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PeerBasis
Compensation Comparability Determination

Carnegie Community Development Corporation

Executive Director / CEO

EIN 251698524
PA · NTEE S21Z
FY ending 2024-04-30
June 9, 2026

This analysis benchmarks the total compensation of Joanne Letcher, Executive Director / CEO ($9,206) against every comparable organization that fit the selection criteria — 9 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 0th percentile of comparable organizationsbelow the typical range for comparable organizations

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

How comparable organizations were selected

9 organizations qualified on sector, size, and geography 9 within the band form the benchmarked peer set.

Distribution of comparable compensation

$10,329 total compensation of comparable organizations → $133,227 $9,206
$10,62910th
$11,73025th
$23,662Median
$44,10075th
$67,79890th
$9,206This org · 0th
p10$10,629
p25$11,730
p50$23,662
p75$44,100
p90$67,798
$9,206

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 PA 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
Local Union 97-building Corp NY$3,750 Bus.rep $12,574 $11,730 2023
Greater Wyoming Community Resource MI$3,782 Secretary $35,833 $37,088 2024
Ellen E & Victor J Cohn OH$3,260 Treasurer $40,331 $44,100 2023
Lchc Holdings Inc HI$2,797 President $11,923 $10,704 2024
Hrdc Griffin Place Holding Corportation MT$4,288 President $11,352 $12,271 2024
Opportunities Inc VT$4,312 President $10,234 $10,329 2024
Poco Realty Development Corporation VA$2,392 Administrator $137,600 $133,227 2024
East Baltimore Development MD$2,389 President An $24,515 $23,662 2023
Edc Strategic Initiatives Fund MO$4,935 President & Ceo $48,434 $51,441 2024

Comp (reported) is the figure on each organization's Form 990 (columns D + F); Comp (adjusted) normalizes it to PA 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 PA 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 default0th
Total compensation (D + F), as reported (no adjustments)0th
Reportable pay only (column D), adjusted89th
All sources (D + E + F), adjusted0th

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 (Joanne Letcher) 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 9 similarly situated organizations (Same NTEE major group (S), nationwide + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $9,206 is reasonable (approximately the 0th 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.