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PeerBasis
Compensation Comparability Determination

Heritage Fund Supporting Foundation Inc

Executive Director / CEO

EIN 352135816
IN · NTEE T11
FY ending 2024-12-31
June 9, 2026

This analysis benchmarks the total compensation of Tracy Souza, Executive Director / CEO ($12,204) against every comparable organization that fit the selection criteria — 19 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 32nd percentile of comparable organizationswithin the typical range

Benchmarked executive: Tracy Souza — reported title “PRESIDENT & CEO”, a direct title match to the Executive Director / CEO role.

How comparable organizations were selected

19 organizations qualified on sector, size, and geography 19 within the band form the benchmarked peer set.

Distribution of comparable compensation

$981 total compensation of comparable organizations → $74,704 $12,204
$6,91710th
$7,95925th
$27,804Median
$49,21475th
$63,70790th
$12,204This org · 32nd
p10$6,917
p25$7,959
p50$27,804
p75$49,214
p90$63,707
$12,204

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
Thelma Pearl Howard Foundation CA$31,188 Secretary $53,882 $45,424 2023
The Intercommunity Foundation Inc CT$32,046 Incorporator/director $74,347 $66,102 2024
Blue Water Land Fund Inc MI$30,371 President/ceo $64,477 $63,108 2024
Tyler County Hospital Foundation TX$32,741 President $18,081 $17,657 2023
Wisdom Wonder Project CA$33,551 President/executive Direct $1,164 $981 2023
Iarca Institute For Excellence Inc IN$27,107 Executive Director $15,000 $15,000 2024
Ritter Charitable Trust NV$35,779 Director $44,453 $43,501 2023
Robert And Eileen Sill Family Foundation OH$26,365 Assistant Secretary $37,656 $38,937 2023
Providence Animal Center Foundation PA$25,836 Executive Director $8,213 $7,996 2023
Kr Fund Inc MD$25,146 President & Public Dir. Until 07/24 $30,197 $26,771 2024
Dentaquest Care Group Inc MA$39,146 President/director [7/20/2024 - 12/31/2024] $62,202 $53,004 2024
Leonard And Diane Sherman Family IL$23,334 Treasurer $80,133 $74,704 2024
Tupper Family Foundation NJ$21,944 Trustee $6,184 $5,236 2024
The Real Estate Trust Of Silicon Valley Community Foundation CA$21,903 President $74,236 $60,786 2024
Nathalie & Theodore Jones Charitable MA$42,445 Trustee $9,197 $7,837 2024
Nathalie & Theodore Jones Charitable MA$42,944 Trustee $8,363 $7,337 2023
Lezah Stenger Foundation MO$43,227 Director $35,676 $35,831 2024
Vogt Family Affiliated Fund Of The Okc OK$46,138 Secretary $25,864 $27,804 2023
Nathalie & Theodore Jones Charitable MA$46,636 Trustee $9,296 $7,921 2024

Comp (reported) is the figure on each organization's Form 990 (columns D + F); Comp (adjusted) normalizes it to IN 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 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 default32nd
Total compensation (D + F), as reported (no adjustments)32nd
Reportable pay only (column D), adjusted0th
All sources (D + E + F), adjusted47th

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 (Tracy Souza) 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 19 similarly situated organizations (Same NTEE sector (T11), nationwide + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $12,204 is reasonable (approximately the 32nd 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.