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Nonprofiteer
← RAINIER PREP

Form 990 for tax year 2023

Filed by RAINIER PREP.

Totals

Total revenue
$6,974,411
Total expenses
$6,729,429
Contributions and grants received
$2,130,871
Grants paid
$0
Program service revenue
$4,766,291
Investment income
$91,290
Other revenue
-$14,041
Total assets, end of year
$4,508,192
Total liabilities, end of year
$1,285,623
Net assets or fund balances, end of year
$3,222,569
Program services expenses (Part IX)
$5,553,775
Management and general expenses
$996,804
Fundraising expenses
$178,850
Program service expenses (Part III)
$5,553,775

Program services were 82.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $100,668

  • 1e · Government grants (contributions)

    $1,256,756

  • 1f · All other contributions, gifts and grants

    $773,447

  • 1g · Noncash contributions included above

    $63,197

  • 2a · Program service revenue: STATE APPORTIONMENT

    total $4,766,291 · related or exempt $4,766,291

  • 3 · Investment income

    total $91,290 · excluded $91,290

  • 8a · Fundraising events: gross income

    $16,832

  • 8a · Fundraising events: contributions included on line 1c

    $100,668

  • 8b · Fundraising events: direct expenses

    $30,873

  • 8c · Net income from fundraising events

    total -$14,041 · excluded -$14,041

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $357,795 · program services $295,945 · management and general $50,795 · fundraising $11,055

  • 7 · Other salaries and wages

    total $3,099,806 · program services $2,563,963 · management and general $440,072 · fundraising $95,771

  • 8 · Pension plan contributions

    total $60,037 · program services $49,659 · management and general $8,523 · fundraising $1,855

  • 9 · Other employee benefits

    total $467,797 · program services $386,932 · management and general $66,413 · fundraising $14,452

  • 10 · Payroll taxes

    total $241,100 · program services $199,423 · management and general $34,228 · fundraising $7,449

  • 11c · Fees: accounting

    total $108,591 · management and general $108,591

  • 11g · Fees: other

    total $30,265 · management and general $3,360 · fundraising $26,905

  • 12 · Advertising and promotion

    total $33,790 · program services $15,458 · management and general $18,332

  • 13 · Office expenses

    total $131,583 · management and general $126,329 · fundraising $5,254

  • 16 · Occupancy

    total $466,191 · program services $359,921 · management and general $96,392 · fundraising $9,878

  • 17 · Travel

    total $6,918 · management and general $6,918

  • 19 · Conferences, conventions and meetings

    total $8,219 · management and general $8,219

  • 22 · Depreciation, depletion and amortization

    total $201,681 · program services $166,818 · management and general $28,632 · fundraising $6,231

  • 24a · Other expenses: STUDENT SUPPORT

    total $1,099,968 · program services $1,099,968

  • 24b · Other expenses: STUDENT FOOD

    total $229,870 · program services $229,870

  • 24c · Other expenses: BOOKS & SUPPLIES

    total $143,123 · program services $143,123

  • 24d · Other expenses: IN-KIND GOODS

    total $42,695 · program services $42,695

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $842,586 · end of year $478,759

  • 2 · Savings and temporary cash investments

    beginning of year $511,288 · end of year $62,658

  • 4 · Accounts receivable

    beginning of year $10,652 · end of year $36,615

  • 9 · Prepaid expenses and deferred charges

    beginning of year $65,989 · end of year $98,975

  • 10a · Land, buildings and equipment: cost or other basis

    $949,236

  • 10b · Land, buildings and equipment: accumulated depreciation

    $461,180

  • 10c · Land, buildings and equipment, net

    beginning of year $247,189 · end of year $488,056

  • 11 · Investments: publicly traded securities

    beginning of year $1,898,323 · end of year $2,052,431

  • 15 · Other assets

    beginning of year $1,414,465 · end of year $1,290,698

  • 17 · Accounts payable and accrued expenses

    beginning of year $670,169 · end of year $229,208

  • 25 · Other liabilities

    beginning of year $1,389,481 · end of year $1,056,415

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $2,930,842 · end of year $3,222,569

Mission and programs · 2023

Mission

RAINIER 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.

Activities or mission (Part I)

RAINIER PREP IS A RIGOROUS, COLLEGE PREPARATORY, PUBLIC 5TH - 8TH GRADE CHARTER SCHOOL.

  • RAINIER PREP PROVIDES PUBLIC EDUCATION TO STUDENTS IN GRADES 5-8 IN THEHIGHLINE AREA NEAR SEATTLE/TACOMA. RAINIER PREP SEEKS TO PREPARESTUDENTS FOR COLLEGE, CAREER READINESS, AND TO BECOME LEADERS IN THEIRCOMMUNITIES. RAINIER PREP AIMS TO SERVE AN ENROLLED STUDENT BODY OF360.

    Expenses $5,553,775 · Revenue $4,766,291

As filed on the 2023 return.

Listed in Part VII

  • Andy Jassy

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    5
  • Peter Orser

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    5
  • Guy Palumbo

    SECRETARY

    Total calculated
    $0
    Hours/week
    5
  • Robin Mendelson

    TREASURER

    Total calculated
    $0
    Hours/week
    5
  • Ed Taylor

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5
  • Bob Kimball

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5
  • Sherry Williams

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5
  • Elizabeth Burke

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5
  • Nashra Rahman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5
  • Sarah Smith

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5
  • Max Silverman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5
  • Karen Lobos

    EXECUTIVE DIRECTOR

    Total calculated
    $170,352
    From this org
    $139,810
    From related orgs
    $0
    Other
    $30,542
    Hours/week
    70

    Schedule J breakdown matched by us

    Base
    $139,810
    Bonus
    $0
    Other
    $0
    Deferred
    $16,406
    Nontaxable benefits
    $14,136
    Filer's total
    $170,352
  • Kamille Phillips-Dye

    DIRECTOR OF FINANCE AND OPERATIONS

    Total calculated
    $125,734
    From this org
    $99,935
    From related orgs
    $0
    Other
    $25,799
    Hours/week
    40
  • Morgan Fernandez

    SCHOOL PRINCIPAL

    Total calculated
    $169,922
    From this org
    $138,026
    From related orgs
    $0
    Other
    $31,896
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $138,026
    Bonus
    $0
    Other
    $0
    Deferred
    $17,760
    Nontaxable benefits
    $14,136
    Filer's total
    $169,922
  • Timothy Tran

    ASSISTANT PRINCIPAL

    Total calculated
    $152,118
    From this org
    $122,235
    From related orgs
    $0
    Other
    $29,883
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $122,235
    Bonus
    $0
    Other
    $0
    Deferred
    $15,747
    Nontaxable benefits
    $14,136
    Filer's total
    $152,118
  • Shannon Moe

    DIRECTOR OF COLLEGE SUCCESS

    Total calculated
    $136,479
    From this org
    $107,088
    From related orgs
    $0
    Other
    $29,391
    Hours/week
    40
  • Stacy Tiffany-Diaz

    TEACHER

    Total calculated
    $139,849
    From this org
    $111,467
    From related orgs
    $0
    Other
    $28,382
    Hours/week
    40
  • Allison Robbins

    TEACHER

    Total calculated
    $133,603
    From this org
    $105,609
    From related orgs
    $0
    Other
    $27,994
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
14 July 2025
IRS schema version
2023v6.0
Source object
202521969349301337

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