Civic Intelligence

Rainbow Learning Enrichment Nfp

990 • Fiscal year 2023 • EIN 26-4059542

Jul 01, 2022 to Jun 30, 2023 • Filed on Mar 04, 2024

Organization ProfileN/A
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

80th percentile

0.40x

Higher debt load relative to assets than 80% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

59th percentile

0.14x

Higher debt load relative to revenue than 59% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

37th percentile

-1.2%

Higher net margin than 37% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

66th percentile

$96,804

Higher top officer pay than 66% of similar nonprofits.

Top officer pay equals 5.7% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

58th percentile

7.8%

Faster asset growth than 58% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

63rd percentile

16%

Faster revenue growth than 63% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets80th percentile

Assets

Up

$611,190

Up $44,145 (+7.8%) from 2022

Net Assets

Down

$368,286

Down $24,755 (-6.3%) from 2022

Liabilities

Up

$242,904

Up $68,900 (+40%) from 2022

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin37th percentile

Revenue

Up

$1,711,387

Up $238,139 (+16%) from 2022

Expenses

Up

$1,732,520

Up $198,623 (+13%) from 2022

Net Income

Up

-$21,133

Up $39,516 (+65%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth58th percentile

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

2023

Assets$611,190
Liabilities$242,904
Net Assets$368,286
Open 2023 Filing

Operations Trend

Revenue Growth63rd percentile

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

2023

Revenue$1,711,387
Expenses$1,732,520
Net Income-$21,133
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Mar 4, 2024
Return Version
2022v5.0
Gross Receipts
$1,711,387
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$391,250$368,584▼ $22,666
Cash and Non-Interest-Bearing Accounts$165,834$108,765▼ $57,069
Pledges and Grants Receivable$8,434$8,300▼ $134
Prepaid Expenses and Deferred Charges$1,526$1,316▼ $210
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$567,045$611,190▲ $44,145
Other Assets Total$1$124,225▲ $124,224
Liabilities
Other Liabilities-$126,298-
Accounts Payable and Accrued Expenses$174,004$116,606▼ $57,398
Total Liabilities$174,004$242,904▲ $68,900
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$393,041$368,286▼ $24,755
Total Net Assets Fund Balance$393,041$368,286▼ $24,755
Total Liabilities and Net Assets / Fund Balance$567,045$611,190▲ $44,145

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$368,584$476,620-
Other Assets Org$124,225--
Compensation and Service Providers
Top Officer Pay66th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Maria Lopez VillasenorExecutive DirecFT$96,804$96,804

Board Members and Trustees

NameTitle
Gloria RichardPresident
Linda EarleywineVice President
Luis MaganaDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$1,711,387
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$106
Change in Net Assets
$-21,133

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,711,387
Revenue Not Reported on Form 990
$76,694
Total Revenue per Audited Statements
$1,788,081
Total Revenue per Form 990
$1,711,387
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,193,538
Other Expenses$538,982
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$780,766$118,902-$899,668
Occupancy$122,499$2,255-$124,754
Payroll Taxes$106,324$17,135-$123,459
Current Officers, Directors, Trustees, and Key Employees$77,986$19,497-$97,483
Depreciation Depletion$92,008--$92,008
Other Employee Benefits$62,806$10,122-$72,928
Fees for Services Accounting-$40,757-$40,757
All Other Expenses$26,428$563-$26,991
Travel$20,604$200-$20,804
Other Expenses$14,578$31-$14,578
Insurance$4,191$130-$4,321
Interest-$3,979-$3,979
Total Functional Expenses$1,516,367$216,153$0$1,732,520

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,809,214
Expenses per Audited Statements$1,732,520
Total Expenses per Form 990$1,732,520
Expenses Not Reported on Form 990$76,694
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
Operating lease short term$96,195
Operating lease long term$30,103
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, Section B, Line 11B

“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, Section B, Line 12C

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

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

“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, Section B, Line 15B

“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, Section C, Line 19

“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 Lopez Villasenor
Title
Executive Director
Signed
2024-03-04
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
Robert J Sikma
Phone
8159331771
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Adoption of FASB Topic 842 = -$3622”

Raw XML AppendixShowing 400 of 407 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.

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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01259645
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01241777
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt07019040
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0106
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0130
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt010
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0246
IRS990ScheduleA/PublicOrganization170Ind0X
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IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt07019040
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01333219
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01259645
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01241777
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt07019040
IRS990ScheduleA/TotalSupportAmt07019286
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IRS990ScheduleD/DonatedServicesUseFcltsAmt076694
IRS990ScheduleD/EquipmentGrp/BookValueAmt0368584
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0476620
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0845204
IRS990ScheduleD/ExpensesNotReportedAmt076694
IRS990ScheduleD/ExpensesSubtotalAmt01732520
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0124225
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Operating lease - right of use
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt030103
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt196195
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Operating lease long term
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Operating lease short term
IRS990ScheduleD/RevenueNotReportedAmt076694
IRS990ScheduleD/RevenueSubtotalAmt01711387
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0368584
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0124225
IRS990ScheduleD/TotalExpensesPerForm990Amt01732520
IRS990ScheduleD/TotalLiabilityAmt0126298
IRS990ScheduleD/TotalRevenuePerForm990Amt01711387
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01788081
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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/ExplanationTxt5Adoption of FASB Topic 842 = -$3622
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 B, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part XI, Line 9
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IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalEmployeeCnt046
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01516367
IRS990/TotalFunctionalExpensesGrp/TotalAmt01732520
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0174004
IRS990/TotalLiabilitiesEOYAmt0242904
IRS990/TotalLiabilitiesGrp/BOYAmt0174004
IRS990/TotalLiabilitiesGrp/EOYAmt0242904
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0393041
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0368286
IRS990/TotalProgramServiceExpensesAmt01516367
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt096804
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01711387
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0567045
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0611190
IRS990/TravelGrp/ManagementAndGeneralAmt0200
IRS990/TravelGrp/ProgramServicesAmt020604
IRS990/TravelGrp/TotalAmt020804
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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 Lopez Villasenor
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-03-04
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/IRSResponsiblePrtyInfoCurrInd0true
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/PreparerPersonNm0Robert J Sikma

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$611,190
Liabilities
$242,904
Net assets
$368,286
Revenue
$1,711,387
Expenses
$1,732,520
Net income
-$21,133
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.61$0.29$0.32$1.73$1.78$0.04
2023Detailed filing. Detailed filing data is available for this year.$0.61$0.24$0.37$1.71$1.73$0.02
2022Detailed filing. Detailed filing data is available for this year.$0.57$0.17$0.39$1.47$1.53$0.06
2021Detailed filing. Detailed filing data is available for this year.$0.68$0.23$0.45$1.33$1.26$0.08
2020Detailed filing. Detailed filing data is available for this year.$0.47$0.09$0.38$1.26$1.26$0.00
2019Detailed filing. Detailed filing data is available for this year.$0.61$0.24$0.37$1.24$1.08$0.16
2018Detailed filing. Detailed filing data is available for this year.$0.36$0.15$0.21$1.04$1.05$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.46$0.24$0.23$1.04$1.00$0.04
2016Detailed filing. Detailed filing data is available for this year.$0.24$0.05$0.19$0.92$0.93$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.27$0.06$0.21$1.03$1.02$0.01