Rainbow Learning Center Inc
- Assets
- $152.5k
- Revenue
- $638.4k
- Investments
- $0.0
- Employees
- 41
- Location
- New Albany, MS
- Founding
- 02/2004
- Data as of
- 12/2021
- EIN
- 03-0398541
Organization Overview
Rainbow Learning Center Inc is located in New Albany, MS. The organization was established in 2004. 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 12/2021, Rainbow Learning Center Inc employed 41 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rainbow Learning Center 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 12/2021, Rainbow Learning Center Inc generated $638.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $619.8k during the year ending 12/2021. While expenses have increased by 3.2% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO PROVIDE QUALITY CHILD CARE AND MEALS TO ALL CHILDREN AND QUALIFYING DISADVANTAGED CHILDREN UNDER THE MISSISSIPPI DEPARTMENT OF EDUCATION'S USDA CHILD AND ADULT CARE FOOD PROGRAM (CACFP), A SPECIAL NUTRITION FOOD PROGRAM. RAINBOW LEARNING CENTER OFFERS HIGH QUALITY CARE IN A HOME-LIKE AND PROFESSIONAL ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDED QUALITY CHILD CARE AND MEALS TO APPROXIMATELY 60 PLUS CHILDREN TO ALLOW THEIR PARENTS TO BE GAIN-FULLY EMPLOYED. THE CENTER IS OPEN 5 DAYS PER WEEK, FROM 6:00 A.M. TO 6:00 P.M. THE ORGANIZATION'S OBJECTIVE IS TO OFFER FLEXIBLE AND HIGH QUALITY CHILD CARE TO FAMILIES WHO NEED CARE FOR THEIR CHILDREN AND TO PROVIDE ALL CHILDREN INCLUDING UNDERPRIVILEGED CHILDREN WITH A LOVING, & CARING ENVIRONMENT THAT IS EDUCATIONAL, SAFE, AND FUN, WITH NUTRITIOUS MEALS BEING SERVED TO THEM THROUGH THE USDA FOOD PROGRAM.WEEKEND WORKSHOPS ARE CONDUCTED FOR PARENTS AND THEIR CHILDREN TO EXPLORE TOGETHER AND TO HAVE IN DEPTH CONVERSATIONS WITH THEIR TEACHERS. DEVELOPMENTAL PROGRESS REPORTS ARE COMPLETED ON EACH CHILD EVERY SIX MONTHS. PERIODICALLY, THE CENTER CONDUCTS A WEEKEND PARENTS NIGHT OUT IN ORDER TO GIVE PARENTS A MUCH NEEDED BREAK FOR THEMSELVES. EACH EVENING ONE TEACHER IS DESIGNATED TO BE "ON CALL" IN THE EVENT A PARENT NEEDS TO PICK UP THEIR CHILD AFTER HOURS. THIS FEATURE GIVES PARENTS "PEACE OF MIND" THAT IN THE EVENT OF AN EMERGENCY, THEIR CHILD WILL BE CARED FOR IN THE HIGHEST MANNER POSSIBLE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Minerva Graham Executive Direc | OfficerTrustee | 40 | $0 |
Bernice Bailey Secretary | Officer | 0 | $0 |
Dianne Hurd Member | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $101,365 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $101,365 |
| Total Program Service Revenue | $537,064 |
| 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 | $638,429 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $335,470 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $27,357 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,970 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,748 |
| Advertising and promotion | $830 |
| Office expenses | $9,207 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $61,365 |
| 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 | $6,292 |
| Insurance | $8,067 |
| All other expenses | $11,839 |
| Total functional expenses | $619,755 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $95,947 |
| 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 |
| Net Land, buildings, and equipment | $56,548 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $152,495 |
| 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 | $18,534 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,141 |
| Total liabilities | $22,675 |
| 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 | $2,582 |
| Retained earnings, endowment, accumulated income, or other funds | $127,238 |
| Total liabilities and net assets/fund balances | $152,495 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Institute Of Community Services Incorporated Holly Springs, MS | $9,988,198 | $44,765,100 |
Porter-Leath Memphis, TN | $49,048,141 | $36,176,100 |
Gulf Regional Early Childhood Services Inc Mobile, AL | $4,519,682 | $13,000,222 |
Positively Living Inc Knoxville, TN | $4,436,601 | $10,571,861 |
Childcare Resources Birmingham, AL | $765,038 | $7,739,319 |
Habilitation And Training Services Inc Gallatin, TN | $2,538,366 | $5,452,693 |
Hope House Day Care Center Inc Memphis, TN | $2,837,184 | $4,486,515 |
Moore Community House Biloxi, MS | $3,769,419 | $3,681,431 |
Kids Place Inc Mascot, TN | $6,329,677 | $5,099,864 |
Chip Hale Center Inc Rogersville, TN | $1,329,458 | $3,329,017 |
St Lukes Community House Episcopal Inc Nashville, TN | $6,589,797 | $3,594,786 |
Mcneilly Center For Children Inc Nashville, TN | $2,351,353 | $2,388,192 |