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Rainbow Gymnastics INC FY2023 filing

Tax-deductible

Medford, WI501(c)(3)Recreation & Sports EIN 27-4553013Revenue $321K in FY2023

On file with the IRSPo Box 61, 54451-0061 · Medford, WITax-exempt since Jul 2011Publicly supported — 509(a)(2)

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To provide a positive atmosphere to learn gymnastic skills as well as an opporunity for those interested to compete routines set by USA Gymnastics and AAU Gymnastics

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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 4
filings with a surplus
Average surplus $48K a year · 20% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
11 mo
of spending, in cash
Looks good: 10.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $500
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$227K
42% of total assets
Looks good: liabilities are 42% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 7 voting members
Concern: none of 7 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$321K
+71% vs prior year
Spent
$171K
To programs
98%
Net assets
$313K
By yearFY2020–FY2025
Revenue
$321K
FY2023▲ +71%
Tap a bar for its year
Revenue by fiscal year
FY2020$153K
FY2021$146K
FY2022$188K
FY2023$321K
FY2024$223K
FY2025$249K
Expenses
$171K
FY2023▲ +14%
Tap a bar for its year
Expenses by fiscal year
FY2020$151K
FY2021Not on file
FY2022Not on file
FY2023$171K
FY2024$223K
FY2025$207K
Net assets
$313K
FY2023▲ +91%
Tap a bar for its year
Net assets by fiscal year
FY2020$134K
FY2021$440K
FY2022$164K
FY2023$313K
FY2024$283K
FY2025$307K

From the FY2023 Form 990 (year ending August 2023) · see the original

990 PDF Claim
You’re viewing the FY2023 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 Jul 2011.

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

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $168K Management & general 2% · $4K

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

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Billy Hartwig
Vice President
$0Pt VII · Sec A
See Rainbow Gymnastics 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 15aNo

Programs and updates

Teaches gymnastics skills and offers competitive opportunities.

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Provided by the organization

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1 program · $168K · in their own filed words · FY2022
01

Develop and promote gymnastics

$168Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Abbybank Foundation INCFY2024$500
Total grants receivedfrom 1 funder$500

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$321K
Ln 12
Fees for servicesLn 2g$186K
Gifts and grantsLn 1h$130K
Other incomeLn 4–11$5K
Money outPt IX
$171K
Ln 25
Programscol B$168K
Managementcol C$4K
Owns and owesPt X
$313K
net assets · Ln 32
Cash and savingsLn 1–2$153K
Total assetsLn 16$540K
LiabilitiesLn 26$227K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$130K
Government grantsLn 1e$37K
Fees for servicesLn 2g$186K
Investment incomeLn 3$30
Other incomeLn 4–11$5K
Total revenueLn 12$321K
Assets in detailPt X, end of year
CashLn 1$48K
SavingsLn 2$105K
Cash and savings togetherLn 1–2$153K
Land, buildings, equipmentLn 10c$387K
Total assetsLn 16$540K
LiabilitiesLn 26$227K
Net assetsLn 32$313K
OperationsPt I, VI
EmployeesI 530
VolunteersI 68
Fiscal year endsHeaderAugust
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$32K$153K
Land, buildings, equipmentLn 10c$403K$387K
Total assetsLn 16$436K$540K
LiabilitiesLn 26$272K$227K
Net assetsLn 32$164K$313K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$73K$73K
Payroll taxesLn 10$6K$6K
Accounting feesLn 11c$4K$4K
Advertising and promotionLn 12$241$241
OccupancyLn 16$21K$21K
InterestLn 20$9K$9K
Depreciation, depletion and amortizationLn 22$18K$18K
InsuranceLn 23$11K$11K
Other expenses (24a–d)Ln 24$12K$12K
All other expensesLn 24e$19K$19K
Total functional expensesLn 25$171K$168K$4K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $249K$207K$43K$307K 990 PDF
FY2024 $223K$223K−$508$283K 990 PDF
FY2023 Viewing $321K$171K$149K$313K 990 PDF
FY2022 $188K$164K 990 PDF
FY2021 $146K$440K 990 PDF
FY2020 $153K$151K$2K$134K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $320,761 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,744$129,549
I-9 Program service revenuePrior year $168,296$185,832
I-10 Investment incomePrior year $58$30
I-11 Other revenuePrior year $97$5,350
I-12 Total revenuePrior year $170,195$320,761
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $66,906$78,439
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $98,183$92,890
I-18 Total expensesPrior year $165,089$171,329
I-19 Revenue less expensesPrior year $5,106$149,432
Part VI · Governance 0 of 7 board members independent, 2 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $320,761 across 8 lines filed
Lines not itemized here account for $84 of total revenue; see the IRS return.
VIII-1e Government grants$37,000
VIII-1f All other contributions, gifts and grants$92,549
VIII-1h Total contributions, gifts and grants$129,549
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $185,832$185,832
VIII-3 Investment incomeRelated to mission $30$30
VIII-6 Net rental income or lossRelated to mission $5,235$5,235
VIII-8 Net income from fundraising eventsUnrelated business $31$31
VIII-12 Total revenueRelated to mission $191,181 · Unrelated business $31 · Excluded from tax $0$320,761
Part IX · Statement of functional expenses $171,329 across 10 lines filed
IX-7 Other salaries and wagesPrograms $72,672$72,672
IX-10 Payroll taxesPrograms $5,767$5,767
IX-11c Accounting feesManagement $3,522$3,522
IX-12 Advertising and promotionPrograms $241$241
IX-16 OccupancyPrograms $20,738$20,738
IX-20 InterestPrograms $9,077$9,077
IX-22 Depreciation, depletion and amortizationPrograms $17,999$17,999
IX-23 InsurancePrograms $11,022$11,022
IX-24 Other expenses (24a–d)Programs $11,540$11,540
IX-24e All other expensesPrograms $18,751$18,751
IX-25 Total functional expensesPrograms $167,807 · Management $3,522 · Fundraising $0$171,329
Part X · Balance sheet $540,155 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $29,349$47,598
X-2 Savings and temporary cash investmentsStart of year $3,127$105,263
X-10c Land, buildings and equipment, netStart of year $403,166$387,294
X-16 Total assetsStart of year $435,642$540,155
X-26 Total liabilitiesStart of year $271,977$227,058
X-27 Net assets without donor restrictionsStart of year $163,665$313,097
X-32 Total net assets or fund balancesStart of year $163,665$313,097
X-33 Total liabilities and net assetsStart of year $435,642$540,155
Part XI · Reconciliation of net assets $313,097 net assets at year end
XI-1 Total revenue$320,761
XI-2 Total expenses$171,329
XI-3 Revenue less expenses$149,432
XI-4 Net assets at start of year$163,665
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$313,097

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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