Rainbow Of Love Inc
- Assets
- $1.0m
- Revenue
- $811.4k
- Investments
- $0.0
- Employees
- 9
- Location
- Missouri City, TX
- Founding
- 09/2006
- Data as of
- 12/2022
- EIN
- 72-1580957
Organization Overview
Rainbow Of Love Inc, operating under the name Rainbow Of Love Usa /American Infant Adoption, is located in Missouri City, TX. The organization was established in 2006. According to its NTEE Classification (P31) the organization is classified as: Adoption, under the broad grouping of Human Services and related organizations. As of 12/2022, Rainbow Of Love USA /American Infant Adoption employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rainbow Of Love USA /American Infant Adoption 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 Of Love USA /American Infant Adoption generated $811.4k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 16.1% each year . All expenses for the organization totaled $390.8k during the year ending 12/2022. While expenses have increased by 5.6% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
RAINBOW OF LOVE BELIEVES THAT EVERY CHILD AND YOUTH DESERVES TO HAVE LOVE, SAFETY, STABILITY AND PERMANENCE IN THEIR LIFE AND EVERY PERSON WHO IS COMMITTED AND QUALIFIED TO BEING A PARENT SHOULD HAVE THAT OPPORTUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PARENT EDUCATION CLASSES AND COUNSELING
ASSISTANCE TO PREGNANT WOMEN AND YOUNG MOTHERS
DISTRIBUTION OF DIAPERS, WIPES AND BABY ITEMS
ADOPTIONS, COMMUNITY PROGRAMS, FOOD, SCHOOL SUPPLIES, TOYS AND CLOTHES
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Richards Administrator/director | Trustee | 40 | $7,109 |
J Romero Officer | Officer | 1 | $0 |
T Umoren Officer | Officer | 1 | $0 |
W Wade Officer | Officer | 1 | $0 |
B Amadi Ed | Trustee | 1 | $0 |
A Blanche Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $232,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $83,278 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $315,778 |
| Total Program Service Revenue | $137,210 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $811,388 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $7,109 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $118,877 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,808 |
| Payroll taxes | $30,293 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,500 |
| Fees for services: Accounting | $3,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $15,875 |
| Office expenses | $88,686 |
| Information technology | $8,850 |
| Royalties | $0 |
| Occupancy | $58,534 |
| Travel | $2,752 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,290 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $16,300 |
| All other expenses | $24,689 |
| Total functional expenses | $390,763 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100,200 |
| Savings and temporary cash investments | $208,800 |
| Pledges and grants receivable | $10,000 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $750 |
| Net Land, buildings, and equipment | $681,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,000,750 |
| Accounts payable and accrued expenses | $29,000 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $234,850 |
| Other liabilities | $0 |
| Total liabilities | $263,850 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $736,900 |
| Total liabilities and net assets/fund balances | $1,000,750 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Rainbow Of Love Inc has recieved totaling $17,433.
| Awarding Organization | Amount |
|---|---|
Texas Center For Child And Family Studies Austin, TX PURPOSE: PROVIDE ASSISTANCE FOR ADDITIONAL EXPENDITURES RELATED TO COVID-19 VIRUS. | $17,433 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Covenant Kids Inc Arlington, TX | $7,459,056 | $25,298,802 |
Gladney Center For Adoption Fort Worth, TX | $15,144,634 | $9,546,259 |
Miracle Foundation Inc Austin, TX | $3,952,092 | $3,731,836 |
Spaulding For Children Houston, TX | $1,803,441 | $3,566,009 |
Hope Cottage Inc Dallas, TX | $9,768,014 | $1,826,021 |
Both Ends Believing Inc Plano, TX | $1,721,695 | $2,343,528 |
Dillon International Inc Tulsa, OK | $738,849 | $1,457,400 |
Shared Beginnings Fayetteville, AR | $298,271 | $1,175,777 |
Family To Family Adoption Services Inc Richmond, TX | $107,112 | $870,385 |
Adoption Alliance San Antonio, TX | $2,559,916 | $841,559 |
Decolores Adoptions International Lake Charles, LA | $430,653 | $810,458 |
Abba Fund Inc Plano, TX | $3,396,798 | $695,056 |