Nonprofit · EIN 41-1822820
UNDER THE RAINBOW EARLY EDUCATION CENTER
Tax-exempt · RED WING, MN 55066
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,604,735 | $1,735,231 | -$130,496 | $1,346,806 | $394,857 | $951,949 |
| December 31, 2023 | 990 | $2,227,177 | $1,656,679 | $570,498 | $1,580,059 | $497,614 | $1,082,445 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $136,723
- of which government grants
- $128,686
- Program service revenue
- $1,472,180
- Investment income
- -$4,168
- Net gain from sales of assets
- -$10,277
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $1,223,342
- Salaries, compensation and benefits (total)
- $1,327,493
- Professional fundraising fees
- $0
- Legal fees
- $53
- Accounting fees
- $20,220
- Occupancy
- $63,289
- Travel
- $2,735
- Depreciation
- $50,176
- Program services (functional)
- $1,486,859
- Management and general (functional)
- $177,779
- Fundraising (functional)
- $70,593
Balance sheet and other
- Total assets, start of year
- $1,580,059
- Total assets, end of year
- $1,346,806
- Total liabilities, end of year
- $394,857
- Net assets, end of year
- $951,949
- Land, buildings and equipment
- $956,936
- Net assets without donor restrictions
- $951,949
- Gross receipts
- $1,658,243
- Employees
- 59
- Volunteers
- 0
- Year formed
- 1995
- State of legal domicile
- MN
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 |
|---|---|---|---|
| MICHELLE FINHOLDT | CHAIRMAN Trustee or director, Officer | 40 | $126,688 |
| BOB KUBES | TREASURER Trustee or director, Officer | 2 | $0 |
| DAVE MUELKEN | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHELLE FINHOLDT | CHAIRMAN Trustee or director, Officer | 40 | $121,595 |
| BOB KUBES | TREASURER Trustee or director, Officer | 2 | $0 |
| DAVE MUELKEN | DIRECTOR Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 555 TECHNOLOGY DR, RED WING, MN 55066-2849
- In care of
- % MICHELLE L SUCHANEK
- Principal officer (990 for 2024)
- MICHELLE FINHOLDT, 555 TECHNOLOGY DRIVE, RED WING, MN 55066
- Signed the 990
- MICHELLE FINHOLDT, CHAIRMAN
- Phone
- (651) 388-6433
- Return prepared by
- SMITH SCHAFER & ASSOCIATES LTD
Mission
OPENING THE PATHWAY TO ALLOW CHILDREN TO GROW, LEARN AND DEVELOP TO THEIR FULL POTENTIAL.
Program accomplishments
- UNDER THE RAINBOW EARLY EDUCATION CENTER OPERATED 12 MONTHS IN 2024 FULFILLING ITS MISSION OF 'OPENING THE PATHWAY TO ALLOW CHILDREN TO LEARN, GROW AND DEVELOP TO THEIR FULL POTENTIAL.' WE WORK DAILY ON PROMOTING PHYSICAL, INTELLECTUAL, SOCIAL, AND EMOTIONAL DEVELOPMENT FOR THE CHILDREN. WE TAKE GREAT PRIDE IN THE WORK WE DO! WE SERVED THE GENERAL PUBLIC OF RED WING AND SURROUNDING COMMUNITITES ALLOWNG THEM THE OPPORTUNITY TO BE EMPLOYED OR TO FURTHER THEIR EDUCATION. DURING THE YEAR WE HAD AN AVERAGE ENROLLMENT OF 180 FULL/PART TIME CHILDREN. CHILDREN OF LOW INCOME PARENTS RECEIVING FINANCIAL ASSISTANCE MADE UP APPROXIMATELY 25% OF THE ENROLLMENT. WE WORK WITH SOCIAL SERVICES FROM GOODHUE, WABASHA, PIERCE AND DUNN COUNTIES, THE STATE OF WASHINGTON AS WELL AS THE PRAIRIE ISLAND TRIBAL COMMUNITY.Expenses $1,486,859 · revenue $1,472,180
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
- 41-1822820
- 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
- 1996
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P33)
- Assets (IRS master file)
- $1,346,806
- Income (IRS master file)
- $1,658,243
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,604,735 | $1,735,231 | $1,346,806 | XML |
| 990 | December 2023 | $2,227,177 | $1,656,679 | $1,580,059 | XML |
| 990 | December 2022 | $1,443,467 | $1,469,377 | $954,956 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 41-1822820).
Questions about UNDER THE RAINBOW EARLY EDUCATION CENTER
- What is the EIN of UNDER THE RAINBOW EARLY EDUCATION CENTER?
- The employer identification number (EIN) of UNDER THE RAINBOW EARLY EDUCATION CENTER is 41-1822820.
- Is UNDER THE RAINBOW EARLY EDUCATION CENTER tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
- Are donations to UNDER THE RAINBOW EARLY EDUCATION CENTER tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does UNDER THE RAINBOW EARLY EDUCATION CENTER 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 UNDER THE RAINBOW EARLY EDUCATION CENTER 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 UNDER THE RAINBOW EARLY EDUCATION CENTER 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 UNDER THE RAINBOW EARLY EDUCATION CENTER?
- The 990 for the year ended December 31, 2024 names MICHELLE FINHOLDT.
- Who are the officers and directors of UNDER THE RAINBOW EARLY EDUCATION CENTER?
- The 990 for the year ended December 31, 2024 lists 3 people; 1 received compensation from the organization, the highest $126,688 (MICHELLE FINHOLDT, CHAIRMAN).
- How much revenue does UNDER THE RAINBOW EARLY EDUCATION CENTER have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,604,735, expenses of $1,735,231 and total assets of $1,346,806 at year end.
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