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PeerBasis
Compensation Comparability Determination

The Kentucky Wool Festival Inc Of

Executive Director / CEO

EIN 611357490
KY · NTEE A23
FY ending 2024-12-31
June 9, 2026

This analysis benchmarks the total compensation of Rick Adams, Executive Director / CEO ($5,850) against every comparable organization that fit the selection criteria — 173 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 5th percentile of comparable organizationsbelow the typical range for comparable organizations

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

How comparable organizations were selected

173 organizations qualified on sector, size, and geography 173 within the band form the benchmarked peer set.

Distribution of comparable compensation

$1,360 total compensation of comparable organizations → $161,643 $5,850
$11,84110th
$26,42225th
$51,029Median
$71,65375th
$88,51890th
$5,850This org · 5th
p10$11,841
p25$26,422
p50$51,029
p75$71,653
p90$88,518
$5,850

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 KY 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
Chitresh Das Institute CA$369,879 Managing Dir $55,691 $46,083 2023
Greek America Cultural And NY$367,037 President $44,000 $38,101 2023
Exhibit J Inc NY$366,615 Director $101,825 $88,173 2023
Institute For The Next Jewish Future Injf IL$371,552 Executive Director $21,212 $19,410 2024
Alliance Francaise Of Westchester NY$372,319 Executive Di $64,104 $53,916 2024
Arte Inc CT$363,919 Executive Director $70,000 $61,090 2024
Web Chaver Inc NJ$375,115 President $47,600 $39,557 2024
Malo Motivating Action Leadership CA$376,017 Founder/exec. Director $127,190 $102,226 2024
East Hawaii Cultural Council HI$377,296 President/ex $50,321 $40,853 2025
Building Youth Through Music WA$358,467 President $131,071 $112,452 2023
Alliance Francaise De Milwaukee Inc WI$358,300 Executive Director $67,708 $65,817 2024
Chaldean Community Council CA$358,275 Director Of Operations $62,500 $51,717 2023
Hispanic Cultural Center Of Midland TX$357,562 Executive Director $65,016 $60,534 2024
Yaffa Cultural Arts Inc NY$379,572 Executive Director $28,064 $24,301 2023
Inchelium Language And Culture Association WA$355,350 Executive Director $84,117 $70,098 2024
Robert Oneal Multicultural Arts Center OH$383,283 Ceo $20,566 $20,873 2023
Knowyourroots CA$383,619 President $27,000 $21,701 2024
The Blavityorg Foundation Inc CA$353,358 Gordon $71,587 $59,236 2023
Hispanic League NC$385,109 Executive Director Through September 2024 $55,531 $53,407 2024
The British-american Project VA$351,541 Project Dir $29,400 $26,422 2024
Seal Inc WI$350,417 Executive Director $54,664 $53,137 2024
Japanese Institute Of Sawtelle CA$350,374 Co-president $45,000 $36,168 2024
Qizhjeh Heritage Institute AK$348,966 President $25,000 $22,904 2023
Bihl Haus Arts Inc TX$388,480 Executive Dir. $91,088 $87,314 2023
Asian Culture Center Of Tennessee TN$348,586 Executive Di $47,000 $47,342 2023

Comp (reported) is the figure on each organization's Form 990 (columns D + F); Comp (adjusted) normalizes it to KY 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 KY 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 default5th
Total compensation (D + F), as reported (no adjustments)5th
Reportable pay only (column D), adjusted6th
All sources (D + E + F), adjusted5th

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 (Rick Adams) 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 173 similarly situated organizations (Same NTEE sector (A23), nationwide + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $5,850 is reasonable (approximately the 5th 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.