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PeerBasis
Compensation Comparability Determination

Institute Of Real Estate Management

Executive Director / CEO

EIN 510204250
MI · NTEE S47Z
FY ending 2024-12-31
June 9, 2026

This analysis benchmarks the total compensation of Susan Knowles, Executive Director / CEO ($60,756) against every comparable organization that fit the selection criteria — 56 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 75th percentile of comparable organizationswithin the typical range

Benchmarked executive: Susan Knowles — reported title “EXECUTIVE DI”, a direct title match to the Executive Director / CEO role.

How comparable organizations were selected

56 organizations qualified on sector, size, and geography 56 within the band form the benchmarked peer set.

Distribution of comparable compensation

$1,532 total compensation of comparable organizations → $199,756 $60,756
$6,90510th
$11,15825th
$32,395Median
$60,10475th
$93,56790th
$60,756This org · 75th
p10$6,905
p25$11,158
p50$32,395
p75$60,104
p90$93,567
$60,756

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 MI 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
Sheet Metal Workers Local 58 NY$156,493 Director $56,945 $49,853 2024
Laborers District Council Of Mn & Nd MN$151,260 President/business Manager $114,694 $109,799 2024
Dpcr Holding Corporation OH$150,000 Secretary $10,739 $11,345 2023
Teamsters Local 682 Real Estate Company MO$158,364 President/principal Office $93,107 $95,541 2024
The Labor Temple Association MN$159,147 President $1,600 $1,532 2024
Crocker Masonic Hall Association CA$146,766 Cfo $11,000 $9,474 2023
Puerto Rican Association For Human NJ$146,634 Executive Director/ceo $8,688 $7,515 2024
Mount Sinai Med Office Buildii Inc FL$163,279 President/ceo $77,682 $70,702 2024
Dcfof Realty Investment Inc TX$144,421 Executive Dir. $12,988 $12,587 2024
Gifford Workforce Llc MA$164,221 President $11,821 $10,595 2023
Airconditioning And Refrigeration CA$143,589 Administrator $73,014 $61,083 2024
Pac Holding Inc MO$165,000 President $62,199 $65,710 2023
Cahec Building Corporation NC$166,344 Assistant Secretary $59,714 $59,777 2024
Ebec Holdings RI$168,000 Executive Di $7,923 $7,360 2024
Primecare Belmont Cragin Holding IL$172,050 Director $9,740 $9,551 2023
Gifford Workforce Ii Llc MA$173,448 President $11,821 $10,595 2023
Nwgm Title Holding Company Iii Inc NH$132,850 President $19,521 $17,013 2025
Pac Development Inc MO$176,953 President $57,598 $59,104 2024
Bucknell Real Estate Inc PA$177,000 Vp Fin And Adm $81,722 $81,288 2023
Broad Street Holdings Inc IN$177,653 President/secretary $20,168 $21,214 2023
Scottish Rite Temple Of Bellingham WA$130,303 Secretary $4,950 $4,420 2023
Muscatine Board Of Realtors Inc IA$130,025 Executive Of $34,820 $36,937 2024
Children's Choice Property Two NJ$178,332 President/c.e.o $19,805 $17,132 2024
Elevator Constructors Local 9 Building MN$179,728 President/treasurer $89,356 $85,542 2024
Valley Board Of Realtors Inc AK$181,274 Executive As $49,250 $45,618 2024

Comp (reported) is the figure on each organization's Form 990 (columns D + F); Comp (adjusted) normalizes it to MI 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 MI 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 default75th
Total compensation (D + F), as reported (no adjustments)71st
Reportable pay only (column D), adjusted95th
All sources (D + E + F), adjusted20th

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 (Susan Knowles) 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 56 similarly situated organizations (Same NTEE sector (S47), nationwide + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $60,756 is reasonable (approximately the 75th 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.