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PeerBasis
Compensation Comparability Determination

Maine Children's Scholarship Fund

Executive Director / CEO

EIN 010537569
ME · NTEE B82
FY ending 2024-08-31
June 9, 2026

This analysis benchmarks the total compensation of Christine Picard, Executive Director / CEO ($19,488) against every comparable organization that fit the selection criteria — 66 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 42nd percentile of comparable organizationswithin the typical range

How comparable organizations were selected

66 organizations qualified on sector, size, and geography 66 within the band form the benchmarked peer set.

Distribution of comparable compensation

$1,106 total compensation of comparable organizations → $332,137 $19,488
$4,29410th
$9,20825th
$31,727Median
$61,67975th
$115,04890th
$19,488This org · 42nd
p10$4,294
p25$9,208
p50$31,727
p75$61,679
p90$115,048
$19,488

Comparable organizations

Each figure is Form 990 Part VII columns D + F (reportable pay plus other compensation and benefits; column F may include amounts from related organizations), normalized to ME cost of living (BEA RPP, 2023) and to its filing year (CPI-U); the reported amount is on each linked 990.

OrganizationStateTotal revenueTotal compSource
Wpma Scholarship FoundationUT $72,092$31,589 990
Mz FoundationTX $72,332$253,927 990
Lift Womens FoundationIL $73,534$12,847 990
South Dakota Farmers Union FoundatiSD $70,679$37,779 990
New York Press Association ScholarshipNY $70,106$14,078 990
Denny Family FoundationVT $74,178$48,195 990
Onnemi International MinistriesTX $74,227$29,485 990
Delores A Sachs Charitable TrustWI $74,789$13,484 990
United Food And Commercial WorkersOH $68,518$36,112 990
Vada Charitable Foundation IncVA $75,990$85,448 990
Western Telecommunications AllianceMT $77,444$55,773 990
Oscar & Mildred Larson Scholarship TrustPA $78,461$62,063 990
National Independent Automobile DealersTX $78,487$15,672 990
Belafonte Family Foundation IncNY $79,282$91,978 990
Cma Education Foundation IncCT $79,678$23,136 990
Wichita Falls Prca Rodeo AssociationTX $64,067$4,995 990
Golconda Foundation IncOK $63,611$10,722 990
Texas Food & Fuel Association Scholarship FoundationTX $80,681$20,922 990
Michael Sadler FoundationMI $80,801$25,470 990
Schroeder Scholarship FundPA $81,407$12,250 990
High Plains Mental Health CenterKS $62,337$52,293 990
Air Traffic Control Scholarship FundVA $82,848$41,222 990
Wsna Scholarship And ResearchWA $61,216$1,846 990
Blackstone Valley Education Foundation IncMA $84,170$45,812 990
The Buck Scholars Association IncCA $85,060$37,732 990

Methodology

Comparable organizations were drawn from electronically filed IRS Form 990 returns and matched on sector (NTEE code), budget (a size-adaptive revenue band that tightens as the organization grows), and geography (same-state first, broadening only when too few peers qualify); every organization within the band forms the peer set. To compare fairly across regions and years, peer compensation is normalized to ME cost of living (BEA Regional Price Parities, 2023) and to the subject's filing year (CPI-U). The figure benchmarked is Form 990 Part VII, Section A, columns D + F — reportable pay plus other compensation, benefits, and deferred amounts (column F may include amounts from related organizations) — with the chief executive matched by role. Related-organization amounts (column E) and institutional trustees are excluded. Full methodology: peerbasis.org/methodology.

Sample, role match & sensitivity

Sensitivity — the subject's percentile under alternative compensation definitions:

BasisSubject percentile
Total compensation (D + F), cost-of-living + inflation adjusted — the PeerBasis default42nd
Total compensation (D + F), as reported (no adjustments)41st
Reportable pay only (column D), adjusted82nd
All sources (D + E + F), adjusted32nd

If the percentile moves materially across these definitions, the result is sensitive to methodology choices, and the board should weigh which basis best fits its facts.

Rebuttable presumption of reasonableness · 26 CFR 53.4958-6

Compensation paid by a tax-exempt organization is presumed reasonable — shifting the burden to the IRS — when three requirements are met. This report supplies the comparability data for the second. The board should record the following in its minutes concurrently with its decision:

Draft board minutes — executive compensation

  1. The compensation of the Executive Director / CEO (Christine Picard) was approved in advance by [the Board / Compensation Committee], composed of members with no conflict of interest with respect to the arrangement.
  2. Prior to its determination, the authorized body obtained and relied upon appropriate comparability data, namely the PeerBasis Compensation Comparability Determination dated June 9, 2026, comparing compensation against 66 similarly situated organizations (Same NTEE sector (B82), nationwide + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $19,488 is reasonable (approximately the 42nd percentile of comparable organizations) and documented the basis for this determination concurrently, on [date], by a vote of [__ for / __ against].

Sources: IRS Form 990 e-file data (apps.irs.gov); IRS Business Master File (NTEE classification). This report is comparability data to support a board's good-faith determination under IRC 4958; it is not legal or tax advice. Generated by PeerBasis on June 9, 2026.