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PeerBasis
Compensation Comparability Determination

Neranenah Inc

Executive Director / CEO

EIN 371689385
GA · NTEE A68
FY ending 2023-06-30
June 9, 2026

This analysis benchmarks the total compensation of Joe Alterman, Executive Director / CEO ($92,817) against every comparable organization that fit the selection criteria — 190 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 94th percentile of comparable organizationsabove the 90th percentile — board review recommended

Benchmarked executive: Joe Alterman — reported title “DIRECTOR”, selected as the organization's highest-paid individual — no exact title match, so confirm this is a comparable role.

How comparable organizations were selected

190 organizations qualified on sector, size, and geography 190 within the band form the benchmarked peer set.

Distribution of comparable compensation

$109 total compensation of comparable organizations → $124,413 $92,817
$13,08010th
$29,48525th
$47,010Median
$66,81075th
$83,67290th
$92,817This org · 94th
p10$13,080
p25$29,485
p50$47,010
p75$66,810
p90$83,672
$92,817

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 GA 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
Lee Jazz Omega Inc TN$349,620 Exec Director $64,800 $65,799 2024
Creative Arts Alliance TX$347,413 Executive Director $37,400 $37,208 2023
One Voice Mission CO$354,410 Executive Di $67,200 $62,247 2024
Jacarandamusic CA$347,407 Artistic & E $48,000 $40,039 2024
Jazz Houston TX$346,941 Ceo $81,400 $78,658 2024
Young Texas Artists Inc TX$346,705 President $43,550 $43,326 2023
Bronx Conservatory Of Music Inc NY$346,450 Executive Director $20,108 $18,071 2023
Hip Kids Inc MA$346,232 President $32,150 $27,909 2024
Camarada Inc CA$356,020 Executive Director $72,750 $59,120 2025
Orchestrating Dreams Inc NY$344,729 Executive Director $51,500 $44,955 2024
Indianapolis Mens Chorus Incorporated IN$343,096 Executive Director $85,000 $84,359 2025
Los Pleneros De La 21 Inc NY$340,822 Executive Director $91,006 $79,440 2024
St Louis Cathedral Concerts MO$340,628 Executive Dir. $71,798 $73,460 2024
Academy Of Neurologic Music Therapy CO$338,999 Director $60,925 $56,434 2024
Academie Musique TX$338,017 Director $45,743 $43,062 2025
Virginia Chamber Music Foundation VA$337,034 Coartistic Director $8,000 $7,461 2024
Music At Kohl Mansion Inc CA$336,836 Exec. Dir. $90,417 $77,649 2023
Kelly Music For Life PA$336,039 President $39,000 $37,570 2024
Newberry Consort Nfp IL$365,908 Executive Director $6,235 $5,921 2024
Lake Champlain Chamber Music Festival I VT$367,354 Executive Director $70,000 $70,072 2023
Take Me To The River Education CA$368,685 Board Member $37,500 $32,205 2023
Third Angle New Music Ensemble OR$368,972 Executive Director $65,740 $58,975 2024
Free Guitars 4 Kids MN$369,229 Executive Director $112,198 $110,260 2023
Anthology Of Recorded Music Inc NY$330,999 Vice President & Secretary $112,450 $101,059 2023
Fontana Chamber Arts MI$371,972 Director $53,523 $51,991 2025

Comp (reported) is the figure on each organization's Form 990 (columns D + F); Comp (adjusted) normalizes it to GA 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 GA 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 default94th
Total compensation (D + F), as reported (no adjustments)89th
Reportable pay only (column D), adjusted94th
All sources (D + E + F), adjusted94th

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 (Joe Alterman) 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 190 similarly situated organizations (Same NTEE sector (A68), nationwide + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $92,817 is reasonable (approximately the 94th 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.