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Filing year 2024

ELLIOTT FAMILY TRUSTFBO SOMERSET COMM COLLEGE

Danville, Kentucky·EIN 30-6069516·NTEE B82 · Education·3
Total revenue
$83k
Total assets
$864k
Total expenses
$44k
Reported officers
1
Mission

TO PROVIDE SCHOLARSHIPS FOR CASEY COUNTY STUDENTS TO ATTEND SOMERSET COMMUNITY COLLEGE.

Executive compensation

Form 990 · Schedule J · 1 reported individual · Filing year 2024

Percentile bands compare each position's total pay with the same role at Education organizations in Kentucky.

Trustee
Board Member
10th to 25th percentile
$8k
$9k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Browse compensation in Education

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at ELLIOTT FAMILY TRUSTFBO SOMERSET COMM COLLEGE equaled 18% of the organization's total expenses. The median for education organizations is 6%.

This organization (2024)
18%
Sector median
6%
Middle half of sector
2% to 15%

Based on 24,392 education organizations, each measured at its most recent filing year with reported expenses and compensation.

Pay for the position

Board Member pay rose 5% from 2023 to 2024, while revenue rose 124%.

$8k in 2023 to $8k in 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Financial trend

Revenue and expenses over time

ELLIOTT FAMILY TRUSTFBO SOMERSET COMM COLLEGE reported revenue and expenses across 2 filing years.

RevenueExpenses
$37k
$42k
2023
$83k
$44k
2024
Total revenue and total expenses from IRS Form 990 filings.
Sector benchmark

What Education executives earn in Kentucky

Comparable education organizations in Kentucky pay their highest-earning executive a median of $72,222.

25th percentile
$32k
Median
$72,222
75th percentile
$150k
90th percentile
$313k

These are education sector-wide figures, not this organization's reported pay. Based on 249 organizations across 249 filings (2022 – 2024).

See full Education pay data for Kentucky
FAQ

Common questions about ELLIOTT FAMILY TRUSTFBO SOMERSET COMM COLLEGE

What does the Board Member of ELLIOTT FAMILY TRUSTFBO SOMERSET COMM COLLEGE earn?

In 2024, the Board Member of ELLIOTT FAMILY TRUSTFBO SOMERSET COMM COLLEGE received $8,080 in total compensation. This pay is in the bottom quarter for Board Member roles among Education organizations in Kentucky, above the lowest 10% of comparable filings. Based on IRS Form 990 data.

How does Board Member pay at ELLIOTT FAMILY TRUSTFBO SOMERSET COMM COLLEGE compare with similar nonprofits?

Compared with the same role at Education organizations in Kentucky, the 2024 pay of the Board Member at ELLIOTT FAMILY TRUSTFBO SOMERSET COMM COLLEGE falls between the 10th and 25th percentiles. In 2024, the highest total compensation at ELLIOTT FAMILY TRUSTFBO SOMERSET COMM COLLEGE equaled 18% of the organization's total expenses. The median for education organizations is 6%.

What are ELLIOTT FAMILY TRUSTFBO SOMERSET COMM COLLEGE's revenue and expenses?

In 2024, ELLIOTT FAMILY TRUSTFBO SOMERSET COMM COLLEGE reported $83k in total revenue and $44k in total expenses on its IRS Form 990.

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