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INITIATIVE FOUNDATION
INITIATIVE FOUNDATION
MN · Community Development · EIN 363451562
7
Executives Disclosed
$15.2M
Annual Revenue
$114.7M
Total Assets
1.3:1
Internal Pay Ratio
INITIATIVE FOUNDATION has 7 executives with disclosed compensation. The highest-paid executive, Lynn Bushinger (COO/CFO/TREASURER (FORMER)), received peak total compensation of $253,592. The sector average for Community Development executives is $172K.
Top Executive Compensation Over Time
Executive Compensation
| Name | Title | Peak Comp. | Latest Comp. | Years | vs. Household |
|---|---|---|---|---|---|
| Lynn Bushinger | COO/CFO/TREASURER (FORMER) | $254K | $254K | 2016–2023 | 3.4x |
| Matt Varilek | PRESIDENT (FORMER) | $212K | $153K | 2017–2023 | 2.8x |
| Kathy Gaalswyk | PRESIDENT | $196K | $196K | 2016–2016 | 2.6x |
| Brian Voerding | PRESIDENT | $194K | $194K | 2023–2024 | 2.6x |
| Don Hickman | VP FOR COMMUNITY & WORKFORCE (FORMER) | $176K | $176K | 2019–2024 | 2.3x |
| Michele Miller | CFO | $148K | $0 | 2023–2024 | 2x |
| Jeff Wig | EMPLOYEE | $117K | $0 | 2019–2019 | 1.6x |
Annual Summary
| Year | Executives | Avg. Comp. | Highest Comp. | Total Payroll |
|---|---|---|---|---|
| 2016 | 2 | $196K | $196K | $196K |
| 2017 | 2 | $198K | $198K | $198K |
| 2018 | 2 | $204K | $204K | $204K |
| 2019 | 4 | $212K | $212K | $212K |
| 2023 | 5 | $192K | $254K | $576K |
| 2024 | 3 | $185K | $194K | $370K |
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