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

Innovation Fund America Inc

Executive Director / CEO

EIN 461761848
OH · NTEE S30
FY ending 2024-07-31
June 9, 2026

This analysis benchmarks the total compensation of Joseph Martin, Executive Director / CEO ($17,000) against every comparable organization that fit the selection criteria — 21 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 0th percentile of comparable organizationsbelow the typical range for comparable organizations

Benchmarked executive: Joseph Martin — reported title “TREASURER”, selected as the organization's highest-paid individual — no exact title match, so confirm this is a comparable role.

How comparable organizations were selected

21 organizations qualified on sector, size, and geography 21 within the band form the benchmarked peer set.

Distribution of comparable compensation

$20,218 total compensation of comparable organizations → $95,447 $17,000
$21,58810th
$27,18025th
$43,507Median
$56,31275th
$86,35790th
$17,000This org · 0th
p10$21,588
p25$27,180
p50$43,507
p75$56,312
p90$86,357
$17,000

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 OH 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
Wake Forest Innovation Quarter Cdc NC$75,240 Director & President $56,067 $56,312 2023
Grants Mainstreet Project NM$75,786 Executive Dire $26,017 $25,739 2025
Barrio Logan Association CA$77,320 Director $53,800 $43,862 2024
Borderplex Community Capital Inc TX$80,591 President & Ceo $91,437 $86,357 2024
Community Development Fund Of Utah UT$81,669 Chief Executive Officer $27,320 $27,180 2023
Orleans County Local Development NY$82,917 C.e.o./c.f.o. $23,698 $20,218 2024
Onmain Inc OH$66,667 President/coo $42,799 $44,063 2023
Dawson Co Economic Development Council MT$66,093 Executive Director $28,500 $29,006 2024
Overland Park Chamber Foundation KS$85,551 President $32,826 $33,483 2024
Regional Economic Development And Energy NY$60,050 President $106,965 $91,258 2024
The Partnership Foundation Inc MS$55,821 Secretary $20,071 $21,106 2024
Lincoln Economic Advancement & IL$94,896 Ceo $99,879 $95,447 2023
Vergennes Partnership Inc VT$96,959 Executive Director $27,560 $26,191 2024
Advancect Foundation Inc CT$52,816 President $24,386 $21,588 2024
Pidc Financing Corporation PA$51,975 Executive Vice President $72,708 $68,457 2024
Greenfield Main Street Inc IN$99,764 Executive Director $55,000 $54,761 2024
Greater Chicago Advanced Manufacturing IL$103,136 Executive Dir. $46,872 $43,507 2024
Black Chamber Of Commerce Of Greater Kansas City MO$103,214 Executive Director $29,794 $29,794 2024
Argentine Betterment Corporation KS$106,067 Executive Dir. $70,868 $74,420 2023
Economic And Community Growth PA$109,285 President/ce $43,001 $40,487 2024
Northwest Nebraska Development Corp NE$112,564 Executive Di $55,093 $55,946 2024

Comp (reported) is the figure on each organization's Form 990 (columns D + F); Comp (adjusted) normalizes it to OH 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 OH 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 default0th
Total compensation (D + F), as reported (no adjustments)0th
Reportable pay only (column D), adjusted48th
All sources (D + E + F), adjusted0th

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 (Joseph Martin) 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 21 similarly situated organizations (Same NTEE sector (S30), nationwide + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $17,000 is reasonable (approximately the 0th 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.