The Rainbow Network Inc
- Assets
- $3.1m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 5
- Location
- Springfield, MO
- Founding
- 01/1997
- Data as of
- 12/2022
- EIN
- 43-1720451
Organization Overview
The Rainbow Network Inc is located in Springfield, MO. The organization was established in 1997. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2022, Rainbow Network Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rainbow Network 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 12/2022, Rainbow Network Inc generated $2.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $2.0m during the year ending 12/2022. While expenses have increased by 1.7% per year over the past 8 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 SHARE THE LOVE OF JESUS CHRIST WITH NICARAGUA'S POOREST PEOPLE BY PARTNERING WITH THEM IN HEALTHCARE, EDUCATION, ECONOMIC DEVELOPMENT, AND HOUSING. THEIR WORK TARGETS REMOTE LOCATIONS WHERE PEOPLE ARE SUFFERING IN DIRT-FLOOR SHACKS; WHERE THERE IS A LACK OF SANITATION, PURE WATER, AND MEDICAL CARE; AND WHERE EDUCATIONAL OPPORTUNITIES ARE LIMITED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION BUILDS SIMPLE CONCRETE HOMES WITH A SECURE WOOD OR METAL DOOR AND A CEMENT FLOOR TO PREVENT PARASITES. THESE HOUSES ARE BUILT 25 AT A TIME AND PROVIDED TO RECIPIENT FAMILIES FOR THE COST OF BUILDING SUPPLIES FINANCED WITH NO INTEREST OVER A 10-25 YEAR PERIOD. COMMUNITY PARTICIPATION IS ESSENTIAL TO THE RAINBOW NETWORK'S HOUSING MODEL AND REFLECTS THE ORGANIZATION'S ROOTS IN HABITAT FOR HUMANITY. THE PRIDE AND EMPOWERMENT BUILT THROUGH THIS MODEL, TRANSFERS INTO RESPONSIBILITY AND LIFELONG BENEFITS FOR HOMEOWNERS AND THEIR CHILDREN. THE ORGANIZATION OPERATED IN 177 RURAL COMMUNITIES, PARTNERING WITH NEARLY 59,000 PEOPLE IN A HAND-UP FASHION. CONSTRUCTION WAS COMPLETED ON 119 HOMES WHICH WERE SUPPLEMENTED WITH POTABLE WATER, LATRINES, AND ELECTRICITY.
THE ORGANIZATION'S ECONOMIC DEVELOPMENT PROGRAM PROVIDES EDUCATION AND TRAINING FOR INDIVIDUALS WHO WANT TO OPEN AND RUN A SMALL BUSINESS OF THEIR OWN. OVER 350 FAMILIES WERE TRAINED AND HELPED START A SMALL HOME OR COMMUNITY-BASED BUSINESS.
THE ORGANIZATION PROVIDES EDUCATION FOR PRIMARY AND SECONDARY STUDENTS IN PRIVATE HOMES OR COMMUNITY BUILDINGS THAT ALSO SERVE AS SCHOOLHOUSES. MORE THAN 8,000 CHILDREN RECEIVED REINFOREMENT CLASSES IN CORE SUBJECTS AND NEARLY 1200 STUDENTS RECEIVED A HIGH SCHOOL EDUCATION.
PROFESSIONAL HEALTHCARE DOES NOT EXIST IN MOST OF THE COMMUNITIES WHERE THE ORGANIZATION OPERATES. THE ORGANIZATION'S GOAL IS TO PROVIDE AT LEAST BASIC MEDICAL SERVICES NEEDED TO RELIEVE PAIN AND SUFFERING, PLUS KEEP THE POPULATION HEALTHY AND FREE OF TREATABLE DISEASES. IT OFFERS SUPPORT TO THOSE WITH SPECIAL MEDICAL NEEDS THAT ARE BEYOND BASIC MEDICAL CARE, NOT ONLY ARRANGING FOR THE CARE, BUT ALSO ALL THE COSTS ASSOCIATED WITH THE SPECIAL TREATMENT AND/OR HOSPITAL NEEDED TO TREAT THE AILMENT, SURGERY OR REHABILITATION. OVER 15,000 MEDICAL PATIENTS WERE TREATED AND 2.6 MILLION MEALS WERE SERVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Megan Herrera President | OfficerTrustee | 40 | $97,775 |
Jeff Baker Director | Trustee | 1 | $0 |
Julie Burdin Director | Trustee | 1 | $0 |
Tim Elliott Director | Trustee | 1 | $0 |
Neil Guion Director | Trustee | 1 | $0 |
Kasey Hockman 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 | $2,115,721 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,115,721 |
| Total Program Service Revenue | $134,558 |
| Investment income | $6,931 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$493 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,265,343 |
| 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 | $496,663 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,056 |
| Payroll taxes | $104,795 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $154,584 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,270 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,280 |
| Office expenses | $49,910 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $62,377 |
| Travel | $135,568 |
| 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 | $15,748 |
| Insurance | $2,650 |
| All other expenses | $231,842 |
| Total functional expenses | $1,998,731 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $676,965 |
| Savings and temporary cash investments | $492,615 |
| Pledges and grants receivable | $335,720 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,278,705 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $35,010 |
| Investments—publicly traded securities | $201,092 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $111,105 |
| Total assets | $3,131,212 |
| Accounts payable and accrued expenses | $1,868 |
| 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 | $120,755 |
| Total liabilities | $122,623 |
| Net assets without donor restrictions | $1,474,043 |
| Net assets with donor restrictions | $1,534,546 |
| 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 | $3,131,212 |