Overview
What is Under The Rainbow Early Education Center?
Under The Rainbow Early Education Center is a nonprofit based in Red Wing, Minnesota, located at 555 Technology Drive. The organization's mission is to foster the growth and development of children, encompassing their physical, intellectual, social, and emotional well-being. They serve the local community and beyond, providing employment opportunities and furthering education for individuals. In 2018, they operated year-round, catering to an average of 180 full/part time children. Approximately 25% of their enrollment consisted of children from low-income families, who received financial assistance. With a dedicated workforce of 76 employees, Under The Rainbow Early Education Center is committed to shaping the future of young minds.
Official website here: www.undertherainbow.business.site
What are the reviews and ratings of this charity?
Charity Navigator Rating: 69% (Two-Star out of Four Star rating)
Under The Rainbow Early Education Center has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and financial health. The organization boasts a strong independent board, with 100% of its members being independent, and a favorable program expense ratio of 85.01%, which suggests a significant portion of funds is directed toward its educational programs.
However, the organization faces several areas of concern that may impact its overall rating. Notably, it has not provided financial statements, which has resulted in a score of zero for this critical component. Additionally, it lacks essential policies such as a conflict of interest policy, a whistleblower policy, and a document retention policy, which are important for organizational transparency and governance.
While the absence of these policies and financial disclosures is a limitation, the organization does have a good liabilities to assets ratio of 46.39%, indicating a reasonable level of financial stability. Overall, potential donors and supporters may want to consider both the strengths and weaknesses highlighted in the rating before engaging with Under The Rainbow Early Education Center.
This AI summary has been generated from information found on Charity Navigator.
Is Under The Rainbow Early Education Center legitimate?
Under The Rainbow Early Education Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Under The Rainbow Early Education Center submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $96,773
Professional Fundraising Fees: $0
Other Salaries and Wages: $945,116
For more financial information, click here
Official website here: www.undertherainbow.business.site
What is the mission statement of Under The Rainbow Early Education Center?
The mission of Under The Rainbow Early Education Center is centered around enabling children to reach their full potential. This is achieved by fostering their physical, intellectual, social, and emotional growth. The center actively works towards this goal on a daily basis. The general public, including those seeking employment or further education, have been served by the center, providing them with opportunities. During the year 2018, the center had an average enrollment of 180 full/part-time children, with approximately 25% of these being children from low-income families who received financial assistance. The center collaborates with various social services across Goodhue, Wabasha, Pierce, and Dunn counties, the State of Washington, and the Prairie Island Tribal Community to support the children's development.
Official website here: www.undertherainbow.business.site
Who is the CEO of Under The Rainbow Early Education Center?
Michelle Finholdt is the Chairman of Under The Rainbow Early Education Center.
Official website here: www.undertherainbow.business.site
What is the revenue of Under The Rainbow Early Education Center?
Under The Rainbow Early Education Center's revenue in 2022 was $1,443,467.
Official website here: www.undertherainbow.business.site
Who are the executives of Under The Rainbow Early Education Center and what are their salaries?
The average compensation at Under The Rainbow Early Education Center during 2022 was $13,709. There are 76 employees at Under The Rainbow Early Education Center.
Here are 3 key members and their salaries:
- Compensation: $96,773
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.undertherainbow.business.site
Where can I find the form 990 for Under The Rainbow Early Education Center?
Under The Rainbow Early Education Center's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.undertherainbow.business.site
Learn more at the official website: www.undertherainbow.business.site
Mission Statement of Under The Rainbow Early Education Center
Under The Rainbow Early Education Center, a renowned institution, is dedicated to opening a pathway that enables children to grow, learn, and develop to their full potential. The center's mission is to foster the physical, intellectual, social, and emotional development of children, ensuring they reach their fullest potential. The organization takes great pride in its work and serves as an opportunity for the general public, whether for employment or further education. Under The Rainbow Early Education Center had an average enrollment of 180 full/part-time children in 2018, with approximately 25% of these children being from low-income families who received financial assistance. The center works collaboratively with social services from Goodhue, Wabasha, Pierce, and Dunn counties, the State of Washington, and the Prairie Island Tribal Community, broadening its reach and impact.
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Impact
July, 2024
Under The Rainbow Early Education Center has a significant impact on the community of Red Wing and its surrounding areas by providing a nurturing environment for children to grow, learn, and develop to their full potential. With an average enrollment of 180 full and part-time children, the center serves the general public and also supports low-income families through financial assistance. By promoting physical, intellectual, social, and emotional development, the center plays a crucial role in enabling parents to work or pursue further education. Through partnerships with various social services agencies and the Prairie Island Tribal Community, Under The Rainbow Early Education Center is actively working towards its mission of opening the pathway for every child to reach their full potential.
This information is meant to be a general summary of Under The Rainbow Early Education Center. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $27
- Program Service Revenue: $1,284,534
- Gross Receipts: $1,443,467
Assets and Liabilities:
- Total Assets: $954,956
- Total Liabilities: $443,009
- Net Assets: $511,947
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION
Revenue
$1,213,975
FOOD PROGRAM
Revenue
$70,559
Organization Details
Founding Year
1995
Phone
(651) 388-6433Principal Officer
Michelle Finholdt
Main Address
555 TECHNOLOGY DRIVE, RED WING, MN, 55066
NTEE Category
Code: P33 - Human services
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