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PeerBasis
Compensation Comparability Determination

Flying V Ltd

Executive Director / CEO

EIN 453158715
MD · NTEE A65
FY ending 2023-12-31
June 9, 2026

This analysis benchmarks the total compensation of Katherine Ross, Executive Director / CEO ($37,000) against every comparable organization that fit the selection criteria — 310 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 47th percentile of comparable organizationswithin the typical range

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

How comparable organizations were selected

310 organizations qualified on sector, size, and geography 310 within the band form the benchmarked peer set.

Distribution of comparable compensation

$720 total compensation of comparable organizations → $137,316 $37,000
$6,69310th
$19,72425th
$38,523Median
$55,85075th
$68,76490th
$37,000This org · 47th
p10$6,693
p25$19,724
p50$38,523
p75$55,850
p90$68,764
$37,000

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 MD 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
Inside Out Theatre Company Inc FL$287,632 Executive Director $65,004 $63,444 2024
Marblehead Little Theatre Inc MA$288,684 Secretary $3,800 $3,456 2025
Provincetown Tennessee Williams Theater MA$286,234 Director/curator $30,000 $28,008 2024
Murphys Creek Theater Conservatory CA$286,025 Vice President $65,000 $60,036 2023
Flashback Theater Co KY$285,896 Producing Ar $30,000 $32,623 2025
Improv Utopia CA$289,594 Presidentceo $50,417 $45,231 2024
Soul Rep Theatre Company TX$289,722 Producton $26,854 $27,189 2025
Cactus Pear Music Festival TX$284,917 Executive Dir. $69,333 $72,055 2024
Wichita Falls Backdoor Players Inc TX$290,648 Executive Director $45,510 $48,694 2023
Children's Educational Theatre Inc OR$291,263 Executive Director $23,089 $22,277 2024
Chicago Dramatists IL$291,266 Artistic Direc. $33,065 $34,770 2023
Mtvarts Inc OH$284,064 Artistic Dir $7,200 $7,922 2024
Hawaii Childrens Theatre HI$283,277 Secretary $4,000 $3,720 2024
The Harbor Stage Company Inc MA$281,765 President $11,508 $10,744 2024
Rising Star Theatre Company IA$281,633 Director/artistic And Education Director $39,000 $45,676 2023
Live Oak Theatre Company Inc FL$281,507 President $7,376 $7,412 2023
The Gift Theatre Company IL$280,448 Managing Director $41,346 $42,231 2024
Bond Street Theatre Coalition Ltd NY$295,067 Vice Preside $31,200 $29,291 2024
Paris Community Theater TX$295,327 President $4,700 $4,884 2024
Mineral Point Opera House Inc WI$295,976 Director $33,132 $35,949 2024
Yard Theater Inc CA$296,182 President $31,150 $28,771 2023
Water People Theater Group Nfp IL$279,163 Exec Artistic Director $61,200 $62,509 2024
New York City Players Inc NY$296,648 President $2,875 $2,779 2023
Invictus Theatre IL$278,797 President And Artistic Director $22,028 $22,499 2024
Pulse Ensemble Theatre Inc NY$278,685 President $6,600 $6,379 2023

Comp (reported) is the figure on each organization's Form 990 (columns D + F); Comp (adjusted) normalizes it to MD 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 MD 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 default47th
Total compensation (D + F), as reported (no adjustments)51st
Reportable pay only (column D), adjusted49th
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 (Katherine Ross) 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 310 similarly situated organizations (Same NTEE sector (A65), nationwide + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $37,000 is reasonable (approximately the 47th 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.