Rainard School INC FY2020 filing

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

Form 990 Part I, line 1, FY2020. 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.
$75K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · 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
Pay to officers and key staff
$75K
to officers and key staff · 7% of spending
Pay to officers and key staff is 7% of spending.
Part VII, Section A
13.5 mo
of spending, in cash
13.5 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
$974K
56% of total assets
Liabilities are 56% of assets.
Pt X · Ln 26
Independent board members
6
of 7 voting members
6 of 7 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$659K
Spent
$1.0M
To programs
85%
Net assets
$754K
By yearFY2020–FY2024
Revenue
$659K
FY2020
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
FY2020
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
$754K
FY2020
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 FY2020 Form 990 · see the original

You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

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% · $873K Management & general 15% · $160K

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

7 people listed on the 990; $75K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
$74,656Pt VII · Sec A
$0Pt VII · Sec A
$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 · $873K · in their own filed words · FY2020
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, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 76-0169898) · Dispute this line
$873Kprogram 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 FY2020 990, line by line.

1The main four
Money inPt VIII
$659K
Ln 12
Fees for servicesLn 2g$522K
Gifts and grantsLn 1h$123K
Other incomeLn 4–11$13K
Money outPt IX
$1.0M
Ln 25
Programscol B$873K
Managementcol C$160K
Owns and owesPt X
$754K
net assets · Ln 32
Cash and savingsLn 1–2$1.2M
Total assetsLn 16$1.7M
LiabilitiesLn 26$974K
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$123K
Noncash giftsLn 1g$11K
Fundraising eventsLn 1c$112K
Fees for servicesLn 2g$522K
Investment incomeLn 3$130
Other incomeLn 4–11$13K
Total revenueLn 12$659K
Assets in detailPt X, end of year
CashLn 1$100K
SavingsLn 2$1.1M
Cash and savings togetherLn 1–2$1.2M
Accounts receivableLn 4$13K
Land, buildings, equipmentLn 10c$551K
Other assetsLn 15$2K
Total assetsLn 16$1.7M
LiabilitiesLn 26$974K
Net assetsLn 32$754K
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 FY20End FY20
Cash and savingsLn 1–2$1.5M$1.2M
Land, buildings, equipmentLn 10c$555K$551K
Total assetsLn 16$2.1M$1.7M
LiabilitiesLn 26$992K$974K
Net assetsLn 32$1.1M$754K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$75K$63K$12K
Other salaries and wagesLn 7$620K$521K$99K
Other employee benefitsLn 9$13K$11K$2K
Payroll taxesLn 10$54K$45K$9K
Other fees for servicesLn 11g$2K$2K$376
Advertising and promotionLn 12$25K$21K$4K
Office expensesLn 13$24K$21K$4K
Information technologyLn 14$22K$19K$4K
OccupancyLn 16$16K$14K$3K
InterestLn 20$17K$17K
Depreciation, depletion and amortizationLn 22$17K$14K$3K
InsuranceLn 23$23K$19K$4K
Other expenses (24a–d)Ln 24$124K$124K
Total functional expensesLn 25$1.0M$873K$160K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled 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
FY2020 ViewingFiled 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 FY2020 990
Part I · Summary $659,005 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $16,765$123,046
I-9 Program service revenuePrior year $414,753$522,399
I-10 Investment incomePrior year $20,916$130
I-11 Other revenuePrior year $96,223$13,430
I-12 Total revenuePrior year $548,657$659,005
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 $713,841$761,648
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $443,861$271,155
I-18 Total expensesPrior year $1,157,702$1,032,803
I-19 Revenue less expensesPrior year −$609,045−$373,798
Part VI · Governance 6 of 7 board members independent, no flags
VI-1a Voting members of the governing body7
VI-1b Independent voting members6
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 $659,005 across 9 lines filed
Lines not itemized here account for $1,292 of total revenue; see the IRS return.
VIII-1c Fundraising events$112,358
VIII-1f All other contributions, gifts and grants$10,688
VIII-1g Noncash contributions (included above)$10,688
VIII-1h Total contributions, gifts and grants$123,046
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $522,399$522,399
VIII-3 Investment incomeExcluded from tax $130$130
VIII-8 Net income from fundraising eventsExcluded from tax $12,128$12,128
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $10$10
VIII-12 Total revenueRelated to mission $522,399 · Unrelated business $0 · Excluded from tax $13,560$659,005
Part IX · Statement of functional expenses $1,032,803 across 13 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $62,711 · Management $11,945$74,656
IX-7 Other salaries and wagesPrograms $520,648 · Management $99,171$619,819
IX-9 Other employee benefitsPrograms $11,088 · Management $2,112$13,200
IX-10 Payroll taxesPrograms $45,337 · Management $8,636$53,973
IX-11g Other fees for servicesPrograms $1,974 · Management $376$2,350
IX-12 Advertising and promotionPrograms $21,164 · Management $4,031$25,195
IX-13 Office expensesPrograms $20,507 · Management $3,905$24,412
IX-14 Information technologyPrograms $18,599 · Management $3,543$22,142
IX-16 OccupancyPrograms $13,691 · Management $2,608$16,299
IX-20 InterestManagement $17,308$17,308
IX-22 Depreciation, depletion and amortizationPrograms $13,892 · Management $2,646$16,538
IX-23 InsurancePrograms $19,155 · Management $3,649$22,804
IX-24 Other expenses (24a–d)Programs $124,107$124,107
IX-25 Total functional expensesPrograms $872,873 · Management $159,930 · Fundraising $0$1,032,803
Part X · Balance sheet $1,728,210 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $72,604$100,076
X-2 Savings and temporary cash investmentsStart of year $1,461,416$1,061,416
X-4 Accounts receivableStart of year $29,288$13,455
X-10c Land, buildings and equipment, netStart of year $554,880$551,417
X-15 Other assetsStart of year $1,846$1,846
X-16 Total assetsStart of year $2,120,034$1,728,210
X-17 Accounts payable and accrued expensesStart of year $47,811$13,301
X-19 Deferred revenueStart of year $521,077$570,658
X-23 Secured mortgages and notes payableStart of year $402,540$368,894
X-25 Other liabilitiesStart of year $20,654$21,330
X-26 Total liabilitiesStart of year $992,082$974,183
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 $1,127,952$754,027
X-32 Total net assets or fund balancesStart of year $1,127,952$754,027
X-33 Total liabilities and net assetsStart of year $2,120,034$1,728,210
Part XI · Reconciliation of net assets $754,027 net assets at year end
XI-1 Total revenue$659,005
XI-2 Total expenses$1,032,803
XI-3 Revenue less expenses−$373,798
XI-4 Net assets at start of year$1,127,952
XI-8 Prior period adjustments−$127
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$754,027

Form 990 e-file FY2020 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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