Rainbow Research INC
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Rainbow Research INC is a community improvement nonprofit based in Bemidji, MN, formed in 1974. For fiscal year 2024 it reported $1.2M in revenue, $1.2M in expenses, and $22K in net assets.Pt I
Summary of the Filing
Where the work happens
Capacity Building
Rainbow Research, Inc. strengthened the internal capacity of nonprofit organizations and public agencies nationwide by developing customized evaluation frameworks, tools, and protocols tailored to each client's context and goals.
Research
Rainbow Research, Inc. conducted applied research and program evaluations for government agencies, foundations, and nonprofit organizations across the country. Using rigorous qualitative and quantitative methods, the organization assessed program performance, measured outcomes, and produced actionable findings to inform evidence-based…
Evaluation
Rainbow Research, Inc. designed and conducted evaluations for a diverse portfolio of clients, delivering findings that supported program improvement, accountability, and organizational learning.
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Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Samuel Grant’s $133K as Executive Director is at the 38th percentile of top reported officer pay among 2834 $1–10M community development 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 · 5 named individuals · Part VII
| Name | FY2024 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Samuel Grant | — | $132,802 | $132,680 | $124,000 | — | — |
| Samuel Grant | $132,599 | — | — | — | — | — |
| Mary McEathron | — | — | — | — | $110,812 | $110,812 |
| Joseph Morales | $104,650 | — | — | — | — | — |
| Rebecca Saito | — | — | — | — | $84,443 | — |
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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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 75% | — | — |
| Overhead ratio | 17% | — | — |
| Fundraising cost ratio | 40% | — | — |
| Revenue growth | 116% | — | — |
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
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Filings & Schedule Manifest
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Sources
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