Raynbow Foundation Inc in Rocky Hill, Connecticut (CT)
Table of contents:
| Raynbow Foundation Inc | |
| Employer Identification Number (EIN) | 061518753 |
| Name of Organization | Raynbow Foundation Inc |
| In Care of Name | Neil R Esposito |
| Address | 55 Hunters Rdg, Rocky Hill, CT 06067-1742 |
| Subsection | Charitable Organization |
| Ruling Date | 07/1999 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 05/2014 |
| Assets | $10,000 to $24,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $22,404 |
| Amount of Income | $64,616 |
| Form 990 Revenue Amount | $26,777 |
| National Taxonomy of Exempt Entities (NTEE) | Health - General and Rehabilitative: Fund Raising and/or Fund Distribution |
Non-representatives - add comments:
Amount of income in 2014: $64,616 (it was $94,647 in 2013)
| Raynbow Foundation Inc: | $64,616 |
| Other organizations performing similar types of work: | $100,423 |
Assets in 2014: $22,404 (it was $31,593 in 2013)
| This organization: | $22,404 |
| Other organizations performing similar types of work: | $79,295 |
Expenses in 2014: $35,966
| This organization: | $35,966 |
| Other organizations performing similar types of work: | $57,717 |
Income to expenses ratio in 2014: 1.8
| This organization: | 1.8 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2014: 162.0%
| This organization: | 162.0% |
| Other organizations performing similar types of work: | 19.8% |
Revenue for 2014
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total revenue | $46,478 | $57,887 | $55,621 | $26,777 |
| Contributions, gifts, grants, and similar amounts received | $57,206 | $110,223 | $66,070 | $43,386 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 | $0 |
| Investment income | $0 | $0 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $-10,728 | $-52,336 | $-10,449 | $-16,609 |
| Gross income from gaming | $0 | $0 | $0 | $0 |
| Gross income from fundraising events | $17,721 | $22,400 | $28,577 | $21,230 |
| Less: direct expenses from gaming and fundraising events | $28,449 | $74,736 | $39,026 | $37,839 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 | $0 |
| Total expenses | $43,181 | $46,621 | $39,413 | $35,966 |
| Total net assets | $4,119 | $15,385 | $31,593 | $22,404 |
| Excess/Deficit for the year | $3,297 | $11,266 | $16,208 | $-9,189 |
| Net assets or fund balances at beginning of year | $822 | $4,119 | $15,385 | $31,593 |
| Other changes in net assets or fund balances | $0 | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $15,385 | $31,593 | $22,404 | |
| Balance Sheets | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total assets | $4,119 | $15,385 | $31,593 | $22,404 |
| Total liabilities | $0 | $0 | $0 | $0 |
| Net assets or fund balances | $4,119 | $15,385 | $31,593 | $22,404 |
| Other Information | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | No | |
| Total amount involved | $0 | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | No | |
| Reason for Public Charity Status (for 2014) | |
| The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2010 - 2014) | |
| 2010 - 2014 Total | |
|---|---|
| Public Support | $162,803 |
| Subtotal Support | $296,061 |
| Gifts, grants, contributions, and membership fees received | $296,061 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $133,258 |
| Total Support | $296,061 |
| Public Support | $296,061 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $0 |
| Gross receipts from related activities, etc. | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | The Masonic Charity Foundation Of Connecticut Inc | PO BOX 70, Wallingford, CT 06492-7001 | CT | 1996-05 | $112,315,194 |
| 2 | Heart Trust Inc | 23 Chapel Ln, Riverside, CT 06878-1615 | CT | 2007-01 | $139,963 |
| 3 | Rett Syndrome Research Trust Inc | 67 Under Cliff Rd, Trumbull, CT 06611-2550 | CT | 2008-02 | $5,662,538 |
| 4 | Ons Foundation For Clinical Research And Education Inc | 6 Greenwich Office Park, Greenwich, CT 06831-5151 | CT | 2008-03 | $449,189 |
| 5 | Kride Inc | 380 Old Farm Road, Somers, CT 06071 | CT | 2010-02 | $139,305 |
| 6 | Connecticut Foundation For Better Health Inc | 234 Church Street No 5th Fl, New Haven, CT 06510-1804 | CT | 2013-08 | $55,461 |
| 7 | Honorine St Jude Golf Classic Inc | 400 Belden Hill Road, Wilton, CT 06897 | CT | 2013-07 | $19,198 |
| 8 | Viscom Foundation Inc | 171 Central St, Bristol, CT 06010-6741 | CT | 2002-11 | $600 |
| 9 | Fletcher Thompson Health And Family Services Foundation Inc | 930 Main Street, Bridgeport, CT 06604 | CT | 2010-03 | $221 |
| 10 | Castles & Chemo Inc | 120 Boswell St, Stratford, CT 06615-6628 | CT | 2014-09 | $0 |
| 11 | Jack Of All Hearts Inc | Pobox 997, Branford, CT 06405 | CT | 2010-08 | $0 |
| 12 | Luck2tuck Foundation | 456 Dublin Rd, Southbury, CT 06488-1835 | CT | 2014-09 | $0 |
| 13 | Miles For Smiles Inc | 44 Sagamore Dr, Seymour, CT 06483 | CT | 2013-03 | $0 |
| 14 | Nhs Class Of 1983 Charitable Fund | 182 Kelsey Street, Newington, CT 06111 | CT | 2009-05 | $0 |
| 15 | Nlcc Guardian Fund Inc | 134 River Road, Essex, CT 06426 | CT | 2005-11 | $0 |
| 16 | Quality Charity Inc | 45 Coyote Trail, Higganum, CT 06441 | CT | 2014-08 | $0 |
| 17 | Riverside Hospital For Children Youth Auxiliary | 915 River Road, Middletown, CT 06457 | CT | 2006-06 | $0 |
| 18 | Rotary District 7980 Gift Of Life Foundation Inc | 120 Promenade Drive, Hamden, CT 06514 | CT | 2007-05 | $0 |
| 19 | Team Mks Fight For A Cure Inc | 26 Caye Road, Danbury, CT 06811 | CT | 2014-09 | $0 |
| 20 | Together For Tiffany Foundation, Together For Tiffany | PO BOX 1005, Greens Farms, CT 06838-1005 | CT | 2011-02 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 1,111 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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