RAINBOW DREAMS EDUCATIONAL FOUNDATION Charity Report

Public IRS 990 nonprofit record

RAINBOW DREAMS EDUCATIONAL FOUNDATION

EIN 88-0430382 · Scholarships & Student Financial Aid (B82)

What they do

to STRENGTHEN and SUPPORT HISTORICALLY UNDER-SERVED COMMUNITIES IN SOUTHERN NEVADA THROUGH EDUCATIONAL and CULTURAL PROGRAMS and SERVICES.

Before you give

Should I give to this charity?

Easy charity check

The spending raises an important question

Of every $100 spent, about $13.20 was reported for mission work and $59.90 for fundraising. Understand this before you give.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2023The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders5 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

14.15%of revenue went to mission work13.2% of expenses · Program services

64.39%of revenue went to fundraising59.9% of expenses

$107.58spent for every $100 of revenueSpending was higher than revenue this year.

29.04%of revenue went to management and office costs27.0% of expenses

$1.72in assets for every $1 spent this yearSome assets cannot be spent right away.

98.8%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $16,099 this year. Ask whether that was planned or caused by a one-time event.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2023

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$212,407

Mission workProgram services$30,05214.15% of revenue13.2% of expenses

ManagementOffice and general costs$61,68829.04% of revenue27.0% of expenses

FundraisingAsking for donations$136,76664.39% of revenue59.9% of expenses

Total expenses$228,506107.58% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Pause before giving. This filing reports that 59.9% of spending went to fundraising and 13.2% went to mission work. Ask the charity to explain these numbers and show recent results.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2023CurrentExpense mix: 13.2% mission · 27.0% management · 59.9% fundraisingTotal expenses: 107.58% of revenue

2022Expense mix: 66.7% mission · 6.0% management · 27.3% fundraisingTotal expenses: 164.36% of revenue

2021Expense mix: 63.7% mission · 3.5% management · 32.8% fundraisingTotal expenses: 152.66% of revenue

2020Expense mix: 47.1% mission · 8.1% management · 44.8% fundraisingTotal expenses: 231.07% of revenue

2019Expense mix: 8.0% mission · 27.6% management · 64.4% fundraisingTotal expenses: 114.59% of revenue

2018Expense mix: 52.0% mission · 11.3% management · 36.6% fundraisingTotal expenses: 121.90% of revenue

2017Expense mix: 51.0% mission · 31.8% management · 17.2% fundraisingTotal expenses: 172.48% of revenue

2016Expense mix: 61.1% mission · 30.4% management · 8.5% fundraisingTotal expenses: 93.68% of revenue

Money in and money out

Revenue$212,407

Expenses$228,506

Annual shortfall $16,099 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$30,052 · 13.2% of expenses

Management and office costs$61,688 · 27.0% of expenses

Fundraising$136,766 · 59.9% of expenses

See all reported dollar amounts

Revenue$212,407

Expenses$228,506

Assets$392,672

Income$212,407

Contributions$209,938

Mission work (program services)$30,052

Fundraising$136,766

Grants given$63,918

Average grant$31,959

Management and general$61,688

Accounting fees$6,187

People

Leadership and board

Tax year 2023

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (5)

CINDY BRADENSECRETARY

DAVID PULLIAMBOARD MEMBER

DR DEBRA TONEYPRESIDENT

HANNAH BROWNBOARD MEMBER

STACY PARKERTREASURER

About this charity

Recognized since: January 2000
Location: PO BOX 34271, LAS VEGAS, NV 89133
County: Clark
In care of: DEBRA TONEY
Primary officer: DEBRA TONEY, CHAIRMAN

How to reach them

WebsiteVisit the charity’s website Phone(702) 507-0552

Filing and classification

Latest tax year: 2023
Tax period began: July 1, 2023
Return type: 990
Tax preparer: BUSINESS TAX SOLUTIONS LLC
NTEE classification: Scholarships & Student Financial Aid (B82)
IRS tax category: Scholarships & Student Financial Aid
Grant-giving organization: Yes