Civic Intelligence

Rainbow Rising Inc

990 • Fiscal year 2014 • EIN 95-4185139

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 03, 2015

2154 Monterey Blvd No BHermosa Beach, CA 90254

(310) 379-4912

Siviq Scores

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

Liabilities / Assets

46th percentile

0.08x

Higher debt load relative to assets than 46% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

28th percentile

0.03x

Higher debt load relative to revenue than 28% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

33rd percentile

-2.1%

Higher net margin than 33% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

99th percentile

$1,005,000

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 27.4% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

52nd percentile

2.6%

Faster asset growth than 52% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

76th percentile

20%

Faster revenue growth than 76% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Assets

Up

$1,348,338

Up $34,515 (+2.6%) from 2013

Net Assets

Down

$1,235,915

Down $77,908 (-5.9%) from 2013

Liabilities

Up

$112,423

Up $112,423 from 2013

Revenue

Up

$3,669,561

Up $624,090 (+20%) from 2013

Expenses

Up

$3,747,375

Up $984,556 (+36%) from 2013

Net Income

Down

-$77,814

Down $360,466 (-128%) from 2013

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2010: $689,479Liabilities 2010: $0Net Assets 2010: $689,4792010Assets 2011: $712,534Liabilities 2011: $0Net Assets 2011: $712,5342011Assets 2012: $901,367Liabilities 2012: $0Net Assets 2012: $901,3672012Assets 2013: $1,313,823Liabilities 2013: $0Net Assets 2013: $1,313,8232013Assets 2014: $1,348,338Liabilities 2014: $112,423Net Assets 2014: $1,235,9152014Assets 2015: $1,656,765Liabilities 2015: $101,048Net Assets 2015: $1,555,7172015Assets 2016: $1,970,535Liabilities 2016: $50,302Net Assets 2016: $1,920,2332016Assets 2017: $2,580,653Liabilities 2017: $303,275Net Assets 2017: $2,277,3782017Assets 2018: $2,988,525Liabilities 2018: $64,168Net Assets 2018: $2,924,3572018Assets 2019: $5,081,043Liabilities 2019: $96,041Net Assets 2019: $4,985,0022019Assets 2020: $7,016,078Liabilities 2020: $303,083Net Assets 2020: $6,712,9952020Assets 2021: $11,013,400Liabilities 2021: $438,318Net Assets 2021: $10,575,0822021Assets 2022: $11,778,573Liabilities 2022: $109,044Net Assets 2022: $11,669,5292022Assets 2023: $16,465,328Liabilities 2023: $151,458Net Assets 2023: $16,313,8702023Assets 2024: $22,383,121Liabilities 2024: $304,539Net Assets 2024: $22,078,5822024

Highlighted filing

2014

Assets$1,348,338
Liabilities$112,423
Net Assets$1,235,915

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2010: $2,068,3942010Expenses 2011: $2,290,0022011Revenue 2012: $2,773,819Expenses 2012: $2,577,806Net Income 2012: $196,0132012Revenue 2013: $3,045,471Expenses 2013: $2,762,819Net Income 2013: $282,6522013Revenue 2014: $3,669,561Expenses 2014: $3,747,375Net Income 2014: -$77,8142014Revenue 2015: $4,868,935Expenses 2015: $4,511,966Net Income 2015: $356,9692015Revenue 2016: $5,382,835Expenses 2016: $5,158,045Net Income 2016: $224,7902016Revenue 2017: $6,511,069Expenses 2017: $6,484,815Net Income 2017: $26,2542017Revenue 2018: $8,277,952Expenses 2018: $7,476,544Net Income 2018: $801,4082018Revenue 2019: $9,370,689Expenses 2019: $7,933,082Net Income 2019: $1,437,6072019Revenue 2020: $6,051,126Expenses 2020: $5,330,660Net Income 2020: $720,4662020Revenue 2021: $8,901,591Expenses 2021: $5,792,844Net Income 2021: $3,108,7472021Revenue 2022: $10,128,384Expenses 2022: $7,791,325Net Income 2022: $2,337,0592022Revenue 2023: $12,756,558Expenses 2023: $9,535,722Net Income 2023: $3,220,8362023Revenue 2024: $13,963,903Expenses 2024: $10,011,861Net Income 2024: $3,952,0422024

Highlighted filing

2014

Revenue$3,669,561
Expenses$3,747,375
Net Income-$77,814
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 3, 2015
Return Version
2014v5.0
Gross Receipts
$3,687,393
Mission and Program Overview

Mission

Rainbow rising was established in 1989 for the sole purpose of meeting the needs of school age children in irvine, ca.

Rainbow rising was established in 1989 for the sole purpose of meeting the needs of school age children in irvine. Ca.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$961,737$1,033,526▲ $71,789
Savings and Temporary Cash Investments-$194,139-
Cash and Non-Interest-Bearing Accounts$356,440$108,855▼ $247,585
Land, Buildings, and Equipment, Net$0$11,818▲ $11,818
Total Assets$1,318,177$1,348,338▲ $30,161
Liabilities
Accounts Payable and Accrued Expenses-$112,423-
Total Liabilities$0$112,423▲ $112,423
Net Assets / Fund Balance
Unrestricted Net Assets$1,318,177$1,235,915▼ $82,262
Total Net Assets Fund Balance$1,318,177$1,235,915▼ $82,262
Total Liabilities and Net Assets / Fund Balance$1,318,177$1,348,338▲ $30,161

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$178$32,962$33,140
Equipment$11,640$695$12,335
Compensation and Service Providers

Board Members and Trustees

NameTitle
Frederick PorterChairman of the Board
Dean PorterBoard Member
Elizabeth SampsonBoard Member
PEGGY O'SULLIVANBoard Member
Aubrey LizabethSecretary
Randi MillsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,628,767
Investment Income
$24,557
Other Revenue
$16,237
Change in Net Assets
$-77,814

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,669,561
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$85,487
Total Revenue per Audited Statements
$3,755,048
Total Revenue per Form 990
$3,669,561
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,182,626
Salaries, Compensation, and Employee Benefits$1,564,749
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,311,511$18,757-$1,330,268
Fees for Services Management$466,276$82,284-$548,560
Occupancy$403,596$85,263-$488,859
Other Employee Benefits$119,144$2,797-$121,941
Payroll Taxes$110,987$1,553-$112,540
All Other Expenses$90,279$5,347-$95,626
Other Expenses$74,182$83,005-$74,182
Fees for Services Other$1,381$39,028-$40,409
Office Expenses$25,609$10,408-$36,017
Fees for Services Accounting$1,416$33,974-$35,390
Insurance$12,645--$12,645
Travel$11,007--$11,007
Depreciation Depletion$2,433--$2,433
Total Functional Expenses$3,384,959$362,416$0$3,747,375

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,747,375
Total Expenses per Audited Statements$3,747,375
Total Expenses per Form 990$3,747,375
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-ORGANIZATION'S BOARD CHAIR IS THE 100% SHAREHOLDER OF RAINBOW RIVER INC.Fees for Direct ServicesNo$470,363
-ORGANIZATION'S BOARD CHAIR IS THE 100% SHAREHOLDER OF RAINBOW RIVER INC.Management FeesNo$466,276
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
Yes
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
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 2

Frederick porter and dean porter , officer and board member of rainbow rising inc. Are brothers. Dean porter and peggy o'sullivan are husband and wife, both board members of the organization.

Form 990, Part VI, Section A, Line 3

Management duties have been delegated to rainbow river inc., a for-profit corporation specializing in direct services and management of child care centers.

Form 990, Part VI, Section B, Line 11

The form 990 is reviewed by the board and a copy of the from 990 is given to all members before filing.

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

The conflict of interest policy is monitored annually by the organization through questionnaires that are administered to all board members. Any conflicts that may exist are required to be disclosed to the organization. The ceo, board chair and board secretary are responsible for monitoring the compliance of the policy.

Form 990, Part VI, Section B, Line 15

The salary of all staff is reviewed by the entire governing body as part of the budget review and approval process. The compensation for management is determined through a comparison of salaries based on the center for nonprofit management's compensation survey.

Form 990, Part VI, Section C, Line 19

The governing documents, conflict of interest policy and financial statements are available upon request. Financial statements are also available on the organization's website.

Filing and Contact Details

Filer

Filer Name
Rainbow Rising Inc
EIN
95-4185139
Phone
3103794912
Address
2154 MONTEREY BLVD NO B, HERMOSA BEACH, CA 90254

Signing Officer

Name
Frederick Porter
Title
Chairman of the Board
Phone
3103794912
Signed
2015-11-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Frederick Porter
Formed
1989
Legal Domicile
CA
Voting Board Members
6
Independent Board Members
6
Employees
90
Volunteers
0

Preparer

Firm
Lawrence R Mitchell & Company Cpas
Address
880 APOLLO STREET SUITE 140, EL SEGUNDO, CA 90245
Preparer
Lawrence Mitchell CPA
Phone
3105631010
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Cumulative accrual basis adjs thru 12-31-13 per financial stmt audit -89,935.

FORM 990, PART XII, LINE 1:

Effective january 1, 2014, the organization changed its method of accounting for information return reporting from the cash basis to the accrual basis of accounting, to be consistent with the reporting of the organization's annual financial statment audits.

Form 990, Part XII, Line 2C

No changes were made to the oversight process or selection process during the tax year, as compared to the prior year tax year.

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IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03045471
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-77814
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt03628767
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0194139
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME - 2011 AMOUNT: $ 13,737. 2012 AMOUNT: $ 4,643. 2013 AMOUNT: $ 0. 2014 AMOUNT: $ 16,237.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt024557
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt035357
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt015202
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt012861
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0-3502
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt084475
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt03628767
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt03010114
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt02748400
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt02298210
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01990627
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt013676118
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt024557
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt035357
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt015202
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt012861
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0-3502
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt084475
IRS990ScheduleA/InvestmentIncomeCYPct00.00610
IRS990ScheduleA/InvestmentIncomePYPct00.00600
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt016237
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt04643
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt013737
IRS990ScheduleA/OtherIncome509Grp/TotalAmt034617
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99140
IRS990ScheduleA/PublicSupportPY509Pct00.99000
IRS990ScheduleA/PublicSupportTotal509Amt013676118
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt03628767
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt03010114
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt02748400
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt02298210
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01990627
IRS990ScheduleA/Total509Grp/TotalAmt013676118
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt03669561
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt03045471
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt02768245
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt02324808
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01987125
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt013795210
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt011640
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0695
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt012335
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt03747375
IRS990ScheduleD/NetUnrealizedGainsInvstAmt085487
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0178
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt032962
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt033140
IRS990ScheduleD/RevenueNotReportedAmt085487
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03669561
IRS990ScheduleD/TotalBookValueLandBuildingsAmt011818
IRS990ScheduleD/TotalExpensesPerForm990Amt03747375
IRS990ScheduleD/TotalRevenuePerForm990Amt03669561
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03755048
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03747375
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt01005000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0FREDERICK PORTER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CHAIRMAN OF THE BOARD
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt01005000
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0FREDERICK PORTER (CHAIRMAN OF THE BOARD OF THE ORGANIZATION) IS THE 100% SHAREHOLDER OF RAINBOW RIVER INC., A CORPORATION PROVIDING MANAGEMENT AND DIRECT SERVICES TO THE ORGANIZATION FOR FEES BASED ON A PERCENTAGE OF THE ORGANIZATION'S GROSS INCOME. FREDERICK PORTER WAS PAID SALARY FROM RAINBOW RIVER INC.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0RAINBOW RIVER INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt1RAINBOW RIVER INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0ORGANIZATION'S BOARD CHAIR IS THE 100% SHAREHOLDER OF RAINBOW RIVER INC.
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1ORGANIZATION'S BOARD CHAIR IS THE 100% SHAREHOLDER OF RAINBOW RIVER INC.
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd10
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0466276
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt1470363
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0MANAGEMENT FEES
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1FEES FOR DIRECT SERVICES
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FREDERICK PORTER AND DEAN PORTER , OFFICER AND BOARD MEMBER OF RAINBOW RISING INC. ARE BROTHERS. DEAN PORTER AND PEGGY O'SULLIVAN ARE HUSBAND AND WIFE, BOTH BOARD MEMBERS OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MANAGEMENT DUTIES HAVE BEEN DELEGATED TO RAINBOW RIVER INC., A FOR-PROFIT CORPORATION SPECIALIZING IN DIRECT SERVICES AND MANAGEMENT OF CHILD CARE CENTERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 IS REVIEWED BY THE BOARD AND A COPY OF THE FROM 990 IS GIVEN TO ALL MEMBERS BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CONFLICT OF INTEREST POLICY IS MONITORED ANNUALLY BY THE ORGANIZATION THROUGH QUESTIONNAIRES THAT ARE ADMINISTERED TO ALL BOARD MEMBERS. ANY CONFLICTS THAT MAY EXIST ARE REQUIRED TO BE DISCLOSED TO THE ORGANIZATION. THE CEO, BOARD CHAIR AND BOARD SECRETARY ARE RESPONSIBLE FOR MONITORING THE COMPLIANCE OF THE POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE SALARY OF ALL STAFF IS REVIEWED BY THE ENTIRE GOVERNING BODY AS PART OF THE BUDGET REVIEW AND APPROVAL PROCESS. THE COMPENSATION FOR MANAGEMENT IS DETERMINED THROUGH A COMPARISON OF SALARIES BASED ON THE CENTER FOR NONPROFIT MANAGEMENT'S COMPENSATION SURVEY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FINANCIAL STATEMENTS ARE ALSO AVAILABLE ON THE ORGANIZATION'S WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6CUMULATIVE ACCRUAL BASIS ADJS THRU 12-31-13 PER FINANCIAL STMT AUDIT -89,935.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7EFFECTIVE JANUARY 1, 2014, THE ORGANIZATION CHANGED ITS METHOD OF ACCOUNTING FOR INFORMATION RETURN REPORTING FROM THE CASH BASIS TO THE ACCRUAL BASIS OF ACCOUNTING, TO BE CONSISTENT WITH THE REPORTING OF THE ORGANIZATION'S ANNUAL FINANCIAL STATMENT AUDITS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8NO CHANGES WERE MADE TO THE OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR, AS COMPARED TO THE PRIOR YEAR TAX YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XII, LINE 1:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XII, LINE 2C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01318177
IRS990/TotalAssetsEOYAmt01348338
IRS990/TotalAssetsGrp/BOYAmt01318177
IRS990/TotalAssetsGrp/EOYAmt01348338
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt090
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0362416
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03384959
IRS990/TotalFunctionalExpensesGrp/TotalAmt03747375
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt0112423
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt0112423
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01318177
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01235915
IRS990/TotalOtherCompensationAmt00

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.$22.4$0.30$22.1$14.0$10.0$3.95
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.5$0.15$16.3$12.8$9.54$3.22
2022Detailed filing. Detailed filing data is available for this year.$11.8$0.11$11.7$10.1$7.79$2.34
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.0$0.44$10.6$8.90$5.79$3.11
2020Detailed filing. Detailed filing data is available for this year.$7.02$0.30$6.71$6.05$5.33$0.72
2019Detailed filing. Detailed filing data is available for this year.$5.08$0.10$4.99$9.37$7.93$1.44
2018Detailed filing. Detailed filing data is available for this year.$2.99$0.06$2.92$8.28$7.48$0.80
2017Detailed filing. Detailed filing data is available for this year.$2.58$0.30$2.28$6.51$6.48$0.03
2016Detailed filing. Detailed filing data is available for this year.$1.97$0.05$1.92$5.38$5.16$0.22
2015Detailed filing. Detailed filing data is available for this year.$1.66$0.10$1.56$4.87$4.51$0.36
2014Detailed filing. Detailed filing data is available for this year.$1.35$0.11$1.24$3.67$3.75$0.08
2013Detailed filing. Detailed filing data is available for this year.$1.31$0.00$1.31$3.05$2.76$0.28
2012Summary only. Only limited summary data is available for this year.$0.90$0.00$0.90$2.77$2.58$0.20
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.71$0.00$0.71$2.29
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.69$0.00$0.69$2.07