Rainbow Riders Nfp in Monmouth, Illinois (IL)
Table of contents:
| Rainbow Riders Nfp | |
| Employer Identification Number (EIN) | 161747451 |
| Name of Organization | Rainbow Riders Nfp |
| In Care of Name | Joseph Angotti |
| Address | 822 200th Ave, Monmouth, IL 61462-9202 |
| Subsection | Charitable Organization |
| Ruling Date | 09/2006 |
| 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 | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $131,509 |
| Amount of Income | $113,084 |
| Form 990 Revenue Amount | $110,191 |
| National Taxonomy of Exempt Entities (NTEE) | Recreation, Sports, Leisure, Athletics: Equestrian, Riding |
Non-representatives - add comments:
Amount of income in 2013: $113,084 (it was $85,647 in 2012)
| Rainbow Riders Nfp: | $113,084 |
| Other organizations performing similar types of work: | $67,089 |
Assets in 2013: $131,509 (it was $80,333 in 2012)
| Rainbow Riders Nfp: | $131,509 |
| Other organizations performing similar types of work: | $24,756 |
Expenses in 2013: $60,075
| This organization: | $60,075 |
| Other organizations performing similar types of work: | $55,624 |
Income to expenses ratio in 2013: 1.9
| Rainbow Riders Nfp: | 1.9 |
| Other organizations performing similar types of work: | 1.2 |
Grants share in income in 2013: 85.9%
| This organization: | 85.9% |
| Other organizations performing similar types of work: | 21.2% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $74,704 | $85,184 | $110,191 |
| Contributions, gifts, grants, and similar amounts received | $61,777 | $69,510 | $94,616 |
| Program service revenue including government fees and contracts | $7,820 | $7,793 | $8,237 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $0 | $54 | $116 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $-1,148 |
| Gross amount from sale of assets other than inventory | $0 | $0 | $200 |
| Less: cost or other basis and sales expenses | $0 | $0 | $1,348 |
| Net income/loss from gaming and fundraising events | $5,030 | $7,770 | $7,191 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $5,358 | $8,233 | $8,736 |
| Less: direct expenses from gaming and fundraising events | $328 | $463 | $1,545 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $77 | $57 | $1,179 |
| Total expenses | $48,857 | $51,549 | $60,075 |
| Total net assets | $46,501 | $80,137 | $130,253 |
| Excess/Deficit for the year | $25,847 | $33,635 | $50,116 |
| Net assets or fund balances at beginning of year | $43,553 | $46,502 | $80,137 |
| Other changes in net assets or fund balances | $-22,899 | $0 | $0 |
| Net assets or fund balances at end of year | $80,137 | $130,253 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $53,716 | $80,333 | $131,509 |
| Total liabilities | $7,215 | $196 | $1,256 |
| Net assets or fund balances | $46,501 | $80,137 | $130,253 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | 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 | |
| Total amount involved | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $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 | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public support | $421,463 |
| Subtotal | $421,463 |
| Gifts, grants, contributions, and membership fees received | $383,354 |
| Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $38,109 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $0 |
| 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 |
| Less | $0 |
| Amounts received from disqualified persons | $0 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $451,338 |
| Public support | $421,463 |
| Subtotal | $0 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $27,010 |
| Other income | $2,865 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | World Games 2010 Foundation Inc | 250 W Main St Ste 1400, Lexington, KY 40507-1721 | KY | 2007-02 | $2,649,947 |
| 2 | Valley Oaks Ranch Inc | 36875 Mesa Rd, Temecula, CA 92592-8626 | CA | 1999-10 | $1,693,070 |
| 3 | Washington State Hunters & Jumpers Association | 23929 22nd Dr Se, Bothell, WA 98021-9626 | WA | 1999-07 | $1,263,916 |
| 4 | Omaha Equestrian Foundation | 1004 Farnam St Ste 400, Omaha, NE 68102-1885 | NE | 2011-01 | $910,289 |
| 5 | Makers Mark Secretariat Center | 4089 Iron Works Pkwy, Lexington, KY 40511-8483 | KY | 2012-02 | $524,414 |
| 6 | Trinity Equestrian Center Kids Kamp Inc | S5300 State Road 37, Eau Claire, WI 54701-8628 | WI | 2005-02 | $478,522 |
| 7 | Take Flight Farms Inc | 1004 Farnam St Ste 400, Omaha, NE 68102-1885 | NE | 2002-06 | $426,339 |
| 8 | Central Florida Hunter & Jumper Assoc Inc | 12017 Brewster Dr, Tampa, FL 33626-2501 | FL | 2010-08 | $370,077 |
| 9 | Wahset, Wa High School Equestrian Teams | PO BOX 469, Camas, WA 98607-0469 | WA | 2007-10 | $368,614 |
| 10 | Darien Dynamo Soccer Club | 625 Plainfield Rd Ste 130, Willow Brook, IL 60527-5356 | IL | 2006-03 | $336,586 |
| 11 | International Academy For Equestrian Studies Inc | 200 World Trade Center Ste 939, Chicago, IL 60654 | IL | 2002-01 | $194,054 |
| 12 | Rainbow Riders Nfp | 822 200th Ave, Monmouth, IL 61462-9202 | IL | 2006-09 | $113,084 |
| 13 | Changing Tracks | 2731 E 2625 Road, Marseilles, IL 61341 | IL | 2008-08 | $0 |
| 14 | Chicago Equestrians For A Cause | 876 Lane Lorraine, Lake Forest, IL 60045 | IL | 2014-09 | $0 |
| 15 | Dewitt County Town & Country Riding Club | 7563 Sawmill Road, Xlinton, IL 61727-8973 | IL | 2014-08 | $0 |
| 16 | Fuhaha Youth Soccer Organization Nfp | 750 Pearson 211, Des Plaines, IL 60016 | IL | 2009-02 | $0 |
| 17 | Heartland Equine Assisted Therapy Center Inc | 22531 Prophet Rd, Rock Falls, IL 61071-9632 | IL | 2001-09 | $0 |
| 18 | Illinois Junior Rodeo Association | PO BOX 740, Decatur, IL 62525-0740 | IL | 2000-01 | $0 |
| 19 | Wayne City Saddle Club Inc | Po Box 28, Wayne City, IL 62895 | IL | 2006-11 | $0 |
| 20 | Will-Cook-Kankakee Youth Association | 18116 Loomis Avenue, Homewood, IL 60430 | IL | 2008-12 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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