Civic Intelligence

Rainard School Inc.

990 • Fiscal year 2019 • EIN 76-0169898

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 12, 2020

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

80th percentile

0.47x

Higher debt load relative to assets than 80% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

90th percentile

1.81x

Higher debt load relative to revenue than 90% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

3rd percentile

-111%

Higher net margin than 3% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

55th percentile

$73,000

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 13.3% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

7th percentile

-19%

Faster asset growth than 7% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

4th percentile

-58%

Faster revenue growth than 4% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Down

$2,120,034

Down $502,213 (-19%) from 2018

Net Assets

Down

$1,127,952

Down $609,045 (-35%) from 2018

Liabilities

Up

$992,082

Up $106,832 (+12%) from 2018

Revenue

Down

$548,657

Down $743,130 (-58%) from 2018

Expenses

Down

$1,157,702

Down $102,077 (-8.1%) from 2018

Net Income

Down

-$609,045

Down $641,053 (-2003%) from 2018

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

2019

Assets$2,120,034
Liabilities$992,082
Net Assets$1,127,952

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

2019

Revenue$548,657
Expenses$1,157,702
Net Income-$609,045
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 12, 2020
Return Version
2019v5.1
Gross Receipts
$552,441
Mission and Program Overview

Mission

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

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,940,853$1,461,416▼ $479,437
Rtn Earn Endowment Incm Other Fnds$1,736,997$1,127,952▼ $609,045
Land, Buildings, and Equipment, Net$571,067$554,880▼ $16,187
Cash and Non-Interest-Bearing Accounts$68,715$72,604▲ $3,889
Accounts Receivable$39,766$29,288▼ $10,478
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$2,622,247$2,120,034▼ $502,213
Other Assets Total$1,846$1,846→ $0
Liabilities
Deferred Revenue$337,411$521,077▲ $183,666
Mortgage Notes Payable Secured by Investment Property$434,947$402,540▼ $32,407
Accounts Payable and Accrued Expenses$91,412$47,811▼ $43,601
Other Liabilities$21,480$20,654▼ $826
Total Liabilities$885,250$992,082▲ $106,832
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,736,997$1,127,952▼ $609,045
Total Liabilities and Net Assets / Fund Balance$2,622,247$2,120,034▼ $502,213

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$223,754$204,905$428,659
Land$295,637-$295,637
Equipment$16,197$90,796$106,993
Leasehold Improvements$19,292$3,062$22,354
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Dr Tara TomicicChairmanPT$73,000$73,000

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$16,765
Program Service Revenue
$414,753
Investment Income
$20,916
Other Revenue
$96,223
Change in Net Assets
$-609,045
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$713,841
Other Expenses$443,861
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$467,147$88,980-$556,127
Current Officers, Directors, Trustees, and Key Employees$61,320$11,680-$73,000
Advertising$46,486$8,855-$55,341
Payroll Taxes$41,596$7,923-$49,519
Other Expenses$48,658--$48,658
Office Expenses$30,394$5,788-$36,182
Other Employee Benefits$29,564$5,631-$35,195
Insurance$24,714$4,707-$29,421
Interest-$22,120-$22,120
Fees for Services Other$15,691$2,989-$18,680
Occupancy$14,448$2,752-$17,200
Information Technology$13,738$2,617-$16,355
Depreciation Depletion$13,596$2,590-$16,186
Travel$858$164-$1,022
Total Functional Expenses$990,906$166,796$0$1,157,702
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$10,807
Fundraising Direct Expenses$3,784
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Special Events$27,572$10,807$3,784$7,023
Total Events$27,572$10,807$3,784$7,023
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Current Liabilities$20,654
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
Yes
Other officer compensation reviewed
Yes
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 11B

The organization's form 990 is prepared by a hired accounting firm and is subsequently reviewed by the organization's board members before it is filed.

Form 990, Part VI, Section B, Line 15

The process of determining compensation for the head of school involves the use of compiled information regarding comparable compensation for nonprofit schools.

Form 990, Part VI, Section C, Line 19

The organization's 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
2020-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Tara Tomicic
Formed
1986
Legal Domicile
TX
Voting Board Members
7
Independent Board Members
6
Employees
18
Volunteers
70

Preparer

Firm
Randy Walker & Co
Address
7800 IH 10 WEST STE 505, SAN ANTONIO, TX 78230
Preparer
Randy L Walker CPA
Phone
2103669430
Supplemental Narrative

Additional Explanations

Section 1.263(A)-1(F) De Minimis Safe Harbor Election

Rainard school, inc. 11059 timberlane road houston, tx 77043 employer identification number: 76-0169898 for the year ending december 31, 2019 rainard school, inc. Is making the de minimis safe harbor election under reg. Sec. 1.263(a)-1(f).

Raw XML AppendixShowing 400 of 432 raw XML fields

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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IRS990/PYTotalExpensesAmt01259779
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01291787
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-609045
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0414753
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01736997
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01127952
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01940853
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01461416
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0223754
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0204905
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0428659
IRS990ScheduleD/EquipmentGrp/BookValueAmt016197
IRS990ScheduleD/EquipmentGrp/DepreciationAmt090796
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0106993
IRS990ScheduleD/LandGrp/BookValueAmt0295637
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0295637
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt019292
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt03062
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt022354
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt020654
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OTHER CURRENT LIABILITIES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0554880
IRS990ScheduleD/TotalLiabilityAmt020654
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/CharitableContributionsTotAmt016765
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt016765
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt03784
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0SPECIAL EVENTS
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt027572
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt027572
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt010807
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt010807
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt07023
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt03784
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt03784
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0RAINARD SCHOOL, INC. 11059 TIMBERLANE ROAD HOUSTON, TX 77043 EMPLOYER IDENTIFICATION NUMBER: 76-0169898 FOR THE YEAR ENDING DECEMBER 31, 2019 RAINARD SCHOOL, INC. IS MAKING THE DE MINIMIS SAFE HARBOR ELECTION UNDER REG. SEC. 1.263(A)-1(F).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S FORM 990 IS PREPARED BY A HIRED ACCOUNTING FIRM AND IS SUBSEQUENTLY REVIEWED BY THE ORGANIZATION'S BOARD MEMBERS BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PROCESS OF DETERMINING COMPENSATION FOR THE HEAD OF SCHOOL INVOLVES THE USE OF COMPILED INFORMATION REGARDING COMPARABLE COMPENSATION FOR NONPROFIT SCHOOLS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S GOVERNING DOCUMENTS ARE MADE PUBLICLY AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0SECTION 1.263(A)-1(F) DE MINIMIS SAFE HARBOR ELECTION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02622247
IRS990/TotalAssetsEOYAmt02120034
IRS990/TotalAssetsGrp/BOYAmt02622247
IRS990/TotalAssetsGrp/EOYAmt02120034
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt016765
IRS990/TotalEmployeeCnt018
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0166796
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0990906
IRS990/TotalFunctionalExpensesGrp/TotalAmt01157702
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0885250
IRS990/TotalLiabilitiesEOYAmt0992082
IRS990/TotalLiabilitiesGrp/BOYAmt0885250
IRS990/TotalLiabilitiesGrp/EOYAmt0992082
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01736997
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01127952
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0990906
IRS990/TotalProgramServiceRevenueAmt0414753
IRS990/TotalReportableCompFromOrgAmt073000
IRS990/TotalRevenueGrp/ExclusionAmt0117139
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0414753
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0548657
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt070
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02622247
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02120034
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt0164
IRS990/TravelGrp/ProgramServicesAmt0858
IRS990/TravelGrp/TotalAmt01022
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt011059 TIMBERLINE ROAD
IRS990/USAddress/CityNm0HOUSTON
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd077043
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.RAINARD.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01

Document Assets

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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
2019Detailed filing. Detailed filing data is available for this year.$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