Civic Intelligence

Rainbow Research Inc.

990 • Fiscal year 2023 • EIN 41-1326460

Jul 01, 2022 to Jun 30, 2023 • Filed on Feb 13, 2024

PO Box 120759St Paul, MN 55112

(612) 824-0724

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.27x

Higher debt load relative to assets than 73% 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

71st percentile

17%

Higher net margin than 71% of similar nonprofits.

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

Top Officer Pay

79th percentile

$132,680

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 7.6% of source-year revenue.

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

Asset Growth

90th percentile

56%

Faster asset growth than 90% of similar nonprofits.

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

Revenue Growth

89th percentile

79%

Faster revenue growth than 89% of similar nonprofits.

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

Assets

Up

$928,246

Up $332,899 (+56%) from 2022

Net Assets

Up

$677,398

Up $297,453 (+78%) from 2022

Liabilities

Up

$250,848

Up $35,446 (+16%) from 2022

Revenue

Up

$1,745,164

Up $767,604 (+79%) from 2022

Expenses

Up

$1,447,711

Up $483,046 (+50%) from 2022

Net Income

Up

$297,453

Up $284,558 (+2207%) from 2022

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0-$500KAssets 2010: $287,773Liabilities 2010: $88,733Net Assets 2010: $199,0402010Assets 2011: $374,297Liabilities 2011: $91,998Net Assets 2011: $282,2992011Assets 2012: $478,298Liabilities 2012: $80,503Net Assets 2012: $397,7952012Assets 2013: $479,867Liabilities 2013: $84,575Net Assets 2013: $395,2922013Assets 2014: $337,234Liabilities 2014: $123,505Net Assets 2014: $213,7292014Assets 2015: $253,588Liabilities 2015: $124,046Net Assets 2015: $129,5422015Assets 2016: $193,265Liabilities 2016: $101,710Net Assets 2016: $91,5552016Assets 2017: $242,184Liabilities 2017: $94,940Net Assets 2017: $147,2442017Assets 2018: $211,665Liabilities 2018: $108,004Net Assets 2018: $103,6612018Assets 2019: $178,326Liabilities 2019: $75,149Net Assets 2019: $103,1772019Assets 2020: $502,856Liabilities 2020: $299,685Net Assets 2020: $203,1712020Assets 2021: $556,561Liabilities 2021: $189,511Net Assets 2021: $367,0502021Assets 2022: $595,347Liabilities 2022: $215,402Net Assets 2022: $379,9452022Assets 2023: $928,246Liabilities 2023: $250,848Net Assets 2023: $677,3982023Assets 2024: $128,752Liabilities 2024: $233,635Net Assets 2024: -$104,8832024

Highlighted filing

2023

Assets$928,246
Liabilities$250,848
Net Assets$677,398

Operations Trend

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

$2.0M$1.0M$0-$1.0MExpenses 2010: $718,7262010Expenses 2011: $895,6382011Revenue 2012: $1,071,308Expenses 2012: $955,812Net Income 2012: $115,4962012Revenue 2013: $1,004,485Expenses 2013: $1,006,988Net Income 2013: -$2,5032013Revenue 2014: $674,649Expenses 2014: $856,212Net Income 2014: -$181,5632014Revenue 2015: $659,726Expenses 2015: $743,913Net Income 2015: -$84,1872015Revenue 2016: $685,059Expenses 2016: $733,902Net Income 2016: -$48,8432016Revenue 2017: $744,835Expenses 2017: $689,146Net Income 2017: $55,6892017Revenue 2018: $684,227Expenses 2018: $727,095Net Income 2018: -$42,8682018Revenue 2019: $781,824Expenses 2019: $782,308Net Income 2019: -$4842019Revenue 2020: $859,425Expenses 2020: $759,431Net Income 2020: $99,9942020Revenue 2021: $881,035Expenses 2021: $717,156Net Income 2021: $163,8792021Revenue 2022: $977,560Expenses 2022: $964,665Net Income 2022: $12,8952022Revenue 2023: $1,745,164Expenses 2023: $1,447,711Net Income 2023: $297,4532023Revenue 2024: $553,993Expenses 2024: $1,336,274Net Income 2024: -$782,2812024

Highlighted filing

2023

Revenue$1,745,164
Expenses$1,447,711
Net Income$297,453
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Feb 13, 2024
Return Version
2022v5.0
Gross Receipts
$1,745,164
Mission and Program Overview

Mission

Support of nonprofit organizations, government agencies, private foundations, and public charities is provided via program evaluation, capacity building, and program services, in specific areas of focus - community development, education, social action, family and public health education, neighborhood revitalization, and the arts. Developed to discover effective program designs and practices specific to communities and constituencies served by the project being studied. Reports are available to the public.

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$107,697$317,239▲ $209,542
Accounts Receivable$283,296$300,240▲ $16,944
Savings and Temporary Cash Investments$186,754$294,153▲ $107,399
Land, Buildings, and Equipment, Net$986--
Total Assets$595,347$928,246▲ $332,899
Other Assets Total$16,614$16,614→ $0
Liabilities
Accounts Payable and Accrued Expenses$91,687$134,162▲ $42,475
Mortgage Notes Payable Secured by Investment Property$119,777$116,686▼ $3,091
Deferred Revenue$3,938--
Total Liabilities$215,402$250,848▲ $35,446
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$379,945$677,398▲ $297,453
Total Net Assets Fund Balance$379,945$677,398▲ $297,453
Total Liabilities and Net Assets / Fund Balance$595,347$928,246▲ $332,899
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Samuel GrantPres & Exec DirectorFT$132,680$132,680

Board Members and Trustees

NameTitle
Stephanie PetersonBoard Chair
Nina LeithBoard Member
Rogeair PurnellBoard Member
Terry JanisBoard Member
Tom EcksteinTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$93
Program Service Revenue
$1,742,450
Investment Income
$2,566
Other Revenue
$55
All Other Contributions
$93
Change in Net Assets
$297,453

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,745,164
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,745,164
Total Revenue per Form 990
$1,745,164
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$811,369
Other Expenses$636,342
Total Fundraising Expense$69,240
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$283,278$257,026$43,685$583,989
Fees for Services Other$367,156$8,100-$375,256
Current Officers, Directors, Trustees, and Key Employees$64,184$58,236$9,898$132,318
Occupancy$45,522$41,626$6,974$94,122
Fees for Services Accounting-$52,040-$52,040
Payroll Taxes$24,207$21,962$3,732$49,901
Other Employee Benefits$21,907$19,876$3,378$45,161
Travel$40,455--$40,455
Office Expenses$6,147$5,595$917$12,659
Insurance$7,238$702$119$8,059
Interest-$3,301-$3,301
Depreciation Depletion$478$434$74$986
Other Expenses$1,268$327$195$327
Total Functional Expenses$906,521$471,950$69,240$1,447,711

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,447,711
Total Expenses per Audited Statements$1,447,711
Total Expenses per Form 990$1,447,711
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
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 A, Line 8B

No committees have authority to act on behalf of the board.

Form 990, Part VI, Section B, Line 11B

The finance manager and executive director distribute a draft of the form 990 electronically to all board members and solicits feedback. At the following board meeting, the form 990 is discussed, and once all questions and comments are resolved, the return is informally approved for filing.

Form 990, Part VI, Section B, Line 12C

Annually the board of directors discusses if there are any matters that may result in a conflict of interest. All board members complete a written conflict of interest form, which is retained by the executive director.

Form 990, Part VI, Section B, Line 15

The board of directors reviews and approves the compensation of the executive director. This review was last performed august 2021.

Form 990, Part VI, Section C, Line 19

Documents are made available upon request.

Filing and Contact Details

Filer

Filer Name
Rainbow Research Inc
EIN
41-1326460
Phone
6128240724
Address
PO BOX 120759, ST PAUL, MN 55112

Signing Officer

Name
Samuel Grant
Title
Executive Director
Phone
6128240724
Signed
2024-02-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Samuel Grant
Formed
1974
Legal Domicile
Mn
Voting Board Members
5
Independent Board Members
5
Employees
10
Volunteers
5

Preparer

Firm
Sdk CPA
Address
100 WASHINGTON AVE S STE 1600, MINNEAPOLIS, MN 55401
Preparer
Wendy Harden CPA
Phone
6123325500
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1

To improve the effectiveness of socially concerned organizations through capacity building, research, assessment, and evaluation.

Form 990, Part III, Line 1

Rainbow research is a transformative research, evaluation and capacity-building firm that works toward amplifying the voices of marginalized people and disrupt systems of oppression to contribute to a world in which all people have the freedom to thrive.

Form 990, Part IX, Line 11G

Consultant fees: program service expenses 367,156. Management and general expenses 8,100. Fundraising expenses 0. Total expenses 375,256.

FORM 990, PART XII, LINE 2C:

The organization did not change their oversight or selection processes.

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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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IRS990/QuidProQuoContributionsInd00
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IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
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IRS990/SavingsAndTempCashInvstGrp/BOYAmt0186754
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0294153
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0880584
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0859326
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0779786
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0427
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0106
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0106
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IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt01783
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IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99890
IRS990ScheduleA/PublicSupportPY509Pct00.99920
IRS990ScheduleA/PublicSupportTotal509Amt05239393
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0859326
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0859515
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IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
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IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01745164
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt01447711
IRS990ScheduleD/TotalRevenuePerForm990Amt01745164
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IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01447711
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO IMPROVE THE EFFECTIVENESS OF SOCIALLY CONCERNED ORGANIZATIONS THROUGH CAPACITY BUILDING, RESEARCH, ASSESSMENT, AND EVALUATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1RAINBOW RESEARCH IS A TRANSFORMATIVE RESEARCH, EVALUATION AND CAPACITY-BUILDING FIRM THAT WORKS TOWARD AMPLIFYING THE VOICES OF MARGINALIZED PEOPLE AND DISRUPT SYSTEMS OF OPPRESSION TO CONTRIBUTE TO A WORLD IN WHICH ALL PEOPLE HAVE THE FREEDOM TO THRIVE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO COMMITTEES HAVE AUTHORITY TO ACT ON BEHALF OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FINANCE MANAGER AND EXECUTIVE DIRECTOR DISTRIBUTE A DRAFT OF THE FORM 990 ELECTRONICALLY TO ALL BOARD MEMBERS AND SOLICITS FEEDBACK. AT THE FOLLOWING BOARD MEETING, THE FORM 990 IS DISCUSSED, AND ONCE ALL QUESTIONS AND COMMENTS ARE RESOLVED, THE RETURN IS INFORMALLY APPROVED FOR FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ANNUALLY THE BOARD OF DIRECTORS DISCUSSES IF THERE ARE ANY MATTERS THAT MAY RESULT IN A CONFLICT OF INTEREST. ALL BOARD MEMBERS COMPLETE A WRITTEN CONFLICT OF INTEREST FORM, WHICH IS RETAINED BY THE EXECUTIVE DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE COMPENSATION OF THE EXECUTIVE DIRECTOR. THIS REVIEW WAS LAST PERFORMED AUGUST 2021.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7CONSULTANT FEES: PROGRAM SERVICE EXPENSES 367,156. MANAGEMENT AND GENERAL EXPENSES 8,100. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 375,256.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE ORGANIZATION DID NOT CHANGE THEIR OVERSIGHT OR SELECTION PROCESSES.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART I, LINE 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART III, LINE 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XII, LINE 2C:
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IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesGrp/BOYAmt0215402
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IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0379945
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0677398
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0906521
IRS990/TotalProgramServiceRevenueAmt01742450
IRS990/TotalReportableCompFromOrgAmt0132680
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01742505
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01745164
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0595347
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0928246
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt040455
IRS990/TravelGrp/TotalAmt040455
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 120759
IRS990/USAddress/CityNm0ST PAUL
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IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.RAINBOWRESEARCH.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.13$0.23$0.10$0.55$1.34$0.78
2023Detailed filing. Detailed filing data is available for this year.$0.93$0.25$0.68$1.75$1.45$0.30
2022Detailed filing. Detailed filing data is available for this year.$0.60$0.22$0.38$0.98$0.96$0.01
2021Detailed filing. Detailed filing data is available for this year.$0.56$0.19$0.37$0.88$0.72$0.16
2020Detailed filing. Detailed filing data is available for this year.$0.50$0.30$0.20$0.86$0.76$0.10
2019Detailed filing. Detailed filing data is available for this year.$0.18$0.08$0.10$0.78$0.78$0.00
2018Detailed filing. Detailed filing data is available for this year.$0.21$0.11$0.10$0.68$0.73$0.04
2017Detailed filing. Detailed filing data is available for this year.$0.24$0.09$0.15$0.74$0.69$0.06
2016Detailed filing. Detailed filing data is available for this year.$0.19$0.10$0.09$0.69$0.73$0.05
2015Detailed filing. Detailed filing data is available for this year.$0.25$0.12$0.13$0.66$0.74$0.08
2014Detailed filing. Detailed filing data is available for this year.$0.34$0.12$0.21$0.67$0.86$0.18
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.48$0.08$0.40$1.00$1.01$0.00
2012Summary only. Only limited summary data is available for this year.$0.48$0.08$0.40$1.07$0.96$0.12
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.37$0.09$0.28$0.90
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.29$0.09$0.20$0.72