Overview
What is Rainbow Bible School Inc?
Rainbow Bible School Inc is a nonprofit organization that specializes in providing childcare with religious instruction. Established in 2016, they cater to around 200 children aged newborn to 5 years, accommodating up to 135 children at a time. Scholarships are offered based on financial need. In 2019, they expanded their services to serve approximately 175 children, with a capacity of 130 children at once. Their mission continues in 2021-2022, providing this unique blend of education and spiritual guidance to young children.
Official website here: www.rsbabilene.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Stars, 69%)
Rainbow Bible School Inc has received a two-star rating from Charity Navigator, indicating that while the organization demonstrates some strengths, there are significant areas that require improvement. The overall score of 69% reflects a solid program expense ratio of 92.67%, suggesting that the majority of funds are directed towards its mission-related activities. Additionally, the organization has a fully independent board and shows good management of liabilities, which indicates financial health.
However, the charity faces notable shortcomings in its governance and transparency practices. Missing policies related to conflict of interest, whistleblower protections, and document retention raise concerns about accountability. Furthermore, the absence of the tax form on its website points to a lack of transparency that could affect donor trust.
In summary, while Rainbow Bible School Inc has a strong financial foundation with effective resource allocation, it needs to address its governance policies to enhance accountability and transparency. Improving these areas could lead to a better evaluation from watchdog organizations and increased confidence from potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Rainbow Bible School Inc legitimate?
Rainbow Bible School Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rainbow Bible School 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $710,428
For more financial information, click here
Official website here: www.rsbabilene.org
What is the mission statement of Rainbow Bible School Inc?
Rainbow Bible School Inc's mission is centered around providing childcare with religious instruction. They cater to a substantial number of children, ranging from newborns to five-year-olds. In the past, they have served around 200 children simultaneously, as well as around 135 and 130 children at other times. Scholarships for their services are offered based on the families' financial needs. In essence, Rainbow Bible School Inc aims to provide a nurturing environment that combines early childhood care with religious education.
Official website here: www.rsbabilene.org
Who is the CEO of Rainbow Bible School Inc?
Dayton Borger is the Chairperson of Rainbow Bible School Inc.
Official website here: www.rsbabilene.org
What is the revenue of Rainbow Bible School Inc?
Rainbow Bible School Inc's revenue in 2022 was $1,163,636.
Official website here: www.rsbabilene.org
Who are the executives of Rainbow Bible School Inc and what are their salaries?
The average compensation at Rainbow Bible School Inc during 2022 was $10,447. There are 68 employees and 9 volunteers at Rainbow Bible School Inc.
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Official website here: www.rsbabilene.org
Where can I find the form 990 for Rainbow Bible School Inc?
Rainbow Bible School Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.rsbabilene.org
Learn more at the official website: www.rsbabilene.org
Mission Statement of Rainbow Bible School Inc
Rainbow Bible School Inc, a nonprofit organization, is committed to providing childcare with a religious instructional component. Over the years, they have served approximately 200 children aged newborn to 5 years, accommodating as many as 135 children at a time. Their mission extends beyond simply offering childcare; they incorporate spiritual teachings into their program. Furthermore, Rainbow Bible School Inc offers scholarships based on the families' financial needs, ensuring that those who require assistance can still benefit from their services. In the recent years, they have provided care to around 175 children, catering to as many as 130 children simultaneously. Their mission remains unwavering in providing a nurturing environment that integrates religious education into the daily lives of young children.
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Impact
July, 2024
Rainbow Bible School Inc has had a significant impact on the community in Abilene, TX by providing childcare with religious instruction to approximately 175 children ranging from newborn to 5 years old. This service has been crucial in supporting families in need and promoting the spiritual development of young children. Additionally, the organization's provision of scholarships based on need has ensured that even more children have access to this valuable program, making a positive difference in the lives of many families.
This information is meant to be a general summary of Rainbow Bible School 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: $5,789
- Program Service Revenue: $791,260
- Gross Receipts: $1,163,636
Assets and Liabilities:
- Total Assets: $1,033,692
- Total Liabilities: $6,218
- Net Assets: $1,027,474
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITIONS FEES
Revenue
$791,260
Organization Details
Founding Year
2000
Phone
(325) 673-6972Principal Officer
Dayton Borger
Main Address
733 EN 16TH STREET, ABILENE, TX, 79601
Website
www.rsbabilene.orgNTEE Category
Code: N20 - Recreation
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