Form 990 for tax year 2023
Filed by RAINBOW EDUCATIONAL CHILD CARE CENTER.
Totals
- Total revenue
- $588,749
- Total expenses
- $606,883
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $588,692
- Investment income
- $57
- Other revenue
- $0
- Total assets, end of year
- $421,675
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $421,675
- Program services expenses (Part IX)
- $561,272
- Management and general expenses
- $45,611
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $561,272
Program services were 92.5% 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.
-
2a · Program service revenue: Tuition
total $588,692 · related or exempt $588,692
-
3 · Investment income
total $57 · related or exempt $57
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $306,109 · program services $306,109
-
9 · Other employee benefits
total $144 · program services $144
-
10 · Payroll taxes
total $23,418 · program services $23,418
-
11c · Fees: accounting
total $4,000 · management and general $4,000
-
11g · Fees: other
total $81,553 · program services $81,553
-
12 · Advertising and promotion
total $99 · management and general $99
-
16 · Occupancy
total $82,951 · program services $82,951
-
17 · Travel
total $4,844 · program services $4,844
-
23 · Insurance
total $14,113 · management and general $14,113
-
24a · Other expenses: Automobile
total $5,005 · management and general $5,005
-
24b · Other expenses: Bank Service Charge
total $595 · management and general $595
-
24c · Other expenses: Business Registration
total $425 · management and general $425
-
24d · Other expenses: Meals
total $1,160 · program services $1,160
-
24e · All other expenses
total $82,467 · program services $61,093 · management and general $21,374
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $321,053 · end of year $297,373
-
10a · Land, buildings and equipment: cost or other basis
$124,302
-
10c · Land, buildings and equipment, net
beginning of year $124,302 · end of year $124,302
-
31 · Retained earnings, endowment or other funds
beginning of year $445,355 · end of year $421,675
Mission and programs · 2023
Mission
Provide affordable child care services to the immediate county and surrounding citizens
-
Reopened PreK program and enrolled 12 students.
Expenses $561,272 · Revenue $588,692
As filed on the 2023 return.
Listed in Part VII
-
Katina Smith
Director
- Total calculated
- $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
- 2023
- Filed
- 18 September 2024
- IRS schema version
- 2023v5.1
- Source object
- 202432839349301808
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