Nonprofit · EIN 03-0398541
RAINBOW LEARNING CENTER INC
Tax-exempt · NEW ALBANY, MS 38652
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $668,564 | $718,709 | -$50,145 | $437,745 | $27,334 | $410,411 |
| December 31, 2023 | 990 | $692,454 | $826,191 | -$133,737 | $460,556 | $0 | $460,556 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $120,883
- of which government grants
- $120,883
- Program service revenue
- $543,036
- Investment income
- $4,645
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $30,000
- Other salaries and wages
- $327,106
- Salaries, compensation and benefits (total)
- $387,393
- Professional fundraising fees
- $0
- Accounting fees
- $5,715
- Occupancy
- $50,461
- Depreciation
- $41,770
- Program services (functional)
- $680,263
- Management and general (functional)
- $38,446
Balance sheet and other
- Total assets, start of year
- $460,556
- Total assets, end of year
- $437,745
- Total liabilities, end of year
- $27,334
- Net assets, end of year
- $410,411
- Land, buildings and equipment
- $288,971
- Gross receipts
- $668,564
- Employees
- 35
- Year formed
- 2003
- State of legal domicile
- MS
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MINERVA GRAHAM | Executive Direc Trustee or director, Officer | 40 | $30,000 |
| CODY GRAHAM | Secretary Officer | 0 | $0 |
| TIFFANY GRAHAM | MEMBER Officer | 0 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MINERVA GRAHAM | Executive Direc Trustee or director, Officer | 40 | $31,700 |
| BERNICE BAILEY | Secretary Officer | 0 | $0 |
| DIANNE HURD | MEMBER Officer | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 706 S CENTRAL AVE, NEW ALBANY, MS 38652-3707
- In care of
- % MINERVA B GRAHAM
- Signed the 990
- MINERVA GRAHAM, Executive Direc
- Phone
- (662) 538-4100
- Return prepared by
- Hutchinson & Greenberg PC
Mission
THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO PROVIDE QUALITY CHILD CARE AND MEALS TO ALL CHILDREN AND QUALIFYING DISADVANTAGED CHILDREN UNDER THE MISSISSIPPI DEPARTMENT OF EDUCATION'S USDA CHILD AND ADULT CARE FOOD PROGRAM (CACFP), A SPECIAL NUTRITION FOOD PROGRAM. RAINBOW LEARNING CENTER OFFERS HIGH QUALITY CARE IN A HOME-LIKE AND PROFESSIONAL ENVIRONMENT.
Program accomplishments
- THE ORGANIZATION PROVIDED QUALITY CHILD CARE AND MEALS TO APPROXIMATELY 60 PLUS CHILDREN TO ALLOW THEIR PARENTS TO BE GAIN-FULLY EMPLOYED. THE CENTER IS OPEN 5 DAYS PER WEEK, FROM 6:00 A.M. TO 6:00 P.M. THE ORGANIZATION'S OBJECTIVE IS TO OFFER FLEXIBLE AND HIGH QUALITY CHILD CARE TO FAMILIES WHO NEED CARE FOR THEIR CHILDREN AND TO PROVIDE ALL CHILDREN INCLUDING UNDERPRIVILEGED CHILDREN WITH A LOVING, & CARING ENVIRONMENT THAT IS EDUCATIONAL, SAFE, AND FUN, WITH NUTRITIOUS MEALS BEING SERVED TO THEM THROUGH THE USDA FOOD PROGRAM.WEEKEND WORKSHOPS ARE CONDUCTED FOR PARENTS AND THEIR CHILDREN TO EXPLORE TOGETHER AND TO HAVE IN DEPTH CONVERSATIONS WITH THEIR TEACHERS. DEVELOPMENTAL PROGRESS REPORTS ARE COMPLETED ON EACH CHILD EVERY SIX MONTHS. PERIODICALLY, THE CENTER CONDUCTS A WEEKEND PARENTS NIGHT OUT IN ORDER TO GIVE PARENTS A MUCH NEEDED BREAK FOR THEMSELVES. EACH EVENING ONE TEACHER IS DESIGNATED TO BE "ON CALL" IN THE EVENT A PARENT NEEDS TO PICK UP THEIR CHILD AFTER HOURS. THIS FEATURE GIVES PARENTS "PEACE OF MIND" THAT IN THE EVENT OF AN EMERGENCY, THEIR CHILD WILL BE CARED FOR IN THE HIGHEST MANNER POSSIBLE.Expenses $680,263
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 03-0398541
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2004
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P33)
- Assets (IRS master file)
- $437,745
- Income (IRS master file)
- $668,564
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $668,564 | $718,709 | $437,745 | XML |
| 990 | December 2023 | $692,454 | $826,191 | $460,556 | XML |
| 990 | December 2022 | $1,314,918 | $850,445 | $607,141 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 03-0398541).
Questions about RAINBOW LEARNING CENTER INC
- What is the EIN of RAINBOW LEARNING CENTER INC?
- The employer identification number (EIN) of RAINBOW LEARNING CENTER INC is 03-0398541.
- Is RAINBOW LEARNING CENTER INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2004.
- Are donations to RAINBOW LEARNING CENTER INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does RAINBOW LEARNING CENTER INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of RAINBOW LEARNING CENTER INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did RAINBOW LEARNING CENTER INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who are the officers and directors of RAINBOW LEARNING CENTER INC?
- The 990 for the year ended December 31, 2024 lists 3 people; 1 received compensation from the organization, the highest $30,000 (MINERVA GRAHAM, Executive Direc).
- How much revenue does RAINBOW LEARNING CENTER INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $668,564, expenses of $718,709 and total assets of $437,745 at year end.
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