Community Improvement · MN
Southern Minnesota Initiative Foundation
Southern Minnesota Initiative Foundation reported paying Timothy Penny, President/ceo, $206,148 in total compensation (FY 2024).
That places Timothy Penny at approximately the 57th percentile among 61 similarly sized community improvement nonprofits (median $170,225).
$8,360,704Total revenue (FY 2024)
$206,148Total executive compensation
57thPercentile vs. peers
Setting executive pay for this board?
Generate a board-ready comparability report for Southern Minnesota Initiative Foundation — named comparables, percentiles, methodology, and the 26 CFR 53.4958-6 minutes language a board can use toward the rebuttable presumption.
Build the comparability report →Comparable community improvement nonprofits
Compensation is normalized to MN cost of living (BEA Regional Price Parities); each organization's reported figure is on its linked 990.
| Organization | State | Revenue | Total comp |
|---|---|---|---|
| Dauphin County Economic | PA | $8,371,287 | $11,233 |
| Partners For The Common Good | DC | $8,344,341 | $253,708 |
| Calvert Impact Inc | MD | $8,342,994 | $368,104 |
| Polymer Alliance Zone Inc | WV | $8,548,418 | $109,577 |
| Economic Development Corporation | TX | $8,559,382 | $100,785 |
| East Baltimore Development Inc | MD | $8,589,679 | $274,853 |
| Team Neo Foundation | OH | $7,989,825 | $424,149 |
| Spokane Area Workforce Development Council | WA | $8,820,551 | $187,937 |