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PeerBasis
Compensation Comparability Determination

Sherman Apartments Association

Executive Director / CEO

EIN 320020392
IL · NTEE B90
FY ending 2023-06-30
June 9, 2026

This analysis benchmarks the total compensation of Frances L Baker, Executive Director / CEO ($12,317) against every comparable organization that fit the selection criteria — 353 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 11th percentile of comparable organizationsbelow the typical range for comparable organizations

Benchmarked executive: Frances L Baker — reported title “SECRETARY/TREASURER”, selected as the organization's highest-paid individual — no exact title match, so confirm this is a comparable role.

How comparable organizations were selected

353 organizations qualified on sector, size, and geography 353 within the band form the benchmarked peer set.

Distribution of comparable compensation

$11 total compensation of comparable organizations → $291,317 $12,317
$11,68610th
$25,97025th
$51,195Median
$73,58875th
$100,06990th
$12,317This org · 11th
p10$11,686
p25$25,970
p50$51,195
p75$73,588
p90$100,069
$12,317

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
Livingston County Education Alliance In NY$227,485 Preaident/ Ceo $10,868 $9,702 2024
Economic Club Of Nashville TN$227,921 Executive Dir. $41,000 $41,481 2025
The Sife Equity Project Inc NY$228,060 Secretary $13,940 $12,445 2024
Six Sigma Racial Equity Institute Inc IN$228,525 Chief Executive $17,500 $18,233 2024
Ahalearning Inc NY$228,977 President $36,000 $33,089 2023
Klee Ministry CA$229,215 Chief Executive Officer $108,000 $89,764 2025
The Well Summit Co AR$229,511 Manager $23,958 $26,607 2024
Pomona Hope CA$230,104 Executive Dir. $60,973 $52,018 2024
Global Youth Leadership Center CA$230,262 Founder $125,000 $106,642 2024
Pasadena Education Network CA$223,742 Executive Director $77,899 $66,458 2024
Acton Academy Amarillo TX$223,681 Board Member $7,530 $7,442 2024
Cine Las Americas TX$223,628 Executive Director $52,126 $51,517 2024
Empowered Tutoring Inc WI$231,317 President $45,321 $45,558 2025
Summer Work Experience In Law Inc OH$223,422 Executive Director $22,975 $24,042 2024
Northwest Education Alliance NC$223,335 Secretary $43,200 $44,101 2024
Americans For The Competitive Enterprise PA$223,171 Secretary & Exec Director $71,924 $70,864 2024
Your Own Greatness Affirmed Inc CA$223,129 Executive Director $70,500 $60,145 2024
Mastermindz Afterschool Enrichment Program PA$231,851 President $18,602 $18,327 2024
Dream It Do It Western New York Inc NY$232,010 President $58,263 $52,015 2024
Yamei Academy Of Excellence CA$232,111 Ceo And Director $36,000 $30,713 2024
Tyler Junior Golf Foundation TX$232,209 Executive Dir. $60,600 $59,890 2024
Vision Tutoring Educational Foundation Inc GA$222,378 Executive Director $64,418 $65,884 2023
Stem Leadership Center Inc CT$222,300 Director $37,688 $34,913 2024
National Voices For Equality Education And Enlightenment Inc FL$222,277 Executive Director $49,510 $47,310 2023
Steaming Ahead For Success Inc NM$222,048 Ceo $60,000 $65,642 2023

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 default11th
Total compensation (D + F), as reported (no adjustments)10th
Reportable pay only (column D), adjusted0th
All sources (D + E + F), adjusted97th

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 (Frances L Baker) 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 353 similarly situated organizations (Same NTEE sector (B90), nationwide + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $12,317 is reasonable (approximately the 11th 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.