THE RAINBOW PROJECT INC

EIN: 391422626 501(c)(3)

MADISON, WI

Total Revenue
$2,134,166
Total Expenses
$1,415,553
Total Assets
$3,267,618
Net Assets
$2,925,049
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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
WI
Principal Officer
SHARYL KATO
Phone
6082557356
Tax Period
2023-01-01 to 2023-12-31

THE RAINBOW PROJECT INC, founded in 1982, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $719K, a strong 34% operating margin.

Mission

THE RAINBOW PROJECT PROVIDES RESTORATIVE HEALING AND HOPE FOR YOUNG CHILDREN AND THEIR FAMILIES WHO HAVE EXPERIENCED TRAUMA, HELPING THEM BUILD A FOUNDATION FOR THE MASTERY OF LIFE SUSTAINING SKILLS.

Program Service Accomplishments

Program 1
Expenses: $774,950 Revenue: $109,483

EARLY INTERVENTION AND PREVENTION SERVICES - A CORE PROJECT PROGRAM THAT INCLUDES A COMPREHENSIVE, INDIVIDUALIZED SERVICE MODEL WHICH PROVIDES ASSESSMENT, REFERRAL ADVOCACY, PLAY THERAPY, PARENT...

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EARLY INTERVENTION AND PREVENTION SERVICES - A CORE PROJECT PROGRAM THAT INCLUDES A COMPREHENSIVE, INDIVIDUALIZED SERVICE MODEL WHICH PROVIDES ASSESSMENT, REFERRAL ADVOCACY, PLAY THERAPY, PARENT EDUCATION, INDIVIDUAL AND FAMILY THERAPY, IN-HOME SERVICES AND CONSULTATION IN DAYCARES, SCHOOLS AND FOSTER HOMES.

Program 2
Expenses: $31,657

CONSULTATION, OBSERVATION, RESOURCES & EDUCATION (CORE) PROJECT - THERAPISTS PARTNER WITH EARLY CHILDHOOD EDUCATORS AND CHILD CARE PROVIDERS OFFERING IN-DEPTH TRAINING, SUPPORT, AND CONSULTATION FOR...

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CONSULTATION, OBSERVATION, RESOURCES & EDUCATION (CORE) PROJECT - THERAPISTS PARTNER WITH EARLY CHILDHOOD EDUCATORS AND CHILD CARE PROVIDERS OFFERING IN-DEPTH TRAINING, SUPPORT, AND CONSULTATION FOR SELECTED DAYCARE CENTERS. THE PURPOSE OF THIS SPECIAL PROGRAM IS TO HELP PREVENT FUTURE, MORE SERIOUS PROBLEMS FROM OCCURING WITH THE CHILDREN AND FAMILIES THEY SERVE.

Program 3
Expenses: $105,388

RAINBOW RAPID RESPONSE TEAM (RRR) - THE SPECIAL TEAM PROVIDES IMMEDIATE RESPONSE AND SUPPORT FOR CHILDREN AND FAMILIES INVOLVED IN COMMUNITY VIOLENCE AND/OR TRAUMA CRISIS SITUATIONS. RRR PROVIDES...

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RAINBOW RAPID RESPONSE TEAM (RRR) - THE SPECIAL TEAM PROVIDES IMMEDIATE RESPONSE AND SUPPORT FOR CHILDREN AND FAMILIES INVOLVED IN COMMUNITY VIOLENCE AND/OR TRAUMA CRISIS SITUATIONS. RRR PROVIDES FIRST RESPONSE SERVICES, INCLUDING CRISIS SUPPORT, TRAUMA SCREENING, REFERRAL, AND FOLLOW-UP TO ENSURE STABILIZATION FOR CHILDREN AND FAMILIES. THE TEAM ALSO PROVIDES TRAUMA FOCUSED TRAINING PRESENTATIONS TO HELP RAISE AWARENESS AND UNDERSTANDING IN THE COMMUNITY OF BEST PRACTICE RESPONSES TO TRAUMA.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,026,282
Program Service Revenue $109,102
Investment Income $25,186
Other Revenue $-26,404
TOTAL REVENUE $2,134,166

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,038,919
Fundraising Expenses $131,666
Program Expenses $940,979
Other Expenses $376,634
TOTAL EXPENSES $1,415,553

Year-over-Year Comparison

2023 2022 Change
Revenue $2,134,166 $1,810,629 +0.2%
Expenses $1,415,553 $1,308,924 +0.1%
Net Income $718,613 $501,705 +0.4%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
9
Independent Members
8
Employees
21
Volunteers
38

Governance Policies

✓ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$124,886
Total Directors
9
$124,886
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CAROLA GAINS PRESIDENT 1.00
Officer Director
$0 $0 $0
TREATER PRESTINE VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
IAN CARROLL SECRETARY 1.00
Officer Director
$0 $0 $0
MICHELLE VASSALLO TREASURER 1.00
Officer Director
$0 $0 $0
SHARYL KATO EXECUTIVE DIRECTOR 40.00
Officer Director
$116,795 $8,091 $124,886
ROBIN VALLEY MASSEY MEMBER 1.00
Director
$0 $0 $0
LAURA HOUSER MEMBER 1.00
Director
$0 $0 $0
MEE SOON LANGOHR MEMBER 1.00
Director
$0 $0 $0
ALYSSA CORIELL SCHULTZ MEMBER 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $2,134,166 $1,415,553 $3,267,618 $718,613
2022 $1,810,629 $1,308,924 $2,543,966 $501,705
2021 $1,677,321 $1,373,197 $2,101,326 $304,124
2020 $1,528,762 $1,202,406 $1,738,778 $326,356
2019 $1,082,599 $1,004,528 $1,421,620 $78,071
2018 $981,968 $968,699 $1,318,685 $13,269
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