Civic Intelligence

Rainbows of Learning Inc.

990 • Fiscal year 2015 • EIN 22-1900909

Sep 01, 2014 to Aug 31, 2015 • Filed on Jan 12, 2016

118 Route 206Augusta, NJ 07822

(973) 383-5956

Siviq Scores

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

Liabilities / Assets

89th percentile

0.89x

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

92nd percentile

2.75x

Higher debt load relative to revenue than 92% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

65th percentile

8.5%

Higher net margin than 65% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

44th percentile

-0.7%

Faster asset growth than 44% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

24th percentile

-8.8%

Faster revenue growth than 24% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Down

$1,514,023

Down $10,396 (-0.7%) from 2014

Net Assets

Up

$166,033

Up $41,686 (+34%) from 2014

Liabilities

Down

$1,347,990

Down $52,082 (-3.7%) from 2014

Revenue

Down

$490,527

Down $47,115 (-8.8%) from 2014

Expenses

Down

$448,841

Down $33,651 (-7.0%) from 2014

Net Income

Down

$41,686

Down $13,464 (-24%) from 2014

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2011: $1,534,713Liabilities 2011: $1,538,882Net Assets 2011: -$4,1692011Assets 2012: $1,482,400Liabilities 2012: $1,499,067Net Assets 2012: -$16,6672012Assets 2013: $1,528,229Liabilities 2013: $1,459,032Net Assets 2013: $69,1972013Assets 2014: $1,524,419Liabilities 2014: $1,400,072Net Assets 2014: $124,3472014Assets 2015: $1,514,023Liabilities 2015: $1,347,990Net Assets 2015: $166,0332015Assets 2016: $1,594,170Liabilities 2016: $1,288,859Net Assets 2016: $305,3112016Assets 2017: $1,595,163Liabilities 2017: $1,202,210Net Assets 2017: $392,9532017Assets 2018: $1,592,151Liabilities 2018: $1,098,690Net Assets 2018: $493,4612018Assets 2019: $1,987,505Liabilities 2019: $1,380,214Net Assets 2019: $607,2912019Assets 2020: $1,933,190Liabilities 2020: $1,388,483Net Assets 2020: $544,7072020Assets 2021: $1,999,615Liabilities 2021: $1,222,945Net Assets 2021: $776,6702021Assets 2022: $2,104,441Liabilities 2022: $1,135,546Net Assets 2022: $968,8952022Assets 2023: $2,189,881Liabilities 2023: $1,115,150Net Assets 2023: $1,074,7312023Assets 2024: $2,083,393Liabilities 2024: $818,876Net Assets 2024: $1,264,5172024Assets 2025: $2,062,889Liabilities 2025: $669,225Net Assets 2025: $1,393,6642025

Highlighted filing

2015

Assets$1,514,023
Liabilities$1,347,990
Net Assets$166,033

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $453,742Expenses 2011: $436,853Net Income 2011: $16,8892011Revenue 2012: $366,182Expenses 2012: $378,680Net Income 2012: -$12,4982012Expenses 2013: $418,8562013Revenue 2014: $537,642Expenses 2014: $482,492Net Income 2014: $55,1502014Revenue 2015: $490,527Expenses 2015: $448,841Net Income 2015: $41,6862015Revenue 2016: $742,307Expenses 2016: $603,029Net Income 2016: $139,2782016Revenue 2017: $708,527Expenses 2017: $620,885Net Income 2017: $87,6422017Revenue 2018: $767,012Expenses 2018: $666,504Net Income 2018: $100,5082018Revenue 2019: $884,390Expenses 2019: $770,560Net Income 2019: $113,8302019Revenue 2020: $741,261Expenses 2020: $803,845Net Income 2020: -$62,5842020Revenue 2021: $1,085,730Expenses 2021: $853,767Net Income 2021: $231,9632021Revenue 2022: $1,243,292Expenses 2022: $1,051,067Net Income 2022: $192,2252022Revenue 2023: $1,236,585Expenses 2023: $1,130,749Net Income 2023: $105,8362023Revenue 2024: $1,283,481Expenses 2024: $1,093,695Net Income 2024: $189,7862024Revenue 2025: $1,247,470Expenses 2025: $1,118,323Net Income 2025: $129,1472025

Highlighted filing

2015

Revenue$490,527
Expenses$448,841
Net Income$41,686
Jump To
Filing Snapshot
Filing Period
Sep 1, 2014 to Aug 31, 2015
Signed
Jan 12, 2016
Return Version
2014v6.0
Gross Receipts
$490,527
Mission and Program Overview

Mission

Provide child care / day care services for children of working families and single parent families.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,456,453$1,442,364▼ $14,089
Savings and Temporary Cash Investments$52,120$54,992▲ $2,872
Prepaid Expenses and Deferred Charges$10,830$11,485▲ $655
Accounts Receivable$5,016$5,182▲ $166
Cash and Non-Interest-Bearing Accounts-$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-
Total Assets$1,524,419$1,514,023▼ $10,396
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,368,751$1,311,094▼ $57,657
Accounts Payable and Accrued Expenses$13,881$14,329▲ $448
Other Liabilities$11,238$12,856▲ $1,618
Deferred Revenue$6,202$9,711▲ $3,509
Total Liabilities$1,400,072$1,347,990▼ $52,082
Net Assets / Fund Balance
Unrestricted Net Assets$124,347$166,033▲ $41,686
Total Net Assets Fund Balance$124,347$166,033▲ $41,686
Total Liabilities and Net Assets / Fund Balance$1,524,419$1,514,023▼ $10,396

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,038,252$259,562$1,297,814
Land$312,808-$312,808
Leasehold Improvements$91,304$10,732$102,036
Compensation and Service Providers

Board Members and Trustees

NameTitle
George ListaPresident
Alan StretznickVice President
Alicia GardnerVice President
Elizabeth SilverthorneVice President
Sue PulkstenisVice President
Chuck SmithDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$3,599
Program Service Revenue
$484,858
Investment Income
$30
Other Revenue
$2,040
Change in Net Assets
$41,686
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$266,372
Other Expenses$182,469
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$164,529$75,733-$240,262
Interest$49,225$2,591-$51,816
Depreciation Depletion$35,791$1,884-$37,675
Payroll Taxes$18,016$8,094-$26,110
Insurance$15,906$837-$16,743
Other Expenses$8,583$6,853-$8,583
Fees for Services Accounting-$5,708-$5,708
All Other Expenses$4,197$1,004-$5,201
Advertising-$4,045-$4,045
Total Functional Expenses$342,092$106,749$0$448,841
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
Tuition Deposits$10,964
Interest Payable$1,892
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 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
Yes
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, Line 11B: Form 990 Review Process

Board reviews and approves audit report and Form 990 prior to submission.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Board members are questioned regarding conflicts of interest and disclose any in writing each year.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Board approves budget including salaries of all employees.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

Board approves budget including salaries of all employees. No board members receive compensation.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Rainbows of Learning Inc
EIN
22-1900909
Phone
9733835956
Address
118 ROUTE 206, AUGUSTA, NJ 07822

Signing Officer

Name
George Lista
Title
President
Signed
2016-01-12
Discuss with paid preparer
Yes

Organization Details

Voting Board Members
6
Independent Board Members
0
Employees
16

Preparer

Firm
Polcari & Co CPAs
Address
2035 Hamburg Turnpike Unit H, Wayne, NJ 07470
Preparer
Ralph A Polcari
Phone
9738316969
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IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0195987
IRS990/PYOtherRevenueAmt03739
IRS990/PYProgramServiceRevenueAmt0518093
IRS990/PYRevenuesLessExpensesAmt055150
IRS990/PYSalariesCompEmpBnftPaidAmt0286505
IRS990/PYTotalExpensesAmt0482492
IRS990/PYTotalRevenueAmt0537642
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt041686
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0490527
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt052120
IRS990/SavingsAndTempCashInvstGrp/EOYAmt054992
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01038252
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0259562
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01297814
IRS990ScheduleD/LandGrp/BookValueAmt0312808
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0312808
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt091304
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt010732
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0102036
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01892
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt110964
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0INTEREST PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TUITION DEPOSITS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01442364
IRS990ScheduleD/TotalLiabilityAmt012856
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/PlcyPblczdViaBroadcastMediaInd0false
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION RECEIVED A GRANT FROM THE NJ CHILD FOOD PROGRAM. IT IS A GRANT BASED ON THE NUMBER OF STUDENTS SERVED BREAKFAST, LUNCH, AND AFTERNOON SNACKS. THE GRANT IS USED TO OFFSET THE COST OF FOOD PURCHASED FOR THE MEALS AND SNACKS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE ADVERTISING OF THE ORGANIZATION IS TARGETED TO THE GENERAL PUBLIC OF SUSSEX COUNTY, ITS SERVICE AREA, AND NOT TO ANY ONE ETHNIC OR RACIAL GROUP. THE AGENCY ALSO WORKS CLOSELYWITH ALL HUMAN SERVICES ORGANIZATIONS IN THE COUNTY FOR REFERRALS FROM THE POPULATION OF THE AREA THEY SERVE.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Line 6 - Explanation of Aid or Assistance from Governmental Agency
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule E, Line 4 - Explanation of Records and Materials Not Maintained
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc3Schedule E, Line 5 - Explanation of Organization Discrimination by Race
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Board reviews and approves audit report and Form 990 prior to submission.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Board members are questioned regarding conflicts of interest and disclose any in writing each year.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Board approves budget including salaries of all employees.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Board approves budget including salaries of all employees. No board members receive compensation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01524419
IRS990/TotalAssetsEOYAmt01514023
IRS990/TotalAssetsGrp/BOYAmt01524419
IRS990/TotalAssetsGrp/EOYAmt01514023
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt03599
IRS990/TotalEmployeeCnt016
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0106749
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0342092
IRS990/TotalFunctionalExpensesGrp/TotalAmt0448841
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01400072
IRS990/TotalLiabilitiesEOYAmt01347990
IRS990/TotalLiabilitiesGrp/BOYAmt01400072
IRS990/TotalLiabilitiesGrp/EOYAmt01347990
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0124347
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0166033
IRS990/TotalProgramServiceExpensesAmt0342092
IRS990/TotalProgramServiceRevenueAmt0484858
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0486928
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0490527
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01524419
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01514023
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0124347
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0166033
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0GEORGE LISTA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-01-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0RAINBOWS OF LEARNING INC
ReturnHeader/Filer/BusinessNameControlTxt0RAIN
ReturnHeader/Filer/EIN0221900909
ReturnHeader/Filer/PhoneNum09733835956
ReturnHeader/Filer/USAddress/AddressLine1Txt0118 ROUTE 206
ReturnHeader/Filer/USAddress/CityNm0AUGUSTA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NJ
ReturnHeader/Filer/USAddress/ZIPCd007822
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Polcari & Co CPAs
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02035 Hamburg Turnpike Unit H
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Wayne
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.06$0.67$1.39$1.25$1.12$0.13
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.08$0.82$1.26$1.28$1.09$0.19
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.19$1.12$1.07$1.24$1.13$0.11
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.10$1.14$0.97$1.24$1.05$0.19
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.00$1.22$0.78$1.09$0.85$0.23
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.93$1.39$0.54$0.74$0.80$0.06
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.99$1.38$0.61$0.88$0.77$0.11
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.59$1.10$0.49$0.77$0.67$0.10
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.60$1.20$0.39$0.71$0.62$0.09
2016Detailed filing. Detailed filing data is available for this year.$1.59$1.29$0.31$0.74$0.60$0.14
2015Detailed filing. Detailed filing data is available for this year.$1.51$1.35$0.17$0.49$0.45$0.04
2014Detailed filing. Detailed filing data is available for this year.$1.52$1.40$0.12$0.54$0.48$0.06
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.53$1.46$0.07$0.42
2012Summary only. Only limited summary data is available for this year.$1.48$1.50$0.02$0.37$0.38$0.01
2011Summary only. Only limited summary data is available for this year.$1.53$1.54$0.00$0.45$0.44$0.02