Reece's Rainbow INC FY2022 filing

Tax-deductible

Combined Lcks, WI501(c)(3)Since 2006Human ServicesEIN 20-5466141Revenue $665K in FY2022

On file with the IRSreecesrainbow.orgPo Box 146, 54113-0146 · Combined Lcks, WITax-exempt since Jun 2008Publicly supported charity — 170(b)(1)(A)(vi)

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Reece's Rainbow advocates and provides grant funding for the international adoption of children with down syndrome and other specials needs exclusively.

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
$51K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $38K a year · 6% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$51K
to officers and key staff · 8% of spending
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
17 mo
of spending, in cash
Looks good: 17.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $46K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$937
0.04% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$665K
-42% vs prior year
Spent
$664K
To programs
83%
Net assets
$2.1M
By yearFY2020–FY2025
Revenue
$665K
FY2022▼ -42%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.1M
FY2021$1.1M
FY2022$665K
FY2023$396K
FY2024$361K
FY2025$410K
Expenses
$664K
FY2022▼ -36%
Tap a bar for its year
Expenses by fiscal year
FY2020$786K
FY2021$1.0M
FY2022$664K
FY2023$445K
FY2024$442K
FY2025$476K
Net assets
$2.1M
FY2022▼ -9%
Tap a bar for its year
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 FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2008.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $548K Management & general 13% · $84K Fundraising 5% · $32K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990; $51K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Di
$50,870Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$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.

See Reece's Rainbow INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Fund international adoptions for children with special needs.

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Provided by the organization

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2 programs · $548K · in their own filed words · FY2022
01

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…

$422Kprogram expense
02

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.

$126Kprogram expense

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

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$665K
Ln 12
Gifts and grantsLn 1h$635K
Investment incomeLn 3$30K
Money outPt IX
$664K
Ln 25
Programscol B$548K
Managementcol C$84K
Fundraisingcol D$32K
Owns and owesPt X
$2.1M
net assets · Ln 32
Cash and savingsLn 1–2$951K
Total assetsLn 16$2.1M
LiabilitiesLn 26$937
PeoplePt VI, VII
5
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$635K
Investment incomeLn 3$30K
Total revenueLn 12$665K
Assets in detailPt X, end of year
CashLn 1$951K
Cash and savings togetherLn 1–2$951K
InvestmentsLn 11–13$1.2M
Total assetsLn 16$2.1M
LiabilitiesLn 26$937
Net assetsLn 32$2.1M
OperationsPt I, VI
EmployeesI 53
VolunteersI 624
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$865K$951K
InvestmentsLn 11–13$1.5M$1.2M
Total assetsLn 16$2.3M$2.1M
LiabilitiesLn 26$0$937
Net assetsLn 32$2.3M$2.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$480K$480K
Pay of current officers, directors and key staffLn 5$51K$20K$16K$14K
Other salaries and wagesLn 7$63K$32K$21K$10K
Payroll taxesLn 10$5K$2K$2K$1K
Investment management feesLn 11f$14K$14K
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$626$626
Information technologyLn 14$9K$2K$7K
TravelLn 17$8K$8K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$24K$850$22K$1K
All other expensesLn 24e$2K$2K$425
Total functional expensesLn 25$664K$548K$84K$32K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $410K$476K−$66K$2.3M 990 PDF
FY2024 $361K$442K−$81K$2.2M 990 PDF
FY2023 $396K$445K−$49K$2.2M 990 PDF
FY2022 Viewing $665K$664K$1K$2.1M 990 PDF
FY2021 $1.1M$1.0M$101K$2.3M 990 PDF
FY2020 $1.1M$786K$323K$2.1M 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
See the full FY2022 990 (6 parts)
Part I · Summary $665,249 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,105,181$634,928
I-9 Program service revenue$0
I-10 Investment incomePrior year $34,587$30,321
I-11 Other revenue$0
I-12 Total revenuePrior year $1,139,768$665,249
I-13 Grants and similar amounts paidPrior year $853,147$480,283
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $118,146$118,670
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $67,026$65,051
I-18 Total expensesPrior year $1,038,319$664,004
I-19 Revenue less expensesPrior year $101,449$1,245
Part VI · Governance 5 of 5 board members independent, no flags
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $665,249 across 4 lines filed
VIII-1f All other contributions, gifts and grants$634,928
VIII-1h Total contributions, gifts and grants$634,928
VIII-3 Investment incomeRelated to mission $30,321$30,321
VIII-12 Total revenueRelated to mission $30,321$665,249
Part IX · Statement of functional expenses $664,004 across 12 lines filed
IX-2 Grants to domestic individualsPrograms $480,283$480,283
IX-5 Pay of current officers, directors and key staffPrograms $20,348 · Management $16,228 · Fundraising $14,294$50,870
IX-7 Other salaries and wagesPrograms $32,126 · Management $20,555 · Fundraising $9,923$62,604
IX-10 Payroll taxesPrograms $2,475 · Management $1,627 · Fundraising $1,094$5,196
IX-11f Investment management feesManagement $13,573$13,573
IX-12 Advertising and promotionFundraising $4,250$4,250
IX-13 Office expensesFundraising $626$626
IX-14 Information technologyPrograms $1,831 · Management $7,125$8,956
IX-17 TravelPrograms $8,425$8,425
IX-23 InsuranceManagement $2,420$2,420
IX-24 Other expenses (24a–d)Programs $850 · Management $22,257 · Fundraising $1,339$24,446
IX-24e All other expensesPrograms $1,930 · Management $425$2,355
IX-25 Total functional expensesPrograms $548,268 · Management $84,210 · Fundraising $31,526$664,004
Part X · Balance sheet $2,115,563 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $864,984$950,517
X-11 Publicly traded securitiesStart of year $1,459,799$1,165,046
X-16 Total assetsStart of year $2,324,783$2,115,563
X-25 Other liabilities$937
X-26 Total liabilitiesStart of year $0$937
X-27 Net assets without donor restrictionsStart of year $105,405$81,454
X-28 Net assets with donor restrictionsStart of year $2,219,378$2,033,172
X-32 Total net assets or fund balancesStart of year $2,324,783$2,114,626
X-33 Total liabilities and net assetsStart of year $2,324,783$2,115,563
Part XI · Reconciliation of net assets $2,114,626 net assets at year end
XI-1 Total revenue$665,249
XI-2 Total expenses$664,004
XI-3 Revenue less expenses$1,245
XI-4 Net assets at start of year$2,324,783
XI-5 Net unrealized gains (losses) on investments−$211,402
XI-10 Net assets at end of year$2,114,626

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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