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PeerBasis
Compensation Comparability Determination

Homewood Water Association Inc

Executive Director / CEO

EIN 640508855
MS · NTEE W80
FY ending 2025-05-31
June 9, 2026

This analysis benchmarks the total compensation of David Foreman, Executive Director / CEO ($1,200) against every comparable organization that fit the selection criteria — 402 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 1st percentile of comparable organizationsbelow the typical range for comparable organizations

Benchmarked executive: David Foreman — reported title “PRESIDENT”, a direct title match to the Executive Director / CEO role.

How comparable organizations were selected

402 organizations qualified on sector, size, and geography 402 within the band form the benchmarked peer set.

Distribution of comparable compensation

$125 total compensation of comparable organizations → $786,329 $1,200
$15,19410th
$33,73725th
$65,413Median
$97,47775th
$137,06390th
$1,200This org · 1st
p10$15,194
p25$33,737
p50$65,413
p75$97,477
p90$137,063
$1,200

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 MS 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
Seeds Family Worship Inc TN$396,767 President $75,100 $72,753 2024
True Texas Education Corporation TX$393,945 Director $100,000 $92,191 2024
Fairvote Minnesota Foundation MN$397,347 Executive Director $101,632 $92,553 2024
Good Street Inc TX$393,544 Director Of Csr $105,000 $96,801 2024
Dress For Success Denver CO$399,056 Executive Director $77,598 $70,601 2023
Urbanpromise Los Angeles Inc CA$399,429 Executive Director $90,766 $72,234 2024
Outdoor Association For True Heroes Inc TX$391,677 Founder, Executive Directo $96,000 $88,504 2024
Allegheny Force Football Club PA$400,190 Director Of Coaching $52,395 $49,577 2023
Dallas Education Collective TX$391,000 President $61,153 $56,378 2024
Honoring Our Fallen CA$390,886 Ceo\founder $78,667 $62,605 2024
Zero Debt Massachusetts Inc MA$400,366 Executive Director $84,212 $71,803 2023
The Step Two Policy Group Inc NY$400,506 Exec Director, Director.secy $225,000 $182,551 2025
Mnh Garageco Inc NY$400,705 Chair $68,593 $58,812 2023
South Dakota Agriculture And Rural SD$390,118 Ceo Thru Nov $116,600 $122,101 2023
Adventure U CO$389,731 President $124,963 $110,433 2024
Newby-ginnings Of North Idaho Inc ID$401,878 Executive Director $52,000 $52,487 2023
National Infrastructure Safety Foundation VA$389,216 Chairman And Founder $148,770 $132,386 2024
Raising Multicultural Kids MA$402,135 Ex. Director $86,800 $70,034 2025
Pennsylvania Policy Center PA$389,066 President/ce $32,352 $29,734 2024
Disability Empowher Network Inc NY$402,588 Executive Director $40,092 $34,375 2023
Maven Leadership Collective FL$403,975 Founder & Creative Dir $104,483 $93,133 2023
Department Of Sc Vfw Of United States SC$404,075 Service Officer $56,000 $52,455 2025
Noe Valley Association CA$405,291 Exec/secr $42,000 $33,424 2024
Kck 501 Minnesota Inc KS$385,612 Vice President $61,208 $60,942 2024
Patriotic Hearts Inc CA$405,941 Member Represe $58,000 $46,158 2024

Comp (reported) is the figure on each organization's Form 990 (columns D + F); Comp (adjusted) normalizes it to MS cost of living and 2025 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 MS 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 default1st
Total compensation (D + F), as reported (no adjustments)0th
Reportable pay only (column D), adjusted7th
All sources (D + E + F), adjusted1st

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 (David Foreman) 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 402 similarly situated organizations (Same NTEE major group (W), nationwide + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $1,200 is reasonable (approximately the 1st 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.