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PeerBasis
Compensation Comparability Determination

Cfa Society Of Minnesota

Executive Director / CEO

EIN 411861989
MN · NTEE S41
FY ending 2023-08-31
June 9, 2026

This analysis benchmarks the total compensation of Mark Salter, Executive Director / CEO ($106,721) against every comparable organization that fit the selection criteria — 15 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 67th percentile of comparable organizationswithin the typical range

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

How comparable organizations were selected

15 organizations qualified on sector, size, and geography 15 within the band form the benchmarked peer set.

Distribution of comparable compensation

$4,274 total compensation of comparable organizations → $181,645 $106,721
$33,00910th
$68,01325th
$87,161Median
$125,87575th
$154,85490th
$106,721This org · 67th
p10$33,009
p25$68,013
p50$87,161
p75$125,875
p90$154,854
$106,721

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
Ceo Roundtables Of Minnesota Inc MN$464,858 Ceo & President $150,000 $150,000 2023
Nacm North Central MN$448,422 President $24,017 $22,727 2025
Connectup Institute MN$479,058 President $88,833 $88,833 2023
National Association Of Fraternal MN$445,224 Executive Di $84,460 $82,037 2024
Alliance For Community Media MN$439,479 President & Ceo $162,760 $158,090 2024
Visit Brainerd Inc MN$529,666 Executive Di $89,735 $87,161 2024
Surplus Lines Association Of Mn MN$532,749 Executive Di $135,050 $135,050 2023
Greater Stillwater Chamber Of Comme MN$378,463 Presidentexecutive Director $49,862 $48,431 2024
Burnsville Convention And Visitors MN$318,925 Executive Di $93,500 $90,818 2024
Hermantown Chamber Of Commerce Inc MN$312,918 President/ce $76,000 $73,820 2024
International Detailing Association Inc MN$613,794 Board Member $4,400 $4,274 2024
Aspiremn MN$624,614 Executive Director $116,699 $116,699 2023
Minnesota Craft Brewers Guild MN$626,315 Executive Di $83,296 $80,906 2024
Minnesota Commercial Association Of MN$639,434 Executive Director $187,010 $181,645 2024
Winona Convention And Visitors MN$648,554 Executive Director $64,043 $62,206 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 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 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 default67th
Total compensation (D + F), as reported (no adjustments)67th
Reportable pay only (column D), adjusted67th
All sources (D + E + F), adjusted60th

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 (Mark Salter) 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 15 similarly situated organizations (Same NTEE sector (S41) + MN + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $106,721 is reasonable (approximately the 67th 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.