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PeerBasis
Compensation Comparability Determination

Eastern American Economic

Executive Director / CEO

EIN 204647454
NJ · NTEE S43
FY ending 2024-12-31
June 9, 2026

This analysis benchmarks the total compensation of Kwon H Jung, Executive Director / CEO ($98,670) against every comparable organization that fit the selection criteria — 38 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 47th percentile of comparable organizationswithin the typical range

Benchmarked executive: Kwon H Jung — reported title “PRESIDENT”, a direct title match to the Executive Director / CEO role.

How comparable organizations were selected

38 organizations qualified on sector, size, and geography 38 within the band form the benchmarked peer set.

Distribution of comparable compensation

$10,209 total compensation of comparable organizations → $287,880 $98,670
$22,34710th
$60,04325th
$104,183Median
$129,71875th
$155,62690th
$98,670This org · 47th
p10$22,347
p25$60,043
p50$104,183
p75$129,718
p90$155,626
$98,670

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 NJ cost of living (BEA RPP, 2023) and to its filing year (CPI-U); the reported amount is on each linked 990.

OrganizationStateRevenueMatched titleComp
(reported)
Comp
(adjusted)
FY
Ab Community Inc NC$406,875 Executive Director $86,875 $103,508 2023
International Union Uaw Local 1284 MI$393,983 President $8,831 $10,209 2024
Anti Entropy TX$393,476 President $65,000 $78,048 2022
The Biotechnology Incubator At Nymc Inc NY$389,283 President, Ceo & Trustee $268,885 $280,172 2023
Alabama Capital Network Inc AL$430,100 Executive Officer $114,000 $142,014 2023
Adventist Health Policy Association FL$381,710 President $16,962 $18,374 2023
Madison Village For Advanced GA$380,784 Executive Dir. $29,167 $32,847 2024
Black Wall Street Business Center OK$379,211 President & Ceo $19,500 $24,049 2024
Kukolu HI$435,911 Executive Dir. $125,462 $125,809 2024
The Warehouse Business Accelerator CO$370,791 Executive Dir. $80,032 $88,490 2023
Iowa Center Loan Fund IA$369,185 President $9,756 $11,656 2025
Growco Columbia Inc SC$367,881 Executive Director $101,778 $118,923 2024
Piedmont Business Capital NC$446,116 Executive Director Ceo $132,440 $153,270 2024
Womens Venture Fund Inc NY$366,243 President & Ceo $159,200 $161,123 2024
Startup Hutch Inc KS$448,635 Program Director $86,659 $104,857 2024
Nonprofit Solutions CA$361,828 Executive Director $89,238 $88,855 2023
Startupaz Foundation AZ$359,966 President Executive Dir Thru 01/2024 $136,843 $147,401 2024
Xlr8x HI$454,613 President/exec Dir $114,357 $118,060 2023
Rockford Area Strategic Initiatives IL$358,096 Director $13,565 $14,937 2024
Boomin University TN$455,664 Board Member $36,538 $41,907 2025
Sync Space Entrepreneur Center TN$456,808 President, Ed $124,800 $143,139 2025
Marietta Welcome Center Inc GA$458,815 Executive Director $64,453 $74,729 2023
Danville Boyle County Development KY$349,771 Director $29,583 $36,649 2023
Mnsbir Inc MN$464,536 President And Ceo $148,382 $164,215 2024
Macomb County Community Dispute MI$466,668 Manager $108,963 $125,967 2024

Comp (reported) is the figure on each organization's Form 990 (columns D + F); Comp (adjusted) normalizes it to NJ cost of living and 2024 dollars. Click any organization to verify the figure on ProPublica.

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 NJ 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 default47th
Total compensation (D + F), as reported (no adjustments)53rd
Reportable pay only (column D), adjusted53rd
All sources (D + E + F), adjusted39th

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 (Kwon H Jung) 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 38 similarly situated organizations (Same NTEE sector (S43), nationwide + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $98,670 is reasonable (approximately the 47th 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). Every figure traces to an original public filing — click any organization above to verify it on ProPublica. PeerBasis is a service of Prismind Analytics; its methodology is published, was commissioned for independent adversarial review, and discloses its own limitations. 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.