Rainbow Division Veterans Memorial Foundation Inc
- Assets
- $1.0m
- Revenue
- $42.7k
- Investments
- $1.0m
- Employees
- 0
- Location
- Blue Springs, MO
- Founding
- 08/1972
- Data as of
- 06/2022
- EIN
- 23-7156880
Organization Overview
Rainbow Division Veterans Memorial Foundation Inc, operating under the name Rainbow Division Veterans Foundation, is located in Blue Springs, MO. The organization was established in 1972. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rainbow Division Veterans Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Rainbow Division Veterans Foundation generated $42.7k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $142.6k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SCHOLARSHIPS TO COLLEGE STUDENTS BASED ON THEIR SUBMISSION OF AN APPLICATION AND COMPLETION OF CERTAIN REQUIREMENTS.
CREATE MEMORIALS AND PROVIDE WREATHS & MAINTENANCE TO VARIOUS SITES IN THE US AND ABROAD IN REMEMBRANCE OF PERSONS OR EVENTS SIGNIFICANT TO THE 42ND INFANTRY RAINBOW DIVISION.
COSTS TO PRODUCE AND DISTRIBUTE THE NATIONAL BIMONTHLY NEWSLETTER "REVEILLE" WHICH IS DEVOTED TO RAINBOW DIVISION REMEMBRANCE AND ACTIVITIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ben Pettus Asst Treasurer | 2 | $0 | |
Peter Riley Treasurer | 2 | $0 | |
Paul Genereux Chariman | 2 | $0 | |
Kelly Francher Secretary | 2 | $0 | |
Phil Pugliese Vice-Chairman | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $7,334 |
| Interest on Savings | $0 |
| Dividends & Interest | $30,345 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $442 |
| Other Income | $4,575 |
| Total Revenue | $42,696 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $2,997 |
| Other expenses | $123,759 |
| Total operating and administrative expenses | $128,110 |
| Contributions, gifts, grants paid | $14,500 |
| Total expenses and disbursements | $142,610 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,105 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,041,610 |
| Accounts payable and accrued expenses | $533 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $533 |
Grants Awarded
Over the last fiscal year, Rainbow Division Veterans Memorial Foundation Inc has awarded $14,500 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
ANDIE KLISZ PURPOSE: COLLEGE SCHOLARSHIP | $5,000 |
SERENA MARCHI PURPOSE: COLLEGE SCHOLARSHIP | $2,000 |
EMILY OAKES PURPOSE: COLLEGE SCHOLARSHIP | $2,000 |
TIERNEY SOLMO PURPOSE: COLLEGE SCHOLARSHIP | $2,000 |
EMMA ELLENBECKER PURPOSE: COLLEGE SCHOLARSHIP | $1,500 |
ANDREW BLANK PURPOSE: COLLEGE SCHOLARSHIP | $1,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Rainbow Division Veterans Memorial Foundation Inc has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Equity Fund Inc Chicago, IL | $118,912,735 | $59,533,345 |
Education Loan Finance Inc Knoxville, TN | $2,281,627,256 | $227,234,757 |
Iowa Student Loan Liquidity Corp West Des Moines, IA | $1,230,053,718 | $45,688,659 |
Noble Research Institute Llc Ardmore, OK | $149,630,598 | $47,833,341 |
National Merit Scholarship Corporation Evanston, IL | $183,825,978 | $50,191,294 |
Evans Scholars Foundation Glenview, IL | $101,873,087 | $62,566,812 |
Folds Of Honor Foundation Owasso, OK | $73,033,715 | $51,158,137 |
Wichita Center For Graduate Medical Education Inc Wichita, KS | $5,382,351 | $22,892,628 |
Nebraska Student Loan Program Inc Lincoln, NE | $230,624,169 | $45,453,979 |
Hca Healthcare Foundation Nashville, TN | $97,582,102 | $44,453,527 |
Future Leaders Of Americafoundation Inc Chicago, IL | $0 | $13,517,008 |
Kansas City Scholars Inc Kansas City, MO | $5,810,030 | $12,156,402 |