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PeerBasis
Compensation Comparability Determination

Farmstead Preschool

Executive Director / CEO

EIN 421336040
IA · NTEE B21Z
FY ending 2024-04-30
June 9, 2026

This analysis benchmarks the total compensation of Stephanie Hasen, Executive Director / CEO ($42,212) against every comparable organization that fit the selection criteria — 170 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 62nd percentile of comparable organizationswithin the typical range

Benchmarked executive: Stephanie Hasen — reported title “DDIRECTOR”, selected as the organization's highest-paid individual — no exact title match, so confirm this is a comparable role.

How comparable organizations were selected

170 organizations qualified on sector, size, and geography 170 within the band form the benchmarked peer set.

Distribution of comparable compensation

$518 total compensation of comparable organizations → $131,120 $42,212
$10,84210th
$26,81325th
$37,971Median
$49,71475th
$58,19990th
$42,212This org · 62nd
p10$10,842
p25$26,813
p50$37,971
p75$49,714
p90$58,199
$42,212

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
Buttons & Bows Nursery School Inc IL$207,947 President/teach $33,813 $29,577 2025
Little Scholars Academy GA$207,501 Executive Dir. $42,350 $38,890 2024
Tiny Tots Learning Center NY$209,688 Trustee $37,283 $30,769 2024
Kaleidoscope Montessori Inc GA$209,957 Director $69,625 $62,289 2025
Willson Preschool Inc MT$210,188 Executive Dir. $34,768 $33,346 2025
Canaan Development Foundation IL$211,246 Director $51,264 $46,029 2024
Sunshine School Inc MA$205,523 President $56,920 $45,510 2025
Midsouth Montessori Center TN$205,520 Executive Director $69,500 $65,001 2025
Silverspot Nursery School CA$205,277 Teacher/director $79,177 $64,286 2023
The Big Barn Preschool IL$205,060 President $9,965 $8,947 2024
Field Station Cooperative Incorporated IN$212,440 Executive Director $16,659 $16,519 2023
Sparkle Touch Learning Academy Inc IN$213,022 President/director $46,171 $45,782 2023
First Steps Preschool OH$203,672 Preschool Director $36,965 $35,757 2024
Woodside Nursery School NY$213,543 Trustee $19,800 $16,341 2024
Apple Tree Preschool Inc NY$213,673 Director Of The Preschool $33,930 $27,280 2025
Westside Early Education IA$203,309 Director, Teacher $41,151 $40,090 2025
St Paul's Weekday Nursery School Inc MA$213,947 Nursery School Director $40,000 $31,982 2025
The Neighborhood Playschool CO$215,847 Officer $55,000 $46,924 2025
Norwood Cooperative Nursery School Inc MA$200,772 Executive Director $50,164 $41,170 2024
Arizona Head Start Association AZ$216,750 Executive Director $80,692 $72,968 2023
Trinity Day School Of Newtown Inc CT$200,254 Director $47,840 $40,966 2024
Whitefish United Methodist Childrens Ce MT$217,376 Executive Dir. $50,529 $49,745 2024
Miss Kates Pre K Inc FL$217,749 Managing Director $41,600 $36,746 2023
Promiseland Preschool Inc AZ$217,865 President $60,800 $53,403 2024
Francis Kiddie Kollege Preschool Inc CA$199,112 Executive Director $41,017 $33,303 2023

Comp (reported) is the figure on each organization's Form 990 (columns D + F); Comp (adjusted) normalizes it to IA 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 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 default62nd
Total compensation (D + F), as reported (no adjustments)51st
Reportable pay only (column D), adjusted64th
All sources (D + E + F), adjusted61st

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 (Stephanie Hasen) 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 170 similarly situated organizations (Same NTEE sector (B21), nationwide + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $42,212 is reasonable (approximately the 62nd 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.