Civic Intelligence

Rainbow Labs Mentoring Inc.

990 • Fiscal year 2022 • EIN 86-3680722

Jan 01, 2022 to Dec 31, 2022 • Filed on May 10, 2023

Organization Profilewww.rainbowlabs.org
1037 N Gardner Street APT 1Los Angeles, CA 90046

(213) 302-8293

Siviq Scores

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

Liabilities / Assets

68th percentile

0.10x

Higher debt load relative to assets than 68% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

51st percentile

0.02x

Higher debt load relative to revenue than 51% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

56th percentile

9.6%

Higher net margin than 56% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

54th percentile

$1,500

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 0.3% of source-year revenue.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

92nd percentile

88%

Faster asset growth than 92% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

96th percentile

279%

Faster revenue growth than 96% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets68th percentile

Assets

Up

$121,591

Up $56,869 (+88%) from 2021

Net Assets

Up

$109,280

Up $46,225 (+73%) from 2021

Liabilities

Up

$12,311

Up $10,644 (+639%) from 2021

Revenue And Expenses
Liabilities / Revenue51st percentileNet Margin56th percentile

Revenue

Up

$516,871

Up $380,624 (+279%) from 2021

Expenses

Up

$467,104

Up $393,912 (+538%) from 2021

Net Income

Down

$49,767

Down $13,288 (-21%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth92nd percentile

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

$300K$200K$100K$0Assets 2021: $64,722Liabilities 2021: $1,667Net Assets 2021: $63,0552021Assets 2022: $121,591Liabilities 2022: $12,311Net Assets 2022: $109,2802022Assets 2023: $259,852Liabilities 2023: $27,974Net Assets 2023: $231,8782023Assets 2024: $294,054Liabilities 2024: $84,483Net Assets 2024: $209,5712024

Highlighted filing

2022

Assets$121,591
Liabilities$12,311
Net Assets$109,280
Open 2022 Filing

Operations Trend

Revenue Growth96th percentile

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

$1.0M$500K$0-$500KRevenue 2021: $136,247Expenses 2021: $73,192Net Income 2021: $63,0552021Revenue 2022: $516,871Expenses 2022: $467,104Net Income 2022: $49,7672022Revenue 2023: $485,910Expenses 2023: $363,659Net Income 2023: $122,2512023Revenue 2024: $907,765Expenses 2024: $973,418Net Income 2024: -$65,6532024

Highlighted filing

2022

Revenue$516,871
Expenses$467,104
Net Income$49,767
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 10, 2023
Return Version
2022v5.0
Gross Receipts
$516,871
Mission and Program Overview

Mission

Safe space for queer youth to dream big. Rainbow labs is a bold, joyful space where queer and gender nonconforming youth (ages 12-18) in los angeles can be themselves, find community, and explore who they want to become - one connection at a time, while experiencing transformative educational opportunities that build confidence, skills, and a sense of possibility.

Rainbow Labs emboldens Queer and Gender Nonconforming Youth to discover, curate, and experiment with the elements of a fulfilled life through community building and the lived experiences of mentors.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$56,365$116,778▲ $60,413
Pledges and Grants Receivable$5,000--
Prepaid Expenses and Deferred Charges$3,357$3,357→ $0
Land, Buildings, and Equipment, Net-$1,456-
Total Assets$64,722$121,591▲ $56,869
Liabilities
Accounts Payable and Accrued Expenses$1,667$12,311▲ $10,644
Total Liabilities$1,667$12,311▲ $10,644
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$63,055$109,280▲ $46,225
Total Net Assets Fund Balance$63,055$109,280▲ $46,225
Total Liabilities and Net Assets / Fund Balance$64,722$121,591▲ $56,869

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,456-$1,456
Compensation and Service Providers
Top Officer Pay54th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Luis VasquezDirectorPT$1,500$1,500

Board Members and Trustees

NameTitle
Diandra BremondPresident
Jose DiazDirector
Michael DalyDirector
Jacob ToupsExecutive Director
Eleazar SaldiviaSecretary
Victoria FlynnTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$516,571
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$300
All Other Contributions
$471,571
Change in Net Assets
$49,767
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$280,688
Other Expenses$155,080
Salaries, Compensation, and Employee Benefits$31,336
Total Fundraising Expense$2,038
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$280,688--$280,688
Fees for Services Other$51,512$400$100$52,012
Current Officers, Directors, Trustees, and Key Employees$29,364--$29,364
Travel$11,900$692-$12,592
Office Expenses$5,828$4,422-$10,250
Other Expenses$9,949--$9,949
Information Technology$855$6,894$1,788$9,537
Insurance$2,425$2,760-$5,185
Fees for Services Accounting$200$4,069-$4,269
Advertising$2,147$198$150$2,495
Fees for Services Management-$2,000-$2,000
Payroll Taxes$1,688--$1,688
All Other Expenses$726--$726
Other Employee Benefits-$284-$284
Interest-$242-$242
Total Functional Expenses$443,105$21,961$2,038$467,104
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Good Sports Plus LTD DBA ARCTorrance, CA-Fiscal Sponsorship$280,688
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-
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 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
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, Section B, Line 11B

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

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

“The organization enforced compliance with its conflict of interest policy by reviewing it periodically at board meetings.”

Form 990, Part VI, Section B, Line 15A 15B

“The organization uses the following methods to establish compensation packages for its employees Market rates for educational instruction, Compensation Survey, Written Employment Contract, and Form 990 of Similar organizations.”

Form 990, Part VI, Section C, Line 19

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

Filing and Contact Details

Filer

Filer Name
Rainbow Labs Mentoring Inc
EIN
86-3680722
Phone
2133028293
Address
1037 N Gardner Street APT 1, Los Angeles, CA 90046

Signing Officer

Name
Jacob Toups
Title
Executive Director
Phone
2133028293
Signed
2023-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jacob Toups
Formed
2021
Legal Domicile
CA
Voting Board Members
7
Independent Board Members
7
Employees
1
Volunteers
32

Preparer

Firm
Foundation Group Inc
Address
2451 Atrium Way Suite 300, Nashville, TN 37214
Preparer
Andrew D Payne EA
Phone
6153619445
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D

“Program Service Expenses 77,231, Grants and allocations 0, Revenue 0 Sports Lab Sports Lab delivers sports clinics and sports team programming for LGBTQ youth.”

Form 990, Part XI, Line 9

“The previously stated net asset balance was overstated by 3,542.”

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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/TotalBookValueLandBuildingsAmt01456
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt0280688
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Fiscal Sponsorship
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Good Sports Plus LTD DBA ARC
IRS990ScheduleI/RecipientTable/RecipientEIN0260042961
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0370 Armapola Ave 208
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Torrance
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0CA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd090501
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0FMV
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0The board of directors reviews proposed recipients to determine needs and proposed uses of assistance. The recipients are then routinely monitored to ensure the assistance is being used accordingly to accomplish the proposed purpose.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I Line 2
IRS990ScheduleI/TotalOtherOrgCnt01
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Program Service Expenses 77,231, Grants and allocations 0, Revenue 0 Sports Lab Sports Lab delivers sports clinics and sports team programming for LGBTQ youth.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The organization reviews the 990 form at a board meeting prior to submitting to the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The organization enforced compliance with its conflict of interest policy by reviewing it periodically at board meetings.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The organization uses the following methods to establish compensation packages for its employees Market rates for educational instruction, Compensation Survey, Written Employment Contract, and Form 990 of Similar organizations.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The previously stated net asset balance was overstated by 3,542.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 4d
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 15a 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part XI, Line 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt064722
IRS990/TotalAssetsEOYAmt0121591
IRS990/TotalAssetsGrp/BOYAmt064722
IRS990/TotalAssetsGrp/EOYAmt0121591
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0516571
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt02038
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt021961
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0443105
IRS990/TotalFunctionalExpensesGrp/TotalAmt0467104
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01667
IRS990/TotalLiabilitiesEOYAmt012311
IRS990/TotalLiabilitiesGrp/BOYAmt01667
IRS990/TotalLiabilitiesGrp/EOYAmt012311
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt063055
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0109280
IRS990/TotalOtherProgSrvcExpenseAmt077231
IRS990/TotalOtherProgSrvcGrantAmt0280688
IRS990/TotalProgramServiceExpensesAmt0443105
IRS990/TotalReportableCompFromOrgAmt01500
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0300
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0516871
IRS990/TotalVolunteersCnt032
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt064722
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0121591
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/ManagementAndGeneralAmt0692
IRS990/TravelGrp/ProgramServicesAmt011900
IRS990/TravelGrp/TotalAmt012592
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01037 N Gardner Ave APT 1
IRS990/USAddress/CityNm0Los Angeles
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd090046
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0https://www.rainbowlabs.org
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Jacob Toups
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/PhoneNum02133028293
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-05-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Rainbow Labs Mentoring Inc
ReturnHeader/Filer/BusinessNameControlTxt0RAIN
ReturnHeader/Filer/EIN0863680722
ReturnHeader/Filer/PhoneNum02133028293
ReturnHeader/Filer/USAddress/AddressLine1Txt01037 N Gardner Street APT 1
ReturnHeader/Filer/USAddress/CityNm0Los Angeles
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd090046
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0621813735
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Foundation Group Inc
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02451 Atrium Way Suite 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Nashville
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd037214
ReturnHeader/PreparerPersonGrp/PhoneNum06153619445
ReturnHeader/PreparerPersonGrp/PreparationDt02023-10-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Andrew D Payne EA
ReturnHeader/ReturnTs02023-10-12T09:18:53-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Jacob
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Toups
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$121,591
Liabilities
$12,311
Net assets
$109,280
Revenue
$516,871
Expenses
$467,104
Net income
$49,767
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.94$0.84$2.10$9.08$9.73$0.66
2023Detailed filing. Detailed filing data is available for this year.$2.60$0.28$2.32$4.86$3.64$1.22
2022Detailed filing. Detailed filing data is available for this year.$1.22$0.12$1.09$5.17$4.67$0.50
2021Detailed filing. Detailed filing data is available for this year.$0.65$0.02$0.63$1.36$0.73$0.63