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Nonprofit · EIN 66-0517324

RAINBOW FUND OF THE ROTARY CLUB OF ST THOMAS II INC

Tax-exempt (reinstated) · CHARLOTTE AMA, VI 00804

Financials

$9K$30K2022
Revenue Expenses · by fiscal year end
Financials of RAINBOW FUND OF THE ROTARY CLUB OF ST THOMAS II INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2023990$8,876$29,669-$20,793$405,199$0$405,199
Financial details: 990 for the year ended June 30, 2023

Revenue

Contributions, gifts and grants
$0
Program service revenue
$0
Investment income
$8,876
Net gain from sales of assets
$800
Other revenue
$0

Expenses

Grants and similar amounts paid
$24,189
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$2,884
Program services (functional)
$24,189
Management and general (functional)
$5,480

Balance sheet and other

Total assets, start of year
$400,695
Total assets, end of year
$405,199
Total liabilities, end of year
$0
Net assets, end of year
$405,199
Publicly traded securities
$380,400
Gross receipts
$42,053
Employees
0
Year formed
1982

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, 2023, highest compensation first.

NameTitleHours / weekCompensation
ERIC BAYNESBOARD CHAIR
Officer
–$0
ANETTE WILLIAMSTREASURER
Officer
–$0
MARILYN BLACKHALLDIRECTOR
Trustee or director
–$0
RAY BARRYDIRECTOR
Trustee or director
–$0

Address and contacts

Address (IRS master file)
PO BOX 6555, CHARLOTTE AMA, VI 00804-6555
In care of
% ELLIOT M DAVIS
Mailing address (990-N for 2024)
PO BOX 6555, CHARLOTTE AMALIE VI 00804
Principal officer (990 for 2022)
ERIC BAYNES, PO BOX 6555, CHARLOTTE AMALIE, VI 00804
Principal officer (990-N for 2024)
ERIC BAYNES, PO BOX 6555, CHARLOTTE AMALIE VI 00804
Signed the 990
ERIC BAYNES, BOARD CHAIR
Phone
(340) 690-1982
Return prepared by
M ADELL TAX & ACCOUNTING

Mission

THIS IS A ROTARY CLUB FOUNDATION, WHICH DONATES FUNDS TO VARIOUS OTHER CHARITABLE ORGANIZATIONS, PUBLIC SCHOOLS AND ALSO PROVIDES SCHOLARSHIPS TO NEEDY AND DESERVING STUDENTS.

990 for the year ended June 30, 2023

Program accomplishments

  • 24,189 WAS DISTRIBUTED TO THE ROTARY CLUB OF ST THOMAS II FOR CONTRIBUTIONS TO VARIOUS COMMUNITY CHARITIES.
    Expenses $24,189 · grants $24,189

What it must file and when

IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990-N on file
2023June 30, 2024November 15, 2024990-N on file

IRS record

EIN
66-0517324
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2019
Accounting year ends
June
Files
Form 990-N (e-Postcard)
Category (NTEE)
Religion-related (X99)

Revocation and reinstatement

Exemption revoked
November 15, 2016
Posted by the IRS
March 2, 2017
Reinstated
Effective June 15, 2019

From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-N for 2024
Officer: ERIC BAYNES
June 30, 2025≤ $50,000 receipts––e-Postcard
990-N for 2023
Officer: ERIC BAYNES
June 30, 2024≤ $50,000 receipts––e-Postcard
990June 2023$8,876$29,669$405,199XML
990June 2022–––IRS
990June 2021–––IRS
990-N for 2019
Officer: EDWARD THOMAS
June 30, 2020≤ $50,000 receipts––e-Postcard

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 66-0517324).

Questions about RAINBOW FUND OF THE ROTARY CLUB OF ST THOMAS II INC

What is the EIN of RAINBOW FUND OF THE ROTARY CLUB OF ST THOMAS II INC?
The employer identification number (EIN) of RAINBOW FUND OF THE ROTARY CLUB OF ST THOMAS II INC is 66-0517324.
Is RAINBOW FUND OF THE ROTARY CLUB OF ST THOMAS II INC tax-exempt?
Yes. The IRS revoked its exemption on November 15, 2016 and reinstated it effective June 15, 2019.
Are donations to RAINBOW FUND OF THE ROTARY CLUB OF ST THOMAS II INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does RAINBOW FUND OF THE ROTARY CLUB OF ST THOMAS II INC file?
Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
When is the next return of RAINBOW FUND OF THE ROTARY CLUB OF ST THOMAS II INC 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 FUND OF THE ROTARY CLUB OF ST THOMAS II INC last file with the IRS?
The latest return in the IRS public files is the 990-N for 2024 for the year ended June 30, 2025.
Who is the principal officer of RAINBOW FUND OF THE ROTARY CLUB OF ST THOMAS II INC?
The 990 for the year ended June 30, 2023 names ERIC BAYNES.
Who are the officers and directors of RAINBOW FUND OF THE ROTARY CLUB OF ST THOMAS II INC?
The 990 for the year ended June 30, 2023 lists 4 people; 0 received compensation from the organization.
How much revenue does RAINBOW FUND OF THE ROTARY CLUB OF ST THOMAS II INC have?
On its 990 for the year ended June 30, 2023 it reported revenue of $8,876, expenses of $29,669 and total assets of $405,199 at year end.

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