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PeerBasis
Compensation Comparability Determination

The Io Foundation

Executive Director / CEO

EIN 954406844
WI · NTEE A33
FY ending 2025-06-30
June 9, 2026

This analysis benchmarks the total compensation of Elana Matthews, Executive Director / CEO ($90,687) against every comparable organization that fit the selection criteria — 50 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 84th percentile of comparable organizationswithin the typical range

Benchmarked executive: Elana Matthews — reported title “SECRETARY/ED”, selected as the organization's highest-paid individual — no exact title match, so confirm this is a comparable role.

How comparable organizations were selected

50 organizations qualified on sector, size, and geography 50 within the band form the benchmarked peer set.

Distribution of comparable compensation

$1,489 total compensation of comparable organizations → $182,505 $90,687
$12,29510th
$33,55125th
$58,053Median
$82,07375th
$103,01890th
$90,687This org · 84th
p10$12,295
p25$33,551
p50$58,053
p75$82,073
p90$103,018
$90,687

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 WI 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
Spectator Publishing Company Inc NY$296,078 Editor In Chief $4,250 $3,774 2024
Ashland News OR$295,181 Executive Editor $54,600 $51,307 2023
The562 Network Inc CA$302,316 Founder Editor $68,992 $60,283 2023
Dignity Usa Inc MA$288,091 Executive Di $112,921 $99,733 2024
Arcata Press MN$305,326 Executive Director $84,000 $81,579 2024
Bellevue Literary Review Inc NY$284,941 Executive Dir. $39,600 $35,170 2024
Carlisle Communications Inc MA$308,493 President $1,731 $1,489 2025
Skeptic Society CA$309,510 President $143,323 $125,230 2023
Abba A Womens Resource Center ME$311,069 Executive Director $66,576 $67,458 2023
Capital Region Community Media Inc VT$311,307 Editor In Chief $60,584 $59,934 2024
American Heritage Education Foundation Inc TX$278,273 President $64,011 $61,311 2025
County Economic Research Institute Inc KS$317,331 President $171,880 $182,505 2024
In Black Ink MN$319,183 Executive Director $37,606 $37,600 2023
Oklahoma Media Center Inc OK$272,439 Executive Dir $94,344 $102,104 2024
Nightboat Books Inc NY$320,727 Executive Director $30,841 $28,200 2023
Mars Hill Audio Inc VA$323,706 President $129,079 $122,494 2024
The Food Alliance OR$326,179 Past Exec. Dir. $78,378 $71,539 2024
Public Multimedia Inc NJ$326,796 President $112,615 $98,824 2024
Gospel Tract Society Inc MO$263,217 President $49,879 $53,457 2023
Reconciliation An Intl Network Of Churches And PA$262,893 President $12,500 $12,252 2024
The Massachusetts Review Inc MA$262,636 Managing Editor $36,864 $33,520 2023
Providence Foundation VA$332,489 President $92,500 $87,781 2024
Bibliographical Society Of America NY$254,548 Executive Director $84,584 $75,122 2024
Cavankerry Press Ltd NJ$343,702 Executive Director $46,518 $39,769 2025
Louisville Story Program KY$345,966 Executive Di $69,960 $73,874 2024

Comp (reported) is the figure on each organization's Form 990 (columns D + F); Comp (adjusted) normalizes it to WI cost of living and 2025 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 WI 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 default84th
Total compensation (D + F), as reported (no adjustments)80th
Reportable pay only (column D), adjusted88th
All sources (D + E + F), adjusted84th

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 (Elana Matthews) 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 50 similarly situated organizations (Same NTEE sector (A33), nationwide + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $90,687 is reasonable (approximately the 84th 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.