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PeerBasis
Compensation Comparability Determination

Wellspring Endowment

Executive Director / CEO

EIN 460849564
TX · NTEE T31
FY ending 2024-12-31
June 9, 2026

This analysis benchmarks the total compensation of Joe Bradford, Executive Director / CEO ($124,318) against every comparable organization that fit the selection criteria — 57 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 95th percentile of comparable organizationsabove the 90th percentile — board review recommended

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

How comparable organizations were selected

57 organizations qualified on sector, size, and geography 57 within the band form the benchmarked peer set.

Distribution of comparable compensation

$1,263 total compensation of comparable organizations → $264,320 $124,318
$10,36510th
$31,58025th
$53,015Median
$77,32975th
$94,77190th
$124,318This org · 95th
p10$10,365
p25$31,580
p50$53,015
p75$77,329
p90$94,771
$124,318

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 TX 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
Weokie Credit Union Foundation OK$288,944 Secretary $72,168 $79,442 2024
Helena Area Community Foundation MT$283,404 Executive Director $65,177 $70,235 2024
Quality Of Life Foundation For Metropolitan Dallas TX$281,782 President $37,003 $37,003 2024
Swift Eagle Charitable Foundation CO$274,262 Executive Dir. $32,000 $31,580 2023
Fleet Landing Endowment Fund Inc FL$305,094 Ceo/secretary $29,980 $28,155 2024
Together Empowered Inc GA$268,542 Clinical Director $11,310 $11,075 2025
Visit Champaign County Foundation IL$266,372 Secretary $125,888 $127,378 2023
Carol Ann Lee Memorial Trust GA$265,062 Former Trustee $30,847 $31,922 2023
Langston Boulevard Alliance VA$316,156 Executive Director $25,640 $24,111 2025
Real Situations Inc OH$255,499 Sports/program Administrator $6,000 $6,353 2024
Lexington Community Foundation NE$321,845 Executive Director $74,995 $80,636 2024
Fields Park Trust GA$322,820 Former Trustee $37,634 $37,829 2024
Rochelle Area Community Foundation IL$252,515 Executive Di $92,084 $90,501 2024
Amenia Wassaic Community Organization NY$323,963 Executive Director $118,510 $107,056 2024
United Way Of Adams County Inc PA$250,888 Executive Dir. $71,169 $70,950 2024
Phoenixville Community Education PA$327,693 Executive Director $45,626 $46,829 2023
Community Foundation Of Merced County CA$332,274 Executive Director $96,154 $83,003 2024
Stillwater Community Healthcare MT$241,012 Ceo $43,294 $46,654 2024
Greater Cabarrus Foundation NC$340,735 President And Ceo $65,000 $67,141 2024
Middletown Community Foundation Inc PA$235,127 Executive Di $5,000 $5,132 2023
Bridgeport Public Education Fund Inc CT$342,975 Executive Director/secretary $82,500 $77,329 2024
The Freedom To Help Foundation Inc MD$232,308 Executive Director $1,312 $1,263 2023
The Surety Foundation Inc DC$229,532 Sfaa Foundation Liaison $57,126 $50,114 2024
The Pearl Foundation Of The TN$227,530 Program Direct $55,650 $58,478 2024
Hawaii Va Foundation HI$225,981 Board Chair/ $4,800 $4,296 2024

Comp (reported) is the figure on each organization's Form 990 (columns D + F); Comp (adjusted) normalizes it to TX 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 TX 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 default95th
Total compensation (D + F), as reported (no adjustments)96th
Reportable pay only (column D), adjusted98th
All sources (D + E + F), adjusted75th

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 (Joe Bradford) 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 57 similarly situated organizations (Same NTEE sector (T31), nationwide + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $124,318 is reasonable (approximately the 95th 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.