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PeerBasis
Compensation Comparability Determination

Leonardo's Basement

Executive Director / CEO

EIN 411911604
MN · NTEE P20
FY ending 2024-12-31
June 9, 2026

This analysis benchmarks the total compensation of Tracy Nielsen, Executive Director / CEO ($68,750) 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 63rd percentile of comparable organizationswithin the typical range

Benchmarked executive: Tracy Nielsen — reported title “CO-EXECUTIVE DIRECTOR”, a direct title match to the Executive Director / CEO 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

$9,742 total compensation of comparable organizations → $100,962 $68,750
$21,28010th
$46,61825th
$59,684Median
$71,76075th
$95,19590th
$68,750This org · 63rd
p10$21,280
p25$46,618
p50$59,684
p75$71,760
p90$95,195
$68,750

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
Brothers Empowered MN$410,701 Executive Director And Board Chair $65,000 $66,920 2023
Ebenezer Ridge Point Apartments Inc MN$419,868 President, End 9-2024 $70,974 $70,974 2024
Aitkin County Care Inc MN$384,563 Executive Di $52,598 $52,598 2024
Elevate Hope House MN$424,123 President Fo $10,000 $9,742 2025
Minnesota Youth Ski League MN$426,240 Executive Director $69,054 $69,054 2024
The Man Up Club MN$375,696 Executive Dir. $40,000 $40,000 2024
Innovative Soulutions MN$357,353 Executive Director $36,400 $36,400 2024
Breakthrough Ministries Inc MN$356,206 President & Ceo $72,000 $74,127 2023
Monticello Christian Social Services Inc MN$453,407 Executive Dir. $63,240 $65,108 2023
Love Inc - Heartland MN$460,269 Executive Di $74,119 $74,119 2024
Nursing Heart Inc MN$334,147 Executive Director $70,000 $70,000 2024
Southwest Options For Women MN$488,826 Executive Director $100,962 $100,962 2024
Lakes Life Care Center Inc MN$317,595 Director $10,800 $10,800 2024
Atlas Of Rock County MN$316,230 Director $53,166 $54,736 2023
Oasis Central Minnesota Inc MN$492,322 Executive Director $46,184 $46,184 2024
Common Cup Ministry Inc MN$309,122 Executive Di $60,500 $62,287 2023
Settled Incorporated MN$506,185 Ceo $54,900 $56,522 2023
Midwest Outdoors Unlimited Inc MN$295,577 President $49,500 $49,500 2024
Mending The Sacred Hoop MN$513,458 Executive Director $93,205 $93,205 2024
The Organization Of Liberians In Minnesota MN$513,606 Executive Director $57,081 $57,081 2024
Bread Of Life Ministries Of Minnesota MN$287,826 President/treas $14,800 $14,800 2024
Love In The Name Of Christ - Big Wo MN$272,036 Executive Di $48,000 $46,763 2025
Ayada Leads MN$592,402 Executive Director $97,709 $97,709 2024
Trust Inc MN$597,743 Executive Di $96,048 $96,048 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 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 default63rd
Total compensation (D + F), as reported (no adjustments)63rd
Reportable pay only (column D), adjusted71st
All sources (D + E + F), adjusted63rd

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 (Tracy Nielsen) 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 sector (P20) + MN + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $68,750 is reasonable (approximately the 63rd 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.