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

Wayne Area Economic Development Inc

Executive Director / CEO

EIN 203524694
NE · NTEE S41
FY ending 2023-12-31
June 9, 2026

This analysis benchmarks the total compensation of Lucas Virgil, Executive Director / CEO ($65,967) against every comparable organization that fit the selection criteria — 559 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 47th percentile of comparable organizationswithin the typical range

Benchmarked executive: Lucas Virgil — reported title “EXECUTIVE DI”, a direct title match to the Executive Director / CEO role.

How comparable organizations were selected

559 organizations qualified on sector, size, and geography 559 within the band form the benchmarked peer set.

Distribution of comparable compensation

$1 total compensation of comparable organizations → $383,498 $65,967
$16,19610th
$43,68525th
$67,673Median
$96,94075th
$134,47090th
$65,967This org · 47th
p10$16,196
p25$43,685
p50$67,673
p75$96,940
p90$134,470
$65,967

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 NE 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
Citizens Trade Campaign DC$317,891 Executive Director $91,270 $74,466 2023
Bullitt County Chamber Of Commerce KY$317,661 Ceo $80,030 $79,942 2023
American Car Rental Association MD$317,535 Executive Director $112,500 $97,788 2023
Gathering Of Hlth Care Simulation Tech Specialists NV$317,356 Executive Director $65,131 $58,958 2024
Kingdom Chamber Of Commerce Inc NJ$318,476 President $26,592 $21,441 2024
Greater Prince George's Business Roundtable Inc MD$316,953 Pres, Ceo $75,010 $63,330 2024
The Chamber Of Commerce Of The Two WV$316,708 President & Ceo $98,532 $96,344 2024
Burnsville Convention And Visitors MN$318,925 Executive Di $93,500 $83,434 2024
Texas Association Of Community Schools TX$319,020 Executive Director $157,650 $138,744 2025
Taan Worldwide Inc VA$319,194 President $140,583 $126,204 2023
Louisiana Rural Electric LA$316,012 President $2,700 $2,616 2025
Tennessee Licensed Professional Counselors Association TN$319,635 Executive Director $12,000 $11,391 2024
Buffalo Niagara Manufacturing Alliance NY$320,173 Executive Director $105,000 $88,216 2023
Arizona Farm And Ranch Group AZ$320,324 Ceo $45,750 $39,734 2024
Aia Charlotte A Section Of The Nc NC$320,443 Executive Director $113,131 $108,683 2023
Ri Small Business Coalition RI$314,505 Managing Director $59,500 $51,524 2024
Independence Business Alliance PA$321,169 Chief Executive Officer $99,492 $92,247 2023
North Carolina Dermatology Association NC$321,213 Executive Director $17,375 $16,213 2024
Entomological Society Of America MD$321,510 Executive Director $55,376 $48,135 2023
West Virginia Housing Institute Inc WV$321,686 Executive Director $92,319 $92,936 2023
Fire Sprinkler Contractors Assoc Of Tex TX$321,705 Executive Director $42,004 $39,065 2023
Finishing Contractors Association Of CA$321,943 President $2,000 $1,520 2025
Hermantown Chamber Of Commerce Inc MN$312,918 President/ce $76,000 $67,818 2024
Tma Bluetech CA$312,904 Executive Director $116,000 $90,458 2024
Orange County Iranian American CA$322,713 Ceo $86,363 $69,336 2023

Comp (reported) is the figure on each organization's Form 990 (columns D + F); Comp (adjusted) normalizes it to NE 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 NE 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 default47th
Total compensation (D + F), as reported (no adjustments)40th
Reportable pay only (column D), adjusted38th
All sources (D + E + F), adjusted44th

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 (Lucas Virgil) 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 559 similarly situated organizations (Same NTEE sector (S41), nationwide + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $65,967 is reasonable (approximately the 47th 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.