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PeerBasis
Compensation Comparability Determination

Naugatuck Valley Project Inc

Executive Director / CEO

EIN 222726260
CT · NTEE S30Z
FY ending 2024-08-31
June 9, 2026

This analysis benchmarks the total compensation of Alexander Kolokotronis, Executive Director / CEO ($70,000) against every comparable organization that fit the selection criteria — 143 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 45th percentile of comparable organizationswithin the typical range

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

How comparable organizations were selected

143 organizations qualified on sector, size, and geography 143 within the band form the benchmarked peer set.

Distribution of comparable compensation

$1,423 total compensation of comparable organizations → $228,648 $70,000
$12,50210th
$38,53025th
$72,780Median
$100,18675th
$134,16290th
$70,000This org · 45th
p10$12,502
p25$38,530
p50$72,780
p75$100,186
p90$134,162
$70,000

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 CT 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
South Central LA$261,321 Executive Di $86,538 $101,631 2024
Noble County Convention And Visitor IN$267,279 Executive Di $55,640 $64,428 2023
Downtown Excelsior Partnership Inc MO$267,348 Executive Di $88,157 $99,585 2024
West Bloomington Revitalization Project IL$259,902 Manager $18,594 $19,496 2024
Rhea Economic And Tourism Council TN$268,307 Executive Director $52,625 $57,477 2025
Building 127 Ll Inc NY$268,876 Treasurer, Director $99,234 $95,637 2024
Marin Economic Forum CA$269,302 Ceo $188,542 $173,639 2024
Wentworth Economic Development Corp NH$269,573 Executive Director $71,400 $70,315 2024
Chicago Southland Economic IL$270,201 Executive Di $36,110 $37,863 2024
Ozaukee County Economic Development Corporation WI$273,374 Executive Director $36,000 $40,099 2024
Fondren Renaissance Foundation MS$273,767 Executive Director $70,583 $83,843 2024
Ypo Dfw TX$274,534 Chapter Manager $20,000 $20,787 2025
Renaissance Heights Foundation TX$274,703 Executive Dir. $105,401 $112,449 2024
Central Arkansas Council AR$275,000 Director $5,000 $6,172 2023
The Space On Main VT$251,549 Executive Dir. $76,000 $83,996 2023
Crawford County Economic Development Par IN$278,080 Executive Director $29,400 $34,043 2023
Washington Business Improvement Dis NJ$279,277 Executive Di $69,507 $68,143 2023
Economic Collaborative Of N Arizona AZ$246,722 President & Ceo $107,635 $107,558 2025
Agile City Winston-salem NC$246,249 Executive Di $163,787 $185,828 2023
Elizabeth Avenue Partnership Inc NJ$281,262 Executive Director $95,240 $93,371 2023
Milestone Growth Capital Institute MI$244,356 President And C.e.o. $36,450 $40,126 2024
Everett Station District Alliance WA$244,137 Executive Director $47,997 $47,185 2023
Intown Concord NH$284,189 Executive Di $75,487 $74,340 2024
The Creative Coast Inc GA$284,241 Executive Director (April-present) $51,326 $55,041 2024
Economic Development Corporation Of IL$243,161 Ceo $80,000 $83,883 2024

Comp (reported) is the figure on each organization's Form 990 (columns D + F); Comp (adjusted) normalizes it to CT 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 CT 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 default45th
Total compensation (D + F), as reported (no adjustments)50th
Reportable pay only (column D), adjusted48th
All sources (D + E + F), adjusted34th

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 (Alexander Kolokotronis) 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 143 similarly situated organizations (Same NTEE sector (S30), nationwide + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $70,000 is reasonable (approximately the 45th 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.