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← RAINBOW LABS MENTORING INC

Form 990 for tax year 2024

Filed by RAINBOW LABS MENTORING INC.

What the amendment changed

Compared with the return it replaced , filed 17 November 2025. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$982,544 changed to $907,765
Total expenses
$976,289 changed to $973,418
Contributions and grants received
$980,579 changed to $908,671
Investment income
$1,509 changed to -$1,362
Total assets, end of year
$287,631 changed to $294,054
Total liabilities, end of year
$40,037 changed to $84,483
Net assets or fund balances, end of year
$247,594 changed to $209,571
Program services expenses
$678,981 changed to $676,110
Program service expenses (Part III)
$678,981 changed to $676,110

Totals

Total revenue
$907,765
Total expenses
$973,418
Contributions and grants received
$908,671
Grants paid
$0
Program service revenue
$0
Investment income
-$1,362
Other revenue
$456
Total assets, end of year
$294,054
Total liabilities, end of year
$84,483
Net assets or fund balances, end of year
$209,571
Program services expenses (Part IX)
$676,110
Management and general expenses
$115,896
Fundraising expenses
$181,412
Program service expenses (Part III)
$676,110

Program services were 69.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $636,743

  • 1f · All other contributions, gifts and grants

    $271,928

  • 3 · Investment income

    total $1,509 · excluded $1,509

  • 7b · Less cost or other basis and sales expenses

    other assets $2,871

  • 7c · Gain or loss

    other assets -$2,871

  • 7d · Net gain or loss

    total -$2,871 · excluded -$2,871

  • 11a · Other revenue: OTHER

    total $456 · excluded $456

  • 11e · Other revenue, total

    $456

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $30,000 · program services $30,000

  • 7 · Other salaries and wages

    total $223,753 · program services $223,753

  • 9 · Other employee benefits

    total $19,308 · program services $19,308

  • 10 · Payroll taxes

    total $21,225 · program services $21,225

  • 11g · Fees: other

    total $494,837 · program services $229,614 · management and general $83,811 · fundraising $181,412

  • 12 · Advertising and promotion

    total $4,229 · management and general $4,229

  • 13 · Office expenses

    total $78,124 · program services $71,684 · management and general $6,440

  • 16 · Occupancy

    total $6,000 · management and general $6,000

  • 17 · Travel

    total $7,482 · program services $7,482

  • 19 · Conferences, conventions and meetings

    total $34,298 · program services $34,298

  • 23 · Insurance

    total $13,017 · management and general $13,017

  • 24a · Other expenses: STAFF DEVELOPMENT

    total $19,314 · program services $19,314

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $11,956 · program services $10,163 · management and general $1,793

  • 24c · Other expenses: PROGRAM EVENTS

    total $9,070 · program services $9,070

  • 24d · Other expenses: BANK CHARGES

    total $805 · program services $199 · management and general $606

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $250,038 · end of year $279,026

  • 3 · Pledges and grants receivable

    end of year $15,028

  • 8 · Inventories for sale or use

    beginning of year $3,563 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,357

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $2,871

  • 15 · Other assets

    beginning of year $23 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,753 · end of year $40,037

  • 19 · Deferred revenue

    end of year $44,446

  • 25 · Other liabilities

    beginning of year $17,221 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $231,878 · end of year $203,149

  • 28 · Net assets with donor restrictions

    end of year $6,422

Mission and programs · 2024

Mission

SAFE SPACE FOR QUEER YOUTH TO DREAM BIG. RAINBOW LABS IS A BOLD, JOYFUL SPACE WHERE QUEER AND GENDER NONCONFORMING YOUTH (AGES 12-18) IN LOS ANGELES CAN BE THEMSELVES, FIND COMMUNITY, AND EXPLORE WHO THEY WANT TO BECOME - ONE CONNECTION AT A TIME, WHILE EXPERIENCING TRANSFORMATIVE EDUCATIONAL OPPORTUNITIES THAT BUILD CONFIDENCE, SKILLS, AND A SENSE OF POSSIBILITY.

Activities or mission (Part I)

A SAFE SPACE FOR QUEER YOUTH TO DREAM BIG. RAINBOW LABS IS A BOLD, JOYFUL SPACE WHERE QUEER AND GENDER NONCONFORMING YOUTH (AGES 12-18) IN LOS ANGELES CAN BE THEMSELVES, FIND COMMUNITY, AND EXPLORE WHO THEY WANT TO BECOME - ONE CONNECTION AT A TIME.

  • IN 2024, RAINBOW LABS DELIVERED TRANSFORMATIVE EDUCATIONAL PROGRAMMING FOR LGBTQ+ YOUTH THROUGH ONE BOLD SUMMER, YOUTH COUNCIL, STORYTELLING LAB, SPORTS LAB, OUR SOFTBALL TEAM, AND INCLUSIVE SPORTS CLINICS. EACH PROGRAM PROVIDED STRUCTURED LEARNING EXPERIENCES THAT BUILT SOCIAL-EMOTIONAL SKILLS, LEADERSHIP, CREATIVE EXPRESSION, AND HEALTHY RELATIONSHIP DEVELOPMENT. YOUTH REPORTED HIGH LEVELS OF SAFETY AND BELONGING, WITH 99% FEELING SAFE AND 95% FEELING CONNECTED. PARTICIPANTS ALSO SHOWED SIGNIFICANT GROWTH IN IDENTITY DEVELOPMENT, WITH 96% FEELING MORE CONFIDENT EXPRESSING WHO THEY ARE AND 98% FORMING POSITIVE, TRUST-BASED MENTOR RELATIONSHIPS. PROGRAMS SUCH AS YOUTH COUNCIL, STORYTELLING LAB, AND ONE BOLD SUMMER EXCELLED IN CREATING AFFIRMING LEARNING ENVIRONMENTS THAT DEEPENED YOUTH GROWTH BEYOND TRADITIONAL SETTINGS.

    Expenses $676,110

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Nicole Lovejoy

    CHAIR

    Total calculated
    $0
    Hours/week
    5
  • Michael Daly

    TREASURER

    Total calculated
    $0
    Hours/week
    5
  • Terrell Strayhorn

    SECRETARY

    Total calculated
    $0
    Hours/week
    5
  • Felix Cruz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5
  • Jose Diaz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5
  • Christain Green

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5
  • Brittany Jones

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5
  • Jacob Toups

    EXECUTIVE DIRECTOR

    Total calculated
    $30,000
    From this org
    $30,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
21 April 2026
IRS schema version
2024v5.5
Source object
202611129349301321

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