Civic Intelligence

Rainbow Valley Resource Network Inc

990 • Fiscal year 2017 • EIN 14-1656846

Jan 01, 2017 to Dec 31, 2017 • Filed on Dec 04, 2018

PO Box 427Buena Vista, CO 81211

(970) 343-2007

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.78x

Higher debt load relative to assets than 93% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

89th percentile

0.25x

Higher debt load relative to revenue than 89% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

18th percentile

-17%

Higher net margin than 18% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

97th percentile

$80,250

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 37.9% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

63rd percentile

10%

Faster asset growth than 63% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

96th percentile

197%

Faster revenue growth than 96% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Up

$68,015

Up $6,450 (+10%) from 2016

Net Assets

Down

$15,164

Down $34,963 (-70%) from 2016

Liabilities

Up

$52,851

Up $41,413 (+362%) from 2016

Revenue

Up

$211,674

Up $140,461 (+197%) from 2016

Expenses

Up

$247,212

Up $40,549 (+20%) from 2016

Net Income

Up

-$35,538

Up $99,912 (+74%) from 2016

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2011: $518,830Liabilities 2011: $780Net Assets 2011: $518,0502011Assets 2012: $496,199Liabilities 2012: $1,424Net Assets 2012: $494,7752012Assets 2013: $497,613Liabilities 2013: $2,154Net Assets 2013: $495,4592013Assets 2014: $348,132Liabilities 2014: $2,924Net Assets 2014: $345,2082014Assets 2015: $197,116Liabilities 2015: $7,763Net Assets 2015: $189,3532015Assets 2016: $61,565Liabilities 2016: $11,438Net Assets 2016: $50,1272016Assets 2017: $68,015Liabilities 2017: $52,851Net Assets 2017: $15,1642017Assets 2018: $36,272Liabilities 2018: $24,669Net Assets 2018: $11,6032018Assets 2019: $51,418Liabilities 2019: $14,594Net Assets 2019: $36,8242019Assets 2020: $134,561Liabilities 2020: $9,453Net Assets 2020: $125,1082020Assets 2021: $152,436Liabilities 2021: $10,552Net Assets 2021: $141,8842021Assets 2022: $143,145Liabilities 2022: $39,525Net Assets 2022: $103,6202022Assets 2023: $209,094Liabilities 2023: $10,509Net Assets 2023: $198,5852023Assets 2024: $386,709Liabilities 2024: $6,446Net Assets 2024: $380,2632024

Highlighted filing

2017

Assets$68,015
Liabilities$52,851
Net Assets$15,164

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2011: $31,512Expenses 2011: $77,408Net Income 2011: -$45,8962011Expenses 2012: $71,3772012Revenue 2013: $37,791Expenses 2013: $70,740Net Income 2013: -$32,9492013Revenue 2014: $50,097Expenses 2014: $209,982Net Income 2014: -$159,8852014Revenue 2015: $67,176Expenses 2015: $223,031Net Income 2015: -$155,8552015Revenue 2016: $71,213Expenses 2016: $206,663Net Income 2016: -$135,4502016Revenue 2017: $211,674Expenses 2017: $247,212Net Income 2017: -$35,5382017Revenue 2018: $232,542Expenses 2018: $234,880Net Income 2018: -$2,3382018Revenue 2019: $210,509Expenses 2019: $186,559Net Income 2019: $23,9502019Revenue 2020: $272,202Expenses 2020: $183,377Net Income 2020: $88,8252020Revenue 2021: $287,102Expenses 2021: $270,606Net Income 2021: $16,4962021Revenue 2022: $284,612Expenses 2022: $322,876Net Income 2022: -$38,2642022Revenue 2023: $498,540Expenses 2023: $403,575Net Income 2023: $94,9652023Revenue 2024: $675,462Expenses 2024: $493,784Net Income 2024: $181,6782024

Highlighted filing

2017

Revenue$211,674
Expenses$247,212
Net Income-$35,538
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Dec 4, 2018
Return Version
2017v2.3
Gross Receipts
$211,674
Mission and Program Overview

Mission

Advocate for and support the needs of developmentally disabled individuals who practice christian science.

Rainbow valley resource network provides financial assistance, information resources, and experiential enrichment activities that foster spiritual growth for families and individuals with developmental/special needs,who have chosen christian science as their way of life.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$47,244$51,917▲ $4,673
Investments in Publicly Traded Securities$8,927$9,934▲ $1,007
Savings and Temporary Cash Investments-$5,001-
Land, Buildings, and Equipment, Net$604$320▼ $284
Prepaid Expenses and Deferred Charges$4,790$126▼ $4,664
Total Assets$61,565$68,015▲ $6,450
Other Assets Total$0$717▲ $717
Liabilities
Accounts Payable and Accrued Expenses$11,438$52,851▲ $41,413
Total Liabilities$11,438$52,851▲ $41,413
Net Assets / Fund Balance
Unrestricted Net Assets$49,593$11,630▼ $37,963
Temporarily Rstr Net Assets$534$3,534▲ $3,000
Total Net Assets Fund Balance$50,127$15,164▼ $34,963
Total Liabilities and Net Assets / Fund Balance$61,565$68,015▲ $6,450

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$320$11,003$11,323

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$7,359-▲ $984-$8,343
2016$41,659-▼ $300-$7,359
2015$42,283-▼ $624-$41,659
2014$39,009-▲ $3,274-$42,283
2013$32,986-▲ $6,023-$39,009
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jon T HerzerChairman / PresidentFT$80,250$80,250

Board Members and Trustees

NameTitle
Richard a ClarkeVice Chair/ Treasurer
Bonniesue WadleighDirector
Brady E FyfeDirector
Chris CheneyDirector
Jeff RobertsonDirector
Julie Finnin DaySecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$211,209
Program Service Revenue
$0
Investment Income
$465
Other Revenue
$0
All Other Contributions
$211,209
Change in Net Assets
$-35,538
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$139,746
Salaries, Compensation, and Employee Benefits$107,466
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$48,150$32,100-$80,250
Advertising$27,375$18,250-$45,625
Other Salaries and Wages$11,840$7,893-$19,733
Fees for Services Accounting$7,203$4,802-$12,005
Payroll Taxes$4,490$2,993-$7,483
Occupancy$3,332$2,222-$5,554
Office Expenses$2,734$1,823-$4,557
Insurance$1,979$1,319-$3,298
Information Technology$1,951$1,300-$3,251
Other Expenses$1,670$1,113-$2,783
Travel-$1,914-$1,914
Fees for Services Other$1,128$752-$1,880
Fees for Services Legal$536$358-$894
Depreciation Depletion-$284-$284
Total Functional Expenses$170,089$77,123$0$247,212
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
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
Yes
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

Governance Explanations

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

The board of directors is provided with an electronic copy of form 990 for review prior to filing.

Form 990, Part VI, Section B, Line 12C

Officers and directors are required to sign a disclosure of conflicts of interest annually.

Form 990, Part VI, Section B, Line 15A

Salaries are determined and apporved by the board of directors in executive session. The chairman does not participate in this process as he is the organization's president.

Form 990, Part VI, Section C, Line 19

Governing documents, conflict of interest policy and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Rainbow Valley Resource Network Inc
EIN
14-1656846
Phone
9703432007
Address
PO BOX 427, BUENA VISTA, CO 81211

Signing Officer

Name
Jeffrey Robertson
Title
Executive Director
Phone
9703432007
Signed
2018-12-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeffrey Robertson
Formed
1984
Legal Domicile
Ny
Voting Board Members
5
Independent Board Members
4
Employees
3
Volunteers
9

Preparer

Firm
Marvin and Company Pc
Address
111 EVERTS AVE PO BOX 4750, QUEENSBURY, NY 12804-4750
Preparer
Heather D Patten CPA
Phone
5187926595
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

Rainbow valley resource network, inc. Is an organization exempt from income tax under section 501(c)(3) of the internal revenue code of 1986. The organization has also been classified as an entity that is not a private foundation within the meaning of section 509(a) and qualifies for deductible contributions as provided in section 170(b)(1)(a)(vi). Under accounting standards codification (asc) section 740, the tax status of tax-exempt entities is an uncertain tax position since events could potentially occur that jeopardize tax-exempt status. Accounting principles generally accepted in the united states of america require management to evaluate tax positions taken by the organization and recognize a tax liability if the organization has taken an uncertain tax position that more than likely would not be sustained upon the examination by the irs. Management has analyzed the tax positions taken by the organization and is not aware of any events that could jeopardize its tax-exempt status. Therefore, no liability or provision for income tax has been reflected in the financial statements.

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IRS990/QuidProQuoContributionsInd00
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IRS990/ReconcilationRevenueExpnssAmt0-35538
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IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt055328
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt031539
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt019678
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0393147
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0465
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt04417
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt018558
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt018113
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt053401
IRS990ScheduleA/PublicOrganization170Ind0X
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IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt042283
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0RAINBOW VALLEY RESOURCE NETWORK, INC. IS AN ORGANIZATION EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986. THE ORGANIZATION HAS ALSO BEEN CLASSIFIED AS AN ENTITY THAT IS NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) AND QUALIFIES FOR DEDUCTIBLE CONTRIBUTIONS AS PROVIDED IN SECTION 170(B)(1)(A)(VI). UNDER ACCOUNTING STANDARDS CODIFICATION (ASC) SECTION 740, THE TAX STATUS OF TAX-EXEMPT ENTITIES IS AN UNCERTAIN TAX POSITION SINCE EVENTS COULD POTENTIALLY OCCUR THAT JEOPARDIZE TAX-EXEMPT STATUS. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN TAX POSITION THAT MORE THAN LIKELY WOULD NOT BE SUSTAINED UPON THE EXAMINATION BY THE IRS. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION AND IS NOT AWARE OF ANY EVENTS THAT COULD JEOPARDIZE ITS TAX-EXEMPT STATUS. THEREFORE, NO LIABILITY OR PROVISION FOR INCOME TAX HAS BEEN REFLECTED IN THE FINANCIAL STATEMENTS.
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IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS IS PROVIDED WITH AN ELECTRONIC COPY OF FORM 990 FOR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1OFFICERS AND DIRECTORS ARE REQUIRED TO SIGN A DISCLOSURE OF CONFLICTS OF INTEREST ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SALARIES ARE DETERMINED AND APPORVED BY THE BOARD OF DIRECTORS IN EXECUTIVE SESSION. THE CHAIRMAN DOES NOT PARTICIPATE IN THIS PROCESS AS HE IS THE ORGANIZATION'S PRESIDENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
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IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
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IRS990/TempOrPermanentEndowmentsInd01
IRS990/TerminateOperationsInd00
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IRS990/TotalCompGreaterThan150KInd00
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IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0170089
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IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesGrp/BOYAmt011438
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IRS990/TotalOtherCompensationAmt00
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IRS990/TotalOtherProgSrvcGrantAmt00
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IRS990/TotalRevenueGrp/ExclusionAmt0465
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IRS990/TotReportableCompRltdOrgAmt00
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IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt049593
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IRS990/WebsiteAddressTxt0WWW.RVRNETWORK.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JEFFREY ROBERTSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum09703432007
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-12-04
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ReturnHeader/Filer/BusinessNameControlTxt0RAIN
ReturnHeader/Filer/EIN0141656846
ReturnHeader/Filer/PhoneNum09703432007
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ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm015:52:26
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0141567343
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MARVIN AND COMPANY PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0111 EVERTS AVE PO BOX 4750
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0QUEENSBURY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.87$0.06$3.80$6.75$4.94$1.82
2023Detailed filing. Detailed filing data is available for this year.$2.09$0.11$1.99$4.99$4.04$0.95
2022Detailed filing. Detailed filing data is available for this year.$1.43$0.40$1.04$2.85$3.23$0.38
2021Detailed filing. Detailed filing data is available for this year.$1.52$0.11$1.42$2.87$2.71$0.16
2020Detailed filing. Detailed filing data is available for this year.$1.35$0.09$1.25$2.72$1.83$0.89
2019Summary only. Only limited summary data is available for this year.$0.51$0.15$0.37$2.11$1.87$0.24
2018Summary only. Only limited summary data is available for this year.$0.36$0.25$0.12$2.33$2.35$0.02
2017Detailed filing. Detailed filing data is available for this year.$0.68$0.53$0.15$2.12$2.47$0.36
2016Detailed filing. Detailed filing data is available for this year.$0.62$0.11$0.50$0.71$2.07$1.35
2015Detailed filing. Detailed filing data is available for this year.$1.97$0.08$1.89$0.67$2.23$1.56
2014Detailed filing. Detailed filing data is available for this year.$3.48$0.03$3.45$0.50$2.10$1.60
2013Detailed filing. Detailed filing data is available for this year.$4.98$0.02$4.95$0.38$0.71$0.33
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.96$0.01$4.95$0.71
2011Summary only. Only limited summary data is available for this year.$5.19$0.01$5.18$0.32$0.77$0.46