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

Frank Theatre

Executive Director / CEO

EIN 411677750
MN · NTEE A20Z
FY ending 2024-06-30
June 9, 2026

This analysis benchmarks the total compensation of Wendy Knox, Executive Director / CEO ($60,000) 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 76th percentile of comparable organizationswithin the typical range

Benchmarked executive: Wendy Knox — reported title “SECRETARY”, 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

$942 total compensation of comparable organizations → $289,993 $60,000
$5,78310th
$18,32225th
$34,956Median
$59,72575th
$72,85790th
$60,000This org · 76th
p10$5,783
p25$18,322
p50$34,956
p75$59,725
p90$72,857
$60,000

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 MN 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
Lewistown Art Center MT$157,562 Executive Di $31,346 $35,206 2023
Tyler Park Center For The Arts Inc PA$157,663 Executive Director $15,000 $15,138 2024
West Nebraska Arts Center NE$155,385 Executive Di $43,358 $47,195 2024
Oklahoma Mural Syndicate OK$158,724 President $3,998 $4,587 2023
Fremont Center For The Arts CO$159,801 Executive Director $13,884 $13,871 2023
Lightbox Film Center PA$153,749 Board Director $21,000 $21,194 2024
Waterloo Arts OH$161,096 Executive Di $43,333 $46,448 2024
National Storytelling Membership Association Inc MO$163,293 Operations $11,598 $12,432 2024
Bruce Lee Foundation Inc CA$149,396 Executive Director $100,248 $90,193 2023
District One Community Education PA$148,914 Executive Di $35,000 $34,413 2025
Artseed CA$165,991 Exec Dir/secty $39,874 $34,845 2024
Viva Voices Choral Organization Inc KY$166,955 President $49,250 $52,169 2025
Granary Art Center UT$146,593 Executive Director $60,000 $60,545 2025
City College Center For NY$167,400 Managing Director $71,969 $65,816 2024
Classic Planning Instit ME$167,461 Social Media $9,515 $9,642 2024
Center For Arts & Learning Inc VT$168,343 Executive Director $28,411 $29,795 2023
Ne Sculpture Gallery Factory MN$168,662 Secretary $59,833 $59,833 2024
Appalachian Arts Craft Center Inc TN$168,701 Executive Director $48,115 $51,184 2024
Walking Shadow Theatre Company MN$169,065 Executive Director $6,500 $6,332 2025
Island Community House Inc VA$144,658 Executive Director $65,960 $66,357 2023
Theater Resources Unlimited Inc NY$144,204 Executive Direc, President $24,150 $22,737 2023
Collaborative Institute Of Cultural Arts IL$144,152 Director $9,520 $9,751 2023
Fundacion Nacional Para La Cultura Popular PR$169,885 Administratror $9,000 $9,000 2024
Betti Ono Foundation CA$143,415 Ceo/presiden $193,948 $174,496 2023
Krewe Of Seaman Inc LA$143,094 President $73,500 $81,907 2024

Comp (reported) is the figure on each organization's Form 990 (columns D + F); Comp (adjusted) normalizes it to MN 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 MN 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 default76th
Total compensation (D + F), as reported (no adjustments)76th
Reportable pay only (column D), adjusted76th
All sources (D + E + F), adjusted72nd

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 (Wendy Knox) 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 sector (A20), nationwide + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $60,000 is reasonable (approximately the 76th 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.