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PeerBasis
Compensation Comparability Determination

Leo Foundation

Executive Director / CEO

EIN 204879525
AZ · NTEE B84
FY ending 2023-12-31
June 9, 2026

This analysis benchmarks the total compensation of Madeline Winney, Executive Director / CEO ($76,000) against every comparable organization that fit the selection criteria — 31 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 87th percentile of comparable organizationswithin the typical range

Benchmarked executive: Madeline Winney — reported title “CEO”, a direct title match to the Executive Director / CEO role.

How comparable organizations were selected

31 organizations qualified on sector, size, and geography 31 within the band form the benchmarked peer set.

Distribution of comparable compensation

$522 total compensation of comparable organizations → $90,590 $76,000
$4,63910th
$13,29625th
$30,277Median
$59,34275th
$78,22990th
$76,000This org · 87th
p10$4,639
p25$13,296
p50$30,277
p75$59,342
p90$78,229
$76,000

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 AZ 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
Salem Education Foundation VA$287,998 Director & Secretary $6,000 $6,024 2023
Fontainebleau Associations NJ$285,721 Secretary $15,000 $13,526 2024
Slippery Rock University Alumni PA$290,650 Director Of Alumni Engagem $38,518 $37,795 2025
Steven's High School Alumni Association NH$296,726 Secretary $1,000 $932 2024
University Of Virginia Law School Alumni VA$274,517 Assistant Secretary-treasu $35,320 $35,460 2023
Oswego Alumni Association Inc NY$272,535 Executive Director/ex Offi $96,414 $90,590 2023
Girard College Alumni Association PA$267,792 Director $57,966 $60,106 2023
Harvard Business School Association Of CA$315,252 Executive Dir. $77,911 $67,947 2024
Alumni Association Of The State NY$257,682 Interim Dir., Alumni Operations $1,363 $1,281 2023
District Alpha Of The Clemson SC$318,633 Executive Director $9,284 $10,071 2023
Swapa Scholarship Fund TX$252,688 Executive Director $82,069 $82,912 2024
Universidad Simon Bolivar Alumni Association Of America Inc MA$233,278 Executive Manager Consultant $4,965 $4,639 2023
Novo Collegian Alliance FL$231,337 Coordinator $13,376 $13,066 2023
Uc Santa Cruz Alumni Association CA$225,341 Executive Dir. $19,314 $16,844 2024
Sigma Phi Lambda Inc TX$225,102 Co Executive $29,969 $30,277 2024
The Public Education Partnership FL$223,421 Executive Director/staff $62,981 $61,521 2023
University Of California Santa CA$220,983 Executive Director $29,185 $26,204 2023
George Mason University Alumni VA$358,100 Executive Director $48,888 $47,674 2024
Peoria High School Alumni Association IL$368,427 Office Administrator $8,161 $8,103 2024
Alumni Association Of Fitchburg MA$203,774 Secretary/tr $575 $522 2024
Farmington Educational MO$202,762 Executive Di $20,000 $20,842 2025
Maitland E Smith Scholarship House KS$198,902 Executive Di $21,300 $23,927 2023
Alumni Association Of Southern Illinois IL$196,551 Assoc. Vice Chancellor For Adv/ed Of Alumni And Do $40,909 $40,619 2024
Bowling Green State University Alumni OH$378,013 President, Bgsu Foundation $71,033 $78,229 2023
Minot Public School Foundation ND$196,246 Executive Director $43,125 $47,798 2024

Comp (reported) is the figure on each organization's Form 990 (columns D + F); Comp (adjusted) normalizes it to AZ cost of living and 2023 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 AZ 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 default87th
Total compensation (D + F), as reported (no adjustments)90th
Reportable pay only (column D), adjusted97th
All sources (D + E + F), adjusted61st

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 (Madeline Winney) 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 31 similarly situated organizations (Same NTEE sector (B84), nationwide + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $76,000 is reasonable (approximately the 87th 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.