Civic Intelligence

Rainbow Chimes Inc

990 • Fiscal year 2019 • EIN 11-2694198

Jan 01, 2019 to Dec 31, 2019 • Filed on Jun 04, 2020

Organization Profilewww.rainbowchimes.org

View Organization Page

PO Box 758Greenlawn, NY 11740

(631) 427-6300

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

100th percentile

10.73x

Higher debt load relative to assets than 100% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

88th percentile

0.67x

Higher debt load relative to revenue than 88% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

47th percentile

2.7%

Higher net margin than 47% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

55th percentile

$17,333

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 1.9% of source-year revenue.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

1st percentile

-91%

Faster asset growth than 1% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

19th percentile

-16%

Faster revenue growth than 19% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets100th percentile

Assets

Down

$57,745

Down $558,418 (-91%) from 2018

Net Assets

Down

-$561,588

Down $351,069 (-167%) from 2018

Liabilities

Down

$619,333

Down $207,349 (-25%) from 2018

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin47th percentile

Revenue

Down

$922,035

Down $169,981 (-16%) from 2018

Expenses

Down

$896,896

Down $365,043 (-29%) from 2018

Net Income

Up

$25,139

Up $195,062 (+115%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth1st percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0-$500K-$1.0MAssets 2010: $422,942Liabilities 2010: $388,828Net Assets 2010: $34,1142010Assets 2011: $327,376Liabilities 2011: $446,950Net Assets 2011: -$119,5742011Assets 2012: $887,873Liabilities 2012: $436,653Net Assets 2012: $451,2202012Assets 2013: $419,274Liabilities 2013: $488,363Net Assets 2013: -$69,0892013Assets 2014: $1,229,202Liabilities 2014: $558,625Net Assets 2014: $670,5772014Assets 2015: $766,487Liabilities 2015: $678,868Net Assets 2015: $87,6192015Assets 2016: $415,244Liabilities 2016: $734,257Net Assets 2016: -$319,0132016Assets 2017: $1,013,518Liabilities 2017: $726,952Net Assets 2017: $286,5662017Assets 2018: $616,163Liabilities 2018: $826,682Net Assets 2018: -$210,5192018Assets 2019: $57,745Liabilities 2019: $619,333Net Assets 2019: -$561,5882019Assets 2020: $0Liabilities 2020: $566,024Net Assets 2020: -$566,0242020

Highlighted filing

2019

Assets$57,745
Liabilities$619,333
Net Assets-$561,588
Open 2019 Filing

Operations Trend

Revenue Growth19th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.0M$0-$1.0MExpenses 2010: $1,975,1042010Expenses 2011: $1,956,7392011Expenses 2012: $1,836,3662012Revenue 2013: $1,701,855Expenses 2013: $1,839,664Net Income 2013: -$137,8092013Revenue 2014: $1,861,511Expenses 2014: $1,901,845Net Income 2014: -$40,3342014Revenue 2015: $1,666,058Expenses 2015: $1,851,767Net Income 2015: -$185,7092015Revenue 2016: $1,398,581Expenses 2016: $1,507,447Net Income 2016: -$108,8662016Revenue 2017: $1,421,184Expenses 2017: $1,445,002Net Income 2017: -$23,8182017Revenue 2018: $1,092,016Expenses 2018: $1,261,939Net Income 2018: -$169,9232018Revenue 2019: $922,035Expenses 2019: $896,896Net Income 2019: $25,1392019Revenue 2020: $3,615Expenses 2020: $8,050Net Income 2020: -$4,4352020

Highlighted filing

2019

Revenue$922,035
Expenses$896,896
Net Income$25,139
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jun 4, 2020
Return Version
2019v5.1
Gross Receipts
$922,700
Mission and Program Overview

Mission

To provide children with early

To provide children with early educational skills and the ability to develop into positive and productive adult leaders.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$490,340$0▼ $490,340
Loans From Officers Directors$226,833$273,338▲ $46,505
Accounts Receivable$99,885$55,815▼ $44,070
Land, Buildings, and Equipment, Net$19,980$0▼ $19,980
Prepaid Expenses and Deferred Charges$4,988$1,588▼ $3,400
Cash and Non-Interest-Bearing Accounts$-181$342▲ $523
Total Assets$616,163$57,745▼ $558,418
Other Assets Total$1,151$0▼ $1,151
Liabilities
Unsecured Notes Loans Payable$248,296$189,451▼ $58,845
Accounts Payable and Accrued Expenses$201,123$156,544▼ $44,579
Deferred Revenue$40,069$0▼ $40,069
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Total Liabilities$716,321$619,333▼ $96,988
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-100,158$-561,588▼ $461,430
Total Net Assets Fund Balance$-100,158$-561,588▼ $461,430
Total Liabilities and Net Assets / Fund Balance$616,163$57,745▼ $558,418

Asset Categories

AssetBook ValueDepreciationBasis
Land$0--
Compensation and Service Providers
Top Officer Pay55th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Kathleen RocheExecutive DirectorFT$17,333$17,333

Board Members and Trustees

NameTitle
Joan DrosinPresident/Secretary
Larry DrosinVice President/Treasurer
Michael B RocheMember At Large
Revenue and Support

Revenue Composition

Contributions and Grants
$167,726
Program Service Revenue
$746,474
Investment Income
$7,835
Other Revenue
$0
All Other Contributions
$167,726
Change in Net Assets
$25,139
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$519,359
Other Expenses$363,867
Grants and Similar Amounts Paid$13,670
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$442,476$474$0$442,950
Occupancy$111,092$16,600$0$127,692
Payroll Taxes$53,984$1,362$0$55,346
Insurance$51,152$579$0$51,731
Fees for Services Other$29,343$0$0$29,343
Advertising$28,039$560$0$28,599
Interest$9,667$14,480$0$24,147
Information Technology$9,648$12,073$0$21,721
Current Officers, Directors, Trustees, and Key Employees$0$17,333$0$17,333
Other Expenses$12,470$1,259$0$13,729
Grants to Domestic Orgs$13,670--$13,670
Office Expenses$4,256$7,846$0$12,102
Depreciation Depletion$4,525$166$0$4,691
All Other Expenses$4,648$0$0$4,648
Other Employee Benefits$664$3,066$0$3,730
Fees for Services Legal$414$2,575$0$2,989
Travel$81$0$0$81
Fees for Services Accounting$0$-365$0$-365
Total Functional Expenses$814,906$81,990$0$896,896
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
Loans from Officers, Directors, Trustees, and Key Employees$226,833$273,338▲ $46,505
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Rainbow Chimes Inc
EIN
11-2694198
Phone
6314276300
Address
PO Box 758, Greenlawn, NY 11740

Signing Officer

Name
Kathleen Roche
Title
Executive Director
Phone
6314276300
Signed
2020-06-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kathleen Roche
Formed
1983
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
3
Employees
34
Volunteers
0

Preparer

Firm
The Ledger Group
Address
248 ROUTE 25A Suite 7, SETAUKET, NY 11733
Preparer
Leigh J Gifford
Phone
6312465292
Supplemental Narrative

Additional Explanations

Pt VI, Line 2

“Kathleen Roche, Michael B. Roche. Larry and Joan Drosin have a family relationship.”

Pt VI, Line 11B

“The Form 990 is prepared by an independent CPA firm. It is reviewed by the Executive Director and Board members.”

Pt VI, Line 12C

“The organization requires its board members to conduct business according to the highest ethical standards of conduct. Business dealings that appear to create a conflict between the best interests of Rainbow Chimes, Inc. and any individual board members are dealt with immediately. Board members must disclose any possible conflicts to the executive committee of the board so that the committee may assess and prevent potential conflicts from arising. If conflicts of interest are deemed to exist, board members with such potential or actual conflict are barred from participating in deliberations and/or voting with regard to the affected transaction(s).”

Pt VI, Line 19

“The governing documents, conflict of interest policy and financial statements are made available to the public upon request.”

Pt XI

“Adjustment for differences in Fixed Asset Book Value at disposition”

Raw XML AppendixShowing 400 of 466 raw XML fields

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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IRS990/PYOtherExpensesAmt0546000
IRS990/PYProgramServiceRevenueAmt01063763
IRS990/PYRevenuesLessExpensesAmt0-61295
IRS990/PYSalariesCompEmpBnftPaidAmt0706811
IRS990/PYTotalExpensesAmt01252811
IRS990/PYTotalRevenueAmt01191516
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt025139
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0746474
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0The organization annually publicizes its racially nondiscriminatory policy in newspapers of general circulation that serve all racial segments of the community. The organization annually pblicizes its racially nondiscriminatory policy in newspapers of general circulation that serve all racial segments of the community
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1Receive funds from Suffolk County DSS and CACFP
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Line 6b
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt041275
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt1185558
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt20
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt346505
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd1true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd2true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd3true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd1true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd2false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd3true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0Working Capital
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1Working Capital
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt2Working Capital
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt3QWorking Capital
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd2X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd3X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt041275
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt1100000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt250000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt334225
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0Kathleen Roche
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1Kathleen Roche
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm2Michael J Roche
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm3Kathleen Roche
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0Exec Dir
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1Exec Dir
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt2Member
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt3Exc Dir
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd1true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd2true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd3true
IRS990ScheduleL/TotalBalanceDueAmt0273338
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Kathleen Roche, Michael B. Roche. Larry and Joan Drosin have a family relationship.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Form 990 is prepared by an independent CPA firm. It is reviewed by the Executive Director and Board members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The organization requires its board members to conduct business according to the highest ethical standards of conduct. Business dealings that appear to create a conflict between the best interests of Rainbow Chimes, Inc. and any individual board members are dealt with immediately. Board members must disclose any possible conflicts to the executive committee of the board so that the committee may assess and prevent potential conflicts from arising. If conflicts of interest are deemed to exist, board members with such potential or actual conflict are barred from participating in deliberations and/or voting with regard to the affected transaction(s).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The governing documents, conflict of interest policy and financial statements are made available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Adjustment for differences in Fixed Asset Book Value at disposition
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt XI
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0616163
IRS990/TotalAssetsEOYAmt057745
IRS990/TotalAssetsGrp/BOYAmt0616163
IRS990/TotalAssetsGrp/EOYAmt057745
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0167726
IRS990/TotalEmployeeCnt034
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt081990
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0814906
IRS990/TotalFunctionalExpensesGrp/TotalAmt0896896
IRS990/TotalGrossUBIAmt06500
IRS990/TotalLiabilitiesBOYAmt0716321
IRS990/TotalLiabilitiesEOYAmt0619333
IRS990/TotalLiabilitiesGrp/BOYAmt0716321

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$57,745
Liabilities
$619,333
Net assets
-$561,588
Revenue
$922,035
Expenses
$896,896
Net income
$25,139
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020Detailed filing. Detailed filing data is available for this year.$0.00$0.57$0.57$0.00$0.01$0.00
2019Detailed filing. Detailed filing data is available for this year.$0.06$0.62$0.56$0.92$0.90$0.03
2018Detailed filing. Detailed filing data is available for this year.$0.62$0.83$0.21$1.09$1.26$0.17
2017Detailed filing. Detailed filing data is available for this year.$1.01$0.73$0.29$1.42$1.45$0.02
2016Detailed filing. Detailed filing data is available for this year.$0.42$0.73$0.32$1.40$1.51$0.11
2015Detailed filing. Detailed filing data is available for this year.$0.77$0.68$0.09$1.67$1.85$0.19
2014Detailed filing. Detailed filing data is available for this year.$1.23$0.56$0.67$1.86$1.90$0.04
2013Detailed filing. Detailed filing data is available for this year.$0.42$0.49$0.07$1.70$1.84$0.14
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.89$0.44$0.45$1.84
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.33$0.45$0.12$1.96
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.42$0.39$0.03$1.98