Civic Intelligence

Rainier Prep

990 • Fiscal year 2020 • EIN 80-0956961

Sep 01, 2019 to Aug 31, 2020 • Filed on Dec 08, 2020

Organization ProfileWWW.RAINIERPREP.ORG
10211 12th Ave SSeattle, WA 98168

(206) 494-5979

Siviq Scores

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

Liabilities / Assets

76th percentile

0.39x

Higher debt load relative to assets than 76% of similar nonprofits.

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

Liabilities / Revenue

66th percentile

0.27x

Higher debt load relative to revenue than 66% of similar nonprofits.

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

Net Margin

71st percentile

18%

Higher net margin than 71% of similar nonprofits.

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

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2020

Asset Growth

81st percentile

34%

Faster asset growth than 81% of similar nonprofits.

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

Revenue Growth

57th percentile

4.5%

Faster revenue growth than 57% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets76th percentile

Assets

Up

$3,320,778

Up $849,425 (+34%) from 2019

Net Assets

Up

$2,022,164

Up $873,790 (+76%) from 2019

Liabilities

Down

$1,298,614

Down $24,365 (-1.8%) from 2019

Revenue And Expenses
Liabilities / Revenue66th percentileNet Margin71st percentile

Revenue

Up

$4,844,863

Up $209,526 (+4.5%) from 2019

Expenses

Up

$3,971,073

Up $52,833 (+1.3%) from 2019

Net Income

Up

$873,790

Up $156,693 (+22%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth81st percentile

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

$6.0M$4.0M$2.0M$0Assets 2013: $1Liabilities 2013: $02013Assets 2014: $479,785Liabilities 2014: $875Net Assets 2014: $478,9102014Assets 2015: $279,381Liabilities 2015: $28,852Net Assets 2015: $250,5292015Assets 2016: $1,157,349Liabilities 2016: $53,565Net Assets 2016: $1,103,7842016Assets 2017: $1,433,087Liabilities 2017: $1,114,188Net Assets 2017: $318,8992017Assets 2018: $1,620,933Liabilities 2018: $1,189,656Net Assets 2018: $431,2772018Assets 2019: $2,471,353Liabilities 2019: $1,322,979Net Assets 2019: $1,148,3742019Assets 2020: $3,320,778Liabilities 2020: $1,298,614Net Assets 2020: $2,022,1642020Assets 2021: $4,287,777Liabilities 2021: $1,724,996Net Assets 2021: $2,562,7812021Assets 2022: $4,382,352Liabilities 2022: $1,297,159Net Assets 2022: $3,085,1932022Assets 2023: $4,990,492Liabilities 2023: $2,059,650Net Assets 2023: $2,930,8422023Assets 2024: $4,508,192Liabilities 2024: $1,285,623Net Assets 2024: $3,222,5692024

Highlighted filing

2020

Assets$3,320,778
Liabilities$1,298,614
Net Assets$2,022,164
Open 2020 Filing

Operations Trend

Revenue Growth57th percentile

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2013: $0Expenses 2013: $0Net Income 2013: $02013Revenue 2014: $559,382Expenses 2014: $80,472Net Income 2014: $478,9102014Revenue 2015: $306,766Expenses 2015: $535,147Net Income 2015: -$228,3812015Revenue 2016: $2,749,767Expenses 2016: $1,896,512Net Income 2016: $853,2552016Revenue 2017: $3,193,153Expenses 2017: $3,160,622Net Income 2017: $32,5312017Revenue 2018: $3,913,934Expenses 2018: $3,801,556Net Income 2018: $112,3782018Revenue 2019: $4,635,337Expenses 2019: $3,918,240Net Income 2019: $717,0972019Revenue 2020: $4,844,863Expenses 2020: $3,971,073Net Income 2020: $873,7902020Revenue 2021: $4,878,721Expenses 2021: $4,338,104Net Income 2021: $540,6172021Revenue 2022: $6,200,210Expenses 2022: $5,552,132Net Income 2022: $648,0782022Revenue 2023: $5,710,548Expenses 2023: $5,831,034Net Income 2023: -$120,4862023Revenue 2024: $6,974,411Expenses 2024: $6,729,429Net Income 2024: $244,9822024

Highlighted filing

2020

Revenue$4,844,863
Expenses$3,971,073
Net Income$873,790
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2019 to Aug 31, 2020
Signed
Dec 8, 2020
Return Version
2019v5.0
Gross Receipts
$4,878,524
Mission and Program Overview

Mission

Rainier prep is a rigorous, college preparatory, public 5th - 8th grade charter school located in south king county, washington. Rainier prep is enrolled at full capacity (324 students.) rainier prep's mission is to prepare all students to excel at four-year colleges and to become leaders in their communities.

Rainier prep is a rigorous, college preparatory, public 5th - 8th grade charter school located in south king county, washington. Rainier prep's mission is to prepare all students to excel at four-year colleges and to become leaders in their communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,148,374$2,022,164▲ $873,790
Savings and Temporary Cash Investments$861,179$1,590,495▲ $729,316
Cash and Non-Interest-Bearing Accounts$1,268,792$1,209,449▼ $59,343
Accounts Receivable-$64,596-
Prepaid Expenses and Deferred Charges$45,817$58,603▲ $12,786
Land, Buildings, and Equipment, Net$61,301$27,086▼ $34,215
Total Assets$2,471,353$3,320,778▲ $849,425
Other Assets Total$234,264$370,549▲ $136,285
Liabilities
Other Liabilities$1,174,220$1,131,390▼ $42,830
Accounts Payable and Accrued Expenses$148,759$167,224▲ $18,465
Total Liabilities$1,322,979$1,298,614▼ $24,365
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,148,374$2,022,164▲ $873,790
Total Liabilities and Net Assets / Fund Balance$2,471,353$3,320,778▲ $849,425

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$27,086$220,240$247,326
Other Assets Org$10,000--
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
MARGARET O'SULLIVANSchool LeadeFT$122,400$23,110$145,510
Joan HsiaoCFOPT$50,000$15,802$65,802

Board Members and Trustees

NameTitle
Andy JassyBoard Chair
Ed TaylorBoard Member
Peter OrserBoard Member
Sarah SmithBoard Member
Sherry WilliamsBoard Member
Bob KimballSecretary
Sean BoyleTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$810,916
Program Service Revenue
$4,045,684
Investment Income
$954
Other Revenue
$-12,691
All Other Contributions
$305,584
Change in Net Assets
$873,790

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,844,863
Revenue Not Reported on Form 990
$12,691
Total Revenue per Audited Statements
$4,857,554
Total Revenue per Form 990
$4,844,863
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,800,033
Other Expenses$1,171,040
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,662,756$316,716-$1,979,472
Other Employee Benefits$288,279$54,910-$343,189
Current Officers, Directors, Trustees, and Key Employees$183,600$34,971-$218,571
Occupancy$165,538$31,531-$197,069
Payroll Taxes$121,480$23,139-$144,619
Pension Plan Contributions$95,913$18,269-$114,182
Office Expenses-$38,100-$38,100
Depreciation Depletion$28,741$5,474-$34,215
Fees for Services Accounting-$29,905-$29,905
Fees for Services Other$13,920$12,685-$26,605
Other Expenses$17,226$3,281-$20,507
Insurance$14,087$2,683-$16,770
Information Technology$13,699$2,609-$16,308
All Other Expenses$9,171$1,747-$10,918
Advertising-$7,471-$7,471
Travel-$2,546-$2,546
Total Functional Expenses$3,385,036$586,037$0$3,971,073

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,983,764
Expenses per Audited Statements$3,971,073
Total Expenses per Form 990$3,971,073
Expenses Not Reported on Form 990$12,691
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$12,691
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fundraiser$165,275-$8,555-
Total Events$165,275-$12,691$-12,691
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Net Pension Liability$1,075,572
Deferred Inflows of Resources$55,818
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
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, Page 6, Part VI, Line 11B

“A copy of the 990 is provided to the board prior to filing. Board members have an opportunity to review, but response from the board is not necessary for filing.”

Form 990, Page 6, Part VI, Line 12C

“An interested person, defined as any director, principal officer, or member of a committee with a governing board delegated powers, who has a direct or indirect financial interest, is required to disclose to the board the existence of a possible financial interest. To determine if a conflict of interest exists, the board votes, with a majority vote required to enter into the agreement or transaction. The board vote will determine if the transaction is in rainier prep's best interest.”

Form 990, Page 6, Part VI, Line 15A

“The board of directors determines the school leader's salary.”

Form 990, Page 6, Part VI, Line 19

“The organization's governing documents, conflict of interest policy, and financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
Rainier Prep
EIN
80-0956961
Phone
2064945979
Address
10211 12TH AVE S, SEATTLE, WA 98168

Signing Officer

Name
Joan Hsiao
Title
CFO
Phone
2064945979
Signed
2020-12-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
MARGARET O'SULLIVAN
Formed
2013
Legal Domicile
Wa
Voting Board Members
7
Independent Board Members
7
Employees
46
Volunteers
40

Preparer

Firm
Greenwood Ohlund & Co Llp
Address
4241 21ST AVE W 400, SEATTLE, WA 98199
Preparer
AMANDA O'ROURKE CPA
Phone
2067821767
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Rainier prep is a rigorous, college preparatory, public 5th - 8th grade charter school located in south king county, washington. Rainier prep is enrolled at full capacity (324 students.) rainier prep's mission is to prepare all students to excel at four-year colleges and to become leaders in their communities.”

Form 990, Part XI, Line 9

“Fundraising expenses 12,691 fundraising expenses -12,691”

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

“Fundraising expenses 12,691”

Schedule D, Page 4, Part XII, Line 2D

“Fundraising expenses 12,691”

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IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0234264
IRS990/OtherAssetsTotalGrp/EOYAmt0370549
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt054910
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0288279
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0343189
IRS990/OtherExpensesGrp/Desc0STUDENT SUPPORT
IRS990/OtherExpensesGrp/Desc1STUDENT FOOD
IRS990/OtherExpensesGrp/Desc2INSTRUCTIONAL BOOKS/SUPPL
IRS990/OtherExpensesGrp/Desc3COVD-19 RELATED EXPENSES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03281
IRS990/OtherExpensesGrp/ProgramServicesAmt0535774
IRS990/OtherExpensesGrp/ProgramServicesAmt1135447
IRS990/OtherExpensesGrp/ProgramServicesAmt299405
IRS990/OtherExpensesGrp/ProgramServicesAmt317226
IRS990/OtherExpensesGrp/TotalAmt0535774
IRS990/OtherExpensesGrp/TotalAmt1135447
IRS990/OtherExpensesGrp/TotalAmt299405
IRS990/OtherExpensesGrp/TotalAmt320507
IRS990/OtherLiabilitiesGrp/BOYAmt01174220
IRS990/OtherLiabilitiesGrp/EOYAmt01131390
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0316716
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01662756
IRS990/OtherSalariesAndWagesGrp/TotalAmt01979472
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt023139
IRS990/PayrollTaxesGrp/ProgramServicesAmt0121480
IRS990/PayrollTaxesGrp/TotalAmt0144619
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt018269
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt095913
IRS990/PensionPlanContributionsGrp/TotalAmt0114182
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt045817
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt058603
IRS990/PrincipalOfficerNm0MARGARET O'SULLIVAN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/Desc0STATE APPORTIONMENT
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt04045684
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04045684
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01515686
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0654
IRS990/PYOtherExpensesAmt01343776
IRS990/PYProgramServiceRevenueAmt03118997
IRS990/PYRevenuesLessExpensesAmt0717097
IRS990/PYSalariesCompEmpBnftPaidAmt02574464
IRS990/PYTotalExpensesAmt03918240
IRS990/PYTotalRevenueAmt04635337
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0873790
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt04045684
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01148374
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt02022164
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0861179
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01590495
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/ScheduleBRequiredInd0true
IRS990ScheduleD/ExpensesNotReportedAmt012691
IRS990ScheduleD/ExpensesSubtotalAmt03971073
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt027086
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0220240
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0247326
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0360549
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt110000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEFERRED OUTFLOWS OF RESOURCES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1LEASE DAMAGE DEPOSIT
IRS990ScheduleD/OtherExpensesIncludedAmt012691
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01075572
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt155818
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NET PENSION LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFERRED INFLOWS OF RESOURCES
IRS990ScheduleD/OtherRevenueAmt012691
IRS990ScheduleD/RevenueNotReportedAmt012691
IRS990ScheduleD/RevenueSubtotalAmt04844863
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FUNDRAISING EXPENSES 12,691
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FUNDRAISING EXPENSES 12,691
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/TotalBookValueLandBuildingsAmt027086
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0370549
IRS990ScheduleD/TotalExpensesPerForm990Amt03971073
IRS990ScheduleD/TotalLiabilityAmt01131390
IRS990ScheduleD/TotalRevenuePerForm990Amt04844863
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04857554
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03983764
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0WE INCLUDE A NON-DISCRIMINATORY STATEMENT IN THE SCHOOL WEBSITE, EMPLOYEE HANDBOOK, AND STUDENT HANDBOOK.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1RAINIER PREP IS A PUBLIC SCHOOL. WE RECEIVE LOCAL, STATE, AND FEDERAL FUNDS FROM GOVERNMENTAL INSTITUTIONS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0165275
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0165275
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt012691
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0FUNDRAISER
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt01942
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt01942
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0165275
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0165275
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-12691
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt08555
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt08555
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt02194
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt02194
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0RAINIER PREP IS A RIGOROUS, COLLEGE PREPARATORY, PUBLIC 5TH - 8TH GRADE CHARTER SCHOOL LOCATED IN SOUTH KING COUNTY, WASHINGTON. RAINIER PREP IS ENROLLED AT FULL CAPACITY (324 STUDENTS.) RAINIER PREP'S MISSION IS TO PREPARE ALL STUDENTS TO EXCEL AT FOUR-YEAR COLLEGES AND TO BECOME LEADERS IN THEIR COMMUNITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE 990 IS PROVIDED TO THE BOARD PRIOR TO FILING. BOARD MEMBERS HAVE AN OPPORTUNITY TO REVIEW, BUT RESPONSE FROM THE BOARD IS NOT NECESSARY FOR FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AN INTERESTED PERSON, DEFINED AS ANY DIRECTOR, PRINCIPAL OFFICER, OR MEMBER OF A COMMITTEE WITH A GOVERNING BOARD DELEGATED POWERS, WHO HAS A DIRECT OR INDIRECT FINANCIAL INTEREST, IS REQUIRED TO DISCLOSE TO THE BOARD THE EXISTENCE OF A POSSIBLE FINANCIAL INTEREST. TO DETERMINE IF A CONFLICT OF INTEREST EXISTS, THE BOARD VOTES, WITH A MAJORITY VOTE REQUIRED TO ENTER INTO THE AGREEMENT OR TRANSACTION. THE BOARD VOTE WILL DETERMINE IF THE TRANSACTION IS IN RAINIER PREP'S BEST INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS DETERMINES THE SCHOOL LEADER'S SALARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5FUNDRAISING EXPENSES 12,691 FUNDRAISING EXPENSES -12,691
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02471353
IRS990/TotalAssetsEOYAmt03320778
IRS990/TotalAssetsGrp/BOYAmt02471353
IRS990/TotalAssetsGrp/EOYAmt03320778
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0810916
IRS990/TotalEmployeeCnt046
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0586037
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03385036
IRS990/TotalFunctionalExpensesGrp/TotalAmt03971073
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01322979
IRS990/TotalLiabilitiesEOYAmt01298614
IRS990/TotalLiabilitiesGrp/BOYAmt01322979
IRS990/TotalLiabilitiesGrp/EOYAmt01298614
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01148374
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02022164
IRS990/TotalOtherCompensationAmt038912
IRS990/TotalProgramServiceExpensesAmt03385036
IRS990/TotalProgramServiceRevenueAmt04045684

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,320,778
Liabilities
$1,298,614
Net assets
$2,022,164
Revenue
$4,844,863
Expenses
$3,971,073
Net income
$873,790
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.51$1.29$3.22$6.97$6.73$0.24
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.99$2.06$2.93$5.71$5.83$0.12
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.38$1.30$3.09$6.20$5.55$0.65
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.29$1.72$2.56$4.88$4.34$0.54
2020Detailed filing. Detailed filing data is available for this year.$3.32$1.30$2.02$4.84$3.97$0.87
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.47$1.32$1.15$4.64$3.92$0.72
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.62$1.19$0.43$3.91$3.80$0.11
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.43$1.11$0.32$3.19$3.16$0.03
2016Detailed filing. Detailed filing data is available for this year.$1.16$0.05$1.10$2.75$1.90$0.85
2015Summary only. Only limited summary data is available for this year.$0.28$0.03$0.25$0.31$0.54$0.23
2014Summary only. Only limited summary data is available for this year.$0.48$0.00$0.48$0.56$0.08$0.48
2013Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00