Nonprofit · EIN 99-0317114
RAINBOW AQUATICS SWIM TEAM INC
Tax-exempt (reinstated) · HONOLULU, HI 96828
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990-EZ | $134,955 | $147,608 | -$12,653 | $30,861 | $1,286 | $29,575 |
| August 31, 2024 | 990-EZ | $154,377 | $153,918 | $459 | $45,743 | $3,515 | $42,228 |
Financial details: 990-EZ for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $102,769
- Program service revenue
- $30,290
- Net income from sales of inventory
- $1,682
- Other revenue
- $214
Expenses
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $58,497
- Professional fees and payments to contractors
- $12,680
- Printing, publications and postage
- $7
- Other expenses
- $76,424
- Program services (functional)
- $127,914
Balance sheet and other
- Total assets, start of year
- $45,743
- Total assets, end of year
- $30,861
- Total liabilities, end of year
- $1,286
- Net assets, end of year
- $29,575
- Cash, savings and investments
- $25,912
- Gross receipts
- $143,583
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-EZ for the year ended August 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Monica LaBriola | President | 10 | $0 |
| Jason Ohara | Vice President | 3 | $0 |
| Agnes Loi | Meet Entry dir. | 3 | $0 |
| Jessica Cheng | Pres./Sec. | 10 | $0 |
| Ua Agbayani | Treasurer | 5 | $0 |
| Rebecca Murry | Treasurer | 5 | $0 |
| Akira Kanamaru | Secretary | 3 | $0 |
| Nicole Do | Meet Entry dir. | 3 | $0 |
990-EZ for the year ended August 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Monica LaBriola | President | 10 | $0 |
| April Gallego | Sec. & V.P | 3 | $0 |
| Agnes Loi | Dir. Meet Entry | 3 | $0 |
| Jessica Cheng | Secretary | 3 | $0 |
| Ua Agbayani | Treasurer | 5 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 11161, HONOLULU, HI 96828-0161
- In care of
- % TREASURER
- Signed the 990-EZ
- Rebecca Murry, Treasurer
- Phone
- (619) 392-7502
- Return prepared by
- NATALIE J IWASA CPA INC
Mission
The mission of our team is to provide every swimmer with an opportunity to improve swimming skills and achieve success at his or her level of ability, from novice to international competitor.
Program accomplishments
- Rainbow Aquatics is a year-round competitive swim team, offering high-quality professional coaching and technique instruction for all ages and abilities. Our swim team offers practices in Honolulu and Kaneohe, utilizing a number of local pools. All of our coaches, as members of USA Swimming, have access to the most comprehensive training and certification program for youth coaches of any sport in the United States. They provide assurances that the time children spend swimming will be quality time. The primary beneficiaries of the program are youth swimmers, ranging from novices to those competing at regional levels. BOWS offers structured training across four progressive swim groups: Novice, Beginner, Intermediate, and Senior. Each group focuses on developing specific skills, from introducing the four competitive strokes to enhancing stroke efficiency and preparing for elite competitions. In FYE 8/31/25 the number of swimmers on the roster was approximately 150. The overall objective of Rainbow Aquatics is to provide every swimmer with the opportunity to improve their skills and achieve success at their level of ability, fostering a lifelong love for swimming. Practices are held Monday thru Friday all year round totaling approximately 1,250 practice hours. Practice is held at multiple locations, including Palolo Valley Park, Kanewai Community Pool, Kalani High School, Kaimuki High School, and Kaneohe District Park. The team hosts an Invitational Swim meet and ABC meet annually that serves approximately 1,000 Hawaii swimmers. In addition to practices and swim meets the team participates in team building activities such as camping, bowling, and hiking to foster camaraderie.Expenses $127,914
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 August, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | August 31, 2026 | January 15, 2027 | Not due yet |
| 2024 | August 31, 2025 | January 15, 2026 | 990-EZ on file |
| 2023 | August 31, 2024 | January 15, 2025 | 990-EZ on file |
IRS record
- EIN
- 99-0317114
- 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
- 2025
- Accounting year ends
- August
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N67)
- Assets (IRS master file)
- $30,861
- Income (IRS master file)
- $143,583
Revocation and reinstatement
- Exemption revoked
- January 15, 2024
- Posted by the IRS
- April 8, 2024
- Reinstated
- Effective January 15, 2024
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | August 2025 | $134,955 | $147,608 | $30,861 | XML |
| 990-EZ | August 2024 | $154,377 | $153,918 | $45,743 | XML |
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 99-0317114).
Questions about RAINBOW AQUATICS SWIM TEAM INC
- What is the EIN of RAINBOW AQUATICS SWIM TEAM INC?
- The employer identification number (EIN) of RAINBOW AQUATICS SWIM TEAM INC is 99-0317114.
- Is RAINBOW AQUATICS SWIM TEAM INC tax-exempt?
- Yes. The IRS revoked its exemption on January 15, 2024 and reinstated it effective January 15, 2024.
- Are donations to RAINBOW AQUATICS SWIM TEAM INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does RAINBOW AQUATICS SWIM TEAM 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 AQUATICS SWIM TEAM INC due?
- The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did RAINBOW AQUATICS SWIM TEAM INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended August 2025.
- Who are the officers and directors of RAINBOW AQUATICS SWIM TEAM INC?
- The 990-EZ for the year ended August 31, 2025 lists 8 people; 0 received compensation from the organization.
- How much revenue does RAINBOW AQUATICS SWIM TEAM INC have?
- On its 990-EZ for the year ended August 31, 2025 it reported revenue of $134,955, expenses of $147,608 and total assets of $30,861 at year end.
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