Rainbow Bible School Inc
- Assets
- $1.0m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 76
- Location
- Abilene, TX
- Founding
- 01/2001
- Data as of
- 07/2023
- EIN
- 75-2870946
Organization Overview
Rainbow Bible School Inc is located in Abilene, TX. The organization was established in 2001. According to its NTEE Classification (N20) the organization is classified as: Camps, under the broad grouping of Recreation & Sports and related organizations. As of 07/2023, Rainbow Bible School Inc employed 76 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rainbow Bible School 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 07/2023, Rainbow Bible School 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 4.2% each year. All expenses for the organization totaled $1.2m during the year ending 07/2023. While expenses have increased by 5.6% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
CHILDCARE WITH RELIGIOUS INSTRUCTION. BEING PROVIDED TO APPROXIMATELY 135 CHILDREN AGES NEWBORN TO 5 YEARS FROM AUGUST 2022 THROUGH JULY 2023 AS MANY AS 120 CHILDREN AT ONE TIME. SCHOLARSHIPS ARE BASED ON NEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHILDCARE WAS PROVIDED TO APPROXIMATELY 135 CHILDREN AGES NEWBORN TO 5 YEARS FROM AUGUST 2022 THROUGH JULY 2023. THERE WERE APPROXIMATELY 120 CHILDREN ENROLLED AT ONE TIME. SCHOLARSHIPS WERE AWARDED BASED ON NEED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephanie Duncan Chairperson | OfficerTrustee | 2 | $0 |
Rebecca Lana Vice-Chairperson | OfficerTrustee | 1 | $0 |
Nathan Sanders Secretary | OfficerTrustee | 1 | $0 |
Dayton Borger Treasurer | OfficerTrustee | 1 | $0 |
Katelyn East Board Member | Trustee | 0.5 | $0 |
Chase Craig Board Member | Trustee | 0.5 | $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 | $302,562 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $302,562 |
| Total Program Service Revenue | $785,959 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $18,893 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $1,107,414 |
| 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 | $881,836 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,692 |
| Payroll taxes | $68,258 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,030 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,983 |
| Fees for services: Other | $5,687 |
| Advertising and promotion | $1,421 |
| Office expenses | $720 |
| Information technology | $135 |
| Royalties | $0 |
| Occupancy | $75,845 |
| 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 | $23,564 |
| Insurance | $10,520 |
| All other expenses | $2,534 |
| Total functional expenses | $1,153,626 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $249,777 |
| Savings and temporary cash investments | $259,394 |
| 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 | $157,359 |
| Investments—publicly traded securities | $336,656 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,003,186 |
| 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 | $7,013 |
| Total liabilities | $7,013 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $996,173 |
| Total liabilities and net assets/fund balances | $1,003,186 |