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PeerBasis
Compensation Comparability Determination

Iowa Farm Bureau Federation

Executive Director / CEO

EIN 420680715
IA · NTEE K28Z
FY ending 2024-12-31
June 9, 2026

This analysis benchmarks the total compensation of Bill Noteboom, Executive Director / CEO ($100) against every comparable organization that fit the selection criteria — 165 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 1st percentile of comparable organizationsbelow the typical range for comparable organizations

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

How comparable organizations were selected

165 organizations qualified on sector, size, and geography 165 within the band form the benchmarked peer set.

Distribution of comparable compensation

$41 total compensation of comparable organizations → $221,845 $100
$6,15410th
$15,78125th
$34,020Median
$48,56375th
$70,30190th
$100This org · 1st
p10$6,154
p25$15,781
p50$34,020
p75$48,563
p90$70,301
$100

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 IA 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
Patrons Of Husbandry Maine State Grange ME$151,737 Master $16,500 $15,090 2024
Texas Farmers Union Inc TX$149,966 President $35,807 $33,679 2023
Forsyth Backpack Program NC$153,389 Executive Director $18,343 $16,864 2025
Community Food Bank IN$149,069 Manager $12,000 $11,557 2024
Richmond Food Shelf And Thrift Store Inc VT$154,160 Executive Director $42,482 $39,052 2024
Gumdrops Nfp IL$148,370 President $31,200 $28,014 2024
Jefferson Growers Artisans And Prod WV$154,971 Executive Director $15,514 $15,341 2024
Junction City Local Aid OR$147,846 Pantry Coordinator $28,444 $24,837 2023
Eastern States Exposition MA$155,613 President $143,482 $117,756 2024
American Jersey Cattle Club OH$146,119 Executive Secretary $16,840 $16,770 2023
Center For Agricultural Resilience GA$145,280 Executive Di $55,000 $51,999 2023
Taunton Area Community Table Inc MA$144,909 Director $39,000 $32,953 2023
Meals On Wheels Of Somerset County PA$144,531 Employee $32,847 $29,916 2024
Utah Charities UT$158,774 President $10,400 $9,721 2024
International Milling Education KS$143,734 Board Secretary $43,304 $42,727 2024
Mar-del Watermelon Association Inc MD$143,609 Secretary/tr $14,400 $12,658 2023
Why Not Ministries TN$159,692 President $10,271 $10,151 2023
Martha's Table So Inc DC$142,307 President And Ceo $9,987 $8,240 2023
Feed Buffalo Inc NY$141,575 Executive Director $74,254 $63,090 2023
Three Springs Community Farm CA$140,993 Board Member $52,690 $41,553 2024
Healthy Kids Katering Service Of Paterson Inc NJ$162,422 Director $12,064 $10,128 2023
Dulles South Soup Kitchen Inc VA$162,569 Director $36,000 $31,746 2024
Harvest Rural Feeding Services Inc AR$163,316 Officer $8,550 $8,551 2025
Hope Full Life Center Inc NY$137,707 Executive Director $6,500 $5,364 2024
Snack In A Backpack Inc GA$165,273 Director $31,763 $29,168 2024

Comp (reported) is the figure on each organization's Form 990 (columns D + F); Comp (adjusted) normalizes it to IA 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 IA 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 default1st
Total compensation (D + F), as reported (no adjustments)1st
Reportable pay only (column D), adjusted0th
All sources (D + E + F), adjusted1st

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 (Bill Noteboom) 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 165 similarly situated organizations (Same NTEE major group (K), nationwide + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $100 is reasonable (approximately the 1st 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.