Rainbow Land Day Care Center Of Palacios Texas Inc
- Assets
- $727.8k
- Revenue
- $349.8k
- Investments
- $0.0
- Employees
- 20
- Location
- Palacios, TX
- Founding
- 05/1968
- Data as of
- 05/2020
- EIN
- 74-1603210
Organization Overview
Rainbow Land Day Care Center Of Palacios Texas Inc is located in Palacios, TX. The organization was established in 1968. According to its NTEE Classification (P33) the organization is classified as: Child Day Care, under the broad grouping of Human Services and related organizations. As of 05/2020, Rainbow Land Day Care Center Of Palacios Texas Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rainbow Land Day Care Center Of Palacios Texas 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 05/2020, Rainbow Land Day Care Center Of Palacios Texas Inc generated $349.8k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $389.2k during the year ending 05/2020. While expenses have increased by 4.9% 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
PRIMARY DAY CARE CENTER IN PALACIOS, TX. OFFERING LOW COST AND SUBSIDIZED CHILD CARE SERVICES AND GOVERNMENT SUBSIDIZED MEALS FOR CHILDREN IN A PREDOMINENTLY MINORITY COMMUNITY WHERE APPROX. 25% OF POPULATION IS BELOW POVERTY LINE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRIMARY DAY CARE CENTER IN PALACIOS, TX. OFFERING LOW COST AND SUBSIDIZED CHILD CARE SERVICES AND GOVERNMENT SUBSIDIZED MEALS FOR CHILDREN IN A PREDOMINENTLY MINORITY COMMUNITY WHERE APPROX. 25% OF POPULATION IS BELOW THE POVERY LINE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amanda Manning President | Officer | 0 | $0 |
Jordan Girndt Vice President | Officer | 0 | $0 |
Amy Tapia Secretary/tres | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $45,405 |
| Investment income | $1 |
| 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 | $349,754 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $247,642 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $613 |
| Payroll taxes | $10,910 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,826 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $229 |
| Office expenses | $2,352 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $36,829 |
| Insurance | $4,411 |
| All other expenses | $0 |
| Total functional expenses | $389,223 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,989 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $727,797 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $727,797 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Rainbow Land Day Care Center Of Palacios Texas Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Communities Foundation Of Texas Dallas, TX PURPOSE: THIS GRANT IS DESIGNATED FOR GENERAL SUPPORT. | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Child Care Associates Fort Worth, TX | $13,866,495 | $89,049,945 |
Childcaregroup Dallas, TX | $19,327,371 | $29,694,811 |
Advance Child Care Inc Corsicana, TX | $3,473,974 | $18,615,609 |
Lionheart Childrens Academy Bedford, TX | $10,671,656 | $17,109,685 |
Clayton Child Care Inc Fort Worth, TX | $8,846,592 | $17,902,037 |
Kaleidoscope Youth Development Services Inc Houston, TX | $9,400,325 | $12,047,136 |
Greater Opportunities Of The Permian Basin Inc Odessa, TX | $3,693,464 | $8,563,372 |
Washington County Child Care Foundation Bartlesville, OK | $10,576,887 | $9,436,794 |
Central Texas 4c Inc Temple, TX | $3,947,327 | $8,012,001 |
Advance Child Care Inc Palestine, TX | $3,677,390 | $6,266,203 |
Geo-Son Child Care Services Inc Mcallen, TX | $627,795 | $5,505,457 |
Child Nutrition Inc Tuscola, TX | $443,325 | $5,358,207 |