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PeerBasis
Compensation Comparability Determination

Germantown Education Foundation

Executive Director / CEO

EIN 205407626
TN · NTEE B12
FY ending 2024-06-30
June 9, 2026

This analysis benchmarks the total compensation of Elaine Hare, Executive Director / CEO ($70,000) against every comparable organization that fit the selection criteria — 85 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 80th percentile of comparable organizationswithin the typical range

Benchmarked executive: Elaine Hare — reported title “EXECUTIVE DIRECTOR”, a direct title match to the Executive Director / CEO role.

How comparable organizations were selected

85 organizations qualified on sector, size, and geography 85 within the band form the benchmarked peer set.

Distribution of comparable compensation

$701 total compensation of comparable organizations → $418,568 $70,000
$8,70510th
$18,00725th
$41,412Median
$64,23575th
$85,02990th
$70,000This org · 80th
p10$8,705
p25$18,007
p50$41,412
p75$64,235
p90$85,029
$70,000

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 TN 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
Daring Girls CO$273,741 Executive Di $108,460 $101,863 2023
Sempere Quaere Verum Inc MN$276,254 President $5,300 $5,130 2023
Elements Montessori School Inc MA$277,304 President, Treasurer & Clerk $54,000 $46,165 2024
Cong Yeshivas Bais Yitzchok Inc NJ$278,574 President $14,400 $12,231 2024
Friends Of The Scarsdale Library NY$279,836 Treasurer $4,830 $4,046 2025
Party In The Pines Foundation TX$279,964 Secretary $10,000 $9,516 2024
Native Nations Education Foundation HI$268,809 Executive/project Director $72,100 $61,411 2024
Boston Renaissance Charter Public School MA$267,607 President $32,238 $28,374 2023
Shriners International Education FL$282,452 Assistant Secretary $47,371 $42,336 2024
Solar Toledo Neighborhood Foundation OH$282,862 Secretary/treasurer $60,259 $62,512 2023
Learning In Color Corporation GA$262,411 Executive Dir. $77,280 $73,923 2024
South Carolina Virtual Education SC$286,962 Executive Di $30,800 $31,472 2023
Friends Of Guadalupe UT$261,050 President $34,977 $35,062 2023
Link To Libraries Inc MA$258,547 President Ceo $75,000 $66,011 2023
Educational Media Company At VA$258,296 General Mana $15,000 $13,423 2025
Goddard Education Foundation KS$292,521 Executive Di $64,841 $68,610 2023
Activate School Fundraising Inc GA$294,899 President $34,075 $33,557 2023
Public School Funding Alliance WA$297,734 Executive Director $7,698 $6,557 2024
Cg Jung Foundation For Analytical NY$297,880 Executive Di $101,331 $84,865 2025
The Wildcat Foundation PA$250,909 Frmr Exec Di $50,219 $49,051 2023
The Manufacturers Education Foundation Inc GA$249,192 President & Ceo $44,044 $42,131 2024
Education Foundation Of Stanislaus CA$248,279 Ceo $11,500 $9,447 2024
The Fleischer Foundation IL$246,611 President $16,533 $15,463 2024
Greater Atlanta Christian Foundation Inc GA$246,608 President Of Gacs $81,293 $80,059 2023
Inclusive Education Project CA$302,917 Executive Dir. $86,584 $71,128 2024

Comp (reported) is the figure on each organization's Form 990 (columns D + F); Comp (adjusted) normalizes it to TN 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 TN 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 default80th
Total compensation (D + F), as reported (no adjustments)73rd
Reportable pay only (column D), adjusted86th
All sources (D + E + F), adjusted62nd

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 (Elaine Hare) 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 85 similarly situated organizations (Same NTEE sector (B12), nationwide + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $70,000 is reasonable (approximately the 80th 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.