Rainbow Division Veterans Memorial Foundation Inc
- Assets
- $1.1m
- Revenue
- $113.8k
- Investments
- $1.1m
- Employees
- 0
- Location
- Blue Springs, MO
- Founding
- 08/1972
- Data as of
- 06/2024
- EIN
- 23-7156880
Organization Overview
Rainbow Division Veterans Memorial Foundation Inc, operating under the name Rainbow Division Veterans Foundation, is located in Blue Springs, MO. The organization was established in 1972. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rainbow Division Veterans Foundation 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 06/2024, Rainbow Division Veterans Foundation generated $113.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.4% each year . All expenses for the organization totaled $61.2k during the year ending 06/2024. While expenses have increased by 5.1% 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SCHOLARSHIPS TO COLLEGE STUDENTS BASED ON THEIR SUBMISSION OF AN APPLICATION AND COMPLETION OF CERTAIN REQUIREMENTS
COSTS TO PRODUCE AND DISTRIBUTE THE NATIONAL BIMONTHLY NEWSLETTER "REVEILLE" WHICH IS DEVOTED TO RAINBOW DIVISION REMEMBERANCE AND ACTIVITIES
CREATE & MAINTAIN MEMORIALS AT VARIOUS SITES IN THE US AND ABROAD IN REMEBERANCE OF PERSONS OR EVENTS SIGNIFICANT TO THE 42ND INFANTRY (RAINBOW) DIVISION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Riley Treasurer | 2 | $0 | |
Ben Pettus Asset Treasurer | 2 | $0 | |
Gary Yaple Chairman | 2 | $0 | |
Harry Miller Vice-Chairman | 2 | $0 | |
Patrick Macklin Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,960 |
| Interest on Savings | $0 |
| Dividends & Interest | $38,130 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,521 |
| Capital Gain Net Income | $4,521 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $158 |
| Other Income | $64,011 |
| Total Revenue | $113,780 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $466 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $2,656 |
| Other expenses | $21,863 |
| Total operating and administrative expenses | $32,225 |
| Contributions, gifts, grants paid | $29,000 |
| Total expenses and disbursements | $61,225 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,327 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $3,595 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,111,899 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $3,873 |
| Other liabilities | $0 |
| Total liabilities | $3,873 |
Grants Awarded
Over the last fiscal year, Rainbow Division Veterans Memorial Foundation Inc has awarded $29,000 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
KIERA SWISLOW PURPOSE: COLLEGE SCHOLARSHIP - MACARTHUR AWARD | $5,000 |
NICOLE ELYUKIN PURPOSE: COLLEGE SCHOLARSHIP - STILLMAN F SAWYER AWARD | $4,000 |
JACOB FRANK PURPOSE: COLLEGE SCHOLARSHIP - EDWARD AND LILLIAN KAISER AWARD | $3,500 |
JOSEPH DELDUCA PURPOSE: COLLEGE SCHOLARSHIP - THE MAJOR GENERAL JOSEPH J. TALUTO AWARD | $3,000 |
LAUREN RAUTENBERG PURPOSE: COLLEGE SCHOLARSHIP - THE NEWS CORP-ROBERT T. KENNEDY AWARD | $2,500 |
AMY MUNSON PURPOSE: COLLEGE SCHOLARSHIP - 42ND INFANTRY DIVISION ASSOCIATION AWARD | $2,000 |