Civic Intelligence

Ritchie County Educational Trust

990 • Fiscal year 2018 • EIN 55-6020147

Jan 01, 2018 to Dec 31, 2018

Organization Profilewww.ritchieschools.com
Harrisville, WV
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

14th percentile

0.00x

Higher debt load relative to assets than 14% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

15th percentile

0.00x

Higher debt load relative to revenue than 15% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

98th percentile

92%

Higher net margin than 98% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2018

Asset Growth

77th percentile

14%

Faster asset growth than 77% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

97th percentile

187%

Faster revenue growth than 97% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets14th percentile

Assets

Up

$2,812,456

Up $344,514 (+14%) from 2017

Net Assets

Up

$2,812,274

Up $344,514 (+14%) from 2017

Liabilities

Flat

$182

Flat from 2017

Revenue And Expenses
Liabilities / Revenue15th percentileNet Margin98th percentile

Revenue

Up

$533,853

Up $347,864 (+187%) from 2017

Expenses

Down

$40,517

Down $413 (-1.0%) from 2017

Net Income

Up

$493,336

Up $348,277 (+240%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth77th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2011: $1,908,506Liabilities 2011: $182Net Assets 2011: $1,908,3242011Assets 2012: $1,958,901Liabilities 2012: $182Net Assets 2012: $1,958,7192012Assets 2013: $1,999,698Liabilities 2013: $182Net Assets 2013: $1,999,5162013Assets 2014: $2,085,322Liabilities 2014: $182Net Assets 2014: $2,085,1402014Assets 2015: $2,125,969Liabilities 2015: $182Net Assets 2015: $2,125,7872015Assets 2016: $2,322,882Liabilities 2016: $182Net Assets 2016: $2,322,7002016Assets 2017: $2,467,942Liabilities 2017: $182Net Assets 2017: $2,467,7602017Assets 2018: $2,812,456Liabilities 2018: $182Net Assets 2018: $2,812,2742018Assets 2019: $3,638,130Liabilities 2019: $182Net Assets 2019: $3,637,9482019Assets 2020: $3,916,237Liabilities 2020: $182Net Assets 2020: $3,916,0552020Assets 2021: $4,581,693Liabilities 2021: $182Net Assets 2021: $4,581,5112021Assets 2022: $5,252,669Liabilities 2022: $182Net Assets 2022: $5,252,4872022Assets 2023: $5,717,661Liabilities 2023: $193Net Assets 2023: $5,717,4682023Assets 2024: $5,910,431Liabilities 2024: $184Net Assets 2024: $5,910,2472024

Highlighted filing

2018

Assets$2,812,456
Liabilities$182
Net Assets$2,812,274
Open 2018 Filing

Operations Trend

Revenue Growth97th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0Revenue 2011: $64,807Expenses 2011: $26,869Net Income 2011: $37,9382011Revenue 2012: $71,832Expenses 2012: $21,437Net Income 2012: $50,3952012Revenue 2013: $64,520Expenses 2013: $23,724Net Income 2013: $40,7962013Revenue 2014: $108,029Expenses 2014: $22,406Net Income 2014: $85,6232014Revenue 2015: $61,794Expenses 2015: $21,146Net Income 2015: $40,6482015Revenue 2016: $228,528Expenses 2016: $31,615Net Income 2016: $196,9132016Revenue 2017: $185,989Expenses 2017: $40,930Net Income 2017: $145,0592017Revenue 2018: $533,853Expenses 2018: $40,517Net Income 2018: $493,3362018Revenue 2019: $864,109Expenses 2019: $38,432Net Income 2019: $825,6772019Revenue 2020: $327,670Expenses 2020: $49,562Net Income 2020: $278,1082020Revenue 2021: $714,748Expenses 2021: $49,293Net Income 2021: $665,4552021Revenue 2022: $725,451Expenses 2022: $54,475Net Income 2022: $670,9762022Revenue 2023: $519,530Expenses 2023: $54,549Net Income 2023: $464,9812023Revenue 2024: $253,629Expenses 2024: $60,850Net Income 2024: $192,7792024

Highlighted filing

2018

Revenue$533,853
Expenses$40,517
Net Income$493,336
Open 2018 Filing
Filing Detail Status

This 2018 filing currently has summary financial data only. Detailed schedules, leadership, and program rows are not available for this filing yet.

View Latest Detailed Filing (2024)
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Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Mission and Program Overview

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.

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Summary only. Only limited summary data is available for this year.

Open filing
Assets
$2,812,456
Liabilities
$182
Net assets
$2,812,274
Revenue
$533,853
Expenses
$40,517
Net income
$493,336
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.91$0.00$5.91$0.25$0.06$0.19
2023Detailed filing. Detailed filing data is available for this year.$5.72$0.00$5.72$0.52$0.05$0.46
2022Detailed filing. Detailed filing data is available for this year.$5.25$0.00$5.25$0.73$0.05$0.67
2021Detailed filing. Detailed filing data is available for this year.$4.58$0.00$4.58$0.71$0.05$0.67
2020Detailed filing. Detailed filing data is available for this year.$3.92$0.00$3.92$0.33$0.05$0.28
2019Summary only. Only limited summary data is available for this year.$3.64$0.00$3.64$0.86$0.04$0.83
2018Summary only. Only limited summary data is available for this year.$2.81$0.00$2.81$0.53$0.04$0.49
2017Summary only. Only limited summary data is available for this year.$2.47$0.00$2.47$0.19$0.04$0.15
2016Summary only. Only limited summary data is available for this year.$2.32$0.00$2.32$0.23$0.03$0.20
2015Summary only. Only limited summary data is available for this year.$2.13$0.00$2.13$0.06$0.02$0.04
2014Summary only. Only limited summary data is available for this year.$2.09$0.00$2.09$0.11$0.02$0.09
2013Summary only. Only limited summary data is available for this year.$2.00$0.00$2.00$0.06$0.02$0.04
2012Summary only. Only limited summary data is available for this year.$1.96$0.00$1.96$0.07$0.02$0.05
2011Summary only. Only limited summary data is available for this year.$1.91$0.00$1.91$0.06$0.03$0.04