Rainbow School
- Assets
- $62.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Rochester, MN
- Founding
- 08/2002
- Data as of
- 05/2024
- EIN
- 41-1959264
Organization Overview
Rainbow School is located in Rochester, MN. The organization was established in 2002. According to its NTEE Classification (B21) the organization is classified as: Preschools, 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 School 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 05/2024, Rainbow School generated $120.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $115.8k during the year ending 05/2024. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
SERVE FAMILIES OF 3, 4, AND 5 YEAR-OLD CHILDREN BY OFFERING A PART-TIME MIDWEEK CHRISTIAN BASED PRESCHOOLD PROGRAM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Catherine Thisius Director | 25 | $27,784 | |
Stacy Freimuth Teacher | 17 | $18,347 | |
Kaylan Groen President | 0 | $0 | |
Tracy Tollefson Teacher | 22 | $20,623 | |
Nathan Jenson Board Member | 0 | $0 | |
Jed Groen Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,026 |
| Total Program Service Revenue | $94,833 |
| Membership dues | $0 |
| Investment income | $19 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $120,878 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $73,004 |
| Professional fees and other payments to independent contractors | $4,767 |
| Occupancy, rent, utilities, and maintenance | $29,511 |
| Printing, publications, postage, and shipping | $2,593 |
| Other expenses | $5,916 |
| Total expenses | $115,791 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $62,560 |
| Other assets | $0 |
| Total assets | $62,560 |
| Total liabilities | $0 |
| Net assets or fund balances | $62,560 |