Overview
What is Rainbow Rising Inc?
Rainbow Rising Inc, established in 1989, is a nonprofit organization situated in Hermosa Beach, California. Its primary mission is to cater to the needs of school-age children by offering a developmentally based preschool and afterschool program. This program encompasses homework assistance, enrichment time, recreational play, arts, science, and math activities. The organization believes in fostering essential building blocks for a child's growth and development, such as socialization, friendship building, and free choice play. Regardless of financial needs, Rainbow Rising Inc ensures these services are accessible to all children. The organization currently employs 194 individuals.
Official website here: www.rainbowrising.org
What are the reviews and ratings of this charity?
Charity Navigator has awarded Rainbow Rising Inc a Four-Star out of Four Star rating, reflecting a remarkable score of 96%. This high rating highlights the organization's strong accountability and financial practices, with a perfect score in multiple categories related to governance and financial management. The charity demonstrates effective use of its resources, allocating over 92% of its expenses towards programs, which is a noteworthy strength.
The organization has been diligent in maintaining transparency, illustrated by its comprehensive policies on conflicts of interest, whistleblower protections, and document retention. Additionally, it has a solid financial health score with a liabilities to assets ratio of only 0.92%, further indicating stability and proper management of resources.
However, while there is positive recognition for its financial practices, user feedback from GreatNonprofits could not be fetched, limiting community insights into personal experiences with the organization. This absence may leave potential donors and volunteers wanting more information on the actual impact of Rainbow Rising Inc's programs.
This AI summary has been generated from information found on Charity Navigator.
Is Rainbow Rising Inc legitimate?
Rainbow Rising Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rainbow Rising 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: $409,964
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,765,198
For more financial information, click here
Official website here: www.rainbowrising.org
What is the mission statement of Rainbow Rising Inc?
Rainbow Rising Inc, established in 1989, was founded with the primary objective of catering to the needs of school-age children. The organization provides a developmentally based preschool and afterschool program, incorporating homework assistance, enrichment activities, recreational play, arts, science, and math. Rainbow Rising Inc offers opportunities for socialization, friendship development, and free choice play, recognizing their importance in the holistic growth and development of children. The services offered by the organization are available regardless of a child's financial situation, demonstrating their commitment to inclusivity.
Official website here: www.rainbowrising.org
Who is the CEO of Rainbow Rising Inc?
Frederick Porter is the Employee of Rainbow Rising Inc.
Official website here: www.rainbowrising.org
What is the revenue of Rainbow Rising Inc?
Rainbow Rising Inc's revenue in 2022 was $10,128,384.
Official website here: www.rainbowrising.org
Who are the executives of Rainbow Rising Inc and what are their salaries?
The average compensation at Rainbow Rising Inc during 2022 was $21,521. There are 194 employees at Rainbow Rising Inc.
Here are 7 key members and their salaries:
- Compensation: $205,067
- Related: $0
- Other: $0
- Compensation: $204,897
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.rainbowrising.org
Where can I find the form 990 for Rainbow Rising Inc?
Rainbow Rising Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.rainbowrising.org
Learn more at the official website: www.rainbowrising.org
Mission Statement of Rainbow Rising Inc
Rainbow Rising Inc, established in 1989, was founded with the sole purpose of addressing the needs of school-age children. This nonprofit organization's mission lies in providing a comprehensive developmentally based preschool and afterschool program. The program encompasses homework assistance, enrichment activities, recreational play, arts, science, and math. Rainbow Rising Inc believes in fostering opportunities for socialization, friendships, and free choice play, as these elements are essential for a child's overall growth and development. The organization extends its services, regardless of a child's financial needs, ensuring that every child has access to these vital resources.
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Impact
July, 2024
Rainbow Rising Inc's impact can be seen in the positive development and growth of school-age children in Irvine, CA. By providing a developmentally based preschool and afterschool program, Rainbow Rising offers opportunities for children to engage in educational activities, recreational play, and enrichment time. Through socialization, friendships, and free choice play, the organization contributes to the holistic growth and development of the children it serves. Rainbow Rising's commitment to providing these services regardless of financial needs underscores its dedication to inclusivity and support for all children in the community.
This information is meant to be a general summary of Rainbow Rising 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: $20,328
- Program Service Revenue: $10,108,056
- Gross Receipts: $10,184,973
Assets and Liabilities:
- Total Assets: $11,778,573
- Total Liabilities: $109,044
- Net Assets: $11,669,529
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION FEES
Revenue
$10,108,056
Organization Details
Founding Year
1989
Phone
(310) 379-4912Principal Officer
Frederick Porter
Main Address
2154 MONTEREY BLVD B, HERMOSA BEACH, CA, 90254
Website
www.rainbowrising.orgNTEE Category
Code: B900 - Education
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