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PeerBasis
Compensation Comparability Determination

Blades Economic Development Corporation

Executive Director / CEO

EIN 510362437
DE · NTEE S300
FY ending 2024-06-30
June 9, 2026

This analysis benchmarks the total compensation of Ed Cranston, Executive Director / CEO ($19,200) against every comparable organization that fit the selection criteria — 98 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 18th percentile of comparable organizationsbelow the typical range for comparable organizations

Benchmarked executive: Ed Cranston — reported title “Dockmaster”, selected as the organization's highest-paid individual — no exact title match, so confirm this is a comparable role.

How comparable organizations were selected

98 organizations qualified on sector, size, and geography 98 within the band form the benchmarked peer set.

Distribution of comparable compensation

$2,321 total compensation of comparable organizations → $177,943 $19,200
$11,44310th
$31,81825th
$60,637Median
$80,31475th
$96,51690th
$19,200This org · 18th
p10$11,443
p25$31,818
p50$60,637
p75$80,314
p90$96,516
$19,200

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 DE 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
Keyah Advanced Rural Manufacturing Alliance NM$190,416 Chief Executive Officer $60,500 $66,456 2024
Chautauqua Opportunities For NY$191,315 Ceo $20,241 $18,680 2024
Foodworks Alliance Llc OH$195,468 Executive Di $34,678 $38,619 2023
Catalyst Community Capital Inc FL$195,564 Ceo / Board Member $11,002 $10,867 2023
Emancipation Economic Development Council TX$198,287 Executive Director $93,674 $95,698 2024
The Quilt Corporation Nfp Inc IL$183,028 President $11,700 $11,747 2024
Sustain Blaine Inc ID$182,961 Executive Director $110,000 $119,508 2024
Gallatin Valley Foundation For Economic MT$182,243 Executive Dir $12,546 $13,812 2024
Twin Cities Innovation Alliance MN$181,975 Founder Board Member $71,030 $69,832 2025
Healthy Neighborhood Enterprises VA$200,019 Executive Director $65,337 $66,332 2023
Perris Community Economic Development Co CA$200,227 Chief Executive Director $27,674 $25,126 2023
Lincoln County Economic Development Corporation CO$178,950 Executive Director $80,000 $78,343 2024
California Urban Partnership CA$178,480 President & Ceo $82,000 $74,450 2023
Crazy Love Africa CO$203,713 Executive Director $11,000 $11,090 2023
Southeastern Vermont Economic VT$176,768 Executive Director $4,455 $4,715 2023
Montana West Economic Development MT$205,356 President/ceo $11,287 $12,426 2024
Retail Advancement Fund VA$175,000 President/ceo $21,211 $20,916 2024
Stanly County Convention And Vistiors Bureau Inc NC$206,625 Director $50,977 $52,407 2025
Common Wealth Inc OH$208,039 Executive Director $34,698 $37,533 2024
Circular Philadelphia PA$173,164 Board Member $38,556 $40,428 2023
Old Town Commercial Association MI$208,424 Executive Director $66,308 $69,898 2024
Northwest Wisconsin Economic WI$208,540 Fiscal Manager $44,333 $47,285 2024
Gateway South Innovation District MO$209,054 President $63,747 $70,992 2023
Downtown Hays Development Corporation KS$171,029 Executive Director $63,414 $72,033 2023
Elwood Community Development Corporation IN$210,909 Executive Director $7,097 $7,644 2024

Comp (reported) is the figure on each organization's Form 990 (columns D + F); Comp (adjusted) normalizes it to DE 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 DE 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 default18th
Total compensation (D + F), as reported (no adjustments)17th
Reportable pay only (column D), adjusted28th
All sources (D + E + F), adjusted10th

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 (Ed Cranston) 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 98 similarly situated organizations (Same NTEE sector (S30), nationwide + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $19,200 is reasonable (approximately the 18th 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.