Civic Intelligence

Rainbow Rising Inc

990 • Fiscal year 2022 • EIN 95-4185139

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 02, 2023

Organization ProfileRAINBOWRISING.ORG

View Organization Page

2154 Monterey Blvd 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

14th percentile

0.01x

Higher debt load relative to assets than 14% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

9th percentile

0.01x

Higher debt load relative to revenue than 9% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Net Margin

74th percentile

23%

Higher net margin than 74% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

59th percentile

$205,067

Higher top officer pay than 59% of similar nonprofits.

Top officer pay equals 2.0% of source-year revenue.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Asset Growth

66th percentile

6.9%

Faster asset growth than 66% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

65th percentile

14%

Faster revenue growth than 65% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets14th percentile

Assets

Up

$11,778,573

Up $765,173 (+6.9%) from 2021

Net Assets

Up

$11,669,529

Up $1,094,447 (+10%) from 2021

Liabilities

Down

$109,044

Down $329,274 (-75%) from 2021

Revenue And Expenses
Liabilities / Revenue9th percentileNet Margin74th percentile

Revenue

Up

$10,128,384

Up $1,226,793 (+14%) from 2021

Expenses

Up

$7,791,325

Up $1,998,481 (+34%) from 2021

Net Income

Down

$2,337,059

Down $771,688 (-25%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth66th percentile

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

2022

Assets$11,778,573
Liabilities$109,044
Net Assets$11,669,529
Open 2022 Filing

Operations Trend

Revenue Growth65th percentile

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

2022

Revenue$10,128,384
Expenses$7,791,325
Net Income$2,337,059
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 2, 2023
Return Version
2022v5.0
Gross Receipts
$10,184,973
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$5,007,682$6,679,851▲ $1,672,169
Investments in Publicly Traded Securities$4,756,263$4,023,266▼ $732,997
Savings and Temporary Cash Investments$64,446$65,664▲ $1,218
Land, Buildings, and Equipment, Net$47,409$29,165▼ $18,244
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$11,013,400$11,778,573▲ $765,173
Other Assets Total$1,137,600$980,627▼ $156,973
Liabilities
Other Liabilities$404,106--
Accounts Payable and Accrued Expenses$34,212$109,044▲ $74,832
Total Liabilities$438,318$109,044▼ $329,274
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$10,575,082$11,669,529▲ $1,094,447
Total Net Assets Fund Balance$10,575,082$11,669,529▲ $1,094,447
Total Liabilities and Net Assets / Fund Balance$11,013,400$11,778,573▲ $765,173

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$19,982$89,750$109,732
Equipment$9,183$55,559$64,742
Other Assets Org$872,837--
Compensation and Service Providers
Top Officer Pay59th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Lindsay CullenEmployeeFT$205,067$205,067
Tejal PatelEmployeeFT$204,897$204,897

Board Members and Trustees

NameTitle
Frederick PorterChairman
Dean PorterMember
PEGGY O'SULLIVANMember
Aubrey LizabethSecretary
Randi MillsTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Rainbow RiverManagement Fees2154 MONTEREY BLVD, Hermosa Beach, CA 90254$758,104
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$10,108,056
Investment Income
$20,328
Other Revenue
$0
Change in Net Assets
$2,337,059

Audited Revenue Reconciliation

Revenue per Audited Statements
$10,128,384
Revenue Not Reported on Form 990
$-1,242,612
Total Revenue per Audited Statements
$8,885,772
Total Revenue per Form 990
$10,128,384
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,858,824
Other Expenses$2,932,501
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,712,108$53,090-$3,765,198
Occupancy$989,333$27,000-$1,016,333
Current Officers, Directors, Trustees, and Key Employees$404,184$5,780-$409,964
Fees for Services Management$322,194$56,858-$379,052
Other Employee Benefits$365,218$7,778-$372,996
Payroll Taxes$290,614$20,052-$310,666
All Other Expenses$94,344$122,285-$216,629
Office Expenses$166,678$32,698-$199,376
Other Expenses$150,674$56,858-$150,674
Fees for Services Other$4,325$112,896-$117,221
Insurance$26,505--$26,505
Depreciation Depletion$18,244--$18,244
Travel$17,395--$17,395
Total Functional Expenses$7,296,030$495,295$0$7,791,325

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$7,791,325
Total Expenses per Audited Statements$7,791,325
Total Expenses per Form 990$7,791,325
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
-Board MemberFees for Direct SvcNo$379,052
Rick PorterBoard MemberManagement FeesNo$379,052
-Board MemberLease PaymentsNo$54,000

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables 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
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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 11B

“The form 990 is reviewed by the board and a copy of the form 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 15A

“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 18

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

Form 990, Part VI, Section C, Line 19

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Rainbow Rising Inc
EIN
95-4185139
Phone
3103794912
Address
2154 MONTEREY BLVD B, HERMOSA BEACH, CA 90254

Signing Officer

Name
Frederick Porter
Title
Chairman
Signed
2023-11-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Frederick Porter
Formed
1989
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
4
Employees
194

Preparer

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

Additional Explanations

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 statement audits.”

Raw XML AppendixShowing 400 of 511 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.

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IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt032698
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IRS990/OtherExpensesGrp/Desc1PROGRAM SUPPLIES
IRS990/OtherExpensesGrp/Desc2SNACKS FOR STUDENTS
IRS990/OtherExpensesGrp/Desc3FIELD TRIPS
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IRS990/OtherExpensesGrp/ProgramServicesAmt1259117
IRS990/OtherExpensesGrp/ProgramServicesAmt2152903
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IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt020052
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IRS990/PayrollTaxesGrp/TotalAmt0310666
IRS990/PensionPlanContributionsGrp/TotalAmt00
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IRS990/PoliticalCampaignActyInd0false
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IRS990/PrincipalOfficerNm0FREDERICK PORTER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/Desc0TUITION FEES
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IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt02040995
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IRS990/PYOtherRevenueAmt0100235
IRS990/PYProgramServiceRevenueAmt06727368
IRS990/PYRevenuesLessExpensesAmt03108747
IRS990/PYSalariesCompEmpBnftPaidAmt03361231
IRS990/PYTotalExpensesAmt05792844
IRS990/PYTotalRevenueAmt08901591
IRS990/QuidProQuoContributionsInd0false
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IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt02337059
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt010108056
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt064446
IRS990/SavingsAndTempCashInvstGrp/EOYAmt065664
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt03218741
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt043767
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt010108056
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt06727368
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt04822320
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt09321716
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt08231833
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt039211293
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt043767
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt043767
IRS990ScheduleA/InvestmentIncomeCYPct00.00100
IRS990ScheduleA/InvestmentIncomePYPct00.00440
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99900
IRS990ScheduleA/PublicSupportPY509Pct00.99360
IRS990ScheduleA/PublicSupportTotal509Amt042430034
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt010108056
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt08768363
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt06000066
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt09321716
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt08231833
IRS990ScheduleA/Total509Grp/TotalAmt042430034
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt010151823
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt08768363
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt06000066
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt09321716
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt08231833
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt042473801
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt09183
IRS990ScheduleD/EquipmentGrp/DepreciationAmt055559
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt064742
IRS990ScheduleD/ExpensesSubtotalAmt07791325
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-1242612
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0107790
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1872837
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DUE FROM RELATED PARTY
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1ERC RECEIVABLE
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt019982
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt089750
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0109732
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IRS990ScheduleD/RevenueSubtotalAmt010128384
IRS990ScheduleD/TotalBookValueLandBuildingsAmt029165
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0980627
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1TEJAL PATEL
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1204897
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0RAINBOW RIVER INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt1RAINBOW RIVER INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0RICK PORTER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0BOARD MEMBER
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt2BOARD MEMBER
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt1379052
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt254000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0MANAGEMENT FEES
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1FEES FOR DIRECT SVC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc2LEASE PAYMENTS

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$11,778,573
Liabilities
$109,044
Net assets
$11,669,529
Revenue
$10,128,384
Expenses
$7,791,325
Net income
$2,337,059
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