Civic Intelligence

Rainbow Learning Center Inc.

EIN 03-0398541 • 501(c)3 • New Albany, MS

Pub. 78 Eligible

Profile

The organization's primary exempt purpose is to provide quality child care and meals to all children and qualifying disadvantaged children under the mississippi department of education's usda child and adult care food program (cacfp), a special nutrition food program. Rainbow learning center offers high quality care in a home-like and professional environment.

706 S Central AvenueNew Albany, MS 38652

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

33rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

34th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

16th percentile

-19%

Higher net margin than 16% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

11th percentile

-24%

Faster asset growth than 11% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

6th percentile

-47%

Faster revenue growth than 6% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Down

$437,745

Down $22,811 (-5.0%) from 2023

Liabilities

Up

$27,334

Up $27,334 from 2023

Net Assets

Down

$410,411

Down $50,145 (-11%) from 2023

Revenue

Down

$668,564

Down $23,890 (-3.5%) from 2023

Expenses

Down

$718,709

Down $107,482 (-13%) from 2023

Net Income

Up

-$50,145

Up $83,592 (+63%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$800K$600K$400K$200K$0Assets 2010: $17,525Liabilities 2010: $3,061Net Assets 2010: $14,4642010Assets 2011: $11,158Liabilities 2011: $3,970Net Assets 2011: $7,1882011Assets 2012: $8,718Liabilities 2012: $1,300Net Assets 2012: $7,4182012Assets 2013: $18,162Liabilities 2013: $5,732Net Assets 2013: $12,4302013Assets 2014: $28,449Liabilities 2014: $0Net Assets 2014: $28,4492014Assets 2015: $31,693Liabilities 2015: $5,851Net Assets 2015: $25,8422015Assets 2016: $16,611Liabilities 2016: $4,409Net Assets 2016: $12,2022016Assets 2017: $16,820Liabilities 2017: $10,506Net Assets 2017: $6,3142017Assets 2018: $62,823Liabilities 2018: $40,514Net Assets 2018: $22,3092018Assets 2019: $42,474Liabilities 2019: $37,724Net Assets 2019: $4,7502019Assets 2020: $137,489Liabilities 2020: $26,343Net Assets 2020: $111,1462020Assets 2021: $152,495Liabilities 2021: $22,675Net Assets 2021: $129,8202021Assets 2022: $607,141Liabilities 2022: $12,848Net Assets 2022: $594,2932022Assets 2023: $460,556Liabilities 2023: $0Net Assets 2023: $460,5562023Assets 2024: $437,745Liabilities 2024: $27,334Net Assets 2024: $410,4112024

Highlighted filing

2024

Assets$437,745
Liabilities$27,334
Net Assets$410,411

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2010: $349,7132010Expenses 2011: $305,7052011Expenses 2012: $266,6602012Revenue 2013: $281,888Expenses 2013: $276,876Net Income 2013: $5,0122013Revenue 2014: $379,362Expenses 2014: $363,343Net Income 2014: $16,0192014Revenue 2015: $493,625Expenses 2015: $496,232Net Income 2015: -$2,6072015Revenue 2016: $455,130Expenses 2016: $468,770Net Income 2016: -$13,6402016Revenue 2017: $442,833Expenses 2017: $448,721Net Income 2017: -$5,8882017Revenue 2018: $488,347Expenses 2018: $472,352Net Income 2018: $15,9952018Revenue 2019: $577,101Expenses 2019: $594,660Net Income 2019: -$17,5592019Revenue 2020: $637,738Expenses 2020: $531,342Net Income 2020: $106,3962020Revenue 2021: $638,429Expenses 2021: $619,755Net Income 2021: $18,6742021Revenue 2022: $1,314,918Expenses 2022: $850,445Net Income 2022: $464,4732022Revenue 2023: $692,454Expenses 2023: $826,191Net Income 2023: -$133,7372023Revenue 2024: $668,564Expenses 2024: $718,709Net Income 2024: -$50,1452024

Highlighted filing

2024

Revenue$668,564
Expenses$718,709
Net Income-$50,145

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.44$0.03$0.41$0.67$0.72$0.05
2023Detailed filing. Detailed filing data is available for this year.$0.46$0.00$0.46$0.69$0.83$0.13
2022Detailed filing. Detailed filing data is available for this year.$0.61$0.01$0.59$1.31$0.85$0.46
2021Detailed filing. Detailed filing data is available for this year.$0.15$0.02$0.13$0.64$0.62$0.02
2020Detailed filing. Detailed filing data is available for this year.$0.14$0.03$0.11$0.64$0.53$0.11
2019Detailed filing. Detailed filing data is available for this year.$0.04$0.04$0.00$0.58$0.59$0.02
2018Detailed filing. Detailed filing data is available for this year.$0.06$0.04$0.02$0.49$0.47$0.02
2017Detailed filing. Detailed filing data is available for this year.$0.02$0.01$0.01$0.44$0.45$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.02$0.00$0.01$0.46$0.47$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.03$0.01$0.03$0.49$0.50$0.00
2014Detailed filing. Detailed filing data is available for this year.$0.03$0.00$0.03$0.38$0.36$0.02
2013Detailed filing. Detailed filing data is available for this year.$0.02$0.01$0.01$0.28$0.28$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.01$0.00$0.01$0.27
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.01$0.00$0.01$0.31
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.02$0.00$0.01$0.35
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Feb 25, 2025
Return Version
2024v5.0
Gross Receipts
$668,564
Mission and Program Overview

Mission

The organization's primary exempt purpose is to provide quality child care and meals to all children and qualifying disadvantaged children under the mississippi department of education's usda child and adult care food program (cacfp), a special nutrition food program. Rainbow learning center offers high quality care in a home-like and professional environment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$457,974$407,829▼ $50,145
Land, Buildings, and Equipment, Net$301,368$288,971▼ $12,397
Cash and Non-Interest-Bearing Accounts$149,056$132,532▼ $16,524
Pd in Cap Srpls Land Bldg Eqp Fund$2,582$2,582→ $0
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$460,556$437,745▼ $22,811
Other Assets Total$10,132$16,242▲ $6,110
Liabilities
Other Liabilities-$27,334-
Total Liabilities$0$27,334▲ $27,334
Net Assets / Fund Balance
Total Net Assets Fund Balance$460,556$410,411▼ $50,145
Total Liabilities and Net Assets / Fund Balance$460,556$437,745▼ $22,811

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$91,834$151,017$242,851
Leasehold Improvements$159,658$23,550$183,208
Other Land Buildings$24,085$9,135$33,220
Buildings$13,394$1,730$15,124
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Minerva GrahamExecutive DirecFT$30,000$30,000

Board Members and Trustees

NameTitle
Tiffany GrahamMember
Cody GrahamSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$120,883
Program Service Revenue
$543,036
Investment Income
$4,645
Other Revenue
$0
Change in Net Assets
$-50,145
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$387,393
Other Expenses$331,316
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$327,106--$327,106
Occupancy$49,461$1,000-$50,461
Depreciation Depletion$41,770--$41,770
Payroll Taxes$27,992$2,295-$30,287
Current Officers, Directors, Trustees, and Key Employees$15,000$15,000-$30,000
Fees for Services Other$22,298--$22,298
Insurance$11,139--$11,139
Office Expenses-$9,982-$9,982
All Other Expenses$5,340$4,454-$9,794
Fees for Services Accounting-$5,715-$5,715
Other Expenses$4,914--$4,914
Advertising$3,690--$3,690
Total Functional Expenses$680,263$38,446$0$718,709
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Director$27,334
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

No review was or will be conducted.

Form 990, Part VI, Section C, Line 19

Other organizational documents available upon request.

Filing and Contact Details

Filer

Filer Name
Rainbow Learning Center Inc
EIN
03-0398541
Phone
6625384100
Address
706 S CENTRAL AVENUE, NEW ALBANY, MS 38652

Signing Officer

Name
Minerva Graham
Title
Executive Direc
Signed
2025-02-25
Discuss with paid preparer
Yes

Organization Details

Formed
2003
Legal Domicile
Ms
Voting Board Members
3
Independent Board Members
0
Employees
35

Preparer

Firm
Hutchinson & Greenberg PC
Address
704 Hillcrest Dr Suite A, Tupelo, MS 38804
Preparer
Chris Hutchinson
Phone
6625662847
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0RAINBOW LEARNING CENTER INC
ReturnHeader/Filer/BusinessNameControlTxt0RAIN
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Tupelo
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ReturnHeader/PreparerPersonGrp/PhoneNum06625662847
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHRIS HUTCHINSON
ReturnHeader/ReturnTs02025-02-25T06:10:31-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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