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PeerBasis
Compensation Comparability Determination

Growgood Inc

Executive Director / CEO

EIN 455472840
CA · NTEE P85
FY ending 2023-12-31
June 9, 2026

This analysis benchmarks the total compensation of Meghan Steed, Executive Director / CEO ($97,146) against every comparable organization that fit the selection criteria — 87 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 90th percentile of comparable organizationswithin the typical range

Benchmarked executive: Meghan Steed — reported title “EXECUTIVE DIRECTOR”, a direct title match to the Executive Director / CEO role.

How comparable organizations were selected

87 organizations qualified on sector, size, and geography 87 within the band form the benchmarked peer set.

Distribution of comparable compensation

$5,322 total compensation of comparable organizations → $133,661 $97,146
$22,90010th
$43,17125th
$63,060Median
$80,88575th
$98,36790th
$97,146This org · 90th
p10$22,900
p25$43,171
p50$63,060
p75$80,885
p90$98,367
$97,146

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 CA 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
Little Birthday Angels Inc FL$356,626 Executive Di $51,201 $54,105 2024
Friends Of The Carpenter WA$357,085 Executive Director $53,371 $53,749 2024
Every Avenue TX$350,028 Ceo $100,000 $112,520 2024
Oregon Trail Of Hope OR$360,635 Director Of Development $56,660 $59,187 2024
Kinsman Redeemer Homeless Ministry TN$343,282 Executive Director $16,155 $19,102 2024
Together Helping Others Inc NY$341,620 Chairman $60,000 $62,788 2023
Verde Valley Homeless Coalition AZ$365,915 Executive Dir. $58,462 $63,244 2024
Hands For Homeless Inc FL$367,506 Ceo $30,200 $32,855 2023
Shoreline Community Services CA$369,173 Executive Director $66,008 $66,008 2023
Water Drop CA$334,061 Co-president $6,479 $6,293 2024
Encompass Yamhill Valley OR$375,109 Executive Director $60,223 $62,909 2024
Greater Cincinnati Coalition For The Homeless OH$375,871 Executive Director $47,536 $56,634 2024
Southwest Georgia Housing Opportunities GA$376,580 Executive Director $48,479 $54,830 2024
Help Right Here TN$328,137 Co-executive Director $53,428 $65,038 2023
Serenity Homes MN$327,799 Executive Director $22,000 $25,175 2023
Sisters Of Solace MO$327,391 Executive Di $33,348 $39,730 2024
The Open Door Community (Presbyteri MD$324,893 Former Direc $18,915 $19,891 2024
Cy-fair Helping Hands TX$384,316 Executive Director $73,900 $85,608 2023
The Widows Mite NV$321,504 Board Member, Community Member $24,419 $27,532 2024
Tourettes' Foundation For Needy Children Inc CA$386,297 Executive Director $29,465 $29,465 2023
Shenandoah Alliance For Shelter VA$386,985 Executive Director $51,853 $54,865 2025
Street Ministries Inc OH$319,760 President/executive Director $4,420 $5,421 2023
Isaiah 55 Inc OH$319,550 Founder/ceo $12,000 $14,297 2024
Women's Medical Respite MO$318,497 Executive Director $8,545 $10,181 2024
Bethlehem Emergency Sheltering Inc PA$394,511 Executive Director $62,071 $71,684 2023

Comp (reported) is the figure on each organization's Form 990 (columns D + F); Comp (adjusted) normalizes it to CA 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 CA 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 default90th
Total compensation (D + F), as reported (no adjustments)94th
Reportable pay only (column D), adjusted89th
All sources (D + E + F), adjusted90th

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 (Meghan Steed) 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 87 similarly situated organizations (Same NTEE sector (P85), nationwide + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $97,146 is reasonable (approximately the 90th 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.