Executive Director / CEO
This analysis benchmarks the total compensation of Keith Larson, Executive Director / CEO ($4,410) against every comparable organization that fit the selection criteria — 466 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.
Compensation sits at approximately the 3rd percentile of comparable organizationsbelow the typical range for comparable organizations
Benchmarked executive: Keith Larson — reported title “MAGAZINE EDITOR”, selected as the organization's highest-paid individual — no exact title match, so confirm this is a comparable role.
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 MN cost of living (BEA RPP, 2023) and to its filing year (CPI-U); the reported amount is on each linked 990.
| Organization | State | Revenue | Matched title | Comp (reported) | Comp (adjusted) | FY |
|---|---|---|---|---|---|---|
| The Texas Cotton Association | TX | $231,903 | Exec Vice Pres | $63,000 | $61,948 | 2024 |
| Algonquin-lake In The Hills Chamber Of Commerce Inc | IL | $231,049 | Executive Director | $29,077 | $28,930 | 2023 |
| Cass County Visitors Bureau Inc | IN | $232,103 | Former Direc | $50,026 | $51,859 | 2024 |
| Maine Grocers & Food Producers | ME | $232,273 | Executive Di | $101,142 | $99,555 | 2024 |
| Ccidc Inc | CA | $232,400 | Executive Dir. | $84,000 | $71,301 | 2024 |
| Advanced Media Workflow Assoc Inc | WA | $230,684 | Executive Director | $117,000 | $102,969 | 2024 |
| Desoto Chamber Of Commerce | TX | $232,518 | Presidentceo | $60,000 | $60,741 | 2023 |
| Secure Water Alliance | CA | $230,595 | Executive Dir. | $90,000 | $78,650 | 2023 |
| Main Street Altus Inc | OK | $232,739 | Program Director | $45,041 | $47,496 | 2025 |
| Greater Blythewood Chamber Of Commerce | SC | $229,897 | Admin Asst | $17,058 | $17,043 | 2025 |
| Metropolitan Memphis Hotel & | TN | $229,231 | President | $165,000 | $170,488 | 2024 |
| Main Street Texarkana | TX | $229,139 | Executive Dir. | $60,320 | $59,312 | 2024 |
| Ephraim Business Council Ltd | WI | $234,281 | Administrato | $56,000 | $57,489 | 2024 |
| Superior Chamber Of Commerce | CO | $234,379 | Exec Director | $61,250 | $57,733 | 2024 |
| Association Of Aai Professionals | WA | $234,468 | President & Ceo | $34,728 | $30,564 | 2024 |
| Airport Gateway Business Association | WI | $228,260 | Executive Dir. | $105,325 | $108,127 | 2024 |
| Mississippi Energy Institute | MS | $235,000 | President, Secretary, & Tr | $84,000 | $91,964 | 2024 |
| Orange Chamber Of Commerce | TX | $227,908 | President & Ceo | $77,218 | $75,929 | 2024 |
| Hemet San Jacinto Valley Chamber Of | CA | $235,344 | Executive Dir. | $68,577 | $58,210 | 2024 |
| Lakeshore Avenue Business Improvement | CA | $235,378 | Co-director | $14,356 | $12,186 | 2024 |
| Development Partner Institute Inc | IL | $227,747 | Executive Di | $102,073 | $98,644 | 2024 |
| Fine Chocolate Industry Association | WA | $227,361 | Executive Dir. | $56,667 | $51,345 | 2023 |
| Boulder Area Rental Housing Associa | CO | $235,863 | Executive Di | $142,521 | $130,874 | 2025 |
| New Mexico Independent Power Producers | AZ | $227,260 | Director | $182,733 | $172,750 | 2024 |
| Shoreline Chamber Of Commerce | CT | $226,889 | President | $72,500 | $66,821 | 2024 |
Comp (reported) is the figure on each organization's Form 990 (columns D + F); Comp (adjusted) normalizes it to MN cost of living and 2023 dollars. Click any organization to verify the figure on ProPublica.
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 MN 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.
Sensitivity — the subject's percentile under alternative compensation definitions:
| Basis | Subject percentile |
|---|---|
| Total compensation (D + F), cost-of-living + inflation adjusted — the PeerBasis default | 3rd |
| Total compensation (D + F), as reported (no adjustments) | 3rd |
| Reportable pay only (column D), adjusted | 8th |
| All sources (D + E + F), adjusted | 3rd |
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.
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
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.