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PeerBasis
Compensation Comparability Determination

Norfolk Innovation Corridor

Executive Director / CEO

EIN 844182364
VA · NTEE S30
FY ending 2024-06-30
June 9, 2026

This analysis benchmarks the total compensation of Linda Peck, Executive Director / CEO ($20,000) against every comparable organization that fit the selection criteria — 117 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 17th percentile of comparable organizationsbelow the typical range for comparable organizations

Benchmarked executive: Linda Peck — reported title “EXECUTIVE DI”, a direct title match to the Executive Director / CEO role.

How comparable organizations were selected

117 organizations qualified on sector, size, and geography 117 within the band form the benchmarked peer set.

Distribution of comparable compensation

$2,353 total compensation of comparable organizations → $218,565 $20,000
$12,32610th
$36,76725th
$67,975Median
$88,59475th
$110,36190th
$20,000This org · 17th
p10$12,326
p25$36,767
p50$67,975
p75$88,594
p90$110,361
$20,000

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 VA 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
Downtown Janesville Inc WI$221,656 Managing Direct $74,519 $80,602 2024
Lincoln County Economic Dev Foundation KS$223,067 Director $61,163 $70,456 2023
We Lead IA$220,331 Executive Director $78,125 $88,594 2024
Economic Development Partnership Of Wrig MN$223,376 Executive Director $69,060 $70,674 2024
Elevate Edgerton Inc KS$220,011 President/tr $137,815 $154,200 2024
Inner City Green Team Economic And Enviromental Development NY$217,956 Charlton $100,000 $93,587 2024
Betamore Inc MD$217,026 Executive Dir. $77,500 $77,257 2023
Bay Area Women Coalition Inc AL$217,019 Executive Di $54,000 $60,420 2024
Business & Education Network Inc KY$227,365 Executive Director $13,485 $15,005 2024
Johnson County Economic Development Corp MO$229,565 Executive Director $86,357 $97,528 2023
Columbus Compact Corporation OH$213,718 President & $80,900 $88,743 2024
Boonslick Community Development MO$213,628 Ex Officio M $87,706 $99,051 2023
Elwood Community Development Corporation IN$210,909 Executive Director $7,097 $7,751 2024
Sector67 Inc WI$233,249 President $36,000 $40,089 2023
Gateway South Innovation District MO$209,054 President $63,747 $71,993 2023
St Mary's County Community MD$234,480 Executive Director $50,000 $48,413 2024
Northwest Wisconsin Economic WI$208,540 Fiscal Manager $44,333 $47,952 2024
Old Town Commercial Association MI$208,424 Executive Director $66,308 $70,883 2024
Common Wealth Inc OH$208,039 Executive Director $34,698 $38,062 2024
Creative Portland Corporation ME$236,053 Executive Di $31,843 $33,024 2024
Santa Cruz Works CA$236,447 Executive Dir. $84,000 $75,123 2024
Stanly County Convention And Vistiors Bureau Inc NC$206,625 Director $50,977 $53,146 2025
Economic Development Professionals Association SD$236,950 Chairman $2,000 $2,353 2023
Parnassah Network Inc NJ$236,955 Ceo & Trustee $18,000 $17,137 2023
World Trade Center Association CA$237,400 President And Ceo $40,192 $35,944 2024

Comp (reported) is the figure on each organization's Form 990 (columns D + F); Comp (adjusted) normalizes it to VA 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 VA 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 default17th
Total compensation (D + F), as reported (no adjustments)16th
Reportable pay only (column D), adjusted23rd
All sources (D + E + F), adjusted22nd

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 (Linda Peck) 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 117 similarly situated organizations (Same NTEE sector (S30), nationwide + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $20,000 is reasonable (approximately the 17th 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.