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PeerBasis
Compensation Comparability Determination

Glodev Inc

Executive Director / CEO

EIN 454382475
FL · NTEE Q33
FY ending 2024-12-31
June 9, 2026

This analysis benchmarks the total compensation of Tim Lovelace, Executive Director / CEO ($2,658) against every comparable organization that fit the selection criteria — 50 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 2nd percentile of comparable organizationsbelow the typical range for comparable organizations

Benchmarked executive: Tim Lovelace — reported title “CEO”, a direct title match to the Executive Director / CEO role.

How comparable organizations were selected

50 organizations qualified on sector, size, and geography 50 within the band form the benchmarked peer set.

Distribution of comparable compensation

$430 total compensation of comparable organizations → $146,763 $2,658
$10,41810th
$17,61225th
$39,710Median
$73,11675th
$108,03690th
$2,658This org · 2nd
p10$10,418
p25$17,612
p50$39,710
p75$73,116
p90$108,036
$2,658

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 FL 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
Compass Rose International CO$124,890 Ceo & Board President $32,650 $34,310 2023
Burkina Faso Outreach Inc MO$126,166 President $65,001 $73,285 2024
Wholehearted Home Inc FL$126,449 President $38,750 $39,895 2023
Yeshua Medical Ministries Inc NC$129,809 President $12,000 $12,859 2025
Medical Teams Worldwide TN$130,259 Director/president $11,980 $13,059 2025
Overseas Tribal Services Inc Ots CO$131,089 Employee $39,328 $40,142 2024
Texas Water Mission Inc TX$116,927 Executive Director $30,000 $31,944 2024
Shoulder To Shoulder Ministries Inc FL$135,560 President $73,240 $73,240 2024
The Tia Foundation Inc AZ$136,226 President Ceo $71,433 $73,129 2024
Pace Universal CA$136,954 Founder $57,450 $54,367 2023
Mountaintop International DC$138,462 Ceo $40,999 $39,429 2023
Economic Development And Empowerment Through Mentoring MA$139,080 Excecutive Director $11,450 $10,953 2024
Open Arms Foundation Inc WV$139,946 Board Chair $50,350 $58,031 2024
Guatemala Healing Hands Foundation Inc NY$142,751 President $20,351 $19,071 2025
Focus Builders International TX$143,877 President $27,000 $28,009 2025
Codespa America DC$144,538 Executive Director $128,057 $119,620 2024
Worldhope Corps Inc CA$104,857 Exec Director $24,000 $22,712 2023
Destined For Grace Children's Relief CA$104,521 Ceo $119,710 $107,199 2025
Funds For The Missions Inc TX$103,696 Chief Executive Officer $6,470 $7,093 2023
World Share Usa CA$100,888 President $43,000 $39,525 2024
Ukraine Childrens Aid Fund Inc MD$100,435 Managing Dir. $99,000 $98,524 2024
Fs Home Owners Foundation Inc CT$149,575 Secretarytreasurer $431 $430 2024
Missioneer International Inc GA$151,701 Executive Director & Trust $16,000 $17,125 2024
Hearing Heart Missions MN$152,015 President $12,579 $13,231 2024
Puentes De Esperanza IN$154,306 President $50,000 $57,786 2023

Comp (reported) is the figure on each organization's Form 990 (columns D + F); Comp (adjusted) normalizes it to FL 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 FL 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 default2nd
Total compensation (D + F), as reported (no adjustments)2nd
Reportable pay only (column D), adjusted4th
All sources (D + E + F), adjusted36th

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 (Tim Lovelace) 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 50 similarly situated organizations (Same NTEE sector (Q33), nationwide + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $2,658 is reasonable (approximately the 2nd 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.