Rainbow Of Challenges Inc
- Assets
- $14.5m
- Revenue
- $15.8m
- Investments
- $0.0
- Employees
- 540
- Location
- Hope, AR
- Founding
- 09/1972
- Data as of
- 06/2022
- EIN
- 71-0417425
Organization Overview
Rainbow Of Challenges Inc is located in Hope, AR. The organization was established in 1972. 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 06/2022, Rainbow Of Challenges Inc employed 540 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rainbow Of Challenges 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 06/2022, Rainbow Of Challenges Inc generated $15.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $14.5m during the year ending 06/2022. 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
DISCOVERING OPPORTUNITIES THAT INSPIRE LIVES...WHATEVER IT TAKES!
Describe the Organization's Program Activity:
Part 3 - Line 4a
ROC PROVIDES A WIDE ARRAY OF SERVICES/SUPPORTS TO OVER 500 INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES. SERVICE OPTIONS INCLUDE: DAY TREATMENT SERVICES FOR CHILDREN & ADULTS, REHAB SERVICES, SUPPORTED LIVING, COMMUNITY WAIVER, ARKANSAS BATTER CHANCE PROGRAM, CHILD CARE, PERSONAL CARE, CASE MANAGEMENT, TRANSPORTATION, NUTRITION, NURSING/MEDICAL CARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judy Watson CEO | Officer | 40 | $112,365 |
Vacant Board Member | Trustee | 1 | $0 |
Shannon Hawthorne Board Member | Trustee | 1 | $0 |
Becky Williams Board Member | Trustee | 1 | $0 |
Vacant Board Member | Trustee | 1 | $0 |
Floyd Young Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $7,375 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $767,182 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,315 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $783,872 |
| Total Program Service Revenue | $14,539,873 |
| Investment income | $108,971 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $75,965 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,809,301 |
| 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. | $112,365 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,119,024 |
| Pension plan accruals and contributions | $157,365 |
| Other employee benefits | $617,418 |
| Payroll taxes | $746,864 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $36,580 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $511,778 |
| Advertising and promotion | $24,024 |
| Office expenses | $296,845 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $282,861 |
| Travel | $49,142 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $88,530 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $239,431 |
| Insurance | $180,898 |
| All other expenses | $18,552 |
| Total functional expenses | $14,457,803 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,483,795 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,859,433 |
| 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 | $99,143 |
| Net Land, buildings, and equipment | $3,961,611 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $100,000 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,503,982 |
| Accounts payable and accrued expenses | $281,043 |
| 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 | $281,043 |
| Net assets without donor restrictions | $14,222,939 |
| 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 | $14,503,982 |