Runnels School Inc
- Assets
- $681.3k
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Baton Rouge, LA
- Founding
- 09/1972
- Data as of
- 06/2022
- EIN
- 72-0693547
Organization Overview
Runnels School Inc, operating under the name The Runnels Schools Inc, is located in Baton Rouge, LA. The organization was established in 1972. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Runnels Schools Inc 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 06/2022, Runnels Schools Inc generated $1.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (17.4%) each year. All expenses for the organization totaled $244.7k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (35.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION - PRESCHOOL THROUGH HIGH SCHOOL
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE RUNNELS SCHOOLS, INC. EDUCATED STUDENTS IN PRESCHOOL THROUGH HIGH SCHOOL DURING THE FISCAL YEAR ENDED 6/30/2022. THE EDUCATION OF STUDENTS IS THE ORGANIZATION'S ONLY PROGRAM SERVICE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr L K Runnels President | OfficerTrustee | 1 | $0 |
Gladys H Runnel First Vice President | OfficerTrustee | 1 | $0 |
Frank Coates Secretary | OfficerTrustee | 1 | $0 |
Paul Schacht Member | Trustee | 1 | $0 |
Lynn Oehrle Member | Trustee | 1 | $0 |
Robert Parker Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,395,572 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,395,572 |
| Total Program Service Revenue | $3,266 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,398,838 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,510 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,522 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $34,196 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $24,725 |
| Royalties | $0 |
| Occupancy | $49,575 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $72,494 |
| All other expenses | $0 |
| Total functional expenses | $244,713 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $53,662 |
| Savings and temporary cash investments | $537 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $627,066 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $681,265 |
| Accounts payable and accrued expenses | $32,900 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $32,900 |
| Net assets without donor restrictions | $648,365 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $681,265 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Runnels School Inc has recieved totaling $3,850.
| Awarding Organization | Amount |
|---|---|
Shell Oil Company Foundation Houston, TX PURPOSE: MEF | $3,750 |
Albemarle Foundation Charlotte, NC PURPOSE: PROGRAM ASSISTANCE | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Neighbors In Need Of Services Inc Rio Hondo, TX | $6,239,022 | $33,672,509 |
Friends Of The Children Of Mississippi Inc Flowood, MS | $32,913,948 | $30,247,963 |
Child Inc Austin, TX | $5,389,599 | $17,643,504 |
Southwest Christian School Inc Fort Worth, TX | $45,808,415 | $19,471,207 |
Southwest Louisiana Charter Academy Foundation Inc Lake Charles, LA | $44,512,602 | $16,859,571 |
Trinity School Of Midland Texas Midland, TX | $27,961,554 | $15,122,842 |
Dallas International School Dallas, TX | $26,054,966 | $13,430,563 |
Washington County Opportunities Inc Greenville, MS | $2,892,910 | $12,059,595 |
Fort Worth Christian School Inc North Richland Hills, TX | $26,990,918 | $13,008,195 |
D Arbonne Woods Charter School Inc Farmerville, LA | $29,772,897 | $12,075,907 |
The New School Fayetteville, AR | $39,755,955 | $6,395,577 |
Success Preparatory Academy New Orleans, LA | $2,439,777 | $7,661,479 |