Civic Intelligence

Rainbow Soccer Ltd.

990 • Fiscal year 2016 • EIN 56-1030908

Jun 01, 2015 to May 31, 2016 • Filed on Jul 25, 2016

Organization Profilewww.rainbowsoccer.org
PO Box 3093Chapel Hill, NC 27515

(919) 967-8797

Siviq Scores

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

Liabilities / Assets

67th percentile

0.00x

Higher debt load relative to assets than 67% of similar nonprofits.

2016 filings • NTEE N • <$500k nonprofits • Source year 2016

Liabilities / Revenue

67th percentile

0.00x

Higher debt load relative to revenue than 67% of similar nonprofits.

2016 filings • NTEE N • <$500k nonprofits • Source year 2016

Net Margin

43rd percentile

0.5%

Higher net margin than 43% of similar nonprofits.

2016 filings • NTEE N • <$500k nonprofits • Source year 2016

Top Officer Pay

87th percentile

$0

Higher top officer pay than 87% of similar nonprofits.

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

2016 filings • NTEE N • <$500k nonprofits • Source year 2016

Asset Growth

32nd percentile

-6.5%

Faster asset growth than 32% of similar nonprofits.

2016 filings • NTEE N • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

70th percentile

14%

Faster revenue growth than 70% of similar nonprofits.

2016 filings • NTEE N • <$500k nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets67th percentile

Assets

Down

$302,272

Down $20,944 (-6.5%) from 2015

Net Assets

Up

$301,631

Up $1,673 (+0.6%) from 2015

Liabilities

Down

$641

Down $22,617 (-97%) from 2015

Revenue And Expenses
Liabilities / Revenue67th percentileNet Margin43rd percentile

Revenue

Up

$361,981

Up $44,298 (+14%) from 2015

Expenses

Up

$360,308

Up $21,372 (+6.3%) from 2015

Net Income

Up

$1,673

Up $22,926 (+108%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth32nd percentile

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

$600K$400K$200K$0Assets 2012: $295,352Liabilities 2012: $11,078Net Assets 2012: $284,2742012Assets 2013: $335,206Liabilities 2013: $7,363Net Assets 2013: $327,8432013Assets 2014: $333,640Liabilities 2014: $12,429Net Assets 2014: $321,2112014Assets 2015: $323,216Liabilities 2015: $23,258Net Assets 2015: $299,9582015Assets 2016: $302,272Liabilities 2016: $641Net Assets 2016: $301,6312016Assets 2017: $315,323Liabilities 2017: $12,971Net Assets 2017: $302,3522017Assets 2018: $297,062Liabilities 2018: $0Net Assets 2018: $297,0622018Assets 2019: $294,254Liabilities 2019: $1,893Net Assets 2019: $292,3612019Assets 2020: $298,348Liabilities 2020: $28,254Net Assets 2020: $270,0942020Assets 2021: $238,049Liabilities 2021: $28,696Net Assets 2021: $209,3532021Assets 2022: $286,923Liabilities 2022: $8,226Net Assets 2022: $278,6972022Assets 2023: $545,591Liabilities 2023: $10,067Net Assets 2023: $535,5242023Assets 2024: $566,883Liabilities 2024: $5,483Net Assets 2024: $561,4002024Assets 2025: $574,102Liabilities 2025: $15,755Net Assets 2025: $558,3472025

Highlighted filing

2016

Assets$302,272
Liabilities$641
Net Assets$301,631
Open 2016 Filing

Operations Trend

Revenue Growth70th percentile

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

$800K$600K$400K$200K$0-$200KExpenses 2012: $357,9272012Expenses 2013: $306,6402013Revenue 2014: $328,464Expenses 2014: $335,096Net Income 2014: -$6,6322014Revenue 2015: $317,683Expenses 2015: $338,936Net Income 2015: -$21,2532015Revenue 2016: $361,981Expenses 2016: $360,308Net Income 2016: $1,6732016Revenue 2017: $359,720Expenses 2017: $358,998Net Income 2017: $7222017Revenue 2018: $343,070Expenses 2018: $348,360Net Income 2018: -$5,2902018Revenue 2019: $333,528Expenses 2019: $338,229Net Income 2019: -$4,7012019Revenue 2020: $298,022Expenses 2020: $320,289Net Income 2020: -$22,2672020Revenue 2021: $185,038Expenses 2021: $245,779Net Income 2021: -$60,7412021Revenue 2022: $415,720Expenses 2022: $346,376Net Income 2022: $69,3442022Revenue 2023: $674,807Expenses 2023: $417,980Net Income 2023: $256,8272023Revenue 2024: $409,437Expenses 2024: $383,561Net Income 2024: $25,8762024Revenue 2025: $427,914Expenses 2025: $430,967Net Income 2025: -$3,0532025

Highlighted filing

2016

Revenue$361,981
Expenses$360,308
Net Income$1,673
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2015 to May 31, 2016
Signed
Jul 25, 2016
Return Version
2015v2.1
Gross Receipts
$361,981
Mission and Program Overview

Mission

The exempt purpose is to offer soccer education and recreation to children regardless of age or skill level.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$151,474$181,556▲ $30,082
Land, Buildings, and Equipment, Net$150,951$117,427▼ $33,524
Cash and Non-Interest-Bearing Accounts$20,791$3,289▼ $17,502
Total Assets$323,216$302,272▼ $20,944
Liabilities
Deferred Revenue$20,515--
Other Liabilities$2,743$641▼ $2,102
Total Liabilities$23,258$641▼ $22,617
Net Assets / Fund Balance
Unrestricted Net Assets$299,958$301,631▲ $1,673
Total Net Assets Fund Balance$299,958$301,631▲ $1,673
Total Liabilities and Net Assets / Fund Balance$323,216$302,272▼ $20,944

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$112,743$335,714$448,457
Equipment$4,684$37,971$42,655
Compensation and Service Providers
Top Officer Pay87th percentile

Board Members and Trustees

NameTitle
Alex ArabBoard President
Mike RoachBoard Vice-President
Grant UnderhillBoard Member
Tina Coyne-SmithBoard Secretary
Catherine DuncanBoard Treasurer
Mike HickeyExecutive Director
John KepleyProgram Director
Revenue and Support

Revenue Composition

Contributions and Grants
$82,004
Program Service Revenue
$279,812
Investment Income
$165
Other Revenue
$0
All Other Contributions
$82,004
Change in Net Assets
$1,673
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$231,168
Salaries, Compensation, and Employee Benefits$129,140
Total Fundraising Expense$1,823
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$72,321$12,762-$85,083
Depreciation Depletion$32,876$648-$33,524
Other Salaries and Wages$6,109$21,815-$27,924
Fees for Services Other$24,897-$110$25,007
Insurance$10,069$924-$10,993
Information Technology$10,524--$10,524
Payroll Taxes$7,047$3,400-$10,447
Occupancy-$6,120-$6,120
Office Expenses-$5,688-$5,688
Other Employee Benefits$4,833$853-$5,686
Advertising-$1,711$1,713$3,424
Fees for Services Accounting-$1,605-$1,605
Conferences and Meetings-$927-$927
Other Expenses$1,294$633-$633
All Other Expenses-$50-$50
Total Functional Expenses$301,349$57,136$1,823$360,308
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes$641
Payroll Liabilities-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
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
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

“Organizations Process to Review Form 990 ---- The independent CPA firm prepares the Form 990. The executive director reviews the form. Upon his/her approval the Form 990 is e-filed with the IRS. A copy of the Form 990 is made available to all Board members.”

Form 990, Part VI, Section C, Line 19

“Governing Documents Disclosure Explanation ---- Governing documents are available upon request at the organizations office.”

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

“Conflict of Interest Policy ----- Each year a conflict of interest agreement asking for a list of potential conflicts must be signed by each of the program directors and board members.”

Form 990, Part VI, Section B, Line 15

“Compensation ------ The board reviews what others soccer program directors are paid using information from the NC Youth Soccer Association.”

Filing and Contact Details

Filer

Filer Name
Rainbow Soccer LTD
EIN
56-1030908
Phone
9199678797
Address
PO Box 3093, Chapel Hill, NC 27515

Signing Officer

Name
Mike Hickey
Title
Executive Director
Signed
2016-07-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mike Hickey
Formed
1973
Legal Domicile
Nc
Voting Board Members
5
Independent Board Members
5
Employees
9
Volunteers
50

Preparer

Firm
Lawson Travers CPA PLLC
Address
312 Westside Drive, Chapel Hill, NC 27516-8393
Preparer
Lawson A Travers CPA
Phone
9199602794
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0412384
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01625863
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IRS990ScheduleA/InvestmentIncomePYPct00.00070
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0641
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Payroll Liabilities
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0117427
IRS990ScheduleD/TotalLiabilityAmt0641
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Organizations Process to Review Form 990 ---- The independent CPA firm prepares the Form 990. The executive director reviews the form. Upon his/her approval the Form 990 is e-filed with the IRS. A copy of the Form 990 is made available to all Board members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Governing Documents Disclosure Explanation ---- Governing documents are available upon request at the organizations office.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Conflict of Interest Policy ----- Each year a conflict of interest agreement asking for a list of potential conflicts must be signed by each of the program directors and board members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Compensation ------ The board reviews what others soccer program directors are paid using information from the NC Youth Soccer Association.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 15
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0302272
IRS990/TravelGrp/TotalAmt00
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IRS990/TypeOfOrganizationCorpInd0X
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IRS990/UnrestrictedNetAssetsGrp/BOYAmt0299958
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IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03137 Jones Ferry Road
IRS990/USAddress/CityNm0Chapel Hill
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd027516
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0www.rainbowsoccer.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-12-15 16:53:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Mike Hickey
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-07-25
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Rainbow Soccer LTD
ReturnHeader/Filer/BusinessNameControlTxt0RAIN
ReturnHeader/Filer/EIN0561030908
ReturnHeader/Filer/PhoneNum09199678797
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 3093
ReturnHeader/Filer/USAddress/CityNm0Chapel Hill
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027515
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Lawson Travers CPA PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0312 Westside Drive
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Chapel Hill
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0275168393
ReturnHeader/PreparerPersonGrp/PhoneNum09199602794

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$302,272
Liabilities
$641
Net assets
$301,631
Revenue
$361,981
Expenses
$360,308
Net income
$1,673
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$5.74$0.16$5.58$4.28$4.31$0.03
2024Detailed filing. Detailed filing data is available for this year.$5.67$0.05$5.61$4.09$3.84$0.26
2023Detailed filing. Detailed filing data is available for this year.$5.46$0.10$5.36$6.75$4.18$2.57
2022Detailed filing. Detailed filing data is available for this year.$2.87$0.08$2.79$4.16$3.46$0.69
2021Detailed filing. Detailed filing data is available for this year.$2.38$0.29$2.09$1.85$2.46$0.61
2020Detailed filing. Detailed filing data is available for this year.$2.98$0.28$2.70$2.98$3.20$0.22
2019Detailed filing. Detailed filing data is available for this year.$2.94$0.02$2.92$3.34$3.38$0.05
2018Detailed filing. Detailed filing data is available for this year.$2.97$0.00$2.97$3.43$3.48$0.05
2017Detailed filing. Detailed filing data is available for this year.$3.15$0.13$3.02$3.60$3.59$0.01
2016Detailed filing. Detailed filing data is available for this year.$3.02$0.01$3.02$3.62$3.60$0.02
2015Detailed filing. Detailed filing data is available for this year.$3.23$0.23$3.00$3.18$3.39$0.21
2014Detailed filing. Detailed filing data is available for this year.$3.34$0.12$3.21$3.28$3.35$0.07
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.35$0.07$3.28$3.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.95$0.11$2.84$3.58