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PeerBasis
Compensation Comparability Determination

Mount Carmel Area Industrial

Executive Director / CEO

EIN 263508977
IL · NTEE S32
FY ending 2023-12-31
June 9, 2026

This analysis benchmarks the total compensation of Kenneth C Newman, Executive Director / CEO ($39,600) against every comparable organization that fit the selection criteria — 530 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 45th percentile of comparable organizationswithin the typical range

Benchmarked executive: Kenneth C Newman — reported title “PRESIDENT”, a direct title match to the Executive Director / CEO role.

How comparable organizations were selected

530 organizations qualified on sector, size, and geography 530 within the band form the benchmarked peer set.

Distribution of comparable compensation

$495 total compensation of comparable organizations → $162,161 $39,600
$6,44610th
$18,32825th
$44,765Median
$67,81575th
$88,62790th
$39,600This org · 45th
p10$6,446
p25$18,328
p50$44,765
p75$67,815
p90$88,627
$39,600

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 IL 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
Chap Corporation MN$129,847 Vice President $12,000 $11,715 2024
The Lowry Foundation CO$129,882 Interim Ed $24,270 $22,993 2024
The Production Music Association Inc CA$129,901 Executive Dir. $157,663 $134,508 2024
Muscatine Board Of Realtors Inc IA$130,025 Executive Of $34,820 $37,668 2024
Asset Based Community Development Institute IL$129,371 Vice President/director $3,000 $3,000 2023
Linda Vista Mutual Water Company CA$130,193 President $1,400 $1,195 2024
Scottish Rite Temple Of Bellingham WA$130,303 Secretary $4,950 $4,508 2023
Florida Association Of Children's Hospitals Inc FL$130,318 Executive Director $50,000 $47,778 2023
Commonwealth Business Travel Group Inc TX$128,868 Executive Director $40,788 $41,501 2023
Genesis Group Vision To Reality Inc NY$128,700 President/ceo $92,857 $80,763 2025
Medical Staff Of San Gabriel Valley Medical Center CA$130,889 President/chief Of Staff $18,000 $14,961 2025
Charles Street Development Corp MD$128,646 Executive Director $58,500 $54,036 2024
Citywide Small Business Development OH$131,178 President $46,542 $48,703 2024
Greater Palm River Point Community Development Corporation FL$128,346 Executive Director $76,000 $70,539 2024
Web3 Id Coalition Inc NV$131,220 Secretary $6,000 $6,118 2023
Newburg Community Club ND$128,292 President $5,800 $6,126 2025
Friends Of Historic Downtown West Branch IA$131,292 Exec Director $57,903 $62,639 2024
Greater Seminole Area Chamber Of FL$128,163 Executive Di $72,600 $67,383 2024
Clear Creek County Tourism Bureau Inc CO$131,401 Director $73,017 $69,173 2024
11401 Lorain Avenue Corporation OH$128,004 Chief Executive Officer $76,553 $80,108 2024
Union Chamber Of Commerce Inc LA$131,650 President $40,719 $44,299 2024
Rangely Area Chamber Of Commerce CO$131,870 Executive Director $30,386 $28,786 2024
Made With Cola Love SC$127,580 Director $12,917 $13,313 2024
Crosspointe Church Holding Co Llc GA$132,082 Director $70,953 $72,567 2023
The Society Of Entrepreneurs Inc TN$127,102 Executive Director $102,250 $106,188 2024

Comp (reported) is the figure on each organization's Form 990 (columns D + F); Comp (adjusted) normalizes it to IL 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 IL 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 default45th
Total compensation (D + F), as reported (no adjustments)45th
Reportable pay only (column D), adjusted53rd
All sources (D + E + F), adjusted32nd

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 (Kenneth C Newman) 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 530 similarly situated organizations (Same NTEE major group (S), nationwide + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $39,600 is reasonable (approximately the 45th 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.