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PeerBasis
Compensation Comparability Determination

The Corda Foundation

Executive Director / CEO

EIN 562206344
NC · NTEE A20
FY ending 2023-12-31
June 9, 2026

This analysis benchmarks the total compensation of Virginia Odessky, Executive Director / CEO ($35,000) against every comparable organization that fit the selection criteria — 44 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 57th percentile of comparable organizationswithin the typical range

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

How comparable organizations were selected

44 organizations qualified on sector, size, and geography 44 within the band form the benchmarked peer set.

Distribution of comparable compensation

$1 total compensation of comparable organizations → $244,640 $35,000
$4,98010th
$11,37225th
$31,096Median
$47,87875th
$80,79090th
$35,000This org · 57th
p10$4,980
p25$11,372
p50$31,096
p75$47,878
p90$80,790
$35,000

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 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
Bird Island Cultural Centre MN$103,456 Director $1,800 $1,672 2024
Noise Salon Inc MA$100,002 Executive Director/ Treasurer $15,914 $13,840 2023
Committee For A Better New Orleans LA$107,720 Executive Director $80,000 $82,809 2024
Beverlys Exhibitions Corp NY$96,523 Creative Director $6,100 $5,335 2023
The Arts Project Inc MD$110,552 Executive Director $24,559 $21,583 2024
Belton Center For The Arts SC$111,131 Executive Director $35,077 $34,400 2024
Japan House La Foundation CA$111,910 Ceo $6,000 $4,870 2024
Vedanta Institute Houston TX$94,177 Director $8,500 $8,229 2023
Chicago Fashion Development IL$114,325 Executive Director $40,000 $38,059 2023
Society Of Animal Artists Inc CO$91,564 Executive Direc $49,000 $44,168 2024
Palacios House Of Arts LA$88,100 Executive Director $19,123 $20,379 2023
509 Cultural Center CA$88,051 Co-executive Director $50,000 $40,587 2024
Sentimental Journey Inc PA$87,602 Executive Coordinator $9,909 $9,289 2024
The Center For Less Unpleasant NY$86,910 President $288,000 $244,640 2024
Leesburg Art Festival Inc FL$83,828 Executive Di $21,731 $19,191 2024
Chsee Inc NY$123,771 Treasurer $4,760 $4,043 2024
500 Sails MP$125,662 Executive Dir. $61,475 $59,711 2024
Life On Art CA$125,745 Executive Director (Start 7/2024) $76,154 $61,816 2024
Center For Reflection Education And Action Incorporated CT$80,446 Executive Director $45,000 $39,663 2024
Artlands Creative CA$80,166 Executive Director $25,000 $20,893 2023
Francis Hardy Center For The Arts WI$127,870 Executive Director $50,000 $49,088 2024
Wildstar Academy OR$128,981 Executive Director $6,000 $5,238 2024
El Paso International & Cultural Arts TX$76,381 Artistic Director $4,000 $3,872 2023
Kansas Sampler Foundation Inc KS$130,535 Co-director $100,202 $104,767 2023
Culture Mill Inc NC$130,625 Director $46,866 $44,348 2025

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 default57th
Total compensation (D + F), as reported (no adjustments)52nd
Reportable pay only (column D), adjusted57th
All sources (D + E + F), adjusted55th

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 (Virginia Odessky) 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 44 similarly situated organizations (Same NTEE sector (A20), nationwide + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $35,000 is reasonable (approximately the 57th 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.