Rainbow School and Day Care Center Inc

Nonprofit profile at a glance

EIN
840747586
IRS 990 coverage
2011–2024
Forms available
Form 990 2024
Location
Telluride, CO, USA
Phone
7202844043
Rating
84
Verdict
STRONG
Rating confidence
Moderate

Official website

Reported finances

Revenue
$675,230
Expenses
$682,579
Assets
$534,622
Liabilities
$11,257

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • LEAH ROMAN (PRESIDENT)
  • SARAH ENDERS (VICE PRESIDENT)

Highest reported compensation

  • MEGAN BERRY (PROGRAM DIRECTOR): $102,777 total reported compensation
  • BROOKE NAPIER (PROGRAM DIRECTOR): $79,250 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

See schedule o

What it reported doing in 2024

The rainbow preschool organization consists of three early childhood education programs: rascals toddler program, rainbow preschool and rockies school age program. Rascals serves children ages 1-3 and takes up to 10 kids a day. Rainbow preschool serves children ages 2 years and 9 months to 5 and takes up to 16 kids a day. Rockies school age program serves children ages 5-8, takes up to 20 kids a day and is both an after school program and summer ca, this past year, rainbow, rockies and rascals received scholarship funding from temple hoyne buell foundation, strong start and just for kids as well as funding for enrichment programs through ccaase. In the past year, all rrr staff completed their professional development coursework. The rainbow lead teacher completed ece 101 and 103. Rainbow preschool assessed and documented all of their children last year through the teaching strategies gold assessment program through Colorado shines. Two teachers at rainbow preschool have reached high fidelity through being assessed with the tpot tool in rating their ability to use the pyramid model in the classroom. Rainbow and rockies have children in their programs that use cccap funds and we partner with san miguel social services to coordinate the funds for this. Rainbow preschool is proud to announce that we went through the Colorado shines rating process in the spring of 2023 and received a level 5 rating, the highest level you can achieve! We are planning on going through the rating process yet again this march.our organization gave over $20,000 in scholarship funds to 17 families in all three of our programs from september 2023-september 2024. The rainbow preschool organization gave two $1,000 scholarships to graduating seniors from ths who were alumni of rainbow preschool. Scholarship materials and registrations for rockies and rainbow have been translated into spanish with the help of tri- county health. All three programs now use google translate and translators from tri-county health to communicate with spanish speaking parents. Rainbow, rockies and rascals raised over $44,000 at our silent/live auction fundraiser this past spring and we have added another fall fundraiser, which is a halloween themed bingo party in late october! Rainbow, rockies and rascals is dedicated to being an inclusive and diverse organization. All programs outreach to the local hispanic community by partnering with tri-county health for translation services when needed as well as san miguel social services. All programs have translated their registration paperwork and utilize google translate for all email communication. Rrr is proud to have 4% of our students in our programs from the latino community.

Operating model

Revenue model
Earned-program. 75% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 93% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 87
  • Transparency & Controls: 94
  • Accountability: 69
  • Sustainability: 34
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 86.9%; rating input score 87
  • Program expense ratio: 85.8%; rating input score 86
  • Fundraising efficiency: $338.62 raised per $1 spent on fundraising; rating input score 94; 94th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 2 of 8 controls in place; rating input score 25
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -1.1%; rating input score 32; 32nd percentile among comparable filings
  • Total-asset coverage ratio: 0.78; rating input score 35; 35th percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 62; 62nd percentile among comparable filings
  • Officer compensation ratio: 26.7%; rating input score 9; 9th percentile among comparable filings

Growth

  • Program expense growth: 0.6% per year; rating input score 100; 20th percentile among comparable filings
  • Revenue growth: 1.2% per year; rating input score 100; 20th percentile among comparable filings
  • Asset growth: 13.5% per year; rating input score 100; 69th percentile among comparable filings

Details

  • Where the money goes: 86.9% of revenue deployed · 85.8% of spending went to programs
  • Governance: 9 of 9 board members independent · 2 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $586K in reported program spending
  • Leadership: top reported pay $103K · 9 people listed
  • Consistency: 31 of 31 current checks pass
  • Schedules: 7 filed schedules · includes major donors and grants
  • Filing history: 14 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Accountability: Governance controls: 5 of 7 not reported.
  • Moderate — Sustainability: Operating margin scored 32/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 35/100.
  • High — Sustainability: Officer compensation ratio scored 9/100.