Rainbow Of Hope Farm
- Assets
- $250.3k
- Revenue
- $109.4k
- Investments
- $0.0
- Employees
- 8
- Location
- Kingsley, MI
- Founding
- 11/1995
- Data as of
- 12/2023
- EIN
- 38-3228946
Organization Overview
Rainbow Of Hope Farm is located in Kingsley, MI. The organization was established in 1995. According to its NTEE Classification (P82) the organization is classified as: Developmentally Disabled Centers, under the broad grouping of Human Services and related organizations. As of 12/2023, Rainbow Of Hope Farm employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rainbow Of Hope Farm 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 12/2023, Rainbow Of Hope Farm generated $109.4k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $109.4k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.2%) per year over the past 9 years. 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
RAINBOW OF HOPE FARM PROVIDES DEVELOPMENTALLY DISABLED ADULTS WITH QUALITY CARE, A RESIDENCE AND A PALCE TODO MEANINGFUL WORK. RAINBOW OF HOPE FARM SUPERVISES DEVELOPMENTALLY DISABLED ADULTS IN WORKING AND SKILL BUILDING PROGRAMS THAT TEACH LIVESTOCK CARE AND HYDROPONIC FARMING AND HAND CRAFTS. IT ALSO DEVELOPS AND DIRECTS SOCIAL ACTIVITIES FOR DEVELOPMENTALLY DISABLED ADULTS AT THE FARMAND IN THE COMMUNITY TO FOSTER SOCIAL SKILLS AND QUALITY OF LIFE. THE FARM FOSTERS COMMUNITY INVOLVEMENT THROUGH RETIRED RESIDENTS WHO WORK AS CO-WORKERS WITH THE DEVELOPMENTALLY DISABLED ADULTS. WE ALSO PROVIDE INTERNSHIP PROGRAMS FOR COLLEGE STUDENTS IN AGRIBUSINESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CARED FOR AND SOLD PLANTS FOR PEOPLE'S GARDENS AND FLOWER BEADS AND MADE SALSA FOR PROFIT
PROGRAM EXPENSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Paton Trustee | Trustee | $0 | |
Carol Siefert Trustee | Trustee | $0 | |
Eileen Wooer Trustee | Trustee | $0 | |
Katherine Wooer Trustee | Trustee | $0 | |
Rick Ehlers Secretary | Officer | $0 | |
Richard Olds President | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $14,211 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,889 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,100 |
| Total Program Service Revenue | $12,044 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $78,236 |
| 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 | $109,380 |
| 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 | $72,241 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,025 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,085 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,438 |
| Advertising and promotion | $0 |
| 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 | $9,634 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $109,423 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,810 |
| Savings and temporary cash investments | $0 |
| 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 | $140,379 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $96,155 |
| Total assets | $250,344 |
| 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 | $1,121 |
| Total liabilities | $1,121 |
| Net assets without donor restrictions | $170,592 |
| Net assets with donor restrictions | $78,631 |
| 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 | $250,344 |