2026-02-27T11:00:54-08:00 2025-06-30 202571677 CORLISS & SOLOMON PLLC 242 CHARLOTTE ST SUITE 1 ASHEVILLE NC 28801 990 2024-07-01 561217861 Rainbow Community School RAIN 8282589264 574 Haywood Road Asheville NC 28806 Susie Fahrer Executive Director 8282589264 2026-02-27 true true Todd Oldenburg P02281691 8282360206 2026-02-27 2024 2025-03-06 01:10:19Z Susie Fahrer 574 Haywood Road Asheville NC 28806 3978709 false X www.rainbowcommunityschool.org X 1977 NC We develop accomplished, confident, and creative learners who are prepared to be compassionate leaders in building a socially just, spiritually connected, and environmentally sustainable world. 7 7 62 40 -5022 0 214130 768509 2929249 2996309 41672 98747 57150 79584 3242201 3943149 593591 0 2383697 2479360 0 39313 742093 741167 3125790 3814118 116411 129031 4987179 5197675 1840779 1924075 3146400 3273600 We develop accomplished, confident, and creative learners who are prepared to be compassionate leaders in building a socially just, spiritually connected, and environmentally sustainable world. false false 2966597 593591 2996309 Rainbow Community School operated a pre-school, elementary school, middle school, before/after school, and summer programs for approximately 215 students. 2966597 true true false false false false false false false true true false false true true false false false true false false false false false true false false false true false false false false false false false false false false false false false false false false false false false 24 0 62 true true true false false false false false false false false false X 7 7 false false false false false false false true true false false true true true true false false true false false NC X Shasta Morgan 8282589264 614 W G St Elizabethton TN 37643 Susan Fahrer Executive Director 40.00 X 88900 0 5639 Kali DeWine Chair 6.00 X X 0 0 0 Dusty McKeelan Vice-Chair 4.00 X X 0 0 0 Sevn McAuley Treasurer 6.00 X X 0 0 0 Ruth Bhakta Secretary 3.00 X X 0 0 0 Melissa Scott Member 3.00 X 0 0 0 Amy Mitchell Member 4.00 X 0 0 0 Pamela Goodrum Member 3.00 X 0 0 0 88900 0 5639 false false false 654949 113560 768509 Tution and Fees 611110 2636489 0 0 Additional School Programs 611110 359820 0 0 2996309 86319 0 86319 47105 18622 28483 28483 -5022 33505 12428 12428 12428 0 0 12428 30092 16938 13154 0 13154 Insurance Proceeds 611110 36680 0 0 36680 Other Income 999999 1267 0 0 1267 37947 3943149 2996309 -5022 183353 593591 593591 92238 0 88548 3690 2188681 1669704 504409 14568 23221 20047 3048 126 175220 135713 35044 4463 5897 0 5897 0 4574 0 4574 0 1306 0 1306 0 117536 100436 17100 0 11674 0 11090 584 61632 31095 29280 1257 53221 39916 10644 2661 74266 54058 15676 4532 94106 70579 18821 4706 84984 84984 0 0 33542 6478 27064 0 Teaching Supplies 42544 42544 0 0 Student Activities 97171 97171 0 0 Professional Development 16181 13756 2425 0 Strategic Planning 17300 0 17300 0 25233 6525 15982 2726 3814118 2966597 808208 39313 462170 898248 1561293 1315437 20310 45521 6318 9634 4110475 1411357 2747004 2699118 190084 229717 4987179 5197675 30254 41915 387535 442385 1385317 1362787 37673 76988 1840779 1924075 X 3146400 3270422 3178 3146400 3273600 4987179 5197675 129031 -1831 X true X false true false X 0 0 0 0 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 139814 0 14221 1306 152729 126076 4116 10816 1194 139814 116834 10335 1093 126076 136728 -18697 1197 116834 110286 27603 1161 136728 0.82000 0.18000 false false 0 869192 869192 3038522 1251988 1786534 156998 120341 36657 45763 39028 6735 2699118 Right of Use Asset 76988 Endowment 152729 229717 Lease Liability 76988 76988 X Pt X, Line 2 Rainbow Community School is exempt from federal income taxes under 501(c)(3) of the Internal Revenue Code. Under the Code, however, income from certain activities not related to the organizations tax-exempt purpose may be subject to taxation as unrelated business income. The organization had income from unrelated business activities in 2025 and was, therefore, required to file Federal Form 990-T (Exempt Organization Business Income Tax Return). The organization believes that it has appropriate support for all tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements. true true true true true true true false false false false false false false false true false true Line 6b The Rainbow School receives funds from the North Carolina Opportunity Scholarship program to help pay tuition for qualifying families. Funds also come from the North Carolina Department of Health and Human Services as well as Buncombe County to assist with program expenses. Pizza Event 17476 0 17476 12326 Other Events 12616 0 12616 84 4528 30092 0 30092 84 16854 16938 13154 true Tuition 205 593591 FMV Tuition Assistance Pt I Line 2 A limited amount of tuition assistance is available for families with demonstrated need who would not otherwise be able to send to their child to RCS. Tuition assistance applications are done through TADS. Pt VI, Line 11b The 990 is prepared by a CPA firm, reviewed by management, presented to the Board for review, proposed revisions and final approval. Pt VI, Line 12c Enforced as necessary. Any Board member with a conflict of interest on any specific issue informs the Board and abstains from voting on the issue. Pt VI, Line 18 The form 1023 is available upon request and the Forms 990 are available upon request and on the websites of many charity watchdog organizations. Pt VI, Line 19 Governing documents are available upon request. Pt VI, Line 15a The Board of Directors set the Executive Directors salary after a check of comparable salary information for similar orgnizations with similar budgets.