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Rainbow Community School

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 561217861 ✦ Asheville, NC ✦ Designated as a 501(c)(3)

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Overview

What is Rainbow Community School?

Rainbow Community School is a nonprofit institution situated in Asheville, North Carolina, specifically at 574 Haywood Road. It serves as an educational facility, catering to a community of around 218 students through its pre-school, elementary, middle school, and before/after school program. The school's mission is to foster accomplished, self-assured, and innovative learners, equipped to emerge as empathetic leaders in the creation of a socially equitable, spiritually interconnected, and environmentally conscious world. To achieve this, the school employs a team of 61 individuals, working diligently to nurture and empower its students for future success.


Official website here: www.rainbowcommunityschool.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: Two-Star out of Four Stars (73%)

Rainbow Community School has received a “Needs Improvement” rating from Charity Navigator, indicating there are several areas where the organization could enhance its operations and accountability. The organization exhibits strong governance with 100% independent board members and no material diversion of assets, which reflects positively on its commitment to integrity.

Despite these strengths, Rainbow Community School has notable limitations, particularly in its policies. The absence of a whistleblower policy and a document retention and destruction policy raises concerns regarding transparency and accountability. These missing elements could potentially hinder the organization’s ability to manage risks effectively and maintain trust with stakeholders.

Overall, while Rainbow Community School demonstrates a solid program expense ratio of 84.24%, indicating a significant portion of its funds is directed toward its programs, the lack of essential governance policies suggests that there is room for improvement in its organizational practices. Addressing these gaps could enhance its overall rating and reinforce its commitment to best practices in nonprofit management.


This AI summary has been generated from information found on Charity Navigator.

Is Rainbow Community School legitimate?

Rainbow Community School is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rainbow Community School 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: $74,400
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.rainbowcommunityschool.org

What is the mission statement of Rainbow Community School?

Rainbow Community School's mission is centered around nurturing well-rounded individuals who are equipped to lead with compassion. They strive to foster accomplished, confident, and creative learners. This education aims to shape future leaders who are actively involved in building a society that promotes social justice, spiritual connection, and environmental sustainability.


Official website here: www.rainbowcommunityschool.org

Who is the CEO of Rainbow Community School?

Susan Fahrer is the Board Member of Rainbow Community School.


Official website here: www.rainbowcommunityschool.org

What is the revenue of Rainbow Community School?

Rainbow Community School's revenue in 2022 was $3,131,293.


Official website here: www.rainbowcommunityschool.org

Who are the executives of Rainbow Community School and what are their salaries?

The average compensation at Rainbow Community School during 2022 was $1,220. There are 61 employees and 40 volunteers at Rainbow Community School.


Here are 9 key members and their salaries:


Stewart Stokes (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dustin Mckeelan (Vice Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kali Dewine (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pamela Goodrum (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jennifer Tracy (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Susan Fahrer (Executive Director - Non-V)
  • Compensation: $74,400
  • Related: $0
  • Other: $0
Tim Martin (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nate Banchiere (Finance Officer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ruth Bhakta (Boad Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.rainbowcommunityschool.org

Where can I find the form 990 for Rainbow Community School?

Rainbow Community School's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.rainbowcommunityschool.org

Learn more at the official website: www.rainbowcommunityschool.org

Mission Statement of Rainbow Community School

Rainbow Community School, as a nonprofit institution, is dedicated to nurturing accomplished, confident, and creative learners who are equipped to emerge as compassionate leaders in establishing a socially just, spiritually connected, and environmentally sustainable world. By providing a comprehensive educational experience encompassing a pre-school, elementary school, middle school, and before/after school program for approximately 218 students, Rainbow Community School aims to instill in its students the values of social justice, spiritual awareness, and environmental consciousness. These learners will be well-prepared to contribute positively to society, fostering a more balanced and sustainable world for future generations.

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Impact




July, 2024

Rainbow Community School has a significant impact on the development of accomplished, confident, and creative learners who are equipped to be compassionate leaders in creating a socially just, spiritually connected, and environmentally sustainable world. Their unique approach to education, catering to approximately 218 students through preschool, elementary, and middle school programs, cultivates a strong sense of social responsibility and environmental consciousness in their students. This holistic learning experience at Rainbow Community School empowers students to become thoughtful and proactive individuals who are well-prepared to contribute to a more equitable and harmonious society.




This information is meant to be a general summary of Rainbow Community School. 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.

Revenue
$3,131,293 (2022)
Expenses
$2,868,931 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $6,640
  • Program Service Revenue: $2,709,907
  • Gross Receipts: $3,141,617

Assets and Liabilities:

  • Total Assets: $4,771,350
  • Total Liabilities: $1,958,907
  • Net Assets: $2,812,443

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Activity Fees & Tuitio

Revenue

$2,709,907

Organization Details

Founding Year

1977

Principal Officer

Susan Fahrer

Main Address

574 Haywood Road, Asheville, NC, 28806

NTEE Category

Code: B21Z - Education

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