Rainbow Dreams Educational Foundation is located in Las Vegas, NV. The organization was established in 2000. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rainbow Dreams Educational Foundation 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 Dreams Educational Foundation generated $192.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.7%) each year. All expenses for the organization totaled $294.3k 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
TO STRENGTHEN AND SUPPORT HISTORICALLY UNDERSERVED COMMUNITIES IN SOUTHERN NEVADA THROUGH EDUCATIONAL AND CULTURAL PROGRAMS AND SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RAINBOW DREAMS ACADEMY CHARTER SCHOOL IS A PRIMARY PROVIDER OF EARLY CHILDHOOD EDUCATION, FAMILY ENGAGEMENT, AND PROFESSIONAL DEVELOPMENT PROGRAMMING AND SUPPORT SERVICES IN CLARK COUNTY, NEVADA. THE PROGRAM FOCUSES PRIMARILY ON AT-RISK YOUTH IN UNDER-SERVED POPULATIONS AND CURRENTLY SERVES MORE THAN 300 STUDENTS IN BOTH PRE-K AND KINDERGARTEN. ESTABLISHED IN 2007, AND INITIALLY SERVING A MERE 52 STUDENTS, RAINBOW DREAMS ACADEMY CHARTER SCHOOL'S FOCUS HAS ALWAYS BEEN TO CONSISTENTLY PROVIDE OUR STUDENTS WITH A SOLID EDUCATIONAL FOUNDATION, WHILE EMBRACING DIVERSITY, ENCOURAGING CULTURAL AND ARTISTIC EXPRESSION, ENGAGING IN COMMUNITY OUTREACH, AND HELPING TO DEVELOP PERSONAL RESPONSIBILITY AND ACCOUNTABILITY HABITS WHICH DIRECTLY CONTRIBUTE TO THEIR OVERALL ACADEMIC SUCCESS. THE RAINBOW DREAMS ACADEMY PROGRAM HAS EVOLVED SIGNIFICANTLY OVER THE YEARS AND NOW INCLUDES "DREAM CARE" OUR PREMIERE BEFORE AND AFTER SCHOOL TUTORING PROGRAM WHICH PROVIDES FREE AND REDUCED COST DAILY NUTRITIONAL SERVICES TO STUDENTS ENROLLED IN THE PROGRAM. DREAM CARE ALSO PROVIDES STUDENTS WITH BACKPACKS CONTAINING NECESSARY SCHOOL SUPPLIES AND FREE SCHOOL UNIFORMS. RAINBOW DREAMS ACADEMY CHARTER SCHOOL OFFERS A TUITION-FREE FULL-DAY STEM-BASED ACADEMIC PROGRAM AND BOASTS SMALLER TEACHER-TO-STUDENT RATIOS. RDA EDUCATORS, ADMINISTRATORS, AND SUPPORT STAFF ARE HIGHLY QUALIFIED AND DEDICATED TO MAKING CERTAIN THAT OUR STUDENTS HAVE THE HANDS-ON SUPPORT THEY NEED TO MEET THE DEMANDS AND EXPECTATIONS OF A CHALLENGING CURRICULUM. WE STRIVE TO CREATE LIFELONG LEARNERS WHO HAVE A PASSION FOR LEARNING AND WHO POSSESS THE TOOLS NECESSARY TO BECOME CONTRIBUTORY MEMBERS OF SOCIETY AND LEADERS IN THEIR COMMUNITY.
LAS VEGAS JUNETEENTH FESTIVAL: FOR THE PAST TWO DECADES RAINBOW DREAMS EDUCATIONAL FOUNDATION, WITH THE SUPPORT OF VARIOUS CORPORATE SPONSORS AND COMMUNITY PARTNERS, HAS PRESENTED THE LAS VEGAS JUNETEENTH FESTIVAL; AN ANNUAL CELEBRATION COMMEMORATING THE NATIONAL JUNETEENTH HOLIDAY. THIS IMPORTANT EVENT HELPS US CONNECT VALUABLE COMMUNITY SERVICES TO STUDENTS, THEIR FAMILIES, AND THE COMMUNITY AT LARGE WHILE CELEBRATING AFRICAN AMERICAN PEOPLE AND THEIR MANY INVALUABLE CONTRIBUTIONS TO AMERICAN CULTURE. THE JUNETEENTH FESTIVAL IS AN OPPORTUNITY FOR PEOPLE OF ALL BACKGROUNDS AND ETHNICITIES TO COME TOGETHER TO PROMOTE EDUCATIONAL EQUALITY AND ECONOMIC EMPOWERMENT. THE LAS VEGAS JUNETEENTH FESTIVAL IS A FAMILY FRIENDLY OPEN-AIR EVENT THAT IS FREE TO THE PUBLIC AND FEATURES, LIVE ENTERTAINMENT, MUSIC, DANCE, ART, COMMERCE, AND MORE.
RAINBOW DREAMS SCHOLARSHIP PROGRAM: THE RAINBOW DREAMS SCHOLARSHIP PROGRAM PROVIDES FINANCIAL ASSISTANCE TO DESERVING HIGH SCHOOL GRADUATES WHO ARE PLANNING TO PURSUE A COLLEGE DEGREE. EVERY YEAR RAINBOW DREAMS EDUCATIONAL FOUNDATION AWARDS SIX MONETARY SCHOLARSHIPS OF VARYING AMOUNTS TO SELECTEES TO ASSIST THEM WITH MEETING THE FINANCIAL DEMANDS ASSOCIATED WITH ATTENDING A FACILITY OF HIGHER LEARNING. THE SCHOLARSHIP PROGRAM WAS CREATED TO PROVIDE FINANCIAL SUBSIDY FOR STUDENTS FROM LOWER-INCOME COMMUNITIES WHO LACK THE REQUISITE FINANCIAL RESOURCES TO MEET THE CONSISTENTLY RISING COSTS OF HIGHER EDUCATION. SCHOLARSHIP RECIPIENTS ARE CAREFULLY SCREENED BY A SPECIAL COMMITTEE MADE UP OF COMMUNITY LEADERS, LOCAL ENTREPRENEURS, AND EDUCATORS SERVING ON A VOLUNTEER BASIS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Dr Debra Toney President | Officer | 1 | $0 |
Hannah Brown Board Member | Trustee | 1 | $0 |
Dr Christine Clark Board Member | Trustee | 1 | $0 |
David Pulliam Board Member | Trustee | 1 | $0 |
Marie Ray Scott Board Member | Trustee | 1 | $0 |
Cindy Braden Secretary | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $166,230 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $13,171 |
Noncash contributions included in lines 1a–1f | $50,088 |
Total Revenue from Contributions, Gifts, Grants & Similar | $179,401 |
Total Program Service Revenue | $0 |
Investment income | $13,403 |
Tax Exempt Bond Proceeds | $0 |
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 | $192,804 |
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. | $85,000 |
Compensation of current officers, directors, key employees. | $8,500 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
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 | $16,870 |
Advertising and promotion | $0 |
Office expenses | $1,865 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
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 | $0 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $294,337 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $26,750 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $14,890 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $412,943 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $144 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $454,727 |
Accounts payable and accrued expenses | $1,346 |
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 | $1,346 |
Net assets without donor restrictions | $453,381 |
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 | $454,727 |
Over the last fiscal year, we have identified 2 grants that Rainbow Dreams Educational Foundation has recieved totaling $18,858.
Awarding Organization | Amount |
---|---|
Global Charity Foundation Las Vegas, NV PURPOSE: EDUCATIONAL TUTORING | $13,858 |
Western Alliance Community Foundation Inc Phoenix, AZ PURPOSE: EDUCATION | $5,000 |
Organization Name | Assets | Revenue |
---|---|---|
Charles And Helen Schwab Foundation San Francisco, CA | $691,573,201 | $120,025,754 |
Hispanic Scholarship Fund Gardena, CA | $152,619,685 | $60,036,131 |
Arizona Leadership Foundation Inc Scottsdale, AZ | $8,143,528 | $41,232,860 |
College Track Oakland, CA | $64,375,720 | $27,539,542 |
Business For Social Responsibility San Francisco, CA | $23,283,625 | $33,746,077 |
Arizona Christian School Tuition Organization Inc Chandler, AZ | $15,419,007 | $23,692,507 |
Institute For Better Education Tucson, AZ | $37,186,348 | $28,870,649 |
Catholic Education Arizona Phoenix, AZ | $32,375,379 | $24,525,242 |
Mcconnell Foundation Redding, CA | $0 | $21,867,294 |
Arizona Tuition Connection Inc Scottsdale, AZ | $37,104,483 | $31,699,669 |
Making Waves Foundation Inc Richmond, CA | $241,696,341 | $12,436,212 |
Port Of Los Angeles High School San Pedro, CA | $18,161,675 | $15,549,620 |