Civic Intelligence

Rainard School Inc.

990 • Fiscal year 2020 • EIN 76-0169898

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 12, 2021

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

83rd percentile

0.56x

Higher debt load relative to assets than 83% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

89th percentile

1.48x

Higher debt load relative to revenue than 89% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

7th percentile

-57%

Higher net margin than 7% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

57th percentile

$74,656

Higher top officer pay than 57% of similar nonprofits.

Top officer pay equals 11.3% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

5th percentile

-18%

Faster asset growth than 5% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

75th percentile

20%

Faster revenue growth than 75% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Down

$1,728,210

Down $391,824 (-18%) from 2019

Net Assets

Down

$754,027

Down $373,925 (-33%) from 2019

Liabilities

Down

$974,183

Down $17,899 (-1.8%) from 2019

Revenue

Up

$659,005

Up $110,348 (+20%) from 2019

Expenses

Down

$1,032,803

Down $124,899 (-11%) from 2019

Net Income

Up

-$373,798

Up $235,247 (+39%) from 2019

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

2020

Assets$1,728,210
Liabilities$974,183
Net Assets$754,027

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

2020

Revenue$659,005
Expenses$1,032,803
Net Income-$373,798
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 12, 2021
Return Version
2020v4.1
Gross Receipts
$664,689
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$1,461,416$1,061,416▼ $400,000
Rtn Earn Endowment Incm Other Fnds$1,127,952$754,027▼ $373,925
Land, Buildings, and Equipment, Net$554,880$551,417▼ $3,463
Cash and Non-Interest-Bearing Accounts$72,604$100,076▲ $27,472
Accounts Receivable$29,288$13,455▼ $15,833
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$2,120,034$1,728,210▼ $391,824
Other Assets Total$1,846$1,846→ $0
Liabilities
Deferred Revenue$521,077$570,658▲ $49,581
Mortgage Notes Payable Secured by Investment Property$402,540$368,894▼ $33,646
Other Liabilities$20,654$21,330▲ $676
Accounts Payable and Accrued Expenses$47,811$13,301▼ $34,510
Total Liabilities$992,082$974,183▼ $17,899
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,127,952$754,027▼ $373,925
Total Liabilities and Net Assets / Fund Balance$2,120,034$1,728,210▼ $391,824

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$223,651$218,083$441,734
Land$295,637-$295,637
Equipment$14,040$92,953$106,993
Leasehold Improvements$18,089$4,265$22,354
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Dr Tara TomicicChairmanPT$74,656$74,656

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$123,046
Program Service Revenue
$522,399
Investment Income
$130
Other Revenue
$13,430
All Other Contributions
$10,688
Change in Net Assets
$-373,798
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$761,648
Other Expenses$271,155
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$520,648$99,171-$619,819
Current Officers, Directors, Trustees, and Key Employees$62,711$11,945-$74,656
Payroll Taxes$45,337$8,636-$53,973
Other Expenses$30,103--$30,103
Advertising$21,164$4,031-$25,195
Office Expenses$20,507$3,905-$24,412
Insurance$19,155$3,649-$22,804
Information Technology$18,599$3,543-$22,142
Interest-$17,308-$17,308
Depreciation Depletion$13,892$2,646-$16,538
Occupancy$13,691$2,608-$16,299
Other Employee Benefits$11,088$2,112-$13,200
Fees for Services Other$1,974$376-$2,350
Total Functional Expenses$872,873$159,930$0$1,032,803
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$17,812
Fundraising Direct Expenses$5,684
Gaming Gross Income$1,292
Gaming Direct Expenses$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Special Events$130,170$17,812$5,684$12,128
Total Events$130,170$17,812$5,684$12,128
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$21,330
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
2021-11-12
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
15
Volunteers
60

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, 2020 rainard school, inc. Is making the de minimis safe harbor election under reg. Sec. 1.263(a)-1(f).

Raw XML AppendixShowing 400 of 427 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/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0548657
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-373798
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0522399
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01127952
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0754027
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01461416
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01061416
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/BookValueAmt0223651
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0218083
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0441734
IRS990ScheduleD/EquipmentGrp/BookValueAmt014040
IRS990ScheduleD/EquipmentGrp/DepreciationAmt092953
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0106993
IRS990ScheduleD/LandGrp/BookValueAmt0295637
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0295637
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt018089
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt04265
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt022354
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt021330
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OTHER CURRENT LIABILITIES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0551417
IRS990ScheduleD/TotalLiabilityAmt021330
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/CharitableContributionsTotAmt0112358
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0112358
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt05684
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0SPECIAL EVENTS
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0130170
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0130170
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt017812
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt017812
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt012128
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt05684
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt05684
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, 2020 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/TotalAssetsBOYAmt02120034
IRS990/TotalAssetsEOYAmt01728210
IRS990/TotalAssetsGrp/BOYAmt02120034
IRS990/TotalAssetsGrp/EOYAmt01728210
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0123046
IRS990/TotalEmployeeCnt015
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0159930
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0872873
IRS990/TotalFunctionalExpensesGrp/TotalAmt01032803
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0992082
IRS990/TotalLiabilitiesEOYAmt0974183
IRS990/TotalLiabilitiesGrp/BOYAmt0992082
IRS990/TotalLiabilitiesGrp/EOYAmt0974183
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01127952
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0754027
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0872873
IRS990/TotalProgramServiceRevenueAmt0522399
IRS990/TotalReportableCompFromOrgAmt074656
IRS990/TotalRevenueGrp/ExclusionAmt013560
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0522399
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0659005
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt060
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02120034
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01728210
IRS990/TotReportableCompRltdOrgAmt00
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/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01

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
2020Detailed filing. Detailed filing data is available for this year.$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