Ritchie County Educational Trust EIN 55-6020147

Ritchie County Educational Trust

EIN  55-6020147 Public charity (501(c)(3)) Harrisville, WV Founded 1956
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Provides low-interest loans to residents pursuing post-secondary education.
Leadership
Wendy Snider · Director · $24K
Money in and out
$584K revenue, $67K expenses
Bottom line
23% program efficiency

Provides low-interest loans to residents pursuing post-secondary education. For fiscal year 2025 it reported $584K in revenue, $67K in expenses, and $6.4M in net assets.Pt I

Where the money goes · FY2025
Total revenue
$584K
Pt VIII · Ln 12
Total expenses
$67K
Pt IX · Ln 25
Net assets
$6.4M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $517K
Where spending went · Part IX cols B–D
Program services $0.23 Management & general $0.77
Program efficiency
23%
of spending reaches programs▼ -5% vs prior filing year
Operating runway
1032.3mo
months of highly liquid reserves at operating expense rate0% vs prior filing year
Surplus margin
+89%
revenue over expenses, this year▲ +17% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$584K
FY2025▲ +130%
Expenses
$67K
FY2025▲ +10%
Total assets
$6.4M
FY2025▲ +9%
Total liabilities
$184
FY20250%
Total revenue
$584K
Pt VIII · Ln 12
Total expenses
$67K
Pt IX · Ln 25
Net assets
$6.4M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$517K
Total assetsPt X · Ln 16$6.4M
Program-expense ratioPt IX · col B23%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

1 program service account for $16K of program spending, described in the organization's own filed words · FY2025.
01

Provide students from ritchie county with low interest loans to pursue post-secondary education.

$16Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CRitchie County Educational Trust
EINHdr · item D55-6020147
Principal addressHdr · item CHarrisville, WV
WebsiteHdr · item Jwww.ritchieschools.com
Year of formationHdr · item L1956
State of legal domicileHdr · item MWV
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B82Z)
Ruling yearIRS BMFJun 1966

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Director
$24,000Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Wendy Snider’s $24K as Director is at the 17th percentile of top reported officer pay among 1616 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Wendy Snider$24,000$23,000$21,000$18,000
Wendy N Snider$18,000$15,750

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Investment income$345K · 59%
Other revenue$238K · 41%
Investment income59%$345K
Other revenue41%$238K
Contributions & grants$1K
Total revenueLn 12$584K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.23 Management & general $0.77
Program services23%$16K
Management & general77%$51K
Total functional expensesLn 25$67K

Balance Sheet

Part X · end of year
CashLn 1$380K
Total assetsLn 16$6.4M
Total liabilitiesLn 26$184
Total net assetsLn 32$6.4M
Months of cash on handcomputed68.3

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $5.7M · Operating expenses/yr $67K
1032.3 months
Where the money goes
Program services
Program services $16K · Total expenses $67K
23%
Management & General
Management & general $51K · Total expenses $67K
77%
Fundraising
Fundraising $0 · Total expenses $67K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $2K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $1K · Total revenue $584K
0%
Government reliance
Government grants — · Total revenue $584K
Earned-income share
Program service revenue $0 · Total revenue $584K
0%
Investment reliance
Investment income $345K · Total revenue $584K
+59%
Program self-sufficiency
Program service revenue $0 · Total expenses $67K
0%
Growth & trend
Revenue growth (YoY)
This year $584K · Prior year $254K
+130%
Revenue CAGR
FY2020 $328K · FY2025 $584K
+12%
Net-asset trend (YoY)
End of year $6.4M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $584K · Expenses $67K
+89%
Liabilities-to-Assets
Total liabilities — · Total assets $6.4M
Net-asset ratio
Net assets $6.4M · Total assets $6.4M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $5.4M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $6.4M
83%
People & payroll
Highest Reported Total Compensation
Individual Wendy Snider · Reported title DIRECTOR · Highest reported compensation $24K · Total expenses $67K
36%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $26K · Total expenses $67K
39%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 23%
Overhead ratio 77%
Revenue growth 130%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$23

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$584K revenue · viewing · ⤓ 990 PDF
FY2024$254K revenue · ⤓ 990 PDF
FY2023$520K revenue · ⤓ 990 PDF
FY2022$725K revenue · ⤓ 990 PDF
FY2021$715K revenue · ⤓ 990 PDF
FY2020$328K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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