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PeerBasis
Compensation Comparability Determination

Bfb Foundation Inc

Executive Director / CEO

EIN 452402969
NC · NTEE B11
FY ending 2023-12-31
June 9, 2026

This analysis benchmarks the total compensation of Elizabeth Love Maddrey, Executive Director / CEO ($18,750) against every comparable organization that fit the selection criteria — 116 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 34th percentile of comparable organizationswithin the typical range

Benchmarked executive: Elizabeth Love Maddrey — reported title “EXECUTIVE DIRECTOR (ENDED 5/2023)”, a direct title match to the Executive Director / CEO role.

How comparable organizations were selected

116 organizations qualified on sector, size, and geography 116 within the band form the benchmarked peer set.

Distribution of comparable compensation

$410 total compensation of comparable organizations → $295,717 $18,750
$5,41010th
$14,14725th
$25,675Median
$57,32475th
$82,69190th
$18,750This org · 34th
p10$5,410
p25$14,147
p50$25,675
p75$57,324
p90$82,691
$18,750

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 NC 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
Vanguard School Foundation Inc FL$198,554 Head Of School $18,159 $16,510 2023
The Citadel Real Estate Foundation SC$201,708 Executive Director $122,625 $123,809 2023
Clark-pleasant Education Foundation IN$197,871 Executive Di $19,100 $18,934 2024
Whitefish School District Education Foundation MT$202,027 Executive Director $22,917 $23,222 2024
Argyle Education Foundation TX$197,529 Aef Director $77,120 $72,518 2024
La Vega Pirates Education Foundation TX$194,234 Executive Director $10,000 $9,403 2024
Heritage Mission Foundation Inc IN$192,847 Secretary $23,800 $23,593 2024
Putnam Education Partnership Foundation TN$208,115 Director $23,200 $22,924 2024
St Cloud State University Alumni MN$209,881 Executive Director $25,055 $23,273 2024
Peace Academic Center Inc KS$210,137 Secretary/administrator $36,000 $37,640 2023
Microenterprise Collaborative CA$187,555 Executive Dir. $106,411 $88,928 2023
Harbor Springs Ram Boosters MI$186,815 Treasurer $3,600 $3,493 2024
The Educators' Cooperative TN$214,686 Executive Director $40,000 $39,524 2024
Chico Cheer All Stars Inc CA$184,735 Director And President $30,000 $24,352 2024
Lee County Education Foundation NC$184,531 Executive Director $4,500 $4,500 2023
Trinity Education Foundation WA$215,309 Interim Executive Director $83,062 $71,972 2023
Concordia Lutheran Schools Of Omaha NE$183,176 President $67,643 $70,412 2023
Friends Of The Pool Inc FL$217,448 Executive Director $44,000 $40,004 2023
Winchester Education Foundation Inc VA$181,748 Executive Director $14,394 $13,451 2023
City Of Orange Public Library Foundation CA$218,507 Executive Director $42,000 $34,092 2024
St Charles City County Library MO$180,821 Library Foundation Directo $17,144 $17,069 2024
Omart Women Supporting Women PA$219,279 President $48,201 $45,185 2024
Cencal Youth Sports CA$219,561 Executive Director $24,400 $19,806 2024
Mike Steele Foundation For Communities In Schools TX$180,023 President & Ceo $8,035 $7,555 2024
Savannah Classical Academy GA$179,227 Executive Di $110,557 $107,584 2023

Comp (reported) is the figure on each organization's Form 990 (columns D + F); Comp (adjusted) normalizes it to NC cost of living and 2023 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 NC 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 default34th
Total compensation (D + F), as reported (no adjustments)34th
Reportable pay only (column D), adjusted60th
All sources (D + E + F), adjusted22nd

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 (Elizabeth Love Maddrey) 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 116 similarly situated organizations (Same NTEE sector (B11), nationwide + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $18,750 is reasonable (approximately the 34th 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.