Rainbow Dreams Educational Foundation: FY2023 Nonprofit Profile & Form 990 (EIN 88-0430382)

Revenue by fiscal year
FY2020	$50K
FY2021	$86K
FY2022	$193K
FY2023	$132K
FY2024	$212K

Expenses by fiscal year
FY2020	$57K
FY2021	$198K
FY2022	$294K
FY2023	$217K
FY2024	$229K

Net assets by fiscal year
FY2020	$565K
FY2021	$505K
FY2022	$453K
FY2023	$366K
FY2024	$379K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2000.

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

Where the money goes

67 cents of each dollar spent went to programs.

67%

27%

Program services 67% · $145K Management & general 6% · $13K Fundraising 27% · $59K

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.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII

Dr Christine Clark

Board Member

$0Pt VII · Sec A

Hannah Brown

Board Member

$0Pt VII · Sec A

Marie Ray Scott

Board Member

$0Pt VII · Sec A

David Pulliam

Board Member

$0Pt VII · Sec A

Cindy Braden

Secretary

$0Pt VII · Sec A

Stacy Parker

Treasurer

$0Pt VII · Sec A

Dr Debra Toney

President

$0Pt VII · Sec A

See Rainbow Dreams Educational Foundation 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

Strengthens underserved communities with educational and cultural programs.

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3 programs · $145K · in their own filed words · FY2022

01

Rainbow Dreams Academy Charter School is a primary provider of early childhood education, family engagement, and professional development programming and support services in Clark County, Nevada.

$55Kprogram expense

02

Las Vegas Juneteenth Festival

For the past two decades Rainbow Dreams Educational Foundation, with the support of various corporate sponsors and community partners, has presented the Las Vegas Juneteenth Festival; an annual celebration commemorating the National Juneteenth holiday.

$46Kprogram expense

03

Rainbow Dreams Scholarship Program

The Rainbow Dreams Scholarship program provides financial assistance to deserving high school graduates who are planning to pursue a college degree. Every year Rainbow Dreams Educational Foundation awards six monetary scholarships of varying amounts to selectees to assist them with meeting the financial demands associated with attending…

$44Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid

Grants received · FY2024

NV Energy Charitable FoundationFY2024$5K

Total grants receivedfrom 1 funder$5K

Grants paid · 2 grants · $64K · 2021–2022

The Hbcu Promise INCGA · FY2022$38,918

Rainbow Dreams AcademyFY2021$25,000

By the numbers

The FY2023 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$132K

Ln 12

Gifts and grantsLn 1h$121K

Investment incomeLn 3$11K

Money outPt IX

$217K

Ln 25

Programscol B$145K

Managementcol C$13K

Fundraisingcol D$59K

Owns and owesPt X

$366K

net assets · Ln 32

Cash and savingsLn 1–2$26K

Total assetsLn 16$427K

LiabilitiesLn 26$60K

PeoplePt VI, VII

7

listed · VII A

PaidVII A0

Voting boardVI 1a7

IndependentVI 1b7

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$121K

Government grantsLn 1e$0

Noncash giftsLn 1g$35K

Fundraising eventsLn 1c$0

Investment incomeLn 3$11K

Total revenueLn 12$132K

Assets in detailPt X, end of year

CashLn 1$26K

SavingsLn 2$0

Cash and savings togetherLn 1–2$26K

Total assetsLn 16$427K

LiabilitiesLn 26$60K

Net assetsLn 32$366K

OperationsPt I, VI

EmployeesI 50

VolunteersI 650

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

Line	Start FY23	End FY23
Cash and savingsLn 1–2	$27K	$26K
Total assetsLn 16	$455K	$427K
LiabilitiesLn 26	$3K	$60K
Net assetsLn 32	$451K	$366K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Pay of current officers, directors and key staffLn 5	$85K	$26K	$8K	$51K
Other fees for servicesLn 11g	$29K	$21K	$106	$8K
Office expensesLn 13	$2K	$299	$1K	$659
InsuranceLn 23	$703	$0	$703	$0
Other expenses (24a–d)Ln 24	$1K	$0	$1K	$0
All other expensesLn 24e	$99K	$98K	$1K	$0
Total functional expensesLn 25	$217K	$145K	$13K	$59K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest	$212K	$229K	−$16K	$379K	990 PDF
FY2023 Viewing	$132K	$217K	−$85K	$366K	990 PDF
FY2022	$193K	$294K	−$102K	$453K	990 PDF
FY2021	$86K	$198K	−$112K	$505K	990 PDF
FY2020	$50K	$57K	−$7K	$565K	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 M · Noncash O · Explanations

See the full FY2023 990 (6 parts)

Part I · Summary $132,055 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $179,401$121,136

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $13,403$10,919

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $192,804$132,055

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $85,000$85,000

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $209,337$132,041

I-18 Total expensesPrior year $294,337$217,041

I-19 Revenue less expensesPrior year −$101,533−$84,986

Part VI · Governance 7 of 7 board members independent, 2 to look at

VI-1a Voting members of the governing body7

VI-1b Independent voting members7

VI-2 Family or business relationship among officers or directorsYes

VI-15a Process for setting top official's payNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $132,055 across 12 lines filed

VIII-1a Federated campaigns$0

VIII-1b Membership dues$0

VIII-1c Fundraising events$0

VIII-1d Related organizations$0

VIII-1e Government grants$0

VIII-1f All other contributions, gifts and grants$6,912

VIII-1g Noncash contributions (included above)$35,000

VIII-1h Total contributions, gifts and grants$121,136

VIII-3 Investment incomeRelated to mission $10,919 · Unrelated business $0 · Excluded from tax $0$10,919

VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0

VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0

VIII-12 Total revenueRelated to mission $10,919 · Unrelated business $0 · Excluded from tax $0$132,055

Part IX · Statement of functional expenses $217,041 across 6 lines filed

IX-5 Pay of current officers, directors and key staffPrograms $25,500 · Management $8,500 · Fundraising $51,000$85,000

IX-11g Other fees for servicesPrograms $21,125 · Management $106 · Fundraising $7,625$28,856

IX-13 Office expensesPrograms $299 · Management $1,082 · Fundraising $659$2,040

IX-23 InsurancePrograms $0 · Management $703 · Fundraising $0$703

IX-24 Other expenses (24a–d)Programs $0 · Management $1,452 · Fundraising $0$1,452

IX-24e All other expensesPrograms $97,790 · Management $1,200 · Fundraising $0$98,990

IX-25 Total functional expensesPrograms $144,714 · Management $13,043 · Fundraising $59,284$217,041

Part X · Balance sheet $426,595 assets, 11 lines filed

Asset lines not itemized here account for $390,760; see the IRS return.

X-1 Cash, non-interest-bearingStart of year $26,750$26,483

X-2 Savings and temporary cash investmentsStart of year $0$0

X-3 Pledges and grants receivableStart of year $0$7,819

X-9 Prepaid expenses and deferred chargesStart of year $144$1,533

X-16 Total assetsStart of year $454,625$426,595

X-17 Accounts payable and accrued expensesStart of year $3,308$60,264

X-26 Total liabilitiesStart of year $3,308$60,264

X-27 Net assets without donor restrictionsStart of year $451,317$366,331

X-28 Net assets with donor restrictionsStart of year $0$0

X-32 Total net assets or fund balancesStart of year $451,317$366,331

X-33 Total liabilities and net assetsStart of year $454,625$426,595

Part XI · Reconciliation of net assets $366,331 net assets at year end

XI-1 Total revenue$132,055

XI-2 Total expenses$217,041

XI-3 Revenue less expenses−$84,986

XI-4 Net assets at start of year$451,317

XI-5 Net unrealized gains (losses) on investments$0

XI-6 Donated services and use of facilities$0

XI-7 Investment expenses$0

XI-8 Prior period adjustments$0

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$366,331

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

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Rainbow Dreams Educational Foundation FY2023 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Rainbow Dreams Educational Foundation

Las Vegas Juneteenth Festival

Rainbow Dreams Scholarship Program

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV