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PeerBasis
Compensation Comparability Determination

Speedwell Projects

Executive Director / CEO

EIN 824089115
ME · NTEE A20
FY ending 2024-12-31
June 9, 2026

This analysis benchmarks the total compensation of Bethany Engstrom, Executive Director / CEO ($33,246) against every comparable organization that fit the selection criteria — 71 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 52nd percentile of comparable organizationswithin the typical range

Benchmarked executive: Bethany Engstrom — reported title “Managing Director”, a direct title match to the Executive Director / CEO role.

How comparable organizations were selected

71 organizations qualified on sector, size, and geography 71 within the band form the benchmarked peer set.

Distribution of comparable compensation

$929 total compensation of comparable organizations → $286,162 $33,246
$5,56410th
$13,10825th
$32,511Median
$51,81475th
$67,20590th
$33,246This org · 52nd
p10$5,564
p25$13,108
p50$32,511
p75$51,814
p90$67,205
$33,246

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 ME 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
Hola Cultura DC$131,035 Executive Director And Director $55,900 $50,435 2023
Culture Mill Inc NC$130,625 Director $46,866 $47,114 2025
Kansas Sampler Foundation Inc KS$130,535 Co-director $100,202 $111,300 2023
Wildstar Academy OR$128,981 Executive Director $6,000 $5,564 2024
Lee County Arts & Community Center NC$134,854 Executive Di $30,897 $32,824 2023
Francis Hardy Center For The Arts WI$127,870 Executive Director $50,000 $52,148 2024
Life On Art CA$125,745 Executive Director (Start 7/2024) $76,154 $65,671 2024
500 Sails MP$125,662 Executive Dir. $61,475 $61,475 2024
12 Dunemere Inc NY$138,477 Executive Director $17,651 $15,929 2024
Chsee Inc NY$123,771 Treasurer $4,760 $4,296 2024
Design Sacramento CA$140,644 Executive Director $24,900 $21,472 2024
Krewe Of Seaman Inc LA$143,094 President $73,500 $80,825 2024
Betti Ono Foundation CA$143,415 Ceo/presiden $193,948 $172,190 2023
Collaborative Institute Of Cultural Arts IL$144,152 Director $9,520 $9,623 2023
Theater Resources Unlimited Inc NY$144,204 Executive Direc, President $24,150 $22,437 2023
Island Community House Inc VA$144,658 Executive Director $65,960 $65,480 2023
Granary Art Center UT$146,593 Executive Director $60,000 $59,745 2025
Chicago Fashion Development IL$114,325 Executive Director $40,000 $40,431 2023
District One Community Education PA$148,914 Executive Di $35,000 $33,958 2025
Bruce Lee Foundation Inc CA$149,396 Executive Director $100,248 $89,002 2023
Japan House La Foundation CA$111,910 Ceo $6,000 $5,174 2024
Belton Center For The Arts SC$111,131 Executive Director $35,077 $36,545 2024
The Arts Project Inc MD$110,552 Executive Director $24,559 $22,930 2024
Lightbox Film Center PA$153,749 Board Director $21,000 $20,914 2024
Committee For A Better New Orleans LA$107,720 Executive Director $80,000 $87,973 2024

Comp (reported) is the figure on each organization's Form 990 (columns D + F); Comp (adjusted) normalizes it to ME 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 ME 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 default52nd
Total compensation (D + F), as reported (no adjustments)51st
Reportable pay only (column D), adjusted55th
All sources (D + E + F), adjusted48th

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 (Bethany Engstrom) 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 71 similarly situated organizations (Same NTEE sector (A20), nationwide + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $33,246 is reasonable (approximately the 52nd 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.