ELEANOR B RAINEY MEMORIAL INSTITUTE

EIN: 346555952 501(c)(3)

CLEVELAND, OH

Total Revenue
$2,703,520
Total Expenses
$2,257,398
Total Assets
$12,174,496
Net Assets
$11,716,745
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Financial Trends

Organization Details

Formation Year
1943
Legal Domicile
OH
Principal Officer
JENNIFER HARRIS
Phone
2168811766
Tax Period
2023-09-01 to 2024-08-31

ELEANOR B RAINEY MEMORIAL INSTITUTE, founded in 1943, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $446K, a strong 17% operating margin.

Mission

RAINEY INSTITUTE IS DEDICATED TO POSITIVE CHANGE FOR GREATER CLEVELAND'S YOUTH AND FAMILIES THROUGH EDUCATION AND PARTICIPATION IN THE PERFORMING AND VISUAL ARTS.

Program Service Accomplishments

Program 1
Expenses: $1,776,036 Revenue: $208,487

RAINEY INSTITUTE IS DEDICATED TO POSITIVE CHANGE FOR GREATER CLEVELAND'S YOUTH AND FAMILIES THROUGH EDUCATION AND PARTICIPATION IN PERFORMING AND VISUAL ARTS. RAINEY INSTITUTE DEVELOPS SELF-ESTEEM...

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RAINEY INSTITUTE IS DEDICATED TO POSITIVE CHANGE FOR GREATER CLEVELAND'S YOUTH AND FAMILIES THROUGH EDUCATION AND PARTICIPATION IN PERFORMING AND VISUAL ARTS. RAINEY INSTITUTE DEVELOPS SELF-ESTEEM, HUMANITARIAN VALUES, WORK ETHIC, LIFE SKILLS AND HOPE IN A NEW FUTURE FOR ALL PROGRAM PARTICIPANTS. RAINEY PROVIDES ARTS EDUCATION PROGRAMS FOR CHILDREN IN CLEVELAND, AND HAS BEEN SERVING THIS COMMUNITY SINCE 1904. RAINEY'S PROGRAMS IN MUSIC, DANCE, DRAMA AND VISUAL ARTS ARE DELIVERED TO 800 CHILDREN ANNUALLY THROUGH AN AFTER SCHOOL PROGRAM, SATURDAY CLASSES AND SUMMER CAMP PROGRAM.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,552,542
Program Service Revenue $208,487
Investment Income $900,348
Other Revenue $42,143
TOTAL REVENUE $2,703,520

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,106,964
Fundraising Expenses $133,678
Program Expenses $1,776,036
Other Expenses $1,150,434
TOTAL EXPENSES $2,257,398

Year-over-Year Comparison

2023 2022 Change
Revenue $2,703,520 $2,301,286 +0.2%
Expenses $2,257,398 $2,238,490 +0.0%
Net Income $446,122 $62,796 +6.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
20
Independent Members
20
Employees
49
Volunteers
86

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✓ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$134,766
Total Directors
19
$134,766
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JANET BANKS TRUSTEE 1.00
Director
$0 $0 $0
ROBERT CONRAD TRUSTEE 1.00
Director
$0 $0 $0
ERIN DEIMLING TRUSTEE 1.00
Director
$0 $0 $0
WILLIAM E FEHRENBACH JR TRUSTEE 1.00
Director
$0 $0 $0
MICHELE CRAWFORD TRUSTEE 1.00
Director
$0 $0 $0
TOM CHAREK TRUSTEE 1.00
Director
$0 $0 $0
DAVID LAMB TRUSTEE 1.00
Director
$0 $0 $0
JEFFREY WEISS TREASURER 1.00
Officer Director
$0 $0 $0
MONYKA S PRICE TRUSTEE 1.00
Director
$0 $0 $0
JAMES SACHER CHAIRMAN 1.00
Officer Director
$0 $0 $0
JOE SMUCNY TRUSTEE 1.00
Director
$0 $0 $0
YAASIRA JONES TRUSTEE 1.00
Director
$0 $0 $0
WILLIAM S LIPSCOMB VICE CHAIRMAN 1.00
Officer Director
$0 $0 $0
CHRIS KUTSKO TRUSTEE 1.00
Director
$0 $0 $0
LYNNE LAWRENCE TRUSTEE 1.00
Director
$0 $0 $0
COREY JAMES TRUSTEE 1.00
Director
$0 $0 $0
SUNG CHA TRUSTEE 1.00
Director
$0 $0 $0
JENNIFER HARRIS EXECUTIVE DIRECTOR 40.00
Officer Director
$128,862 $5,904 $134,766
THODORE J HORVATH TRUSTEE 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $2,703,520 $2,257,398 $12,174,496 $446,122
2023 $2,301,286 $2,238,490 $11,833,755 $62,796
2022 $1,722,143 $1,766,000 $11,251,048 $-43,857
2021 $4,317,677 $1,367,868 $11,294,144 $2,949,809
2020 $1,557,944 $1,564,896 $8,181,541 $-6,952
2019 $1,422,598 $1,749,427 $7,981,098 $-326,829
2018 $2,034,055 $1,617,612 $8,282,810 $416,443
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