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PeerBasis
Compensation Comparability Determination

Hastings College Foundation

Executive Director / CEO

EIN 510247972
NE · NTEE B11
FY ending 2023-06-30
June 9, 2026

This analysis benchmarks the total compensation of Michael Karloff, Executive Director / CEO ($14,228) against every comparable organization that fit the selection criteria — 19 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 16th percentile of comparable organizationsbelow the typical range for comparable organizations

Benchmarked executive: Michael Karloff — reported title “INTERIM EXEC DIRECTOR (END 1/2023)”, selected as the organization's highest-paid individual — no exact title match, so confirm this is a comparable role.

How comparable organizations were selected

19 organizations qualified on sector, size, and geography 19 within the band form the benchmarked peer set.

Distribution of comparable compensation

$2,403 total compensation of comparable organizations → $130,169 $14,228
$7,33510th
$18,06325th
$28,792Median
$54,03675th
$98,94490th
$14,228This org · 16th
p10$7,335
p25$18,063
p50$28,792
p75$54,036
p90$98,944
$14,228

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 NE 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
Coachella Valley Unified School District CA$39,498 President $21,198 $17,019 2023
Green Town Properties Inc NC$39,550 President $91,458 $87,862 2023
Alleghany Highlands Regional Library Foundation VA$39,981 Secretary $22,953 $19,498 2025
West Dallas Community School Foundation TX$36,355 Executive Director $30,958 $28,792 2023
Ahu Ili HI$36,344 President $38,289 $30,957 2024
Kipp St Louis Facilities Fund MO$40,853 Chairman $51,519 $50,733 2023
Marian Middle School Supporting Organiza MO$34,193 President $19,976 $19,107 2024
Jakc Foundation KS$43,884 Chief Executive Officer $14,942 $14,578 2024
Go Topeka Etlc Support Corporation KS$45,915 President $34,884 $35,039 2023
Slover Library Foundation VA$28,481 Chairman & President $145,000 $130,169 2023
The Freidenrich Support Foundation CA$26,259 Director/secretary/treasurer $31,436 $24,514 2024
The Kinkaid Investments Foundation TX$25,940 Cfo $42,194 $39,242 2023
The Drost Family Foundation NY$52,606 Trustee $2,860 $2,403 2023
Barat Education Foundation IL$52,959 Treasurer $3,000 $2,595 2025
The Ivy Foundation VA$54,330 Executive Director $104,004 $93,366 2023
Junior Achievement Of Eastern Iowa IA$54,804 Authorized Agent $8,616 $8,520 2024
Wilson Area Partners In Education Founda PA$57,003 Executive Director $29,446 $27,302 2023
Charles Henry Leach Ii Fund For Duquesne University PA$57,036 Pres/director $134,644 $121,257 2024
Berea College Leverage Lender Inc KY$57,546 President/as President Of Berea College/director $57,401 $57,338 2023

Comp (reported) is the figure on each organization's Form 990 (columns D + F); Comp (adjusted) normalizes it to NE 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 NE 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 default16th
Total compensation (D + F), as reported (no adjustments)16th
Reportable pay only (column D), adjusted0th
All sources (D + E + F), adjusted32nd

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 (Michael Karloff) 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 19 similarly situated organizations (Same NTEE sector (B11), nationwide + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $14,228 is reasonable (approximately the 16th 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.