The primary purpose of the organization is to receive and administer funds to promote and provide loan repayment assistance programs for students, to raise funds for such programs, and assist other charitable organizations in the conduct of similar activities.
Executive compensation, broken down
Form 990 · Part VII & Schedule J · 1 reported individual · Filing year 2023
Percentile bands compare each position's total pay with the same role at Education organizations in Illinois.
- Base
- $5k
- Bonus
- —
- Other
- —
- Benefits
- —
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
President, Director Below 10th percentile | $5k | — | — | — | $5k $6k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with Chicago-Naperville-Elgin, IL-IN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Plus 3 unpaid individuals.
Top pay as a share of expenses
In 2023, the highest total compensation at LOAN REPAYMENT ASSISTANCE FOUNDATION equaled 1% of the organization's total expenses. The median for education organizations is 7%.
Based on 26,320 education organizations, each measured at its most recent filing year with reported expenses and compensation.
Chief Executive Officer pay fell 50% from 2022 to 2023, while revenue fell 41%.
Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.
Among peers
Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.
Common questions about LOAN REPAYMENT ASSISTANCE FOUNDATION
What does the Chief Executive Officer of LOAN REPAYMENT ASSISTANCE FOUNDATION earn?
In 2023, the Chief Executive Officer of LOAN REPAYMENT ASSISTANCE FOUNDATION received $5,000 in total compensation. This pay is in the bottom 10% for Chief Executive Officer roles among Education organizations in Illinois: at least 9 in 10 comparable filings report more. Based on IRS Form 990 data.
How does Chief Executive Officer pay at LOAN REPAYMENT ASSISTANCE FOUNDATION compare with similar nonprofits?
Compared with the same role at Education organizations in Illinois, the 2023 pay of the Chief Executive Officer at LOAN REPAYMENT ASSISTANCE FOUNDATION falls in the bottom 10%. In 2023, the highest total compensation at LOAN REPAYMENT ASSISTANCE FOUNDATION equaled 1% of the organization's total expenses. The median for education organizations is 7%.
What are LOAN REPAYMENT ASSISTANCE FOUNDATION's revenue and expenses?
In 2023, LOAN REPAYMENT ASSISTANCE FOUNDATION reported $462k in total revenue and $468k in total expenses on its IRS Form 990.
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