Civic Intelligence

Rainier Prep

990 • Fiscal year 2021 • EIN 80-0956961

Sep 01, 2020 to Aug 31, 2021 • Filed on Mar 31, 2022

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

80th percentile

0.40x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

75th percentile

0.35x

Higher debt load relative to revenue than 75% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

47th percentile

11%

Higher net margin than 47% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2021

Asset Growth

77th percentile

29%

Faster asset growth than 77% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

33rd percentile

0.7%

Faster revenue growth than 33% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets80th percentile

Assets

Up

$4,287,777

Up $966,999 (+29%) from 2020

Net Assets

Up

$2,562,781

Up $540,617 (+27%) from 2020

Liabilities

Up

$1,724,996

Up $426,382 (+33%) from 2020

Revenue And Expenses
Liabilities / Revenue75th percentileNet Margin47th percentile

Revenue

Up

$4,878,721

Up $33,858 (+0.7%) from 2020

Expenses

Up

$4,338,104

Up $367,031 (+9.2%) from 2020

Net Income

Down

$540,617

Down $333,173 (-38%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth77th 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

2021

Assets$4,287,777
Liabilities$1,724,996
Net Assets$2,562,781
Open 2021 Filing

Operations Trend

Revenue Growth33rd 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

2021

Revenue$4,878,721
Expenses$4,338,104
Net Income$540,617
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2020 to Aug 31, 2021
Signed
Mar 31, 2022
Return Version
2020v4.2
Gross Receipts
$4,899,058
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.

See Schedule O

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$2,022,164$2,562,781▲ $540,617
Savings and Temporary Cash Investments$1,590,495$2,062,711▲ $472,216
Cash and Non-Interest-Bearing Accounts$1,209,449$997,483▼ $211,966
Prepaid Expenses and Deferred Charges$58,603$50,947▼ $7,656
Accounts Receivable$64,596$9,978▼ $54,618
Land, Buildings, and Equipment, Net$27,086$9,309▼ $17,777
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$3,320,778$4,287,777▲ $966,999
Other Assets Total$370,549$1,157,349▲ $786,800
Liabilities
Other Liabilities$1,131,390$1,453,483▲ $322,093
Accounts Payable and Accrued Expenses$167,224$271,513▲ $104,289
Total Liabilities$1,298,614$1,724,996▲ $426,382
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,022,164$2,562,781▲ $540,617
Total Liabilities and Net Assets / Fund Balance$3,320,778$4,287,777▲ $966,999

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$9,309$250,907$260,216
Other Assets Org$821,161--
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Margaret O'SullivanSchool LeaderFT$110,594$31,078$141,672

Board Members and Trustees

NameTitle
Andy JassyBoard Chair
Ed TaylorBoard Member
Elizabeth BurkeBoard Member
Guy PalumboBoard Member
Nashra RahmanBoard Member
Peter OrserBoard Member
Sarah SmithBoard Member
Sherry WilliamsBoard Member
Bob KimballSecretary
Sean BoyleTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$968,004
Program Service Revenue
$3,925,533
Investment Income
$372
Other Revenue
$-15,188
All Other Contributions
$462,996
Change in Net Assets
$540,617

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,878,721
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$15,188
Total Revenue per Audited Statements
$4,893,909
Total Revenue per Form 990
$4,878,721
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,909,061
Other Expenses$1,429,043
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,944,703$370,420-$2,315,123
Other Employee Benefits$343,080$65,348-$408,428
Occupancy$176,455$33,610-$210,065
Payroll Taxes$138,358$26,354-$164,712
Current Officers, Directors, Trustees, and Key Employees$118,322$22,538-$140,860
Other Expenses$105,905$34,319-$105,905
Fees for Services Accounting-$51,234-$51,234
All Other Expenses$41,310$7,869-$49,179
Office Expenses$34,767$6,622-$41,389
Information Technology$33,151$6,315-$39,466
Fees for Services Other$25,247$4,809-$30,056
Insurance$15,593$2,970-$18,563
Depreciation Depletion$14,933$2,844-$17,777
Advertising$12,680$2,415-$15,095
Pension Plan Contributions$-100,852$-19,210-$-120,062
Total Functional Expenses$3,719,647$618,457$0$4,338,104

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$4,353,292
Expenses per Audited Statements$4,338,104
Total Expenses per Form 990$4,338,104
Expenses Not Reported on Form 990$15,188
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$15,188
Fundraising Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fundraiser$120,371-$1,978-
Total Events$120,371-$15,188$-15,188
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Inflows of Resources$1,264,003
Net Pension Liability$189,480
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, Part VI, Section B, 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, Part VI, Section B, 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, Part VI, Section B, line 15A

“The Board of Directors determines the school leader's salary.”

Form 990, Part VI, Section C, 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
Kamille Phillips-Dye
Title
Director of Finance
Phone
2064945979
Signed
2022-03-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Karen Lobos
Formed
2013
Legal Domicile
Wa
Voting Board Members
10
Independent Board Members
10
Employees
42
Volunteers
46

Preparer

Firm
Greenwood Ohlund PS
Address
4241 21st Ave W Suite 400, Seattle, WA 98199
Preparer
Matt S Smith
Phone
2067821767
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1, Description of Organization Mission:

“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.”

Form 990, Part III, Line 1, Description of Organization 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 (333 students). Rainier Prep's mission is to prepare all students to excel at four-year colleges and to become leaders in their communities.”

Financial Statement Notes

Part X, Line 2:

“Rainier Prep is a not-for-profit corporation as described in Section 501(c)(3) of the Internal Revenue Code and has received a determination letter stating that it is exempt from federal income taxes on related income pursuant to Section 501 (a) of the Internal Revenue Code.”

Part XI, Line 2D - Other Adjustments:

“Fundraising Expenses reported in Statement of Revenue 15,188.”

Part XII, Line 2D - Other Adjustments:

“Fundraising Expenses reported in Statement of Revenue 15,188.”

Raw XML AppendixShowing 400 of 487 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0167224
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0271513
IRS990/AccountsReceivableGrp/BOYAmt064596
IRS990/AccountsReceivableGrp/EOYAmt09978
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0See Schedule O
IRS990/AdvertisingGrp/ManagementAndGeneralAmt02415
IRS990/AdvertisingGrp/ProgramServicesAmt012680
IRS990/AdvertisingGrp/TotalAmt015095
IRS990/AllOtherContributionsAmt0462996
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt07869
IRS990/AllOtherExpensesGrp/ProgramServicesAmt041310
IRS990/AllOtherExpensesGrp/TotalAmt049179
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/PersonNm0Kamille Phillips- Dye
IRS990/BooksInCareOfDetail/PhoneNum02064945979
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt010211 12th Ave S
IRS990/BooksInCareOfDetail/USAddress/CityNm0Seattle
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0WA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd098168
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt01209449
IRS990/CashNonInterestBearingGrp/EOYAmt0997483
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt022538
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0118322
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0140860
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContriRptFundraisingEventAmt0120371
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0968004
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0372
IRS990/CYOtherExpensesAmt01429043
IRS990/CYOtherRevenueAmt0-15188
IRS990/CYProgramServiceRevenueAmt03925533
IRS990/CYRevenuesLessExpensesAmt0540617
IRS990/CYSalariesCompEmpBnftPaidAmt02909061
IRS990/CYTotalExpensesAmt04338104
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt04878721
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt02844
IRS990/DepreciationDepletionGrp/ProgramServicesAmt014933
IRS990/DepreciationDepletionGrp/TotalAmt017777
IRS990/Desc0Rainier Prep provides public education to students in grades 5-8 in the Highline area near Seattle/Tacoma. Rainier Prep seeks to prepare students for college, career readiness, and to become leaders in their communities.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt042
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt03719647
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt051234
IRS990/FeesForServicesAccountingGrp/TotalAmt051234
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt04809
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt025247
IRS990/FeesForServicesOtherGrp/TotalAmt030056
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt05.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt15.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt25.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt35.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt45.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt55.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt65.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt75.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt85.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt95.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1070.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1031078
IRS990/Form990PartVIISectionAGrp/PersonNm0Andy Jassy
IRS990/Form990PartVIISectionAGrp/PersonNm1Sean Boyle
IRS990/Form990PartVIISectionAGrp/PersonNm2Bob Kimball
IRS990/Form990PartVIISectionAGrp/PersonNm3Sarah Smith
IRS990/Form990PartVIISectionAGrp/PersonNm4Ed Taylor
IRS990/Form990PartVIISectionAGrp/PersonNm5Peter Orser
IRS990/Form990PartVIISectionAGrp/PersonNm6Sherry Williams
IRS990/Form990PartVIISectionAGrp/PersonNm7Nashra Rahman
IRS990/Form990PartVIISectionAGrp/PersonNm8Guy Palumbo
IRS990/Form990PartVIISectionAGrp/PersonNm9Elizabeth Burke
IRS990/Form990PartVIISectionAGrp/PersonNm10Margaret O'Sullivan
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10110594
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/TitleTxt0Board Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt1Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt3Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt4Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt5Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt6Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt7Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt8Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt9Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt10School Leader
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02013
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt0120371
IRS990/FundraisingDirectExpensesAmt015188
IRS990/FundraisingGrossIncomeAmt00
IRS990/GainOrLossGrp/SecuritiesAmt00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt010
IRS990/GovernmentGrantsAmt0384637
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt05149
IRS990/GrossReceiptsAmt04899058
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt010
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt06315
IRS990/InformationTechnologyGrp/ProgramServicesAmt033151
IRS990/InformationTechnologyGrp/TotalAmt039466
IRS990/InsuranceGrp/ManagementAndGeneralAmt02970
IRS990/InsuranceGrp/ProgramServicesAmt015593
IRS990/InsuranceGrp/TotalAmt018563
IRS990/InvestmentIncomeGrp/ExclusionAmt0372
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0372
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt09
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0250907
IRS990/LandBldgEquipBasisNetGrp/BOYAmt027086
IRS990/LandBldgEquipBasisNetGrp/EOYAmt09309
IRS990/LandBldgEquipCostOrOtherBssAmt0260216
IRS990/LegalDomicileStateCd0WA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt05149
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0See Schedule O
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt02022164
IRS990/NetAssetsOrFundBalancesEOYAmt02562781
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-15188
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-15188
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoncashContributionsAmt05149
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt033610
IRS990/OccupancyGrp/ProgramServicesAmt0176455
IRS990/OccupancyGrp/TotalAmt0210065
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt06622
IRS990/OfficeExpensesGrp/ProgramServicesAmt034767
IRS990/OfficeExpensesGrp/TotalAmt041389
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0370549
IRS990/OtherAssetsTotalGrp/EOYAmt01157349
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt065348
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0343080
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0408428
IRS990/OtherExpensesGrp/Desc0Student support
IRS990/OtherExpensesGrp/Desc1COVID-19 related expens
IRS990/OtherExpensesGrp/Desc2Instructional books/sup
IRS990/OtherExpensesGrp/Desc3Student food
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt034319
IRS990/OtherExpensesGrp/ProgramServicesAmt0511557
IRS990/OtherExpensesGrp/ProgramServicesAmt1180176
IRS990/OtherExpensesGrp/ProgramServicesAmt2124262
IRS990/OtherExpensesGrp/ProgramServicesAmt3105905
IRS990/OtherExpensesGrp/TotalAmt0511557
IRS990/OtherExpensesGrp/TotalAmt1214495
IRS990/OtherExpensesGrp/TotalAmt2124262
IRS990/OtherExpensesGrp/TotalAmt3105905
IRS990/OtherLiabilitiesGrp/BOYAmt01131390
IRS990/OtherLiabilitiesGrp/EOYAmt01453483
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0370420
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01944703
IRS990/OtherSalariesAndWagesGrp/TotalAmt02315123
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt026354
IRS990/PayrollTaxesGrp/ProgramServicesAmt0138358
IRS990/PayrollTaxesGrp/TotalAmt0164712
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0-19210
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0-100852
IRS990/PensionPlanContributionsGrp/TotalAmt0-120062
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt058603
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt050947
IRS990/PrincipalOfficerNm0Karen Lobos
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/Desc0State Apportionment
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03925533
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03925533
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0810916
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0954
IRS990/PYOtherExpensesAmt01171040
IRS990/PYOtherRevenueAmt0-12691
IRS990/PYProgramServiceRevenueAmt04045684
IRS990/PYRevenuesLessExpensesAmt0873790
IRS990/PYSalariesCompEmpBnftPaidAmt02800033
IRS990/PYTotalExpensesAmt03971073
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04844863
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0540617
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt03925533
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt02022164
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt02562781
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01590495
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02062711
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/ExpensesNotReportedAmt015188
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt04338104
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt09309
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0250907
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0260216
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0326188
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt110000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2821161
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Deferred Outflows of Resources
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Lease Damage Deposit
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Net Pension Asset
IRS990ScheduleD/OtherExpensesIncludedAmt015188
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0189480
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11264003
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Net Pension Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Deferred Inflows of Resources
IRS990ScheduleD/OtherRevenueAmt015188
IRS990ScheduleD/RevenueNotReportedAmt015188
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt04878721
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Rainier Prep is a not-for-profit corporation as described in Section 501(c)(3) of the Internal Revenue Code and has received a determination letter stating that it is exempt from federal income taxes on related income pursuant to Section 501 (a) of the Internal Revenue Code.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Fundraising Expenses reported in Statement of Revenue 15,188.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Fundraising Expenses reported in Statement of Revenue 15,188.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 2d - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XII, Line 2d - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt09309
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01157349
IRS990ScheduleD/TotalExpensesPerForm990Amt04338104
IRS990ScheduleD/TotalLiabilityAmt01453483
IRS990ScheduleD/TotalRevenuePerForm990Amt04878721
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04893909
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04353292
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
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, Part I, Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Part I, Line 6
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0120371
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0120371
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt015188
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Fundraiser
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0120371
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0120371
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-15188
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt01978
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt01978
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt013210
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt013210
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Rainier 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Rainier 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 (333 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/ExplanationTxt2A 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/ExplanationTxt3An 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/ExplanationTxt4The Board of Directors determines the school leader's salary.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The Organization's governing documents, conflict of interest policy, and financial statements are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part I, Line 1, Description of Organization Mission:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part III, Line 1, Description of Organization Mission:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 11b

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$4,287,777
Liabilities
$1,724,996
Net assets
$2,562,781
Revenue
$4,878,721
Expenses
$4,338,104
Net income
$540,617
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
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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