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PeerBasis
Compensation Comparability Determination

Industry University Research Center Inc

Executive Director / CEO

EIN 660497943
PR · NTEE S30
FY ending 2024-12-31
June 9, 2026

This analysis benchmarks the total compensation of Ivan Lugo, Executive Director / CEO ($140,176) against every comparable organization that fit the selection criteria — 195 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 84th percentile of comparable organizationswithin the typical range

Benchmarked executive: Ivan Lugo — reported title “Executive Director”, a direct title match to the Executive Director / CEO role.

How comparable organizations were selected

195 organizations qualified on sector, size, and geography 195 within the band form the benchmarked peer set.

Distribution of comparable compensation

$241 total compensation of comparable organizations → $452,714 $140,176
$27,47010th
$55,31225th
$90,000Median
$120,02575th
$159,36590th
$140,176This org · 84th
p10$27,470
p25$55,312
p50$90,000
p75$120,025
p90$159,365
$140,176

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); the reported amount is on each linked 990.

OrganizationStateRevenueMatched titleComp
(reported)
Comp
(adjusted)
FY
Civstart Corp DC$465,744 Ceo $96,900 $99,762 2023
Economic Development Corporation UT$465,280 Director $107,039 $110,201 2023
Laurel District Association CA$468,876 Executive Dir. $52,083 $52,083 2024
Michigan Economic Developers MI$463,953 Executive Di $117,108 $120,567 2023
Startup Columbus Inc GA$473,042 Executive Dir. $98,329 $98,329 2024
Sustainable Communities Fund CA$474,274 Chief Executive Officer $269,537 $269,537 2024
Built Oregon OR$474,305 Director $15,000 $15,000 2024
Buffalo Niagara Film Commission Inc NY$459,494 President $110,892 $110,892 2024
Division Midway Alliance For OR$458,798 Executive Dir. $90,189 $90,189 2024
Identity Clark County WA$458,605 Policy And Projects Coordinator $2,143 $2,206 2023
Gibson County Economic Development Corporation IN$457,365 Executive Director $107,796 $107,796 2024
North Central Montana Economic MT$479,833 Executive Direc $80,000 $82,363 2023
Economic Development Corporation Of New CT$453,860 Administrator $127,844 $127,844 2024
Downtown Management Corporation Of Fort FL$453,787 President $109,750 $109,750 2024
Prospera Georgia Llc GA$452,756 Ceo/president $44,863 $44,863 2024
Operation Reboot CA$452,245 Chief Executive Officer $169,982 $175,003 2023
Las Vegas Employment Project NV$451,865 President $16,195 $15,778 2025
Grow Licking County OH$451,225 Executive Director $120,000 $123,544 2023
Xcelerate Women OR$450,105 Executive Dir. $94,938 $94,938 2024
Greater Sarasota Chamber Of Commerce FL$484,842 President $27,727 $28,546 2023
Franklin Southampton Economic VA$449,138 President $95,605 $95,605 2024
Delaware County Local Development Corp NY$448,417 Executive Direc $11,295 $11,295 2024
Forge Greensboro NC$448,207 Executive Director $46,667 $48,045 2023
Arlee Community Development Corporation MT$488,173 Executive Director $75,000 $77,215 2023
Pennsylvania Route 6 Alliance PA$445,943 Executive Director $59,048 $59,048 2024

Comp (reported) is the figure on each organization's Form 990 (columns D + F); Comp (adjusted) normalizes it to PR 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. 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 default84th
Total compensation (D + F), as reported (no adjustments)85th
Reportable pay only (column D), adjusted85th
All sources (D + E + F), adjusted75th

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 (Ivan Lugo) 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 195 similarly situated organizations (Same NTEE sector (S30), nationwide + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $140,176 is reasonable (approximately the 84th 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.