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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Employees Southern Minnesota Initiative Foundation Timothy Penny

Timothy Penny

Officer

President and Chief Executive Officer at Southern Minnesota Initiative Foundation

Fiscal year ended June 30, 2024. Published on January 25, 2026.

$206,148
2024

Total compensation

Timothy Penny has been listed as an employee of Southern Minnesota Initiative Foundation in Form 990 filings since at least fiscal year 2016. Total compensation for Timothy Penny has increased by 8.2% from 2016 to 2024.

Annual compensation details

$206,148
+1.6%
President and Chief Executive Officer
2024
$165k org
40 hrs/wk
$43k other
--
$202,922
+7.9%
President and Chief Executive Officer
2023
$164k org
40 hrs/wk
$40k other
--

Total compensation by year

Compare the compensation of Timothy Penny to:

2024

Other employees at Southern Minnesota Initiative Foundation

Pamela Bishop
Vice President, Economic Development
$151,559
$108,156 from orgNo related comp$43,403 other
Brian Conzemius
Vice President and Chief Financial Officer
$148,607
$131,445 from orgNo related comp$17,162 other
Rae Jean Hansen
Vice President of Early Childhood
$122,192
$115,107 from orgNo related comp$7,085 other
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Revisions to this profile

January 25, 2026:
2024 Southern Minnesota Initiative Foundation 990 published
January 25, 2026:
2023 Southern Minnesota Initiative Foundation 990 published
January 25, 2026:
2022 Southern Minnesota Initiative Foundation 990 published

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$192,961
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$190,599
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2016
$158k org
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--

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$0
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