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Nonprofit · EIN 46-3164286

SCHOLARSHIP FUND FOR RAINIER SCHOLARS

Tax-exempt · SEATTLE, WA 98144

Financials

$312K$29K2023$463K$647K2024
Revenue Expenses · by fiscal year end
Financials of SCHOLARSHIP FUND FOR RAINIER SCHOLARS by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$462,794$647,070-$184,276$8,682,193$0$8,682,193
December 31, 2023990$312,456$29,400$283,056$8,367,321$0$8,367,321
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$4,482
Program service revenue
$0
Investment income
$458,312
Net gain from sales of assets
$201,081
Other revenue
$0

Expenses

Grants and similar amounts paid
$608,838
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$5,558
Program services (functional)
$608,838
Management and general (functional)
$38,232

Balance sheet and other

Total assets, start of year
$8,367,321
Total assets, end of year
$8,682,193
Total liabilities, end of year
$0
Net assets, end of year
$8,682,193
Publicly traded securities
$8,638,604
Net assets without donor restrictions
$8,682,193
Gross receipts
$1,664,853
Employees
0
Volunteers
7
Year formed
2013
State of legal domicile
WA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
MORGAN LARSENDIRECTOR OF FINANCE AND OPERATIONS
Officer
1$126,865$5,538
MIKAL THOMSENBOARD CHAIR
Trustee or director, Officer
1$0$0
RICKY KIMALATTREASURER, SECRETARY
Trustee or director, Officer
1$0$0
ROBERT STRONGTRUSTEE
Trustee or director
1$0$0
KEVIN BAKERTRUSTEE
Trustee or director
1$0$0
MARY PUGHTRUSTEE
Trustee or director
1$0$0
ZANDER DOROSKITRUSTEE
Trustee or director
1$0$0
990 for the year ended December 31, 2023: 6 people
NameTitleHours / weekCompensation
MIKAL THOMSENBOARD CHAIR
Trustee or director, Officer
1$0
BOB STRONGTRUSTEE
Trustee or director
1$0
KEVIN BAKERTRUSTEE
Trustee or director
1$0
MARY PUGHTRUSTEE
Trustee or director
1$0
RICKY KAMALATTRUSTEE
Trustee or director
1$0
ZANDER DOROSKITRUSTEE
Trustee or director
1$0

Address and contacts

Address (IRS master file)
2100 24TH AVE S STE 360, SEATTLE, WA 98144-4646
In care of
% SARAH E SMITH
Principal officer (990 for 2024)
MIKAL THOMSEN, 2100 24TH AVE S 360, SEATTLE, WA 98144
Signed the 990
MIKAL THOMSEN, BOARD CHAIR
Phone
(206) 407-2111
Return prepared by
CLARK NUBER PS

Mission

SUPPORT ADDITIONAL FINANCIAL AID OPPORTUNITIES AT PARTICIPATING INDEPENDENT SCHOOLS FOR STUDENTS PREPARED THROUGH THE RAINIER SCHOLARS PROGRAM.

990 for the year ended December 31, 2024

Program accomplishments

  • GRANTS TO PARTNER SCHOOLS PROGRAM: PROVIDED SUPPORT FOR ADDITIONAL FINANCIAL AID OPPORTUNITIES AT PARTICIPATING INDEPENDENT SCHOOLS FOR STUDENTS PREPARED THROUGH THE RAINIER SCHOLARS PROGRAM.
    Expenses $608,838 · grants $608,838

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
46-3164286
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Supporting organization, Type III functionally integrated
Donations deductible (Pub 78)
Supporting organization, 50% limit
Exempt since
2013
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B82)
Assets (IRS master file)
$8,682,193
Income (IRS master file)
$1,664,853

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$462,794$647,070$8,682,193XML
990December 2023$312,456$29,400$8,367,321XML
990December 2022$315,053$322,661$7,236,576IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 46-3164286).

Questions about SCHOLARSHIP FUND FOR RAINIER SCHOLARS

What is the EIN of SCHOLARSHIP FUND FOR RAINIER SCHOLARS?
The employer identification number (EIN) of SCHOLARSHIP FUND FOR RAINIER SCHOLARS is 46-3164286.
Is SCHOLARSHIP FUND FOR RAINIER SCHOLARS tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2013.
Are donations to SCHOLARSHIP FUND FOR RAINIER SCHOLARS tax-deductible?
Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
Which annual return does SCHOLARSHIP FUND FOR RAINIER SCHOLARS file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of SCHOLARSHIP FUND FOR RAINIER SCHOLARS due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did SCHOLARSHIP FUND FOR RAINIER SCHOLARS last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of SCHOLARSHIP FUND FOR RAINIER SCHOLARS?
The 990 for the year ended December 31, 2024 names MIKAL THOMSEN.
Who are the officers and directors of SCHOLARSHIP FUND FOR RAINIER SCHOLARS?
The 990 for the year ended December 31, 2024 lists 7 people; 1 received compensation from the organization, the highest $126,865 (MORGAN LARSEN, DIRECTOR OF FINANCE AND OPERATIONS).
How much revenue does SCHOLARSHIP FUND FOR RAINIER SCHOLARS have?
On its 990 for the year ended December 31, 2024 it reported revenue of $462,794, expenses of $647,070 and total assets of $8,682,193 at year end.

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