Sunshine and Rainbows Early Learning Center
Nonprofit profile at a glance
- EIN
- 611717600
- IRS 990 coverage
- 2020–2024
- Forms available
- Form 990 2024
- Location
- Allen, TX, USA
- Phone
- 2146442080
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Kindergarten, Preschool, Nursery School, Early Admissions
Reported finances
- Revenue
- $336,330
- Expenses
- $467,292
- Assets
- $522,370
- Liabilities
- $2,828
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Highest reported compensation
- MARET AEBI (DIRECTOR): $35,770 total reported compensation
- JANESSA WILKINS (ASSISTANT DI): $30,647 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of sunshine and rainbows early learning center is to provide a christ-centered, safe, and creative environment that nurtures each child and encourages compassion for others. We support a play-based love of learning while fostering the intellectual, spiritual, social, emotional, and physical growth and development of young children. We promote the growth in each child's god given talents, and abilities, and believe that education is a partnership between parents and teachers.
What it reported doing in 2024
Sunshine and rainbows early learning center, formerly known as rainbow days that was established in 1985, became its own entity in july 2013. The program serves children 2, 3, 4, and 5 years of age, and provides an enriching spiritual, intellectual, social, physical environment that benefits the preschool children, their families, and the surrounding community. We provide a curriculum that aligns with the developmentally appropriate practices developed by the national association for the education of young children. The learning is center based with teacher guidance, thereby encouraging self-discipline, curiosity, creativity, and knowledge mastery of preschool skills. The goals for our preschool are for the children to leave us with a love and curiosity for learning, confidence in their skills, as well as the ability to socialize and form lasting friendships.
Operating model
- Revenue model
- Earned-program. 91% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% 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.
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: 89
- Transparency & Controls: 92
- Accountability: 84
- Sustainability: 25
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- 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: 5 of 8 controls in place; rating input score 62
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- 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: -38.9%; rating input score 7; 7th percentile among comparable filings
- Total-asset coverage ratio: 1.12; rating input score 44; 44th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 49; 49th percentile among comparable filings
- Officer compensation ratio: 14.2%; rating input score 25; 25th percentile among comparable filings
Growth
- Program expense growth: 10.2% per year; rating input score 100; 70th percentile among comparable filings
- Revenue growth: -5.6% per year; rating input score 0; 9th percentile among comparable filings
- Asset growth: 14.3% per year; rating input score 100; 76th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: 5 of 5 board members independent · 5 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $467K in reported program spending
- Leadership: top reported pay $36K · 7 people listed
- Consistency: 23 of 23 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 4 filing years from 2020 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- 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.
- Review — Accountability: Governance controls: 2 of 7 not reported.
- High — Sustainability: Operating margin scored 7/100.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 44/100.
- High — Sustainability: Officer compensation ratio scored 25/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 49/100.