Rainier Scholars
- Assets
- $11.5m
- Revenue
- $8.4m
- Investments
- $0.0
- Employees
- 105
- Location
- Seattle, WA
- Founding
- 08/2000
- Data as of
- 06/2021
- EIN
- 91-2045918
Organization Overview
Rainier Scholars is located in Seattle, WA. The organization was established in 2000. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2021, Rainier Scholars employed 105 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rainier Scholars is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Rainier Scholars generated $8.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $4.9m during the year ending 06/2021. While expenses have increased by 6.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ACADEMIC AND LEADERSHIP DEVELOPMENT PROGRAM DESIGNED TO INCREASE COLLEGE ACCESS AND GRADUATION RATES AMONG LOW-INCOME STUDENTS OF COLOR, MANY OF WHOM ARE FIRST-GENERATION COLLEGE STUDENTS, AND BUILD AND SUPPORT THE NEXT GENERATION OF DIVERSE CAREER AND COMMUNITY LEADERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACADEMIC COUNSELING (AC) WE MET THE CHALLENGES OF A GLOBAL PANDEMIC AND AN URGENT SOCIAL JUSTICE MOVEMENT BY INCREASING OUR SCHOLAR SUPPORT AND ENHANCING OUR COMMUNITY BUILDING EFFORTS. THIS INCLUDED TECH HELP, EMERGENCY FUNDS, STUDY SESSIONS, AND MENTAL HEALTH SUPPORT.
LEADERSHIP AND CAREER DEVELOPMENT (LCD) - EARLY CAREER EXPOSURE THROUGH TEEN EXPLORATION WORKSHOPS AND MEANINGFUL SUMMER OPPORTUNITIES, INCLUDING 75 INTERNSHIP PLACEMENTS. GRADE-LEVEL LEADERSHIP WORKSHOPS AND SEMINARS WERE REVAMPED TO FOCUS ON IMPORTANT CURRENT EVENTS. CAREER EXPO.
ACADEMIC ENRICHMENT/RECRUITMENT (AEP) - WE RECRUITED OUR 20TH COHORT OF SCHOLARS. WHEN SCHOOLS CLOSED DUE TO COVID-19, WE PIVOTED TO PROVIDING ONLINE ACADEMIC ENRICHMENT AND SUPPORT. SCHOLARS RECEIVED NEARLY 500 HOURS OF IN-PERSON, AND 180 HOURS OF VIRTUAL, ACADEMIC ENRICHMENT.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Monica Parker Associate E.d. | 40 | $128,046 | |
Mary Bristow Dev. Director | 40 | $122,863 | |
Sumiko Huff Academic Dir. | 40 | $116,363 | |
Sarah Smith Executive Dir. | Officer | 40 | $111,193 |
Bethany Furubayashi Corp. Eng. Dir. | 40 | $102,868 | |
Reggie Brown Board Chair | OfficerTrustee | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,208,003 |
| Investment income | $114,871 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $69,043 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,396,083 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $347,407 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $181,627 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,695,327 |
| Pension plan accruals and contributions | $100,185 |
| Other employee benefits | $220,173 |
| Payroll taxes | $259,514 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,563 |
| Fees for services: Accounting | $2,852 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $18,312 |
| Fees for services: Other | $200,038 |
| Advertising and promotion | $2,530 |
| Office expenses | $165,253 |
| Information technology | $118,289 |
| Royalties | $0 |
| Occupancy | $67,189 |
| Travel | $1,188 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $36,196 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $52,860 |
| Insurance | $20,885 |
| All other expenses | $0 |
| Total functional expenses | $4,875,128 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,510,948 |
| Savings and temporary cash investments | $501,641 |
| Pledges and grants receivable | $1,635,675 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $33,842 |
| Investments—publicly traded securities | $7,358,417 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $223,345 |
| Total assets | $11,460,541 |
| Accounts payable and accrued expenses | $263,810 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $263,810 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $11,196,731 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Rainier Scholars has recieved totaling $78,500.
| Awarding Organization | Amount |
|---|---|
Cooper-Macgrath Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $60,000 |
Yoakum Foundation Normandy Park, WA PURPOSE: EDUCATION | $15,000 |
Robert And Susan Brown Family Foundation Inc Neenah, WI PURPOSE: UNRESTRICTED USE | $3,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Washington Stem Center Seattle, WA | $144,962,083 | $51,456,581 |
Club For The Future Kent, WA | $9,001,115 | $28,277,868 |
Oregon State University Bookstore Inc Corvallis, OR | $21,771,941 | $7,845,956 |
Cook Inlet Native Head Start Anchorage, AK | $12,985,374 | $6,716,000 |
Medina Foundation Seattle, WA | $101,561,812 | $2,836,899 |
Rainier Scholars Seattle, WA | $11,460,541 | $8,396,083 |
Salmon Public School Foundation Inc Salmon, ID | $1,849,221 | $774,057 |
People Sustaining Kings Valley Philomath, OR | $523,239 | $3,683,416 |
Idaho Virtual Education Partners Incorporated Star, ID | $2,036,199 | $3,090,250 |
Abiqua School Foundation Salem, OR | $1,742,920 | $3,255,719 |
Degrees Of Change Tacoma, WA | $2,092,589 | $1,696,414 |
Housing Northwest Corvallis Incorporated Portland, OR | $13,396,336 | $2,754,384 |