Rainbow Shoppe
- Assets
- $390.4k
- Revenue
- $267.9k
- Investments
- $0.0
- Employees
- 6
- Location
- Charlevoix, MI
- Founding
- 11/2006
- Data as of
- 12/2021
- EIN
- 38-2464854
Organization Overview
Rainbow Shoppe is located in Charlevoix, MI. The organization was established in 2006. According to its NTEE Classification (P29) the organization is classified as: Thrift Shops, under the broad grouping of Human Services and related organizations. As of 12/2021, Rainbow Shoppe employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rainbow Shoppe 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 Shoppe generated $267.9k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $214.4k during the year ending 12/2021. While expenses have increased by 0.2% per year over the past 6 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
TO WORK WITH CHARLEVOIX MINISTERIAL ASSOCIATION IN THE ORGANIZING AND MANAGEMENT OF A RESALE SHOP ON A VOLUNTEER BASIS, FOR THE BETTERMENT OF THE COMMUNITY BY PROVIDING FOR THOSE IN NEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE RAINBOW SHOPPE IS A RESALE STORE STOCKED WITH DONATED CLOTHING, HOUSEHOLD ITEMS, BOOKS, TOYS AND FURNITURE. IT'S PURPOSE IS TO PROVIDE NECESSARY ITEMS TO NEEDY PEOPLE AT A NOMINAL COST. IT ALSO PROVIDES PERSONAL CONTACT WITH LONELY, DISTRESSED, NEEDY PEOPLE IN THE AREA. ITEMS ARE GIVEN TO THOSE WHO CANNOT AFFORD TO PAY FOR THEM.
FINANCIAL ASSISTANCE TO ORGANIZATIONS THAT HELP THE NEEDY.
FINANCIAL ASSISTANCE TO INDIVIDUALS INCLUDING, ASSISTANCE WITH RENT, UTILITIES, CLOTHING, SCHOLARSHIPS AND CHRISTMAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diana Haughton Vice Preside | OfficerTrustee | $0 | |
Gail Seidel Secretary/tr | OfficerTrustee | $0 | |
Mike Spilis President | OfficerTrustee | $0 | |
Loretta Towsley Director | Trustee | $0 | |
Charlevoix Ministerial Rep Director | Trustee | $0 | |
Judy Johnson Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $9 |
| 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 | $234,510 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $267,944 |
| 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 | $145,717 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,374 |
| Payroll taxes | $11,501 |
| 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 | $0 |
| Advertising and promotion | $316 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $9,404 |
| Insurance | $8,073 |
| All other expenses | $9,575 |
| Total functional expenses | $214,382 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $117,000 |
| Savings and temporary cash investments | $9,200 |
| 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 | $264,150 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $390,350 |
| Accounts payable and accrued expenses | $4,777 |
| 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 | $4,777 |
| Net assets without donor restrictions | $385,573 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $390,350 |
Peer Organizations
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|---|---|---|
Bibles For Missionsthrift Centers Hudsonville, MI | $8,979,517 | $6,480,350 |
St Vincent De Paul Society District Council Of Green Bay Green Bay, WI | $6,984,787 | $5,313,113 |
Abilities Richmond Richmond, IN | $210,319 | $2,452,026 |
Society Of St Vincent De Paul Diocesan Council Of Lafayette Noblesville, IN | $1,377,536 | $1,591,122 |
St Vincent De Paul Council Of Neenah-Menasha Inc Neenah, WI | $2,036,881 | $1,874,816 |
Fort Wayne Society Of St Vincent Depaul Inc Fort Wayne, IN | $1,872,143 | $1,538,116 |
St Josephs Conference Of The Societ St Vincent De Paul Inc Rice Lake, WI | $1,420,027 | $1,322,338 |
Thriftology Inc Fredericksburg, OH | $865,769 | $1,716,371 |
District Of Evansville Of The Society Of St Vincent De Paul Inc Evansville, IN | $3,528,362 | $1,814,462 |
St Vincent De Paul Charitable Enterprises Inc Dayton, OH | $1,036,487 | $913,920 |
Holmes-Tuscarawas Mennonite Save- And-Serve Shops Inc Millersburg, OH | $2,361,273 | $1,217,107 |
Country Closet Thrift Shop Inc Plain City, OH | $1,037,355 | $987,571 |