Civic Intelligence

Rainier Scholars

990 • Fiscal year 2014 • EIN 91-2045918

Jul 01, 2013 to Jun 30, 2014 • Filed on Oct 30, 2014

2100 - 24th Ave S98144

(206) 407-2113

Siviq Scores

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

Liabilities / Assets

25th percentile

0.03x

Higher debt load relative to assets than 25% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Liabilities / Revenue

18th percentile

0.04x

Higher debt load relative to revenue than 18% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Net Margin

88th percentile

39%

Higher net margin than 88% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Top Officer Pay

55th percentile

$126,855

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 2.6% of source-year revenue.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Asset Growth

94th percentile

52%

Faster asset growth than 94% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Revenue Growth

86th percentile

37%

Faster revenue growth than 86% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2012 to 2014

Assets

Up

$5,608,849

Up $1,918,289 (+52%) from 2013

Net Assets

Up

$5,417,859

Up $1,978,531 (+58%) from 2013

Liabilities

Down

$190,990

Down $60,242 (-24%) from 2013

Revenue

$4,948,097

No earlier filing loaded for comparison.

Expenses

Up

$3,022,647

Up $515,993 (+21%) from 2013

Net Income

$1,925,450

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2011: $3,141,030Liabilities 2011: $147,419Net Assets 2011: $2,993,6112011Assets 2012: $3,361,225Liabilities 2012: $150,827Net Assets 2012: $3,210,3982012Assets 2013: $3,690,560Liabilities 2013: $251,232Net Assets 2013: $3,439,3282013Assets 2014: $5,608,849Liabilities 2014: $190,990Net Assets 2014: $5,417,8592014Assets 2015: $6,331,924Liabilities 2015: $162,482Net Assets 2015: $6,169,4422015Assets 2016: $6,489,460Liabilities 2016: $149,742Net Assets 2016: $6,339,7182016Assets 2017: $6,583,363Liabilities 2017: $197,743Net Assets 2017: $6,385,6202017Assets 2018: $6,964,783Liabilities 2018: $223,985Net Assets 2018: $6,740,7982018Assets 2019: $6,553,984Liabilities 2019: $195,546Net Assets 2019: $6,358,4382019Assets 2020: $7,490,012Liabilities 2020: $712,365Net Assets 2020: $6,777,6472020Assets 2021: $11,460,541Liabilities 2021: $263,810Net Assets 2021: $11,196,7312021Assets 2022: $10,626,027Liabilities 2022: $258,117Net Assets 2022: $10,367,9102022Assets 2023: $10,243,543Liabilities 2023: $1,099,778Net Assets 2023: $9,143,7652023

Highlighted filing

2014

Assets$5,608,849
Liabilities$190,990
Net Assets$5,417,859

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2011: $2,366,836Expenses 2011: $2,194,442Net Income 2011: $172,3942011Revenue 2012: $2,648,284Expenses 2012: $2,431,497Net Income 2012: $216,7872012Expenses 2013: $2,506,6542013Revenue 2014: $4,948,097Expenses 2014: $3,022,647Net Income 2014: $1,925,4502014Revenue 2015: $4,017,560Expenses 2015: $3,248,168Net Income 2015: $769,3922015Revenue 2016: $3,792,406Expenses 2016: $3,533,410Net Income 2016: $258,9962016Revenue 2017: $3,817,878Expenses 2017: $3,973,406Net Income 2017: -$155,5282017Revenue 2018: $4,587,764Expenses 2018: $4,349,737Net Income 2018: $238,0272018Revenue 2019: $4,091,483Expenses 2019: $4,599,989Net Income 2019: -$508,5062019Revenue 2020: $5,080,909Expenses 2020: $4,646,472Net Income 2020: $434,4372020Revenue 2021: $8,396,083Expenses 2021: $4,875,128Net Income 2021: $3,520,9552021Revenue 2022: $6,541,152Expenses 2022: $6,106,593Net Income 2022: $434,5592022Revenue 2023: $7,263,205Expenses 2023: $8,887,506Net Income 2023: -$1,624,3012023

Highlighted filing

2014

Revenue$4,948,097
Expenses$3,022,647
Net Income$1,925,450
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Oct 30, 2014
Return Version
2013v3.1
Gross Receipts
$5,260,524
Mission and Program Overview

Mission

Cultivates the academic potential and leadership skills of underrepresented students of color. By creating access to opportunities and holistic support, we increase college graduation rates and empower new generations of leaders.

Academic and leadership enrichment programs designed to prepare high-achieving low-income students of color for long term academic success and college graduation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities-$2,478,123-
Savings and Temporary Cash Investments$2,236,966$1,755,702▼ $481,264
Pledges and Grants Receivable$646,126$864,614▲ $218,488
Cash and Non-Interest-Bearing Accounts$597,974$336,723▼ $261,251
Land, Buildings, and Equipment, Net$106,004$153,844▲ $47,840
Prepaid Expenses and Deferred Charges$3,886$9,343▲ $5,457
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$3,690,560$5,608,849▲ $1,918,289
Other Assets Total$99,604$10,500▼ $89,104
Liabilities
Accounts Payable and Accrued Expenses$145,143$174,270▲ $29,127
Other Liabilities$99,604$10,500▼ $89,104
Deferred Revenue$6,485$6,220▼ $265
Total Liabilities$251,232$190,990▼ $60,242
Net Assets / Fund Balance
Unrestricted Net Assets$2,544,788$4,263,174▲ $1,718,386
Temporarily Rstr Net Assets$894,540$1,154,685▲ $260,145
Total Net Assets Fund Balance$3,439,328$5,417,859▲ $1,978,531
Total Liabilities and Net Assets / Fund Balance$3,690,560$5,608,849▲ $1,918,289

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$93,523$54,374$147,897
Other Land Buildings$60,321$78,448$138,769
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sarah SmithExecutive DirectorFT$115,000$11,855$126,855

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$5,025,481
Program Service Revenue
$8,510
Investment Income
$31,254
Other Revenue
$-117,148
All Other Contributions
$3,689,829
Change in Net Assets
$1,925,450

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded16$126,310Avg High/Low
Other Non Cash Contri Table54$36,446Donor value
Other Non Cash Contri Table6$5,275Fair Market Value (FMV)
Total Noncash Contributions76$168,031-

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,948,097
Revenue Not Reported on Form 990
$143,662
Total Revenue per Audited Statements
$5,091,759
Total Revenue per Form 990
$4,948,097
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,233,862
Other Expenses$738,984
Total Fundraising Expense$439,453
Grants and Similar Amounts Paid$49,801
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,447,292$17,597$261,015$1,725,904
Travel$199,236$1,796$391$201,423
Payroll Taxes$126,432$9,942$28,647$165,021
Other Employee Benefits$108,106$5,278$31,588$144,972
Office Expenses$109,071$15,185$18,256$142,512
Current Officers, Directors, Trustees, and Key Employees$55,131$41,361$41,337$137,829
Pension Plan Contributions$43,536$4,070$12,530$60,136
Occupancy$53,099$1,939$4,325$59,363
Conferences and Meetings$24,140$16,115$13,794$54,049
Grants to Domestic Individuals$49,801--$49,801
Depreciation Depletion-$32,630-$32,630
Fees for Services Other$15,720-$10,386$26,106
Advertising$14,880-$10,995$25,875
Information Technology$22,263$1,421$1,602$25,286
Fees for Services Accounting-$11,104-$11,104
Other Expenses$6,832$493$2,024$9,349
Insurance$6,217$1,225$1,225$8,667
Total Functional Expenses$2,420,077$163,117$439,453$3,022,647

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,113,228
Expenses per Audited Statements$3,022,647
Total Expenses per Form 990$3,022,647
Expenses Not Reported on Form 990$90,581
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$186,117
Fundraising Gross Income$63,201
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$1,238,902$56,076$58,947$-2,871
Event 2$155,983$7,125$4,506$2,619
Total Events$1,394,885$63,201$186,117$-122,916
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Fiscal Agent Liability$10,500
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
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, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

Three board members have a family relationship.

Form 990, Part VI, Line 11B: Form 990 Review Process

The draft Form 990 is first e-mailed to the Finance Committee for review, then the full Board approves the final document prior to the due date.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Mid-year and year-end review with Board Chair and Executive Committee; ED reports out on goals achieved; external comparisons made by Chair and Executive Committee; and subsequent compensation decision announced to Executive Director by Board Chair.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

Key employees' salaries are determined by Executive Director, within the parameters of the annual budget. Bi-annual salary information is utilized from payscale.com.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Upon request

Filing and Contact Details

Filer

EIN
91-2045918
Phone
2064072113

Signing Officer

Name
Sarah Smith
Title
Executive Director
Signed
2014-10-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sarah Smith
Formed
2001
Legal Domicile
Wa
Voting Board Members
22
Independent Board Members
22
Employees
91
Volunteers
267

Preparer

Preparer
Judy C Jones CPA
Phone
2065255170
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

OTHER PROGRAM SERVICES 4: College Support (CS) With a 96% college matriculation rate over the past five years, 175 college scholars were served through ongoing comprehensive support and outreach, and 100% of freshmen received on site campus visits from Rainier Scholars staff. An essential College 101 retreat provided critical support for transition into college life. Internships and additional career networking opportunities were provided to build professional networks. In 2014, 176 scholars will be attending 75 different colleges in 23 states.Cohort I achieved a 90% college graduation rate within five years. Cohort II is on track to achieve similar numbers in this upcoming year. Rainier Scholars alumni are now employed throughout the region and the country at companies/institutions varying from Yahoo, Google and Boeing to Liberty Mutual, Teach for America and Uncommon Schools. Other alums have begun medical school and/or are conducting medical research throughout the greater Seattle area, while others are pursuing Masters in Social Work and Advanced Physical Therapy degrees. Rainier Scholars alums are living in China on a Fulbright Scholarship and building community gardening programs through the Napier Prize Foundation. As we look at the leaders and community members our scholars are evolving into as they complete their college degree, we feel humble confidence that the model, which begins at age 11, truly offers the opportunity for students who otherwise would not have the access to high-quality college preparation and leadership development experiences, to become the young adults they want to be, and in so doing, become members who so greatly enrich our community and world.

Financial Statement Notes

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

Special event costs $72599

Part XII, Line 2D: Other expenses and losses per audited F/S

Special event costs $72599

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IRS990/Form990PartVIISectionAGrp/PersonNm7Susie Algard
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IRS990/Form990PartVIISectionAGrp/PersonNm9Jeff Feinstein
IRS990/Form990PartVIISectionAGrp/PersonNm10Reggie Brown
IRS990/Form990PartVIISectionAGrp/PersonNm11Leslie Magid Higgins
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt1Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt2Board Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt3Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt4Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt5Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt6Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt7Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt8Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt9Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt10Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt11Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt12Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt13Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt14Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt15Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt16Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt17Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt18Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt19Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt20Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt21Trustee
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IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0true
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IRS990/FundraisingDirectExpensesAmt0186117
IRS990/FundraisingGrossIncomeAmt063201
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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt031588
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt05278
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0108106
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0144972
IRS990/OtherExpensesGrp/Desc0Student activities
IRS990/OtherExpensesGrp/Desc1Student testing
IRS990/OtherExpensesGrp/Desc2Printing and Publications
IRS990/OtherExpensesGrp/Desc3Postage and Shipping
IRS990/OtherExpensesGrp/FundraisingAmt01338
IRS990/OtherExpensesGrp/FundraisingAmt12024
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02961
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1493

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$10.2$1.10$9.14$7.26$8.89$1.62
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.6$0.26$10.4$6.54$6.11$0.43
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.5$0.26$11.2$8.40$4.88$3.52
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.49$0.71$6.78$5.08$4.65$0.43
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.55$0.20$6.36$4.09$4.60$0.51
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.96$0.22$6.74$4.59$4.35$0.24
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.58$0.20$6.39$3.82$3.97$0.16
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.49$0.15$6.34$3.79$3.53$0.26
2015Detailed filing. Detailed filing data is available for this year.$6.33$0.16$6.17$4.02$3.25$0.77
2014Detailed filing. Detailed filing data is available for this year.$5.61$0.19$5.42$4.95$3.02$1.93
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.69$0.25$3.44$2.51
2012Summary only. Only limited summary data is available for this year.$3.36$0.15$3.21$2.65$2.43$0.22
2011Summary only. Only limited summary data is available for this year.$3.14$0.15$2.99$2.37$2.19$0.17