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PeerBasis
Compensation Comparability Determination

Golconda Foundation Inc

Executive Director / CEO

EIN 731552729
OK · NTEE B82
FY ending 2024-12-31
June 9, 2026

This analysis benchmarks the total compensation of David C Bolding, Executive Director / CEO ($9,750) against every comparable organization that fit the selection criteria — 63 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 29th percentile of comparable organizationswithin the typical range

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

How comparable organizations were selected

63 organizations qualified on sector, size, and geography 63 within the band form the benchmarked peer set.

Distribution of comparable compensation

$1,006 total compensation of comparable organizations → $230,914 $9,750
$4,15910th
$7,66725th
$23,161Median
$47,54675th
$75,62090th
$9,750This org · 29th
p10$4,159
p25$7,667
p50$23,161
p75$47,546
p90$75,620
$9,750

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 OK 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
Wichita Falls Prca Rodeo Association TX$64,067 President $5,000 $4,542 2024
High Plains Mental Health Center KS$62,337 Executive Director $48,469 $47,553 2024
Wsna Scholarship And Research WA$61,216 Secretary $2,065 $1,679 2024
United Food And Commercial Workers OH$68,518 Trustee $34,141 $32,839 2024
Aci-na Educational Foundation DC$58,619 President & Ceo $75,017 $59,783 2024
Bricklayers And Allied Craft Workers NY$58,095 Director/presid $144,276 $118,397 2024
New York Press Association Scholarship NY$70,106 Secretary $15,600 $12,802 2024
South Dakota Farmers Union Foundati SD$70,679 President $3,995 $4,122 2023
Independent Sports Club Of Central IL$55,835 Treasurer $3,200 $2,784 2025
Wpma Scholarship Foundation UT$72,092 Secretary/treasurer $31,724 $28,726 2025
Maine Children's Scholarship Fund ME$72,109 Program Dire $19,488 $17,722 2024
Mz Foundation TX$72,332 Executive Director $254,189 $230,914 2024
Wireless Infrastructure Association VA$53,833 President $42,749 $37,485 2024
Lift Womens Foundation IL$73,534 Executive Director $13,085 $11,683 2024
Fsa Scholarship Foundation TX$53,115 Executive Director $17,400 $16,274 2023
Denny Family Foundation VT$74,178 President $46,571 $43,827 2023
Onnemi International Ministries TX$74,227 Vice President Missionary $30,296 $26,812 2025
Hepburn Bootstrap Foundation Inc WI$52,463 Assistant Secretary $57,748 $56,389 2023
Delores A Sachs Charitable Trust WI$74,789 Trustee $12,929 $12,262 2024
Otho Davis Scholarship Foundat NJ$52,243 Exec Director $20,000 $16,217 2024
Ohio Contractors Association Advancement OH$51,788 Treasurer/secretary $49,422 $47,538 2024
Yau High School Sciences Awards MA$51,477 Treasurer/director $9,416 $7,911 2023
Airmen Memorial Foundation Inc MD$51,291 Treasurer $8,743 $7,423 2024
Vada Charitable Foundation Inc VA$75,990 President $90,961 $77,704 2025
Ilpa Scholarships Forever Inc IA$50,432 Executive Di $5,764 $5,901 2023

Comp (reported) is the figure on each organization's Form 990 (columns D + F); Comp (adjusted) normalizes it to OK 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 OK 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 default29th
Total compensation (D + F), as reported (no adjustments)27th
Reportable pay only (column D), adjusted71st
All sources (D + E + F), adjusted21st

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 C Bolding) 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 63 similarly situated organizations (Same NTEE sector (B82), nationwide + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $9,750 is reasonable (approximately the 29th 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.