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← RAINBOWS UNITED CHARITABLE FOUNDATION

Form 990 for tax year 2022

Filed by RAINBOWS UNITED CHARITABLE FOUNDATION.

Totals

Total revenue
$97,754
Total expenses
$5,771
Contributions and grants received
$54,250
Grants paid
$0
Program service revenue
$0
Investment income
$43,504
Other revenue
$0
Total assets, end of year
$1,372,277
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,372,277
Program services expenses (Part IX)
$5,771
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$5,771

Program services were 100.0% 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.

  • 1d · Related organizations

    $30,000

  • 1f · All other contributions, gifts and grants

    $24,250

  • 3 · Investment income

    total $43,504 · excluded $43,504

Functional expenses

Part IX, the statement of functional expenses.

  • 11f · Fees: investment management

    total $5,771 · program services $5,771

Balance sheet

Part X, book values.

  • 11 · Investments: publicly traded securities

    beginning of year $1,224,095 · end of year $1,372,277

  • 27 · Net assets without donor restrictions

    beginning of year $66,476 · end of year $104,966

  • 28 · Net assets with donor restrictions

    beginning of year $1,157,619 · end of year $1,267,311

Mission and programs · 2022

Mission

THE PURPOSE OF RAINBOWS UNITED CHARITABLE FOUNDATION IS TO SECURE THE LONG-TERM FINANCIAL STABILITY OF RAINBOWS UNITED, INC.

Activities or mission (Part I)

THE PURPOSE OF RAINBOWS UNITED CHARITABLE FOUNDATION IS TO SECURE THE LONG-TERM FINANCIAL STABILITY OF RAINBOWS UNITED, INC. MAJOR ACTIVITIES INCLUDE FUND RAISING.

  • PROVIDE SUPPORT TO RAINBOWS UNITED, INC.RAINBOWS UNITED IS A NON-PROFIT ORGANIZATION WITH THE STATED GOAL OF ENHANCING THE LIVES OF CHILDREN WITH SPECIAL NEEDS (AGES BIRTH TO 21) AND THEIR FAMILIES BY BRINGING TOGETHER COMMUNITY RESOURCES AND PROVIDING CUSTOMIZED SERVICES.

    Expenses $5,771 · Revenue $97,754

As filed on the 2022 return.

Listed in Part VII

  • Steve Cox

    CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Helen Healy

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Stephanie Galichia-Troth

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Janeen Hughes

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Hale Ritchie

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Steve Yager

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Deborah Voth

    INTERIM PRESIDENT

    Total calculated
    $206,757
    From this org
    $0
    From related orgs
    $191,392
    Other
    $15,365
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $191,392 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $5,398 related
    Nontaxable benefits
    $0 + $9,967 related
    Filer's total
    $0 + $206,757 related
  • Andy Walston

    VP OF FINANCE

    Total calculated
    $92,708
    From this org
    $0
    From related orgs
    $78,835
    Other
    $13,873
    Hours/week
    1 + 39 related
  • Gay Kimble

    PAST PRESIDENT

    Total calculated
    $147,259
    From this org
    $0
    From related orgs
    $119,647
    Other
    $27,612
    Hours/week
    1 + 39 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE CEO COMPENSATION IS REVIEWED BY A COMMITTEE OF THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS APPROVES AN OVERALL BUDGET FOR COMPENSATION OF OFFICERS.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202431369349313593

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