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

Denver Ballet Theatre

Executive Director / CEO

EIN 465570882
CO · NTEE A63
FY ending 2023-12-31
June 9, 2026

This analysis benchmarks the total compensation of Alexandru Glushacov, Executive Director / CEO ($40,000) against every comparable organization that fit the selection criteria — 742 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 66th percentile of comparable organizationswithin the typical range

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

How comparable organizations were selected

742 organizations qualified on sector, size, and geography 742 within the band form the benchmarked peer set.

Distribution of comparable compensation

$234 total compensation of comparable organizations → $451,549 $40,000
$4,68810th
$13,36925th
$28,663Median
$48,41275th
$67,08590th
$40,000This org · 66th
p10$4,688
p25$13,369
p50$28,663
p75$48,412
p90$67,085
$40,000

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 CO 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
Bloomfield Access Television CT$124,200 Executive Director $67,813 $64,406 2024
Ballet Afsaneh Art & Culture Society CA$124,017 Executive Director $19,500 $17,057 2024
Granby Community Access And Media Inc MA$124,269 Executive Director $25,449 $23,165 2024
Susan B Anthony Birthplace Museum Inc MA$124,399 Executive Director $70,000 $63,719 2024
Studio Place Arts Inc VT$123,837 Executive Director $65,805 $67,093 2024
Codington County Historical Society SD$123,793 Museum Director $49,778 $57,293 2023
Chsee Inc NY$123,771 Treasurer $4,760 $4,357 2024
Captain Avery Museum Inc MD$124,562 Executive Director $46,688 $45,521 2023
East End African American Museum NY$124,562 Executive Di $20,000 $18,848 2023
Shakespearean Youth Theater Company MN$124,596 Managing Director $36,000 $37,098 2023
Museum Of Deaf History Arts And Culture KS$124,707 Co-executive Director $45,833 $51,639 2023
The Walter Hive AZ$123,495 Executive Director $75,790 $76,015 2023
Small Steps Nurturing Center Foundation TX$124,777 Executive Director $9,640 $10,057 2023
All Cultures Equal Inc IA$123,407 Executive Dir. $14,300 $16,329 2023
International Royal Order Of Jesters Inc IN$124,859 Executive Director $11,040 $11,793 2024
Dance Notation Bureau Inc NY$124,898 Executive Director - Vice President $5,275 $4,971 2023
Asbury Park Arts Council Inc NJ$123,192 Secretary/ex $77,140 $69,767 2024
Gordon Education Initiatives For TX$123,161 Executive Di $30,170 $30,570 2024
Cedar Falls Band Inc IA$123,132 President $760 $843 2024
Golden Tones Inc MA$125,163 Exec Director $66,096 $60,165 2024
Greater Rochester Arts And Cultural Trust MN$125,170 Ceo $15,007 $15,020 2024
People Power Media CA$123,006 Secretary $6,000 $5,248 2024
One Achord Guitar Lessons Inc CA$122,814 President $77,624 $67,897 2024
Kyl Dancers Inc PA$125,561 Executive Director $42,500 $42,932 2024
The Golandsky Institute Inc NY$125,617 President $16,635 $15,676 2023

Comp (reported) is the figure on each organization's Form 990 (columns D + F); Comp (adjusted) normalizes it to CO 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 CO 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 default66th
Total compensation (D + F), as reported (no adjustments)65th
Reportable pay only (column D), adjusted67th
All sources (D + E + F), adjusted62nd

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 (Alexandru Glushacov) 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 742 similarly situated organizations (Same NTEE major group (A), nationwide + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $40,000 is reasonable (approximately the 66th 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.