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PeerBasis
Compensation Comparability Determination

Lake State Alpine Racing

Executive Director / CEO

EIN 842476211
MN · NTEE N68
FY ending 2025-06-30
June 9, 2026

This analysis benchmarks the total compensation of Matt May, Executive Director / CEO ($3,500) against every comparable organization that fit the selection criteria — 155 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 19th percentile of comparable organizationsbelow the typical range for comparable organizations

Benchmarked executive: Matt May — reported title “Treasurer”, selected as the organization's highest-paid individual — no exact title match, so confirm this is a comparable role.

How comparable organizations were selected

155 organizations qualified on sector, size, and geography 155 within the band form the benchmarked peer set.

Distribution of comparable compensation

$137 total compensation of comparable organizations → $196,367 $3,500
$2,04410th
$5,48325th
$15,306Median
$32,73475th
$48,05090th
$3,500This org · 19th
p10$2,044
p25$5,483
p50$15,306
p75$32,734
p90$48,050
$3,500

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 MN 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
Robert W Johnson Community Center Inc MD$89,475 Executive Director $29,092 $28,254 2024
California Professional Horsemens Foundation CA$89,857 Executive Director $23,600 $21,169 2024
Black Hills Community Soccer Complex WA$90,073 Field Manager $19,500 $18,136 2024
Dogsmile Adventures Inc ID$90,530 Executive Director $64,316 $71,074 2024
Rolling Thunder Volleyball Club Inc IL$87,828 President $6,000 $6,128 2024
Atascadero Greyhound Foundation CA$87,651 Executive Dir. $36,650 $32,876 2024
Tamina Community Center TX$90,973 Executive Director $39,769 $41,325 2024
Karate Five Association Inc TN$87,422 President $2,800 $3,148 2023
The Bridge House AR$91,531 Director $114 $137 2023
Union City Eagle Aquatic Club Corp NJ$91,573 President $13,741 $13,121 2023
The Mccall Group CA$91,878 Executive Director $57,600 $53,194 2023
United States Field Hockey CO$91,987 Executive Di $114,583 $117,506 2023
Beverly Hills Athletic Alumni Association CA$86,479 Secretary Treasurer $36,000 $31,460 2025
Albany Usbc Association NY$86,257 Office Manager $12,000 $11,597 2023
Kalamazoo Soccer Club MI$92,953 Registrar $3,699 $4,083 2023
Temple Recreation Association PA$93,035 President $14,600 $15,571 2023
Usbc 80639 Greater Portland Bowling OR$85,383 Assoc. Manager $36,749 $34,538 2025
Peak Adventure Ministries NC$93,513 Executive Director $24,500 $26,297 2024
Hamilton Joes Baseball Club Inc OH$94,036 Presidenttreasurer $11,873 $13,063 2024
Riley's Catch NC$84,405 Executive Director $10,000 $10,734 2024
Holiday Rambler Recreational Vehicle IN$94,391 Finance Coordinator $600 $677 2023
Teen Venture VA$94,585 Executive Director $30,699 $31,701 2023
Breeze Softball Inc Aka CA$83,635 Event Coordi $2,400 $2,153 2024
Otsego Sailing Club NY$83,453 Treasurer (Paymaster) $3,408 $3,199 2024
Shaolin Traditional Kung Fu Inc MD$95,260 Director $45,600 $45,594 2023

Comp (reported) is the figure on each organization's Form 990 (columns D + F); Comp (adjusted) normalizes it to MN 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 MN 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 default19th
Total compensation (D + F), as reported (no adjustments)19th
Reportable pay only (column D), adjusted26th
All sources (D + E + F), adjusted17th

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 (Matt May) 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 155 similarly situated organizations (Same NTEE major group (N), nationwide + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $3,500 is reasonable (approximately the 19th 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.