Civic Intelligence

Rainbow Days Inc.

990 • Fiscal year 2018 • EIN 75-1844908

Sep 01, 2017 to Aug 31, 2018 • Filed on Feb 27, 2019

8150 North Central ExpresswayDallas, TX 75206

(214) 887-0726

Siviq Scores

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

Liabilities / Assets

50th percentile

0.09x

Higher debt load relative to assets than 50% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

38th percentile

0.05x

Higher debt load relative to revenue than 38% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

52nd percentile

3.5%

Higher net margin than 52% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

72nd percentile

$108,404

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 4.0% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

73rd percentile

11%

Faster asset growth than 73% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

55th percentile

5.8%

Faster revenue growth than 55% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$1,599,682

Up $158,577 (+11%) from 2017

Net Assets

Up

$1,458,278

Up $81,472 (+5.9%) from 2017

Liabilities

Up

$141,404

Up $77,105 (+120%) from 2017

Revenue

Up

$2,732,073

Up $150,714 (+5.8%) from 2017

Expenses

Up

$2,635,313

Up $615,482 (+30%) from 2017

Net Income

Down

$96,760

Down $464,768 (-83%) from 2017

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2010: $1,296,784Liabilities 2010: $103,509Net Assets 2010: $1,193,2752010Assets 2011: $1,163,773Liabilities 2011: $89,952Net Assets 2011: $1,073,8212011Assets 2012: $966,685Liabilities 2012: $68,881Net Assets 2012: $897,8042012Assets 2013: $787,815Liabilities 2013: $22,444Net Assets 2013: $765,3712013Assets 2014: $861,007Liabilities 2014: $50,215Net Assets 2014: $810,7922014Assets 2015: $852,153Liabilities 2015: $58,707Net Assets 2015: $793,4462015Assets 2016: $866,400Liabilities 2016: $70,259Net Assets 2016: $796,1412016Assets 2017: $1,441,105Liabilities 2017: $64,299Net Assets 2017: $1,376,8062017Assets 2018: $1,599,682Liabilities 2018: $141,404Net Assets 2018: $1,458,2782018Assets 2019: $1,098,130Liabilities 2019: $62,298Net Assets 2019: $1,035,8322019Assets 2020: $1,218,990Liabilities 2020: $255,901Net Assets 2020: $963,0892020Assets 2021: $1,101,165Liabilities 2021: $96,648Net Assets 2021: $1,004,5172021Assets 2022: $1,033,681Liabilities 2022: $68,591Net Assets 2022: $965,0902022Assets 2023: $1,246,906Liabilities 2023: $380,817Net Assets 2023: $866,0892023Assets 2024: $1,124,996Liabilities 2024: $306,273Net Assets 2024: $818,7232024

Highlighted filing

2018

Assets$1,599,682
Liabilities$141,404
Net Assets$1,458,278

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $2,276,0182010Expenses 2011: $1,984,2052011Expenses 2012: $1,900,1162012Expenses 2013: $1,891,9952013Revenue 2014: $1,879,287Expenses 2014: $1,850,574Net Income 2014: $28,7132014Revenue 2015: $1,827,818Expenses 2015: $1,828,030Net Income 2015: -$2122015Revenue 2016: $1,919,995Expenses 2016: $1,975,863Net Income 2016: -$55,8682016Revenue 2017: $2,581,359Expenses 2017: $2,019,831Net Income 2017: $561,5282017Revenue 2018: $2,732,073Expenses 2018: $2,635,313Net Income 2018: $96,7602018Revenue 2019: $1,568,189Expenses 2019: $1,986,569Net Income 2019: -$418,3802019Revenue 2020: $1,867,631Expenses 2020: $1,927,179Net Income 2020: -$59,5482020Revenue 2021: $1,925,378Expenses 2021: $1,926,873Net Income 2021: -$1,4952021Revenue 2022: $2,009,594Expenses 2022: $1,949,778Net Income 2022: $59,8162022Revenue 2023: $1,843,801Expenses 2023: $1,932,499Net Income 2023: -$88,6982023Revenue 2024: $2,053,601Expenses 2024: $2,132,419Net Income 2024: -$78,8182024

Highlighted filing

2018

Revenue$2,732,073
Expenses$2,635,313
Net Income$96,760
Jump To
Filing Snapshot
Filing Period
Sep 1, 2017 to Aug 31, 2018
Signed
Feb 27, 2019
Return Version
2017v2.2
Gross Receipts
$3,067,770
Mission and Program Overview

Mission

To help children and youth in adversity build coping skills and resilience to create positive futures.

Helping children and youth in adversity build coping skills and resilience to create positive futures.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$625,088$1,062,643▲ $437,555
Pledges and Grants Receivable$502,921$168,011▼ $334,910
Savings and Temporary Cash Investments$163,436$105,375▼ $58,061
Cash and Non-Interest-Bearing Accounts$46,177$85,157▲ $38,980
Land, Buildings, and Equipment, Net$1,292$75,323▲ $74,031
Accounts Receivable$41,191$55,594▲ $14,403
Prepaid Expenses and Deferred Charges$24,208$14,769▼ $9,439
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$1,441,105$1,599,682▲ $158,577
Other Assets Total$36,792$32,810▼ $3,982
Liabilities
Accounts Payable and Accrued Expenses$43,288$125,242▲ $81,954
Deferred Revenue$21,011$16,162▼ $4,849
Total Liabilities$64,299$141,404▲ $77,105
Net Assets / Fund Balance
Unrestricted Net Assets$832,738$810,175▼ $22,563
Temporarily Rstr Net Assets$541,568$645,603▲ $104,035
Permanently Rstr Net Assets$2,500$2,500→ $0
Total Net Assets Fund Balance$1,376,806$1,458,278▲ $81,472
Total Liabilities and Net Assets / Fund Balance$1,441,105$1,599,682▲ $158,577

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$75,323$87,724$163,047

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$2,500---$2,500
2016$2,500---$2,500
2015$2,500---$2,500
2014$2,500---$2,500
2013$2,500---$2,500
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
CATHEY BROWN-thru 82018Founder/CEOFT$101,246$7,158$108,404
Gene ZhuDir.-financeFT$70,531-$70,531

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$2,539,202
Program Service Revenue
$206,915
Investment Income
$56,108
Other Revenue
$-70,152
All Other Contributions
$1,412,058
Change in Net Assets
$96,760

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Clothing and Household Goods-$409,995Fair Market Value (FMV)
Other Non Cash Contri Table35$94,636Fair Market Value (FMV)
Other Non Cash Contri Table1$53,975Fair Market Value (FMV)
Other Non Cash Contri Table31$24,033Fair Market Value (FMV)
Other Non Cash Contri Table17$7,720Fair Market Value (FMV)
Food Inventory16$6,576Fair Market Value (FMV)
Total Noncash Contributions100$596,935-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,726,337
Revenue Not Reported on Financial Statements
$5,736
Revenue Not Reported on Form 990
$8,946
Total Revenue per Audited Statements
$2,735,283
Total Revenue per Form 990
$2,732,073
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,356,579
Salaries, Compensation, and Employee Benefits$1,278,734
Total Fundraising Expense$209,041
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$543,419$143,736$103,961$791,116
Current Officers, Directors, Trustees, and Key Employees$206,195$83,871$55,553$345,619
Fees for Services Other$212,759$31,313-$244,072
Occupancy$127,551$4,473-$132,024
Payroll Taxes$52,960$10,504$10,092$73,556
Other Employee Benefits$49,443$10,110$8,890$68,443
Travel$42,804$8,247-$51,051
Insurance$27,952$4,395-$32,347
Office Expenses$18,853$13,406-$32,259
All Other Expenses$15,730$15,174-$30,904
Other Expenses$9,627$7,124$30,545$16,751
Fees for Services Accounting$8,531$1,969-$10,500
Depreciation Depletion$8,264--$8,264
Fees for Service Investment Mgmnt Fees-$5,736-$5,736
Total Functional Expenses$2,050,107$376,165$209,041$2,635,313

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,653,811
Total Expenses per Form 990$2,635,313
Expenses per Audited Statements$2,629,577
Expenses Not Reported on Form 990$24,234
Expenses Not Reported on Financial Statements$5,736
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$118,048
Fundraising Gross Income$46,152
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Pog Luncheon$467,965$46,152$47,546$-1,394
Total Events$467,965$46,152$118,048$-71,896
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
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 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, Line 8: Explanation of No Contemporaneously Documentation of Meetings

Minutes are maintained for all board meetings and for all major committee meetings.

Form 990, Part VI, Line 11B: Form 990 Review Process

A copy of the 990 is provided to the organization's board for their review prior to its filing.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

The organization regularly and consistently monitors and enforces compliance with its conflict of interest policy.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The process of determining compensation of the organization's executive director, ceo, top management, and key employees includes a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

The process of determining compensation of the organization's executive director, ceo, top management, and key employees includes a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision.

Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection

The form 990 is available for review on the organization's website, other websites, and upon request at the organization's administrative office.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request at the organization's administrative office.

Form 990, Part VIII Income From Fundraising Events

The net economic benefit from our annual Luncheon is calculated as follows:Contributions from fundraising event reported on Part VIII, line 1c $ 421,813Gross income from fundraising event reported on Part VIII, line 8a 46,152Less: Direct costs of event reported on part VIII, Line 8b (118,048) Net economic benefit of fundraising event $ 349,917

Filing and Contact Details

Filer

Filer Name
Rainbow Days Inc
EIN
75-1844908
Phone
2148870726
Address
8150 NORTH CENTRAL EXPRESSWAY, DALLAS, TX 75206

Signing Officer

Name
Sherri Ansley
Title
CEO
Signed
2019-02-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sherri Ansley
Formed
1982
Legal Domicile
TX
Voting Board Members
18
Independent Board Members
18
Employees
24
Volunteers
1,375

Preparer

Firm
Sutton Frost Cary LLP
Address
600 Six Flags Dr Suite 600, Arlington, TX 76011
Preparer
Kimberly D Crawford
Phone
8176498083
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 5, Executive Compensation

Executive compensation was higher in fiscal year 2018 over fiscal year 2017 due to the severance payment made to the previous ceo, cathey brown. Rainbow days paid one lump sum payment of $145,000.

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

The purpose of the endowment is to support the family connection program.

Part X : FIN48 Footnote

The Organization is exempt from federal income taxes under section 501(c)(3) of the Internal Revenue Code (IRC) and has not been classified as a private foundation as defined in the IRC. Income generated from activities unrelated to the Organizations exempt purposes is subject to tax under IRC Section 511. The Organization had no unrelated business income for the year ended August 31, 2018. Accordingly, no provision has been made for federal income tax. GAAP requires the evaluation of tax positions taken in the course of preparing the Organizations tax return and recognition of a tax liability (or asset) if the Organization has taken an uncertain position that more likely than not would not be sustained upon examination by the Internal Revenue Service. Management has analyzed the tax positions taken by the Organization, and has concluded that as of August 31, 2018 there are no uncertain tax positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements.

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IRS990/Desc0The Organization works with children and youth who have experienced adversity and breaks cycles of substance use disorders, homelessness and poverty by creating supportive communities through educational support groups, positive alternative activities and by training other professionals and volunteers in the CBSG model. Children learn and practice healthy self-management, relationship, and decision-making skills with positive adult role models. By being better equipped with healthy coping skills and personal resilience, they can rise above lifes challenges to create positive futures. The Organizations Curriculum-Based Support Groups (CBSG) program increases protective factors: high-expectation messages, safe and positive environments, caring relationships, a sense of belonging as well as increasing an individuals resiliency. Participants in the CBSG program learn to listen and communicate effectively, manage emotions, practice self-control, adapt to change, choose friends wisely, make healthy choices, resist negative peer pressure and practice teamwork. The CBSG program has been recognized by national registries as an effective prevention program and is proven to: prevent and reduce substance use disorders, prevent delinquency and violence, increase commitment to making healthy choices, including staying in school and staying drug-, crime- and violence-free. Additional activities and services include: prevention presentations, individual screening, referral and counseling services, summer camps, family outings, and holiday events. More than 11,000 children and youth participate in one or more of these activities each year. The Organization works with over 80 schools, shelters and community organizations in order to reach the children served. Through the Trans4m Center, the Organization expands its scope and impact by training over 500 youth-serving professionals each year throughout Texas and the United States in the CBSG Program and over 2,000 individuals each year in a variety of topics related to prevention and professional development. Since its founding, the Organization has served more than 211,000 local children and trained more than 52,000 professionals and volunteers throughout the United States in how to implement a support group or other prevention programs/topics.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Director
IRS990/Form990PartVIISectionAGrp/TitleTxt1President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt15Director
IRS990/Form990PartVIISectionAGrp/TitleTxt16Director
IRS990/Form990PartVIISectionAGrp/TitleTxt17Director
IRS990/Form990PartVIISectionAGrp/TitleTxt18CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt19FOUNDER/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIR.-FINANCE
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IRS990/FundraisingActivitiesInd0true
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IRS990/InsuranceGrp/ProgramServicesAmt027952
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IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt010110
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt06543
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt129564
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt27124
IRS990/OtherExpensesGrp/ProgramServicesAmt0619458
IRS990/OtherExpensesGrp/ProgramServicesAmt148142
IRS990/OtherExpensesGrp/ProgramServicesAmt258419
IRS990/OtherExpensesGrp/ProgramServicesAmt39627
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IRS990/OtherExpensesGrp/TotalAmt177706
IRS990/OtherExpensesGrp/TotalAmt258419
IRS990/OtherExpensesGrp/TotalAmt316751
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IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
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IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0103961
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0143736
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0543419
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IRS990/OwnWebsiteInd0X
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IRS990/PayrollTaxesGrp/FundraisingAmt010092

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.12$0.31$0.82$2.05$2.13$0.08
2023Detailed filing. Detailed filing data is available for this year.$1.25$0.38$0.87$1.84$1.93$0.09
2022Detailed filing. Detailed filing data is available for this year.$1.03$0.07$0.97$2.01$1.95$0.06
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.10$0.10$1.00$1.93$1.93$0.00
2020Detailed filing. Detailed filing data is available for this year.$1.22$0.26$0.96$1.87$1.93$0.06
2019Detailed filing. Detailed filing data is available for this year.$1.10$0.06$1.04$1.57$1.99$0.42
2018Detailed filing. Detailed filing data is available for this year.$1.60$0.14$1.46$2.73$2.64$0.10
2017Detailed filing. Detailed filing data is available for this year.$1.44$0.06$1.38$2.58$2.02$0.56
2016Detailed filing. Detailed filing data is available for this year.$0.87$0.07$0.80$1.92$1.98$0.06
2015Detailed filing. Detailed filing data is available for this year.$0.85$0.06$0.79$1.83$1.83$0.00
2014Detailed filing. Detailed filing data is available for this year.$0.86$0.05$0.81$1.88$1.85$0.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.79$0.02$0.77$1.89
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.97$0.07$0.90$1.90
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.16$0.09$1.07$1.98
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.30$0.10$1.19$2.28