Sidney Mae Olson Rainbow Fund Inc
Nonprofit profile at a glance
- EIN
- 932291456
- IRS 990-EZ coverage
- 2023–2024
- Forms available
- Form 990-EZ 2024
- Location
- Andover, MA, USA
- Phone
- 3035963764
- Rating
- 93
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Scholarships, Student Financial Aid Services, Awards
Reported finances
- Revenue
- $21,208
- Expenses
- $5,668
- Assets
- $114,214
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- ERIC OLSON (PRESIDENT/DIRECTOR)
- MARY BETH ELLIS (VICE PRESIDENT/DIRECTOR)
People named in this filing
- LINDA SHOTTES BOUCHARD (DIRECTOR)
- ERIC OLSON (PRESIDENT/DIRECTOR)
- MARY BETH ELLIS (VICE PRESIDENT/DIRECTOR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Inspired by the legacy of 5-year-old sidney olson, our mission to make every Massachusetts community a place where kids feel free to walk, run, bike, and roll. We give a voice to the vulnerable in the fight for safer streets and vehicles - and open doors for kids to embrace healthy lifestyles early in life. The missions of the sidney mae olson rainbow fund are to help families in the new england area realize their full potential by providing access to and funding for (i) curiosity-based educational programs, including full-time and part-time schooling and camps, (ii) public-safety programs with a focus on pedestrian and cyclist safety for vulnerable populations, and (iii) amateur sports programs intended to foster a love of running, biking and swimming. In furtherance of such purposes, the corporation shall have the same powers as an individual to do all things necessary or convenient to carry out the purposes.
What it reported doing in 2024
The organization holds a variety of classes and events as well as attending farmers markets.the proceeds are used to provide additional services in the community. During 2024 including running programs, community events and street safety events,
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filed totals do not add up and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 91
- Transparency & Controls: 100
- Sustainability: 88
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 84.6%; rating input score 85
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 73.3%; rating input score 96; 96th percentile among comparable filings
- Total-asset coverage ratio: 20.15; rating input score 96; 96th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 200% per year; rating input score 100; 100th percentile among comparable filings
- Revenue growth: -129.9% per year; rating input score 0; 1st percentile among comparable filings
- Asset growth: 14.6% per year; rating input score 100; 80th percentile among comparable filings
Details
- Where the money goes: 84.6% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $18K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 7 of 8 current checks pass · 1 finding to review
- Schedules: 4 filed schedules
- Filing history: 2 filing years from 2023 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- 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.
- Moderate — Transparency & Controls: Part III program expenses within total did not reconcile in the filed values.
- High — Growth: Revenue growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.