Civic Intelligence

Rainbow Soccer Ltd.

990 • Fiscal year 2019 • EIN 56-1030908

Jun 01, 2018 to May 31, 2019 • Filed on Sep 06, 2019

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

71st percentile

0.01x

Higher debt load relative to assets than 71% of similar nonprofits.

2019 filings • NTEE N • <$500k nonprofits • Source year 2019

Liabilities / Revenue

71st percentile

0.01x

Higher debt load relative to revenue than 71% of similar nonprofits.

2019 filings • NTEE N • <$500k nonprofits • Source year 2019

Net Margin

35th percentile

-1.4%

Higher net margin than 35% of similar nonprofits.

2019 filings • NTEE N • <$500k nonprofits • Source year 2019

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.

2019 filings • NTEE N • <$500k nonprofits • Source year 2019

Asset Growth

40th percentile

-0.9%

Faster asset growth than 40% of similar nonprofits.

2019 filings • NTEE N • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

40th percentile

-2.8%

Faster revenue growth than 40% of similar nonprofits.

2019 filings • NTEE N • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets71st percentile

Assets

Down

$294,254

Down $2,808 (-0.9%) from 2018

Net Assets

Down

$292,361

Down $4,701 (-1.6%) from 2018

Liabilities

Up

$1,893

Up $1,893 from 2018

Revenue And Expenses
Liabilities / Revenue71st percentileNet Margin35th percentile

Revenue

Down

$333,528

Down $9,542 (-2.8%) from 2018

Expenses

Down

$338,229

Down $10,131 (-2.9%) from 2018

Net Income

Up

-$4,701

Up $589 (+11%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth40th 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

2019

Assets$294,254
Liabilities$1,893
Net Assets$292,361
Open 2019 Filing

Operations Trend

Revenue Growth40th 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

2019

Revenue$333,528
Expenses$338,229
Net Income-$4,701
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2018 to May 31, 2019
Signed
Sep 6, 2019
Return Version
2018v3.1
Gross Receipts
$333,528
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$100,355$80,831▼ $19,524
Land, Buildings, and Equipment, Net$69,566$59,111▼ $10,455
Cash and Non-Interest-Bearing Accounts$7,747$32,808▲ $25,061
Prepaid Expenses and Deferred Charges$8,564--
Total Assets$297,062$294,254▼ $2,808
Other Assets Total$110,830$121,504▲ $10,674
Liabilities
Accounts Payable and Accrued Expenses-$1,893-
Total Liabilities$0$1,893▲ $1,893
Net Assets / Fund Balance
Unrestricted Net Assets$297,062$292,361▼ $4,701
Total Net Assets Fund Balance$297,062$292,361▼ $4,701
Total Liabilities and Net Assets / Fund Balance$297,062$294,254▼ $2,808

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$59,111$385,854$444,965
Equipment-$42,655$42,655
Other Assets Org$50,000--
Compensation and Service Providers
Top Officer Pay87th percentile

Board Members and Trustees

NameTitle
Ted CalhounBoard President
Grant UnderhillBoard Member
Mike RoachBoard Member
Wilma RiveraBoard Secretary
Catherine DuncanBoard Treasurer
Alex ArabBoard Vice Pres
Mike HickeyExecutive Director
John KepleyProgram Director
Revenue and Support

Revenue Composition

Contributions and Grants
$37,843
Program Service Revenue
$295,530
Investment Income
$155
Other Revenue
$0
All Other Contributions
$37,843
Change in Net Assets
$-4,701
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$203,992
Salaries, Compensation, and Employee Benefits$134,237
Total Fundraising Expense$725
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$81,407$11,737-$93,144
Current Officers, Directors, Trustees, and Key Employees$75,347$13,297-$88,644
Other Salaries and Wages$31,190--$31,190
Fees for Services Other$24,697--$24,697
Depreciation Depletion$10,455--$10,455
Payroll Taxes$8,163$1,440-$9,603
Information Technology$8,448--$8,448
Office Expenses-$5,264-$5,264
Other Employee Benefits$4,080$720-$4,800
Other Expenses$4,410--$4,410
Insurance$2,723$970-$3,693
Advertising-$2,925$725$3,650
Fees for Services Accounting-$1,987-$1,987
Conferences and Meetings-$940-$940
Interest$4--$4
Total Functional Expenses$298,224$39,280$725$338,229
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-
Payroll Liabilities negative 5/31/18 so shown as an asset-
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 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 other soccer program directors are paid using information from the NC Youth Soccer Association.”

Form 990, Part VI, Section C, Line 19

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

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
2019-09-06
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
7
Volunteers
50

Preparer

Firm
Lawson Travers CPA PLLC
Address
613 Aberdeen Drive, Chapel Hill, NC 27516
Preparer
Lawson A Travers
Phone
9199602794
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Rounding difference”

Raw XML AppendixShowing 400 of 422 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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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0283526
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0271388
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0279812
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0284212
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01414468
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0155
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0181
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0197
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0165
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0288
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0986
IRS990ScheduleA/InvestmentIncomeCYPct00.00060
IRS990ScheduleA/InvestmentIncomePYPct00.00070
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportCY509Pct00.99940
IRS990ScheduleA/PublicSupportPY509Pct00.99930
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt01714996
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0333373
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0342889
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0359523
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0361816
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0317395
IRS990ScheduleA/Total509Grp/TotalAmt01714996
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0333528
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0343070
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0359720
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0361981
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IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/DepreciationAmt042655
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt042655
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt059111
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0385854
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0444965
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt070988
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1516
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt250000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CH Parks Rec CREDIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Due from NC DOR overpayments
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Triangle United Church CREDIT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Payroll Liabilities negative 5/31/18 so shown as an asset
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/TotalBookValueLandBuildingsAmt059111
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0121504
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
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/ExplanationTxt1Conflict 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/ExplanationTxt2Compensation ------ The board reviews what other soccer program directors are paid using information from the NC Youth Soccer Association.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Governing Documents Disclosure Explanation ----Governing documents are available upon request at the organizations office.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Rounding difference
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 B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part XI, Line 9
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt0294254
IRS990/TotalAssetsGrp/BOYAmt0297062
IRS990/TotalAssetsGrp/EOYAmt0294254
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt037843
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0725
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt039280
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0298224
IRS990/TotalFunctionalExpensesGrp/TotalAmt0338229
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt01893
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt01893
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0297062
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0292361
IRS990/TotalProgramServiceExpensesAmt0298224
IRS990/TotalProgramServiceRevenueAmt0295530
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0295685
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0333528
IRS990/TotalVolunteersCnt050
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0297062
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0294254
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0297062
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0292361
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/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Mike Hickey
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-09-06
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

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$294,254
Liabilities
$1,893
Net assets
$292,361
Revenue
$333,528
Expenses
$338,229
Net income
-$4,701
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