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Filing year 2024

Salem Inc

Minneapolis, Minnesota·EIN 41-1782105·NTEE L50 · Housing & Shelter·501(c)(3)
Total revenue
$2.5M
Total assets
$1.9M
Total expenses
$2.4M
Reported officers
7
Mission

Mission is to providing safe and accessible programming which includes community safety, youth mentoring , individual and family development for the underserved.

Executive compensation

Form 990 · Part VII & Schedule J · 2 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at Housing & Shelter organizations in Minnesota.

Executive Director
Median to 75th percentile
$92k
$98k
Secretary
Board Secretary
75th to 90th percentilevs Housing & Shelter peers nationwide
$61k
$65k

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 5 unpaid individuals.

Browse compensation in Housing & Shelter

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at Salem Inc equaled 4% of the organization's total expenses. The median for housing & shelter organizations is 7%.

This organization (2024)
4%
Sector median
7%
Middle half of sector
3% to 16%

Based on 7,888 housing & shelter organizations, each measured at its most recent filing year with reported expenses and compensation.

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

Up 142%
from 2023

From $38k in 2023 to $92k in 2024.

$38k
2023
$92k
2024
In today's dollarsEst.
Up 136% in real terms$42k to $98k

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

Board Secretary pay rose 60% from 2023 to 2024, while revenue rose 194%.

$38k in 2023 to $61k 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 Salem Inc

What does the Chief Executive Officer of Salem Inc earn?

In 2024, the Chief Executive Officer of Salem Inc received $92,050 in total compensation. This pay is above the median (the midpoint) for Chief Executive Officer roles among Housing & Shelter organizations in Minnesota, within the top half of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at Salem Inc compare with similar nonprofits?

Compared with the same role at Housing & Shelter organizations in Minnesota, the 2024 pay of the Chief Executive Officer at Salem Inc falls between the median and the 75th percentile. In 2024, the highest total compensation at Salem Inc equaled 4% of the organization's total expenses. The median for housing & shelter organizations is 7%.

What are Salem Inc's revenue and expenses?

In 2024, Salem Inc reported $2.5M in total revenue and $2.4M in total expenses on its IRS Form 990.

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