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PeerBasis
Compensation Comparability Determination

Hermantown Chamber Of Commerce Inc

Executive Director / CEO

EIN 411782426
MN · NTEE S41
FY ending 2024-12-31
June 9, 2026

This analysis benchmarks the total compensation of Kimberly Parmeter, Executive Director / CEO ($76,000) against every comparable organization that fit the selection criteria — 16 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 25th percentile of comparable organizationswithin the typical range

Benchmarked executive: Kimberly Parmeter — reported title “PRESIDENT/CE”, a direct title match to the Executive Director / CEO role.

How comparable organizations were selected

16 organizations qualified on sector, size, and geography 16 within the band form the benchmarked peer set.

Distribution of comparable compensation

$1,200 total compensation of comparable organizations → $170,346 $76,000
$13,96910th
$69,89825th
$86,608Median
$97,59375th
$158,59690th
$76,000This org · 25th
p10$13,969
p25$69,898
p50$86,608
p75$97,593
p90$158,596
$76,000

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
Burnsville Convention And Visitors MN$318,925 Executive Di $93,500 $93,500 2024
Southwest Metro Chamber Of Commerce MN$302,658 Executive Director $81,710 $81,710 2024
Midwest Manufacturers' Association MN$295,776 Executive Director $79,255 $81,596 2023
National Archery Buyers Association MN$287,339 Executive Director $86,210 $88,756 2023
Laurentian Chamber Of Commerce Inc MN$258,002 President $91,914 $91,914 2024
Minnesota County Engineers Assoc MN$250,176 President $1,200 $1,200 2024
Greater Stillwater Chamber Of Comme MN$378,463 Presidentexecutive Director $49,862 $49,862 2024
The Minnesota Trappers Association MN$231,567 Magazine Editor $4,410 $4,540 2023
Creative Enterprise Zone MN$223,848 Executive Di $91,528 $91,528 2024
Downtown Moorhead Inc MN$219,938 President/ceo $170,346 $170,346 2024
Moorhead Business Association Inc MN$214,949 Executive Director $74,380 $76,577 2023
Alliance For Community Media MN$439,479 President & Ceo $162,760 $162,760 2024
National Association Of Fraternal MN$445,224 Executive Di $84,460 $84,460 2024
Nacm North Central MN$448,422 President $24,017 $23,398 2025
Cfa Society Of Minnesota MN$462,913 Executive Director $106,721 $109,873 2023
Ceo Roundtables Of Minnesota Inc MN$464,858 Ceo & President $150,000 $154,431 2023

Comp (reported) is the figure on each organization's Form 990 (columns D + F); Comp (adjusted) normalizes it to MN cost of living and 2024 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 default25th
Total compensation (D + F), as reported (no adjustments)31st
Reportable pay only (column D), adjusted25th
All sources (D + E + F), adjusted19th

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 (Kimberly Parmeter) 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 16 similarly situated organizations (Same NTEE sector (S41) + MN + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $76,000 is reasonable (approximately the 25th 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.