Nonprofit · EIN 42-1258743
RAINBOW LAND PRESCHOOL
Tax-exempt · FAYETTE, IA 52142
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $232,036 | $284,665 | -$52,629 | $270,566 | $4,453 | $266,113 |
| December 31, 2024 | 990 | $266,312 | $328,904 | -$62,592 | $319,103 | $361 | $318,742 |
| December 31, 2023 | 990 | $343,279 | $363,411 | -$20,132 | $385,247 | $4,764 | $380,483 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $228,443
- Investment income
- $3,593
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $192,434
- Salaries, compensation and benefits (total)
- $207,155
- Professional fundraising fees
- $0
- Accounting fees
- $600
- Travel
- $214
- Depreciation
- $14,573
- Program services (functional)
- $234,104
- Management and general (functional)
- $50,561
Balance sheet and other
- Total assets, start of year
- $319,103
- Total assets, end of year
- $270,566
- Total liabilities, end of year
- $4,453
- Net assets, end of year
- $266,113
- Land, buildings and equipment
- $135,090
- Gross receipts
- $232,036
- Employees
- 47
- Volunteers
- 12
- Year formed
- 1986
- State of legal domicile
- IA
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Sara Sheeley | President Trustee or director, Officer | 1 | $0 |
| Teresa Moore | Director Trustee or director | 40 | $0 |
| Andrew Ransom | Treasurer Trustee or director, Officer | 1 | $0 |
| Danielle Cushion | Secretary Trustee or director, Officer | 1 | $0 |
| Nigel George | Director Trustee or director, Officer | 2 | $0 |
| Erin Yourison | Director Trustee or director | 1 | $0 |
| Susan Martin | Director Trustee or director | 1 | $0 |
| Amber Schultz | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NIGEL GEORGE | Director Trustee or director, Officer | 2 | $0 |
| SARA SHEELEY | President Trustee or director, Officer | 1 | $0 |
| ANDREW RANSON | Treasurer Trustee or director, Officer | 1 | $0 |
| DANIELLE CUSHION | Secretary Trustee or director, Officer | 1 | $0 |
| RACHEL CASPERS | Vice President Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| AMANDA KALB | DIRECTOR OF OPERATIONS | 40 | $49,082 |
| SUSAN MARTIN | ASSIST DIRECTOR | 40 | $35,458 |
| NIGEL GEORGE | President Trustee or director, Officer | 2 | $0 |
| SARA SHEELEY | Vice President Trustee or director, Officer | 1 | $0 |
| ANDREW RANSON | Treasurer Trustee or director, Officer | 1 | $0 |
| DANIELLE CUSHION | Secretary Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 201 VINE ST BUILDING 1, FAYETTE, IA 52142-7649
- Principal officer (990 for 2025)
- Sara Sheeley, 201 Vine St Bldg 1, Fayette, IA 521427649
- Signed the 990
- Sara Sheeley, President
- Phone
- (563) 425-4398
- Return prepared by
- RFSW & Co CPAs PC
Mission
Daycare and Preschool Service
Program accomplishments
- Rainbow Land Provides Daycare and Preschool Services to over 30 Children from ages 0 to 12.Expenses $234,104
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 | 990 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
- 42-1258743
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1986
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $270,566
- Income (IRS master file)
- $232,036
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $232,036 | $284,665 | $270,566 | XML |
| 990 | December 2024 | $266,312 | $328,904 | $319,103 | XML |
| 990 | December 2023 | $343,279 | $363,411 | $385,247 | XML |
| 990 | December 2022 | $396,442 | $390,878 | $405,488 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 42-1258743).
Questions about RAINBOW LAND PRESCHOOL
- What is the EIN of RAINBOW LAND PRESCHOOL?
- The employer identification number (EIN) of RAINBOW LAND PRESCHOOL is 42-1258743.
- Is RAINBOW LAND PRESCHOOL tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1986.
- Are donations to RAINBOW LAND PRESCHOOL tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does RAINBOW LAND PRESCHOOL 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 LAND PRESCHOOL due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did RAINBOW LAND PRESCHOOL last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of RAINBOW LAND PRESCHOOL?
- The 990 for the year ended December 31, 2025 names Sara Sheeley.
- Who are the officers and directors of RAINBOW LAND PRESCHOOL?
- The 990 for the year ended December 31, 2025 lists 8 people; 0 received compensation from the organization.
- How much revenue does RAINBOW LAND PRESCHOOL have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $232,036, expenses of $284,665 and total assets of $270,566 at year end.
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