Civic Intelligence

Rainbow Foundation Inc.

990EZ • Fiscal year 2015 • EIN 22-5053005

Oct 01, 2014 to Sep 30, 2015 • Filed on Dec 31, 2015

Organization ProfileN/A
15 Cherry Tree Farm RdMiddletown, NJ 07748

(732) 671-4343

Siviq Scores

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

Liabilities / Assets

86th percentile

0.37x

Higher debt load relative to assets than 86% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

83rd percentile

0.13x

Higher debt load relative to revenue than 83% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

13th percentile

-26%

Higher net margin than 13% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2015

Asset Growth

9th percentile

-47%

Faster asset growth than 9% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

59th percentile

7.1%

Faster revenue growth than 59% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets86th percentile

Assets

Down

$43,215

Down $37,792 (-47%) from 2014

Net Assets

Down

$27,215

Down $31,809 (-54%) from 2014

Liabilities

Down

$16,000

Down $5,983 (-27%) from 2014

Revenue And Expenses
Liabilities / Revenue83rd percentileNet Margin13th percentile

Revenue

Up

$123,478

Up $8,208 (+7.1%) from 2014

Expenses

Up

$155,287

Up $56,136 (+57%) from 2014

Net Income

Down

-$31,809

Down $47,928 (-297%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth9th percentile

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

$150K$100K$50K$0Assets 2011: $56,451Liabilities 2011: $44,7972011Assets 2012: $63,927Liabilities 2012: $38,6812012Assets 2013: $75,346Liabilities 2013: $32,4412013Assets 2014: $81,007Liabilities 2014: $21,983Net Assets 2014: $59,0242014Assets 2015: $43,215Liabilities 2015: $16,000Net Assets 2015: $27,2152015Assets 2016: $53,019Liabilities 2016: $4,5002016Assets 2017: $104,505Liabilities 2017: $02017Assets 2018: $81,390Liabilities 2018: $02018Assets 2019: $85,899Net Assets 2019: $85,8992019Assets 2020: $81,845Net Assets 2020: $81,8452020Assets 2021: $82,038Net Assets 2021: $82,0382021Assets 2022: $72,462Liabilities 2022: $02022

Highlighted filing

2015

Assets$43,215
Liabilities$16,000
Net Assets$27,215
Open 2015 Filing

Operations Trend

Revenue Growth59th percentile

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

$200K$100K$0-$100KRevenue 2011: $29,184Expenses 2011: $35,179Net Income 2011: -$5,9952011Revenue 2012: $46,103Expenses 2012: $33,260Net Income 2012: $12,8432012Revenue 2013: $60,181Expenses 2013: $43,158Net Income 2013: $17,0232013Revenue 2014: $115,270Expenses 2014: $99,151Net Income 2014: $16,1192014Revenue 2015: $123,478Expenses 2015: $155,287Net Income 2015: -$31,8092015Revenue 2016: $155,855Expenses 2016: $134,551Net Income 2016: $21,3042016Revenue 2017: $191,074Expenses 2017: $135,088Net Income 2017: $55,9862017Revenue 2018: $50,617Expenses 2018: $73,732Net Income 2018: -$23,1152018Revenue 2019: $50,998Expenses 2019: $46,489Net Income 2019: $4,5092019Revenue 2020: $13,838Expenses 2020: $17,892Net Income 2020: -$4,0542020Revenue 2021: $15,063Expenses 2021: $14,870Net Income 2021: $1932021Revenue 2022: $1,866Expenses 2022: $11,442Net Income 2022: -$9,5762022

Highlighted filing

2015

Revenue$123,478
Expenses$155,287
Net Income-$31,809
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2014 to Sep 30, 2015
Signed
Dec 31, 2015
Return Version
2014v6.0
Gross Receipts
$123,478
Mission and Program Overview

Mission

The mission of the organization is to provide financial assistance to needy and very sick children and their families.

Program Services

DescriptionGrantsExpenses
FUNDS ARE RAISED BY THE ORGANIZATION TO PROVIDE FINANCIAL HELP TO THE NEEDY AND VERY SICK CHILDREN. APPROXIMATELY 1,500 CHILDREN BENEFIT FROM THE FUNDS RAISED.-$155,287
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
MARGARET KARABANChairman-$0--
EDWARD KARABANPresident-$0--
ROBERT BONGOVice Pres.-$0--
ANTHONY LUCARELLITreasurer-$0--
GAIL BECHTOLDTTrustee-$0--
PETER DEMARCOTrustee-$0--
CHRISTINA THORNTrustee-$0--
DEAN D'AMBROSITrustee-$0--
JACKIE CATALANOSecretary-$0--
Filing and Contact Details

Filer

Filer Name
Rainbow Foundation Inc
EIN
22-5053005
Phone
7326714343
Address
15 CHERRY TREE FARM RD, MIDDLETOWN, NJ 07748

Signing Officer

Name
Edward Karaban
Title
President
Phone
7326714343
Signed
2015-12-31
Discuss with paid preparer
Yes

Preparer

Firm
Kelleher Petzold & Co CPA
Address
110 STATE ROUTE 35, RED BANK, NJ 07701
Preparer
Stephen P Kelleher CPA
Phone
7327478660
Supplemental Narrative

Additional Explanations

Other

“Page 1 line 16 program services”

Other

“Expenditures used to help needy and sick children”

Other

“And families we assist and serve. $140,531”

Other

“Page 1 line 16 depreciation on property $3,008”

Other

“Page 1 line 16 bank service charges for our programs $2,015”

Other

“Page 2 line 26 secured mortgage $16,000”

Form 990EZ, Part I, Line 16

“Bank charges 2015. Depreciation 3008. Program expenses 140531.”

Raw XML Appendix171 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.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0EDWARD KARABAN
IRS990EZ/BooksInCareOfDetail/PhoneNum07326714343
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt015 CHERRY TREE FARM RD
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0MIDDLETOWN
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NJ
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd007748
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt057390
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt022606
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt0123478
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-31809
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt0700
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt081007
IRS990EZ/Form990TotalAssetsGrp/EOYAmt043215
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GainOrLossFromSaleOfAssetsAmt00
IRS990EZ/GamingGrossIncomeAmt00
IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt0123478
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt00
IRS990EZ/LandAndBuildingsGrp/BOYAmt023617
IRS990EZ/LandAndBuildingsGrp/EOYAmt020609
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt00
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt059024
IRS990EZ/NetAssetsOrFundBalancesEOYAmt027215
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt059024
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt027215
IRS990EZ/OccupancyRentUtltsAndMaintAmt07242
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt00.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt10.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt20.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt30.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt40.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt50.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt60.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt70.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt80.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt70
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt80
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0MARGARET KARABAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1EDWARD KARABAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2ROBERT BONGO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3ANTHONY LUCARELLI
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4GAIL BECHTOLDT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5PETER DEMARCO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6CHRISTINA THORN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7DEAN D'AMBROSI
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm8JACKIE CATALANO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0CHAIRMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2VICE PRES.
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4TRUSTEE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5TRUSTEE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6TRUSTEE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7TRUSTEE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt8SECRETARY
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt0145554
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0THE MISSION OF THE ORGANIZATION IS TO PROVIDE FINANCIAL ASSISTANCE TO NEEDY AND VERY SICK CHILDREN AND THEIR FAMILIES.
IRS990EZ/PrintingPublicationsPostageAmt01791
IRS990EZ/ProgramServiceRevenueAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0FUNDS ARE RAISED BY THE ORGANIZATION TO PROVIDE FINANCIAL HELP TO THE NEEDY AND VERY SICK CHILDREN. APPROXIMATELY 1,500 CHILDREN BENEFIT FROM THE FUNDS RAISED.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt0155287
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt021983
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt016000
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0155287
IRS990EZ/TotalProgramServiceExpensesAmt0155287
IRS990EZ/TotalRevenueAmt0123478
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0123478
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0115270
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt048598
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt010720
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt05127
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0303193
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt0303193
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0123478
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0115270
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt048598
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt010720
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt05127
IRS990ScheduleA/Total509Grp/TotalAmt0303193
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0303193
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PAGE 1 LINE 16 PROGRAM SERVICES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPENDITURES USED TO HELP NEEDY AND SICK CHILDREN
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AND FAMILIES WE ASSIST AND SERVE. $140,531
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PAGE 1 LINE 16 DEPRECIATION ON PROPERTY $3,008
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PAGE 1 LINE 16 BANK SERVICE CHARGES FOR OUR PROGRAMS $2,015
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PAGE 2 LINE 26 SECURED MORTGAGE $16,000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6BANK CHARGES 2015. DEPRECIATION 3008. PROGRAM EXPENSES 140531.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990EZ, Part I, Line 16
ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0EDWARD KARABAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07326714343
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-12-31
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0RAINBOW FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0RAIN
ReturnHeader/Filer/EIN0225053005
ReturnHeader/Filer/PhoneNum07326714343
ReturnHeader/Filer/USAddress/AddressLine1Txt015 CHERRY TREE FARM RD
ReturnHeader/Filer/USAddress/CityNm0MIDDLETOWN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NJ
ReturnHeader/Filer/USAddress/ZIPCd007748
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KELLEHER PETZOLD & CO CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0110 STATE ROUTE 35
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0RED BANK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd007701
ReturnHeader/PreparerPersonGrp/PhoneNum07327478660
ReturnHeader/PreparerPersonGrp/PreparationDt02016-01-28
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STEPHEN P KELLEHER CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02016-01-28T17:36:09-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02014-10-01
ReturnHeader/TaxPeriodEndDt02015-09-30
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$43,215
Liabilities
$16,000
Net assets
$27,215
Revenue
$123,478
Expenses
$155,287
Net income
-$31,809
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Summary only. Only limited summary data is available for this year.$0.72$0.00$0.02$0.11$0.10
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.82$0.82$0.15$0.15$0.00
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.82$0.82$0.14$0.18$0.04
2019Detailed filing. Detailed filing data is available for this year.$0.86$0.86$0.51$0.46$0.05
2018Summary only. Only limited summary data is available for this year.$0.81$0.00$0.51$0.74$0.23
2017Summary only. Only limited summary data is available for this year.$1.05$0.00$1.91$1.35$0.56
2016Summary only. Only limited summary data is available for this year.$0.53$0.05$1.56$1.35$0.21
2015Detailed filing. Detailed filing data is available for this year.$0.43$0.16$0.27$1.23$1.55$0.32
2014Detailed filing. Detailed filing data is available for this year.$0.81$0.22$0.59$1.15$0.99$0.16
2013Summary only. Only limited summary data is available for this year.$0.75$0.32$0.60$0.43$0.17
2012Summary only. Only limited summary data is available for this year.$0.64$0.39$0.46$0.33$0.13
2011Summary only. Only limited summary data is available for this year.$0.56$0.45$0.29$0.35$0.06