Civic Intelligence

Rainbow Dreams Educational Foundation

990 • Fiscal year 2021 • EIN 88-0430382

Jul 01, 2020 to Jun 30, 2021 • Filed on Jan 31, 2022

Organization Profilerainbowdreamsfoundation.org
950 W Lake Mead BlvdLas Vegas, NV 89106

(702) 596-9610

Siviq Scores

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

Liabilities / Assets

60th percentile

0.07x

Higher debt load relative to assets than 60% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

83rd percentile

0.42x

Higher debt load relative to revenue than 83% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

2nd percentile

-131%

Higher net margin than 2% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

52nd percentile

$0

Higher top officer pay than 52% of similar nonprofits.

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

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

15th percentile

-6.3%

Faster asset growth than 15% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

81st percentile

71%

Faster revenue growth than 81% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets60th percentile

Assets

Down

$540,898

Down $36,555 (-6.3%) from 2020

Net Assets

Down

$504,826

Down $60,127 (-11%) from 2020

Liabilities

Up

$36,072

Up $23,572 (+189%) from 2020

Revenue And Expenses
Liabilities / Revenue83rd percentileNet Margin2nd percentile

Revenue

Up

$85,545

Up $35,522 (+71%) from 2020

Expenses

Up

$197,672

Up $140,350 (+245%) from 2020

Net Income

Down

-$112,127

Down $104,828 (-1436%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth15th percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $7,308,536Liabilities 2010: $4,920,982Net Assets 2010: $2,387,5542010Assets 2011: $7,218,386Liabilities 2011: $4,865,863Net Assets 2011: $2,352,5232011Assets 2012: $7,161,591Liabilities 2012: $5,167,424Net Assets 2012: $1,994,1672012Assets 2013: $6,794,908Liabilities 2013: $4,907,061Net Assets 2013: $1,887,8472013Assets 2014: $6,576,189Liabilities 2014: $4,663,987Net Assets 2014: $1,912,2022014Assets 2015: $6,402,403Liabilities 2015: $4,580,994Net Assets 2015: $1,821,4092015Assets 2016: $6,701,866Liabilities 2016: $4,673,475Net Assets 2016: $2,028,3912016Assets 2017: $6,430,237Liabilities 2017: $4,386,963Net Assets 2017: $2,043,2742017Assets 2018: $6,154,669Liabilities 2018: $4,165,099Net Assets 2018: $1,989,5702018Assets 2019: $5,934,211Liabilities 2019: $3,967,280Net Assets 2019: $1,966,9312019Assets 2020: $577,453Liabilities 2020: $12,500Net Assets 2020: $564,9532020Assets 2021: $540,898Liabilities 2021: $36,072Net Assets 2021: $504,8262021Assets 2022: $454,727Liabilities 2022: $1,346Net Assets 2022: $453,3812022Assets 2023: $426,595Liabilities 2023: $60,264Net Assets 2023: $366,3312023Assets 2024: $392,672Liabilities 2024: $13,484Net Assets 2024: $379,1882024

Highlighted filing

2021

Assets$540,898
Liabilities$36,072
Net Assets$504,826
Open 2021 Filing

Operations Trend

Revenue Growth81st percentile

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

$1.0M$500K$0-$500KExpenses 2010: $28,7992010Revenue 2011: $204,850Expenses 2011: $239,881Net Income 2011: -$35,0312011Expenses 2012: $777,8882012Expenses 2013: $627,1062013Revenue 2014: $577,727Expenses 2014: $553,372Net Income 2014: $24,3552014Revenue 2015: $41,945Expenses 2015: $122,223Net Income 2015: -$80,2782015Revenue 2016: $290,651Expenses 2016: $182,518Net Income 2016: $108,1332016Revenue 2017: $204,004Expenses 2017: $191,121Net Income 2017: $12,8832017Revenue 2018: $74,091Expenses 2018: $127,795Net Income 2018: -$53,7042018Revenue 2019: $103,374Expenses 2019: $126,013Net Income 2019: -$22,6392019Revenue 2020: $50,023Expenses 2020: $57,322Net Income 2020: -$7,2992020Revenue 2021: $85,545Expenses 2021: $197,672Net Income 2021: -$112,1272021Revenue 2022: $192,804Expenses 2022: $294,337Net Income 2022: -$101,5332022Revenue 2023: $132,055Expenses 2023: $217,041Net Income 2023: -$84,9862023Revenue 2024: $212,407Expenses 2024: $228,506Net Income 2024: -$16,0992024

Highlighted filing

2021

Revenue$85,545
Expenses$197,672
Net Income-$112,127
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Jan 31, 2022
Return Version
2020v4.0
Gross Receipts
$85,545
Mission and Program Overview

Mission

To strengthen and support historically under-served communities in southern Nevada through educational and cultural programs and services.

To strengthen and support historically underserved communities in southern Nevada through educational and cultural programs and services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Receivable From Disqualified Prsn$504,095$465,371▼ $38,724
Receivables From Officers Etc$63,538$44,742▼ $18,796
Accounts Receivable-$28,001-
Cash and Non-Interest-Bearing Accounts$6,996$2,784▼ $4,212
Pledges and Grants Receivable$2,708--
Prepaid Expenses and Deferred Charges$116$0▼ $116
Other Notes and Loans Receivable, Net$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Total Assets$577,453$540,898▼ $36,555
Liabilities
Accounts Payable and Accrued Expenses$12,500$36,072▲ $23,572
Total Liabilities$12,500$36,072▲ $23,572
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$564,953$504,826▼ $60,127
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$564,953$504,826▼ $60,127
Total Liabilities and Net Assets / Fund Balance$577,453$540,898▼ $36,555
Compensation and Service Providers
Top Officer Pay52nd percentile

Board Members and Trustees

NameTitle
Dr Debra ToneyPresident
Cheri ReshBoard Member
David PulliamBoard Member
Dr Christine ClarkBoard Member
Exie SeastrunkBoard Member
Hannah BrownBoard Member
Marie Ray ScottBoard Member
Cindy BradenSecretary
Stacy ParkerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$70,720
Program Service Revenue
$0
Investment Income
$14,825
Other Revenue
$0
All Other Contributions
$44,735
Change in Net Assets
$-112,127
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$112,672
Total Fundraising Expense$88,477
Salaries, Compensation, and Employee Benefits$85,000
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$54,624$0$33,802$88,426
Other Salaries and Wages$25,500$8,500$51,000$85,000
Fees for Services Other$3,075$5,500$3,075$11,650
Other Expenses$9,890$0$0$9,890
Insurance$0$824$0$824
Total Functional Expenses$93,089$16,106$88,477$197,672
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Juneteenth Festival$25,985$4,235$9,567$-5,332
Total Events$25,985$4,235$30,539$-26,304
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Family RelationshipPurchase of PropertyNo$504,095
-Family RelationshipPurchase of PropertyNo$63,538

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons$504,095$465,371▼ $38,724
Receivables from Officers, Directors, Trustees, and Key Employees$63,538$44,742▼ $18,796
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
Yes
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
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

“Form 990, Part VI, Section B, Line 11b - Reviewed by email distribution”

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

“Form 990, Part VI, Section B, Line 12c - Any potential issues are discussed during board meetings”

Form 990, Part VI, Section C, Line 19

“Form 990, Part VI, Section C, Line 19 - Available upon request”

Filing and Contact Details

Filer

Filer Name
Rainbow Dreams Educational Foundation
EIN
88-0430382
Phone
7025969610
Address
950 W Lake Mead Blvd, Las Vegas, NV 89106

Signing Officer

Name
Debra Toney
Title
Board Chair
Phone
7025969610
Signed
2022-01-31
Discuss with paid preparer
No

Organization Details

Principal Officer
Debra Toney
Formed
1999
Legal Domicile
Nv
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
50

Preparer

Firm
MeLann's Unlimited LLC
Address
10541 Allegrini Drive, Las Vegas, NV 89141
Preparer
Melinda Varner
Phone
7028969522
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

“Scholarship Program - $5,350.00. Programs for Rainbow Dreams Academy - $22,000; In-kind and related expenses for Juneteenth Festival.”

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IRS990/Desc0Rainbow Dreams Academy Charter School is a primary provider of early childhood education, family engagement, and professional development programming and support services in Clark County, Nevada. The program focuses primarily on at-risk youth in under-served populations and currently serves more than 300 students in both Pre-K and Kindergarten. Established in 2007, and initially serving a mere 52 students, Rainbow Dreams Academy Charter School's focus has always been to consistently provide our students with a solid educational foundation, while embracing diversity, encouraging cultural and artistic expression, engaging in community outreach, and helping to develop personal responsibility and accountability habits which directly contribute to their overall academic success. The Rainbow Dreams Academy program has evolved significantly over the years and now includes "Dream Care" our premiere before and after school tutoring program which provides free and reduced cost daily nutritional services to students enrolled in the program. Dream Care also provides students with backpacks containing necessary school supplies and FREE school uniforms. Rainbow Dreams Academy Charter School offers a tuition-free full-day STEM-based academic program and boasts smaller teacher-to-student ratios. RDA Educators, Administrators, and Support Staff are highly qualified and dedicated to making certain that our students have the hands-on support they need to meet the demands and expectations of a challenging curriculum. We strive to create lifelong learners who have a passion for learning and who possess the tools necessary to become contributory members of society and leaders in their community.
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IRS990/ProgSrvcAccomActy2Grp/Desc0LAS VEGAS JUNETEENTH FESTIVAL: For the past two decades Rainbow Dreams Educational Foundation, with the support of various corporate sponsors and community partners, has presented the Las Vegas Juneteenth Festival; an annual celebration commemorating the National Juneteenth holiday. This important event helps us connect valuable community services to students, their families, and the community at large while celebrating African American people and their many invaluable contributions to American culture. The Juneteenth Festival is an opportunity for people of all backgrounds and ethnicities to come together to promote educational equality and economic empowerment. The Las Vegas Juneteenth Festival is a family friendly open-air event that is free to the public and features, live entertainment, music, dance, art, commerce, and more.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt027274
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt041257
IRS990/ProgSrvcAccomActy3Grp/Desc0RAINBOW DREAMS SCHOLARSHIP PROGRAM: The Rainbow Dreams Scholarship program provides financial assistance to deserving high school graduates who are planning to pursue a college degree. Every year Rainbow Dreams Educational Foundation awards six monetary scholarships of varying amounts to selectees to assist them with meeting the financial demands associated with attending a facility of higher learning. The scholarship program was created to provide financial subsidy for students from lower-income communities who lack the requisite financial resources to meet the consistently rising costs of higher education. Scholarship recipients are carefully screened by a special committee made up of community leaders, local entrepreneurs, and educators serving on a volunteer basis.
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IRS990/PYOtherRevenueAmt0-4522
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt087720
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt054545
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt084016
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt082292
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0173173
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0481746
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearAmt035000
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt035000
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt014825
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt014825
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IRS990ScheduleA/PublicSupportCY170Pct00.97211
IRS990ScheduleA/PublicSupportPY170Pct01
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt084016
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt082292
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0173173
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IRS990ScheduleA/TotalSupportAmt0531571
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
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IRS990/ScheduleBRequiredInd01
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IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt021750
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IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt03472
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Juneteenth Festival
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IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageOtherEventsAmt00
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt025985
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt04235
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IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-26304
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IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt09567
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IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt017500
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0Rainbow Dreams LLC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt1Rainbow Dreams LLC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine2Txt0Diane Pollard
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine2Txt1Diane Pollard
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0Family Relationship
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1Family Relationship
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd10
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt1504095
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Purchase of Property
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1Purchase of Property
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine1Txt0Rainbow Dreams LLC
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0Key Employee
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IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Form 990, Part VI, Section B, Line 11b - Reviewed by email distribution
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Form 990, Part VI, Section B, Line 12c - Any potential issues are discussed during board meetings
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Form 990, Part VI, Section C, Line 19 - Available upon request
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Scholarship Program - $5,350.00. Programs for Rainbow Dreams Academy - $22,000; In-kind and related expenses for Juneteenth Festival.
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 C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part IX, Line 24e
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0464994414
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0S
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0General Business
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0Rainbow Dreams LLC
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfTotalIncomeAmt00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt0PO Box 34271
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0Las Vegas

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Filings

Displayed year

2021 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$540,898
Liabilities
$36,072
Net assets
$504,826
Revenue
$85,545
Expenses
$197,672
Net income
-$112,127
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.39$0.01$0.38$0.21$0.23$0.02
2023Detailed filing. Detailed filing data is available for this year.$0.43$0.06$0.37$0.13$0.22$0.08
2022Detailed filing. Detailed filing data is available for this year.$0.45$0.00$0.45$0.19$0.29$0.10
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.54$0.04$0.50$0.09$0.20$0.11
2020Detailed filing. Detailed filing data is available for this year.$0.58$0.01$0.56$0.05$0.06$0.01
2019Detailed filing. Detailed filing data is available for this year.$5.93$3.97$1.97$0.10$0.13$0.02
2018Detailed filing. Detailed filing data is available for this year.$6.15$4.17$1.99$0.07$0.13$0.05
2017Detailed filing. Detailed filing data is available for this year.$6.43$4.39$2.04$0.20$0.19$0.01
2016Detailed filing. Detailed filing data is available for this year.$6.70$4.67$2.03$0.29$0.18$0.11
2015Summary only. Only limited summary data is available for this year.$6.40$4.58$1.82$0.04$0.12$0.08
2014Detailed filing. Detailed filing data is available for this year.$6.58$4.66$1.91$0.58$0.55$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.79$4.91$1.89$0.63
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.16$5.17$1.99$0.78
2011Summary only. Only limited summary data is available for this year.$7.22$4.87$2.35$0.20$0.24$0.04
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.31$4.92$2.39$0.03