Live preview — download the board-ready PDF to attach to your minutes.Download the free PDF
Email yourself a copy:
PeerBasis
Compensation Comparability Determination

Cedar Cove Inc

Executive Director / CEO

EIN 871970357
MN · NTEE X21
FY ending 2024-12-31
June 9, 2026

This analysis benchmarks the total compensation of Barb Waldemar, Executive Director / CEO ($85,200) against every comparable organization that fit the selection criteria — 326 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 73rd percentile of comparable organizationswithin the typical range

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

How comparable organizations were selected

326 organizations qualified on sector, size, and geography 326 within the band form the benchmarked peer set.

Distribution of comparable compensation

$1,018 total compensation of comparable organizations → $235,219 $85,200
$15,85610th
$31,39625th
$56,527Median
$87,30175th
$123,44390th
$85,200This org · 73rd
p10$15,856
p25$31,396
p50$56,527
p75$87,301
p90$123,443
$85,200

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
Cowboy-up International Inc TX$309,598 President/ce $32,800 $33,205 2024
Elijah Ministries Inc FL$309,659 President $87,298 $85,448 2023
Liberating Ministries For Christ Int VA$307,897 President $65,199 $65,592 2023
Beauty For Ashes Ministry MO$307,828 Director Of Recovery Center $46,875 $50,245 2024
Logos Leaders Outreach TX$307,823 Executive Director $219,670 $228,950 2023
Desilva Ministries CA$307,526 President $18,000 $16,195 2023
Q Place IL$307,258 Executive Dir. $65,000 $63,005 2025
Laymans Retreat At Round Top TX$306,714 Foreman $40,000 $39,450 2025
Sebit Church Inc NJ$306,686 Paster $52,102 $48,469 2023
Washington Mongolian Church VA$306,652 Missionary $24,000 $23,452 2024
Jmh Ministries Llc SC$306,524 President $45,900 $48,461 2024
Calling Ministry Inc FL$311,698 President & $1,200 $1,174 2023
Beyond The Reef Foundation Inc FL$312,010 President $96,000 $93,966 2023
Vietnamese Christian Restoration TX$312,230 Vice President $3,000 $3,127 2023
Ministry Resource Network Inc GA$304,375 President $31,800 $32,359 2024
Faith 2 Faith Ministries Inc CT$304,115 Director $23,099 $22,566 2023
Sports Excellence International Inc MO$303,616 Vice President/director $44,684 $47,897 2024
Open Door Church Of God In Christ Detroit MI$314,655 Director $48,000 $51,621 2023
Carry The Cure Incorporated AK$303,291 President $51,424 $49,755 2024
Bld-it Ministry TN$303,137 Executive Di $182,709 $194,363 2024
Los Cabos Missions For Christ WA$315,021 Secretary $70,296 $63,694 2024
Worshipers Of The King Ministries MA$303,059 President $56,197 $52,617 2023
Gotell Ministries Inc FL$315,139 President $38,095 $36,218 2024
Bonnie Floyd Ministries TX$316,455 President $60,000 $62,535 2023
Brookes Bible College MO$316,565 President $80,000 $85,752 2024

Comp (reported) is the figure on each organization's Form 990 (columns D + F); Comp (adjusted) normalizes it to MN 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 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 default73rd
Total compensation (D + F), as reported (no adjustments)75th
Reportable pay only (column D), adjusted81st
All sources (D + E + F), adjusted71st

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 (Barb Waldemar) 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 326 similarly situated organizations (Same NTEE sector (X21), nationwide + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $85,200 is reasonable (approximately the 73rd 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.