Overview
What is Rainbow Farms Inc?
Rainbow Farms Inc, located in Vicksburg, Mississippi, is a small-scale nonprofit organization with a single employee. Their primary focus is on providing therapeutic services for handicapped children and adults. They offer weekly therapeutic riding classes for an hour or more, utilizing this equine-assisted activity to aid in the overall well-being and development of their clients. By offering these therapeutic services, Rainbow Farms Inc aims to help individuals overcome challenges and improve their quality of life.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 0 Stars (10%)
Rainbow Farms Inc has received a very low score of 10% from Charity Navigator, resulting in a Zero-Star out of Four Star rating. This indicates significant concerns regarding the organization’s accountability and financial practices. The low score reflects a complete lack of independent board members and numerous missing governance policies, such as conflict of interest and whistleblower policies, which are critical for ensuring transparency and ethical operation.
The financial metrics for Rainbow Farms Inc also raise red flags. The organization has a high liabilities to assets ratio of 79.84%, suggesting potential financial instability. Additionally, the program expense ratio stands at only 35.65%, indicating that a relatively small portion of expenses goes towards its programs, which may not align with best practices for nonprofit effectiveness.
Overall, the nonprofit faces serious challenges that need to be addressed to improve governance and financial health. Without implementing the necessary policies and enhancing transparency, Rainbow Farms Inc may struggle to build trust with donors and the communities it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Rainbow Farms Inc legitimate?
Rainbow Farms Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rainbow Farms Inc 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: $31,969
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Rainbow Farms Inc?
Rainbow Farms Inc, as a therapeutic organization, is dedicated to providing services for handicapped children and adults. Their primary mission involves offering therapeutic riding classes on a weekly basis, with sessions lasting for one or more hours. The aim of these classes is to help these individuals, regardless of their age, in their recovery and improvement processes. By participating in these activities, they can potentially experience improved mobility, social skills, and overall well-being. Rainbow Farms Inc is committed to enriching the lives of those with disabilities through therapeutic equestrian activities.
Who is the CEO of Rainbow Farms Inc?
Leigh Ann Nosser is the President of Rainbow Farms Inc.
What is the revenue of Rainbow Farms Inc?
Rainbow Farms Inc's revenue in 2022 was $142,777.
Who are the executives of Rainbow Farms Inc and what are their salaries?
The average compensation at Rainbow Farms Inc during 2022 was $31,969. There is 1 employee at Rainbow Farms Inc.
There is 1 key member and their salary:
- Compensation: $31,969
- Related: $0
- Other: $0
Where can I find the form 990 for Rainbow Farms Inc?
Rainbow Farms Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Rainbow Farms Inc
Rainbow Farms Inc, a nonprofit organization, is dedicated to providing therapeutic services for handicapped children and adults. Their primary mission is to offer therapeutic riding classes on a weekly basis for these individuals, allowing them to engage in sessions lasting one or more hours. By doing so, Rainbow Farms Inc aims to contribute positively to the well-being and development of these handicapped individuals. Through these therapeutic riding classes, they hope to enhance their physical, emotional, and social abilities, ultimately leading to improved overall quality of life.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Rainbow Farms Inc significantly enhances the lives of handicapped children and adults through its therapeutic services. By offering weekly therapeutic riding classes, the organization provides participants with not only physical benefits but also emotional and psychological support. These classes are specifically designed to cater to the unique needs of individuals with disabilities, promoting physical strength, coordination, and overall well-being.
Located in Vicksburg, MS, Rainbow Farms Inc creates a nurturing environment where individuals can connect with horses, benefiting from the unique therapeutic bond that exists between humans and animals. This interaction fosters confidence, enhances social skills, and improves emotional resilience among participants, contributing to their overall quality of life.
Through its dedicated efforts, Rainbow Farms Inc plays a crucial role in the community by advocating for inclusivity and support for handicapped individuals, ensuring they have access to meaningful and impactful therapeutic experiences.
This information is meant to be a general summary of Rainbow Farms Inc. 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: $3
- Program Service Revenue: $66,015
- Gross Receipts: $142,777
Assets and Liabilities:
- Total Assets: $160,310
- Total Liabilities: $128,008
- Net Assets: $32,302
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENUE
Revenue
$66,015
Organization Details
Founding Year
1990
Phone
(601) 638-8372Principal Officer
Leigh Ann Nosser
Main Address
6017 CASTLE ROAD, VICKSBURG, MS, 39180
NTEE Category
Code: P20Z - Human services
If you are a representative of Rainbow Farms Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.