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PeerBasis
Compensation Comparability Determination

Stove Works

Executive Director / CEO

EIN 821351758
TN · NTEE A20
FY ending 2023-12-31
June 9, 2026

This analysis benchmarks the total compensation of Charlotte Caldwell, Executive Director / CEO ($6,000) against every comparable organization that fit the selection criteria — 304 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 7th percentile of comparable organizationsbelow the typical range for comparable organizations

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

How comparable organizations were selected

304 organizations qualified on sector, size, and geography 304 within the band form the benchmarked peer set.

Distribution of comparable compensation

$260 total compensation of comparable organizations → $264,784 $6,000
$8,85010th
$22,71825th
$40,576Median
$57,40275th
$72,39890th
$6,000This org · 7th
p10$8,850
p25$22,718
p50$40,576
p75$57,402
p90$72,398
$6,000

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 TN 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
A Blade Of Grass Fund NY$268,734 Interim Executive Director $111,932 $96,224 2023
Can Foundation VA$268,491 Treasurer $620 $570 2023
Englewood Cultural Arts Center CO$269,096 Executive Dir. $24,000 $21,265 2024
Museum Of Contemporary Art Santa Barbara CA$267,953 Executive Director $48,038 $38,331 2024
Northen Culture Exchange AK$269,815 Secretarydired $41,500 $37,746 2023
Ely Folk School MN$267,705 Program Director $40,165 $37,757 2023
J Austin White Cultural Center Inc AR$269,962 Executive Di $46,500 $48,299 2024
Youth Art Team IA$270,875 Executive Director $91,450 $92,527 2024
Arts Longview TX$266,310 Executive Director $52,597 $48,618 2024
Dulce Upfront Labs CA$265,904 Co-director $44,316 $35,361 2024
San Francisco International Arts Festival Inc CA$265,801 President, Executive Director $70,000 $55,855 2024
Big Medium TX$272,568 Executive Director $88,723 $82,011 2024
Immersive Arts Alliance CA$264,651 Exec Directo $24,500 $20,127 2023
Carnegie Visual Arts Center Inc AL$264,371 Executive Di $44,000 $43,925 2024
Pasacat Inc CA$264,275 Executive Director Administra $5,700 $4,683 2023
Rhode Island Black Storytellers RI$263,583 Executive Director $60,643 $53,733 2024
Godfrey Daniels PA$274,421 Executive Director $40,000 $36,860 2024
Orion Art Center MI$275,474 Executive Di $53,309 $50,846 2024
Que-os NC$261,808 Executive Director $79,186 $73,658 2025
Rockport Cultural Arts District TX$261,701 Executive Director $76,000 $72,325 2023
Friends Of The Chief Foundation Inc CO$275,989 Executive Director $9,500 $9,744 2021
Boston Art Review Inc MA$276,312 President $74,906 $62,200 2024
Canyon Cinema Foundation CA$261,223 Executive Director $58,708 $48,228 2023
People And Stories Gente Y Cuentos NJ$276,496 Exec. Direct $69,731 $57,530 2024
Next Edge Arts Inc NY$277,332 Artistic Dir $10,250 $8,812 2023

Comp (reported) is the figure on each organization's Form 990 (columns D + F); Comp (adjusted) normalizes it to TN 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 TN 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 default7th
Total compensation (D + F), as reported (no adjustments)6th
Reportable pay only (column D), adjusted8th
All sources (D + E + F), adjusted6th

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 (Charlotte Caldwell) 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 304 similarly situated organizations (Same NTEE sector (A20), nationwide + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $6,000 is reasonable (approximately the 7th 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.