Rainbow Of Hope Foundation Inc
- Assets
- $921.8k
- Revenue
- $946.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Mt Hope, OH
- Founding
- 04/1988
- Data as of
- 08/2022
- EIN
- 34-1550591
Organization Overview
Rainbow Of Hope Foundation Inc is located in Mt Hope, OH. The organization was established in 1988. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rainbow Of Hope 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 08/2022, Rainbow Of Hope Foundation Inc generated $946.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $1.5m during the year ending 08/2022. While expenses have increased by 9.5% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FUNDING FOR MEDICAL-RELATED COSTS TO THE UNDERPRIVILEGED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL RELATED MEDICAL AND HOSPITAL COSTS OF CHILDREN WERE PAID ON BEHALF OF APPLICANTS (QUALIFIED POOR AND NEEDY PARENTS); FUNDED COSTS FOR DISEASES, BIRTH DEFECTS, ILLNESS AND MENTAL HEALTH CARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Luella Miller Secretary | OfficerTrustee | 1 | $0 |
Raymond M Miller President | OfficerTrustee | 1 | $0 |
Steven L Weaver Treasurer | OfficerTrustee | 3 | $0 |
Kevin Coblentz Trustee | Trustee | 1 | $0 |
Mahlon Raber Trustee | Trustee | 1 | $0 |
Henry Hershberger Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $899,631 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $31,068 |
| Noncash contributions included in lines 1a–1f | $899,631 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $930,699 |
| Total Program Service Revenue | $0 |
| Investment income | $15,839 |
| 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 | $946,538 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $7,589 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,377 |
| 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 | $0 |
| Insurance | $703 |
| All other expenses | $200 |
| Total functional expenses | $1,532,500 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $921,794 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $921,794 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $921,794 |
| Total liabilities and net assets/fund balances | $921,794 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Rainbow Of Hope Foundation Inc has recieved totaling $5,200.
| Awarding Organization | Amount |
|---|---|
Anabaptist Foundation Lewisburg, PA PURPOSE: Operations | $5,200 |
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Chandler Hall Health Services Inc Newtown, PA | $26,412,529 | $17,505,940 |
Botsford Continuing Care Corporation Southfield, MI | $28,554,348 | $16,692,642 |
Easter Seals Of Southeastern Pennsylvania Philadelphia, PA | $31,894,421 | $25,193,342 |
North Penn Comprehensive Health Services Mansfield, PA | $22,065,846 | $23,390,461 |
Buffalo Hearing And Speech Center Inc Buffalo, NY | $11,534,063 | $22,101,908 |
Virginia Mennonite Home Inc Harrisonburg, VA | $28,962,463 | $20,540,544 |
Memorial Professional Services Ltd Toledo, OH | $7,092,437 | $15,080,612 |
Midmichigan Health Services Houghton Lake, MI | $14,679,039 | $20,215,598 |
Meeting House Lane Medical Practice Pc Southampton, NY | $4,403,097 | $19,403,178 |