's dollarsEst.
Up 225% in real terms$35k to $113k

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.

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

Revenue and expenses over time

PROJECT 412 reported revenue and expenses across 2 filing years.

RevenueExpenses
$1M
$575k
2023
$1.3M
$1.6M
2024
Total revenue and total expenses from IRS Form 990 filings.
Sector benchmark

What Community Improvement & Capacity Building executives earn in Minnesota

Comparable community improvement & capacity building organizations in Minnesota pay their highest-earning executive a median of $74,104.

25th percentile
$33k
Median
$74,104
75th percentile
$137k
90th percentile
$212k

These are community improvement & capacity building sector-wide figures, not this organization's reported pay. Based on 62 organizations across 62 filings (2022 – 2023).

See full Community Improvement & Capacity Building pay data for Minnesota
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