Rainbow Fleet Inc
- Assets
- $1.3m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 55
- Location
- Oklahoma City, OK
- Founding
- 06/1980
- Data as of
- 06/2022
- EIN
- 73-1096719
Organization Overview
Rainbow Fleet Inc is located in Oklahoma City, OK. The organization was established in 1980. As of 06/2022, Rainbow Fleet Inc employed 55 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rainbow Fleet 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 06/2022, Rainbow Fleet Inc generated $3.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $3.0m during the year ending 06/2022. While expenses have increased by 5.3% per year over the past 7 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
TO PROVIDE INNOVATIVE EDUCATIONAL CHILD CARE DEVELOPMENT PROGRAMS AND SERVICES THAT ENHANCE THE QUALITY OF LIFE FOR CHILDREN, THEIR FAMILIES AND CHILD CARE PROFESSIONALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHILD AND ADULT CARE FOOD PROGRAM - NUTRITIONAL TRAINING AND PROCESSING OF CLAIMS FOR MEAL REIMBURSEMENTS FOR FAMILY CARE HOME PROVIDERS LICENSED THROUGH THE OKLAHOMA DEPARTMENT OF HUMAN SERVICES.
CHILD CARE RESOURCE REFERRAL - SPECIALISTS PROVIDE CONSULTATIONS WITH FAMILIES AND THE COMMUNITY IN AN EFFORT TO PROVIDE THE MOST CURRENT AND ACCURATE INFORMATION ABOUT CHILD CARE OPTIONS, QUALITY INDICATORS AND RELATED RESOURCES. RAINBOW FLEET PROVIDES TRAINING OPPORTUNITIES AND TECHNICAL ASSISTANCE TO CHILD CARE PROVIDERS.
EARLY EDUCATION CENTER AND AFTER SCHOOL PROGRAM - SET THE HIGHEST STANDARD OF EXCELLENCE FOR EARLY EDUCATION IN OKLAHOMA CITY. EMPLOYING RESEARCH-BASED TEACHING PRACTICES AND MONTESSORI PEDAGOGY EARLY LEARNING METHODS, THE CENTER'S HIGHLY SKILLED CHILD DEVELOPMENT EXPERTS CREATE AN OPTIMAL ENVIRONMENT FOR THE CHILDREN WHO ATTEND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carri Hicks Executive Director | OfficerTrustee | 40 | $38,933 |
Becky Roten Board Immediate Past President | OfficerTrustee | 1 | $0 |
Miles Pringle Board President | OfficerTrustee | 1 | $0 |
Jodie Giocondi Board President Elect | OfficerTrustee | 1 | $0 |
Scott Marsh Board Treasurer | OfficerTrustee | 1 | $0 |
Adrienne Butler Board Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,085,780 |
| All other contributions, gifts, grants, and similar amounts not included above | $491,654 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,577,434 |
| Total Program Service Revenue | $702,003 |
| Investment income | $12,534 |
| 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 | $3,295,640 |
| 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. | $78,819 |
| Compensation of current officers, directors, key employees. | $35,469 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,010,059 |
| Pension plan accruals and contributions | $20,104 |
| Other employee benefits | $131,970 |
| Payroll taxes | $98,018 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,500 |
| Fees for services: Accounting | $16,760 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $107,906 |
| Advertising and promotion | $0 |
| Office expenses | $53,467 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $111,089 |
| Travel | $36,783 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $91,195 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,983,556 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $78,714 |
| Savings and temporary cash investments | $358,252 |
| Pledges and grants receivable | $382,524 |
| 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 | $61,381 |
| Net Land, buildings, and equipment | $226,419 |
| Investments—publicly traded securities | $172,209 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,261 |
| Total assets | $1,288,760 |
| Accounts payable and accrued expenses | $150,497 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $150,497 |
| Net assets without donor restrictions | $819,976 |
| Net assets with donor restrictions | $318,287 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,288,760 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Rainbow Fleet Inc has recieved totaling $3,000.
| Awarding Organization | Amount |
|---|---|
Ben And Peggy Kates Foundation Oklahoma City, OK PURPOSE: GENERAL OPERATIONS | $1,500 |
Potts Family Foundation Oklahoma City, OK PURPOSE: PROVIDE INNOVATIVE CHILD DEVELOPMENT PROGRAMS AND SERVICES THAT ENHANCE THE QUALITY OF LIFE FOR RESIDENTS IN OKLAHOMA AND CLEVELAND COUNTIES | $1,000 |
Rulewicz Foundation Edmond, OK PURPOSE: FINANCIAL SUPPORT | $500 |
Endowment Analysis
| Beg. Balance | $11,789 |
| Earnings | -$2,043 |
| Grants | $485 |
| Ending Balance | $9,261 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Riverfield Country Day School Tulsa, OK | $16,352,662 | $13,774,133 |
Sewall Child Development Center Inc Denver, CO | $8,088,687 | $6,630,312 |
The Learning Center Of North Arkansas Berryville, AR | $10,901,776 | $6,445,981 |
Bentonville Child Care And Development Center Inc Bentonville, AR | $17,585,972 | $5,049,064 |
Northwest Arkansas Head Start Human Services Inc Bentonville, AR | $1,710,016 | $4,300,111 |
Growing Futures Early Education Center Inc Overland Park, KS | $1,274,677 | $3,725,607 |
Durango 4-C Council Durango, CO | $1,695,374 | $3,540,530 |
Rainbow Fleet Inc Oklahoma City, OK | $1,288,760 | $3,295,640 |
El Grito Inc Silver City, NM | $1,042,293 | $2,619,457 |
Native American Coalition Of Tulsa Inc Tulsa, OK | $120,808 | $1,798,056 |
Stonewall Head Start Inc Fredericksburg, TX | $652,301 | $1,746,983 |
Childrens Equity Coalition Little Rock, AR | $735,254 | $1,133,999 |