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PeerBasis
Compensation Comparability Determination

Stowe Jazz Festival Ltd

Executive Director / CEO

EIN 834552333
VT · NTEE N52
FY ending 2021-10-31
June 9, 2026

This analysis benchmarks the total compensation of George Petit, Executive Director / CEO ($15,360) against every comparable organization that fit the selection criteria — 22 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 50th percentile of comparable organizationswithin the typical range

Benchmarked executive: George Petit — reported title “EXECUTIVE DIRECTOR/CEO”, a direct title match to the Executive Director / CEO role.

How comparable organizations were selected

22 organizations qualified on sector, size, and geography 22 within the band form the benchmarked peer set.

Distribution of comparable compensation

$52 total compensation of comparable organizations → $205,157 $15,360
$86510th
$3,84925th
$14,299Median
$30,50975th
$113,43490th
$15,360This org · 50th
p10$865
p25$3,849
p50$14,299
p75$30,509
p90$113,434
$15,360

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 VT 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
De Deacon Football Club NC$21,557 Pastor $12,000 $10,642 2024
Braham Area Committee For Kids MN$22,205 Secretary $6,000 $5,088 2024
Wrestl MO$19,428 Director/ President $29,000 $27,142 2023
Big Apple Basketball NY$23,622 Chief Executive Officer/president $65 $52 2023
Western Pyrotechnic Association Inc CO$17,825 President $595 $504 2023
Pennsylvania Sports Hall Of Fame Inc PA$17,757 Treasurer $1,200 $1,027 2024
Rally Charlotte NC$17,623 Executive Di $224,700 $205,157 2023
Buckeye Club Inc OH$26,084 Manager $3,780 $3,436 2024
Youth Rodeo Association TX$16,660 Secretary $37,196 $31,935 2024
Champlin Park Baseball Association MN$16,286 At Large/gam $88,411 $77,195 2023
Highpointers Foundation Inc CO$26,988 Social Media & Website Director $1,000 $847 2023
2026 Special Olympics Usa Games MN$27,286 Vp Marketing & Communications $142,800 $124,683 2023
Saris Bike Parks For Kids Foundation Inc WI$28,089 Director $20,000 $18,457 2023
Noma Parks Foundation DC$14,524 Chief Financial Officer (Outgoing) $41,885 $31,547 2024
Usa Cornhole Inc SC$28,444 Executive Director $18,000 $16,593 2023
Friends Of The Armory Foundation Corporation NY$28,513 President $15,478 $12,004 2024
Hockey Limited MN$28,997 President $32,300 $27,393 2024
Interstates Rodeo Association IA$29,066 Sec/treas $6,000 $5,638 2024
Iowa Intensity Youth Sports Inc IA$29,219 Executive Director $8,815 $8,284 2024
South Louisville Babe Ruth Inc KY$29,239 President $20,000 $18,443 2024
Rhode Island Golf Association RI$31,202 Executive Director $142,725 $117,461 2024
Rise Athletics Foundation UT$31,997 Director $2,500 $2,260 2023

Comp (reported) is the figure on each organization's Form 990 (columns D + F); Comp (adjusted) normalizes it to VT cost of living and 2021 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 VT 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 default50th
Total compensation (D + F), as reported (no adjustments)45th
Reportable pay only (column D), adjusted55th
All sources (D + E + F), adjusted45th

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 (George Petit) 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 22 similarly situated organizations (Same NTEE major group (N), nationwide + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $15,360 is reasonable (approximately the 50th 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.