Civic Intelligence

Rainbow Access Initiative Inc.

990 • Fiscal year 2023 • EIN 41-2148602

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 14, 2024

Organization ProfileWWW.PRISMALBANY.ORG
10 Colvin Avenue Suite 106Albany, NY 12206

(518) 801-2521

Siviq Scores

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

Liabilities / Assets

76th percentile

0.10x

Higher debt load relative to assets than 76% of similar nonprofits.

2023 filings • NTEE E • <$500k nonprofits • Source year 2023

Liabilities / Revenue

72nd percentile

0.03x

Higher debt load relative to revenue than 72% of similar nonprofits.

2023 filings • NTEE E • <$500k nonprofits • Source year 2023

Net Margin

68th percentile

23%

Higher net margin than 68% of similar nonprofits.

2023 filings • NTEE E • <$500k nonprofits • Source year 2023

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

2023 filings • NTEE E • <$500k nonprofits • Source year 2023

Asset Growth

96th percentile

215%

Faster asset growth than 96% of similar nonprofits.

2023 filings • NTEE E • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

96th percentile

409%

Faster revenue growth than 96% of similar nonprofits.

2023 filings • NTEE E • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets76th percentile

Assets

Up

$116,070

Up $79,200 (+215%) from 2022

Net Assets

Up

$104,725

Up $67,855 (+184%) from 2022

Liabilities

Up

$11,345

Up $11,345 from 2022

Revenue And Expenses
Liabilities / Revenue72nd percentileNet Margin68th percentile

Revenue

Up

$343,430

Up $275,925 (+409%) from 2022

Expenses

Up

$263,433

Up $191,142 (+264%) from 2022

Net Income

Up

$79,997

Up $84,783 (+1771%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth96th percentile

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

$150K$100K$50K$0Assets 2018: $7,827Liabilities 2018: $0Net Assets 2018: $7,8272018Assets 2021: $41,656Liabilities 2021: $0Net Assets 2021: $41,6562021Assets 2022: $36,870Liabilities 2022: $0Net Assets 2022: $36,8702022Assets 2023: $116,070Liabilities 2023: $11,345Net Assets 2023: $104,7252023Assets 2024: $120,989Liabilities 2024: $33,127Net Assets 2024: $87,8622024

Highlighted filing

2023

Assets$116,070
Liabilities$11,345
Net Assets$104,725
Open 2023 Filing

Operations Trend

Revenue Growth96th percentile

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

$800K$600K$400K$200K$0-$200KRevenue 2018: $11,123Expenses 2018: $6,085Net Income 2018: $5,0382018Revenue 2021: $81,616Expenses 2021: $63,459Net Income 2021: $18,1572021Revenue 2022: $67,505Expenses 2022: $72,291Net Income 2022: -$4,7862022Revenue 2023: $343,430Expenses 2023: $263,433Net Income 2023: $79,9972023Revenue 2024: $747,486Expenses 2024: $764,919Net Income 2024: -$17,4332024

Highlighted filing

2023

Revenue$343,430
Expenses$263,433
Net Income$79,997
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 14, 2024
Return Version
2023v5.1
Gross Receipts
$343,430
Mission and Program Overview

Mission

RAI provides free and low cost mental health counseling and case management services to poor, distressed, and underprivileged clients.

Prism counseling and advocacy was established to ensure that comprehensive, accessible, and culturally appropriate mental and physical health care are provided to lesbian, gay, bisexual, transgender, and queer (lgbtq+) people, families, and communities of the capital region.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$36,570$116,070▲ $79,500
Total Assets$36,870$116,070▲ $79,200
Other Assets Total$300--
Liabilities
Unsecured Notes Loans Payable-$11,345-
Total Liabilities$0$11,345▲ $11,345
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$36,870$104,725▲ $67,855
Total Net Assets Fund Balance$36,870$104,725▲ $67,855
Total Liabilities and Net Assets / Fund Balance$36,870$116,070▲ $79,200
Compensation and Service Providers
Top Officer Pay81st percentile

Board Members and Trustees

NameTitle
Acey MercerPresident
Arelene LevVice President
Brian FarrMember
Teri WilhelmMember
Jeremy BoyceSecretary
Marina FranchildTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$252,461
Program Service Revenue
$90,969
Investment Income
$0
Other Revenue
$0
All Other Contributions
$4,830
Change in Net Assets
$79,997
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$156,745
Salaries, Compensation, and Employee Benefits$106,688
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$89,065$1,270-$90,335
Occupancy$40,621$579-$41,200
Payroll Taxes$8,267$118-$8,385
Other Employee Benefits$7,856$112-$7,968
Information Technology$6,262$89-$6,351
Advertising$4,851$69-$4,920
Office Expenses$3,547$51-$3,598
Insurance$3,060$44-$3,104
All Other Expenses$2,637$10-$2,647
Other Expenses$974$1,029-$2,003
Total Functional Expenses$260,062$3,371$0$263,433
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
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
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
No
Other officer compensation reviewed
No
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 form 990 is reviewed by the borad of directors before it is filed.”

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

“Prior to initial election, all incoming directors of the board shall sign and submit to the board secretary, or their designee, a conflict of interest disclosure statement, and annually thereafter upon election. The board secretary shall send copies of the conflict of interest disclosure statement to the board president, and forward all originally completed conflict of interest disclosure statements to the director of relations. The board secretary shall maintain a record of all conflicts of interest disclosures. All employees will complete a conflict of interest disclosure statement upon employment to report any potential conflict of interest and any time a potential conflict arises.”

Form 990, Part VI, Section C, Line 19

“Availability to public of governing documents, conflict of interst policy and financial statements: these documents are provided upon request.”

Filing and Contact Details

Filer

Filer Name
Rainbow Access Initiative Inc
EIN
41-2148602
Phone
5188012521
Address
10 COLVIN AVENUE SUITE 106, ALBANY, NY 12206
Doing Business As
Prism Counseling and Advocacy

Signing Officer

Name
Acey Mercer
Title
President
Phone
5188012521
Signed
2024-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Acey Mercer
Formed
2019
Legal Domicile
Ny
Voting Board Members
6
Independent Board Members
6
Employees
4
Volunteers
2

Preparer

Firm
Lutz Selig & Zeronda Cpas Llp
Address
33 CENTURY HILL DRIVE, LATHAM, NY 12110-2113
Preparer
Mary E Mackrell CPA
Phone
5187837200
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Sba loan not recorded -12,142.”

FORM 990, PART XII, LINE 1:

“Modified cash basis of accounting”

Financial Statement Notes

Part X, Line 25

“The organization is exempt from federal income tax under sevtion 501(c)(3) of the internal revenue code; therefore, no provision is made for the current or deferred tax expense. The organization uses the same accounting methods for income tax and financial reporting. Newly effective accounting standards prescribe a recognition threshold and measurement attribute for the financial statement recognition and meansurement of a tax position taken or expected to be taken in a tax return. These standards also provide guidance on a de-recognition of tax benefits, classification on the balance sheet, interest and penalties, accounting in interim periods, disclosure and transition. The organixation has evaluated any uncertain tax provisions and related income tax contingencies and determined uncertain positions, if any, are not material to the financial statements. Penalities and interest assessed by income tax authorities are included in operating expenses, if incurred. The organization is no longer subject to examination by federal and state taxing authorities for years prior to de3cenber 31, 2020.”

Raw XML Appendix340 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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SEVTION 501(C)(3) OF THE INTERNAL REVENUE CODE; THEREFORE, NO PROVISION IS MADE FOR THE CURRENT OR DEFERRED TAX EXPENSE. THE ORGANIZATION USES THE SAME ACCOUNTING METHODS FOR INCOME TAX AND FINANCIAL REPORTING. NEWLY EFFECTIVE ACCOUNTING STANDARDS PRESCRIBE A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEANSUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THESE STANDARDS ALSO PROVIDE GUIDANCE ON A DE-RECOGNITION OF TAX BENEFITS, CLASSIFICATION ON THE BALANCE SHEET, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. THE ORGANIXATION HAS EVALUATED ANY UNCERTAIN TAX PROVISIONS AND RELATED INCOME TAX CONTINGENCIES AND DETERMINED UNCERTAIN POSITIONS, IF ANY, ARE NOT MATERIAL TO THE FINANCIAL STATEMENTS. PENALITIES AND INTEREST ASSESSED BY INCOME TAX AUTHORITIES ARE INCLUDED IN OPERATING EXPENSES, IF INCURRED. THE ORGANIZATION IS NO LONGER SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES FOR YEARS PRIOR TO DE3CENBER 31, 2020.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS REVIEWED BY THE BORAD OF DIRECTORS BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PRIOR TO INITIAL ELECTION, ALL INCOMING DIRECTORS OF THE BOARD SHALL SIGN AND SUBMIT TO THE BOARD SECRETARY, OR THEIR DESIGNEE, A CONFLICT OF INTEREST DISCLOSURE STATEMENT, AND ANNUALLY THEREAFTER UPON ELECTION. THE BOARD SECRETARY SHALL SEND COPIES OF THE CONFLICT OF INTEREST DISCLOSURE STATEMENT TO THE BOARD PRESIDENT, AND FORWARD ALL ORIGINALLY COMPLETED CONFLICT OF INTEREST DISCLOSURE STATEMENTS TO THE DIRECTOR OF RELATIONS. THE BOARD SECRETARY SHALL MAINTAIN A RECORD OF ALL CONFLICTS OF INTEREST DISCLOSURES. ALL EMPLOYEES WILL COMPLETE A CONFLICT OF INTEREST DISCLOSURE STATEMENT UPON EMPLOYMENT TO REPORT ANY POTENTIAL CONFLICT OF INTEREST AND ANY TIME A POTENTIAL CONFLICT ARISES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AVAILABILITY TO PUBLIC OF GOVERNING DOCUMENTS, CONFLICT OF INTERST POLICY AND FINANCIAL STATEMENTS: THESE DOCUMENTS ARE PROVIDED UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3SBA LOAN NOT RECORDED -12,142.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4MODIFIED CASH BASIS OF ACCOUNTING
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 C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 1:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt036870
IRS990/TotalAssetsEOYAmt0116070
IRS990/TotalAssetsGrp/BOYAmt036870
IRS990/TotalAssetsGrp/EOYAmt0116070
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0252461
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt03371
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0260062
IRS990/TotalFunctionalExpensesGrp/TotalAmt0263433
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt011345
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt011345
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt036870
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0104725
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0260062
IRS990/TotalProgramServiceRevenueAmt090969
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt090969
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0343430
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt02
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt036870
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0116070
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt011345
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt010 COLVIN AVENUE SUITE 106
IRS990/USAddress/CityNm0ALBANY
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd012206
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.PRISMALBANY.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ACEY MERCER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05188012521
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0RAINBOW ACCESS INITIATIVE INC
ReturnHeader/Filer/BusinessNameControlTxt0RAIN
ReturnHeader/Filer/EIN0412148602
ReturnHeader/Filer/PhoneNum05188012521
ReturnHeader/Filer/USAddress/AddressLine1Txt010 COLVIN AVENUE SUITE 106
ReturnHeader/Filer/USAddress/CityNm0ALBANY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd012206
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0141745230
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LUTZ SELIG & ZERONDA CPAS LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt033 CENTURY HILL DRIVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LATHAM
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0121102113
ReturnHeader/PreparerPersonGrp/PhoneNum05187837200
ReturnHeader/PreparerPersonGrp/PreparationDt02024-11-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARY E MACKRELL CPA
ReturnHeader/ReturnTs02024-11-15T08:33:34-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$116,070
Liabilities
$11,345
Net assets
$104,725
Revenue
$343,430
Expenses
$263,433
Net income
$79,997
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.21$0.33$0.88$7.47$7.65$0.17
2023Detailed filing. Detailed filing data is available for this year.$1.16$0.11$1.05$3.43$2.63$0.80
2022Detailed filing. Detailed filing data is available for this year.$0.37$0.00$0.37$0.68$0.72$0.05
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.42$0.00$0.42$0.82$0.63$0.18
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.08$0.00$0.08$0.11$0.06$0.05