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PeerBasis
Compensation Comparability Determination

Spencer Main Street Company

Executive Director / CEO

EIN 421301066
IA · NTEE S200
FY ending 2025-03-31
June 9, 2026

This analysis benchmarks the total compensation of Nancy Naeve, Executive Director / CEO ($56,680) against every comparable organization that fit the selection criteria — 315 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 43rd percentile of comparable organizationswithin the typical range

Benchmarked executive: Nancy Naeve — 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

315 organizations qualified on sector, size, and geography 315 within the band form the benchmarked peer set.

Distribution of comparable compensation

$572 total compensation of comparable organizations → $233,827 $56,680
$16,99910th
$35,34425th
$61,351Median
$77,65475th
$107,46290th
$56,680This org · 43rd
p10$16,999
p25$35,344
p50$61,351
p75$77,654
p90$107,462
$56,680

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 IA 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
Greater Louisville Foundation Inc KY$363,497 President/ceo $33,738 $33,980 2024
Jackson Hill Main Street Management Corporation NJ$363,560 Executive Director $57,750 $49,765 2023
Ferguson Road Initiative TX$363,705 Executive Director $52,885 $49,593 2024
Rockdale Coalition For Children & Families Inc GA$364,279 Executive Director $82,862 $76,093 2025
Positive Move Nfp IL$361,896 Ceo $69,255 $65,713 2023
Main Street Martinez Inc Dba CA$365,098 Executive Dir. $110,907 $89,779 2024
Paradise Community Homes Inc IN$360,807 Executive Di $4,167 $4,119 2024
Good Capital CO$366,947 President $1,000 $899 2024
Disability Pride Philadelphia Inc PA$359,480 Executive Di $13,500 $12,295 2025
Shasta Living Streets CA$367,637 Executive Director $104,867 $82,702 2025
Progeny Startups Inc TN$367,807 Executive Director $88,461 $87,170 2024
Havre De Grace Arts Collective Inc MD$368,009 Executive Director $70,000 $61,351 2024
Main Street Of Sterling Inc IL$358,284 Executive Di $76,850 $70,827 2024
Southern Boulevard District NY$358,177 Executive Di $82,308 $67,927 2025
City Center Waco TX$368,676 Executive Director $122,708 $115,070 2024
Beloit 2020 Corporation WI$358,017 Ceo $48,000 $46,994 2024
Conference Of Western Wayne MI$357,625 Executive Director $124,206 $120,184 2024
Virginia Park Community Investment Associates Inc MI$357,592 President $3,600 $3,483 2024
Colorado Smart Cities Alliance CO$357,575 Executive Director $152,897 $137,440 2024
Core Services Group Inc NY$357,047 Vp Of General Coun $108,776 $94,867 2023
Austin African American Business Network Nfp IL$356,485 President $55,916 $53,056 2023
The Louisiana Center Against Poverty Inc LA$356,129 Executive Director $55,530 $59,015 2023
Columbus Organizing Project OH$355,451 Lead Organizer $78,901 $78,342 2024
Dimplez 4 Dayz Incorporated PA$355,232 Executive Director $77,000 $74,111 2023
Kodiak Community Support Inc AK$353,699 President 2023 $35,789 $32,076 2024

Comp (reported) is the figure on each organization's Form 990 (columns D + F); Comp (adjusted) normalizes it to IA 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 IA 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 default43rd
Total compensation (D + F), as reported (no adjustments)38th
Reportable pay only (column D), adjusted44th
All sources (D + E + F), adjusted40th

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 (Nancy Naeve) 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 315 similarly situated organizations (Same NTEE sector (S20), nationwide + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $56,680 is reasonable (approximately the 43rd 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.