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PeerBasis
Compensation Comparability Determination

Carmel Clay Education Foundation

Executive Director / CEO

EIN 356066912
IN · NTEE B82Z
FY ending 2023-06-30
June 9, 2026

This analysis benchmarks the total compensation of Jennifer Penix, Executive Director / CEO ($82,352) against every comparable organization that fit the selection criteria — 227 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 78th percentile of comparable organizationswithin the typical range

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

How comparable organizations were selected

227 organizations qualified on sector, size, and geography 227 within the band form the benchmarked peer set.

Distribution of comparable compensation

$1 total compensation of comparable organizations → $316,507 $82,352
$7,94810th
$20,39125th
$42,407Median
$79,06175th
$103,68290th
$82,352This org · 78th
p10$7,948
p25$20,391
p50$42,407
p75$79,061
p90$103,682
$82,352

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 IN 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
Florence Bernard - Alta Miller MD$368,118 Trustee $54,899 $47,274 2024
Ashby Legacy Fund MN$365,388 President $24,000 $21,842 2024
Alabama B'nai B'rith Hillel Foundation AL$369,891 Director $99,273 $98,782 2024
Sanger Education Foundation Inc TX$370,741 Executive Dir. $46,000 $42,382 2024
Irish Fellowship Educational & IL$370,872 Executive Director $36,000 $33,561 2023
Sustainable Tulsa Inc OK$361,589 Executive Dir. $103,188 $104,655 2024
Kentucky Engineering Foundationinc KY$360,898 Executive Di $4,532 $4,370 2025
Echoes Of Hope CA$373,618 Executive Dir. $103,000 $84,339 2023
Brian M Anselmo Memorial MO$359,794 Executive Di $79,992 $80,341 2023
Public Relations Society Of NY$359,503 Cfo $57,668 $47,997 2024
Corporation For Global Community MS$374,915 Emeritus - Founding Member $50,470 $51,774 2024
Tracy Andrus Foundation TX$359,271 President & Ceo $67,500 $64,028 2023
Help 2 Others Foundation AL$376,377 Executive Director $92,000 $91,545 2024
Wonderfolk OR$357,451 Executive Director $65,000 $57,240 2023
Fort Bend Forward Inc TX$357,207 President And Ceo $9,606 $9,112 2023
Oregon Schools Foundation OH$377,264 Executive Dir. $12,000 $12,052 2023
Washington State Potato Foundation WA$377,968 Executive Director $81,332 $67,069 2024
Machine Tool Technologies CA$355,329 President $144,000 $114,529 2024
Texas Tennis Coaches Association TX$354,243 Executive Director Exec Committee $45,000 $41,461 2024
If Given A Chance CA$382,130 Executive Director $69,658 $55,402 2024
North Platte Public Schools NE$351,554 Executive Di $59,568 $57,490 2025
Foundation For Excellence In Long Term PA$384,565 President & Ceo $45,420 $41,719 2024
Inspire Health Foundation Inc KS$349,003 Chief Executive Officer $23,229 $23,797 2023
1000 Dreams Fund DC$385,648 Ceo $9,460 $7,646 2024
Pittsburgh Jewish Pre-kindergarten PA$386,116 President $50,440 $47,698 2023

Comp (reported) is the figure on each organization's Form 990 (columns D + F); Comp (adjusted) normalizes it to IN 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 IN 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 default78th
Total compensation (D + F), as reported (no adjustments)73rd
Reportable pay only (column D), adjusted83rd
All sources (D + E + F), adjusted56th

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 (Jennifer Penix) 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 227 similarly situated organizations (Same NTEE sector (B82), nationwide + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $82,352 is reasonable (approximately the 78th 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.