Rainbow Express Ministries

Tax-deductible

Charlotte, NC501(c)(3)ReligionEIN 47-1694334

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Our purpose is to equip and nurture a community so that it reflects the involvement, gifts, and value of young adults with and without disabilities, by providing opportunities for belonging and education.

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
Run by 200 volunteers and 4 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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 surplus $210K a year · 40% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
32 mo
of spending, in cash
Looks good: 32.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $40K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$531K
+37% vs prior year
Spent
$399K
To programs
81%
Net assets
$2.7M
By yearFY2020–FY2024
Revenue
$531K
FY2024▲ +37%
Revenue by fiscal year
FY2020$318K
FY2021$1.0M
FY2022$356K
FY2023$388K
FY2024$531K
Expenses
$399K
FY2024▲ +0.8%
Expenses by fiscal year
FY2020$205K
FY2021$231K
FY2022$331K
FY2023$396K
FY2024$399K
Net assets
$2.7M
FY2024▲ +5%
Net assets by fiscal year
FY2020$1.8M
FY2021$2.6M
FY2022$2.6M
FY2023$2.6M
FY2024$2.7M

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 2015.

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

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $324K Management & general 15% · $61K Fundraising 3% · $14K

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.

Part VII, Section A · reportable compensation
Exec Director
$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
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Rainbow Express Ministries 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Empowering young adults with and without disabilities through education and belonging.

Provided by the organization

This section is blank until Rainbow Express Ministries claims this page.

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2 program services account for $324K of program spending, described in the organization's own filed words · FY2024.
01

Young Adult Weekly Program

Members typically meet 3 times/week for various activities such as community service, bible study, seminars, fellowship and retreats. This program also includes 77.44% of employee payroll expenses.

$309Kprogram expense
02

Summer Camp

Week long day camp which hosts 100+ children and young adults with special needs engaging in multiple activities including music, arts / crafts, recreation, devitionals and filed trips.

$15Kprogram 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
Total grants receivedfrom 4 funders$40K
See all 4 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$531K
Ln 12
Gifts and grantsLn 1h$454K
Fees for servicesLn 2g$77K
Money outPt IX
$399K
Ln 25
Programscol B$324K
Managementcol C$61K
Fundraisingcol D$14K
Owns and owesPt X
$2.7M
net assets · Ln 32
Cash and savingsLn 1–2$1.1M
Total assetsLn 16$2.7M
LiabilitiesLn 26$0
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$454K
Noncash giftsLn 1g$25K
Fundraising eventsLn 1c$161K
Fees for servicesLn 2g$77K
Total revenueLn 12$531K
Assets in detailPt X, end of year
CashLn 1$1.1M
Cash and savings togetherLn 1–2$1.1M
Land, buildings, equipmentLn 10c$1.7M
Total assetsLn 16$2.7M
LiabilitiesLn 26$0
Net assetsLn 32$2.7M
OperationsPt I, VI
EmployeesI 54
VolunteersI 6200
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$882K$1.1M
Land, buildings, equipmentLn 10c$1.7M$1.7M
Total assetsLn 16$2.6M$2.7M
LiabilitiesLn 26$3K$0
Net assetsLn 32$2.6M$2.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$210K$179K$21K$11K
Payroll taxesLn 10$16K$13K$2K$792
Office expensesLn 13$17K$0$15K$3K
OccupancyLn 16$12K$11K$1K$0
TravelLn 17$5K$5K$0$0
Depreciation, depletion and amortizationLn 22$69K$62K$7K$0
InsuranceLn 23$14K$0$14K$0
Other expenses (24a–d)Ln 24$55K$53K$2K$0
Total functional expensesLn 25$399K$324K$61K$14K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $531K$399K$132K$2.7M 990 PDF
FY2023 $388K$396K−$7K$2.6M 990 PDF
FY2022 $356K$331K$24K$2.6M 990 PDF
FY2021 $1.0M$231K$790K$2.6M 990 PDF
FY2020 $318K$205K$112K$1.8M 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 $530,900 across 6 lines filed
VIII-1c Fundraising events$161,433
VIII-1f All other contributions, gifts and grants$292,656
VIII-1g Noncash contributions (included above)$24,839
VIII-1h Total contributions, gifts and grants$454,089
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$76,811
VIII-12 Total revenueRelated to mission $76,811 · Unrelated business $0 · Excluded from tax $0$530,900
Part IX · Statement of functional expenses $398,820 across 8 lines filed
IX-7 Other salaries and wagesPrograms $178,814 · Management $21,037 · Fundraising $10,518$210,369
IX-10 Payroll taxesPrograms $13,459 · Management $1,583 · Fundraising $792$15,834
IX-13 Office expensesPrograms $0 · Management $14,749 · Fundraising $2,603$17,352
IX-16 OccupancyPrograms $10,926 · Management $1,214 · Fundraising $0$12,140
IX-17 TravelPrograms $5,356 · Management $0 · Fundraising $0$5,356
IX-22 Depreciation, depletion and amortizationPrograms $62,436 · Management $6,938 · Fundraising $0$69,374
IX-23 InsurancePrograms $0 · Management $13,543 · Fundraising $0$13,543
IX-24 Other expenses (24a–d)Programs $52,520 · Management $2,332 · Fundraising $0$54,852
IX-25 Total functional expensesPrograms $323,511 · Management $61,396 · Fundraising $13,913$398,820
Part X · Balance sheet $2,746,932 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $881,948$1,067,422
X-9 Prepaid expenses and deferred chargesStart of year $5,383$7,217
X-10c Land, buildings and equipment, netStart of year $1,730,667$1,672,293
X-16 Total assetsStart of year $2,617,998$2,746,932
X-26 Total liabilitiesStart of year $3,112$0
X-27 Net assets without donor restrictionsStart of year $2,614,886$2,746,932
X-32 Total net assets or fund balancesStart of year $2,614,886$2,746,932
X-33 Total liabilities and net assetsStart of year $2,617,998$2,746,932
Part XI · Reconciliation of net assets $2,746,932 net assets at year end
XI-1 Total revenue$530,900
XI-2 Total expenses$398,820
XI-3 Revenue less expenses$132,080
XI-4 Net assets at start of year$2,614,886
XI-8 Prior period adjustments−$34
XI-10 Net assets at end of year$2,746,932

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

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