Civic Intelligence

Rainbow Gymnastics Inc.

990EZ • Fiscal year 2022 • EIN 27-4553013

Sep 01, 2021 to Aug 31, 2022 • Filed on Jan 17, 2023

Organization Profile
PO Box 61Medford, WI 54451

(715) 785-5039

Siviq Scores

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

Liabilities / Assets

91st percentile

0.62x

Higher debt load relative to assets than 91% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

96th percentile

1.45x

Higher debt load relative to revenue than 96% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

61st percentile

12%

Higher net margin than 61% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

44th percentile

-1.0%

Faster asset growth than 44% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

64th percentile

28%

Faster revenue growth than 64% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets91st percentile

Assets

Down

$435,642

Down $4,549 (-1.0%) from 2021

Net Assets

Down

$163,665

Down $276,526 (-63%) from 2021

Liabilities

Up

$271,977

Up $271,977 from 2021

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin61st percentile

Revenue

Up

$187,627

Up $41,346 (+28%) from 2021

Expenses

Up

$165,089

Up $25,709 (+18%) from 2021

Net Income

Up

$22,538

Up $15,637 (+227%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth44th percentile

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

$600K$400K$200K$0Assets 2017: $473,202Liabilities 2017: $421,057Net Assets 2017: $52,1452017Assets 2019: $489,414Liabilities 2019: $357,293Net Assets 2019: $132,1212019Assets 2020: $433,290Liabilities 2020: $299,064Net Assets 2020: $134,2262020Assets 2021: $440,191Liabilities 2021: $0Net Assets 2021: $440,1912021Assets 2022: $435,642Liabilities 2022: $271,977Net Assets 2022: $163,6652022Assets 2025: $503,065Liabilities 2025: $195,858Net Assets 2025: $307,2072025

Highlighted filing

2022

Assets$435,642
Liabilities$271,977
Net Assets$163,665
Open 2022 Filing

Operations Trend

Revenue Growth64th percentile

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

$300K$200K$100K$0Revenue 2017: $135,724Expenses 2017: $83,579Net Income 2017: $52,1452017Revenue 2019: $237,614Expenses 2019: $202,451Net Income 2019: $35,1632019Revenue 2020: $152,852Expenses 2020: $150,747Net Income 2020: $2,1052020Revenue 2021: $146,281Expenses 2021: $139,380Net Income 2021: $6,9012021Revenue 2022: $187,627Expenses 2022: $165,089Net Income 2022: $22,5382022Revenue 2025: $249,445Expenses 2025: $206,789Net Income 2025: $42,6562025

Highlighted filing

2022

Revenue$187,627
Expenses$165,089
Net Income$22,538
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2021 to Aug 31, 2022
Signed
Jan 17, 2023
Return Version
2021v4.2
Gross Receipts
$188,150
Mission and Program Overview

Mission

Develop and promote gymnastics

Program Services

DescriptionGrantsExpenses
TO PROVIDE A POSITIVE ATMOSPHERE TO LEARN GYMNASTIC SKILLS AS WELL AS AN OPPORUNITY FOR THOSE INTERESTED TO COMPETE ROUTINES SET BY USA GYMNASTICS AND AAU GYMNASTICS--
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
LISA CARBAUGHBoard Member-$0--
DAVE KOESTERBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Rainbow Gymnastics Inc
EIN
27-4553013
Address
PO BOX 61, MEDFORD, WI 54451

Signing Officer

Name
Nancy Schaefer
Title
Officer
Phone
7157855039
Signed
2023-01-17
Discuss with paid preparer
Yes

Preparer

Firm
Mayer Associates
Address
349 N 8TH ST PO BOX 307, MEDFORD, WI 54451
Preparer
Darcie a Weissmiller Ea
Phone
7157484110
Supplemental Narrative

Additional Explanations

Description of other revenue Part I line 8

“Description amountrent 7,421employee retention credit 10,011”

Description of other expenses Part I line 16

“Description amountinterest 6,935payroll taxes 5,199insurance 9,442supplies 10,686dues 1,330advertising 977training 6,205home meet expense 8,912credit card processing fees 1,902coaching expense 868meet entry fees 6,033depreciatin form 4562 20,563”

Description of total liabilities Part II line 26

“Category beginning of year end of yearnote payable bank 179,772 162,685eidl 109,292 109,292”

Raw XML Appendix164 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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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1BOARD MEMBER
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherExpensesTotalAmt079052
IRS990EZ/OtherRevenueTotalAmt017432
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0DEVELOP AND PROMOTE GYMNASTICS
IRS990EZ/ProgramServiceRevenueAmt0168296
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0TO PROVIDE A POSITIVE ATMOSPHERE TO LEARN GYMNASTIC SKILLS AS WELL AS AN OPPORUNITY FOR THOSE INTERESTED TO COMPETE ROUTINES SET BY USA GYMNASTICS AND AAU GYMNASTICS
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt066906
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt025
IRS990EZ/SpecialEventsNetIncomeLossAmt029
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt0289064
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IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0165089
IRS990EZ/TotalProgramServiceExpensesAmt00
IRS990EZ/TotalRevenueAmt0187627
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt01744
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt069414
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IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0443
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0186348
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0142879
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0127420
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0832100
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt058
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IRS990ScheduleA/InvestmentIncomeCYPct00.00000
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IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
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IRS990ScheduleA/PublicSupportTotal509Amt0901514
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0191178
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0901957
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION AMOUNTRENT 7,421EMPLOYEE RETENTION CREDIT 10,011
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION AMOUNTINTEREST 6,935PAYROLL TAXES 5,199INSURANCE 9,442SUPPLIES 10,686DUES 1,330ADVERTISING 977TRAINING 6,205HOME MEET EXPENSE 8,912CREDIT CARD PROCESSING FEES 1,902COACHING EXPENSE 868MEET ENTRY FEES 6,033DEPRECIATIN FORM 4562 20,563
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CATEGORY BEGINNING OF YEAR END OF YEARNOTE PAYABLE BANK 179,772 162,685EIDL 109,292 109,292
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Description of other revenue Part I line 8
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Description of total liabilities Part II line 26
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ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0NANCY
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ReturnHeader/TaxPeriodBeginDt02021-09-01
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ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$435,642
Liabilities
$271,977
Net assets
$163,665
Revenue
$187,627
Expenses
$165,089
Net income
$22,538
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.03$1.96$3.07$2.49$2.07$0.43
2022Detailed filing. Detailed filing data is available for this year.$4.36$2.72$1.64$1.88$1.65$0.23
2021Detailed filing. Detailed filing data is available for this year.$4.40$0.00$4.40$1.46$1.39$0.07
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.33$2.99$1.34$1.53$1.51$0.02
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.89$3.57$1.32$2.38$2.02$0.35
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.73$4.21$0.52$1.36$0.84$0.52