Nonprofit · EIN 27-4553013
RAINBOW GYMNASTICS INC
Tax-exempt · MEDFORD, WI 54451
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990 | $249,445 | $206,789 | $42,656 | $503,065 | $195,858 | $307,207 |
| August 31, 2024 | 990 | $222,860 | $223,368 | -$508 | $523,391 | $240,794 | $282,597 |
| August 31, 2023 | 990 | $320,761 | $171,329 | $149,432 | $540,155 | $227,058 | $313,097 |
Financial details: 990 for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $5,602
- Program service revenue
- $228,353
- Investment income
- $2,355
- Net rental income
- $7,700
- Net income from fundraising events
- $5,231
- Net income from sales of inventory
- $204
- Other revenue
- $13,135
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $87,197
- Salaries, compensation and benefits (total)
- $94,453
- Professional fundraising fees
- $0
- Accounting fees
- $2,686
- Occupancy
- $20,807
- Depreciation
- $14,669
- Program services (functional)
- $204,103
- Management and general (functional)
- $2,686
Balance sheet and other
- Total assets, start of year
- $505,345
- Total assets, end of year
- $503,065
- Total liabilities, end of year
- $195,858
- Net assets, end of year
- $307,207
- Land, buildings and equipment
- $385,486
- Net assets without donor restrictions
- $307,207
- Gross unrelated business income
- $5,231
- Gross receipts
- $251,694
- Employees
- 28
- Year formed
- 2011
- State of legal domicile
- WI
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 August 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ALLY RANUM | DIRECTOR Trustee or director | 0 | $0 |
| KALE MALLAK | DIRECTOR Trustee or director | 0 | $0 |
| JENNY NEMITZ COLEMAN | DIRECTOR Trustee or director | 0 | $0 |
| JESSICA FRAHMAN | PRESIDENT Officer | 0 | $0 |
| BILLY HARTWIG | VICE PRESIDENT Officer | 0 | $0 |
| MICHELLE GRANT | SECRETARY Officer | 0 | $0 |
| NANCY SCHAEFER | TREASURER Officer | 0 | $0 |
990 for the year ended August 31, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHELLE GRANT | SECRETARY Officer | 2 | $0 |
| NANCY SCHAEFER | TREASURER Officer | 2 | $0 |
| JESSICA FRAHMAN | PRESIDENT Officer | 2 | $0 |
| BILLY HARTWIG | VICE PRESIDENT Officer | 2 | $0 |
990 for the year ended August 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHELLE GRANT | SECRETARY Officer | 0 | $0 |
| NANCY SCHAEFER | TREASURER Officer | 0 | $0 |
| JESSICA FRAHMAN | PRESIDENT Officer | 0 | $0 |
| BILLY HARTWIG | VICE PRESIDENT Officer | 0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 61, MEDFORD, WI 54451-0061
- In care of
- % MEGAN YANKO
- Mailing address (990-N for 2014)
- PO Box 61, Medford WI 54451
- Principal officer (990-N for 2014)
- Kari Wanke, 950 E Perkins St, Medford WI 54451
- Signed the 990
- MEGAN YANKO, DIRECTOR
- Phone
- (715) 785-5039
- Return prepared by
- MAYER ASSOCIATES
Mission
TO PROVIDE A POSITIVE ATMOSPHERE TO LEARN GYMNASTIC SKILLS AS WELL AS AN OPPORUNITY FOR THOSE INTERESTED TO COMPETE ROUTINES SET BY USA GYMNASTICS AND AAU GYMNASTICS
Program accomplishments
- DEVELOP AND PROMOTE GYMNASTICSExpenses $204,103
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 on file |
| 2023 | August 31, 2024 | January 15, 2025 | 990 on file |
IRS record
- EIN
- 27-4553013
- 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
- 2011
- Accounting year ends
- August
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N60)
- Assets (IRS master file)
- $503,065
- Income (IRS master file)
- $251,694
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | August 2025 | $249,445 | $206,789 | $503,065 | XML |
| 990 | August 2024 | $222,860 | $223,368 | $523,391 | XML |
| 990 | August 2023 | $320,761 | $171,329 | $540,155 | XML |
| 990-EZ | August 2022 | – | – | – | IRS |
| 990-EZ | August 2021 | – | – | – | IRS |
| 990 | August 2020 | – | – | – | IRS |
| 990 | August 2019 | – | – | – | IRS |
| 990-N for 2014 Officer: Kari Wanke | August 31, 2015 | ≤ $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 27-4553013).
Questions about RAINBOW GYMNASTICS INC
- What is the EIN of RAINBOW GYMNASTICS INC?
- The employer identification number (EIN) of RAINBOW GYMNASTICS INC is 27-4553013.
- Is RAINBOW GYMNASTICS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2011.
- Are donations to RAINBOW GYMNASTICS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does RAINBOW GYMNASTICS 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 GYMNASTICS 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 GYMNASTICS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended August 2025.
- Who is the principal officer of RAINBOW GYMNASTICS INC?
- The 990-N for 2014 names Kari Wanke.
- Who are the officers and directors of RAINBOW GYMNASTICS INC?
- The 990 for the year ended August 31, 2025 lists 7 people; 0 received compensation from the organization.
- How much revenue does RAINBOW GYMNASTICS INC have?
- On its 990 for the year ended August 31, 2025 it reported revenue of $249,445, expenses of $206,789 and total assets of $503,065 at year end.
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All nonprofits in MEDFORD · Wisconsin · Recreation and sports