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Filing year 2024

THE ROYAL ETHIOPIAN TRUST INC

Centerbrook, Connecticut·EIN 93-4041676·NTEE A23 · Arts, Culture & Humanities·501(c)(3)
Total revenue
$228k
Total assets
$195k
Total expenses
$97k
Reported officers
6
Mission

THE ROYAL ETHIOPIAN TRUST (RET) IS A 501(C)(3) NONPROFIT ORGANIZATION DEDICATED TO ADVANCING THE LEGACY OF HIS IMPERIAL HIGHNESS PRINCE ERMIAS SAHLE-SELASSIE AND FOSTERING THE WELL-BEING OF THE ETHIOPIAN PEOPLE. RETS MISSION IS TO SAFEGUARD, RAISE AWARENESS OF, AND FORTIFY ETHIOPIAN CULTURE AND UNITY. THIS MISSION IS CARRIED OUT THROUGH FOUR CORE PROGRAMMATIC PILLARS: 1. EMPOWERING ETHIOPIAS FUTURE SUPPORTING THE INTELLECTUAL AND MORAL GROWTH OF ETHIOPIAN YOUTH THROUGH SCHOLARSHIPS, MENTORSHIP, AND ACCESS TO EDUCATIONAL PROGRAMS. 2. FOSTERING ETHIOPIAN ENTREPRENEURSHIP ENCOURAGING ECONOMIC DEVELOPMENT THROUGH MICROFINANCE, TRAINING, AND LOCAL BUSINESS SUPPORT. 3. PRESERVING ETHIOPIAS IMPERIAL HERITAGE PROMOTING NATIONAL PRIDE AND HISTORICAL AWARENESS BY RECOVERING, PRESERVING, AND EXHIBITING SIGNIFICANT CULTURAL AND HISTORICAL ARTIFACTS. 4. SUPPORTING THE ETHIOPIAN CROWN UPHOLDING THE ETHIOPIAN MONARCHY AS A UNIFYING SYMBOL OF ETHIOPIAS IDENTITY AND CULTURAL INTEGRITY.

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 Arts, Culture & Humanities organizations nationwide.

Chairman of
Board Chair
25th percentile to median
$16k
$17k

Teal figures restate each filed amount in 2026 dollars.

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

Plus 5 unpaid individuals.

Browse compensation in Arts, Culture & Humanities

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at THE ROYAL ETHIOPIAN TRUST INC equaled 17% of the organization's total expenses. The median for arts, culture & humanities organizations is 11%.

This organization (2024)
17%
Sector median
11%
Middle half of sector
5% to 20%

Based on 17,098 arts, culture & humanities organizations, each measured at its most recent filing year with reported expenses and compensation.

Among peers

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

FAQ

Common questions about THE ROYAL ETHIOPIAN TRUST INC

What does the Board Chair of THE ROYAL ETHIOPIAN TRUST INC earn?

In 2024, the Board Chair of THE ROYAL ETHIOPIAN TRUST INC received $16,000 in total compensation. This pay is below the median (the midpoint) for Board Chair roles among Arts, Culture & Humanities organizations nationwide, but above the bottom quarter of comparable filings. Based on IRS Form 990 data.

How does Board Chair pay at THE ROYAL ETHIOPIAN TRUST INC compare with similar nonprofits?

Compared with the same role at Arts, Culture & Humanities organizations nationwide, the 2024 pay of the Board Chair at THE ROYAL ETHIOPIAN TRUST INC falls between the 25th percentile and the median. In 2024, the highest total compensation at THE ROYAL ETHIOPIAN TRUST INC equaled 17% of the organization's total expenses. The median for arts, culture & humanities organizations is 11%.

What are THE ROYAL ETHIOPIAN TRUST INC's revenue and expenses?

In 2024, THE ROYAL ETHIOPIAN TRUST INC reported $228k in total revenue and $97k in total expenses on its IRS Form 990.

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