Rainbow Junction Ltd
- Assets
- $306.5k
- Revenue
- $951.2k
- Investments
- $0.0
- Employees
- 28
- Location
- Penn Yan, NY
- Founding
- 03/1972
- Data as of
- 08/2023
- EIN
- 16-0986652
Organization Overview
Rainbow Junction Ltd is located in Penn Yan, NY. The organization was established in 1972. 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 08/2023, Rainbow Junction Ltd employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rainbow Junction Ltd 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 08/2023, Rainbow Junction Ltd generated $951.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.5% each year . All expenses for the organization totaled $1.0m during the year ending 08/2023. While expenses have increased by 17.1% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
IT IS THE MISSION OF THE CENTER TO OFFER A VARIETY OF CREATIVE, LEARNING, DEVELOPMENTAL, PHYSICAL AND SOCIAL OPPORTUNITIES TO CHILDREN IN A STIMULATING, SAFE AND CARING ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CENTER PROVIDES CHILD CARE SERVICES AND EARLY CHILDHOOD EDUCATION OPPORTUNITIES FOR UP TO 106 CHILDREN IN YATES COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Clancey President | OfficerTrustee | 3 | $0 |
Patty Dean Secretary | OfficerTrustee | 3 | $0 |
Jennifer Bower Treasurer | OfficerTrustee | 3 | $0 |
Kristen Plyter Vice President 1 | OfficerTrustee | 3 | $0 |
Jeff Stewart Vice President 2 | OfficerTrustee | 3 | $0 |
Leah Hodge Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $1,150 |
| Membership dues | $0 |
| Fundraising events | $10,370 |
| Related organizations | $0 |
| Government grants | $34,448 |
| All other contributions, gifts, grants, and similar amounts not included above | $50,771 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $96,739 |
| Total Program Service Revenue | $835,635 |
| Investment income | $3,622 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $14,319 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $951,224 |
| 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. | $49,671 |
| Compensation of current officers, directors, key employees. | $44,704 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $668,605 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $54,913 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,257 |
| Advertising and promotion | $724 |
| Office expenses | $7,999 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,986 |
| Travel | $8,043 |
| 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 | $10,100 |
| Insurance | $17,368 |
| All other expenses | $0 |
| Total functional expenses | $1,034,083 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $75,766 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $20,979 |
| 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 | $8,546 |
| Net Land, buildings, and equipment | $106,551 |
| Investments—publicly traded securities | $94,646 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $306,488 |
| Accounts payable and accrued expenses | $20,127 |
| 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 | $20,127 |
| Net assets without donor restrictions | $230,861 |
| Net assets with donor restrictions | $55,500 |
| 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 | $306,488 |