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PeerBasis
Compensation Comparability Determination

Ifpa Retiree Veba Trust

Executive Director / CEO

EIN 326528294
IL · NTEE Y43
FY ending 2024-12-31
June 9, 2026

This analysis benchmarks the total compensation of Joseph Hathaway, Executive Director / CEO ($86,672) against every comparable organization that fit the selection criteria — 131 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: Joseph Hathaway — reported title “TRUSTEE”, selected as the organization's highest-paid individual — no exact title match, so confirm this is a comparable role.

How comparable organizations were selected

131 organizations qualified on sector, size, and geography 131 within the band form the benchmarked peer set.

Distribution of comparable compensation

$81 total compensation of comparable organizations → $272,637 $86,672
$52910th
$2,17425th
$10,898Median
$26,03875th
$54,78690th
$86,672This org · 95th
p10$529
p25$2,174
p50$10,898
p75$26,038
p90$54,786
$86,672

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 IL 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
Shelby Owls Club Nest 2553 Inc OH$145,274 Secretary/tr $29,120 $31,372 2024
Fraternal Order Of Eagles AK$144,953 Secretary $3,450 $3,268 2025
Boston Public School Teachers Retirement MA$145,473 Secretary $22,439 $20,510 2024
Cutchogue Cemetery Association NY$143,463 Superintendent $15,607 $14,345 2024
New Escalante Irrigation Company UT$147,158 President $500 $536 2023
Broad Run Baptist Cemetery Association WV$147,810 Vice Chairman $5,200 $5,727 2024
Sheet Metal Workers Union Local 29 KS$147,989 Chairman $53,991 $59,330 2024
Sierra Vista Lodge No 2065 AZ$141,677 Secretary $6,000 $5,718 2025
Milton-freewater Oregon Lodge 2146 Benevolent Protective Order Of Elks OR$148,972 Secretary $13,500 $12,423 2025
Sons Of Italy PA$141,177 President $1,800 $1,826 2024
Chestnut Hill Cemetery Assn NY$149,264 Caretaker $23,637 $21,726 2024
Southern Research Institute Veba AL$140,383 Trustee/duly Authorized Official $32,634 $35,861 2024
Gaines Trace Water District MS$150,924 President $396 $437 2025
American Legion AZ$152,104 Bartender $7,830 $7,886 2023
Sdsu Foundation Health Veba Plan For CA$152,605 Trustee $75,573 $68,338 2023
Masonic Charities Of Maryland Inc MD$152,882 Grand Secretary $9,099 $8,909 2023
Atlanta Water Association Inc MS$137,303 President $360 $398 2025
Bpoe Elks Palmetto Lodge 2449 FL$137,282 Secretary $3,218 $3,075 2024
South Kamas Irrigation Company UT$154,509 Secretary $10,630 $11,066 2024
Pleasant Hill Volunteer Fire Department Inc NC$134,969 President $905 $951 2024
Acton Cemetery Inc TX$155,556 Secretary/tr $12,000 $12,570 2023
Benevolent & Protective Order Of Elks WV$134,349 Treasurer $2,400 $2,643 2024
Free And Accepted Masons Of Ca Maya 793 CA$156,398 Secretary $10,790 $9,757 2023
Uniao Portuguesa Beneficente Inc RI$133,796 President $1,000 $975 2024
Mississippi Workers Compensation MS$156,980 Executive Director $88,812 $100,613 2024

Comp (reported) is the figure on each organization's Form 990 (columns D + F); Comp (adjusted) normalizes it to IL 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 IL 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)95th
Reportable pay only (column D), adjusted0th
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 (Joseph Hathaway) 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 131 similarly situated organizations (Same NTEE major group (Y), nationwide + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $86,672 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.