Executive Director / CEO
This analysis benchmarks the total compensation of Lee Waldo, Executive Director / CEO ($53,625) against every comparable organization that fit the selection criteria — 107 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.
Compensation sits at approximately the 50th percentile of comparable organizationswithin the typical range
Benchmarked executive: Lee Waldo — reported title “EXECUTIVE DI”, a direct title match to the Executive Director / CEO role.
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 FL cost of living (BEA RPP, 2023) and to its filing year (CPI-U); the reported amount is on each linked 990.
| Organization | State | Revenue | Matched title | Comp (reported) | Comp (adjusted) | FY |
|---|---|---|---|---|---|---|
| Greater Oneonta Historical Society | NY | $210,971 | Executive Dir. | $59,545 | $60,528 | 2023 |
| Three Rivers Carousel Foundation | WA | $209,800 | Executive Director | $75,195 | $73,560 | 2024 |
| Heritage Tourism Alliance Of Montgomery | MD | $209,050 | Executive Dir. | $93,388 | $98,216 | 2023 |
| Hawaiian Historical Society | HI | $212,439 | Executive Di | $78,204 | $76,503 | 2024 |
| Camp Paxson Preservation Project | MT | $208,048 | Executive Dir. | $30,000 | $36,378 | 2023 |
| Heritage Sylvania Inc | OH | $207,974 | Executive Di | $48,288 | $57,534 | 2023 |
| Virginia Trust For Historic Preservation | VA | $207,370 | Executive Dir. | $74,424 | $78,517 | 2024 |
| Friends Of The Coronado | IL | $214,744 | Executive Di | $85,861 | $92,232 | 2024 |
| The Glenwood Springs Historical | CO | $215,330 | Director | $61,921 | $64,875 | 2024 |
| Iraq And America Entanglement Documentation Project | VA | $202,450 | Director | $13,179 | $13,904 | 2024 |
| Florida Trust For Historic Preservation | FL | $201,911 | Ceo & President | $109,911 | $116,151 | 2023 |
| Shenandoah Valley Black Heritage Project | VA | $223,260 | Executive Director | $49,494 | $52,217 | 2024 |
| Friends Of The Battleship North Carolina | NC | $223,913 | Executive Director | $26,244 | $29,629 | 2024 |
| The Historic Stanley Home Foundatio | CO | $224,515 | Executive Di | $18,000 | $19,416 | 2023 |
| Illinois Labor History Society | IL | $195,970 | Director | $40,935 | $43,972 | 2024 |
| Zachor Holocaust Remembrance Foundation | NV | $194,631 | Trustee | $60,077 | $67,742 | 2023 |
| The Bernard And Shirley Kinsey Foundation For Arts And Education | CA | $193,745 | Vice President And General Manager | $80,000 | $75,481 | 2024 |
| Young Preservationists Association Of Pittsburgh | PA | $228,825 | Executive Director | $82,046 | $92,040 | 2023 |
| Western New York Heritage Inc | NY | $229,630 | Executive Director | $55,000 | $54,304 | 2024 |
| African American Heritage Trail | MA | $229,827 | Ceo | $26,000 | $25,529 | 2024 |
| Coupeville Historic Waterfront | WA | $230,046 | Executive Dir. | $30,459 | $29,797 | 2024 |
| Moffett Field Historical Society | CA | $189,782 | Executive Director | $46,880 | $43,091 | 2025 |
| Trust For Architectural Easements | DC | $189,152 | President | $77,891 | $74,684 | 2024 |
| Historic Rittenhousetown Inc | PA | $231,918 | Executive Director | $64,773 | $70,579 | 2024 |
| Preserve Chattanooga Inc | TN | $186,750 | Executive Director | $95,727 | $109,945 | 2024 |
Comp (reported) is the figure on each organization's Form 990 (columns D + F); Comp (adjusted) normalizes it to FL cost of living and 2025 dollars. Click any organization to verify the figure on ProPublica.
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 FL 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.
Sensitivity — the subject's percentile under alternative compensation definitions:
| Basis | Subject percentile |
|---|---|
| Total compensation (D + F), cost-of-living + inflation adjusted — the PeerBasis default | 50th |
| Total compensation (D + F), as reported (no adjustments) | 55th |
| Reportable pay only (column D), adjusted | 51st |
| All sources (D + E + F), adjusted | 47th |
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.
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
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.