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PeerBasis
Compensation Comparability Determination

Economic Development Unit Inc

Executive Director / CEO

EIN 720794863
LA · NTEE S31Z
FY ending 2023-12-31
June 9, 2026

This analysis benchmarks the total compensation of Mr James H Raby, Executive Director / CEO ($50) against every comparable organization that fit the selection criteria — 82 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 0th percentile of comparable organizationsbelow the typical range for comparable organizations

Benchmarked executive: Mr James H Raby — reported title “President”, a direct title match to the Executive Director / CEO role.

How comparable organizations were selected

82 organizations qualified on sector, size, and geography 82 within the band form the benchmarked peer set.

Distribution of comparable compensation

$2,007 total compensation of comparable organizations → $211,746 $50
$13,31110th
$30,75425th
$58,569Median
$80,68975th
$110,71690th
$50This org · 0th
p10$13,311
p25$30,754
p50$58,569
p75$80,689
p90$110,716
$50

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 LA 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
Tampa Bay Partnership For Regional FL$231,371 President & Ceo $14,175 $11,746 2024
Downtown Development Corporation IL$233,430 President $24,993 $21,674 2024
Circle Of Life Development Foundation CA$230,432 Cheif Executive Officer $45,000 $39,677 2021
Urban City Codes Technology And Community Resource OH$238,007 President $45,538 $43,802 2023
Keystone Community Corporation MO$225,809 President $8,250 $7,707 2024
Klamath Falls Downtown Association OR$224,126 Executive Director $44,440 $37,479 2023
Tww Nyc Solidarity Inc NY$240,000 President $101,737 $81,093 2024
Parkrose Npi OR$241,082 Executive Dir. $48,750 $39,934 2024
Stevens County Eic Inc MN$241,904 Executive Di $117,188 $102,143 2024
Bogalusa Rebirth LA$221,515 Executive Director $75,938 $73,759 2024
Uptown Westerville Inc OH$220,919 Executive Dir. $68,133 $65,535 2023
Ulster County Economic Development NY$220,210 Ceo/president $16,190 $12,905 2024
Main-dempster Mile IL$245,988 Executive Director $75,000 $65,040 2024
Foundation For A Sustainable Community VA$246,477 Ceo $16,000 $13,627 2024
Northeastern Economic Development Company Of Pa PA$247,257 President And Executive Direc $50,000 $45,282 2023
Aransas County Partnership Edc TX$247,377 President $126,000 $111,179 2024
Natick Center Associates Inc MA$247,738 Executive Di $21,875 $17,339 2024
Toolbox Inc KS$215,572 Executive Director $78,745 $77,258 2023
City Of Kingston Local Development NY$249,090 Executive Director $17,348 $13,828 2024
Greenline Access Capital PA$212,923 President $101,923 $92,306 2023
East Falls Development Corporation PA$251,481 Exec Director $77,449 $68,129 2024
Development Chenango Corporation NY$252,762 Executive Director $16,323 $13,395 2023
Plainfield Central Business District Management Co NJ$253,657 Executive Director $88,846 $69,973 2024
Midtown Elizabeth District Management Corporation Inc NJ$253,742 Executive Director $84,904 $66,868 2024
Faith And Work Enterprises Inc MD$209,546 Exec Director $72,735 $59,983 2024

Comp (reported) is the figure on each organization's Form 990 (columns D + F); Comp (adjusted) normalizes it to LA 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 LA 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 default0th
Total compensation (D + F), as reported (no adjustments)0th
Reportable pay only (column D), adjusted18th
All sources (D + E + F), adjusted0th

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 (Mr James H Raby) 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 82 similarly situated organizations (Same NTEE sector (S31), nationwide + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $50 is reasonable (approximately the 0th 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.