Rainbow Horizons INC: FY2020 Nonprofit Profile & Form 990 (EIN 95-4389218)

Revenue by fiscal year
FY2020	$246K
FY2021	$248K
FY2022	$281K
FY2023	$311K
FY2024	$301K
FY2025	$334K

Expenses by fiscal year
FY2020	$268K
FY2021	$274K
FY2022	$268K
FY2023	$300K
FY2024	$315K
FY2025	$353K

Net assets by fiscal year
FY2020	−$861K
FY2021	−$887K
FY2022	−$874K
FY2023	−$863K
FY2024	−$877K
FY2025	−$897K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1993.

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

Where the money goes

88 cents of each dollar spent went to programs.

88%

12%

Program services 88% · $235K Management & general 12% · $33K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII

Susan Stearns

Board President

$0Pt VII · Sec A

Stuart Steinberg

Board Vice President

$0Pt VII · Sec A

Lawrence Diamond

Board Secretary/Treasurer

$0Pt VII · Sec A

See Rainbow Horizons INC 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 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers housing and support for low-income adults with developmental disabilities.

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Provided by the organization

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1 program · $235K · in their own filed words · FY2019

01

Rainbow horizons provides residential services for 12 developmentally-disabled low-income consumers

$235Kprogram expense

By the numbers

The FY2020 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$246K

Ln 12

Gifts and grantsLn 1h$184K

Fees for servicesLn 2g$59K

Other incomeLn 4–11$3K

Money outPt IX

$268K

Ln 25

Programscol B$235K

Managementcol C$33K

Owns and owesPt X

−$861K

net assets · Ln 32

Cash and savingsLn 1–2$500

Total assetsLn 16$723K

LiabilitiesLn 26$1.6M

PeoplePt VI, VII

3

listed · VII A

PaidVII A0

Voting boardVI 1a3

IndependentVI 1b3

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$184K

Government grantsLn 1e$184K

Fees for servicesLn 2g$59K

Investment incomeLn 3$9

Other incomeLn 4–11$3K

Total revenueLn 12$246K

Assets in detailPt X, end of year

CashLn 1$500

Cash and savings togetherLn 1–2$500

Land, buildings, equipmentLn 10c$663K

Other assetsLn 15$49K

Total assetsLn 16$723K

LiabilitiesLn 26$1.6M

Net assetsLn 32−$861K

OperationsPt I, VI

EmployeesI 50

VolunteersI 65

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 FY20	End FY20
Cash and savingsLn 1–2	$50K	$500
Land, buildings, equipmentLn 10c	$683K	$663K
Total assetsLn 16	$805K	$723K
LiabilitiesLn 26	$1.6M	$1.6M
Net assetsLn 32	−$839K	−$861K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$117K	$117K
Other employee benefitsLn 9	$6K	$6K
Payroll taxesLn 10	$9K	$9K
Management feesLn 11a	$22K		$22K
Accounting feesLn 11c	$11K		$11K
Other fees for servicesLn 11g	$5K	$5K
Office expensesLn 13	$5K	$5K
Conferences, conventions and meetingsLn 19	$383	$383
InterestLn 20	$15K	$15K
Depreciation, depletion and amortizationLn 22	$28K	$28K
InsuranceLn 23	$3K	$3K
Other expenses (24a–d)Ln 24	$47K	$47K
All other expensesLn 24e	$680	$680
Total functional expensesLn 25	$268K	$235K	$33K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$334K	$353K	−$20K	−$897K	990 PDF
FY2024	$301K	$315K	−$14K	−$877K	990 PDF
FY2023	$311K	$300K	$11K	−$863K	990 PDF
FY2022	$281K	$268K	$13K	−$874K	990 PDF
FY2021	$248K	$274K	−$25K	−$887K	990 PDF
FY2020 Viewing	$246K	$268K	−$22K	−$861K	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 O · Explanations

See the full FY2020 990 (6 parts)

Part I · Summary $246,136 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $156,082$184,208

I-9 Program service revenuePrior year $56,510$59,279

I-10 Investment incomePrior year $8$9

I-11 Other revenuePrior year $0$2,640

I-12 Total revenuePrior year $212,600$246,136

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 $116,540$131,535

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

I-17 Other expensesPrior year $118,636$136,748

I-18 Total expensesPrior year $235,176$268,283

I-19 Revenue less expensesPrior year −$22,576−$22,147

Part VI · Governance 3 of 3 board members independent, 1 to look at

VI-1a Voting members of the governing body3

VI-1b Independent voting members3

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

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $246,136 across 6 lines filed

VIII-1e Government grants$184,208

VIII-1h Total contributions, gifts and grants$184,208

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $59,279$59,279

VIII-3 Investment incomeExcluded from tax $9$9

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $2,640$2,640

VIII-12 Total revenueRelated to mission $59,279 · Unrelated business $0 · Excluded from tax $2,649$246,136

Part IX · Statement of functional expenses $268,283 across 13 lines filed

IX-7 Other salaries and wagesPrograms $116,570$116,570

IX-9 Other employee benefitsPrograms $5,897$5,897

IX-10 Payroll taxesPrograms $9,068$9,068

IX-11a Management feesManagement $22,046$22,046

IX-11c Accounting feesManagement $10,793$10,793

IX-11g Other fees for servicesPrograms $5,308$5,308

IX-13 Office expensesPrograms $4,577$4,577

IX-19 Conferences, conventions and meetingsPrograms $383$383

IX-20 InterestPrograms $15,487$15,487

IX-22 Depreciation, depletion and amortizationPrograms $27,866$27,866

IX-23 InsurancePrograms $2,553$2,553

IX-24 Other expenses (24a–d)Programs $47,055$47,055

IX-24e All other expensesPrograms $680$680

IX-25 Total functional expensesPrograms $235,444 · Management $32,839 · Fundraising $0$268,283

Part X · Balance sheet $722,579 assets, 11 lines filed

X-1 Cash, non-interest-bearingStart of year $49,878$500

X-4 Accounts receivableStart of year $33,320$9,908

X-10c Land, buildings and equipment, netStart of year $683,327$662,941

X-15 Other assetsStart of year $38,696$49,230

X-16 Total assetsStart of year $805,221$722,579

X-17 Accounts payable and accrued expensesStart of year $83,716$7,848

X-25 Other liabilitiesStart of year $101,306$101,192

X-26 Total liabilitiesStart of year $1,644,204$1,583,709

X-27 Net assets without donor restrictionsStart of year −$838,983−$861,130

X-32 Total net assets or fund balancesStart of year −$838,983−$861,130

X-33 Total liabilities and net assetsStart of year $805,221$722,579

Part XI · Reconciliation of net assets −$861,130 net assets at year end

XI-1 Total revenue$246,136

XI-2 Total expenses$268,283

XI-3 Revenue less expenses−$22,147

XI-4 Net assets at start of year−$838,983

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year−$861,130

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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Rainbow Horizons INC FY2020 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 Horizons INC

By the numbers

Filing history

Schedules filed Part IV