Rainbow Employment Agency Inc
- Assets
- $56.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Pensacola, FL
- Founding
- 11/2006
- Data as of
- 12/2022
- EIN
- 42-1711789
Organization Overview
Rainbow Employment Agency Inc is located in Pensacola, FL. The organization was established in 2006. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rainbow Employment Agency Inc 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 12/2022, Rainbow Employment Agency Inc generated $87.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (5.9%) each year. All expenses for the organization totaled $72.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (20.3%) per year over the past 4 years. 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
2022
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION PROVIDED EMPLOYMENT SERVICE AND FOLLOW ALONG SERVICE.THE ORGANIZATION PROVIDED EMPLOYMENT SERVICE AND/OR FOLLOW ALONG SERVICE FOR 15 CLEINTS, SERVING VOCATIONAL REHABILITATION CLIENTS. THE NUMBER OF CLIENTS HAS INCREASED FROM THE PRIOR YEAR AND CONTINUES TO SLOWLY INCREASE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Woodrow W Mccants Jr Executive Director | 75 | $41,000 | |
Darrow Thomas President | 5 | $0 | |
Mitza Jackson Vice President | 5 | $0 | |
Theresa Mccants Treasurer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $87,830 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $87,830 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $44,137 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $28,374 |
| Total expenses | $72,511 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $22,959 |
| Other assets | $0 |
| Total assets | $56,626 |
| Total liabilities | $32,262 |
| Net assets or fund balances | $24,364 |