Rainard School INC

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

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 76-0169898) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
Run by 60 volunteers and 18 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $339K a year · 43% of revenue · last 5 filings
A surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
85%
of spending
85% of spending went to programs.
Pt IX · Ln 25 · col B
9.4 mo
of spending, in cash
9.4 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $3K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$1.3M
90% of total assets
Liabilities are 90% of assets.
Pt X · Ln 26
Independent board members
5
of 5 voting members
5 of 5 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$122K
-89% vs prior year
Spent
$1.0M
To programs
85%
Net assets
$150K
By yearFY2020–FY2024
Revenue
$122K
FY2024▼ -89%
Tap a bar for its year
Revenue by fiscal year
FY2020$659K
FY2021$934K
FY2022$1.1M
FY2023$1.1M
FY2024$122K
Expenses
$1.0M
FY2024▼ -17%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.0M
FY2021$1.1M
FY2022$1.2M
FY2023$1.2M
FY2024$1.0M
Net assets
$150K
FY2024▼ -86%
Tap a bar for its year
Net assets by fiscal year
FY2020$754K
FY2021$1.3M
FY2022$1.2M
FY2023$1.1M
FY2024$150K

From the FY2024 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1986.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $876K Management & general 15% · $156K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Dr Tara Tomicic’s $44K as Chairman is at the 34th percentile of top reported officer pay among 1613 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2021FY2020
Dr Tara Tomicic$43,922$74,656

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Rainard School INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Educates gifted children from pre-K through 8th grade.

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1 program · $876K · in their own filed words · FY2024
01

Rainard school provides full time instruction for up to 90 gifted students ages 3 to 14 by providing differentiated instruction using a creative interdisciplinary curriculum in non-graded, mixed age classes.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 76-0169898) · Dispute this line
$876Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$3K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$122K
Ln 12
Gifts and grantsLn 1h$63K
Fees for servicesLn 2g$35K
Investment incomeLn 3$34K
Money outPt IX
$1.0M
Ln 25
Programscol B$876K
Managementcol C$156K
Owns and owesPt X
$150K
net assets · Ln 32
Cash and savingsLn 1–2$808K
Total assetsLn 16$1.5M
LiabilitiesLn 26$1.3M
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$63K
Fundraising eventsLn 1c$63K
Fees for servicesLn 2g$35K
Investment incomeLn 3$34K
Total revenueLn 12$122K
Assets in detailPt X, end of year
CashLn 1$68K
SavingsLn 2$739K
Cash and savings togetherLn 1–2$808K
Accounts receivableLn 4$55K
Prepaid expenses and deferred chargesLn 9$10K
Land, buildings, equipmentLn 10c$611K
Other assetsLn 15$2K
Total assetsLn 16$1.5M
LiabilitiesLn 26$1.3M
Net assetsLn 32$150K
OperationsPt I, VI
EmployeesI 518
VolunteersI 660
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$801K$808K
Land, buildings, equipmentLn 10c$621K$611K
Total assetsLn 16$1.5M$1.5M
LiabilitiesLn 26$446K$1.3M
Net assetsLn 32$1.1M$150K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$666K$560K$107K
Other employee benefitsLn 9$9K$8K$1K
Payroll taxesLn 10$52K$43K$8K
Advertising and promotionLn 12$6K$5K$996
Office expensesLn 13$27K$22K$4K
Information technologyLn 14$17K$14K$3K
OccupancyLn 16$22K$19K$4K
InterestLn 20$19K$19K
Depreciation, depletion and amortizationLn 22$23K$19K$4K
InsuranceLn 23$33K$28K$5K
Other expenses (24a–d)Ln 24$157K$157K
Total functional expensesLn 25$1.0M$876K$156K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Nov 17, 2025 $122K$1.0M−$910K$150K 990 PDF
FY2023Filed with the IRS Feb 1, 2025 $1.1M$1.2M−$166K$1.1M 990 PDF
FY2022Filed with the IRS Nov 14, 2023 $1.1M$1.2M−$86K$1.2M 990 PDF
FY2021Filed with the IRS Nov 14, 2022 $934K$1.1M−$161K$1.3M 990 PDF
FY2020Filed with the IRS Nov 15, 2021 $659K$1.0M−$374K$754K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2024 990
Part I · Summary $121,577 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $31,804$62,806
I-9 Program service revenuePrior year $1,009,578$34,940
I-10 Investment incomePrior year $38,079$33,551
I-11 Other revenuePrior year −$3,359−$9,720
I-12 Total revenuePrior year $1,076,102$121,577
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $783,844$727,123
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $458,167$304,563
I-18 Total expensesPrior year $1,242,011$1,031,686
I-19 Revenue less expensesPrior year −$165,909−$910,109
Part VI · Governance 5 of 5 board members independent, no flags
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $121,577 across 7 lines filed
VIII-1c Fundraising events$62,806
VIII-1h Total contributions, gifts and grants$62,806
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $34,940$34,940
VIII-3 Investment incomeExcluded from tax $33,551$33,551
VIII-8 Net income from fundraising eventsExcluded from tax −$12,915−$12,915
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $3,195$3,195
VIII-12 Total revenueRelated to mission $34,940 · Unrelated business $0 · Excluded from tax $23,831$121,577
Part IX · Statement of functional expenses $1,031,686 across 11 lines filed
IX-7 Other salaries and wagesPrograms $559,663 · Management $106,603$666,266
IX-9 Other employee benefitsPrograms $7,804 · Management $1,486$9,290
IX-10 Payroll taxesPrograms $43,316 · Management $8,251$51,567
IX-12 Advertising and promotionPrograms $5,231 · Management $996$6,227
IX-13 Office expensesPrograms $22,469 · Management $4,280$26,749
IX-14 Information technologyPrograms $14,383 · Management $2,740$17,123
IX-16 OccupancyPrograms $18,840 · Management $3,589$22,429
IX-20 InterestManagement $19,274$19,274
IX-22 Depreciation, depletion and amortizationPrograms $18,959 · Management $3,611$22,570
IX-23 InsurancePrograms $27,505 · Management $5,239$32,744
IX-24 Other expenses (24a–d)Programs $157,447$157,447
IX-25 Total functional expensesPrograms $875,617 · Management $156,069 · Fundraising $0$1,031,686
Part X · Balance sheet $1,485,142 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $65,258$68,443
X-2 Savings and temporary cash investmentsStart of year $735,553$739,104
X-4 Accounts receivableStart of year $55,404$54,969
X-9 Prepaid expenses and deferred chargesStart of year $27,970$9,521
X-10c Land, buildings and equipment, netStart of year $620,671$611,259
X-15 Other assetsStart of year $1,846$1,846
X-16 Total assetsStart of year $1,506,702$1,485,142
X-17 Accounts payable and accrued expensesStart of year $7,870$0
X-19 Deferred revenueStart of year $0$933,608
X-23 Secured mortgages and notes payableStart of year $267,807$230,328
X-25 Other liabilitiesStart of year $170,501$170,940
X-26 Total liabilitiesStart of year $446,178$1,334,876
X-29 Capital stock or trust principalStart of year $0$0
X-30 Paid-in or capital surplusStart of year $0$0
X-31 Retained earnings or endowmentStart of year $1,060,524$150,266
X-32 Total net assets or fund balancesStart of year $1,060,524$150,266
X-33 Total liabilities and net assetsStart of year $1,506,702$1,485,142
Part XI · Reconciliation of net assets $150,266 net assets at year end
XI-1 Total revenue$121,577
XI-2 Total expenses$1,031,686
XI-3 Revenue less expenses−$910,109
XI-4 Net assets at start of year$1,060,524
XI-8 Prior period adjustments−$149
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$150,266

Form 990 e-file FY2024 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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