Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $64,035

• 1f · All other contributions, gifts and grants

  $275,231

• 1g · Noncash contributions included above

  $20,397

• 3 · Investment income

  total $147,344 · excluded $147,344

• 7a · Gross sales of assets other than inventory

  securities $64,623

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

  securities $0

• 7c · Gain or loss

  securities $64,623

• 7d · Net gain or loss

  total $64,623 · excluded $64,623

• 8a · Fundraising events: gross income

  $57,441

• 8a · Fundraising events: contributions included on line 1c

  $64,035

• 8b · Fundraising events: direct expenses

  $50,781

• 8c · Net income from fundraising events

  total $6,660 · excluded $6,660

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $200,000 · program services $200,000

• 5 · Compensation of officers, directors and key employees

  total $187,120 · program services $187,120

• 7 · Other salaries and wages

  total $57,973 · program services $57,973

• 9 · Other employee benefits

  total $11,994 · program services $11,994

• 10 · Payroll taxes

  total $4,435 · program services $4,435

• 11b · Fees: legal

  total $2,550 · program services $2,550

• 11c · Fees: accounting

  total $3,865 · program services $3,865

• 11f · Fees: investment management

  total $45,581 · program services $45,581

• 12 · Advertising and promotion

  total $1,913 · program services $1,913

• 13 · Office expenses

  total $18,814 · program services $18,814

• 14 · Information technology

  total $19,397 · program services $19,397

• 16 · Occupancy

  total $1,479 · program services $1,479

• 17 · Travel

  total $635 · program services $635

• 19 · Conferences, conventions and meetings

  total $87 · program services $87

• 24a · Other expenses: DUES/LICENSES

  total $82 · program services $82

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,184 · end of year $5,195

• 2 · Savings and temporary cash investments

  beginning of year $370,574 · end of year $431,918

• 4 · Accounts receivable

  beginning of year $2,146 · end of year $1,975

• 9 · Prepaid expenses and deferred charges

  beginning of year $18,797 · end of year $16,449

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

  $49,900

• 10c · Land, buildings and equipment, net

  beginning of year $45,400 · end of year $49,900

• 11 · Investments: publicly traded securities

  beginning of year $7,669,491 · end of year $8,802,188

• 15 · Other assets

  beginning of year $4,889 · end of year $0

• 25 · Other liabilities

  beginning of year $0 · end of year $208,930

• 27 · Net assets without donor restrictions

  beginning of year $7,750,971 · end of year $8,741,315

• 28 · Net assets with donor restrictions

  beginning of year $362,510 · end of year $357,380

The filer's explanations (Part III)

PART I, LINE 3

THE FOUNDATION RELIES ON THE SOLE MEMBER, RAINBOW HOSPICE CARE, INC., TO DETERMINE THE COMPENSATION OF TOP MANAGEMENT OFFICIALS. ALL DIRECTORS OF THE ORGANIZATION ARE ASKED TO COMPLETE AN ANNUAL PERFORMANCE REVIEW OF THE CEO. THE PERSONNEL COMMITTEE REVIEWS THE COMPLETED EVALUATIONS AND DISCUSSES CHANGES IN COMPENSATION FOR THE FOLLOWING YEAR AS WELL AS A BONUS AMOUNT FOR THE CURRENT YEAR. INDUSTRY SPECIFIC BENCHMARK DATA BASED ON AN ANNUAL SURVEY BY AN INDEPENDENT AGENCY IS USED FOR COMPARABILITY. THE CHAIRMAN OF THE BOARD MEETS WITH THE CEO TO DISCUSS THE RESULTS OF THE EVALUATIONS AND TO OUTLINE ANY COMPENSATION CHANGES. THE EVALUATIONS AND WAGE FORMS ARE FILED IN THE CEO'S PERSONNEL FILE.

PART I, LINE 4B

KAREN LACKE CARRIG, PRESIDENT, HAS A CURRENT YEAR DEFERRAL OF $50,000. PLAN IS AN UNFUNDED DEFERRED COMPENSATION PLAN MAINTAINED FOR CERTAIN MEMBERS OF A SELECT GROUP OF MANAGEMENT PURSUANT TO SECTIONS 201(2), 301(A)(3), AND 401(A)(1) OF ERISA.