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Nonprofiteer
← METROPOLITAN ECONOMIC DEVELOPMENT ASSOCIATION

Form 990 for tax year 2022

Filed by METROPOLITAN ECONOMIC DEVELOPMENT ASSOCIATION.

Totals

Total revenue
$6,566,738
Total expenses
$9,518,584
Contributions and grants received
$5,219,088
Grants paid
$389,427
Program services expenses (Part IX)
$6,495,021
Management and general expenses
$1,641,699
Fundraising expenses
$1,381,864
Program service expenses (Part III)
$6,495,021

Program services were 68.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Alfredo V Martel

    President & CEO (Jan-Sept)

    Total calculated
    $409,525
    From this org
    $378,030
    From related orgs
    $0
    Other
    $31,495
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $228,030
    Bonus
    $50,000
    Other
    $100,000
    Deferred
    $8,382
    Nontaxable benefits
    $23,113
    Filer's total
    $409,525

  • Craig Veurink

    Chair of the Board

    Total calculated
    $0
    Hours/week
    5

  • Hoyt Hsaio

    Vice Chair/Treasurer

    Total calculated
    $0
    Hours/week
    5

  • John Stout

    Secretary

    Total calculated
    $0
    Hours/week
    5

  • Al Mendoza

    Director

    Total calculated
    $0
    Hours/week
    1

  • Amelia Hardy

    Director

    Total calculated
    $0
    Hours/week
    1

  • Andrea Burns

    Director

    Total calculated
    $0
    Hours/week
    1

  • Andrea Novak

    Director

    Total calculated
    $0
    Hours/week
    1

  • Binh Tran

    Director

    Total calculated
    $0
    Hours/week
    1

  • Brad Pomerleau

    Director

    Total calculated
    $0
    Hours/week
    1

  • Camille Helou

    Director (Jan-June)

    Total calculated
    $0
    Hours/week
    1

  • Darren Moquist

    Director

    Total calculated
    $0
    Hours/week
    1

  • David Rudolph

    Director

    Total calculated
    $0
    Hours/week
    1

  • Gloria Contreras Edin

    Director

    Total calculated
    $0
    Hours/week
    1

  • Gloria Freeman

    Director

    Total calculated
    $0
    Hours/week
    1

  • James Garness

    Director (Jan-June)

    Total calculated
    $0
    Hours/week
    1

  • Jashan Eison

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jeffrey Payne

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jim Collins

    Director (Jan-June)

    Total calculated
    $0
    Hours/week
    1

  • Joel Lebewitz

    Director

    Total calculated
    $0
    Hours/week
    1

  • John Rasmussen

    Director

    Total calculated
    $0
    Hours/week
    1

  • John JT Taylor

    Director

    Total calculated
    $0
    Hours/week
    1

  • Joseph Wallace

    Director (Jun-Dec)

    Total calculated
    $0
    Hours/week
    1

  • Kevin Besikof

    Director

    Total calculated
    $0
    Hours/week
    1

  • Laura Helmueller

    Director

    Total calculated
    $0
    Hours/week
    1

  • Martha Currea

    Director

    Total calculated
    $0
    Hours/week
    1

  • Matthew Lyons

    Director

    Total calculated
    $0
    Hours/week
    1

  • Megan Selby

    Director (Jan-June)

    Total calculated
    $0
    Hours/week
    1

  • Michael Mathews

    Director

    Total calculated
    $0
    Hours/week
    1

  • Mimi Bekele

    Director

    Total calculated
    $0
    Hours/week
    1

  • Sara Idle

    Director

    Total calculated
    $0
    Hours/week
    1

  • Steven Singer

    Director

    Total calculated
    $0
    Hours/week
    1

  • Vicki Stute

    Director

    Total calculated
    $0
    Hours/week
    1

  • Hayes Bukata

    Director (June-Dec)

    Total calculated
    $0
    Hours/week
    1

  • Natalie McGrady

    Director (June-Dec)

    Total calculated
    $0
    Hours/week
    1

  • Dorothy Bridges

    President & CEO (Sept-Dec)

    Total calculated
    $79,695
    From this org
    $77,367
    From related orgs
    $0
    Other
    $2,328
    Hours/week
    40

  • Daniel Holmquist

    Controller

    Total calculated
    $223,292
    From this org
    $182,600
    From related orgs
    $0
    Other
    $40,692
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $173,600
    Bonus
    $9,000
    Other
    $0
    Deferred
    $9,230
    Nontaxable benefits
    $31,462
    Filer's total
    $223,292

  • Keven Ambrus - VP of

    Finance & Operations (Mar-Dec)

    Total calculated
    $145,826
    From this org
    $123,733
    From related orgs
    $0
    Other
    $22,093
    Hours/week
    40

  • Pamela Cannon

    Chief People Officer

    Total calculated
    $235,804
    From this org
    $226,296
    From related orgs
    $0
    Other
    $9,508
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $140,696
    Bonus
    $0
    Other
    $85,600
    Deferred
    $325
    Nontaxable benefits
    $9,395
    Filer's total
    $236,016

  • Patrick Pariseau - VP of

    Lending & Client Services

    Total calculated
    $154,459
    From this org
    $136,781
    From related orgs
    $0
    Other
    $17,678
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $127,781
    Bonus
    $9,000
    Other
    $0
    Deferred
    $6,839
    Nontaxable benefits
    $10,839
    Filer's total
    $154,459

  • Andrew J O'Leary

    Chief Advancement Officer

    Total calculated
    $163,997
    From this org
    $139,376
    From related orgs
    $0
    Other
    $24,621
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $131,376
    Bonus
    $8,000
    Other
    $0
    Deferred
    $6,973
    Nontaxable benefits
    $17,905
    Filer's total
    $164,254

  • Robert Harper

    Director Of Supplier Development

    Total calculated
    $103,802
    From this org
    $100,067
    From related orgs
    $0
    Other
    $3,735
    Hours/week
    40

  • Kari Swan - Director of

    Philanthropy & Investments

    Total calculated
    $130,027
    From this org
    $105,955
    From related orgs
    $0
    Other
    $24,072
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 7 · Other non-fixed payments

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I, Line 4a
Alfredo Martel, was paid $100,000 in severance following his employment separation.
Part I, Line 7
Officers are eligible for bonuses based on annual performance reviews. The bonuses are determined by the President and Board of Directors. Please see Schedule J, Part II, column (B)(ii) for the bonus amounts awarded to officers during 2022. During the CEO transition in 2022, the board negotiated a non-fixed payment to a key executive employee for retention.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2022
Filed
29 June 2023
IRS schema version
2022v5.0
Source object
202331809349300513

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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