Rainbow Express Ministries
- Assets
- $2.6m
- Revenue
- $388.4k
- Investments
- $0.0
- Employees
- 5
- Location
- Charlotte, NC
- Founding
- 01/2015
- Data as of
- 12/2023
- EIN
- 47-1694334
Organization Overview
Rainbow Express Ministries is located in Charlotte, NC. The organization was established in 2015. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2023, Rainbow Express Ministries employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rainbow Express Ministries 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 Express Ministries generated $388.4k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $395.7k during the year ending 12/2023. While expenses have increased by 10.7% per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
OUR PURPOSE IS TO EQUIP AND NURTURE A COMMUNITY SO THAT IT REFLECTS THE INVOLVEMENT, GIFTS, AND VALUE OF YOUNG ADULTS WITH AND WITHOUT DISABILITIES, BY PROVIDING OPPORTUNITIES FOR BELONGING AND EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
YOUNG ADULT WEEKLY PROGRAM: MEMBERS TYPICALLY MEET 3 TIMES PER WEEK FOR VARIOUS ACTIVITIES SUCH AS COMMUNITY SERVICE, BIBLE STUDY, SEMINARS, FELLOWSHIP, AND RETREATS. THIS PROGRAM ALSO INCLUDES 85% OF EMPLOYEE PAYROLL EXPENSES.
SUMMER CAMP: WEEK LONG DAY CAMP WHICH HOSTS 100+ CHILDREN AND YOUNG ADULTS WITH SPECIAL NEEDS ENGAGING IN SEVERAL ACTIVITIES SUCH AS MUSIC, ARTS AND CRAFTS, RECREATION, DEVOTIONALS AND FIELD TRIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laurie Little Director | Trustee | 60 | $0 |
Thomas Little Jr Board Member | Trustee | 3 | $0 |
Daniel Bowes Board Member | Trustee | 3 | $0 |
Ruth Cooley Board Member | Trustee | 3 | $0 |
Fred Devore Board Member | Trustee | 3 | $0 |
Dawn Riehm Board Member | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $133,146 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $182,737 |
| Noncash contributions included in lines 1a–1f | $45,227 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $315,883 |
| Total Program Service Revenue | $76,700 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$4,170 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $388,413 |
| 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 | $212,942 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $16,290 |
| 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 | $0 |
| Office expenses | $16,929 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,006 |
| Travel | $13,281 |
| 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 | $59,911 |
| Insurance | $8,569 |
| All other expenses | $13,849 |
| Total functional expenses | $395,660 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $881,948 |
| 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 | $5,383 |
| Net Land, buildings, and equipment | $1,730,667 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,617,998 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $3,112 |
| 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 | $3,112 |
| Net assets without donor restrictions | $2,614,886 |
| 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 | $2,617,998 |