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PeerBasis
Compensation Comparability Determination

Lake Superior Steelhead Association

Executive Director / CEO

EIN 411573739
MN · NTEE D330
FY ending 2025-02-28
June 9, 2026

This analysis benchmarks the total compensation of Kevin Bovee, Executive Director / CEO ($83,110) against every comparable organization that fit the selection criteria — 24 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 100th percentile of comparable organizationsabove the 90th percentile — board review recommended

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

How comparable organizations were selected

24 organizations qualified on sector, size, and geography 24 within the band form the benchmarked peer set.

Distribution of comparable compensation

$2,168 total compensation of comparable organizations → $82,429 $83,110
$7,36710th
$19,05225th
$28,785Median
$48,84175th
$66,21190th
$83,110This org · 100th
p10$7,367
p25$19,052
p50$28,785
p75$48,841
p90$66,211
$83,110

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 MN 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
Hearts Speak Inc NY$48,082 Executive Dir. $28,000 $26,284 2024
Paws Of Franklin County Texas TX$48,783 Acting Executive Director $31,250 $32,473 2024
Friends Of Sunny Florida Animals Inc FL$47,346 P,sec,tr $25,000 $24,397 2024
Jackson County Conservation League MN$49,235 Gambling Manager $7,000 $7,185 2024
Unexpected Wildlife Refuge Inc NJ$45,473 Manager $23,400 $21,703 2024
Pawsitive Action Foundation Inc SC$44,304 Treasurer $2,000 $2,168 2024
New York State Veterinary Medical NY$43,402 Executive Director $13,411 $12,589 2024
Savage River Farms Inc MD$42,302 Director $63,983 $62,140 2024
The Puppy Up Foundation TN$42,122 President/director $3,221 $3,517 2024
Hairy Houdini Siberian Husky Rescue MI$55,030 President $18,692 $20,634 2023
Panda Paws Rescue WA$41,319 Director $75,000 $67,956 2025
Fort Bragg Groundfish Conservation Trust CA$55,638 Cfo $30,000 $26,911 2024
Scottsdale Equestrian Academy Inc AZ$56,905 President $35,000 $35,999 2023
Siamese Cat Rescue Center VA$57,172 Exec Directo $54,085 $52,850 2025
The Wild Neighbors Database Project CA$57,281 Treasurer $79,293 $73,228 2023
Minnesota Federated Humane Societies MN$38,543 Executive Director $78,000 $82,429 2023
Michigan Animal Health Foundation MI$37,794 Executive Director (Ended 3/24) $13,341 $14,305 2024
Fringe Benefits Thrift Store Inc WI$36,594 President $25,000 $27,122 2024
Humane Society Of Richland Wilkin Co ND$60,587 Vice President $42,966 $50,427 2023
San Joaquin Zoological Society CA$35,894 Executive Director $45,372 $39,650 2025
Pulaski County Humane Society MO$65,959 Shelter Manager $26,880 $30,448 2023
Friends Of Ridgefield National WA$67,067 Executive Director $51,626 $48,015 2024
The Buddy Fund Inc NY$69,412 Director $8,300 $7,792 2024
Northwest Animal Rights Network WA$71,406 Mission Advancement Director $51,946 $48,312 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 2025 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 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.

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 default100th
Total compensation (D + F), as reported (no adjustments)100th
Reportable pay only (column D), adjusted100th
All sources (D + E + F), adjusted96th

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 (Kevin Bovee) 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 24 similarly situated organizations (Same NTEE major group (D), nationwide + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $83,110 is reasonable (approximately the 100th 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.