Rainard School Inc
- Assets
- $1.8m
- Revenue
- $933.5k
- Investments
- $0.0
- Employees
- 18
- Location
- Houston, TX
- Founding
- 07/1986
- Data as of
- 12/2021
- EIN
- 76-0169898
Organization Overview
Rainard School Inc is located in Houston, TX. The organization was established in 1986. As of 12/2021, Rainard School Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rainard School 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 12/2021, Rainard School Inc generated $933.5k 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 (7.0%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.8%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO EDUCATE GIFTED CHILDREN FROM PRE-K THROUGH 8TH GRADE
Describe the Organization's Program Activity:
Part 3 - Line 4a
RAINARD SCHOOL PROVIDES FULL TIME INSTRUCTION FOR UP TO 90 GIFTED STUDENTS AGES 3 TO 14 BY PROVIDING DIFFERENTIATED INSTRUCTION USING A CREATIVE INTERDISCIPLINARY CURRICULUM IN NON-GRADED, MIXED AGE CLASSES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Tara Tomicic Chairman | OfficerTrustee | 10 | $43,922 |
Ms Natalya Bichr Treasurer | OfficerTrustee | 10 | $0 |
Mr Ron Millikan Secretary | OfficerTrustee | 2 | $0 |
Mr Leighton Moreland Director | Trustee | 2 | $0 |
Dr Elena Shoshitaishvili Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $12,100 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,100 |
| Total Program Service Revenue | $931,479 |
| 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 | -$10,040 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $933,539 |
| 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. | $43,922 |
| Compensation of current officers, directors, key employees. | $7,028 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $668,017 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,700 |
| Payroll taxes | $55,508 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $2,365 |
| Advertising and promotion | $18,449 |
| Office expenses | $40,400 |
| Information technology | $11,442 |
| Royalties | $0 |
| Occupancy | $19,880 |
| Travel | $144 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $15,339 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,455 |
| Insurance | $24,687 |
| All other expenses | $0 |
| Total functional expenses | $1,094,754 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,399 |
| Savings and temporary cash investments | $1,083,643 |
| 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 | $122,458 |
| Net Land, buildings, and equipment | $574,992 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,846 |
| Total assets | $1,823,338 |
| Accounts payable and accrued expenses | $17,924 |
| 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 | $334,519 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $167,059 |
| Total liabilities | $519,502 |
| Net assets without donor restrictions | $0 |
| 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 | $1,303,836 |
| Total liabilities and net assets/fund balances | $1,823,338 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Rainard School Inc has recieved totaling $270.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $270 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Association Of Former Students Of Texas A & M University College Station, TX | $202,537,498 | $46,927,604 |
Heritage Hall Oklahoma City, OK | $29,893,924 | $20,863,460 |
Jackson Academy Inc Jackson, MS | $38,072,523 | $26,664,882 |
Community Academies Of New Orleans Inc New Orleans, LA | $3,607,282 | $19,811,905 |
New Mexico Educational Assistance Foundation Albuquerque, NM | $392,805,656 | $19,955,288 |
Lighthouse Academies Of Arkansas Inc North Little Rock, AR | $582,799 | $18,301,867 |
Utah Valley University Foundation Inc Orem, UT | $142,004,586 | $26,803,994 |
United States Deputy Sheriffs Association Inc Wichita, KS | $2,971,599 | $19,654,227 |
Healthy School Food Collaborative New Orleans, LA | $2,253,600 | $20,882,496 |
Wichita Collegiate School Wichita, KS | $29,920,797 | $19,193,886 |
Mississippi Community Education Center Jackson, MS | $16,617,573 | $26,875,315 |
Kipp Delta Inc Helena, AR | $23,299,418 | $20,055,239 |