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PeerBasis
Compensation Comparability Determination

Novo Holdings As

Executive Director / CEO

EIN 980571483
· NTEE T99
FY ending 2024-12-31
June 9, 2026

This analysis benchmarks the total compensation of Kasim Kutay, Executive Director / CEO ($7,125,236) against every comparable organization that fit the selection criteria — 4 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 100th percentile of comparable organizationsabove the 90th percentile — board review recommended

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

Note: fewer than five comparables were available in this dataset (below PeerBasis's internal minimum; the 26 CFR 53.4958-6 small-organization rule involves three). Broaden the data window before relying on this determination.

How comparable organizations were selected

4 organizations qualified on sector, size, and geography 4 within the band form the benchmarked peer set.

Distribution of comparable compensation

$324,040 total compensation of comparable organizations → $655,609 $7,125,236
$370,47010th
$440,11525th
$559,685Median
$644,32575th
$651,09590th
$7,125,236This org · 100th
p10$370,470
p25$440,115
p50$559,685
p75$644,325
p90$651,095
$7,125,236

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); the reported amount is on each linked 990.

OrganizationStateRevenueMatched titleComp
(reported)
Comp
(adjusted)
FY
Natl Christian Charitable Fdn Inc GA$3,300,091,756 President, Ncf North East $324,040 $324,040 2024
Vanguard Charitable Endowment Program PA$4,575,589,839 President $465,069 $478,806 2023
The Chicago Community Trust IL$2,455,691,801 President & Ceo $655,609 $655,609 2024
American Endowment Foundation OH$1,891,313,285 Chief Executive Officer $640,563 $640,563 2024

Comp (reported) is the figure on each organization's Form 990 (columns D + F); Comp (adjusted) normalizes it to the subject's state 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. 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 default100th
Total compensation (D + F), as reported (no adjustments)100th
Reportable pay only (column D), adjusted100th
All sources (D + E + F), adjusted100th

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:

Ready-to-adopt board minutes — executive compensation

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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.