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Filing year 2024

RITCHIE COUNTY EDUCATIONAL TRUST

Harrisville, West Virginia·EIN 55-6020147·NTEE B82Z · Education·501(c)(3)
Total revenue
$254k
Total assets
$5.9M
Total expenses
$61k
Reported officers
8
Mission

THE RITCHIE COUNTY EDUCATIONAL TRUST (RCET) MAKES LOW INTEREST LOANS TO RITCHIE COUNTY RESIDENTS PURSUING POST-SECONDARY EDUCATION. THE RCET IS A NON-COMMERCIAL, REVOLVING LOAN PROGRAM FOR THE EXPRESS PURPOSE OF ASSISTING WORTHY STUDENTS IN OBTAINING EDUCATION. STUDENTS WHO BORROW MONEY PAY IT BACK UPON THE COMPLETION OF THEIR STUDIES AT A LOW RATE OF INTEREST, MAKING THAT MONEY AVAILABLE TO OTHER STUDENTS IN THE FUTURE.

Executive compensation

Form 990 · Part VII & Schedule J · 1 reported individual · Filing year 2024

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

Director
Director (Operational)
Below 10th percentile
$23k
$24k

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.

Plus 7 unpaid individuals.

Browse compensation in Education

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at RITCHIE COUNTY EDUCATIONAL TRUST equaled 38% of the organization's total expenses. The median for education organizations is 7%.

This organization (2024)
38%
Sector median
7%
Middle half of sector
2% to 17%

Based on 26,320 education organizations, each measured at its most recent filing year with reported expenses and compensation.

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

Up 10%
from 2023

From $21k in 2023 to $23k in 2024.

$21k
2023
$23k
2024
In today's dollarsEst.
Up 6% in real terms$23k to $24k

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.

Pay for the position

Director (Operational) pay rose 10% from 2023 to 2024, while revenue fell 51%.

$21k in 2023 to $23k in 2024.

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

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about RITCHIE COUNTY EDUCATIONAL TRUST

What does the Director (Operational) of RITCHIE COUNTY EDUCATIONAL TRUST earn?

In 2024, the Director (Operational) of RITCHIE COUNTY EDUCATIONAL TRUST received $23,000 in total compensation. This pay is in the bottom 10% for Director (Operational) roles among Education organizations nationwide: at least 9 in 10 comparable filings report more. Based on IRS Form 990 data.

How does Director (Operational) pay at RITCHIE COUNTY EDUCATIONAL TRUST compare with similar nonprofits?

Compared with the same role at Education organizations nationwide, the 2024 pay of the Director (Operational) at RITCHIE COUNTY EDUCATIONAL TRUST falls in the bottom 10%. In 2024, the highest total compensation at RITCHIE COUNTY EDUCATIONAL TRUST equaled 38% of the organization's total expenses. The median for education organizations is 7%.

What are RITCHIE COUNTY EDUCATIONAL TRUST's revenue and expenses?

In 2024, RITCHIE COUNTY EDUCATIONAL TRUST reported $254k in total revenue and $61k in total expenses on its IRS Form 990.

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