Rainbow Babies & Childrens Corporation

Organization Overview

Rainbow Babies & Childrens Corporation is located in Cleveland, OH. The organization was established in 1999. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rainbow Babies & Childrens Corporation 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 12/2021, Rainbow Babies & Childrens Corporation generated $10.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $1.2m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE SUPPORT FOR PATIENT CARE, RESEARCH AND EDUCATIONAL PROGRAMS FOR INPATIENT AND OUTPATIENT SERVICES AT RAINBOW BABIES AND CHILDREN'S HOSPITAL THROUGH STRONG ADVOCACY, PARTNERSHIP AND FINANCIAL SUPPORT.

Describe the Organization's Program Activity:

FUNDS TO PROVIDE FINANCIAL, PARTNERSHIP AND ADVOCACY SUPPORT FOR PATIENT CARE, RESEARCH AND EDUCATIONAL PROGRAMS FOR INPATIENT AND OUTPATIENT SERVICES AT RAINBOW BABIES AND CHILDREN'S HOSPITAL


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Board, Officers & Key Employees

Name (title)Compensation
Collette Laisure
President
$0
Kimberlee Monaghan
Vp-Treasurer
$0
Danielle Weiner
President Elect
$0
Elizabeth Barry
VP - Advocacy
$0
Ami Foti
Vp-Development
$0
Richelle Mccoy
Vp-Secretary
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$3,307,604
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$3,307,604
Total Program Service Revenue$0
Investment income $1,781,551
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $4,997,764
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $10,086,919

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Rainbow Babies & Childrens Corporation has recieved totaling $1,227,758.

Awarding OrganizationAmount
Cleveland Foundation

Cleveland, OH

PURPOSE: 38TH ANNUAL RAINBOW GOLF CLASSIC. THIS GRANT MAY NOT BE USED IN EXCHANGE FOR TICKETS, TABLES OR ANY BENEFIT RECEIVED BY THE FUND ADVISOR OR ANY FAMILY MEMBER(S).

$1,053,467
Cure Childhood Cancer Inc

Atlanta, GA

PURPOSE: CANCER RESEARCH

$165,000
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$9,291
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$101,112,781
Earnings$9,100,876
Net Contributions-$2,052
Grants$3,719,258
Ending Balance$106,492,347

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