Rainbow Childcare Of Monroe Inc
- Assets
- $916.0k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 40
- Location
- Monroe, WI
- Founding
- 01/1977
- Data as of
- 08/2022
- EIN
- 39-1251570
Organization Overview
Rainbow Childcare Of Monroe Inc is located in Monroe, WI. The organization was established in 1977. According to its NTEE Classification (P33) the organization is classified as: Child Day Care, under the broad grouping of Human Services and related organizations. As of 08/2022, Rainbow Childcare Of Monroe Inc employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rainbow Childcare Of Monroe 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 Childcare Of Monroe Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $894.6k during the year ending 08/2022. While expenses have increased by 2.1% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
RAINBOW CHILDCARE INC. IS A NOT FOR PROFIT CHILD CARE AGENCY COMMITTED TO PROVIDING QUALITY, AFFORDABLE, LEARNING-ORIENTED CHILD CARE TO THE GREATER GREEN COUNTY COMMUNITY. WE SERVE THE CHILDREN ENROLLED AT RAINBOW CHILDCARE, INC. AND THEIR FAMILIES AS WELL AS BUSINESSES IN THE COMMUNITY AND THE COMMUNITY AT LARGE.WE PROVIDE CARE TO CHILDREN AGES FIVE WEEKS TO TWELVE YEARS OLD WITHOUT DISCRIMINATION BASED ON GENDER, RELIGION, RACE, ETHNIC ORIGIN, NATIONALITY, OR CREED. WE OPERATE ABOVE THE STANDARDS SET BY THE STATE OF WISCONSIN FOR CHILDCARE AGENCIES AND CONSTANTLY STRIVE TO ACHIEVE AN EVER INCREASING LEVEL OF QUALITY.WE RECOGNIZE EACH CHILD AS A MEMBER OF A DISTINCT FAMILY UNIT AND LOOK FOR OPPORTUNITIES TO ENHANCE FAMILY RELATIONSHIPS AND FOR SERVICES THAT WILL BENEFIT BOTH THE CHILD AND THE FAMILY. WE VALUE AND ENCOURAGE PARENTAL INVOLVEMENT AT ALL LEVELS OF THE ORGANIZATION.WE BELIEVE THAT ACCESS TO QUALITY CHILDCARE PLAYS AN IMPORTANT ROLE IN THE SUCCESS OF THE GREATER GREEN COUN
Describe the Organization's Program Activity:
Part 3 - Line 4a
DAY CARE CENTER SERVING CHILDREN RANGING IN AGE FROM 5 WEEKS THROUGH 12 YEARS. OPEN MONDAY THROUGH FRIDAY 6:00 A.M. TO 5:45 P.M.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beth Kindschi Vice President | Officer | 1 | $0 |
Amy Jenson Secretary | Officer | 1 | $0 |
Amanda Fields President | Officer | 1 | $0 |
Jennifer Buholzer Director | Trustee | 1 | $0 |
Michelle Hanson Director | Trustee | 1 | $0 |
Nicole Wirtjes Director | Trustee | 1 | $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 | $152,091 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $152,091 |
| Total Program Service Revenue | $896,874 |
| Investment income | $2,890 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $6,905 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,058,760 |
| 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 | $524,651 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $48,964 |
| Payroll taxes | $41,381 |
| 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 | $1,533 |
| Office expenses | $7,368 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,600 |
| Travel | $337 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | -$246 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $27,809 |
| Insurance | $16,848 |
| All other expenses | $53,175 |
| Total functional expenses | $894,608 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $439,241 |
| Savings and temporary cash investments | $30,841 |
| 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 | $401,278 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $44,687 |
| Total assets | $916,047 |
| 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 | $12,480 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $12,480 |
| 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 | $265,565 |
| Retained earnings, endowment, accumulated income, or other funds | $638,002 |
| Total liabilities and net assets/fund balances | $916,047 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Rainbow Childcare Of Monroe Inc has recieved totaling $27,797.
| Awarding Organization | Amount |
|---|---|
United Way Of Green County Inc Monroe, WI | | $10,000 |
United Way Of Green County Inc Monroe, WI | | $10,000 |
Community Foundation Of Southern Wisconsin Inc Janesville, WI PURPOSE: TUITION ASSISTANCE AND GENERAL SUPPORT | $7,797 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Think Small Saint Paul, MN | $8,024,590 | $30,547,585 |
Providers Choice Inc Minneapolis, MN | $4,205,480 | $24,736,652 |
Baby Fold Normal, IL | $27,364,116 | $17,486,637 |
Child Care Resource And Referral Inc Rochester, MN | $8,853,289 | $18,520,404 |
Day Care Resources Inc Tremont, IL | $2,117,943 | $17,941,943 |
Centers For New Horizons Inc Chicago, IL | $7,305,979 | $16,275,139 |
Sal Family And Community Services Moline, IL | $8,918,922 | $19,104,520 |
Carole Robertson Center For Learning Chicago, IL | $14,277,174 | $18,327,901 |
Children And Families Of Iowa Des Moines, IA | $18,712,609 | $16,514,094 |
Henry Booth House Chicago, IL | $2,336,796 | $13,372,384 |
Mary Crane League Chicago, IL | $2,658,190 | $10,239,399 |
Mid-Michigan Child Care Centers Inc Freeland, MI | $1,154,182 | $9,904,930 |