Overview
What is Rainbow Daycare?
Rainbow Daycare is a nonprofit organization situated in Sacramento, California, specifically at 901 P Street 155B. Their primary focus is to provide high-quality childcare services, while also offering educational programs and professional development opportunities for teacher aides. The organization's mission is to ensure the delivery of comprehensive childcare, coupled with engaging educational programs, and ongoing teacher training. With a dedicated workforce of 17 employees, Rainbow Daycare is committed to fostering a nurturing environment that supports the growth and development of children in its care.
Official website here: www.rainbowdaycareinc.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 74%, Two-Star out of Four Star rating
Rainbow Daycare has received a 74% rating from Charity Navigator, which classifies it as a Two-Star organization. This rating reflects a moderate level of accountability and financial health, indicating that while the organization demonstrates significant program spending, there are areas for improvement in governance and transparency.
One of the strengths of Rainbow Daycare is its high program expense ratio of 98.52%, suggesting that nearly all of its expenditures are directed towards its program services. Additionally, the organization has no material diversion of assets and maintains a healthy liabilities to assets ratio of 12.12%. Furthermore, Rainbow Daycare has established several key policies, including conflict of interest and whistleblower policies, which are essential for operational integrity.
However, the organization faces notable challenges, particularly in terms of governance. There are no independent board members, which can raise concerns about oversight and accountability. Additionally, the absence of documented board meeting minutes and the failure to post its tax form on its website could hinder transparency and public trust. Overall, while Rainbow Daycare shows commendable financial commitment to its programs, improvements in governance could enhance its overall rating and community impact.
This AI summary has been generated from information found on Charity Navigator.
Is Rainbow Daycare legitimate?
Rainbow Daycare is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rainbow Daycare 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $338,380
For more financial information, click here
Official website here: www.rainbowdaycareinc.com
What is the mission statement of Rainbow Daycare?
Rainbow Daycare's mission is centered around providing high-quality child care and educational programs. This mission extends to offering training opportunities for teacher aides as well. By doing so, Rainbow Daycare aims to contribute positively to the development and education of young children, ensuring they receive the best possible care and support. The organization's activities are designed to enhance the skills of its staff, ultimately benefiting the children under their care.
Official website here: www.rainbowdaycareinc.com
Who is the CEO of Rainbow Daycare?
Kristina Lambert is the President of Rainbow Daycare.
Official website here: www.rainbowdaycareinc.com
What is the revenue of Rainbow Daycare?
Rainbow Daycare's revenue in 2022 was $497,774.
Official website here: www.rainbowdaycareinc.com
Who are the executives of Rainbow Daycare and what are their salaries?
The average compensation at Rainbow Daycare during 2022 was $19,905. There are 17 employees at Rainbow Daycare.
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Official website here: www.rainbowdaycareinc.com
Where can I find the form 990 for Rainbow Daycare?
Rainbow Daycare's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.rainbowdaycareinc.com
Learn more at the official website: www.rainbowdaycareinc.com
Mission Statement of Rainbow Daycare
Rainbow Daycare, as a nonprofit organization, is committed to providing top-notch child care and educational programs. Its primary mission is to offer quality care and educational opportunities to children, while also providing training for teacher aides. This mission is carried out through various activities, which include providing child care services and organizing educational programs. The organization also offers training opportunities for teacher aides, aiming to enhance their skills and abilities in providing care and education to children. In essence, Rainbow Daycare is dedicated to promoting the growth and development of children while empowering those who care for them.
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Impact
July, 2024
Rainbow Daycare's impact is significant in providing quality child care, educational programs, and teacher training in Sacramento, CA. The organization plays a crucial role in shaping the early education of children, fostering their cognitive and social development. Additionally, by offering training opportunities for teacher aides, Rainbow Daycare contributes to the professional growth and skill development of individuals working in the field of early childhood education. Ultimately, Rainbow Daycare's activities have a positive influence on the community by ensuring that children receive quality care and education in their formative years.
This information is meant to be a general summary of Rainbow Daycare. 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: $33
- Program Service Revenue: $490,688
- Gross Receipts: $497,774
Assets and Liabilities:
- Total Assets: $9,090
- Total Liabilities: $1,102
- Net Assets: $7,988
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FUNDRAISING REVENUE
Revenue
$48
TUITION NET OF REFUNDS
Revenue
$490,640
Organization Details
Founding Year
1986
Phone
(916) 448-5231Principal Officer
Kristina Lambert
Main Address
901 P STREET 155B, SACRAMENTO, CA, 95814
Website
www.rainbowdaycareinc.comNTEE Category
Code: P33Z - Human services
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