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PeerBasis
Compensation Comparability Determination

Plumbers & Pipefitters Local 104 Scholarship Fund

Executive Director / CEO

EIN 880553677
MA · NTEE B82
FY ending 2023-12-31
June 9, 2026

This analysis benchmarks the total compensation of Michael Langone, Executive Director / CEO ($90,715) against every comparable organization that fit the selection criteria — 16 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 75th percentile of comparable organizationswithin the typical range

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

How comparable organizations were selected

16 organizations qualified on sector, size, and geography 16 within the band form the benchmarked peer set.

Distribution of comparable compensation

$225 total compensation of comparable organizations → $217,140 $90,715
$4,99710th
$6,07125th
$16,259Median
$62,87975th
$109,37690th
$90,715This org · 75th
p10$4,997
p25$6,071
p50$16,259
p75$62,879
p90$109,376
$90,715

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 MA 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
American Chiropractic Foundation VA$26,437 Executive Vice President $17,826 $19,154 2023
Casper College Education Trust WY$28,887 Executive Director $43,990 $50,916 2024
Mcfarlane-cure Charitable Trust WI$23,904 Trustee $200 $225 2024
Local 417 Scholarship Fund NY$22,978 Trustee $108,364 $103,114 2025
Achieving Academic Success CO$22,822 Executive Director $17,050 $17,672 2024
Hedin-hartnagel Memorial Fund MN$32,205 Executive Secretary $9,996 $10,992 2023
Briercrest College And Seminary Usa WA$20,749 Officer $99,132 $98,767 2023
Relife Initiatives Corporation GA$20,705 Ceo $5,495 $6,148 2023
The Foundation For Chabot-las Positas Community College District CA$20,521 Treasurer $123,893 $115,637 2024
Advertising Education Foundation Of TX$33,851 Secretary $5,500 $5,794 2025
Lansing Kansas Scholarship Fund Inc KS$34,342 Treasurer $5,000 $5,839 2024
Faribault Rotary Youth Services Inc MN$19,024 President $6,400 $6,659 2025
The Ernest Becker Foundation WA$18,459 Executive Director $14,900 $14,845 2023
Blue Rose Compass Inc NJ$36,444 Executive Director $225,000 $217,140 2024
Kathryn Long Scholarship Fund WI$38,095 Co-trustee $3,818 $4,199 2025
Vicki Romero Foundation AZ$39,354 President $19,350 $20,115 2024

Comp (reported) is the figure on each organization's Form 990 (columns D + F); Comp (adjusted) normalizes it to MA cost of living and 2023 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 MA 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 default75th
Total compensation (D + F), as reported (no adjustments)75th
Reportable pay only (column D), adjusted0th
All sources (D + E + F), adjusted69th

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 (Michael Langone) 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 16 similarly situated organizations (Same NTEE sector (B82), nationwide + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $90,715 is reasonable (approximately the 75th 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.