Rainbow Foundation Inc
- Assets
- $72.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Rumson, NJ
- Founding
- 08/1985
- Data as of
- 09/2022
- EIN
- 22-5053005
Organization Overview
Rainbow Foundation Inc is located in Rumson, NJ. The organization was established in 1985. According to its NTEE Classification (E86) the organization is classified as: Patient & Family Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rainbow Foundation 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 09/2022, Rainbow Foundation Inc generated $1.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (45.1%) each year. All expenses for the organization totaled $11.4k during the year ending 09/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
FUNDS ARE RAISED BY THE ORGANIZATION TO PROVIDEFINANCIAL HELP TO THE NEEDY AND VERY SICK CHILDREN.APPROXIMATELY 1,500 CHILDREN BENEFIT FROM THE FUNDS RAISED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward Karaban President | 0 | $0 | |
Margaret Karaban Chairman | 0 | $0 | |
Anthony Lucarelli Treasurer | 0 | $0 | |
Robert Bongo Vice Pres. | 0 | $0 | |
Gail Bechtoldt Trustee | 0 | $0 | |
Peter Demarco Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,866 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $1,866 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $500 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $96 |
| Other expenses | $10,846 |
| Total expenses | $11,442 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $72,462 |
| Other assets | $0 |
| Total assets | $72,462 |
| Total liabilities | $0 |
| Net assets or fund balances | $72,462 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Rainbow Foundation Inc has recieved totaling $21.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $21 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Parents Information Group For Exceptional Children Inc Syracuse, NY | $9,814,349 | $10,936,135 |
Make-A-Wish Foundation Of Metro New York And Western New York New York, NY | $22,644,379 | $8,717,890 |
Ronald Mcdonald House Charities Of The Philadelphia Region Philadelphia, PA | $48,421,260 | $10,371,163 |
Make-A-Wish Foundation Of Greater Pennsylvania And West Virginia Inc Pittsburgh, PA | $11,942,873 | $9,531,813 |
Make A Wish Foundation Of New Jersey Monroe Township, NJ | $22,604,837 | $7,704,119 |
Ronald Mcdonald House Charities New York Metro Inc New Hyde Park, NY | $27,231,643 | $8,955,220 |
Growth Opportunity Center Inc Southampton, PA | $956,433 | $4,331,069 |
Family House Inc Pittsburgh, PA | $46,884,709 | $18,369,826 |
Healthcare Chaplaincy Inc New York, NY | $8,394,087 | $3,509,010 |
Make A Wish Foundation Of Philadelphia Delware & Sus Valley Blue Bell, PA | $3,956,221 | $4,070,559 |
Childrens Health Home Of Wny Inc Buffalo, NY | $1,132,387 | $3,208,101 |
Ronald Mcdonald House Of Delaware Inc Wilmington, DE | $15,618,553 | $3,697,335 |