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PeerBasis
Compensation Comparability Determination

Blue Water Theatre Company

Executive Director / CEO

EIN 260707663
MN · NTEE A600
FY ending 2024-09-30
June 9, 2026

This analysis benchmarks the total compensation of Lela Olson, Executive Director / CEO ($55,000) against every comparable organization that fit the selection criteria — 146 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 62nd percentile of comparable organizationswithin the typical range

Benchmarked executive: Lela Olson — reported title “MANAGING DIRECTOR”, a direct title match to the Executive Director / CEO role.

How comparable organizations were selected

146 organizations qualified on sector, size, and geography 146 within the band form the benchmarked peer set.

Distribution of comparable compensation

$1 total compensation of comparable organizations → $128,744 $55,000
$14,16710th
$26,26025th
$48,226Median
$63,98575th
$85,31290th
$55,000This org · 62nd
p10$14,167
p25$26,260
p50$48,226
p75$63,985
p90$85,312
$55,000

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 MN 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
Newport Opera House Association NH$340,825 Executive Director $53,500 $49,994 2024
Authentic Community Theatre Inc MD$339,283 President $33,950 $33,071 2023
Ztp MN$337,220 Executive Artistic Director $62,150 $63,986 2023
Chelsea Music Festival Corporation NY$344,365 Director $10,000 $9,145 2024
The Stars Of Tomorrow Project Inc NY$344,741 Director $69,000 $63,100 2024
Forces Of Nature Inc NY$336,324 President $24,400 $21,739 2025
7th Street Theatre Association WA$335,673 Prior Manager $18,601 $17,351 2023
Danceast Collective TN$334,000 Executive Director $1 $1 2025
Aloha Performing Arts Company HI$347,681 Past Preside $77,666 $72,450 2023
Arcadia Performing Arts Inc PA$348,016 Executive Director $39,800 $40,167 2024
Little Globe Inc NM$348,773 Co-director $50,250 $56,312 2023
Cleveland Arts Prize OH$350,187 Executive Di $43,896 $47,052 2024
Impact Arts Inc TX$350,870 Chief Operating Officer $17,500 $18,239 2023
Texan-french Alliance For The Arts TX$329,894 Executive Director $83,999 $87,548 2023
Staibdance Inc GA$328,628 Admin Director $40,000 $40,703 2024
North Bay Theatrics Inc CA$328,366 President $64,408 $57,948 2023
Crossroads Creative & Performing Arts OR$327,878 Executive Director $63,167 $61,120 2023
Sino Us Performing Arts Organization CA$327,781 Secretary $62,699 $56,410 2023
Odyssey Opera Of Boston Inc MA$327,762 Executive Director $106,167 $99,403 2023
Sc New Play Festival Inc SC$354,165 Executive Artistic Director $30,000 $30,858 2025
Unison Learning Center Inc NY$326,868 Executive Director $63,000 $59,315 2023
Shakespeare At A Nj Nonprofit Corporatio NJ$355,121 Artistic Director $18,958 $17,130 2024
Studio 1 NC$356,006 Executive Dir. $60,100 $62,846 2024
Rocky Mountain Ballet Theatre MT$324,315 Associate Dir. $30,000 $32,727 2024
Amazing Things Arts Center Inc MA$357,744 Executive Director $67,234 $61,144 2024

Comp (reported) is the figure on each organization's Form 990 (columns D + F); Comp (adjusted) normalizes it to MN 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 MN 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 default62nd
Total compensation (D + F), as reported (no adjustments)60th
Reportable pay only (column D), adjusted62nd
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 (Lela Olson) 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 146 similarly situated organizations (Same NTEE sector (A60), nationwide + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $55,000 is reasonable (approximately the 62nd 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.