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Filing year 2024

THE OLSETH FOUNDATION

Minnetonka, Minnesota·EIN 41-1875950·NTEE T90 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)
Total revenue
$1.1M
Total assets
$18.5M
Total expenses
$1.6M
Reported officers
4

Executive compensation

Form 990-PF · Part VIII · 3 reported individuals · Filing year 2024

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

President
Board President
75th to 90th percentile
$108k
$115k
Treasurer
Board Treasurer
Above 90th percentilevs Philanthropy, Voluntarism & Grantmaking peers nationwide
$108k
$115k
Vice-president/secretary
Board President
75th to 90th percentile
$108k
$115k

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 1 unpaid individual.

Browse compensation in Philanthropy, Voluntarism & Grantmaking

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at THE OLSETH FOUNDATION equaled 7% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

This organization (2024)
7%
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

$897k

Itemized grants

45

Median grant

$15k

RecipientLocationPurposeAmount
WORLD WILDLIFE FUND INC (WWF)WASHINGTON, DCOPERATING ($100,000); NORTHERN GREAT PLAINS CONSERVATION ($10,000)$110k
RECHARGE AMERICA INCFAIRFAX, CAAMERICA/ MINNESOTA/ MANKATO$90k
ST OLAF COLLEGENORTHFIELD, MNSCHOLARSHIP FUND$60k
GREATER MANKATO AREA UNITED WAY INCMANKATO, MNOPERATING ($20,000), BOOKS FOR KIDS PROGRAM ($20,500), KINDNESS BOOK PROJECT ($2,500)$43k
PATH HOME (FORMERLY PHFS)PORTLAND, ORGENERAL OPERATING ($10,000); PREVENTION PROGRAM ($20,000); NONPROFIT COLLABORATION PROGRAM ($7,500)$38k
THE ADVOCATES FOR HUMAN RIGHTSMINNEAPOLIS, MNWOMEN'S RIGHTS PROGRAM ($25,000); ACT NOW! CAMPAIGN ($12,500)$38k
OREGON NATURAL RESOURCES COUNCIL FUND (OREGON WILD)PORTLAND, OROPERATING$35k
THE LIBRARY FOUNDATION INC SERVING THE PEOPLE OF MULTNOMAH COUNTYPORTLAND, OROPERATING$30k
PEOPLE SERVING PEOPLE INCMINNEAPOLIS, MNOPERATING; NONPROFIT COLLABORATION PROGRAM$28k
JUNGLE THEATERMINNEAPOLIS, MNOPERATING$25k
OREGON WILDLIFE FOUNDATIONPORTLAND, ORWILDLIFE FEASIBILITY STUDY$25k
FRIENDS OF THE HENNEPIN COUNTY LIBRARYMINNEAPOLIS, MNOPERATING$20k
MANKATO AREA FOUNDATIONMANKATO, MNOPERATING ($15,000); RECHARGE FUND ($5,000)$20k
MEALS ON WHEELS PEOPLE INCPORTLAND, OROPERATING$20k
MINNESOTA ENGAGEMENT ON SHELTER & HOUSINGMINNEAPOLIS, MNDIRECTOR'S COUNCIL/WHITE EARTH PROJECT$20k
OREGON FOOD BANK INCPORTLAND, OROPERATING$20k
PLANNED PARENTHOOD COLUMBIA WILLAMETTEPORTLAND, OROPERATING$20k
PLANNED PARENTHOOD NORTH CENTRAL STATESST PAUL, MNMETRO TEEN COUNCIL$20k
COMMITTEE AGAINST DOMESTIC ABUSE INC (CADA)MANKATO, MNOPERATING$15k
MINNEAPOLIS AMERICAN INDIAN CENTERMINNEAPOLIS, MNOPERATING$15k
MINNESOTA CENTER FOR ENVIRONMENTAL ADVOCACYST PAUL, MNEDUCATE ABOUT CLIMATE CHANGE AND THE BENEFITS OF MOVING AWAY FROM FOSSIL FUELS$15k
PEARPORTLAND, OROPERATING$15k
PLAYWRIGHT'S CENTERMINNEAPOLIS, MNOPERATING$15k
UNIVERSITY OF WISCONSIN-MADISONMADISON, WINELSON INSTITUTE, ACADEMIC PROGRAM OFFICE AND CARNIVORE COEXISTENCE LAB$15k
CHILDREN'S MUSEUM OF SOUTHERN MINNESOTAMANKATO, MNOPERATING$10k
Compare this foundation's grantees

Up 3%
from 2023

From $105k in 2023 to $108k in 2024.

$105k
2023
$108k
2024
In today's dollarsEst.
Up 1% in real terms$115k to $115k

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 President pay rose 3% from 2023 to 2024, while revenue fell 4%.

$105k in 2023 to $108k in 2024.
  • Board Treasurer pay rose 3% from 2023 to 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 ($10M - $25M), 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 THE OLSETH FOUNDATION

What does the Board President of THE OLSETH FOUNDATION earn?

In 2024, the Board President of THE OLSETH FOUNDATION received $107,951 in total compensation. This pay is in the top quarter for Board President 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 President pay at THE OLSETH FOUNDATION compare with similar nonprofits?

Compared with the same role at Philanthropy, Voluntarism & Grantmaking organizations in Minnesota, the 2024 pay of the Board President at THE OLSETH FOUNDATION falls between the 75th and 90th percentiles. In 2024, the highest total compensation at THE OLSETH FOUNDATION equaled 7% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

What are THE OLSETH FOUNDATION's revenue and expenses?

In 2024, THE OLSETH FOUNDATION reported $1.1M in total revenue and $1.6M in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($10M - $25M), because foundation pay scales with assets under management, not revenue.