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PeerBasis
Compensation Comparability Determination

Virginia Industry Foundation Inc

Executive Director / CEO

EIN 205582985
VA · NTEE S194
FY ending 2024-12-31
June 9, 2026

This analysis benchmarks the total compensation of Brett Vassey, Executive Director / CEO ($23,000) against every comparable organization that fit the selection criteria — 100 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 52nd percentile of comparable organizationswithin the typical range

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

How comparable organizations were selected

100 organizations qualified on sector, size, and geography 100 within the band form the benchmarked peer set.

Distribution of comparable compensation

$99 total compensation of comparable organizations → $194,745 $23,000
$3,02610th
$8,88225th
$22,032Median
$48,00675th
$100,28190th
$23,000This org · 52nd
p10$3,026
p25$8,882
p50$22,032
p75$48,006
p90$100,281
$23,000

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 VA 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
Columbian Volunteer Fire Department Of Dorranceton PA$40,076 President $350 $372 2023
1934 Coalition OH$40,934 Executive Director $10,969 $12,032 2024
The Center For Housing Economics WA$40,010 President $32,000 $29,672 2024
Pidc Development Management Corporation PA$40,000 Executive Vice President $72,708 $75,094 2024
Washingtonians For Public Banking WA$41,012 Director $18,650 $17,804 2023
Better Business Bureau Of Arkansas AR$41,092 President/ceo $38,788 $45,156 2024
Discovering Opportunities For Outreach IL$39,795 Executive Director $15,000 $15,273 2024
Downtown Redevelopment Authority KY$41,329 Executive Di $42,380 $47,157 2024
Arbac Properties Inc LA$41,388 President $17,281 $20,289 2023
Barnesville Community Foundation OH$41,631 Treasurer $2,250 $2,468 2024
Sol Strauss Supporting Organization Inc IN$39,305 Executive Director (Thru 12/31/23) $4,230 $4,620 2024
United Vision For Idaho Inc ID$42,000 Executive Director $135,000 $148,736 2024
Toledo Area Chamber Foundation OH$42,152 Treasurer/secretary $32,887 $36,075 2024
Corktown Community Development Fund MI$38,777 Treasurer/se $12,000 $12,828 2024
Grace Community Development Corporation Of Florida FL$38,411 Executive Director $555 $540 2024
Cmea The Employers Association Inc MA$37,835 Treasurer $19,700 $18,334 2024
Us Kimberley Process Authority Institute NY$43,150 Executive Director $24,996 $23,393 2024
North Central Economic Development MN$43,285 Vice Chair $100 $99 2025
East Chicago Urban Enterprise IN$37,662 Board Member $3,600 $4,048 2023
Building Inspectors Association WI$37,519 President/website Mgr $599 $667 2023
Public Facilities For The City Of SC$43,516 President $74,700 $83,095 2023
Oasis Christian Community Development Co IN$44,206 President And Executive Director $70,577 $77,084 2024
Inner City Redevelopment Corporation Inc MS$36,544 President $48,500 $55,944 2024
Perkup Corporation PA$36,515 Executive Di $3,225 $3,331 2024
Jackson-madison County Sports Hall TN$36,379 Treasurer/se $5,200 $5,661 2024

Comp (reported) is the figure on each organization's Form 990 (columns D + F); Comp (adjusted) normalizes it to VA 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 VA 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 default52nd
Total compensation (D + F), as reported (no adjustments)52nd
Reportable pay only (column D), adjusted0th
All sources (D + E + F), adjusted84th

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 (Brett Vassey) 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 100 similarly situated organizations (Same NTEE major group (S), nationwide + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $23,000 is reasonable (approximately the 52nd 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.