Form 990 for tax year 2022

Filed by RAINBOW HOSPICE FOUNDATION INC.

Totals

Total revenue: $474,621
Total expenses: $483,828
Contributions and grants received: $359,217
Grants paid: $357,756
Program service revenue: $0
Investment income: $75,775
Other revenue: $39,629
Total assets, end of year: $7,335,677
Total liabilities, end of year: $0
Net assets or fund balances, end of year: $7,335,677
Program services expenses (Part IX): $483,828
Management and general expenses: $0
Fundraising expenses: $0
Program service expenses (Part III): $483,828

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.

1a · Federated campaigns

$0
1b · Membership dues

$0
1c · Fundraising events

$26,745
1d · Related organizations

$0
1e · Government grants (contributions)

$0
1f · All other contributions, gifts and grants

$332,472
1g · Noncash contributions included above

$0
2a · Program service revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
2b · Program service revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
2c · Program service revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
2d · Program service revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
2e · Program service revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
2f · All other program service revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
3 · Investment income

total $111,679 · related or exempt $0 · unrelated business $0 · excluded $111,679
4 · Income from investment of tax-exempt bond proceeds

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
5 · Royalties

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
6a · Gross rents

real property $0 · personal property $0
6b · Less rental expenses

real property $0 · personal property $0
6c · Rental income or loss

real property $0 · personal property $0
6d · Net rental income or loss

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
7a · Gross sales of assets other than inventory

securities $1,677,457 · other assets $45,416
7b · Less cost or other basis and sales expenses

securities $1,758,777 · other assets $0
7c · Gain or loss

securities -$81,320 · other assets $45,416
7d · Net gain or loss

total -$35,904 · related or exempt $0 · unrelated business $0 · excluded -$35,904
8a · Fundraising events: gross income

$67,800
8a · Fundraising events: contributions included on line 1c

$26,745
8b · Fundraising events: direct expenses

$28,171
8c · Net income from fundraising events

total $39,629 · unrelated business $0 · excluded $39,629
9a · Gaming: gross income

$0
9b · Gaming: direct expenses

$0
9c · Net income from gaming

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
10a · Gross sales of inventory

$0
10b · Cost of goods sold

$0
10c · Net income from sales of inventory

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11a · Other revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11b · Other revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11c · Other revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11d · All other revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11e · Other revenue, total

$0

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $357,756 · program services $357,756
2 · Grants to domestic individuals

total $0 · program services $0
3 · Grants to foreign organizations and individuals

total $0 · program services $0
4 · Benefits paid to or for members

total $0 · program services $0
5 · Compensation of officers, directors and key employees

total $0 · program services $0 · management and general $0 · fundraising $0
6 · Compensation of disqualified persons

total $0 · program services $0 · management and general $0 · fundraising $0
7 · Other salaries and wages

total $39,061 · program services $39,061 · management and general $0 · fundraising $0
8 · Pension plan contributions

total $0 · program services $0 · management and general $0 · fundraising $0
9 · Other employee benefits

total $4,967 · program services $4,967 · management and general $0 · fundraising $0
10 · Payroll taxes

total $2,988 · program services $2,988 · management and general $0 · fundraising $0
11a · Fees: management

total $0 · program services $0 · management and general $0 · fundraising $0
11b · Fees: legal

total $0 · program services $0 · management and general $0 · fundraising $0
11c · Fees: accounting

total $930 · program services $930 · management and general $0 · fundraising $0
11d · Fees: lobbying

total $0 · program services $0 · management and general $0 · fundraising $0
11e · Fees: professional fundraising services

total $0 · fundraising $0
11f · Fees: investment management

total $36,831 · program services $36,831 · management and general $0 · fundraising $0
11g · Fees: other

total $0 · program services $0 · management and general $0 · fundraising $0
12 · Advertising and promotion

total $7,490 · program services $7,490 · management and general $0 · fundraising $0
13 · Office expenses

total $16,358 · program services $16,358 · management and general $0 · fundraising $0
14 · Information technology

total $13,902 · program services $13,902 · management and general $0 · fundraising $0
15 · Royalties

total $0 · program services $0 · management and general $0 · fundraising $0
16 · Occupancy

total $0 · program services $0 · management and general $0 · fundraising $0
17 · Travel

total $0 · program services $0 · management and general $0 · fundraising $0
18 · Travel or entertainment for public officials

total $0 · program services $0 · management and general $0 · fundraising $0
19 · Conferences, conventions and meetings

total $0 · program services $0 · management and general $0 · fundraising $0
20 · Interest

total $0 · program services $0 · management and general $0 · fundraising $0
21 · Payments to affiliates

total $0 · program services $0 · management and general $0 · fundraising $0
22 · Depreciation, depletion and amortization

total $0 · program services $0 · management and general $0 · fundraising $0
23 · Insurance

total $0 · program services $0 · management and general $0 · fundraising $0
24a · Other expenses: Property tax on Investment Land

total $631 · program services $631 · management and general $0 · fundraising $0
24b · Other expenses: Functions and events

total $2,914 · program services $2,914 · management and general $0 · fundraising $0
24c · Other expenses

total $0 · program services $0 · management and general $0 · fundraising $0
24d · Other expenses

total $0 · program services $0 · management and general $0 · fundraising $0
24e · All other expenses

total $0 · program services $0 · management and general $0 · fundraising $0
26 · Joint costs (an allocation of the lines above)

total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $103,104 · end of year $99,323
2 · Savings and temporary cash investments

beginning of year $2,948,064 · end of year $355,055
3 · Pledges and grants receivable

beginning of year $0 · end of year $0
4 · Accounts receivable

beginning of year $0 · end of year $0
5 · Loans and receivables from officers and key people

beginning of year $0 · end of year $0
6 · Loans and receivables from disqualified persons

beginning of year $0 · end of year $0
7 · Other notes and loans receivable

beginning of year $0 · end of year $0
8 · Inventories for sale or use

beginning of year $0 · end of year $0
9 · Prepaid expenses and deferred charges

beginning of year $11,484 · end of year $15,602
10a · Land, buildings and equipment: cost or other basis

$41,300
10b · Land, buildings and equipment: accumulated depreciation

$0
10c · Land, buildings and equipment, net

beginning of year $32,800 · end of year $41,300
11 · Investments: publicly traded securities

beginning of year $0 · end of year $0
12 · Investments: other securities

beginning of year $0 · end of year $0
13 · Investments: program-related

beginning of year $5,340,249 · end of year $6,821,937
14 · Intangible assets

beginning of year $0 · end of year $0
15 · Other assets

beginning of year $0 · end of year $2,460
17 · Accounts payable and accrued expenses

beginning of year $2,881 · end of year $0
18 · Grants payable

beginning of year $0 · end of year $0
19 · Deferred revenue

beginning of year $0 · end of year $0
20 · Tax-exempt bond liabilities

beginning of year $0 · end of year $0
21 · Escrow or custodial account liability

beginning of year $0 · end of year $0
22 · Loans and payables to officers and key people

beginning of year $0 · end of year $0
23 · Secured mortgages and notes payable

beginning of year $0 · end of year $0
24 · Unsecured notes and loans payable

beginning of year $0 · end of year $0
25 · Other liabilities

beginning of year $40,427 · end of year $0
27 · Net assets without donor restrictions

beginning of year $8,022,133 · end of year $6,978,132
28 · Net assets with donor restrictions

beginning of year $370,260 · end of year $357,545

Mission and programs · 2022

Mission

To fundraise collect donations and manage investments in support of Rainbow Hospice Care Inc a related tax-exempt organization.

The Foundation provides funds to Rainbow Hospice Care Inc. to cover the cost of hospice care for individuals who are uninsured or underinsured to the extent that they do not have the ability to pay for hospice or palliative care privately. Funding is also provided for staff education technology and medical equipment purchases to improve care delivery.

Expenses $483,828 · Grants $357,756

As filed on the 2022 return.

Listed in Part VII

Karen Lacke Carrig

President CEO

Total calculated

$259,826

From this org

$0

From related orgs

$174,450

Other

$85,376

Hours/week

5 + 40 related

Schedule J breakdown matched by us

Base

$0 + $154,450 related

Bonus

$0 + $20,000 related

Other

$0

Deferred

$0 + $52,146 related

Nontaxable benefits

$0 + $34,853 related

Filer's total

$0 + $261,449 related
Michael R Maier II

Sec-Treasurer CFO

Total calculated

$138,414

From this org

$0

From related orgs

$101,252

Other

$37,162

Hours/week

5 + 40 related
Randall Knox

Chairman

Total calculated

$0

Hours/week

1
Philip Mertens

Vice-Chairman

Total calculated

$0

Hours/week

1 + 2 related
John Uttech

Director

Total calculated

$0

Hours/week

1 + 4 related
James Statz

Director

Total calculated

$0

Hours/week

1
Nathan Parrish

Director

Total calculated

$0

Hours/week

1
Lyle Wuestenberg

Director

Total calculated

$0

Hours/week

1
Vicki Zick

Director

Total calculated

$0

Hours/week

1

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

7 · Other non-fixed payments

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
8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I Line 7: The CEO's annual bonus is determined by the Related Organization's Personnel Committee's review of overall CEO compensation described above.
Part I Line 3: All Directors of the Related Organization complete an annual Performance Review of the CEO. The Personnel Committee reviews the completed evaluations and discusses 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.

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

Rainbow Hospice Care Inc

$357,756

Charitable care and capital improvements

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.

Rainbow Hospice Care Inc

501(C)(3) · Patient care · WI

Provenance

Return type: form_990
Tax year: 2022
Filed: 16 November 2023
IRS schema version: 2022v5.0
Source object: 202323209349302162

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