Civic Intelligence

Rainard School Inc.

990 • Fiscal year 2015 • EIN 76-0169898

Jan 01, 2015 to Dec 31, 2015 • Filed on Jul 27, 2016

11059 Timberline RoadHouston, TX 77043

(713) 647-7246

Siviq Scores

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

Liabilities / Assets

87th percentile

0.80x

Higher debt load relative to assets than 87% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

82nd percentile

0.81x

Higher debt load relative to revenue than 82% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

63rd percentile

7.5%

Higher net margin than 63% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2015

Asset Growth

59th percentile

3.3%

Faster asset growth than 59% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

72nd percentile

15%

Faster revenue growth than 72% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$1,576,277

Up $50,978 (+3.3%) from 2014

Net Assets

Up

$317,531

Up $117,059 (+58%) from 2014

Liabilities

Down

$1,258,746

Down $66,081 (-5.0%) from 2014

Revenue

Up

$1,552,327

Up $205,693 (+15%) from 2014

Expenses

Up

$1,435,268

Up $218,897 (+18%) from 2014

Net Income

Down

$117,059

Down $13,204 (-10%) from 2014

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MAssets 2011: $785,887Liabilities 2011: $793,347Net Assets 2011: -$7,4602011Assets 2012: $903,477Liabilities 2012: $827,821Net Assets 2012: $75,6562012Assets 2013: $897,869Liabilities 2013: $827,660Net Assets 2013: $70,2092013Assets 2014: $1,525,299Liabilities 2014: $1,324,827Net Assets 2014: $200,4722014Assets 2015: $1,576,277Liabilities 2015: $1,258,746Net Assets 2015: $317,5312015Assets 2016: $3,105,005Liabilities 2016: $1,240,362Net Assets 2016: $1,864,6432016Assets 2017: $2,859,041Liabilities 2017: $1,154,065Net Assets 2017: $1,704,9762017Assets 2018: $2,622,247Liabilities 2018: $885,250Net Assets 2018: $1,736,9972018Assets 2019: $2,120,034Liabilities 2019: $992,082Net Assets 2019: $1,127,9522019Assets 2020: $1,728,210Liabilities 2020: $974,183Net Assets 2020: $754,0272020Assets 2021: $1,823,338Liabilities 2021: $519,502Net Assets 2021: $1,303,8362021Assets 2022: $1,697,601Liabilities 2022: $471,310Net Assets 2022: $1,226,2912022Assets 2024: $1,485,142Liabilities 2024: $1,334,876Net Assets 2024: $150,2662024

Highlighted filing

2015

Assets$1,576,277
Liabilities$1,258,746
Net Assets$317,531

Operations Trend

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

$4.0M$2.0M$0-$2.0MRevenue 2011: $1,434,238Expenses 2011: $1,190,032Net Income 2011: $244,2062011Revenue 2012: $1,365,038Expenses 2012: $1,253,980Net Income 2012: $111,0582012Revenue 2013: $1,239,083Expenses 2013: $1,245,781Net Income 2013: -$6,6982013Revenue 2014: $1,346,634Expenses 2014: $1,216,371Net Income 2014: $130,2632014Revenue 2015: $1,552,327Expenses 2015: $1,435,268Net Income 2015: $117,0592015Revenue 2016: $3,324,989Expenses 2016: $1,329,999Net Income 2016: $1,994,9902016Revenue 2017: $1,208,793Expenses 2017: $1,276,990Net Income 2017: -$68,1972017Revenue 2018: $1,291,787Expenses 2018: $1,259,779Net Income 2018: $32,0082018Revenue 2019: $548,657Expenses 2019: $1,157,702Net Income 2019: -$609,0452019Revenue 2020: $659,005Expenses 2020: $1,032,803Net Income 2020: -$373,7982020Revenue 2021: $933,539Expenses 2021: $1,094,754Net Income 2021: -$161,2152021Revenue 2022: $1,116,073Expenses 2022: $1,201,943Net Income 2022: -$85,8702022Revenue 2024: $121,577Expenses 2024: $1,031,686Net Income 2024: -$910,1092024

Highlighted filing

2015

Revenue$1,552,327
Expenses$1,435,268
Net Income$117,059
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Jul 27, 2016
Return Version
2015v2.1
Gross Receipts
$1,564,112
Mission and Program Overview

Mission

To educate gifted children from pre-k through 8th grade.

To educate gifted children from pre-k through 12th grade.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,085,393$1,107,292▲ $21,899
Rtn Earn Endowment Incm Other Fnds$200,472$317,531▲ $117,059
Savings and Temporary Cash Investments$310,140$310,140→ $0
Cash and Non-Interest-Bearing Accounts$87,119$116,779▲ $29,660
Accounts Receivable$42,647$12,202▼ $30,445
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,525,299$1,576,277▲ $50,978
Other Assets Total-$29,864-
Liabilities
Mortgage Notes Payable Secured by Investment Property$776,442$736,562▼ $39,880
Deferred Revenue$520,553$486,100▼ $34,453
Other Liabilities$15,000$15,000→ $0
Accounts Payable and Accrued Expenses$2,010$11,449▲ $9,439
Escrow Account Liability$10,822$9,635▼ $1,187
Total Liabilities$1,324,827$1,258,746▼ $66,081
Net Assets / Fund Balance
Total Net Assets Fund Balance$200,472$317,531▲ $117,059
Total Liabilities and Net Assets / Fund Balance$1,525,299$1,576,277▲ $50,978

Asset Categories

AssetBook ValueDepreciationBasis
Land$636,448-$636,448
Buildings$445,074$170,377$615,451
Equipment$25,770$71,052$96,822
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Dr Tara TomicicChairman of the BoardPT$70,751$70,751

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$239,281
Program Service Revenue
$1,324,831
Investment Income
$0
Other Revenue
$-11,785
All Other Contributions
$196,689
Change in Net Assets
$117,059
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$961,423
Other Expenses$465,845
Grants and Similar Amounts Paid$8,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$725,203$143,620-$868,823
Occupancy$147,126--$147,126
Depreciation Depletion$69,231--$69,231
Payroll Taxes$55,053$13,763-$68,816
Interest$36,193--$36,193
Insurance-$25,649-$25,649
Other Employee Benefits$19,027$4,757-$23,784
Other Expenses$143,318$21,578-$21,578
Fees for Services Accounting-$14,771-$14,771
Grants to Domestic Individuals$8,000--$8,000
Advertising-$7,979-$7,979
Total Functional Expenses$1,203,151$232,117$0$1,435,268
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$11,785
Fundraising Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$42,592---
Total Events$42,592-$11,785$-11,785
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Specified Donation$15,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

Explanation: the organization's form 990 is prepared by a hired accounting firm and is subsequently reviewed by the organization's president before it is filed.

Form 990, Part VI, Section C, Line 19

Explanation: governing documents are made publicly available upon request.

Filing and Contact Details

Filer

Filer Name
Rainard School Inc
EIN
76-0169898
Phone
7136477246
Address
11059 TIMBERLINE ROAD, HOUSTON, TX 77043

Signing Officer

Name
Dr Tara Tomicic
Title
Chairman
Phone
7136477246
Signed
2016-07-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tara Tomicic
Formed
1986
Legal Domicile
TX
Voting Board Members
7
Independent Board Members
7
Employees
27
Volunteers
90

Preparer

Firm
Weinstein Spira & Company Pc
Address
THREE GREENWAY PLAZA SUITE 1700, HOUSTON, TX 77046
Preparer
Kristin Murray
Phone
7136227000
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 1:

The rainard school has changed its accounting method from cash to accrual. See form 3115 attached.

FORM 990, PART XII, LINE 2C:

Explanation: the organization's financial statements were audited by an independent accountant on a separate basis.

Financial Statement Notes

PART IV, LINE 2B:

This escrow account liability represents the rainard parent group's portion of the school's bank account. These funds are raised by the parents and held in this account until they are contributed to the rainard school.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0445074
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0170377
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0615451
IRS990ScheduleD/EquipmentGrp/BookValueAmt025770
IRS990ScheduleD/EquipmentGrp/DepreciationAmt071052
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt096822
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt0636448
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0636448
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt015000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SPECIFIED DONATION
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THIS ESCROW ACCOUNT LIABILITY REPRESENTS THE RAINARD PARENT GROUP'S PORTION OF THE SCHOOL'S BANK ACCOUNT. THESE FUNDS ARE RAISED BY THE PARENTS AND HELD IN THIS ACCOUNT UNTIL THEY ARE CONTRIBUTED TO THE RAINARD SCHOOL.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01107292
IRS990ScheduleD/TotalLiabilityAmt015000
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt042592
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt042592
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt011785
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GALA
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt042592
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt042592
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-11785
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt011785
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt011785
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt08000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIP
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt02
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0A THIRD PARTY TUITION FINANCE SERVICE REVIEWS AND ANALYZES THE INDIVIDUAL'S FINANCIAL INFORMATION AND MAKES RECOMMENDATIONS TO THE ORGANIZATION.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPLANATION: THE ORGANIZATION'S FORM 990 IS PREPARED BY A HIRED ACCOUNTING FIRM AND IS SUBSEQUENTLY REVIEWED BY THE ORGANIZATION'S PRESIDENT BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPLANATION: GOVERNING DOCUMENTS ARE MADE PUBLICLY AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE RAINARD SCHOOL HAS CHANGED ITS ACCOUNTING METHOD FROM CASH TO ACCRUAL. SEE FORM 3115 ATTACHED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EXPLANATION: THE ORGANIZATION'S FINANCIAL STATEMENTS WERE AUDITED BY AN INDEPENDENT ACCOUNTANT ON A SEPARATE BASIS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART XII, LINE 1:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0TX
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01525299
IRS990/TotalAssetsEOYAmt01576277
IRS990/TotalAssetsGrp/BOYAmt01525299
IRS990/TotalAssetsGrp/EOYAmt01576277
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0239281
IRS990/TotalEmployeeCnt027
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0232117
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01203151
IRS990/TotalFunctionalExpensesGrp/TotalAmt01435268
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01324827
IRS990/TotalLiabilitiesEOYAmt01258746
IRS990/TotalLiabilitiesGrp/BOYAmt01324827
IRS990/TotalLiabilitiesGrp/EOYAmt01258746
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0200472
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0317531
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01203151
IRS990/TotalProgramServiceRevenueAmt01324831
IRS990/TotalReportableCompFromOrgAmt070751
IRS990/TotalRevenueGrp/ExclusionAmt0-11785
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01324831
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01552327
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt090
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01525299
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01576277
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt011059 TIMBERLINE RD
IRS990/USAddress/CityNm0HOUSTON
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd077043
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0HTTP://WWW.RAINARD.ORG/WP/
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-12-15 16:53:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DR TARA TOMICIC
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum07136477246
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-07-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0RAINARD SCHOOL INC
ReturnHeader/Filer/BusinessNameControlTxt0RAIN
ReturnHeader/Filer/EIN0760169898
ReturnHeader/Filer/PhoneNum07136477246
ReturnHeader/Filer/USAddress/AddressLine1Txt011059 TIMBERLINE ROAD
ReturnHeader/Filer/USAddress/CityNm0HOUSTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd077043
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0742181616
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WEINSTEIN SPIRA & COMPANY PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0THREE GREENWAY PLAZA SUITE 1700
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HOUSTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd077046
ReturnHeader/PreparerPersonGrp/PhoneNum07136227000
ReturnHeader/PreparerPersonGrp/PreparationDt02016-07-26
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KRISTIN MURRAY
ReturnHeader/ReturnTs02016-08-05T15:06:35-05:00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.49$1.33$0.15$0.12$1.03$0.91
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.70$0.47$1.23$1.12$1.20$0.09
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.82$0.52$1.30$0.93$1.09$0.16
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.73$0.97$0.75$0.66$1.03$0.37
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.12$0.99$1.13$0.55$1.16$0.61
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.62$0.89$1.74$1.29$1.26$0.03
2017Summary only. Only limited summary data is available for this year.$2.86$1.15$1.70$1.21$1.28$0.07
2016Summary only. Only limited summary data is available for this year.$3.11$1.24$1.86$3.32$1.33$1.99
2015Detailed filing. Detailed filing data is available for this year.$1.58$1.26$0.32$1.55$1.44$0.12
2014Summary only. Only limited summary data is available for this year.$1.53$1.32$0.20$1.35$1.22$0.13
2013Summary only. Only limited summary data is available for this year.$0.90$0.83$0.07$1.24$1.25$0.01
2012Summary only. Only limited summary data is available for this year.$0.90$0.83$0.08$1.37$1.25$0.11
2011Summary only. Only limited summary data is available for this year.$0.79$0.79$0.01$1.43$1.19$0.24