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PeerBasis
Compensation Comparability Determination

Luma 8

Executive Director / CEO

EIN 822325097
IL · NTEE A20
FY ending 2024-12-31
June 9, 2026

This analysis benchmarks the total compensation of Sharene Shariatzadeh Philip, Executive Director / CEO ($121,752) against every comparable organization that fit the selection criteria — 319 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 98th percentile of comparable organizationsabove the 90th percentile — board review recommended

Benchmarked executive: Sharene Shariatzadeh Philip — reported title “PRESIDENT”, a direct title match to the Executive Director / CEO role.

How comparable organizations were selected

319 organizations qualified on sector, size, and geography 319 within the band form the benchmarked peer set.

Distribution of comparable compensation

$287 total compensation of comparable organizations → $231,216 $121,752
$11,55310th
$31,53325th
$52,839Median
$72,07675th
$86,41890th
$121,752This org · 98th
p10$11,553
p25$31,533
p50$52,839
p75$72,076
p90$86,418
$121,752

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 IL 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
The Spark CO$362,046 Ed $12,190 $11,889 2024
Roxy Bremerton WA$363,396 Executive Director $72,459 $65,987 2024
Camden Fireworks Incorporated NJ$363,657 Executive Director $62,414 $58,357 2023
Legends Do Live TX$364,008 Director $27,083 $27,557 2024
Mid India Christian Mission FL$360,298 Executive Director $91,008 $89,532 2023
Carpe Diem Arts Inc MD$364,301 Executive Director (Thru 8/3/25) $50,000 $46,322 2025
New City Arts Initiative VA$364,446 Executive Director $83,276 $79,679 2025
Summit Artspace OH$359,966 Executive Di $69,197 $76,751 2023
Space On The Farminc NY$359,689 Executive Director (Left 2024) $70,750 $65,030 2024
The Brooklyn Steppers Inc NY$359,620 Executive Director $41,500 $37,161 2025
The Summer Solstice Celebration Inc CA$358,935 Executive Dir. $60,000 $52,700 2024
Sage Studio & Gallery TX$367,809 President $65,292 $68,397 2023
Allied Arts Association WA$356,635 Scholarships $7,560 $6,885 2024
We Players CA$368,436 Artistic Director $55,000 $48,308 2024
Herencia Mariachi Academy CA$355,883 Instructor $80,458 $70,669 2024
Diaspora Arts Connection Inc CA$368,688 Executive Dir. $6,310 $5,542 2024
Root Cause Research Center Inc KY$355,460 President $23,999 $26,227 2024
Stecoah Valley Arts Crafts & NC$369,110 Executive Di $47,020 $48,145 2025
Coalition For African Americans In The Performing Arts MD$355,440 Executive Director $30,000 $29,371 2023
Beta-local Inc PR$369,234 Co-director $30,000 $30,886 2023
Nars Foundation Inc NY$355,287 Founding Director $43,002 $40,692 2023
Handmade Arcade PA$369,502 Executive Director $64,500 $65,426 2024
Danzantes Unidos De California CA$369,632 Executive Director $50,000 $42,784 2025
Inwood Art Works Inc NY$353,982 Chairman $55,000 $52,047 2023
Deaf Spotlight WA$353,939 Executive Di $84,739 $77,170 2024

Comp (reported) is the figure on each organization's Form 990 (columns D + F); Comp (adjusted) normalizes it to IL 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 IL 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 default98th
Total compensation (D + F), as reported (no adjustments)99th
Reportable pay only (column D), adjusted98th
All sources (D + E + F), adjusted98th

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 (Sharene Shariatzadeh Philip) 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 319 similarly situated organizations (Same NTEE sector (A20), nationwide + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $121,752 is reasonable (approximately the 98th 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.