Nonprofit · EIN 39-1422626
THE RAINBOW PROJECT INC
Tax-exempt · MADISON, WI 53703
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,908,112 | $1,670,118 | $237,994 | $3,574,296 | $410,796 | $3,163,500 |
| December 31, 2023 | 990 | $2,134,166 | $1,415,553 | $718,613 | $3,267,618 | $342,569 | $2,925,049 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,757,338
- of which government grants
- $699,667
- Program service revenue
- $112,475
- Investment income
- $89,933
- Net rental income
- -$2,355
- Net income from fundraising events
- -$50,028
- Other revenue
- -$51,634
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $128,331
- Other salaries and wages
- $976,877
- Salaries, compensation and benefits (total)
- $1,325,807
- Professional fundraising fees
- $0
- Legal fees
- $2,825
- Accounting fees
- $14,884
- Occupancy
- $9,116
- Travel
- $50,633
- Depreciation
- $52,387
- Program services (functional)
- $1,201,692
- Management and general (functional)
- $322,080
- Fundraising (functional)
- $146,346
Balance sheet and other
- Total assets, start of year
- $3,267,618
- Total assets, end of year
- $3,574,296
- Total liabilities, end of year
- $410,796
- Net assets, end of year
- $3,163,500
- Land, buildings and equipment
- $600,355
- Publicly traded securities
- $1,122
- Net assets without donor restrictions
- $3,084,311
- Net assets with donor restrictions
- $79,189
- Gross unrelated business income
- -$2,355
- Gross receipts
- $1,997,391
- Employees
- 22
- Volunteers
- 42
- Year formed
- 1982
- 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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SHARYL KATO | EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $115,249 | $8,519 |
| CAROLA GAINS | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| TREATER PRESTINE | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| ALYSSA CORIELL SCHULTZ | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| MICHELLE VASSALLO | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| ROBIN VALLEY MASSEY | MEMBER - PART YEAR Trustee or director | 1 | $0 | $0 |
| LAURA HOUSER | MEMBER Trustee or director | 1 | $0 | $0 |
| MEE SOON LANGOHR | MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SHARYL KATO | EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $116,795 | $8,091 |
| CAROLA GAINS | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| TREATER PRESTINE | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| IAN CARROLL | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| MICHELLE VASSALLO | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| ROBIN VALLEY MASSEY | MEMBER Trustee or director | 1 | $0 | $0 |
| LAURA HOUSER | MEMBER Trustee or director | 1 | $0 | $0 |
| MEE SOON LANGOHR | MEMBER Trustee or director | 1 | $0 | $0 |
| ALYSSA CORIELL SCHULTZ | MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 831 E WASHINGTON AVE, MADISON, WI 53703-2935
- Principal officer (990 for 2024)
- SHARYL KATO, 831 E WASHINGTON AVE, MADISON, WI 53703
- Signed the 990
- SHARYL KATO, EXECUTIVE DIRECTOR
- Phone
- (608) 255-7356
- Website
- WWW.THERAINBOWPROJECT.NET
- Return prepared by
- REILLY PENNER & BENTON LLP
Mission
THE RAINBOW PROJECT PROVIDES RESTORATIVE HEALING AND HOPE FOR YOUNG CHILDREN AND THEIR FAMILIES WHO HAVE EXPERIENCED TRAUMA, HELPING THEM BUILD A FOUNDATION FOR THE MASTERY OF LIFE SUSTAINING SKILLS.
Program accomplishments
- EARLY INTERVENTION AND PREVENTION SERVICES - A CORE PROJECT PROGRAM THAT INCLUDES A COMPREHENSIVE, INDIVIDUALIZED SERVICE MODEL WHICH PROVIDES ASSESSMENT, REFERRAL ADVOCACY, PLAY THERAPY, PARENT EDUCATION, INDIVIDUAL AND FAMILY THERAPY, IN-HOME SERVICES AND CONSULTATION IN DAYCARES, SCHOOLS AND FOSTER HOMES.Expenses $1,092,247
- CONSULTATION, OBSERVATION, RESOURCES & EDUCATION (CORE) PROJECT - THERAPISTS PARTNER WITH EARLY CHILDHOOD EDUCATORS AND CHILD CARE PROVIDERS OFFERING IN-DEPTH TRAINING, SUPPORT, AND CONSULTATION FOR SELECTED DAYCARE CENTERS. THE PURPOSE OF THIS SPECIAL PROGRAM IS TO HELP PREVENT FUTURE, MORE SERIOUS PROBLEMS FROM OCCURING WITH THE CHILDREN AND FAMILIES THEY SERVE.Expenses $25,937
- RAINBOW RAPID RESPONSE TEAM (RRR) - THE SPECIAL TEAM PROVIDES IMMEDIATE RESPONSE AND SUPPORT FOR CHILDREN AND FAMILIES INVOLVED IN COMMUNITY VIOLENCE AND/OR TRAUMA CRISIS SITUATIONS. RRR PROVIDES FIRST RESPONSE SERVICES, INCLUDING CRISIS SUPPORT, TRAUMA SCREENING, REFERRAL, AND FOLLOW-UP TO ENSURE STABILIZATION FOR CHILDREN AND FAMILIES. THE TEAM ALSO PROVIDES TRAUMA FOCUSED TRAINING PRESENTATIONS TO HELP RAISE AWARENESS AND UNDERSTANDING IN THE COMMUNITY OF BEST PRACTICE RESPONSES TO TRAUMA.Expenses $44,364
- OTHER PROGRAMS - INCLUDES THE FOLLOWING PROGRAMS: CHILDREN OF VIOLENT HOMES, PROJECT FACE - KIDS GROUPS FOR CHILDREN AND YOUTH (FACE), SPANISH SPEAKING, COGNITIVE BEHAVIORAL INTERVENTION FOR TRAUMA IN SCHOOLS (CBITS), COACH'S CORNER - EMOTION COACHING, GRANDPARENTS RAISING GRANDCHILDREN, AND OTHER.Expenses $39,144 · revenue $113,224
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 39-1422626
- 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
- 1983
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $3,574,296
- Income (IRS master file)
- $1,997,391
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,908,112 | $1,670,118 | $3,574,296 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $2,134,166 | $1,415,553 | $3,267,618 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $1,810,629 | $1,308,924 | $2,543,966 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
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 39-1422626).
Questions about THE RAINBOW PROJECT INC
- What is the EIN of THE RAINBOW PROJECT INC?
- The employer identification number (EIN) of THE RAINBOW PROJECT INC is 39-1422626.
- Is THE RAINBOW PROJECT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1983.
- Are donations to THE RAINBOW PROJECT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE RAINBOW PROJECT 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 THE RAINBOW PROJECT INC 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 THE RAINBOW PROJECT INC 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 THE RAINBOW PROJECT INC?
- The 990 for the year ended December 31, 2024 names SHARYL KATO.
- Who are the officers and directors of THE RAINBOW PROJECT INC?
- The 990 for the year ended December 31, 2024 lists 8 people; 1 received compensation from the organization, the highest $115,249 (SHARYL KATO, EXECUTIVE DIRECTOR).
- How much revenue does THE RAINBOW PROJECT INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,908,112, expenses of $1,670,118 and total assets of $3,574,296 at year end.
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