Reece's Rainbow INC

Combined Locks, WI · Public charity (501(c)(3)) · Since 2006 · Human Services

✓ Tax-deductible
Revenue
$410K
+14% vs prior year
Spent
$476K
To programs
80%
Net assets
$2.3M
By yearFY2020–FY2025
Revenue
$410K
FY2025▲ +14%
Revenue by fiscal year
FY2020$1.1M
FY2021$1.1M
FY2022$665K
FY2023$396K
FY2024$361K
FY2025$410K
Expenses
$476K
FY2025▲ +8%
Expenses by fiscal year
FY2020$786K
FY2021$1.0M
FY2022$664K
FY2023$445K
FY2024$442K
FY2025$476K
Net assets
$2.3M
FY2025▲ +1%
Net assets by fiscal year
FY2020$2.1M
FY2021$2.3M
FY2022$2.1M
FY2023$2.2M
FY2024$2.2M
FY2025$2.3M

From the FY2025 Form 990 · see the original

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Yes — filed FY2025
Legal name (IRS)Hdr · item CReece's Rainbow INC
EINHdr · item D20-5466141
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFJun 2008
Year of formationHdr · item L2006
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CCombined Locks, WI
NTEE classificationIRS BMFHuman Services (P31)
WebsiteHdr · item Jreecesrainbow.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.80 Management & general $0.14 Fundraising $0.07
Program services80%$379K
Management & general14%$65K
Fundraising7%$32K
Total functional expensesLn 25$476K

Financial health

Is it on solid ground?

Program efficiency
80%
of spending reaches programs▲ +3% vs prior filing year
Operating runway
57.5mo
months of highly liquid reserves at operating expense rate▼ -6% vs prior filing year
Surplus margin
-16%
revenue over expenses, this year▲ +28% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Total assets
$2.3M
FY2025▲ +1%
Total assets by fiscal year
FY2020$2.1M
FY2021$2.3M
FY2022$2.1M
FY2023$2.2M
FY2024$2.2M
FY2025$2.3M
Total liabilities
$24
FY2025▼ -98%
Total liabilities by fiscal year
FY2020$10
FY2021$0
FY2022$937
FY2023$0
FY2024$1K
FY2025$24
Revenue less expensesPt I · Ln 19−$66K
Total assetsPt X · Ln 16$2.3M
Program-expense ratioPt IX · col B80%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45

Balance Sheet

Part X · end of year
CashLn 1$707K
Total assetsLn 16$2.3M
Total liabilitiesLn 26$24
Total net assetsLn 32$2.3M
Months of cash on handcomputed17.8

Statement of Revenue

Part VIII
Contributions & grants$358K · 87%
Investment income$52K · 13%
Contributions & grants87%$358K
Investment income13%$52K
Total revenueLn 12$410K

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $2.3M · Operating expenses/yr $476K
57.5 months
Where the money goes
Program services
Program services $379K · Total expenses $476K
80%
Management & General
Management & general $65K · Total expenses $476K
14%
Fundraising
Fundraising $32K · Total expenses $476K
7%
Cost to raise $1
Fundraising expense (3-yr avg) $30K · Solicited contributions (3-yr avg) $339K
$0.09 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $358K · Total revenue $410K
87%
Government reliance
Government grants — · Total revenue $410K
—
Earned-income share
Program service revenue $0 · Total revenue $410K
0%
Investment reliance
Investment income $52K · Total revenue $410K
+13%
Program self-sufficiency
Program service revenue $0 · Total expenses $476K
0%
Growth & trend
Revenue growth (YoY)
This year $410K · Prior year $361K
+14%
Revenue CAGR
FY2020 $1.1M · FY2025 $410K
-18%
Net-asset trend (YoY)
End of year $2.3M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $410K · Expenses $476K
-16%
Liabilities-to-Assets
Total liabilities — · Total assets $2.3M
—
Net-asset ratio
Net assets $2.3M · Total assets $2.3M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $1.6M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $2.3M
69%
People & payroll
Highest Reported Total Compensation
Individual Cameron Alkhazraji · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $476K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $115K · Total expenses $476K
24%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 80%——
Overhead ratio 14%——
Fundraising cost ratio 9%——
Revenue growth 14%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Michelle Zoromski’s $55K as Treasurer is at the 43rd percentile of top reported officer pay among 2168 $100K–1M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Michelle Zoromski$54,755$52,466$50,870$49,440$48,430

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Governance & Policies

Part VI
  • 5Voting board membersPt VI · Ln 1a
  • 5Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Fund international adoptions for children with special needs.

Provided by the organization

This section is blank until Reece's Rainbow INC claims this page.

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Mission & Programs · Part III

Where the work happens

2 program services account for $379K of program spending, described in the organization's own filed words · FY2025.
01

Family Sponsorship Grant Fund

Our FSP program makes it possible for friends and family to donate towards family's adoption of a particular child. This grant supplements the child's original waiting child grant once a family has made the official commitment for that child. 100% of each donation goes to this fund and is legally still made on behalf of the child.

$303Kprogram expense
02

Waiting Child Grant Fund

Our waiting child grant fund(which includes funds raiased during our annual christmas angel tree project),accepts donations for individual orphans with down syndrome and other special needs living in foreign ORPHANAGES.THESE funds are held as adoption grants for each child and encourage potential adoptive families to adopt the…

$76Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 3 funders$46K
See all 3 funders →
Grants paid · 12 grants · $2.8M · 2020–2025
Unitemized GrantFY2025$246,218
Unitemized GrantFY2025$61,555
Unitemized GrantFY2024$203,053
Unitemized GrantFY2024$60,652
Unitemized GrantFY2023$210,060
Unitemized GrantFY2023$62,745
Unitemized GrantFY2022$369,818
Unitemized GrantFY2022$110,465
Unitemized GrantFY2021$725,175
Unitemized GrantFY2021$127,972
Unitemized GrantFY2020$504,307
Unitemized GrantFY2020$96,058

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest Viewing $410K$476K+14% 990 PDF
FY2024 $361K$442K-9% 990 PDF
FY2023 $396K$445K-41% 990 PDF
FY2022 $665K$664K-42% 990 PDF
FY2021 $1.1M$1.0M+3% 990 PDF
FY2020 $1.1M$786K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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