Compensation 990

Saint Paul & Minnesota Foundation

Fiscal year ending 2024. Filed on August 25, 2025.

370 Wabasha Street North 300
Hillside Lane West
ST Paul, Minnesota 55102

Saint Paul & Minnesota Foundation (EIN: 41-6031510) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Saint Paul & Minnesota Foundation, a 501(c)(3) charitable organization, reported compensation for 12 out of 87 total employees. Among the employees shown here, the average compensation is $332,831. The highest compensated employee at Saint Paul & Minnesota Foundation is Eric Jolly with fiscal year 2024 compensation of $805,411.

Revenue, expenses, and employee compensation

Revenue

$160,961,315

Expenses

$218,703,729

Employee compensation

$10,129,641
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Eric Jolly
President and Chief Executive Officer and Secretary
$805,411
$602,528 from orgNo related comp$202,883 other
Shannon Oleary
Chief Investment Officer
$585,079
$550,411 from orgNo related comp$34,668 other
Ashley Gam
Investments Director
$377,222
$337,953 from orgNo related comp$39,269 other
Jeremy Wells
Senior Vice President PHIL Services
$337,780
$286,370 from orgNo related comp$51,410 other
Scott Zastoupil
Chief Financial Officer and Treasurer
$312,759
$277,724 from orgNo related comp$35,035 other
Melanie Hoffert
Chief Marketing Officer
$265,918
$235,015 from orgNo related comp$30,903 other
Rhonda Cox
Vice President of People and Culture
$243,073
$206,089 from orgNo related comp$36,984 other
Carrie Jo Short
Director of Community and Impact Investing
$234,200
$206,699 from orgNo related comp$27,501 other
Casey Shultz
Director of Community and Impact Investing
$217,340
$196,738 from orgNo related comp$20,602 other
Mai-Anh Tran
AVP of PHIL Services
$212,990
$177,019 from orgNo related comp$35,971 other
Alfonso Wenker
Senior Vice President of Community Impact
$212,321
$194,929 from orgNo related comp$17,392 other
Vickie Viaene
AVP of Finance
$189,883
$172,186 from orgNo related comp$17,697 other

Non-Employee Board Members

Alex West Steinman
Director
Bo Thao-Urabe
Director
Chris Galvin
Director
Christophe Beck
Director
Daniel Lemm
Director
Diane Tran
Chair
Gloria Perez
Director
Jacy Grais
Director
Jill Farrington
Director
Joseph Lee
Vice Chair
Kathy Tunheim
Director
Mark Henneman
Director

Contractors

Amherst H Wilder Foundation
Project Management
$510,904
Whittier Advertising Inc.
Communication
$410,113
Verus Advisory Inc.
Investment Advisory
$295,000
Atomic Data Hq
IT Consulting
$252,171
Creative Catalysts
Consultation and Facilitation
$231,191

Mission Statement

PURPOSE: WE INSPIRE, ADVOCATE AND INVEST TO ADVANCE COMMUNITY VISIONS. CONTINUED ON SCH O

Revisions to this organization profile

August 25, 2025:
2024 Saint Paul & Minnesota Foundation 990 filed
August 21, 2024:
2023 Saint Paul & Minnesota Foundation 990 filed
August 15, 2023:
2022 Saint Paul & Minnesota Foundation 990 filed

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