Executive Director / CEO
This analysis benchmarks the total compensation of Lisa Heady, Executive Director / CEO ($21,845) against every comparable organization that fit the selection criteria — 120 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.
Compensation sits at approximately the 28th percentile of comparable organizationswithin the typical range
Benchmarked executive: Lisa Heady — reported title “Board Chair, Executive Director”, selected as the organization's highest-paid individual — no exact title match, so confirm this is a comparable role.
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 IN cost of living (BEA RPP, 2023) and to its filing year (CPI-U); the reported amount is on each linked 990.
| Organization | State | Revenue | Matched title | Comp (reported) | Comp (adjusted) | FY |
|---|---|---|---|---|---|---|
| Collide | TX | $224,510 | Artistic Dir | $47,000 | $44,582 | 2024 |
| Resonance Works | PA | $223,259 | Board Member | $600 | $567 | 2024 |
| Wonderlust Productions | MN | $223,119 | Board Member And Co-artistic Director | $44,750 | $43,169 | 2023 |
| Mosaic Steel Orchestra | VA | $222,867 | President | $70,763 | $66,704 | 2023 |
| The Square Foot Theatre Company Inc | CT | $222,033 | Excutive Director & Co-founder | $12,379 | $11,332 | 2023 |
| Vineyard Arts Project Limited | MA | $221,556 | Founder And Artistic Director | $97,846 | $85,840 | 2023 |
| Base Academy Of Music | MO | $220,833 | Executive Director | $29,692 | $29,821 | 2024 |
| Bach Society Of Dayton Inc | OH | $230,536 | Music Director | $15,000 | $14,677 | 2025 |
| Corrib Theatre | OR | $219,389 | Managing Director | $63,358 | $57,441 | 2023 |
| Columbia Basin Allied Arts | WA | $231,970 | Executive Di | $40,126 | $34,066 | 2024 |
| Pegasus Musical Society | TX | $233,365 | Artistic Director | $51,000 | $48,377 | 2024 |
| Cerimon House | OR | $233,601 | Artistic Director | $88,269 | $80,026 | 2023 |
| Professional Theatre And Dance | IL | $234,365 | Artistic Dir | $50,112 | $45,513 | 2025 |
| Opera Project Columbus Inc | OH | $216,683 | Secretary | $7,600 | $7,858 | 2023 |
| Bruka Theater Of The Sierra Inc | NV | $215,521 | Executive Director | $28,620 | $28,007 | 2023 |
| Steel City Improv Theater | PA | $215,164 | Interim Executive Director | $60,370 | $58,774 | 2023 |
| East Side Arts Council | MN | $213,627 | Executive Dir. | $40,810 | $38,239 | 2024 |
| Detroit Puppet Company | MI | $237,682 | Board Member | $30,727 | $30,075 | 2024 |
| Blackstone River Theatre | RI | $213,507 | Executive Director | $72,538 | $67,905 | 2023 |
| Freed Performing Arts Inc | FL | $211,849 | President | $36,000 | $33,017 | 2023 |
| Dramaworks A Ca Nonprofit Benefit Corp | CA | $239,759 | Vice President | $18,000 | $15,175 | 2023 |
| Experiments In Opera | NY | $211,152 | Executive Director | $12,000 | $10,018 | 2025 |
| Ovation Theatre | CA | $209,509 | Executive Director | $53,750 | $44,012 | 2024 |
| Theatre Art For Kids | NE | $208,967 | President | $23,333 | $23,798 | 2024 |
| Our Fabulous Variety Show Inc | NY | $208,492 | Executive Di | $33,648 | $28,089 | 2025 |
Comp (reported) is the figure on each organization's Form 990 (columns D + F); Comp (adjusted) normalizes it to IN cost of living and 2024 dollars. Click any organization to verify the figure on ProPublica.
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 IN 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.
Sensitivity — the subject's percentile under alternative compensation definitions:
| Basis | Subject percentile |
|---|---|
| Total compensation (D + F), cost-of-living + inflation adjusted — the PeerBasis default | 28th |
| Total compensation (D + F), as reported (no adjustments) | 26th |
| Reportable pay only (column D), adjusted | 29th |
| All sources (D + E + F), adjusted | 28th |
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.
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
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.