SOUTHERN MINNESOTA INITIATIVE FOUNDATION IS A REGIONAL DEVELOPMENT AND PHILANTHROPIC ORGANIZATION THAT FOSTERS ECONOMIC AND COMMUNITY VITALITY IN 20 COUNTIES OF SOUTHERN MINNESOTA THROUGH A CULTURE OF COLLABORATION AND PARTNERSHIP, WITH A FOCUS ON ENTREPRENEURS AND EARLY CHILDHOOD DEVELOPMENT.
Executive compensation, broken down
Form 990 · Part VII & Schedule J · 4 reported individuals · Filing year 2023
Percentile bands compare each position's total pay with the same role at Community Improvement & Capacity Building organizations in Minnesota.
- Base
- $164k
- Bonus
- —
- Other
- —
- Benefits
- $33k
- Base
- $108k
- Bonus
- —
- Other
- —
- Benefits
- $37k
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
President/ceo 75th to 90th percentile | $164k | — | — | $33k | $206k $228k |
VP of Economic Development Board Vice President 25th percentile to medianvs Community Improvement & Capacity Building peers nationwide | $108k | — | — | $37k | $152k $167k |
Vice President/cfo 75th to 90th percentile | — | — | — | — | $149k $164k |
VP of Early Childhood Board Vice President 25th percentile to medianvs Community Improvement & Capacity Building peers nationwide | — | — | — | — | $122k $135k |
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 15 unpaid individuals.
Browse compensation in Community Improvement & Capacity Building →
Top pay as a share of expenses
In 2023, the highest total compensation at SOUTHERN MINNESOTA INITIATIVE FOUNDATION equaled 3% 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.
Funded by
Private foundations whose Form 990-PF Part XV grants matched this organization.
Up 2%
from 2022
From $203k in 2022 to $206k in 2023.
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.
Chief Executive Officer pay rose 2% from 2022 to 2023, while revenue rose 42%.
- Board Vice President pay rose 6% from 2022 to 2023.
Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.
Among peers
Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.
Common questions about SOUTHERN MINNESOTA INITIATIVE FOUNDATION
What does the Chief Executive Officer of SOUTHERN MINNESOTA INITIATIVE FOUNDATION earn?
In 2023, the Chief Executive Officer of SOUTHERN MINNESOTA INITIATIVE FOUNDATION received $206,148 in total compensation. This pay is in the top quarter for Chief Executive Officer roles among Community Improvement & Capacity Building organizations in Minnesota, though not the top 10% of comparable filings. Based on IRS Form 990 data.
How does Chief Executive Officer pay at SOUTHERN MINNESOTA INITIATIVE FOUNDATION 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 SOUTHERN MINNESOTA INITIATIVE FOUNDATION falls between the 75th and 90th percentiles. In 2023, the highest total compensation at SOUTHERN MINNESOTA INITIATIVE FOUNDATION equaled 3% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.
What are SOUTHERN MINNESOTA INITIATIVE FOUNDATION's revenue and expenses?
In 2023, SOUTHERN MINNESOTA INITIATIVE FOUNDATION reported $8.4M in total revenue and $6.9M in total expenses on its IRS Form 990.
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