Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1997.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
91 cents of each dollar spent went to programs.
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
10 people listed on the 990; $92K paid to officers and key staff.
Megan Herrera’s $95K as President is at the 19th percentile of top reported officer pay among 3128 $1–10M health care 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
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Megan Herrera | $95,000 | $95,000 | $97,775 | $91,577 | $82,308 |
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
Provides healthcare, education, and housing to impoverished Nicaraguans in remote areas.
Questions for The Rainbow Network INC
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The organization builds simple concrete homes with a secure wood or metal door and a cement floor to prevent parasites. These houses are built 25 at a time and provided to recipient families for the cost of building supplies financed with no interest over a 10-25 year period.
The organization provides education for primary and secondary students in private homes or community buildings that also serve as schoolhouses. More than 13,000 children received reinforement classes in core subjects and nearly 1200 students received a high school education.
Professional healthcare does not exist in most of the communities where the organization operates. The organization's goal is to provide at least basic medical services needed to relieve pain and suffering, plus keep the population healthy and free of treatable diseases.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2021 990, line by line.
Download 990
| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $722K | $1.2M |
| InvestmentsLn 11–13 | $217K | $237K |
| Land, buildings, equipmentLn 10c | $130K | $44K |
| Total assetsLn 16 | $2.3M | $2.9M |
| LiabilitiesLn 26 | $103K | $90K |
| Net assetsLn 32 | $2.2M | $2.8M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Other salaries and wagesLn 7 | $503K | $457K | $19K | $28K |
| Other employee benefitsLn 9 | $3K | $2K | $97 | $145 |
| Payroll taxesLn 10 | $103K | $93K | $4K | $6K |
| Legal feesLn 11b | $94K | $75K | $770 | $18K |
| Advertising and promotionLn 12 | $3K | $3K | ||
| Office expensesLn 13 | $75K | $54K | $7K | $14K |
| OccupancyLn 16 | $76K | $55K | $7K | $14K |
| TravelLn 17 | $137K | $133K | $2K | $2K |
| Conferences, conventions and meetingsLn 19 | $500 | $500 | ||
| Depreciation, depletion and amortizationLn 22 | $23K | $22K | $406 | |
| InsuranceLn 23 | $2K | $2K | $198 | $426 |
| Other expenses (24a–d)Ln 24 | $305K | $305K | ||
| All other expensesLn 24e | $156K | $150K | $6K | |
| Total functional expensesLn 25 | $1.5M | $1.3M | $45K | $86K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $1.6M | $2.2M | −$605K | $2.8M | 990 PDF |
| FY2023 | $2.3M | $1.9M | $357K | $3.4M | 990 PDF |
| FY2022 | $2.3M | $2.0M | $267K | $3.0M | 990 PDF |
| FY2021 Viewing | $2.2M | $1.5M | $677K | $2.8M | 990 PDF |
| FY2020 | $1.9M | $1.3M | $571K | $2.2M | 990 PDF |
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Schedules filed Part IV
See the full FY2021 990 (6 parts)
Part I · Summary $2,156,827 revenue, 12 lines filed
Part VI · Governance 10 of 10 board members independent, no flags
Part VIII · Statement of revenue $2,156,827 across 6 lines filed
Part IX · Statement of functional expenses $1,480,140 across 13 lines filed
Part X · Balance sheet $2,867,745 assets, 15 lines filed
Part XI · Reconciliation of net assets $2,777,848 net assets at year end
Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File
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