Overview
What is Rainbow Soccer Ltd?
Rainbow Soccer Ltd is a nonprofit organization situated in Chapel Hill, North Carolina, specifically at PO Box 3093. Their primary focus is on providing a co-educational community soccer program, where participation is open to individuals of all ages and skill levels. The core mission of Rainbow Soccer Ltd is to offer soccer education and recreational activities, fostering a non-competitive team environment. With a dedicated team of seven employees, they strive to promote soccer in the community, embracing diversity and inclusivity.
Official website here: www.rainbowsoccer.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Star rating)
Rainbow Soccer Ltd has achieved a strong Four-Star rating from Charity Navigator, reflecting its high standards in accountability and finance. The organization's overall score of 90% is derived entirely from its Accountability & Finance score, indicating a focus on sound financial management and organizational transparency. This rating highlights the charity's commitment to responsible governance, showcased by its independent board structure and effective policies.
The charity excels in several key areas, including having a fully independent board and no material diversion of assets, which ensures that it is run in the best interest of its mission. With a program expense ratio of 86.45%, a significant majority of its funding is directed toward programs, demonstrating effective use of resources towards its goals. Moreover, Rainbow Soccer Ltd has established a solid conflict of interest policy and maintains thorough documentation practices.
However, there is a noted area for improvement, as the organization is missing a whistleblower policy. This aspect, while not critical, suggests a potential vulnerability in its governance framework that could be addressed to further enhance accountability. Overall, Rainbow Soccer Ltd stands out as a well-managed nonprofit with a strong financial foundation and a commitment to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Rainbow Soccer Ltd legitimate?
Rainbow Soccer Ltd is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rainbow Soccer Ltd 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: $105,310
Professional Fundraising Fees: $0
Other Salaries and Wages: $39,603
For more financial information, click here
Official website here: www.rainbowsoccer.org
What is the mission statement of Rainbow Soccer Ltd?
Rainbow Soccer Ltd is dedicated to providing soccer education and recreational opportunities to children of all ages and skill levels, promoting a non-competitive team environment within the community. The organization encourages participation from all members, fostering a co-educational atmosphere where everyone can enjoy the sport. Its primary focus lies in offering soccer instruction and leisure activities, ensuring an inclusive and welcoming environment for all participants.
Official website here: www.rainbowsoccer.org
Who is the CEO of Rainbow Soccer Ltd?
Mike Hickey is the Executive Director of Rainbow Soccer Ltd.
Official website here: www.rainbowsoccer.org
What is the revenue of Rainbow Soccer Ltd?
Rainbow Soccer Ltd's revenue in 2023 was $674,807.
Official website here: www.rainbowsoccer.org
Who are the executives of Rainbow Soccer Ltd and what are their salaries?
The average compensation at Rainbow Soccer Ltd during 2023 was $20,702. There are 7 employees and 220 volunteers at Rainbow Soccer Ltd.
Here are 8 key members and their salaries:
- Compensation: $58,883
- Related: $0
- Other: $4,800
- Compensation: $41,517
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.rainbowsoccer.org
Where can I find the form 990 for Rainbow Soccer Ltd?
Rainbow Soccer Ltd's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.rainbowsoccer.org
Learn more at the official website: www.rainbowsoccer.org
Mission Statement of Rainbow Soccer Ltd
Rainbow Soccer Ltd, a community-focused organization, is dedicated to providing soccer education and recreation opportunities for children of all ages and skill levels. Its mission is to foster a non-competitive environment where every child can participate and enjoy the game, regardless of their abilities. By offering soccer programs that are inclusive and welcoming, Rainbow Soccer Ltd aims to contribute to the overall development and enjoyment of children through the sport.
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Impact
July, 2024
Rainbow Soccer Ltd impacts the community by providing accessible and inclusive soccer education and recreational opportunities to children of all ages and skill levels in Chapel Hill, NC. Through their co-educational program with a focus on non-competitive team playing, Rainbow Soccer promotes physical activity, teamwork, and sportsmanship among members of the community. By welcoming all individuals, regardless of their background, Rainbow Soccer contributes to building a more diverse and connected community through the shared love of the sport.
This information is meant to be a general summary of Rainbow Soccer Ltd. 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 2023.
- Investment Income: $752
- Program Service Revenue: $373,562
- Gross Receipts: $674,807
Assets and Liabilities:
- Total Assets: $545,591
- Total Liabilities: $10,067
- Net Assets: $535,524
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Registration Fees
Revenue
$373,562
Organization Details
Founding Year
1973
Phone
(919) 967-8797Principal Officer
Mike Hickey
Main Address
PO Box 3093, Chapel Hill, NC, 27515
Website
www.rainbowsoccer.orgNTEE Category
Code: N64Z - Recreation
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