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PeerBasis
Compensation Comparability Determination

Government Investment Officers Association

Executive Director / CEO

EIN 010774114
NV · NTEE W032
FY ending 2023-12-31
June 13, 2026

This analysis benchmarks the total compensation of Jennifer Felger, Executive Director / CEO ($9,500) against every comparable organization that fit the selection criteria — 398 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 6th percentile of comparable organizationsbelow the typical range for comparable organizations

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

How comparable organizations were selected

398 organizations qualified on sector, size, and geography 398 within the band form the benchmarked peer set.

Distribution of comparable compensation

$131 total compensation of comparable organizations → $826,758 $9,500
$16,21010th
$38,77225th
$71,134Median
$105,28075th
$145,06390th
$9,500This org · 6th
p10$16,210
p25$38,772
p50$71,134
p75$105,280
p90$145,063
$9,500

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 NV 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
Roslyn Vfw Home Association PA$440,300 Bar Manager Board Member $39,600 $39,397 2023
Project Home Again MA$441,725 President $85,000 $76,201 2023
Saratoga Warhorse Foundation Inc NY$439,809 Executive Di $155,357 $140,052 2023
Family Business Alliance MI$443,061 Director $17,391 $17,394 2024
Defi Education Fund DC$438,672 Ceo $230,477 $201,771 2023
Alabama Postal Credit Union AL$437,267 Manager/ceo $60,125 $64,801 2023
National Memorial Of Military IL$436,890 Secretary $10,800 $10,288 2024
Moral Compass Federation Inc VA$445,112 Ceo, Vice President $80,659 $75,466 2024
The Future Of Heat Intiative Inc MA$436,175 Executive Director $62,500 $54,423 2024
Washington Dc Homeland Security DC$446,271 President $196,000 $171,588 2023
Returning Veterans Project OR$435,384 Executive Dir. $109,882 $98,881 2024
Citizens For Local Power Inc NY$435,324 Former Executive Director $80,000 $70,050 2024
Neighbors United MI$446,639 President $13,500 $13,503 2024
California City Management Foundation CA$434,938 Executive Director $129,394 $111,467 2023
Liet Harold R Cornwall Post 1298 KY$447,276 Quartermaster $6,500 $6,967 2023
Browns Creek Water Co Inc SC$434,394 Dir - Operat $58,640 $61,031 2023
Michigan Credit Union Foundation MI$432,747 Executive Director $3,029 $3,119 2023
New York State Association Of Traffic NY$449,202 Treasurer $6,338 $5,714 2023
American Legion Walter Graham Post 332 IL$432,360 Manager $43,428 $41,372 2024
Rjiok Foundation OK$429,260 President $91,700 $97,845 2024
The Salvation Army Albuquerque Residences Inc CA$453,092 President $32,694 $28,164 2023
Women Winning MN$428,587 Executive Director $160,542 $153,717 2024
California Operation Lifesaver Inc CA$427,839 Executive Dir. $88,137 $73,748 2024
Soldier On Foundation Inc MA$454,212 Ceo, Director $18,020 $16,155 2023
Maternity Bvm Credit Union IL$426,649 Pres/treas $66,513 $65,235 2023

Comp (reported) is the figure on each organization's Form 990 (columns D + F); Comp (adjusted) normalizes it to NV 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 NV 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 default6th
Total compensation (D + F), as reported (no adjustments)5th
Reportable pay only (column D), adjusted12th
All sources (D + E + F), adjusted5th

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 (Jennifer Felger) 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 13, 2026, comparing compensation against 398 similarly situated organizations (Same NTEE major group (W), nationwide + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $9,500 is reasonable (approximately the 6th 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 13, 2026.