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PeerBasis
Compensation Comparability Determination

Hudson Riverfront

Executive Director / CEO

EIN 270022918
NJ · NTEE A61
FY ending 2024-12-31
June 9, 2026

This analysis benchmarks the total compensation of Bruce Sherman, Executive Director / CEO ($91,163) against every comparable organization that fit the selection criteria — 37 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 95th percentile of comparable organizationsabove the 90th percentile — board review recommended

Benchmarked executive: Bruce Sherman — reported title “PRESIDENT/EXECUTIVE DIRECT”, a direct title match to the Executive Director / CEO role.

How comparable organizations were selected

37 organizations qualified on sector, size, and geography 37 within the band form the benchmarked peer set.

Distribution of comparable compensation

$262 total compensation of comparable organizations → $96,343 $91,163
$7,85710th
$22,61325th
$41,332Median
$66,15275th
$86,71590th
$91,163This org · 95th
p10$7,857
p25$22,613
p50$41,332
p75$66,152
p90$86,715
$91,163

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 NJ 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
Bigfork Center For The Performing MT$206,454 Executive Di $11,125 $13,829 2023
Joseph Avenue Arts And Culture NY$213,744 Executive Director $79,735 $78,619 2025
Venetian Arts Society Inc FL$200,256 Executive Director $14,400 $15,151 2024
Pennsport School Of Dance PA$215,006 Co- Executive Director $10,000 $11,499 2023
The Jazz Bakery Performance Space CA$217,004 Pres./artistic Director $45,780 $44,276 2024
Harford Ballet Company Inc MD$196,465 Executive Di $29,000 $30,366 2024
Abilene Performing Arts Company Inc TX$219,949 Executive Dir. $42,230 $46,093 2025
Arts Center Task Force WA$220,960 Executive Director $39,654 $39,764 2024
Contemporary Performing Arts Of Chattanooga Inc TN$224,762 Secretary $1,300 $1,530 2024
Chapin Community Theatre Inc SC$225,393 Artistic Director $12,867 $15,035 2024
Minden Opera House Inc NE$225,793 Executive Di $56,392 $67,932 2024
Miller Beach Arts & Creative District Cdc IN$234,484 Executive Director $44,000 $50,630 2025
Sierra Performing Arts Association CA$237,699 Board Member $2,210 $2,137 2024
Tupelo Community Theatre Inc MS$237,792 Executive Di $53,083 $66,217 2024
Art Maker Llc OK$250,217 President, Chief Operating Officer $28,050 $34,594 2024
Partnership For The Performing Arts CA$161,746 Treasurer $24,000 $22,613 2025
Blue Bamboo Center For The Arts Inc FL$254,888 Executive Director $2,275 $2,394 2024
Dynamic Xplosion Cheer Inc FL$256,232 Cheif Executive Officer $23,783 $25,024 2024
Deertrees Theatre Limited ME$257,564 Director $30,501 $34,208 2024
Cunneen Hackett Cultural Center Inc NY$257,753 Executive Director $54,550 $56,840 2023
Juggerknot Theatre Corporation FL$151,050 President/director $60,000 $63,130 2024
Visionbox Studio CO$266,323 Executive Director $83,827 $90,027 2024
Community Arts And Culture Inc FL$147,543 President $11,500 $12,100 2024
Cloverdale Performing Arts Centerinc CA$144,696 Artistic Managing Director $58,000 $56,094 2024
Continuing The Legacy Dance Foundation NV$274,112 President $61,710 $69,281 2024

Comp (reported) is the figure on each organization's Form 990 (columns D + F); Comp (adjusted) normalizes it to NJ 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 NJ 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 default95th
Total compensation (D + F), as reported (no adjustments)100th
Reportable pay only (column D), adjusted97th
All sources (D + E + F), adjusted95th

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 (Bruce Sherman) 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 37 similarly situated organizations (Same NTEE sector (A61), nationwide + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $91,163 is reasonable (approximately the 95th 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.