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PeerBasis
Compensation Comparability Determination

Local 2222 Ibew Benevolent Fund Tr

Executive Director / CEO

EIN 043490716
MA · NTEE T30
FY ending 2023-12-31
June 9, 2026

This analysis benchmarks the total compensation of Edward V Hastings, Executive Director / CEO ($8,510) against every comparable organization that fit the selection criteria — 31 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 10th percentile of comparable organizationsbelow the typical range for comparable organizations

How comparable organizations were selected

31 organizations qualified on sector, size, and geography 31 within the band form the benchmarked peer set.

Distribution of comparable compensation

$2,800 total compensation of comparable organizations → $292,578 $8,510
$11,42610th
$23,55125th
$32,370Median
$55,85675th
$150,03690th
$8,510This org · 10th
p10$11,426
p25$23,551
p50$32,370
p75$55,856
p90$150,036
$8,510

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 MA cost of living (BEA RPP, 2023) and to its filing year (CPI-U); the reported amount is on each linked 990.

OrganizationStateTotal revenueTotal compSource
Shaevsky Family FoundationMI $38,406$29,219 990
Gershenson Family Support FoundationMI $37,876$29,219 990
Foundation Property IncPA $38,813$26,356 990
Btcf Resources IncMA $39,006$36,995 990
North Hudson Community Action Foundation IncNJ $39,288$3,195 990
Boston Charitable Trust FundMA $39,359$26,322 990
Hope Church Endowment FundMI $36,762$57,431 990
Unc Health RockinghamNC $36,401$54,281 990
Hudson Headwaters Health Foundation IncNY $40,105$84,943 990
Zlotoff Family Support FoundationMI $34,634$29,219 990
Perlman Family Foundation IncNJ $41,826$11,426 990
Wagner Descendant's FoundationIL $33,620$132,945 990
Ccarc Foundation IncCT $43,262$23,035 990
Anoka Hennepin Credit UnionMN $33,076$43,787 990
John O AnthonyTX $44,310$5,904 990
Tena & Fred Oates FoundationSC $31,843$276,304 990
Tesomas Alumni Camping TrustWI $31,588$46,632 990
Civie And Earl Pertnoy FamilyFL $45,067$292,578 990
Griffith Centers For ChildrenCO $29,137$150,036 990
The Opaline FundCA $28,311$47,354 990
Downtown South Bend Inc FoundationIN $49,393$15,538 990
The Miss America Foundation IncNJ $50,215$173,231 990
Lawrence C Sherman Family FoundationOH $50,287$47,536 990
Norman And Judith Jo Kreiss Family FdnCA $25,866$2,800 990
Martha O'bryan Foundation IncTN $50,818$24,067 990

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 MA 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 default10th
Total compensation (D + F), as reported (no adjustments)10th
Reportable pay only (column D), adjusted0th
All sources (D + E + F), adjusted29th

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 (Edward V Hastings) 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 31 similarly situated organizations (Same NTEE sector (T30), nationwide + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $8,510 is reasonable (approximately the 10th 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). 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.