Rainier Scholars
- Assets
- $10.2m
- Revenue
- $7.3m
- Investments
- $0.0
- Employees
- 134
- Location
- Seattle, WA
- Founding
- 08/2000
- Data as of
- 06/2023
- EIN
- 91-2045918
Organization Overview
Rainier Scholars is located in Seattle, WA. The organization was established in 2000. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2023, Rainier Scholars employed 134 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rainier Scholars 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 06/2023, Rainier Scholars generated $7.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $8.9m during the year ending 06/2023. While expenses have increased by 12.2% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ACADEMIC AND LEADERSHIP DEVELOPMENT PROGRAM DESIGNED TO INCREASE COLLEGE ACCESS AND GRADUATION RATES AMONG LOW-INCOME STUDENTS OF COLOR, MANY OF WHOM ARE FIRST-GENERATION COLLEGE STUDENTS, AND BUILD AND SUPPORT THE NEXT GENERATION OF DIVERSE CAREER AND COMMUNITY LEADERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACADEMIC COUNSELING (AC) - POST PANDEMIC, INCREASED NEEDS FOR SCHOLAR SUPPORT, ENHANCED OUR COMMUNITY BUILDING EFFORTS, EMERGENCY FUNDS, STUDY SESSIONS, AND MENTAL HEALTH SUPPORT.
LEADERSHIP AND CAREER DEVELOPMENT (LCD) - EARLY CAREER EXPOSURE THROUGH TEEN EXPLORATION WORKSHOPS AND SUMMER OPPORTUNITIES, INCLUDING PLACING INTERNS. PROGRAMMING INCLUDES GRADE-LEVEL LEADERSHIP WORKSHOPS, SEMINARS, AND CAREER EXPLORATION FORUMS.
ACADEMIC ENRICHMENT/RECRUITMENT (AEP) - WE PROVIDE ACADEMIC ENRICHMENT AND DIRECT ACADEMIC SUPPORT TO 23 SCHOLAR COHORTS.
RAINIER SCHOLARS - TACOMA: EXPANDED THE THREE PROGRAM SERVICES INTO A NEW LOCATION AND WELCOMING COHORT #3.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pam Harrington Chair | OfficerTrustee | 4 | $0 |
John Birrer Secretary | OfficerTrustee | 4 | $0 |
Nicolette Sharp Treasurer | OfficerTrustee | 4 | $0 |
Joe Belfiore Trustee | Trustee | 2 | $0 |
Andy Jassy Trustee | Trustee | 2 | $0 |
Diankha Linear Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,951,116 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,161,031 |
| Noncash contributions included in lines 1a–1f | $444,990 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,112,147 |
| Total Program Service Revenue | $0 |
| Investment income | $197,952 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $117,045 |
| Net Income from Fundraising Events | -$174,068 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,263,205 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $150,000 |
| Grants and other assistance to domestic individuals. | $444,621 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $324,897 |
| Compensation of current officers, directors, key employees. | $324,897 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,988,907 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $241,336 |
| Payroll taxes | $406,572 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,471 |
| Fees for services: Accounting | $67,925 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $55,600 |
| Fees for services: Investment Management | $29,446 |
| Fees for services: Other | $563,340 |
| Advertising and promotion | $70,788 |
| Office expenses | $87,505 |
| Information technology | $134,024 |
| Royalties | $0 |
| Occupancy | $221,896 |
| Travel | $619,160 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $135,945 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $90,090 |
| Insurance | $53,995 |
| All other expenses | $56,442 |
| Total functional expenses | $8,887,506 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $951,597 |
| Savings and temporary cash investments | $146,142 |
| Pledges and grants receivable | $696,019 |
| 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 | $54,560 |
| Net Land, buildings, and equipment | $118,408 |
| Investments—publicly traded securities | $7,909,237 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $367,580 |
| Total assets | $10,243,543 |
| Accounts payable and accrued expenses | $695,316 |
| 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 | $404,462 |
| Total liabilities | $1,099,778 |
| Net assets without donor restrictions | $7,910,646 |
| Net assets with donor restrictions | $1,233,119 |
| 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 | $10,243,543 |