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PeerBasis
Compensation Comparability Determination

Bedford Chamber Of Commerce Inc

Executive Director / CEO

EIN 540519785
VA · NTEE S41Z
FY ending 2023-12-31
June 9, 2026

This analysis benchmarks the total compensation of Kayla Waller, Executive Director / CEO ($55,108) against every comparable organization that fit the selection criteria — 18 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: Kayla Waller — reported title “PRESIDENT”, a direct title match to the Executive Director / CEO role.

How comparable organizations were selected

18 organizations qualified on sector, size, and geography 18 within the band form the benchmarked peer set.

Distribution of comparable compensation

$4,080 total compensation of comparable organizations → $180,000 $55,108
$22,48710th
$55,53625th
$75,190Median
$102,18375th
$142,19190th
$55,108This org · 28th
p10$22,487
p25$55,536
p50$75,190
p75$102,183
p90$142,191
$55,108

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 VA 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
Reflective Insulation Manufacturers Assn VA$210,409 Executive Direc $84,000 $84,000 2023
Foundation For Strategic Sourcing Inc VA$236,820 Executive Dir. $46,669 $46,669 2023
Virginia Association Of Independent VA$202,244 Executive Dir. $108,934 $105,809 2024
Federal It Security Institute VA$243,057 Executive Director And Ceo $30,000 $29,139 2024
Asian American Chamber VA$243,269 President $75,000 $72,848 2024
State Business Executives VA$250,000 President & Ceo $121,500 $118,014 2024
Virginia Beach Restaurant Association VA$190,615 Executive Director $68,383 $68,383 2023
Vienna Business Association VA$189,060 Executive Di $80,222 $75,912 2025
Int'l Conf Of Symphony And Opera Musicians VA$259,149 Chairperson $7,363 $6,967 2025
Charlottesville Business Innovation VA$274,073 Executive Director $76,667 $74,467 2024
Professional Travel Agents Of North VA$275,101 Treasurer $4,200 $4,080 2024
Mobilizing And Organizing Virginians For Engagement VA$277,499 Executive Director $94,000 $91,303 2024
Louisa County Chamber Of Commerce VA$165,743 Executive Director $53,003 $53,003 2023
Shared Services Leadership Coalition VA$278,150 Founder, Ceo & Board Membe $180,000 $180,000 2023
Southeast Dairy Farmers Association Inc VA$157,907 Executive Director $145,944 $145,944 2023
Hopewell Prince George Chamber Of Commerce VA$292,646 Ceo $80,000 $80,000 2023
Taan Worldwide Inc VA$319,194 President $140,583 $140,583 2023
Powhatan Chamber Of Commerce VA$326,450 Executive Director $65,000 $63,135 2024

Comp (reported) is the figure on each organization's Form 990 (columns D + F); Comp (adjusted) normalizes it to VA 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 VA 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 default28th
Total compensation (D + F), as reported (no adjustments)28th
Reportable pay only (column D), adjusted28th
All sources (D + E + F), adjusted28th

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 (Kayla Waller) 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 18 similarly situated organizations (Same NTEE sector (S41) + VA + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $55,108 is reasonable (approximately the 28th 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.