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PeerBasis
Compensation Comparability Determination

Forge Greensboro

Executive Director / CEO

EIN 462346843
NC · NTEE S30
FY ending 2023-06-30
June 9, 2026

This analysis benchmarks the total compensation of Joseph Rotondi, Executive Director / CEO ($46,667) against every comparable organization that fit the selection criteria — 199 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 22nd percentile of comparable organizationsbelow the typical range for comparable organizations

Benchmarked executive: Joseph Rotondi — reported title “EXECUTIVE DIRECTOR”, a direct title match to the Executive Director / CEO role.

How comparable organizations were selected

199 organizations qualified on sector, size, and geography 199 within the band form the benchmarked peer set.

Distribution of comparable compensation

$196 total compensation of comparable organizations → $425,702 $46,667
$25,49610th
$54,84125th
$83,459Median
$112,87975th
$142,58490th
$46,667This org · 22nd
p10$25,496
p25$54,841
p50$83,459
p75$112,879
p90$142,584
$46,667

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 NC 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
Delaware County Local Development Corp NY$448,417 Executive Direc $11,295 $9,595 2024
Franklin Southampton Economic VA$449,138 President $95,605 $86,776 2024
Xcelerate Women OR$450,105 Executive Dir. $94,938 $82,878 2024
Pennsylvania Route 6 Alliance PA$445,943 Executive Director $59,048 $55,354 2024
Grow Licking County OH$451,225 Executive Director $120,000 $123,007 2023
Las Vegas Employment Project NV$451,865 President $16,195 $14,867 2025
Operation Reboot CA$452,245 Chief Executive Officer $169,982 $142,054 2023
Prospera Georgia Llc GA$452,756 Ceo/president $44,863 $42,404 2024
Downtown Management Corporation Of Fort FL$453,787 President $109,750 $96,919 2024
Economic Development Corporation Of New CT$453,860 Administrator $127,844 $112,680 2024
Just Economics NC$441,994 Executive Director $73,343 $71,239 2024
San Saba Economic Development Corp TX$441,381 Edc Secretary Treasurer $60,000 $56,420 2024
Economic Forum NM$441,102 Executive Di $130,000 $135,321 2023
Randolph County Community & Economic IN$439,187 Executive Director $44,499 $44,113 2024
Gibson County Economic Development Corporation IN$457,365 Executive Director $107,796 $106,861 2024
Identity Clark County WA$458,605 Policy And Projects Coordinator $2,143 $1,857 2023
Division Midway Alliance For OR$458,798 Executive Dir. $90,189 $78,732 2024
Buffalo Niagara Film Commission Inc NY$459,494 President $110,892 $94,197 2024
Stevenson Downtown Association WA$433,708 Executive Director $68,210 $57,407 2024
Michigan Economic Developers MI$463,953 Executive Di $117,108 $116,984 2023
Economic Development Corporation UT$465,280 Director $107,039 $106,025 2023
Ravalli County Economic Development MT$430,835 Executive Dir. $58,135 $58,908 2024
Civstart Corp DC$465,744 Ceo $96,900 $82,295 2023
Industry University Research Center Inc PR$467,060 Executive Director $140,176 $136,154 2024
Laurel District Association CA$468,876 Executive Dir. $52,083 $42,277 2024

Comp (reported) is the figure on each organization's Form 990 (columns D + F); Comp (adjusted) normalizes it to NC 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 NC 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 default22nd
Total compensation (D + F), as reported (no adjustments)20th
Reportable pay only (column D), adjusted23rd
All sources (D + E + F), adjusted14th

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 Rotondi) 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 199 similarly situated organizations (Same NTEE sector (S30), nationwide + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $46,667 is reasonable (approximately the 22nd 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.