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PeerBasis
Compensation Comparability Determination

Southeast Michigan Opportunity Trust

Executive Director / CEO

EIN 817022080
MI · NTEE T11
FY ending 2024-12-31
June 9, 2026

This analysis benchmarks the total compensation of Richard L Devore, Executive Director / CEO ($64,903) against every comparable organization that fit the selection criteria — 46 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 80th percentile of comparable organizationswithin the typical range

How comparable organizations were selected

46 organizations qualified on sector, size, and geography 46 within the band form the benchmarked peer set.

Distribution of comparable compensation

$1,029 total compensation of comparable organizations → $258,630 $64,903
$7,20110th
$25,63425th
$41,500Median
$55,44075th
$84,11490th
$64,903This org · 80th
p10$7,201
p25$25,634
p50$41,500
p75$55,440
p90$84,114
$64,903

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.

OrganizationStateTotal revenueTotal compSource
Ernest Lieblich FoundationCA $0$47,753 990
The Venice Endowment IncFL $0$25,634 990
Gulf Coast Strategic Investments IncFL $0$25,634 990
Woodrun FoundationMI $0$26,189 990
National Black Trans Advocacy CoalitionTX $0$87,688 990
Valleycare Senior Housing IncCA $0$237,694 990
Jewish Family & Children's FoundationMA $0$38,062 990
March FoundationTN $0$50,082 990
Germantown United Methodist Church FoundTN $0$50,082 990
United Way Foundation Of Central WaWA $0$86,177 990
The Community Builders Charitable TrustMA $0$39,452 990
Ncf Giving IncTX $0$42,888 990
J A Turner Family FoundationNC $0$258,630 990
Isles Community Foundation IncNJ $0$16,185 990
Charitable Gift FoundationAL $0$5,595 990
Seymour Family FoundationNC $0$48,309 990
Neubauer Family Charitable TrustCA $0$75,982 990
Empower Dallas Foundation IncTX $0$29,032 990
Greater St Louis Real Estate FoundationMO $0$15,313 990
Metropolitan Foundation Of Atlanta IncGA $0$79,896 990
Ase Educational FoundationMI $0$36,711 990
Altenheim Properties IncOH $0$35,157 990
The Witte FoundationTX $0$9,692 990
The Coastal Georgia FoundationGA $0$5,678 990
Minnesota Real Estate FoundationMN $0$30,993 990

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 default80th
Total compensation (D + F), as reported (no adjustments)80th
Reportable pay only (column D), adjusted0th
All sources (D + E + F), adjusted91st

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 (Richard L Devore) 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 46 similarly situated organizations (Same NTEE major group (T), nationwide + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $64,903 is reasonable (approximately the 80th 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). 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.