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PeerBasis
Compensation Comparability Determination

Algiers Economic Development Foundation

Executive Director / CEO

EIN 721275640
LA · NTEE S31
FY ending 2025-06-30
June 9, 2026

This analysis benchmarks the total compensation of Kelsey Foster, Executive Director / CEO ($72,042) against every comparable organization that fit the selection criteria — 101 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 65th percentile of comparable organizationswithin the typical range

Benchmarked executive: Kelsey Foster — reported title “FORMER EXECUTIVE DIRECTOR”, a direct title match to the Executive Director / CEO role.

How comparable organizations were selected

101 organizations qualified on sector, size, and geography 101 within the band form the benchmarked peer set.

Distribution of comparable compensation

$53 total compensation of comparable organizations → $223,768 $72,042
$8,14510th
$23,89825th
$52,582Median
$82,89975th
$117,15090th
$72,042This org · 65th
p10$8,145
p25$23,898
p50$52,582
p75$82,899
p90$117,150
$72,042

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
Aerozone Alliance OH$314,982 Executive Director $226,641 $223,768 2024
Regional Economic Development PA$323,611 President $67,544 $62,789 2024
Opportunity Transformation Investments IL$326,850 President $30,240 $27,713 2024
Brightwood Development Corporation MA$327,011 Clerk $16,300 $14,057 2023
Vaya Verde NM$328,170 Executive Di $68,731 $70,946 2023
Pederec Inc VA$308,373 Director $58,420 $52,582 2024
Penn's Northeast Inc PA$332,073 President/ceo $140,538 $127,277 2025
Your Store Of The Queen City OH$305,411 Executive Director $8,762 $8,906 2023
Washington Heights And Inwood NY$332,663 Executive Director $115,195 $99,900 2023
Bee Area Partnership Inc TX$336,125 Ceo $143,750 $138,002 2023
West Line Corridor Collaborative CO$337,562 Executive Director $108,000 $96,536 2024
Johnstown Industrial Development Corpora PA$300,167 Former President, Ceo $41,441 $38,523 2024
West Lakes Partnership Inc FL$339,188 Executive Di $89,000 $77,939 2024
Growing High Point NC$298,351 Executive Di $75,000 $72,239 2024
Renewable Manufactuing Gateway PA$340,108 Executive Director $87,400 $81,247 2024
Springfield Cultural Partnership Inc MA$340,593 Exec Director $93,855 $76,593 2025
Jeffersonville Urban Enterprise IN$295,205 Executive Director $5,000 $4,915 2024
Willow Springs Community Foundation MO$295,121 Executive Director $53,300 $52,624 2024
St Bernard Economic Development Foundat LA$343,130 Ceo $130,500 $137,909 2023
Plano Improvement Corporation TX$344,804 President $63,191 $58,924 2024
Common Ground Works Inc WI$292,983 Executive Director $23,192 $23,245 2023
Mlk Avenue Redevelopment Corp AL$292,407 Executive Di $90,000 $93,313 2023
The Urban Conservancy LA$346,884 Executive Director $106,463 $109,280 2024
Lakeview Community Partnership OR$288,876 Secretary/treasurer $4,438 $3,842 2024
Stockyards Preservation Foundation Of Fort Worth TX$349,457 Secretary & Treasurer $6,000 $5,595 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 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 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 default65th
Total compensation (D + F), as reported (no adjustments)61st
Reportable pay only (column D), adjusted67th
All sources (D + E + F), adjusted49th

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 (Kelsey Foster) 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 101 similarly situated organizations (Same NTEE sector (S31), nationwide + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $72,042 is reasonable (approximately the 65th 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.