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PeerBasis
Compensation Comparability Determination

Insulators Local 37 Joint Apprenticeship

Executive Director / CEO

EIN 272790409
IN · NTEE J22
FY ending 2023-12-31
June 9, 2026

This analysis benchmarks the total compensation of Rick Bledso, Executive Director / CEO ($79,709) against every comparable organization that fit the selection criteria — 54 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 85th percentile of comparable organizationswithin the typical range

Benchmarked executive: Rick Bledso — reported title “DIRECTOR/ADMINISTRATOR”, selected as the organization's highest-paid individual — no exact title match, so confirm this is a comparable role.

How comparable organizations were selected

54 organizations qualified on sector, size, and geography 54 within the band form the benchmarked peer set.

Distribution of comparable compensation

$474 total compensation of comparable organizations → $134,685 $79,709
$15,31710th
$29,55125th
$49,061Median
$68,96175th
$90,52890th
$79,709This org · 85th
p10$15,317
p25$29,551
p50$49,061
p75$68,961
p90$90,528
$79,709

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 IN 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
Baltimore Green Justice Workers MD$236,775 President $67,608 $58,217 2024
West Central Ohio Manufacturing OH$244,260 Managing Director $56,700 $55,313 2024
Automotive Industry Apprenticeship Trust CA$232,917 Administrator $113,057 $92,574 2023
Eldreds Nursery Foundation TX$230,855 Board Member $500 $474 2023
Friends Of The Gallatin National Forest MT$249,311 Treasurer $9,913 $9,843 2024
International Association Of Heat & 53 A LA$227,422 Training Director $82,417 $83,588 2024
Bridge Of Tiftarea Inc GA$250,868 Director $34,327 $31,790 2024
Auto Repair Transformation WA$223,137 Executive Dir. $50,834 $41,920 2024
Seattle Area Roofers WA$256,089 Trustee $24,032 $19,818 2024
Ri Hospitality Education Foundation RI$219,579 President/ceo $21,536 $19,582 2023
Evvaylois Foundation TX$219,359 Ceo $24,605 $23,339 2023
Fmha Empowerment Institute Llc NC$217,699 Secretary $9,469 $9,011 2024
Plasterers & Cement Masons OH$262,365 Instructor $55,037 $55,277 2023
Ibew Local 17 Joint 6-17-b Training MI$213,549 Trustee $60,174 $58,896 2023
Internat'l Union Of Operating Engineers NY$264,242 Administrator $134,575 $115,314 2023
Tools & Tiaras Inc NY$266,644 President $47,200 $40,445 2023
Jt Mitchell Pre-apprentice Academy CA$268,185 Director $23,600 $18,770 2024
Milestone Of Tn TN$208,853 President $64,000 $61,962 2024
Daytona Beach Electrical Joint Apprenticeship FL$208,382 Training Director / Ex. Direct $43,618 $38,856 2023
Apprentice Educational Fund NY$270,621 Union Trustee/training Dir $50,624 $42,134 2024
Woodwork Career Alliance Of North America VA$206,820 Scott Nelson President $48,575 $43,198 2024
Proof Programs TN$272,200 President $23,750 $22,994 2024
Anders & Anders Foundation CA$204,545 Executive Director $37,175 $28,805 2025
Montana Operating Engineers & MT$273,249 Director $58,094 $57,678 2024
Jobs For Americas Graduates Of Pennsylvania PA$200,009 Director $89,038 $79,674 2025

Comp (reported) is the figure on each organization's Form 990 (columns D + F); Comp (adjusted) normalizes it to IN 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 IN 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 default85th
Total compensation (D + F), as reported (no adjustments)80th
Reportable pay only (column D), adjusted94th
All sources (D + E + F), adjusted70th

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 (Rick Bledso) 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 54 similarly situated organizations (Same NTEE sector (J22), nationwide + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $79,709 is reasonable (approximately the 85th 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.