Nonprofit · EIN 88-0430382
RAINBOW DREAMS EDUCATIONAL FOUNDATION
Tax-exempt · LAS VEGAS, NV 89133
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2024 | 990 | $212,407 | $228,506 | -$16,099 | $392,672 | $13,484 | $379,188 |
| June 30, 2023 | 990 | $132,055 | $217,041 | -$84,986 | $426,595 | $60,264 | $366,331 |
Financial details: 990 for the year ended June 30, 2024
Revenue
- Contributions, gifts and grants
- $209,938
- Program service revenue
- $0
- Investment income
- $2,469
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $21,250
- Salaries, compensation and benefits (total)
- $21,250
- Professional fundraising fees
- $0
- Accounting fees
- $6,187
- Program services (functional)
- $30,052
- Management and general (functional)
- $61,688
- Fundraising (functional)
- $136,766
Balance sheet and other
- Total assets, start of year
- $418,776
- Total assets, end of year
- $392,672
- Total liabilities, end of year
- $13,484
- Net assets, end of year
- $379,188
- Net assets without donor restrictions
- $379,188
- Gross unrelated business income
- $2,469
- Gross receipts
- $212,407
- Employees
- 0
- Volunteers
- 50
- Year formed
- 1999
- State of legal domicile
- NV
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 June 30, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID PULLIAM | BOARD MEMBER Trustee or director | 1 | $0 |
| HANNAH BROWN | BOARD MEMBER Trustee or director | 1 | $0 |
| CINDY BRADEN | SECRETARY Officer | 1 | $0 |
| DR DEBRA TONEY | PRESIDENT Officer | 1 | $0 |
| STACY PARKER | TREASURER Officer | 1 | $0 |
990 for the year ended June 30, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Dr Christine Clark | Board Member Trustee or director | 1 | $0 |
| Hannah Brown | Board Member Trustee or director | 1 | $0 |
| Marie Ray Scott | Board Member Trustee or director | 1 | $0 |
| David Pulliam | Board Member Trustee or director | 1 | $0 |
| Cindy Braden | Secretary Officer | 1 | $0 |
| Stacy Parker | Treasurer Officer | 1 | $0 |
| Dr Debra Toney | President Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 34271, LAS VEGAS, NV 89133-4271
- Principal officer (990 for 2023)
- DEBRA TONEY
- Signed the 990
- DEBRA TONEY, CHAIRMAN
- Return prepared by
- BUSINESS TAX SOLUTIONS LLC
Mission
TO STRENGTHEN AND SUPPORT HISTORICALLY UNDER-SERVED COMMUNITIES IN SOUTHERN NEVADA THROUGH EDUCATIONAL AND CULTURAL PROGRAMS AND SERVICES.
Program accomplishments
- RAINBOW DREAMS ACADEMY CHARTER SCHOOL IS A LEADING PROVIDER OF EARLY CHILDHOOD EDUCATION, FAMILY ENGAGEMENT, AND PROFESSIONAL DEVELOPMENT PROGRAMMING IN CLARK COUNTY, NEVADA. OUR PROGRAM PRIMARILY SERVES AT-RISK YOUTH IN UNDERSERVED COMMUNITIES AND CURRENTLY SUPPORTS MORE THAN 300 STUDENTS IN BOTH PRE-K AND KINDERGARTEN.ESTABLISHED IN 2007 WITH AN INITIAL ENROLLMENT OF JUST 52 STUDENTS, RAINBOW DREAMS ACADEMY CHARTER SCHOOL HAS ALWAYS BEEN COMMITTED TO PROVIDING STUDENTS WITH A STRONG EDUCATIONAL FOUNDATION. OUR FOCUS EXTENDS BEYOND ACADEMICS TO EMBRACING DIVERSITY, ENCOURAGING CULTURAL AND ARTISTIC EXPRESSION, ENGAGING IN COMMUNITY OUTREACH, AND FOSTERING PERSONAL RESPONSIBILITY AND ACCOUNTABILITYALL OF WHICH CONTRIBUTE TO OUR STUDENTS' OVERALL ACADEMIC SUCCESS.RAINBOW DREAMS ACADEMY CHARTER SCHOOL OFFERS A TUITION-FREE, FULL-DAY, STEM-BASED ACADEMIC PROGRAM WITH SMALLER TEACHER-TO-STUDENT RATIOS, ENSURING PERSONALIZED ATTENTION AND SUPPORT. OUR GOAL IS TO NURTURE LIFELONG LEARNERS WHO DEVELOP A PASSION FOR EDUCATION AND ACQUIRE THE NECESSARY SKILLS TO BECOME CONTRIBUTING MEMBERS OF SOCIETY AND FUTURE LEADERS IN THEIR COMMUNITIES.
- LAS VEGAS JUNETEENTH FESTIVAL: FOR THE PAST TWO DECADES, THE RAINBOW DREAMS EDUCATIONAL FOUNDATION, WITH THE SUPPORT OF VARIOUS CORPORATE SPONSORS AND COMMUNITY PARTNERS, HAS PROUDLY PRESENTED THE LAS VEGAS JUNETEENTH FESTIVALAN ANNUAL CELEBRATION COMMEMORATING THE NATIONAL JUNETEENTH HOLIDAY. THIS IMPORTANT EVENT CONNECTS VALUABLE COMMUNITY SERVICES TO STUDENTS, THEIR FAMILIES, AND THE BROADER COMMUNITY WHILE HONORING AFRICAN AMERICAN CULTURE AND ITS MANY INVALUABLE CONTRIBUTIONS TO AMERICAN HISTORY. THE JUNETEENTH FESTIVAL IS AN OPPORTUNITY FOR PEOPLE OF ALL BACKGROUNDS AND ETHNICITIES TO COME TOGETHER IN THE SPIRIT OF EDUCATIONAL EQUALITY AND ECONOMIC EMPOWERMENT. THIS FAMILY-FRIENDLY, OPEN-AIR EVENT IS FREE TO THE PUBLIC AND FEATURES LIVE ENTERTAINMENT, MUSIC, DANCE, ART, COMMERCE, AND MORE.revenue $182,985
- RAINBOW DREAMS SCHOLARSHIP PROGRAM: THE RAINBOW DREAMS SCHOLARSHIP PROGRAM PROVIDES FINANCIAL ASSISTANCE TO DESERVING HIGH SCHOOL GRADUATES WHO PLAN TO PURSUE A COLLEGE DEGREE. EACH YEAR, THE RAINBOW DREAMS EDUCATIONAL FOUNDATION AWARDS MONETARY SCHOLARSHIPS OF VARYING AMOUNTS TO SELECTED STUDENTS, HELPING THEM MEET THE FINANCIAL DEMANDS OF HIGHER EDUCATION. THIS SCHOLARSHIP PROGRAM WAS CREATED TO SUPPORT STUDENTS FROM LOWER-INCOME COMMUNITIES WHO MAY LACK THE FINANCIAL RESOURCES NECESSARY TO AFFORD THE RISING COSTS OF COLLEGE.SCHOLARSHIP RECIPIENTS ARE CAREFULLY SCREENED BY A DEDICATED COMMITTEE OF COMMUNITY LEADERS, LOCAL ENTREPRENEURS, AND EDUCATORS, ALL SERVING ON A VOLUNTEER BASIS TO ENSURE THAT SCHOLARSHIPS ARE AWARDED TO THE MOST DESERVING STUDENTS.Expenses $30,052
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | Not on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 88-0430382
- 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
- 2000
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $392,672
- Income (IRS master file)
- $212,407
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2024 | $212,407 | $228,506 | $392,672 | XML |
| 990 | June 2023 | $132,055 | $217,041 | $426,595 | XML |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 88-0430382).
Questions about RAINBOW DREAMS EDUCATIONAL FOUNDATION
- What is the EIN of RAINBOW DREAMS EDUCATIONAL FOUNDATION?
- The employer identification number (EIN) of RAINBOW DREAMS EDUCATIONAL FOUNDATION is 88-0430382.
- Is RAINBOW DREAMS EDUCATIONAL FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to RAINBOW DREAMS EDUCATIONAL FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does RAINBOW DREAMS EDUCATIONAL FOUNDATION 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 DREAMS EDUCATIONAL FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did RAINBOW DREAMS EDUCATIONAL FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2024.
- Who is the principal officer of RAINBOW DREAMS EDUCATIONAL FOUNDATION?
- The 990 for the year ended June 30, 2024 names DEBRA TONEY.
- Who are the officers and directors of RAINBOW DREAMS EDUCATIONAL FOUNDATION?
- The 990 for the year ended June 30, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does RAINBOW DREAMS EDUCATIONAL FOUNDATION have?
- On its 990 for the year ended June 30, 2024 it reported revenue of $212,407, expenses of $228,506 and total assets of $392,672 at year end.
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