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

Valpo Surf Project Inc

Executive Director / CEO

EIN 271608970
ME · NTEE N67
FY ending 2024-11-30
June 9, 2026

This analysis benchmarks the total compensation of Wiley Todd, Executive Director / CEO ($83,255) against every comparable organization that fit the selection criteria — 114 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 82nd percentile of comparable organizationswithin the typical range

Benchmarked executive: Wiley Todd — reported title “FOUNDER / CEO”, a direct title match to the Executive Director / CEO role.

How comparable organizations were selected

114 organizations qualified on sector, size, and geography 114 within the band form the benchmarked peer set.

Distribution of comparable compensation

$802 total compensation of comparable organizations → $122,590 $83,255
$12,33810th
$30,77025th
$57,070Median
$76,28175th
$91,20490th
$83,255This org · 82nd
p10$12,338
p25$30,770
p50$57,070
p75$76,281
p90$91,204
$83,255

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 ME 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
Lexington Dolphins Inc KY$415,197 Ceo $60,120 $64,504 2024
Spirit Of America Foundation Inc OH$412,418 Ceo/presiden $85,623 $90,566 2024
Tristar Rowing TN$418,972 Executive Dir. $10,094 $10,596 2024
Boilermaker Aquatics Inc IN$419,604 Head Coach $73,098 $74,999 2025
Mission Aurora Colorado Swim Team CO$410,117 Head Coach $73,502 $68,570 2025
Team Y2k IL$403,387 President $90,500 $91,477 2023
Upper Arlington Crew Inc OH$427,393 Executive Di $3,000 $3,092 2025
Camp Randall Rowing Club Inc WI$430,056 Head Coach $22,917 $23,902 2024
Bay Ridge Aquatics Institute Inc NY$398,298 Treasurer $30,983 $27,960 2024
City Island Rowing Inc NY$397,021 Executive Dire $65,675 $61,017 2023
Hingham High School Rowing Assoc MA$433,996 Program Director $30,175 $27,079 2024
East Carolina Aquatics Inc NC$440,654 Ceo $76,100 $76,502 2025
Verona Area Swim Team Inc WI$441,450 Vice President $769 $802 2024
Cdm Aquatics Federation CA$388,281 President $30,150 $26,768 2023
Solano Aquatic Sea Otters CA$386,023 Coach $79,800 $68,815 2024
Long Beach Shore Aquatics Inc CA$385,894 President $35,650 $30,743 2024
Spokane Waves Aquatic Team WA$447,497 Head Coach $66,700 $61,398 2023
Frederick Area Swim Team Inc MD$382,688 President $2,943 $2,829 2023
Swift Aquatics Llc IL$380,135 Officer $76,346 $77,170 2023
Lakeshore Swim Club Corp OH$450,349 Head Coach $62,404 $66,007 2024
Bare Hill Rowing Association Inc MA$450,700 Program Director $56,875 $51,040 2024
Thunder Inc TN$451,570 Director/coach $80,000 $83,978 2024
Mundelein Mustang Swim Club IL$458,367 Chief Executive Officer $74,704 $71,453 2025
Back Bay Aquatics Foundation CA$460,320 President $50,484 $43,535 2024
South Tampa Aquatic Team FL$369,845 President $41,000 $38,465 2024

Comp (reported) is the figure on each organization's Form 990 (columns D + F); Comp (adjusted) normalizes it to ME 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 ME 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 default82nd
Total compensation (D + F), as reported (no adjustments)82nd
Reportable pay only (column D), adjusted81st
All sources (D + E + F), adjusted82nd

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 (Wiley Todd) 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 114 similarly situated organizations (Same NTEE sector (N67), nationwide + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $83,255 is reasonable (approximately the 82nd 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.