Live preview — download the board-ready PDF to attach to your minutes.Download the free PDF
Email yourself a copy:
PeerBasis
Compensation Comparability Determination

Joseph L Wolcott Scholarship Fund

Executive Director / CEO

EIN 346515331
OH · NTEE B82Z
FY ending 2025-04-30
June 9, 2026

This analysis benchmarks the total compensation of Grant M Keune, Executive Director / CEO ($6,563) against every comparable organization that fit the selection criteria — 209 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 9th percentile of comparable organizationsbelow the typical range for comparable organizations

How comparable organizations were selected

209 organizations qualified on sector, size, and geography 209 within the band form the benchmarked peer set.

Distribution of comparable compensation

$1 total compensation of comparable organizations → $245,065 $6,563
$8,19710th
$20,92125th
$44,372Median
$72,70775th
$103,68690th
$6,563This org · 9th
p10$8,197
p25$20,921
p50$44,372
p75$72,707
p90$103,686
$6,563

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 OH cost of living (BEA RPP, 2023) and to its filing year (CPI-U); the reported amount is on each linked 990.

OrganizationStateTotal revenueTotal compSource
Eagle FoundationPA $290,481$53,718 990
Navy League FoundationVA $290,370$28,304 990
Spanish Scholarship FundPA $290,289$33,895 990
Barnes-jewish St Peters & ProgressMO $295,910$114,556 990
Laradon Foundation IncCO $288,976$8,235 990
Blessing Hands IncKY $288,863$16,259 990
Always Giving Back FoundationIL $288,776$2,502 990
Dartmouth Dragon Foundation IncNH $297,223$88,444 990
Women's Education ProjectNY $288,300$72,686 990
American Public TransportationDC $298,069$59,558 990
Kids Unlimited IncFL $298,632$63,730 990
Society Of Explosives EngineersOH $287,106$24,569 990
Impact-u Foundation IncMA $286,945$14,892 990
Hba Of Durham Orange & ChathamNC $286,753$14,946 990
Wisconsin Credit Union Foundation IncWI $299,368$45,327 990
The Hannon Cup AssociationTX $286,071$28,445 990
Wisconsin Troopers' BenevolentWI $300,169$546 990
Mason Isd Scholarship FoundationTX $300,662$2,249 990
Don Diego Scholarship FoundationCA $302,102$48,928 990
Silver State Education FoundationNV $302,277$53,914 990
Chicago Association Of Realtors Educational Foundation IncIL $283,593$38,485 990
School District Of Raytown Ed FoundationMO $302,850$46,498 990
St Helena Preschool For All IncCA $283,013$66,685 990
University Club Foundation IncDC $303,280$40,458 990
Maine School Of Science AndME $304,316$108,826 990

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 OH 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 default9th
Total compensation (D + F), as reported (no adjustments)8th
Reportable pay only (column D), adjusted36th
All sources (D + E + F), adjusted8th

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 (Grant M Keune) 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 209 similarly situated organizations (Same NTEE sector (B82), nationwide + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $6,563 is reasonable (approximately the 9th 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). 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.