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PeerBasis
Compensation Comparability Determination

Pv Grows Investment Fund Inc

Executive Director / CEO

EIN 474254347
MA · NTEE S31
FY ending 2023-06-30
June 9, 2026

This analysis benchmarks the total compensation of John Waite, Executive Director / CEO ($3,343) against every comparable organization that fit the selection criteria — 209 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 7th percentile of comparable organizationsbelow the typical range for comparable organizations

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

How comparable organizations were selected

209 organizations qualified on sector, size, and geography 209 within the band form the benchmarked peer set.

Distribution of comparable compensation

$1 total compensation of comparable organizations → $225,216 $3,343
$5,61010th
$16,05525th
$33,017Median
$56,18775th
$104,48790th
$3,343This org · 7th
p10$5,610
p25$16,055
p50$33,017
p75$56,187
p90$104,487
$3,343

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 MA 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
Pinellas Urban Properties 2 Inc FL$69,498 Interim President $20,121 $21,897 2022
Downtown Branson Betterment Assoc MO$69,440 Executive Di $39,793 $48,824 2022
Isles Properties Inc NJ$69,346 Managing Director $17,499 $17,387 2023
Athens Housing Ventures Fund Inc GA$70,276 Former Presi $2,210 $2,473 2023
Association Forum Of Chicagoland IL$70,284 President & Ceo $29,477 $31,323 2024
Ablegamers Holding Limited WV$69,120 President $14,367 $16,814 2024
Fells Point Main Street Inc MD$68,891 Executive Dir. $13,364 $13,505 2024
Main Street Manning IA$70,570 Executive Di $11,520 $13,633 2024
Kennedy Heights Community Urban Redevelopment Corporation OH$71,016 Secretary/contract Executive Director $28,307 $33,364 2023
Marshall Area Community Services MI$67,997 Director $7,000 $7,809 2024
Gfwc - Washington State WA$71,618 Trustee $375 $354 2025
Edge For Tomorrow DE$71,729 Executive Director $113,555 $120,183 2024
1edtech Foundation FL$71,791 Ceo (President Of The Board) $30,676 $33,384 2022
Pedals Michigan MI$67,649 President $51,905 $59,619 2023
Whitetail Deer Farmers Of Ohio Inc OH$72,034 Executive Director $36,000 $42,431 2023
International Forum On Ansi-41 Standards Technology MD$72,158 Secretariat $96,000 $97,012 2024
Building Wreckers Local 1421 Bldg Fund MA$72,160 President $133,340 $129,514 2024
Community Growth Foundation CO$67,203 President $23,812 $24,680 2024
Bridgeport Generation Now Votes CT$72,569 President $43,939 $44,530 2024
Onmain Inc OH$66,667 President/coo $42,799 $50,445 2023
Operative Plasterers And Cement IN$73,000 President $92,011 $104,880 2024
Georgia Education Foundation Inc GA$73,033 Executive Di $110,014 $119,566 2024
Aerox NC$73,124 President & Director $195,867 $225,216 2023
The British Home Foundation IL$73,174 Ceo $50,336 $53,490 2024
Mount Baker Hub WA$73,189 Executive Director $47,125 $46,951 2023

Comp (reported) is the figure on each organization's Form 990 (columns D + F); Comp (adjusted) normalizes it to MA 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 MA 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 default7th
Total compensation (D + F), as reported (no adjustments)7th
Reportable pay only (column D), adjusted0th
All sources (D + E + F), adjusted66th

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 (John Waite) 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 209 similarly situated organizations (Same NTEE major group (S), nationwide + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $3,343 is reasonable (approximately the 7th 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.