Project Rainbow Inc.

990EZ • Fiscal year 2013 • EIN 38-3661167

Jan 01, 2013 to Dec 31, 2013 • Filed on Nov 09, 2014

Organization Profile N/A

1400 West 6 StreetBrooklyn, NY 11204

(718) 259-5600

Siviq Scores

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

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2013 filings • NTEE P • <$500k nonprofits • Source year 2013

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2013 filings • NTEE P • <$500k nonprofits • Source year 2013

-4.3%

Higher net margin than 30% of similar nonprofits.

2013 filings • NTEE P • <$500k nonprofits • Source year 2013

Higher top officer pay than 72% of similar nonprofits.

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

2013 filings • NTEE P • <$500k nonprofits • Source year 2013

-53%

Faster asset growth than 6% of similar nonprofits.

2013 filings • NTEE P • <$500k nonprofits • Annualized from 2012 to 2013

-44%

Faster revenue growth than 9% of similar nonprofits.

2013 filings • NTEE P • <$500k nonprofits • Annualized from 2012 to 2013

Balance Sheet

Liabilities / Assets47th percentile

Assets

Down

$3,154

Down $3,626 (-53%) from 2012

Net Assets

$3,154

No earlier filing loaded for comparison.

Liabilities

Flat

Flat from 2012

Revenue And Expenses

Liabilities / Revenue47th percentile Net Margin30th percentile

Revenue

Down

$83,682

Down $66,075 (-44%) from 2012

Expenses

Down

$87,308

Down $102,487 (-54%) from 2012

Net Income

-$3,626

Up $36,412 (+91%) from 2012

Historical Trend

Balance Sheet Trend

Asset Growth6th percentile

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

Highlighted filing

2013

Assets$3,154

Liabilities$0

Net Assets$3,154

Open 2013 Filing

Operations Trend

Revenue Growth9th percentile

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

Highlighted filing

2013

Revenue$83,682

Expenses$87,308

Net Income-$3,626

Open 2013 Filing

Jump To

Filing Snapshot

Filing Period: Jan 1, 2013 to Dec 31, 2013
Signed: Nov 9, 2014
Return Version: 2013v3.1
Gross Receipts: $83,682

Mission and Program Overview

Mission

Provides for children of the local community an after school program.

Program Services

Description	Grants	Expenses
Provides for children of the local community an after school program.	$83,820	$10,000

Compensation and Service Providers

Top Officer Pay72nd percentile

Employees

Name	Title	Full / Part Time	Base	Other	Total
Menachem Halberstam	President	-	$0	-	-
Yitzchok Ashkenazi	Vice President	-	$0	-	-
Chaim Waldman	Secretary	-	$0	-	-

Filing and Contact Details

Filer

EIN: 38-3661167
Phone: 7182595600

Signing Officer

Name: Chaim Waldman
Title: Secretary
Signed: 2014-11-09
Discuss with paid preparer: Yes

Preparer

Preparer: Yehuda Bunker
Phone: 7184384858

Supplemental Narrative

Additional Explanations

Grants and Similar Amounts Paid In Excess of $5,000.1

“Class of Activity: Education | Donee's Name: Elyon College | Donee's Address: 1400 West 6th Street Brooklyn, NY 11204 | Relationship of Donee: None | Cash Amount Given: $10000”

Other Expenses.1002

“Office Expenses $2388”

Other Expenses.1

“Educational Supplies $6760”

Other Assets.1

“- Beginning $853 - Ending $853”

Raw XML Appendix151 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
IRS990EZ/ActivitiesNotPreviouslyRptInd	0	false
IRS990EZ/BooksInCareOfDetail/PersonNm	0	Chaim Waldman
IRS990EZ/BooksInCareOfDetail/PhoneNum	0	7182595600
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1	0	1400 West 6 Street
IRS990EZ/BooksInCareOfDetail/USAddress/City	0	Brooklyn
IRS990EZ/BooksInCareOfDetail/USAddress/State	0	NY
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCode	0	11204
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt	0	5927
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt	0	2301
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd	0	false
IRS990EZ/CostOfGoodsSoldAmt	0	0
IRS990EZ/CostOrOtherBasisExpenseSaleAmt	0	0
IRS990EZ/DonorAdvisedFndsInd	0	false
IRS990EZ/EngagedInExcessBenefitTransInd	0	false
IRS990EZ/ExcessOrDeficitForYearAmt	0	-3626
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt	0	1100
IRS990EZ/FiledScheduleAInd	0	true
IRS990EZ/ForeignFinancialAccountInd	0	false
IRS990EZ/ForeignOfficeInd	0	false
IRS990EZ/Form1120PolFiledInd	0	false
IRS990EZ/Form720FiledInd	0	false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt	0	6780
IRS990EZ/Form990TotalAssetsGrp/EOYAmt	0	3154
IRS990EZ/FundraisingGrossIncomeAmt	0	0
IRS990EZ/GrantsAndSimilarAmountsPaidAmt	0	10000
IRS990EZ/GrossReceiptsAmt	0	83682
IRS990EZ/GrossReceiptsForPublicUseAmt	0	0
IRS990EZ/InfoInScheduleOPartIIInd	0	X
IRS990EZ/InfoInScheduleOPartIInd	0	X
IRS990EZ/InfoInScheduleOPartVInd	0	X
IRS990EZ/InitiationFeesAndCapContriAmt	0	0
IRS990EZ/LobbyingActivitiesInd	0	false
IRS990EZ/MadeLoansToFromOfficersInd	0	false
IRS990EZ/MethodOfAccountingCashInd	0	X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt	0	6780
IRS990EZ/NetAssetsOrFundBalancesEOYAmt	0	3154
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt	0	6780
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt	0	3154
IRS990EZ/OccupancyRentUtltsAndMaintAmt	0	6000
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	0	1.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	1	1.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	2	2.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	0	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	1	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	2	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	0	Menachem Halberstam
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	1	Yitzchok Ashkenazi
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	2	Chaim Waldman
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	0	President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	1	Vice President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	2	Secretary
IRS990EZ/OperateHospitalInd	0	false
IRS990EZ/Organization501c3Ind	0	X
IRS990EZ/OrganizationDissolvedEtcInd	0	false
IRS990EZ/OrganizationFiled990TInd	0	false
IRS990EZ/OrganizationHadUBIInd	0	false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt	0	853
IRS990EZ/OtherAssetsTotalDetail/EOYAmt	0	853
IRS990EZ/OtherExpensesTotalAmt	0	9148
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt	0	NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt	0	NONE
IRS990EZ/PoliticalCampaignActyInd	0	false
IRS990EZ/PrimaryExemptPurposeTxt	0	Provides for children of the local community an after school program.
IRS990EZ/ProgramServiceRevenueAmt	0	83682
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt	0	Provides for children of the local community an after school program.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt	0	83820
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt	0	10000
IRS990EZ/ProhibitedTaxShelterTransInd	0	false
IRS990EZ/RelatedOrganizationCtrlEntInd	0	false
IRS990EZ/RelatedOrgSect527OrgInd	0	false
IRS990EZ/SalariesOtherCompEmplBnftAmt	0	61060
IRS990EZ/ScheduleBNotRequiredInd	0	X
IRS990EZ/SchoolOperatingInd	0	false
IRS990EZ/SpecialEventsDirectExpensesAmt	0	0
IRS990EZ/SubjectToProxyTaxInd	0	false
IRS990EZ/TanningServicesProvidedInd	0	false
IRS990EZ/TotalExpensesAmt	0	87308
IRS990EZ/TotalProgramServiceExpensesAmt	0	83820
IRS990EZ/TotalRevenueAmt	0	83682
IRS990EZ/TransactionWithControlEntInd	0	false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd	0	false
IRS990EZ/WebsiteAddressTxt	0	N/A
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt	0	0
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt	0	5000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt	0	5000
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt	0	0
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt	0	0
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt	0	83682
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt	0	149757
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt	0	147800
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt	0	129462
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt	0	140490
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt	0	651191
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt	0	0
IRS990ScheduleA/InvestmentIncomeCYPct	0	0.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt	0	0
IRS990ScheduleA/OtherIncome509Grp/TotalAmt	0	0
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt	0	0
IRS990ScheduleA/PubliclySupportedOrg509a2Ind	0	X
IRS990ScheduleA/PublicSupportCY509Pct	0	1.00000
IRS990ScheduleA/PublicSupportPY509Pct	0	1.00000
IRS990ScheduleA/PublicSupportTotal509Amt	0	656191
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt	0	0
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt	0	0
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind	0	X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt	0	83682
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt	0	149757
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt	0	147800
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt	0	134462
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt	0	140490
IRS990ScheduleA/Total509Grp/TotalAmt	0	656191
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt	0	83682
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt	0	149757
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt	0	147800
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt	0	134462
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt	0	140490
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt	0	656191
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	0	Class of Activity: Education \| Donee's Name: Elyon College \| Donee's Address: 1400 West 6th Street Brooklyn, NY 11204 \| Relationship of Donee: None \| Cash Amount Given: $10000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	1	Office Expenses $2388
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	2	Educational Supplies $6760
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	3	- Beginning $853 - Ending $853
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	0	Grants and Similar Amounts Paid In Excess of $5,000.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	1	Other Expenses.1002
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	2	Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	3	Other Assets.1
ReturnHeader/BuildTS	0	2015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd	0	true
ReturnHeader/BusinessOfficerGrp/PersonNm	0	Chaim Waldman
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt	0	Secretary
ReturnHeader/BusinessOfficerGrp/SignatureDt	0	2014-11-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1	0	Project Rainbow Inc
ReturnHeader/Filer/BusinessNameControlTxt	0	PROJ
ReturnHeader/Filer/EIN	0	383661167
ReturnHeader/Filer/PhoneNum	0	7182595600
ReturnHeader/Filer/USAddress/AddressLine1	0	1400 West 6 Street
ReturnHeader/Filer/USAddress/City	0	Brooklyn
ReturnHeader/Filer/USAddress/State	0	NY
ReturnHeader/Filer/USAddress/ZIPCode	0	11204
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1	0	YEHUDA BUNKER CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1	0	1420 46TH ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City	0	BROOKLYN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State	0	NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode	0	112192632
ReturnHeader/PreparerPersonGrp/PhoneNum	0	7184384858
ReturnHeader/PreparerPersonGrp/PreparerPersonNm	0	Yehuda Bunker
ReturnHeader/PreparerPersonGrp/SelfEmployedInd	0	X
ReturnHeader/ReturnTs	0	2014-11-09T11:46:10-08:00
ReturnHeader/ReturnTypeCd	0	990EZ
ReturnHeader/TaxPeriodBeginDt	0	2013-01-01
ReturnHeader/TaxPeriodEndDt	0	2013-12-31
ReturnHeader/TaxYr	0	2013

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2013 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing

Assets: $3,154
Liabilities: $0
Net assets: $3,154
Revenue: $83,682
Expenses: $87,308
Net income: -$3,626

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2013Detailed filing. Detailed filing data is available for this year.	$0.03	$0.00	$0.03	$0.84	$0.87	$0.04
2012Summary only. Only limited summary data is available for this year.	$0.07	$0.00		$1.50	$1.90	$0.40
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.	$0.47		$0.47	$1.48	$1.25	$0.23
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.	$0.22		$0.22	$1.34	$1.30	$0.05