Overview
What is Rainbow Fleet Inc?
Rainbow Fleet Inc, based in Oklahoma City, Oklahoma, is a 55-strong nonprofit organization dedicated to enhancing the lives of children, their families, and childcare professionals. Primarily, they focus on child and adult care through the Child and Adult Care Food Program, offering nutritional training and processing claims for meal reimbursements for family care home providers licensed by the Oklahoma Department of Human Services. Their mission extends beyond this, as they are committed to providing innovative educational child care development programs and services. These initiatives aim to improve the overall quality of life for children, their families, and the childcare professionals who care for them.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 98% (Four-Star out of Four Star rating)
Rainbow Fleet Inc has achieved a remarkable Four-Star rating on Charity Navigator, reflecting exceptional accountability and financial health. The organization scores particularly high in key areas, such as having a fully independent board and a strong program expense ratio, with 93.06% of its expenses directly supporting its mission. This level of transparency and financial stewardship builds trust and confidence in its operations.
The charity has demonstrated strong governance practices, including the establishment of comprehensive policies addressing conflicts of interest and whistleblower protections. Additionally, Rainbow Fleet Inc maintains thorough oversight with an audit committee and ensures that essential documents, including tax forms and meeting minutes, are accessible to the public, further showcasing its commitment to accountability.
While the organization excels in financial performance and governance, continued communication of its impact and effectiveness in the community would enhance its overall visibility and stakeholder engagement. Overall, Rainbow Fleet Inc stands out as a responsible and impactful nonprofit dedicated to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Rainbow Fleet Inc legitimate?
Rainbow Fleet Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rainbow Fleet 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: $78,819
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,010,059
For more financial information, click here
What is the mission statement of Rainbow Fleet Inc?
Rainbow Fleet Inc's mission is centered around providing innovative educational child care development programs and services. These initiatives aim to improve the quality of life for children, their families, and child care professionals. The organization focuses on enhancing the overall well-being of everyone involved in the child care sector.
One of Rainbow Fleet Inc's key activities includes offering nutritional training and processing claims for meal reimbursements through the Child and Adult Care Food Program. This service is particularly beneficial for family care home providers licensed by the Oklahoma Department of Human Services.
In essence, Rainbow Fleet Inc strives to improve the quality of child care services, promote nutritional awareness, and support child care professionals and families through innovative and comprehensive programs.
Who is the CEO of Rainbow Fleet Inc?
Carri Hicks is the Executive Director of Rainbow Fleet Inc.
What is the revenue of Rainbow Fleet Inc?
Rainbow Fleet Inc's revenue in 2022 was $3,295,640.
Who are the executives of Rainbow Fleet Inc and what are their salaries?
The average compensation at Rainbow Fleet Inc during 2022 was $19,798. There are 55 employees and 60 volunteers at Rainbow Fleet Inc.
Here are 14 key members and their salaries:
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Where can I find the form 990 for Rainbow Fleet Inc?
Rainbow Fleet Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Rainbow Fleet Inc
Rainbow Fleet Inc, a nonprofit organization, is committed to delivering innovative educational child care development programs and services that significantly enhance the quality of life for children, their families, and child care professionals. By focusing on this mission, Rainbow Fleet Inc aims to make a positive impact on the lives of the individuals it serves.
Specifically, Rainbow Fleet Inc offers a Child and Adult Care Food Program, which includes nutritional training and the processing of meal reimbursement claims for family care home providers licensed through the Oklahoma Department of Human Services. This program is an integral part of Rainbow Fleet Inc's mission, as it ensures that children in family care homes receive nutritious meals while also providing support and resources to the child care professionals who provide this care. By offering these services, Rainbow Fleet Inc is able to positively impact the lives of both children and their caregivers, ultimately enhancing the quality of life for all involved.
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Impact
July, 2024
Rainbow Fleet Inc's impact lies in providing innovative educational child care development programs and services that enhance the quality of life for children, their families, and child care professionals. This includes offering nutritional training and processing claims for meal reimbursements for family care home providers licensed through the Oklahoma Department of Human Services. Through their mission to enhance the quality of life for children and families through education, Rainbow Fleet Inc plays a crucial role in supporting early childhood development and ensuring access to high-quality child care services in Oklahoma City, Oklahoma.
This information is meant to be a general summary of Rainbow Fleet 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: $12,534
- Program Service Revenue: $702,003
- Gross Receipts: $3,295,640
Assets and Liabilities:
- Total Assets: $1,288,760
- Total Liabilities: $150,497
- Net Assets: $1,138,263
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EARLY EDUCATION CENTER
Revenue
$676,243
PROVIDER TRAINING
Revenue
$25,760
Organization Details
Founding Year
1979
Phone
(405) 521-1426Principal Officer
Carri Hicks
Main Address
1105 NW 45TH STREET, OKLAHOMA CITY, OK, 73118
NTEE Category
Code: B22Z - Education
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