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Nonprofiteer
← RAINBOWS END DAY CARE CENTER INC

Form 990 for tax year 2023

Filed by RAINBOWS END DAY CARE CENTER INC.

Totals

Total revenue
$1,339,358
Total expenses
$1,398,955
Contributions and grants received
$967,126
Grants paid
$0
Program service revenue
$371,507
Investment income
$72
Other revenue
$653
Total assets, end of year
$333,374
Total liabilities, end of year
$41,424
Net assets or fund balances, end of year
$291,950
Program services expenses (Part IX)
$1,273,197
Management and general expenses
$125,758
Fundraising expenses
$0
Program service expenses (Part III)
$1,273,197

Program services were 91.0% 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

    $289,778

  • 1e · Government grants (contributions)

    $665,849

  • 1f · All other contributions, gifts and grants

    $11,499

  • 2a · Program service revenue: DAYCARE REVENUE

    total $365,037 · related or exempt $365,037

  • 2b · Program service revenue: REGISTRATION AND FEES

    total $5,545 · related or exempt $5,545

  • 2c · Program service revenue: OTHER REVENUE

    total $925 · related or exempt $925

  • 3 · Investment income

    total $72 · excluded $72

  • 8a · Fundraising events: gross income

    $8,909

  • 8b · Fundraising events: direct expenses

    $8,256

  • 8c · Net income from fundraising events

    total $653 · excluded $653

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $11,473 · management and general $11,473

  • 7 · Other salaries and wages

    total $803,686 · program services $757,875 · management and general $45,811

  • 9 · Other employee benefits

    total $58,288 · program services $53,834 · management and general $4,454

  • 10 · Payroll taxes

    total $72,370 · program services $66,946 · management and general $5,424

  • 11b · Fees: legal

    total $11,523 · management and general $11,523

  • 11c · Fees: accounting

    total $6,294 · management and general $6,294

  • 11g · Fees: other

    total $15,671 · program services $4,402 · management and general $11,269

  • 12 · Advertising and promotion

    total $17,184 · program services $15,791 · management and general $1,393

  • 13 · Office expenses

    total $2,458 · program services $2,062 · management and general $396

  • 14 · Information technology

    total $1,164 · program services $397 · management and general $767

  • 16 · Occupancy

    total $135,492 · program services $127,737 · management and general $7,755

  • 19 · Conferences, conventions and meetings

    total $10,293 · program services $10,031 · management and general $262

  • 20 · Interest

    total $113 · management and general $113

  • 22 · Depreciation, depletion and amortization

    total $7,329 · program services $7,329

  • 23 · Insurance

    total $21,156 · program services $17,299 · management and general $3,857

  • 24a · Other expenses: FOOD

    total $97,443 · program services $97,443

  • 24b · Other expenses: CUSTODIAL SUPPLIES

    total $50,374 · program services $50,374

  • 24c · Other expenses: TEACHING AND PROGRAM SU

    total $39,188 · program services $39,188

  • 24d · Other expenses: REPAIRS AND MAINTENANCE

    total $19,034 · program services $19,034

  • 24e · All other expenses

    total $18,422 · program services $3,455 · management and general $14,967

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $172,250 · end of year $52,267

  • 4 · Accounts receivable

    beginning of year $88,817 · end of year $62,472

  • 9 · Prepaid expenses and deferred charges

    beginning of year $275 · end of year $275

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

    $133,364

  • 10b · Land, buildings and equipment: accumulated depreciation

    $118,442

  • 10c · Land, buildings and equipment, net

    beginning of year $22,251 · end of year $14,922

  • 15 · Other assets

    beginning of year $118,593 · end of year $203,438

  • 17 · Accounts payable and accrued expenses

    beginning of year $49,346 · end of year $41,424

  • 25 · Other liabilities

    beginning of year $1,293 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $351,547 · end of year $291,950

Mission and programs · 2023

Mission

CHILD CARE SERVICES ARE PROVIDED TO CHILDREN, INCLUDING CHILDREN WITH DISABILITIES, AGES 0-13.

Activities or mission (Part I)

TO PROVIDE CHILD CARE AND EDUCATIONAL SERVICES TO CHILDREN, INCLUDING CHILDREN WITH DISABILITIES.

  • CHILD CARE SERVICES ARE PROVIDED TO CHILDREN, INCLUDING CHILDREN WITH DISABILITIES, AGES 0-13.

    Expenses $1,273,197 · Revenue $371,507

As filed on the 2023 return.

Listed in Part VII

  • Jacob Lippert

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • James Medved

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.3 + 1 related

  • William Livolsi

    VICE PRESIDENT, TREASURER

    Total calculated
    $0
    Hours/week
    0.3 + 1 related

  • Edward J Yongo

    CEO, SECRETARY

    Total calculated
    $210,909
    From this org
    $0
    From related orgs
    $210,881
    Other
    $28
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $210,881 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $28 related
    Filer's total
    $0 + $210,909 related

  • Mike Wassil

    SR. VP OF FINANCE

    Total calculated
    $136,108
    From this org
    $0
    From related orgs
    $130,875
    Other
    $5,233
    Hours/week
    1.2 + 38.8 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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 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 EXECUTIVE COMMITTEE OF PATHWAYS (A RELATED ORGANIZATION) WHICH ALSO ACTS AS THE COMPENSATION COMMITTEE UTILIZED TWO INDEPENDENT ATTORNEYS TO EVALUATE CEO COMPENSATION OF SIMILAR SIZE NONPROFITS. THE COMMITTEE ANALYZED AND APPROVED THE RECOMMENDED EMPLOYMENT CONTRACT.

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
2023
Filed
4 April 2025
IRS schema version
2023v6.0
Source object
202530949349300408

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