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Nonprofit · EIN 95-4185139

RAINBOW RISING

Tax-exempt · HERMOSA BEACH, CA 90254

Financials

$14M$10M2024
Revenue Expenses · by fiscal year end
Financials of RAINBOW RISING by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$13,963,903$10,011,861$3,952,042$22,383,121$304,539$22,078,582
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$13,600,275
Investment income
$363,628
Net gain from sales of assets
$26,176
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$738,858
Other salaries and wages
$4,470,239
Salaries, compensation and benefits (total)
$6,222,613
Professional fundraising fees
$0
Occupancy
$1,071,264
Travel
$47,939
Depreciation
$9,271
Program services (functional)
$9,259,690
Management and general (functional)
$752,171

Balance sheet and other

Total assets, start of year
$16,465,328
Total assets, end of year
$22,383,121
Total liabilities, end of year
$304,539
Net assets, end of year
$22,078,582
Land, buildings and equipment
$8,471
Publicly traded securities
$16,007,610
Net assets without donor restrictions
$22,078,582
Gross receipts
$15,111,292
Employees
227
Volunteers
5
Year formed
1989
State of legal domicile
CA

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.

NameTitleHours / weekCompensationOther / benefits
LINDSAY CULLENEMPLOYEE40$245,758$29,152
TEJAL PATELEMPLOYEE40$243,593$28,746
JARED R BAAREMPLOYEE40$171,675$19,934
FREDERICK PORTERPresident
Trustee or director, Officer
2.5$0$0
LISABETH AUBREY PORTERSecretary
Trustee or director, Officer
2.5$0$0
RANDI MILLSVice President
Trustee or director, Officer
2.5$0$0
DEAN PORTERTreasurer
Trustee or director, Officer
2.5$0$0
PEGGY O'SULLIVANMEMBER
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
2154 MONTEREY BLVD B, HERMOSA BEACH, CA 90254-2630
Principal officer (990 for 2024)
FREDERICK PORTER, 2154 MONTEREY BLVD B, HERMOSA BEACH, CA 90254
Signed the 990
FREDERICK PORTER, Chairman
Phone
(310) 612-5351
Return prepared by
LAWRENCE R MITCHELL & COMPANY CPAS

Mission

RAINBOW RISING WAS ESTABLISHED IN 1989 FOR THE SOLE PURPOSE OF MEETING THE NEEDS OF SCHOOL AGE CHILDREN IN IRVINE, CA.

990 for the year ended December 31, 2024

Program accomplishments

  • WE PROVIDE A DEVELOPMENTALLY BASED PRESCHOOL AND AFTERSCHOOL PROGRAM WITH HOMEWORK AND ENRICHMENT TIME, RECREATIONAL PLAY, ARTS, SCIENCE AND MATH. WE PROVIDE OPPORTUNITIES FOR SOCIALIZATION, FRIENDSHIPS AND FREE CHOICE PLAY, AS WE BELIEVE THESE ARE ESSENTIAL BUILDING BLOCKS FOR THE WHOLE CHILD'S GROWTH AND DEVELOPMENT. WE PROVIDE THESE SERVICES REGARDLESS OF THE CHILD'S FINANCIAL NEEDS.
    Expenses $9,259,690 · revenue $13,600,275

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
95-4185139
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
1990
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B900)
Assets (IRS master file)
$22,383,121
Income (IRS master file)
$15,111,292

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024–––IRS
990December 2023$12,756,558$9,535,722$16,465,328IRS
990December 2022$10,128,384$7,791,325$11,778,573IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.

Questions about RAINBOW RISING

What is the EIN of RAINBOW RISING?
The employer identification number (EIN) of RAINBOW RISING is 95-4185139.
Is RAINBOW RISING tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1990.
Are donations to RAINBOW RISING tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does RAINBOW RISING 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 RISING 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 RISING last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of RAINBOW RISING?
The 990 for the year ended December 31, 2024 names FREDERICK PORTER.
Who are the officers and directors of RAINBOW RISING?
The 990 for the year ended December 31, 2024 lists 8 people; 3 received compensation from the organization, the highest $245,758 (LINDSAY CULLEN, EMPLOYEE).
How much revenue does RAINBOW RISING have?
On its 990 for the year ended December 31, 2024 it reported revenue of $13,963,903, expenses of $10,011,861 and total assets of $22,383,121 at year end.

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