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PeerBasis
Compensation Comparability Determination

Grand Canyon University Foundation

Executive Director / CEO

EIN 900615620
AZ · NTEE P12
FY ending 2024-06-30
June 9, 2026

This analysis benchmarks the total compensation of Ray Kaselonis, Executive Director / CEO ($182,455) against every comparable organization that fit the selection criteria — 9 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 100th percentile of comparable organizationsabove the 90th percentile — board review recommended

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

How comparable organizations were selected

9 organizations qualified on sector, size, and geography 9 within the band form the benchmarked peer set.

Distribution of comparable compensation

$3,682 total compensation of comparable organizations → $106,000 $182,455
$6,99410th
$10,38125th
$32,223Median
$48,36775th
$62,14490th
$182,455This org · 100th
p10$6,994
p25$10,381
p50$32,223
p75$48,367
p90$62,144
$182,455

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 AZ 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
Families In Arms Inc NY$1,512 President $50,000 $48,367 2023
Quality Care Home Facilities AZ$1,418 President $106,000 $106,000 2024
Breakthrough Holdings Inc Nfp IL$1,220 Executive Director $31,522 $32,223 2024
Mendocino Family And Youth Services CA$1,176 Executive Dir. $39,421 $35,395 2024
Cedar Branch Developmental Achievement MN$1,118 Executive Director $10,104 $10,381 2024
Colorado Bluesky Foundation Inc CO$1,020 Ceo $3,587 $3,682 2023
New York League For Early Learning Inc NY$1,012 Board Member $52,907 $51,180 2023
Serenity Lane Health Services Foundation OR$1,000 President & Ceo $17,383 $16,785 2024
Accra Home Care Inc MN$2,125 Chief Executive Officer $7,395 $7,822 2023

Comp (reported) is the figure on each organization's Form 990 (columns D + F); Comp (adjusted) normalizes it to AZ 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 AZ 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 default100th
Total compensation (D + F), as reported (no adjustments)100th
Reportable pay only (column D), adjusted0th
All sources (D + E + F), adjusted78th

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 (Ray Kaselonis) 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 9 similarly situated organizations (Same NTEE major group (P), nationwide + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $182,455 is reasonable (approximately the 100th 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.