Civic Intelligence

Rainbow Learning Enrichment Nfp

990 • Fiscal year 2024 • EIN 26-4059542

Jul 01, 2023 to Jun 30, 2024 • Filed on Feb 24, 2025

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

83rd percentile

0.47x

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

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

63rd percentile

0.17x

Higher debt load relative to revenue than 63% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

33rd percentile

-2.5%

Higher net margin than 33% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

65th percentile

$97,755

Higher top officer pay than 65% of similar nonprofits.

Top officer pay equals 5.6% of source-year revenue.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

38th percentile

0.4%

Faster asset growth than 38% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

37th percentile

1.2%

Faster revenue growth than 37% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets83rd percentile

Assets

Up

$613,734

Up $2,544 (+0.4%) from 2023

Net Assets

Down

$324,578

Down $43,708 (-12%) from 2023

Liabilities

Up

$289,156

Up $46,252 (+19%) from 2023

Revenue And Expenses
Liabilities / Revenue63rd percentileNet Margin33rd percentile

Revenue

Up

$1,732,011

Up $20,624 (+1.2%) from 2023

Expenses

Up

$1,775,719

Up $43,199 (+2.5%) from 2023

Net Income

Down

-$43,708

Down $22,575 (-107%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth38th 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

2024

Assets$613,734
Liabilities$289,156
Net Assets$324,578
Open 2024 Filing

Operations Trend

Revenue Growth37th 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

2024

Revenue$1,732,011
Expenses$1,775,719
Net Income-$43,708
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Feb 24, 2025
Return Version
2023v6.0
Gross Receipts
$1,732,011
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$368,584$330,000▼ $38,584
Cash and Non-Interest-Bearing Accounts$108,765$157,934▲ $49,169
Pledges and Grants Receivable$8,300$11,563▲ $3,263
Prepaid Expenses and Deferred Charges$1,316$2,430▲ $1,114
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$611,190$613,734▲ $2,544
Other Assets Total$124,225$111,807▼ $12,418
Liabilities
Accounts Payable and Accrued Expenses$116,606$170,201▲ $53,595
Other Liabilities$126,298$118,955▼ $7,343
Total Liabilities$242,904$289,156▲ $46,252
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$368,286$324,578▼ $43,708
Total Net Assets Fund Balance$368,286$324,578▼ $43,708
Total Liabilities and Net Assets / Fund Balance$611,190$613,734▲ $2,544

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$330,000$547,220-
Other Assets Org$111,807--
Compensation and Service Providers
Top Officer Pay65th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Maria Lopez VillasenorExecutive DirecFT$97,755$97,755

Board Members and Trustees

NameTitle
Gloria RichardPresident
Linda EarleywineVice President
Luis MaganaDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$1,732,011
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-43,708

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,732,011
Revenue Not Reported on Form 990
$66,613
Total Revenue per Audited Statements
$1,798,624
Total Revenue per Form 990
$1,732,011
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,191,370
Other Expenses$584,349
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$765,779$123,832-$889,611
Occupancy$136,831$9,306-$146,137
Payroll Taxes$107,846$18,348-$126,194
Current Officers, Directors, Trustees, and Key Employees$80,746$20,187-$100,933
Depreciation Depletion$93,932--$93,932
Other Employee Benefits$63,781$10,851-$74,632
Fees for Services Accounting-$43,263-$43,263
All Other Expenses$37,332$709-$38,041
Travel$16,418$1,821-$18,239
Other Expenses$14,665$7-$14,672
Insurance$2,996$93-$3,089
Interest-$856-$856
Total Functional Expenses$1,543,851$231,868$0$1,775,719

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,842,332
Expenses per Audited Statements$1,775,719
Total Expenses per Form 990$1,775,719
Expenses Not Reported on Form 990$66,613
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$102,127
Operating lease long term$16,827
Rounding$1
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
2025-02-24
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
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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/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01259645
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt07509274
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt01
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0106
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0130
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt010
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0247
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt07509274
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01333219
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01259645
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IRS990ScheduleA/TotalSupportAmt07509521
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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IRS990ScheduleD/DonatedServicesUseFcltsAmt066613
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt0547220
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0877220
IRS990ScheduleD/ExpensesNotReportedAmt066613
IRS990ScheduleD/ExpensesSubtotalAmt01775719
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0111807
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Operating lease - right of use
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt016827
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1102127
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt21
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Rounding
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IRS990ScheduleD/RevenueSubtotalAmt01732011
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0330000
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0111807
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IRS990ScheduleD/TotalLiabilityAmt0118955
IRS990ScheduleD/TotalRevenuePerForm990Amt01732011
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01798624
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01842332
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IRS990/ScheduleORequiredInd0true
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, 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
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IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt0613734
IRS990/TotalAssetsGrp/BOYAmt0611190
IRS990/TotalAssetsGrp/EOYAmt0613734
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IRS990/TotalContributionsAmt01732011
IRS990/TotalEmployeeCnt046
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0231868
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01543851
IRS990/TotalFunctionalExpensesGrp/TotalAmt01775719
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0242904
IRS990/TotalLiabilitiesEOYAmt0289156
IRS990/TotalLiabilitiesGrp/BOYAmt0242904
IRS990/TotalLiabilitiesGrp/EOYAmt0289156
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0368286
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0324578
IRS990/TotalProgramServiceExpensesAmt01543851
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt097755
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01732011
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0611190
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0613734
IRS990/TravelGrp/ManagementAndGeneralAmt01821
IRS990/TravelGrp/ProgramServicesAmt016418
IRS990/TravelGrp/TotalAmt018239
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/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Maria Lopez Villasenor
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-02-24
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
ReturnHeader/ReturnTs02025-02-24T14:38:38-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$613,734
Liabilities
$289,156
Net assets
$324,578
Revenue
$1,732,011
Expenses
$1,775,719
Net income
-$43,708
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