Reeces Rainbow INC EIN 20-5466141 Form 990 (PDF) Claim this org

Reeces Rainbow INC

Not yet claimed Claim this org →

Fund international adoptions for children with special needs. For fiscal year 2024 it reported $361K in revenue, $442K in expenses, and $2.2M in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
Combined Lcks, WI
Website
reecesrainbow.org
Filings
5 on file (2020–2024)
Revenue
$361KFY2024
Expenses
$442K
Net assets
$2.2M
People
5
Filings
5
Updates
0
More identity details & actions ⌄
EIN  20-5466141 Public charity (501(c)(3)) Combined Lcks, WI
Form 990 (PDF)
Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Reeces Rainbow INC claims this page.

Know this organization? Claim it to add your story

Size
$100K–1M
What they do
Fund international adoptions for children with special needs.
Leadership
Michelle Zoromski · Treasurer · $55K
Money in and out
$361K revenue, $442K expenses
Bottom line
78% program efficiency
Where the money goes · FY2024
Total revenue
$361K
Pt VIII · Ln 12
Total expenses
$442K
Pt IX · Ln 25
Net assets
$2.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$81K
Where spending went · Part IX cols B–D
Program services $0.78 Management & general $0.16 Fundraising $0.07
Program efficiency
78%
of spending reaches programs-0.2% vs prior filing year
Operating runway
61.1mo
months of highly liquid reserves at operating expense rate▲ +2% vs prior filing year
Surplus margin
-22%
revenue over expenses, this year▼ -78% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$361K
FY2024▼ -9%
Expenses
$442K
FY2024▼ -0.8%
Total assets
$2.2M
FY2024▲ +1%
Total liabilities
$1K
FY2024
Total revenue
$361K
Pt VIII · Ln 12
Total expenses
$442K
Pt IX · Ln 25
Net assets
$2.2M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$81K
Total assetsPt X · Ln 16$2.2M
Program-expense ratioPt IX · col B78%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

2 program services account for $343K of program spending, described in the organization's own filed words · FY2024.
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.

$264Kprogram 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…

$79Kprogram expense

Run this program? Claim this org to tell your story

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CReeces Rainbow INC
EINHdr · item D20-5466141
Principal addressHdr · item CCombined Lcks, WI
WebsiteHdr · item Jreecesrainbow.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MWI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P31)
Ruling yearIRS BMFJun 2008

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$54,755Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Michelle Zoromski’s $55K as Treasurer is at the 44th percentile of top reported officer pay among 2164 $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.

See Reeces Rainbow INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Statement of Revenue

Part VIII
Contributions & grants$307K · 85%
Investment income$54K · 15%
Contributions & grants85%$307K
Investment income15%$54K
Total revenueLn 12$361K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.78 Management & general $0.16 Fundraising $0.07
Program services78%$343K
Management & general16%$70K
Fundraising7%$29K
Total functional expensesLn 25$442K

Balance Sheet

Part X · end of year
CashLn 1$752K
Total assetsLn 16$2.2M
Total liabilitiesLn 26$1K
Total net assetsLn 32$2.2M
Months of cash on handcomputed20.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $2.2M · Operating expenses/yr $442K
61.1 months
Where the money goes
Program services
Program services $343K · Total expenses $442K
78%
Management & General
Management & general $70K · Total expenses $442K
16%
Fundraising
Fundraising $29K · Total expenses $442K
7%
Cost to raise $1
Fundraising expense (3-yr avg) $30K · Solicited contributions (3-yr avg) $432K
$0.07 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $307K · Total revenue $361K
85%
Government reliance
Government grants — · Total revenue $361K
Earned-income share
Program service revenue $0 · Total revenue $361K
0%
Investment reliance
Investment income $54K · Total revenue $361K
+15%
Program self-sufficiency
Program service revenue $0 · Total expenses $442K
0%
Growth & trend
Revenue growth (YoY)
This year $361K · Prior year $396K
-9%
Revenue CAGR
FY2020 $1.1M · FY2024 $361K
-24%
Net-asset trend (YoY)
End of year $2.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $361K · Expenses $442K
-22%
Liabilities-to-Assets
Total liabilities — · Total assets $2.2M
Net-asset ratio
Net assets $2.2M · Total assets $2.2M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $1.5M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $2.2M
67%
People & payroll
Highest Reported Total Compensation
Individual Michelle Zoromski · Reported title TREASURER · Highest reported compensation $55K · Total expenses $442K
12%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $120K · Total expenses $442K
27%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 78%
Overhead ratio 16%
Fundraising cost ratio 9%
Revenue growth -9%
Investment management fee ratio 0.7%

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.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 3 funders$46K
See all 3 funders →
Grants paid · 10 grants · $2.5M · 2020–2024
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

Similar Organizations

Closest in mission — by what they do
See all organizations like Reeces Rainbow INC →

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$361K revenue · viewing · ⤓ 990 PDF
FY2023$396K revenue · ⤓ 990 PDF
FY2022$665K revenue · ⤓ 990 PDF
FY2021$1.1M revenue · ⤓ 990 PDF
FY2020$1.1M revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.