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Filing year 2023

WEM FOUNDATION

Minneapolis, Minnesota·EIN 41-1604640·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)

* Sector derived from filing type (Form 990-PF), not IRS-assigned

Total revenue
$5.9M
Total assets
$0
Total expenses
$360.2M
Reported officers
3

Executive compensation

Form 990-PF · Part VIII · 2 reported individuals · Filing year 2023

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

Director/president
Board President
Above 90th percentile
$392k
$433k
Director
Unclassified
$5k
$6k

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 1 unpaid individual.

Browse compensation in Philanthropy, Voluntarism & Grantmaking

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at WEM FOUNDATION equaled 0.1% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

This organization (2023)
0.1%
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 2023 Form 990-PF, Part XV.

Total granted

$359.5M

Itemized grants

135

Median grant

$550k

RecipientLocationPurposeAmount
SMITHSONIAN INSTITUTIONWASHINGTON, DCGENERAL$75.2M
MINNEAPOLIS INSTITUTE OF ARTMINNEAPOLIS, MNGENERAL$25.1M
THE LEARNING ALLIANCEVERO BEACH, FLGENERAL$20M
WILLIAMS COLLEGEWILLIAMSTOWN, MEGENERAL$15M
RIVERSIDE THEATREVERO BEACH, FLGENERAL$10.1M
VERO BEACH MUSEUM OF ARTVERO BEACH, FLGENERAL$10M
ABBOTT NORTHWESTERN HOSPITAL FOUNDATIONMINNEAPOLIS, MNGENERAL$10M
MINNEAPOLIS PARKS FOUNDATIONMINNEAPOLIS, MNGENERAL$10M
GUTHRIE THEATERMINNEAPOLIS, MNGENERAL$8.2M
PROJECT SUCCESSMINNEAPOLIS, MNGENERAL$7.1M
NORTHSIDE ACHIEVEMENT ZONEMINNEAPOLIS, MNGENERAL$6.3M
NATURE CONSERVANCYMINNEAPOLIS, MNGENERAL$6.1M
GROVES ACADEMYST LOUIS PARK, MNGENERAL$5.3M
CRISTO REY JESUIT HIGH SCHOOLMINNEAPOLIS, MNGENERAL$5.2M
GREAT MN SCHOOLSMINNEAPOLIS, MNGENERAL$5.1M
MINNESOTA HISTORICAL SOCIETYST PAUL, MNGENERAL$5.1M
SECOND HARVEST HEARTLANDBROOKLYN PARK, MNGENERAL$5.1M
MINNESOTA LANDSCAPE ARBORETUMCHASKA, MNGENERAL$5M
MCKEE BOTANICAL GARDENVERO BEACH, FLGENERAL$5M
DUNWOODY COLLEGE OF TECHNOLOGYMINNEAPOLIS, MNGENERAL$5M
UNIVERSITY OF MINNESOTA FOUNDATIONMINNEAPOLIS, MNGENERAL$5M
WAY TO GROWMINNEAPOLIS, MNGENERAL$4.8M
URBAN VENTURES LEADERSHIP FOUNDATIONMINNEAPOLIS, MNGENERAL$4.5M
LUNDSTRUM PERFORMING ARTSMINNEAPOLIS, MNGENERAL$4.5M
CHURCH OF THE ASCENSIONMINNEAPOLIS, MNGENERAL$4.2M
Compare this foundation's grantees

This is a private foundation. Peers are foundations of similar asset size (No assets reported), 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 WEM FOUNDATION

What does the Board President of WEM FOUNDATION earn?

In 2023, the Board President of WEM FOUNDATION received $392,089 in total compensation. This pay is in the top 10% for Board President roles among Philanthropy, Voluntarism & Grantmaking organizations in Minnesota: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Board President pay at WEM FOUNDATION compare with similar nonprofits?

Compared with the same role at Philanthropy, Voluntarism & Grantmaking organizations in Minnesota, the 2023 pay of the Board President at WEM FOUNDATION falls in the top 10%. In 2023, the highest total compensation at WEM FOUNDATION equaled 0.1% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

What are WEM FOUNDATION's revenue and expenses?

In 2023, WEM FOUNDATION reported $5.9M in total revenue and $360.2M in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size (No assets reported), because foundation pay scales with assets under management, not revenue.