Nonprofit · EIN 56-1217861
RAINBOW COMMUNITY SCHOOL
Tax-exempt · ASHEVILLE, NC 28806
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $3,943,149 | $3,814,118 | $129,031 | $5,197,675 | $1,924,075 | $3,273,600 |
| June 30, 2024 | 990 | $3,242,201 | $3,125,790 | $116,411 | $4,987,179 | $1,840,779 | $3,146,400 |
| June 30, 2023 | 990 | $3,307,098 | $3,105,218 | $201,880 | $4,872,290 | $1,849,648 | $3,022,642 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $768,509
- of which government grants
- $654,949
- Program service revenue
- $2,996,309
- Investment income
- $98,747
- Net rental income
- $28,483
- Net gain from sales of assets
- $12,428
- Net income from fundraising events
- $13,154
- Other revenue
- $79,584
Expenses
- Grants and similar amounts paid
- $593,591
- Compensation of officers, directors and key employees
- $92,238
- Other salaries and wages
- $2,188,681
- Salaries, compensation and benefits (total)
- $2,479,360
- Professional fundraising fees
- $0
- Legal fees
- $5,897
- Accounting fees
- $4,574
- Occupancy
- $74,266
- Depreciation
- $84,984
- Program services (functional)
- $2,966,597
- Management and general (functional)
- $808,208
- Fundraising (functional)
- $39,313
Balance sheet and other
- Total assets, start of year
- $4,987,179
- Total assets, end of year
- $5,197,675
- Total liabilities, end of year
- $1,924,075
- Net assets, end of year
- $3,273,600
- Land, buildings and equipment
- $2,699,118
- Net assets without donor restrictions
- $3,270,422
- Net assets with donor restrictions
- $3,178
- Gross unrelated business income
- -$5,022
- Gross receipts
- $3,978,709
- Employees
- 62
- Volunteers
- 40
- Year formed
- 1977
- State of legal domicile
- NC
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Susan Fahrer | Executive Director Officer | 40 | $88,900 | $5,639 |
| Kali DeWine | Chair Trustee or director, Officer | 6 | $0 | $0 |
| Dusty McKeelan | Vice-Chair Trustee or director, Officer | 4 | $0 | $0 |
| Sevn McAuley | Treasurer Trustee or director, Officer | 6 | $0 | $0 |
| Ruth Bhakta | Secretary Trustee or director, Officer | 3 | $0 | $0 |
| Melissa Scott | Member Trustee or director | 3 | $0 | $0 |
| Amy Mitchell | Member Trustee or director | 4 | $0 | $0 |
| Pamela Goodrum | Member Trustee or director | 3 | $0 | $0 |
990 for the year ended June 30, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Susan Fahrer | Executive Director - Non-V Trustee or director | 40 | $82,000 |
| Amy Mitchell | Board Member Trustee or director | 1 | $0 |
| Dusty McKeelan | Officer Trustee or director, Officer | 1 | $0 |
| Kali DeWine | Chairperson Trustee or director, Officer | 1 | $0 |
| Pamela Goodrum | Board Member Trustee or director | 1 | $0 |
| Jeffie Cilano | Vice Chair Trustee or director | 1 | $0 |
| Sevn McCauley | Finance Officer Trustee or director, Officer | 1 | $0 |
| Melissa Scott | Board Member Trustee or director | 1 | $0 |
| Ruth Bhakta | Secretary Trustee or director, Officer | 1 | $0 |
990 for the year ended June 30, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Susan Fahrer | Executive Director - Non-V Trustee or director | 40 | $79,900 |
| Jean David | Board Member Trustee or director | 1 | $0 |
| Dusty McKeelan | Board Member Trustee or director | 1 | $0 |
| Kali DeWine | Chairperson Trustee or director, Officer | 1 | $0 |
| Pamela Goodrum | Secretary Trustee or director, Officer | 1 | $0 |
| Jennifer Tracy | Board Member Trustee or director | 1 | $0 |
| Sevn McCauley | Board Member Trustee or director | 1 | $0 |
| Nathaniel Banchiere | Finance Officer Trustee or director, Officer | 1 | $0 |
| Ruth Bhakta | Vice Chairperson Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 574 HAYWOOD RD, ASHEVILLE, NC 28806-3556
- Principal officer (990 for 2024)
- Susie Fahrer, 574 Haywood Road, Asheville, NC 28806
- Signed the 990
- Susie Fahrer, Executive Director
- Phone
- (828) 258-9264
- Return prepared by
- CORLISS & SOLOMON PLLC
Mission
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.
Program accomplishments
- Rainbow Community School operated a pre-school, elementary school, middle school, before/after school, and summer programs for approximately 215 students.Expenses $2,966,597 · grants $593,591 · revenue $2,996,309
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 56-1217861
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1979
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B21Z)
- Assets (IRS master file)
- $5,197,675
- Income (IRS master file)
- $3,978,709
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $3,943,149 | $3,814,118 | $5,197,675 | XML |
| 990 | June 2024 | $3,242,201 | $3,125,790 | $4,987,179 | IRS |
| 990 | June 2023 | $3,307,098 | $3,105,218 | $4,872,290 | XML |
| 990 | June 2022 | $3,131,293 | $2,868,931 | $4,771,350 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | 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 56-1217861).
Questions about RAINBOW COMMUNITY SCHOOL
- What is the EIN of RAINBOW COMMUNITY SCHOOL?
- The employer identification number (EIN) of RAINBOW COMMUNITY SCHOOL is 56-1217861.
- Is RAINBOW COMMUNITY SCHOOL tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1979.
- Are donations to RAINBOW COMMUNITY SCHOOL tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does RAINBOW COMMUNITY SCHOOL 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 COMMUNITY SCHOOL due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did RAINBOW COMMUNITY SCHOOL last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of RAINBOW COMMUNITY SCHOOL?
- The 990 for the year ended June 30, 2025 names Susie Fahrer.
- Who are the officers and directors of RAINBOW COMMUNITY SCHOOL?
- The 990 for the year ended June 30, 2025 lists 8 people; 1 received compensation from the organization, the highest $88,900 (Susan Fahrer, Executive Director).
- How much revenue does RAINBOW COMMUNITY SCHOOL have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $3,943,149, expenses of $3,814,118 and total assets of $5,197,675 at year end.
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