Civic Intelligence

Rainbow Learning Enrichment Nfp

990 • Fiscal year 2022 • EIN 26-4059542

Jul 01, 2021 to Jun 30, 2022 • Filed on Feb 28, 2023

202 N Schuyler Ave S-107Kankakee, IL 60901

(815) 932-0569

Siviq Scores

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

Liabilities / Assets

76th percentile

0.31x

Higher debt load relative to assets than 76% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

56th percentile

0.12x

Higher debt load relative to revenue than 56% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

27th percentile

-4.1%

Higher net margin than 27% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

65th percentile

$90,851

Higher top officer pay than 65% of similar nonprofits.

Top officer pay equals 6.2% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

11th percentile

-17%

Faster asset growth than 11% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

57th percentile

11%

Faster revenue growth than 57% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Down

$567,045

Down $112,347 (-17%) from 2021

Net Assets

Down

$393,041

Down $60,649 (-13%) from 2021

Liabilities

Down

$174,004

Down $51,698 (-23%) from 2021

Revenue

Up

$1,473,248

Up $140,019 (+11%) from 2021

Expenses

Up

$1,533,897

Up $276,621 (+22%) from 2021

Net Income

Down

-$60,649

Down $136,602 (-180%) from 2021

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2015: $266,526Liabilities 2015: $61,097Net Assets 2015: $205,4292015Assets 2016: $241,274Liabilities 2016: $53,225Net Assets 2016: $188,0492016Assets 2017: $460,924Liabilities 2017: $235,555Net Assets 2017: $225,3692017Assets 2018: $356,794Liabilities 2018: $145,573Net Assets 2018: $211,2212018Assets 2019: $614,580Liabilities 2019: $241,292Net Assets 2019: $373,2882019Assets 2020: $468,782Liabilities 2020: $91,045Net Assets 2020: $377,7372020Assets 2021: $679,392Liabilities 2021: $225,702Net Assets 2021: $453,6902021Assets 2022: $567,045Liabilities 2022: $174,004Net Assets 2022: $393,0412022Assets 2023: $611,190Liabilities 2023: $242,904Net Assets 2023: $368,2862023Assets 2024: $613,734Liabilities 2024: $289,156Net Assets 2024: $324,5782024

Highlighted filing

2022

Assets$567,045
Liabilities$174,004
Net Assets$393,041

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2015: $1,030,349Expenses 2015: $1,022,455Net Income 2015: $7,8942015Revenue 2016: $915,850Expenses 2016: $933,230Net Income 2016: -$17,3802016Revenue 2017: $1,037,233Expenses 2017: $999,913Net Income 2017: $37,3202017Revenue 2018: $1,035,790Expenses 2018: $1,049,938Net Income 2018: -$14,1482018Revenue 2019: $1,241,777Expenses 2019: $1,079,710Net Income 2019: $162,0672019Revenue 2020: $1,259,645Expenses 2020: $1,255,196Net Income 2020: $4,4492020Revenue 2021: $1,333,229Expenses 2021: $1,257,276Net Income 2021: $75,9532021Revenue 2022: $1,473,248Expenses 2022: $1,533,897Net Income 2022: -$60,6492022Revenue 2023: $1,711,387Expenses 2023: $1,732,520Net Income 2023: -$21,1332023Revenue 2024: $1,732,011Expenses 2024: $1,775,719Net Income 2024: -$43,7082024

Highlighted filing

2022

Revenue$1,473,248
Expenses$1,533,897
Net Income-$60,649
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Feb 28, 2023
Return Version
2021v4.1
Gross Receipts
$1,473,248
Mission and Program Overview

Mission

Rainbow Learning Enrichment provides head start day care services to children of migrant workers.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$451,955$391,250▼ $60,705
Cash and Non-Interest-Bearing Accounts$73,901$165,834▲ $91,933
Pledges and Grants Receivable$151,874$8,434▼ $143,440
Prepaid Expenses and Deferred Charges$1,662$1,526▼ $136
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$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$679,392$567,045▼ $112,347
Other Assets Total-$1-
Liabilities
Accounts Payable and Accrued Expenses$225,702$174,004▼ $51,698
Total Liabilities$225,702$174,004▼ $51,698
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$453,690$393,041▼ $60,649
Total Net Assets Fund Balance$453,690$393,041▼ $60,649
Total Liabilities and Net Assets / Fund Balance$679,392$567,045▼ $112,347

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$391,250$398,473-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Maria AndersonExecutive DirecFT$90,851$90,851

Board Members and Trustees

NameTitle
Gloria RichardPresident
Linda EarleywineVice President
Luis MaganaDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$1,473,248
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$130
Change in Net Assets
$-60,649

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,473,248
Revenue Not Reported on Form 990
$82,177
Total Revenue per Audited Statements
$1,555,425
Total Revenue per Form 990
$1,473,248
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,025,225
Other Expenses$508,672
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$666,860$94,970-$761,830
Occupancy$121,843$3,777-$125,620
Payroll Taxes$92,466$14,146-$106,612
Current Officers, Directors, Trustees, and Key Employees$72,681$18,170-$90,851
Depreciation Depletion$82,356--$82,356
Other Employee Benefits$57,184$8,748-$65,932
All Other Expenses$42,843$11-$42,854
Fees for Services Accounting-$39,124-$39,124
Other Expenses$14,762$934-$15,696
Travel$12,548--$12,548
Insurance$3,788$117-$3,905
Interest-$2,223-$2,223
Total Functional Expenses$1,350,002$183,895$0$1,533,897

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,616,074
Expenses per Audited Statements$1,533,897
Total Expenses per Form 990$1,533,897
Expenses Not Reported on Form 990$82,177
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-
Governance and Compliance

Governance Checklist

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

The completed tax return (form 990) is provided to the president and the executive director for their review. The president and the executive director perform a limited review.

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

The monitoring and enforcement of polices are reviewed at the monthly Board of Director meetings.

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

The Director is reviewed annually by the Board of Directors and by the grantor. The payscale is determined by the grantor in the annual budget submitted for approval.

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

All employees are reviewed by their Supervisor and then approved by the Director. Salaries are approved by the grantor in the annual budget submitted to them.

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

Upon request, taxpayer will provide access to the requested documents.

Filing and Contact Details

Filer

Filer Name
Rainbow Learning Enrichment NFP
EIN
26-4059542
Phone
8159320569
Address
202 N Schuyler Ave S-107, Kankakee, IL 60901

Signing Officer

Name
Maria Anderson
Title
Executive Director
Signed
2023-02-28
Discuss with paid preparer
Yes

Organization Details

Formed
2008
Legal Domicile
Il
Voting Board Members
3
Independent Board Members
3
Employees
46

Preparer

Firm
Borschnack Pelletier & Co
Address
200 E COURT ST STE 608, KANKAKEE, IL 60901
Preparer
Daniel J Borschnack
Phone
8159331771
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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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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01259645
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01241777
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01034790
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt06342549
IRS990ScheduleA/TotalSupportAmt06342689
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IRS990ScheduleD/DonatedServicesUseFcltsAmt082177
IRS990ScheduleD/EquipmentGrp/BookValueAmt0391250
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0398473
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0789723
IRS990ScheduleD/ExpensesNotReportedAmt082177
IRS990ScheduleD/ExpensesSubtotalAmt01533897
IRS990ScheduleD/RevenueNotReportedAmt082177
IRS990ScheduleD/RevenueSubtotalAmt01473248
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0391250
IRS990ScheduleD/TotalExpensesPerForm990Amt01533897
IRS990ScheduleD/TotalRevenuePerForm990Amt01473248
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IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01616074
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The completed tax return (form 990) is provided to the president and the executive director for their review. The president and the executive director perform a limited review.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The monitoring and enforcement of polices are reviewed at the monthly Board of Director meetings.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Director is reviewed annually by the Board of Directors and by the grantor. The payscale is determined by the grantor in the annual budget submitted for approval.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3All employees are reviewed by their Supervisor and then approved by the Director. Salaries are approved by the grantor in the annual budget submitted to them.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Upon request, taxpayer will provide access to the requested documents.
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
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IRS990/TotalContributionsAmt01473248
IRS990/TotalEmployeeCnt046
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0183895
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01350002
IRS990/TotalFunctionalExpensesGrp/TotalAmt01533897
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0225702
IRS990/TotalLiabilitiesEOYAmt0174004
IRS990/TotalLiabilitiesGrp/BOYAmt0225702
IRS990/TotalLiabilitiesGrp/EOYAmt0174004
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0453690
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0393041
IRS990/TotalProgramServiceExpensesAmt01350002
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt090851
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01473248
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0679392
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0567045
IRS990/TravelGrp/ProgramServicesAmt012548
IRS990/TravelGrp/TotalAmt012548
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0202 N Schuyler Ave S-107
IRS990/USAddress/CityNm0Kankakee
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd0609013865
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Maria Anderson
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-02-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Rainbow Learning Enrichment NFP
ReturnHeader/Filer/BusinessNameControlTxt0RAIN
ReturnHeader/Filer/EIN0264059542
ReturnHeader/Filer/PhoneNum08159320569
ReturnHeader/Filer/USAddress/AddressLine1Txt0202 N Schuyler Ave S-107
ReturnHeader/Filer/USAddress/CityNm0Kankakee
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060901
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0263596611
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BORSCHNACK PELLETIER & CO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0200 E COURT ST STE 608
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0KANKAKEE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060901
ReturnHeader/PreparerPersonGrp/PhoneNum08159331771
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Daniel J Borschnack
ReturnHeader/ReturnTs02023-03-01T14:20:24-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Maria
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Anderson
ReturnHeader/TaxPeriodBeginDt02021-07-01
ReturnHeader/TaxPeriodEndDt02022-06-30
ReturnHeader/TaxYr02021

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