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Filing year 2024

RICHFIELD TOURISM PROMOTION BOARD INC

Richfield, Minnesota·EIN 41-1674890·NTEE S30 · Community Improvement & Capacity Building·501(c)(4)
Total revenue
$162k
Total assets
$83k
Total expenses
$155k
Reported officers
8
Mission

THE RICHFIELD TOURISM PROMOTION BOARD, INC. (THE BOARD) IS A MINNESOTA NON-PROFIT CORPORATION FORMED IN JULY 1990. THE BOARD'S PURPOSE IS TO PROMOTE THE CITY OF RICHFIELD, MINNESOTA AS A TOURIST DESTINATION.

Executive compensation

Form 990 · Part VII & Schedule J · 1 reported individual · Filing year 2024

Percentile bands compare each position's total pay with the same role at Community Improvement & Capacity Building organizations in Minnesota.

Executive Director
25th percentile to median
$57k
$60k

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 7 unpaid individuals.

Browse compensation in Community Improvement & Capacity Building

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at RICHFIELD TOURISM PROMOTION BOARD INC equaled 36% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

This organization (2024)
36%
Sector median
14%
Middle half of sector
6% to 28%

Based on 10,247 community improvement & capacity building organizations, each measured at its most recent filing year with reported expenses and compensation.

Up 12%
from 2023

From $51k in 2023 to $57k in 2024.

$51k
2023
$57k
2024
In today's dollarsEst.
Up 9% in real terms$55k to $60k

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.

Pay for the position

Chief Executive Officer pay rose 12% from 2023 to 2024, while revenue rose 7%.

$51k in 2023 to $57k 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.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about RICHFIELD TOURISM PROMOTION BOARD INC

What does the Chief Executive Officer of RICHFIELD TOURISM PROMOTION BOARD INC earn?

In 2024, the Chief Executive Officer of RICHFIELD TOURISM PROMOTION BOARD INC received $56,500 in total compensation. This pay is below the median (the midpoint) for Chief Executive Officer roles among Community Improvement & Capacity Building organizations in Minnesota, but above the bottom quarter of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at RICHFIELD TOURISM PROMOTION BOARD INC compare with similar nonprofits?

Compared with the same role at Community Improvement & Capacity Building organizations in Minnesota, the 2024 pay of the Chief Executive Officer at RICHFIELD TOURISM PROMOTION BOARD INC falls between the 25th percentile and the median. In 2024, the highest total compensation at RICHFIELD TOURISM PROMOTION BOARD INC equaled 36% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

What are RICHFIELD TOURISM PROMOTION BOARD INC's revenue and expenses?

In 2024, RICHFIELD TOURISM PROMOTION BOARD INC reported $162k in total revenue and $155k in total expenses on its IRS Form 990.

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