Civic Intelligence

Rainbow Rising Inc

990 • Fiscal year 2023 • EIN 95-4185139

Jan 01, 2023 to Dec 31, 2023 • Filed on Oct 25, 2024

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

15th percentile

0.01x

Higher debt load relative to assets than 15% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

9th percentile

0.01x

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

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

80th percentile

25%

Higher net margin than 80% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

69th percentile

$245,109

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 1.9% of source-year revenue.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

88th percentile

40%

Faster asset growth than 88% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

78th percentile

26%

Faster revenue growth than 78% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets15th percentile

Assets

Up

$16,465,328

Up $4,686,755 (+40%) from 2022

Net Assets

Up

$16,313,870

Up $4,644,341 (+40%) from 2022

Liabilities

Up

$151,458

Up $42,414 (+39%) from 2022

Revenue And Expenses
Liabilities / Revenue9th percentileNet Margin80th percentile

Revenue

Up

$12,756,558

Up $2,628,174 (+26%) from 2022

Expenses

Up

$9,535,722

Up $1,744,397 (+22%) from 2022

Net Income

Up

$3,220,836

Up $883,777 (+38%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth88th 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

2023

Assets$16,465,328
Liabilities$151,458
Net Assets$16,313,870
Open 2023 Filing

Operations Trend

Revenue Growth78th 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

2023

Revenue$12,756,558
Expenses$9,535,722
Net Income$3,220,836
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Oct 25, 2024
Return Version
2023v5.1
Gross Receipts
$12,844,021
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$6,679,851$7,933,148▲ $1,253,297
Investments in Publicly Traded Securities$4,023,266$6,997,530▲ $2,974,264
Savings and Temporary Cash Investments$65,664$1,230,397▲ $1,164,733
Accounts Receivable-$189,588-
Land, Buildings, and Equipment, Net$29,165$14,665▼ $14,500
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$11,778,573$16,465,328▲ $4,686,755
Other Assets Total$980,627$100,000▼ $880,627
Liabilities
Other Liabilities-$82,319-
Accounts Payable and Accrued Expenses$109,044$69,139▼ $39,905
Total Liabilities$109,044$151,458▲ $42,414
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$11,669,529$16,313,870▲ $4,644,341
Total Net Assets Fund Balance$11,669,529$16,313,870▲ $4,644,341
Total Liabilities and Net Assets / Fund Balance$11,778,573$16,465,328▲ $4,686,755

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$5,482$104,250$109,732
Equipment$9,183$55,559$64,742
Compensation and Service Providers
Top Officer Pay69th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lindsay CullenEmployeeFT$237,946$7,163$245,109
Tejal PatelEmployeeFT$237,825$7,163$244,988

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$930,108
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$12,591,043
Investment Income
$165,515
Other Revenue
$0
Change in Net Assets
$3,220,836

Audited Revenue Reconciliation

Revenue per Audited Statements
$12,756,558
Revenue Not Reported on Form 990
$1,423,505
Total Revenue per Audited Statements
$14,180,063
Total Revenue per Form 990
$12,756,558
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,987,031
Other Expenses$3,548,691
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,612,375$65,965-$4,678,340
Occupancy$1,042,264$31,000-$1,073,264
Current Officers, Directors, Trustees, and Key Employees$483,187$6,910-$490,097
Fees for Services Management$395,296$69,758-$465,054
Other Employee Benefits$426,706$9,030-$435,736
Payroll Taxes$342,399$40,459-$382,858
All Other Expenses$89,546$178,837-$268,383
Other Expenses$190,681$69,758-$190,681
Office Expenses$128,834$25,274-$154,108
Fees for Services Other$5,423$141,534-$146,957
Travel$50,235--$50,235
Insurance$41,493--$41,493
Depreciation Depletion$14,500--$14,500
Total Functional Expenses$8,897,197$638,525$0$9,535,722

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$9,535,722
Total Expenses per Audited Statements$9,535,722
Total Expenses per Form 990$9,535,722
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$465,054
Rick PorterBoard MemberManagement FeesNo$465,054
-Board MemberLease PaymentsNo$62,000

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Related Party$82,319
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
2024-10-25
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
230
Volunteers
5

Preparer

Firm
Lawrence R Mitchell & Company Cpas
Address
880 APOLLO ST STE 140, EL SEGUNDO, CA 90245
Preparer
Lawrence R Mitchell CPA
Phone
3105631010
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/PrincipalOfficerNm0FREDERICK PORTER
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt112324103
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt112324103
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IRS990/PYInvestmentIncomeAmt020328
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt02932501
IRS990/PYProgramServiceRevenueAmt010108056
IRS990/PYRevenuesLessExpensesAmt02337059
IRS990/PYSalariesCompEmpBnftPaidAmt04858824
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IRS990/PYTotalRevenueAmt010128384
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IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt03220836
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt012591043
IRS990/RoyaltiesGrp/TotalAmt00
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IRS990/SavingsAndTempCashInvstGrp/BOYAmt065664
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01230397
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt01177746
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt03218741
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt043767
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt043767
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt010108056
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt06727368
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt04822320
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt09321716
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt030979460
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt043767
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt043767
IRS990ScheduleA/InvestmentIncomeCYPct00.00130
IRS990ScheduleA/InvestmentIncomePYPct00.00100
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
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IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99870
IRS990ScheduleA/PublicSupportPY509Pct00.99900
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IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt06000066
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt09321716
IRS990ScheduleA/Total509Grp/TotalAmt034198201
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt010151823
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt08768363
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt06000066
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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt034241968
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt09183
IRS990ScheduleD/EquipmentGrp/DepreciationAmt055559
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt064742
IRS990ScheduleD/ExpensesSubtotalAmt09535722
IRS990ScheduleD/NetUnrealizedGainsInvstAmt01423505
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt05482
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0104250
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0109732
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt082319
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO RELATED PARTY
IRS990ScheduleD/RevenueNotReportedAmt01423505
IRS990ScheduleD/RevenueSubtotalAmt012756558
IRS990ScheduleD/TotalBookValueLandBuildingsAmt014665
IRS990ScheduleD/TotalExpensesPerForm990Amt09535722
IRS990ScheduleD/TotalLiabilityAmt082319
IRS990ScheduleD/TotalRevenuePerForm990Amt012756558
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt014180063
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt09535722
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt17163
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0LINDSAY CULLEN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1TEJAL PATEL
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1EMPLOYEE
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1244988
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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/TransactionAmt1465054
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt262000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0MANAGEMENT FEES
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1FEES FOR DIRECT SVC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc2LEASE PAYMENTS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt0100000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine1Txt0RAISING RAINBOWS LLC

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$16,465,328
Liabilities
$151,458
Net assets
$16,313,870
Revenue
$12,756,558
Expenses
$9,535,722
Net income
$3,220,836
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
2023Detailed filing. Detailed filing data is available for this year.$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