Civic Intelligence

Rainbow Foundation Inc.

990EZ • Fiscal year 2020 • EIN 22-5053005

Oct 01, 2019 to Sep 30, 2020 • Filed on Nov 10, 2020

65 E River RdRumson, NJ 07760

(732) 671-4343

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2020

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2020

Net Margin

22nd percentile

-29%

Higher net margin than 22% of similar nonprofits.

2020 filings • NTEE E • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2020 filings • NTEE E • <$500k nonprofits • Source year 2020

Asset Growth

36th percentile

-4.7%

Faster asset growth than 36% of similar nonprofits.

2020 filings • NTEE E • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

16th percentile

-73%

Faster revenue growth than 16% of similar nonprofits.

2020 filings • NTEE E • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Down

$81,845

Down $4,054 (-4.7%) from 2019

Net Assets

Down

$81,845

Down $4,054 (-4.7%) from 2019

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Down

$13,838

Down $37,160 (-73%) from 2019

Expenses

Down

$17,892

Down $28,597 (-62%) from 2019

Net Income

Down

-$4,054

Down $8,563 (-190%) from 2019

Historical Trend

Balance Sheet Trend

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

2020

Assets$81,845
Liabilities-
Net Assets$81,845

Operations Trend

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

2020

Revenue$13,838
Expenses$17,892
Net Income-$4,054
Jump To
Filing Snapshot
Filing Period
Oct 1, 2019 to Sep 30, 2020
Signed
Nov 10, 2020
Return Version
2019v5.1
Gross Receipts
$13,838
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 PROVIDEFINANCIAL HELP TO THE NEEDY AND VERY SICK CHILDREN.APPROXIMATELY 1,500 CHILDREN BENEFIT FROM THE FUNDS RAISED.$0$17,892
Compensation and Service Providers

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
65 E RIVER RD, RUMSON, NJ 07760

Signing Officer

Name
Edward Karaban
Title
President
Phone
7326714343
Signed
2020-11-10
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

Form 990EZ, Part I, Line 16

BANK CHARGES 1153.

Form 990EZ, Part I, Line 16

PROGRAM EXPENSES 13719.

Raw XML Appendix190 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
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IRS990EZ/AddressChangeInd0X
IRS990EZ/BooksInCareOfDetail/PersonNm0EDWARD KARABAN
IRS990EZ/BooksInCareOfDetail/PhoneNum07326714343
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt019 PARK AVE
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0RUMSON
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NJ
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd007760
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt085899
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt081845
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt013838
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-4054
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt0750
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt085899
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IRS990EZ/FundraisingGrossIncomeAmt00
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IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt013838
IRS990EZ/GrossReceiptsForPublicUseAmt00
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InitiationFeesAndCapContriAmt00
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IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt00
IRS990EZ/MethodOfAccountingCashInd0X
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IRS990EZ/NetAssetsOrFundBalancesEOYAmt081845
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt70
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt80
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt70
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt80
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt70
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt80
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/OtherExpensesTotalAmt014872
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/PrintingPublicationsPostageAmt02270
IRS990EZ/ProgramServiceRevenueAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0FUNDS ARE RAISED BY THE ORGANIZATION TO PROVIDEFINANCIAL HELP TO THE NEEDY AND VERY SICK CHILDREN.APPROXIMATELY 1,500 CHILDREN BENEFIT FROM THE FUNDS RAISED.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt017892
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt017892
IRS990EZ/TotalProgramServiceExpensesAmt017892
IRS990EZ/TotalRevenueAmt013838
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt013838
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt050998
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt050617
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt095409
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0155855
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0366717
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt0366717
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt013838
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt050998
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt050617
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt095409
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0155855
IRS990ScheduleA/Total509Grp/TotalAmt0366717
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0366717
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BANK CHARGES 1153.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PROGRAM EXPENSES 13719.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990EZ, Part I, Line 16
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0EDWARD KARABAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07326714343
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0RAINBOW FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0RAIN
ReturnHeader/Filer/EIN0225053005
ReturnHeader/Filer/PhoneNum07326714343
ReturnHeader/Filer/USAddress/AddressLine1Txt065 E RIVER RD
ReturnHeader/Filer/USAddress/CityNm0RUMSON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NJ
ReturnHeader/Filer/USAddress/ZIPCd007760
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0146DC2E100D29C123FB46642B5933027C95D7B11
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0C74696511D42392E6A10BCABFDA2860E613B701D
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0108.53.255.52
ReturnHeader/FilingSecurityInformation/IPDt02020-11-17
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PS
ReturnHeader/FilingSecurityInformation/IPTm006:41:02
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/PreparationDt02020-11-17
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STEPHEN P KELLEHER CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02020-11-17T06:41:13-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02019-10-01
ReturnHeader/TaxPeriodEndDt02020-09-30
ReturnHeader/TaxYr02019

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Filings