Civic Intelligence

Rainbow Dreams Educational Foundation

990 • Fiscal year 2023 • EIN 88-0430382

Jul 01, 2022 to Jun 30, 2023 • Filed on Feb 09, 2024

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

82nd percentile

0.14x

Higher debt load relative to assets than 82% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

92nd percentile

0.46x

Higher debt load relative to revenue than 92% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

8th percentile

-64%

Higher net margin than 8% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

37th percentile

-6.2%

Faster asset growth than 37% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

18th percentile

-32%

Faster revenue growth than 18% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets82nd percentile

Assets

Down

$426,595

Down $28,132 (-6.2%) from 2022

Net Assets

Down

$366,331

Down $87,050 (-19%) from 2022

Liabilities

Up

$60,264

Up $58,918 (+4377%) from 2022

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin8th percentile

Revenue

Down

$132,055

Down $60,749 (-32%) from 2022

Expenses

Down

$217,041

Down $77,296 (-26%) from 2022

Net Income

Up

-$84,986

Up $16,547 (+16%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth37th 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

2023

Assets$426,595
Liabilities$60,264
Net Assets$366,331
Open 2023 Filing

Operations Trend

Revenue Growth18th 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

2023

Revenue$132,055
Expenses$217,041
Net Income-$84,986
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Feb 9, 2024
Return Version
2022v5.0
Gross Receipts
$132,055
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
Other Notes and Loans Receivable, Net$412,841$390,760▼ $22,081
Cash and Non-Interest-Bearing Accounts$26,750$26,483▼ $267
Accounts Receivable$14,890--
Pledges and Grants Receivable$0$7,819▲ $7,819
Prepaid Expenses and Deferred Charges$144$1,533▲ $1,389
Savings and Temporary Cash Investments$0$0→ $0
Loans From Officers Directors$0--
Total Assets$454,625$426,595▼ $28,030
Liabilities
Accounts Payable and Accrued Expenses$3,308$60,264▲ $56,956
Grants Payable$0--
Mortgage Notes Payable Secured by Investment Property$0--
Unsecured Notes Loans Payable$0--
Deferred Revenue$0--
Escrow Account Liability$0--
Tax Exempt Bond Liabilities$0--
Total Liabilities$3,308$60,264▲ $56,956
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$451,317$366,331▼ $84,986
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$451,317$366,331▼ $84,986
Total Liabilities and Net Assets / Fund Balance$454,625$426,595▼ $28,030
Compensation and Service Providers
Top Officer Pay78th percentile

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$121,136
Program Service Revenue
$0
Investment Income
$10,919
Other Revenue
$0
All Other Contributions
$6,912
Change in Net Assets
$-84,986

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$132,041
Salaries, Compensation, and Employee Benefits$85,000
Total Fundraising Expense$59,284
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$97,790$1,200$0$98,990
Current Officers, Directors, Trustees, and Key Employees$25,500$8,500$51,000$85,000
Fees for Services Other$21,125$106$7,625$28,856
Office Expenses$299$1,082$659$2,040
Insurance$0$703$0$703
Other Expenses$0$144$0$144
Total Functional Expenses$144,714$13,043$59,284$217,041
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
The HBCU PromiseLas Vegas, NV-To foster association, alliance, and access for student success through a partnership of Historically Black Colleges and Universities and community organizations dedicated to the sustainability and growth of HBCUs and African American males in pursuit of higher education.$38,918
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$197,418$162,418$59,694$102,724
Total Events$197,418$162,418$83,194$79,224
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
Loans 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
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
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 A, Line 2

“Diane Pollard, Executive Director & Debra Toney, Board Chair are sisters.”

Form 990, Part VI, Section B, Line 11B

“Reviewed by email distribution”

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

“Any potential issues are discussed during board meetings.”

Form 990, Part VI, Section C, Line 19

“Upon Receipt”

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
2024-02-09
Discuss with paid preparer
No

Organization Details

Principal Officer
Debra Toney
Formed
1999
Legal Domicile
Nv
Voting Board Members
7
Independent Board Members
7
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 11G

“Accounting, Scholarship Consultant, Grant Consultant, Fundraising Consultant, Expenses”

Form 990, Part IX, Line 24E

“Donations and operating expenses paid on behalf of Rainbow Dreams Academy and Scholarship Expenses paid to HBCU Promise and other recipients.”

Raw XML AppendixShowing 400 of 519 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt03308
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt060264
IRS990/AccountsReceivableGrp/BOYAmt014890
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0To strengthen and support historically underserved communities in southern Nevada through educational and cultural programs and services.
IRS990/AllOtherContributionsAmt06912
IRS990/AllOtherExpensesGrp/FundraisingAmt00
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt01200
IRS990/AllOtherExpensesGrp/ProgramServicesAmt097790
IRS990/AllOtherExpensesGrp/TotalAmt098990
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0MeLann's Unlimited LLC
IRS990/BooksInCareOfDetail/PhoneNum07028969522
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt010541 Allegrini Drive
IRS990/BooksInCareOfDetail/USAddress/CityNm0Las Vegas
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NV
IRS990/BooksInCareOfDetail/USAddress/ZIPCd089141
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt026750
IRS990/CashNonInterestBearingGrp/EOYAmt026483
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt051000
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt08500
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt025500
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt085000
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContriRptFundraisingEventAmt00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0121136
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt010919
IRS990/CYOtherExpensesAmt0132041
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-84986
IRS990/CYSalariesCompEmpBnftPaidAmt085000
IRS990/CYTotalExpensesAmt0217041
IRS990/CYTotalFundraisingExpenseAmt059284
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0132055
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd01
IRS990/DeferredRevenueGrp/BOYAmt00
IRS990/DelegationOfMgmtDutiesInd00
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.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonatedServicesAndUseFcltsAmt00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt00
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/EscrowAccountLiabilityGrp/BOYAmt00
IRS990/ExpenseAmt055072
IRS990/FamilyOrBusinessRlnInd01
IRS990/FederalGrantAuditRequiredInd00
IRS990/FederatedCampaignsAmt00
IRS990/FeesForServicesOtherGrp/FundraisingAmt07625
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt0106
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt021125
IRS990/FeesForServicesOtherGrp/TotalAmt028856
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form1098CFiledInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form8899Filedind00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/PersonNm0Dr Christine Clark
IRS990/Form990PartVIISectionAGrp/PersonNm1Hannah Brown
IRS990/Form990PartVIISectionAGrp/PersonNm2Marie Ray Scott
IRS990/Form990PartVIISectionAGrp/PersonNm3David Pulliam
IRS990/Form990PartVIISectionAGrp/PersonNm4Cindy Braden
IRS990/Form990PartVIISectionAGrp/PersonNm5Stacy Parker
IRS990/Form990PartVIISectionAGrp/PersonNm6Dr Debra Toney
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/TitleTxt0Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt1Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt2Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt3Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt4Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt5Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt6President
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01999
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt0114224
IRS990/FundraisingDirectExpensesAmt00
IRS990/FundraisingGrossIncomeAmt00
IRS990/GainOrLossGrp/OtherAmt00
IRS990/GainOrLossGrp/SecuritiesAmt00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GovernmentGrantsAmt00
IRS990/GrantAmt00
IRS990/GrantsPayableGrp/BOYAmt00
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0132055
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IncmFromInvestBondProceedsGrp/ExclusionAmt00
IRS990/IncmFromInvestBondProceedsGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IncmFromInvestBondProceedsGrp/UnrelatedBusinessRevenueAmt00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InitialReturnInd0X
IRS990/InsuranceGrp/FundraisingAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt0703
IRS990/InsuranceGrp/ProgramServicesAmt00
IRS990/InsuranceGrp/TotalAmt0703
IRS990/InvestmentExpenseAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt00
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt010919
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt010919
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt00
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt08
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0NV
IRS990/LoanOutstandingInd00
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0To strengthen and support historically underserved communities in southern Nevada through educational and cultural programs and services.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt0451317
IRS990/NetAssetsOrFundBalancesEOYAmt0366331
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0451317
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0366331
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt035000
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/FundraisingAmt0659
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01082
IRS990/OfficeExpensesGrp/ProgramServicesAmt0299
IRS990/OfficeExpensesGrp/TotalAmt02040
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0Business Expenses
IRS990/OtherExpensesGrp/Desc1Miscellaneous Expenses
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01308
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1144
IRS990/OtherExpensesGrp/ProgramServicesAmt00
IRS990/OtherExpensesGrp/ProgramServicesAmt10
IRS990/OtherExpensesGrp/TotalAmt01308
IRS990/OtherExpensesGrp/TotalAmt1144
IRS990/OtherRevenueTotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0412841
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0390760
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt07819
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0144
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01533
IRS990/PrincipalOfficerNm0Debra Toney
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
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/ExpenseAmt045724
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0197418
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.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt043918
IRS990/ProgSrvcAccomActy3Grp/GrantAmt00
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0179401
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt013403
IRS990/PYOtherExpensesAmt0209337
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-101533
IRS990/PYSalariesCompEmpBnftPaidAmt085000
IRS990/PYTotalExpensesAmt0294337
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0192804
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-84986
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0121136
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0194488
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt087720
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt054545
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt084016
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0541905
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearAmt035000
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus1YearAmt035000
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus2YearsAmt035000
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt0105000
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt010919
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt013403
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt014825
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt039147
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.94294
IRS990ScheduleA/PublicSupportPY170Pct00.95305
IRS990ScheduleA/PublicSupportTotal170Amt0646905
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0156136
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0229488
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0122720
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt054545
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt084016
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0646905
IRS990ScheduleA/TotalSupportAmt0686052
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesEvent1Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesTotalEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt035000
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt035000
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt083194
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt023500
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentOtherEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt023500
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Juneteenth Festival
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageOtherEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0197418
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0197418
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0162418
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0162418
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt079224
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt059694
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt059694
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt00
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt038918
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0To foster association, alliance, and access for student success through a partnership of Historically Black Colleges and Universities and community organizations dedicated to the sustainability and growth of HBCUs and African American males in pursuit of higher education.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0The HBCU Promise
IRS990ScheduleI/RecipientTable/RecipientEIN0842968970
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0PO Box 72824
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Las Vegas
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NV
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd089170
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0Cash Basis
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0Funds are monitored by monthly reporting provided by the HBCU Promise.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule I, Part I, Line 2
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/Form8283ReceivedCnt00
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt01
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0World Market Center
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0Stated Value
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt00
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd01
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Diane Pollard, Executive Director & Debra Toney, Board Chair are sisters.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Reviewed by email distribution
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Any potential issues are discussed during board meetings.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Upon Receipt
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Accounting, Scholarship Consultant, Grant Consultant, Fundraising Consultant, Expenses
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Donations and operating expenses paid on behalf of Rainbow Dreams Academy and Scholarship Expenses paid to HBCU Promise and other recipients.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 2
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 C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 24e
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0464994414
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0S
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0NV
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0General Business
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0Rainbow Dreams LLC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt0PO Box 34271
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0Las Vegas
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0NV
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd089133

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$426,595
Liabilities
$60,264
Net assets
$366,331
Revenue
$132,055
Expenses
$217,041
Net income
-$84,986
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