Rainbow Labs Mentoring Inc.

“The organization reviews the 990 form at a board meeting prior to submitting to the irs.”

“The organization enforces compliance with its conflict of interest policy by reviewing it periodically at board meetings and requiring board members and key personnel to review on an annual basis.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“Professional services: program service expenses 229,614. Management and general expenses 83,811. Fundraising expenses 181,412. Total expenses 494,837.”

“Correction of opening net assets 43,346.”

“The organization's board of directors has responsibility for the oversight of the audit of its financial statements and selection of the independent auditor, subject to the approval of the board of trustees. This responsibility is unchanged from the prior year.”

“The financial information previously reported in the original return of rainbow labs mentoring inc. Reflected unaudited balances. After the audit was completed, these balances changed. As a result, the return is being amended. This amended return contains the following changes to the amounts previously reported in the original return. Part iii line 4a was changed from $678,981 to $676,110 part iv question 12a now marked 'yes' part viii line 1e was changed from $694,279 to $636,743 line 1f was changed from $286,300 to $271,928 line 7b was changed from $0 to $2,871 part ix line 12 was changed from $74,555 to $71,684 part x line 3, column b was changed from $8,606 to $15,027 line 19, column b was changed from $0 to $44,446 line 27, column b was changed from $247,594 to $203,149 line 28, column b was changed from $0 to $6,422 part xi line 9 was changed from opening net assets adjustment of $9,461 to $43,346 schedule a part ii, line 1e was changed from $980,579 to $908,671 schedule d, part xi, part xii, part xiii now included as the audit has been completed. There are no reconciling amounts that affect revenue or expenses. Part xiii now includes: accounting standards require an organization to evaluate its tax positions and provide for a liability for any positions that would not be considered 'more likely than not' to be upheld under a tax authority examination. Management has evaluated its tax positions and has concluded that a provision for a tax liability is not necessary at december 31st, 2024. Generally, rainbow labs information returns remain open for examination for three (federal) or four (state of california) years from the date of filing.”