2026-09-03T14:37:11-05:00 2024-12-31 860841383 WALLACE PLESE DREHER LLP 500 N JUNIPER DRIVE SUITE 275 CHANDLER AZ 85226 990 2024-01-01 860286420 RAINBOW ACRES INC RAIN 9285675231 2120 W RESERVATION LOOP ROAD CAMP VERDE AZ 86322 PAUL HIGGINS PRESIDENT + CEO 9285675231 2026-09-03 1 0 NIKKI KURETICH P01223792 4803450500 2026-09-01 2024 X PAUL HIGGINS 2120 W RESERVATION LOOP ROAD CAMP VERDE AZ 86322 9250940 0 X WWW.RAINBOWACRES.ORG X 1973 AZ TO EMPOWER PERSONS WITH DEVELOPMENTAL DISABILITIES TO LIVE TO THEIR FULLEST POTENTIAL. 16 16 134 210 0 0 1996683 4389541 4797156 3803928 136374 239554 149446 107661 7079659 8540684 0 0 0 0 4542225 4914662 0 0 535495 3183423 2981827 7725648 7896489 -645989 644195 16558927 19994775 1522222 3477161 15036705 16517614 RAINBOW ACRES, A CHRISTIAN COMMUNITY WITH HEART, EMPOWERS PERSONS WITH DEVELOPMENTAL DISABILITIES TO LIVE TO THEIR FULLEST POTENTIAL WITH DIGNITY AND PURPOSE. 0 0 6106808 0 3803928 TO PROVIDE EXCEPTIONAL HOUSING, LIFE-ENRICHING PROGRAMS, AND LOVING, HOLISTIC CARE IN A SAFE, VIBRANT, INCLUSIVE RANCH-STYLE COMMUNITY THAT EMPOWERS PERSONS WITH DEVELOPMENTAL DISABILITIES TO ACHIEVE MENTAL, PHYSICAL, SOCIAL, SPIRITUAL, AND VOCATIONAL GROWTH TO THEIR FULLEST POTENTIAL. 6106808 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 13 0 1 134 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 0 0 CA FL GA HI IL MA MD MI MS NH NM NY OR PA RI SC TN VA WI WV X X X THE ORGANIZATION 9285675231 2120 W RESERVATION LOOP RD CAMP VERDE AZ 86322 KARLA DYE CHAIR 1.00 X X 0 0 0 KATHRYN M MIKESH HOUSER PAST CHAIR 1.00 X X 0 0 0 RAY HARTON VICE CHAIR 1.00 X X 0 0 0 LINDA ROOS SECRETARY 1.00 X X 0 0 0 MARY SHAFER-MALICKI TREASURER 1.00 X X 0 0 0 MARK BOWDEN TRUSTEE 1.00 X 0 0 0 VALORIE CHEEK TRUSTEE 1.00 X 0 0 0 ART ENDRES TRUSTEE 1.00 X 0 0 0 CECY GILBERT TRUSTEE 1.00 X 0 0 0 JOSHUA KOH TRUSTEE 1.00 X 0 0 0 MIKE KOWALSKI TRUSTEE 1.00 X 0 0 0 JOHN MACKLEM III TRUSTEE 1.00 X 0 0 0 JOHN D NAPOLITAN TRUSTEE 1.00 X 0 0 0 ANDY QUIENT TRUSTEE 1.00 X 0 0 0 MARK SHOWERS TRUSTEE 1.00 X 0 0 0 MICHAEL WARREN TRUSTEE 1.00 X 0 0 0 PAUL HIGGINES PRESIDENT & CEO 40.00 X 128231 0 11742 MICHAEL PROCHELO PRESIDENT & CEO (THRU 09/25) 40.00 X 151771 0 9663 280002 0 21405 2 0 1 0 0 33841 1196484 3159216 248063 4389541 RANCHER FEES 623000 3794088 3794088 RANCHER CRAFT SALES 459420 9840 9840 3803928 141852 141852 5823 5823 80585 0 80585 80585 80585 762071 11418 672912 2875 89159 8543 97702 97702 16400 33841 30507 -14107 -14107 4301 3962 339 339 INSURANCE CLAIM 23858 23858 MISCELLANEOUS REVENUE 11163 11163 35021 8540684 3803928 0 347215 301407 76425 148557 76425 3846617 3230117 357547 258953 62775 50830 7105 4840 390483 323653 38944 27886 313380 250704 37606 25070 2794 2794 6558 6558 21360 21360 5140 5140 205053 22380 178213 4460 32548 4882 27666 189263 73012 75649 40602 34328 13573 968 19787 520243 450010 59828 10405 57062 37427 1691 17944 12663 4982 7681 95564 95564 496103 429129 57052 9922 158104 133215 21035 3854 BAD DEBT EXPENSE 611079 404454 206625 PROGRAM SUPPLIES/EXPENS 479527 479527 VEHICLE MAINTENANCE 36788 36788 OTHER EXPENSES 17650 17650 7896489 6106808 1254186 535495 431915 493847 68162 11520 1521190 4285 123787 221000 27083 27068 32752 37061 19556451 8088538 10682304 11467913 4756724 5908828 308672 372661 26030 30900 16558927 19994775 473892 576873 258293 896000 2513402 152330 128593 1522222 3477161 X 10170309 11527747 4866396 4989867 15036705 16517614 16558927 19994775 X 644195 321183 515531 0 X 0 1 X 1 0 X 2354603 4329728 3064816 2502645 4182916 16434708 2354603 4329728 3064816 2502645 4182916 16434708 2463287 13971421 81385 96853 105752 197294 147675 628959 12100 57359 11163 80622 17144289 17237187 0.81490 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS REVENUE - 2022 AMOUNT: $ 12,100. 2023 AMOUNT: $ 57,359. 2024 AMOUNT: $ 11,163. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4784501 1108411 549012 500545 3435 5937944 4205803 575623 3076 4784501 5524847 20906 -1329417 6600 3933 4205803 4386969 701632 539267 98621 4400 5524847 3516969 533838 564198 225068 2968 4386969 0.36000 0.64000 0 0 711301 711301 16260707 6965465 9295242 952146 853472 98674 1632297 269601 1362696 11467913 RANCHER FEE DEPOSITS 112909 OTHER DEPOSITS 15684 128593 9154910 321183 272257 593440 8561470 5140 -25926 -20786 8540684 8056827 165478 165478 7891349 5140 5140 7896489 PART XI, LINE 2D - OTHER ADJUSTMENTS: NET REVENUE IMPACT OF CONSOLIDATION 272,257. PART XI, LINE 4B - OTHER ADJUSTMENTS: GAIN ON ASSET DISPOSITION 8,543. COST OF SALES -3,962. EVENT DIRECT EXPENSES -30,507. PART XII, LINE 2D - OTHER ADJUSTMENTS: NET EXPENSE IMPACT OF CONSOLIDATION 139,552. GAIN ON ASSET DISPOSITION -8,543. COST OF SALES 3,962. EVENT DIRECT EXPENSES 30,507. IMAGINE GALA 50241 33841 16400 30507 50241 33841 16400 30507 30507 -14107 X 0 0 0 0 0 0 0 0 0 MICHAEL PROCHELO PRESIDENT & CEO (THRU 09/25) 151771 0 0 0 0 0 500 0 9163 0 161434 0 0 0 X 4 232912 FMV X HOUSEHOLD ITEMS 19 15151 FMV 0 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B CHAIRS OF BOTH THE FINANCE COMMITTEE AND THE AUDIT COMMITTEE REVIEW AND APPROVE FILING OF THE 990 RETURN BEFORE IT IS SUBMITTED TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF TRUSTEES PERIODICALLY REVIEWS, EVALUATES, AND DOCUMENTS POTENTIAL CONFLICTS OF INTEREST AT QUARTERLY BOARD MEETINGS. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE REVIEWS COMPENSATION DATA FOR COMPARABLE ORGANIZATIONS AND RECOMMENDS CEO COMPENSATION AND BENEFITS TO THE ENTIRE BOARD OF TRUSTEES FOR APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST. FORM 990, PART XI, RECONCILIATION OF NET ASSETS, PRIOR PERIOD ADJUSTMENTS: A PRIOR PERIOD ADJUSTMENT WAS RECORDED TO RECOGNIZE $541,000 OF REVENUE FROM EMPLOYEE RETENTION CREDIT (ERC) CLAIMS THAT WERE FILED IN MAY 2023. UNDER ASC 958-605, NOT-FOR-PROFIT ENTITIES REVENUE RECOGNITION, ERC CLAIMS ARE CONSIDERED NONEXCHANGE TRANSACTIONS THAT ARE ACCOUNTED FOR AS CONDITIONAL CONTRIBUTIONS. MANAGEMENT DETERMINED THAT THE CONDITIONS FOR REVENUE RECOGNITION OF THE ERC CLAIM HAD BEEN SUBSTANTIALLY MET AT THE TIME THE CLAIM WAS FILED. THEREFORE, A RECEIVABLE AND RELATED INCOME SHOULD HAVE BEEN RECOGNIZED IN THE YEAR ENDING DECEMBER 31, 2023. IN ADDITION, MANAGEMENT DISCOVERED THAT $25,800 OF PROCEEDS RECEIVED IN ADVANCE OF THE IMAGINE GALA THAT WAS HELD IN APRIL 2024 WERE ACCIDENTALLY RECOGNIZED AS REVENUE AT THE TIME THE PROCEEDS WERE RECEIVED, RATHER THAN BEING PROPERLY DEFERRED UNTIL THE EVENT OCCURRED. NET ASSETS WERE RESTATED FOR BOTH OF THESE ITEMS. FORM 990, AMENDED RETURN EXPLANATION: THE ORGANIZATION IS FILING THIS AMENDED FORM 990 TO CORRECT MULTIPLE REPORTING ERRORS IDENTIFIED AFTER THE ORIGINAL FILING. CORRECTIONS WERE MADE TO CERTAIN FINANCIAL AMOUNTS, FUNCTIONAL EXPENSE REPORTING, DISCLOSURES, AND OTHER INFORMATIONAL RESPONSES. THIS AMENDED RETURN CORRECTS INFORMATION REPORTED IN PARTS VIII, IX, X, XI, AND XII AND SCHEDULES A, B, D, J, M, AND O. THE AMENDED RETURN SUPERSEDES THE ORIGINALLY FILED RETURN AND IS INTENDED TO PRESENT COMPLETE AND ACCURATE INFORMATION. SEDONA LAGO GARDENS 2756 W HIGHWAY 89A SUITE 1 SEDONA AZ 86336 863284184 PROGRAM SUPPORT AZ 501(C)(3) LINE 7 N/A 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 SEDONA LAGO GARDENS B 305800 CASH