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PeerBasis
Compensation Comparability Determination

Vergennes Partnership Inc

Executive Director / CEO

EIN 030361837
VT · NTEE S30
FY ending 2024-06-30
June 9, 2026

This analysis benchmarks the total compensation of Julie Basol, Executive Director / CEO ($27,560) against every comparable organization that fit the selection criteria — 40 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 23rd percentile of comparable organizationsbelow the typical range for comparable organizations

Benchmarked executive: Julie Basol — reported title “EXECUTIVE DIRECTOR”, a direct title match to the Executive Director / CEO role.

How comparable organizations were selected

40 organizations qualified on sector, size, and geography 40 within the band form the benchmarked peer set.

Distribution of comparable compensation

$5,470 total compensation of comparable organizations → $126,261 $27,560
$13,18310th
$29,70725th
$45,969Median
$58,96875th
$85,08790th
$27,560This org · 23rd
p10$13,183
p25$29,707
p50$45,969
p75$58,968
p90$85,087
$27,560

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 VT 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
Lincoln Economic Advancement & IL$94,896 Ceo $99,879 $100,438 2023
Greenfield Main Street Inc IN$99,764 Executive Director $55,000 $57,625 2024
Greater Chicago Advanced Manufacturing IL$103,136 Executive Dir. $46,872 $45,782 2024
Black Chamber Of Commerce Of Greater Kansas City MO$103,214 Executive Director $29,794 $31,352 2024
Argentine Betterment Corporation KS$106,067 Executive Dir. $70,868 $78,311 2023
Overland Park Chamber Foundation KS$85,551 President $32,826 $35,233 2024
Economic And Community Growth PA$109,285 President/ce $43,001 $42,604 2024
Orleans County Local Development NY$82,917 C.e.o./c.f.o. $23,698 $21,275 2024
Community Development Fund Of Utah UT$81,669 Chief Executive Officer $27,320 $28,601 2023
Northwest Nebraska Development Corp NE$112,564 Executive Di $55,093 $58,872 2024
Borderplex Community Capital Inc TX$80,591 President & Ceo $91,437 $90,873 2024
Greater Topeka Partnership Foundation KS$113,645 President & Ceo $51,343 $56,736 2023
Sonoma County Economic Development CA$115,632 Ed/secretary $13,221 $11,342 2024
Crawford County Development Association IL$116,392 Executive Director $60,000 $58,605 2024
Barrio Logan Association CA$77,320 Director $53,800 $46,155 2024
Hudson Development Corporation NY$117,479 Executive Director $36,997 $34,196 2023
Xlerate Health Inc KY$117,500 Chief Executive Officer $20,000 $21,348 2024
Greater Portland Partnership OR$117,584 President And Ceo & Director $59,088 $54,517 2024
Grants Mainstreet Project NM$75,786 Executive Dire $26,017 $27,084 2025
Wake Forest Innovation Quarter Cdc NC$75,240 Director & President $56,067 $59,257 2023
Innovation Fund America Inc OH$75,113 Treasurer $17,000 $17,889 2024
Chinatown Partnership Local Development NY$120,303 Executive Director $136,604 $126,261 2023
Carb Center For Small Business Techctr PA$123,973 Executive Director $49,563 $50,556 2023
City Urban Revitalization Corporation CA$124,456 Executive Director $35,986 $30,076 2025
Naugatuck Economic Development CT$125,130 Ceo $57,115 $51,833 2025

Comp (reported) is the figure on each organization's Form 990 (columns D + F); Comp (adjusted) normalizes it to VT 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 VT 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 default23rd
Total compensation (D + F), as reported (no adjustments)25th
Reportable pay only (column D), adjusted50th
All sources (D + E + F), adjusted15th

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 (Julie Basol) 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 40 similarly situated organizations (Same NTEE sector (S30), nationwide + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $27,560 is reasonable (approximately the 23rd 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.