Rainey Institute

Organization Overview

Rainey Institute is located in Cleveland, OH. The organization was established in 1957. According to its NTEE Classification (A68) the organization is classified as: Music, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 08/2023, Rainey Institute employed 81 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rainey Institute is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 08/2023, Rainey Institute generated $2.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $2.2m during the year ending 08/2023. While expenses have increased by 4.4% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

RAINEY INSTITUTE IS DEDICATED TO POSITIVE CHANGE FOR GREATER CLEVELAND'S YOUTH AND FAMILIES THROUGH EDUCATION AND PARTICIPATION IN THE PERFORMING AND VISUAL ARTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

RAINEY INSTITUTE IS DEDICATED TO POSITIVE CHANGE FOR GREATER CLEVELAND'S YOUTH AND FAMILIES THROUGH EDUCATION AND PARTICIPATION IN PERFORMING AND VISUAL ARTS. RAINEY INSTITUTE DEVELOPS SELF-ESTEEM, HUMANITARIAN VALUES, WORK ETHIC, LIFE SKILLS AND HOPE IN A NEW FUTURE FOR ALL PROGRAM PARTICIPANTS. THE INSTITUTE PROVIDES ARTS EDUCATION PROGRAMS FOR CHILDREN IN CLEVELAND. RAINEY HAS BEEN SERVING THIS COMMUNITY SINCE 1904. RAINEY'S PROGRAMS IN MUSIC, DANCE, DRAMA AND VISUAL ARTS ARE DELIVERED TO CHILDREN THROUGH AN AFTERSCHOOL PROGRAM, SATURDAY CLASSES AND SUMMER CAMP PROGRAM. RAINEY ALSO PROVIDES AFTERSCHOOL PROGRAMS IN SEVERAL OF THE CLEVELAND SCHOOLS AND CURRENTLY SERVES 1600 CHILDREN KEEPING THEM ENGAGED IN POSITIVE ACTIVITIES AND AWAY FROM GANGS, DRUGS, CRIME AND OTHER URBAN CHALLENGES.


OTHER INCOME.


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Board, Officers & Key Employees

Name (title)Compensation
Janet Banks
Trustee
$0
Robert Conrad
Trustee
$0
Erin Deimling
Trustee
$0
William E Fehrenbach Jr
Trustee
$0
Michele Crawford
Trustee
$0
Tom Charek
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $460,786
All other contributions, gifts, grants, and similar amounts not included above$1,088,175
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,548,961
Total Program Service Revenue$237,021
Investment income $22,080
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $452,020
Net Income from Fundraising Events $37,126
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,301,286

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