Rainbow Research INC FY2024 filing

Tax-deductible

Minneapolis, MN501(c)(3)Since 1974Community DevelopmentEIN 41-1326460

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Rainbow Research, inc. is a transformative research, elaluation and capacity-building firm that works toward amplifying the voices of marginalized people and distrupting/dismantling oppressive systems and structures to contribute to a world in which all people have the freedom to thrive.

501(c)(3) charity; gifts are tax-deductible.
68¢ of each $1 spent went to programs.
$133K 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

FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average deficit $42K a year · 4% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
68%
of spending
Fine: 68% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$133K
to officers and key staff · 10% of spending
Looks good: pay to officers and key staff is 10% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.6 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $153K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$234K
181% of total assets
Concern: liabilities are 181% of assets; over 80%.
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
$554K
-68% vs prior year
Spent
$1.3M
To programs
68%
Net assets
−$105K
By yearFY2020–FY2024
Revenue
$554K
FY2024▼ -68%
Revenue by fiscal year
FY2020$859K
FY2021$881K
FY2022$978K
FY2023$1.7M
FY2024$554K
FY2024$1.2M
Expenses
$1.3M
FY2024▼ -8%
Expenses by fiscal year
FY2020$759K
FY2021$717K
FY2022$965K
FY2023$1.4M
FY2024$1.3M
FY2024$1.2M
Net assets
−$105K
FY2024▼ -115%
Net assets by fiscal year
FY2020$203K
FY2021$367K
FY2022$380K
FY2023$677K
FY2024−$105K
FY2024$22K

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 1979.

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

Where the money goes

68 cents of each dollar spent went to programs.

Program services 68% · $912K Management & general 27% · $363K Fundraising 5% · $61K

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

7 people listed on the 990; $133K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Pres & Exec Dir
$132,802Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Samuel Grant’s $133K as Executive Director is at the 37th percentile of top reported officer pay among 2832 $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

NameFY2024FY2024FY2023FY2022FY2021FY2020
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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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

Rainbow Research INC is a community improvement nonprofit based in Minneapolis, MN, formed in 1974.

Provided by the organization

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1 program service account for $912K of program spending, described in the organization's own filed words · FY2023.
01

Rainbow research provides research, evaluation and participatory learning support to state, county and municipal government agencies, foundations, non-profit organizations and public charities that: a) inform their practice and policies, b) improve their performance, andc) increase their impact in ways that benefit people and communities…

$912Kprogram 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 · funders on record
Grants received · FY2024
See all 5 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$554K
Ln 12
Fees for servicesLn 2g$549K
Investment incomeLn 3$4K
Gifts and grantsLn 1h$1K
Money outPt IX
$1.3M
Ln 25
Programscol B$912K
Managementcol C$363K
Fundraisingcol D$61K
Owns and owesPt X
−$105K
net assets · Ln 32
Cash and savingsLn 1–2$63K
Total assetsLn 16$129K
LiabilitiesLn 26$234K
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1K
Fees for servicesLn 2g$549K
Investment incomeLn 3$4K
Other incomeLn 4–11$65
Total revenueLn 12$554K
Assets in detailPt X, end of year
CashLn 1$28K
SavingsLn 2$35K
Cash and savings togetherLn 1–2$63K
Other assetsLn 15$10K
Total assetsLn 16$129K
LiabilitiesLn 26$234K
Net assetsLn 32−$105K
OperationsPt I, VI
EmployeesI 59
VolunteersI 66
Fiscal year endsHeaderJune
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 FY24End FY24
Cash and savingsLn 1–2$611K$63K
Total assetsLn 16$928K$129K
LiabilitiesLn 26$251K$234K
Net assetsLn 32$677K−$105K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$139K$102K$26K$11K
Other salaries and wagesLn 7$560K$413K$103K$44K
Other employee benefitsLn 9$55K$14K$40K$2K
Payroll taxesLn 10$50K$35K$11K$5K
Accounting feesLn 11c$65K$65K
Other fees for servicesLn 11g$342K$299K$44K
Office expensesLn 13$32K$16K$16K
OccupancyLn 16$16K$6K$10K
TravelLn 17$21K$15K$6K
InterestLn 20$4K$4K
InsuranceLn 23$9K$9K
Other expenses (24a–d)Ln 24$37K$13K$24K
All other expensesLn 24e$6K$6K
Total functional expensesLn 25$1.3M$912K$363K$61K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Viewing $554K$1.3M−$782K−$105K 990 PDF
FY2023 $1.7M$1.4M$297K$677K 990 PDF
FY2022 $978K$965K$13K$380K 990 PDF
FY2021 $881K$717K$164K$367K 990 PDF
FY2020 $859K$759K$100K$203K 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $553,993 across 6 lines filed
VIII-1f All other contributions, gifts and grants$1,450
VIII-1h Total contributions, gifts and grants$1,450
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $548,628$548,628
VIII-3 Investment incomeExcluded from tax $3,850$3,850
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $65$65
VIII-12 Total revenueRelated to mission $548,693 · Unrelated business $0 · Excluded from tax $3,850$553,993
Part IX · Statement of functional expenses $1,336,274 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $102,470 · Management $25,581 · Fundraising $10,986$139,037
IX-7 Other salaries and wagesPrograms $412,591 · Management $103,001 · Fundraising $44,234$559,826
IX-9 Other employee benefitsPrograms $13,550 · Management $39,560 · Fundraising $1,500$54,610
IX-10 Payroll taxesPrograms $34,668 · Management $10,865 · Fundraising $4,560$50,093
IX-11c Accounting feesManagement $64,699$64,699
IX-11g Other fees for servicesPrograms $298,644 · Management $43,682$342,326
IX-13 Office expensesPrograms $16,038 · Management $16,085$32,123
IX-16 OccupancyPrograms $5,940 · Management $10,151$16,091
IX-17 TravelPrograms $14,837 · Management $5,890$20,727
IX-20 InterestManagement $4,171$4,171
IX-23 InsuranceManagement $9,401$9,401
IX-24 Other expenses (24a–d)Programs $13,329 · Management $24,142$37,471
IX-24e All other expensesManagement $5,699$5,699
IX-25 Total functional expensesPrograms $912,067 · Management $362,927 · Fundraising $61,280$1,336,274
Part X · Balance sheet $128,752 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $317,239$28,287
X-2 Savings and temporary cash investmentsStart of year $294,153$35,027
X-4 Accounts receivableStart of year $300,240$55,302
X-15 Other assetsStart of year $16,614$10,136
X-16 Total assetsStart of year $928,246$128,752
X-17 Accounts payable and accrued expensesStart of year $134,162$119,928
X-26 Total liabilitiesStart of year $250,848$233,635
X-27 Net assets without donor restrictionsStart of year $677,398−$104,883
X-32 Total net assets or fund balancesStart of year $677,398−$104,883
X-33 Total liabilities and net assetsStart of year $928,246$128,752
Part XI · Reconciliation of net assets −$104,883 net assets at year end
XI-1 Total revenue$553,993
XI-2 Total expenses$1,336,274
XI-3 Revenue less expenses−$782,281
XI-4 Net assets at start of year$677,398
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$104,883

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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