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Rainbow Gymnastics Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Recreation, Sports, Leisure, Athletics / Amateur Sports Clubs, Leagues, N.E.C. (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$321k (2023)

Expenses
$171k (2023)

Total Assets
$540k (2023)

Total Liabilities
$227k (2023)

Source: Form 990 tax filings from 2017 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Aug.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$320,761
Expenses
$171,329
Net Income
$149,432
Net Assets
$313,097
Notable Sources of Revenue Percent of Total Revenue
Contributions $129,549
40.4%
Program Services $185,832
57.9%
Investment Income $30
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $5,235
1.6%
Net Fundraising $31
0.0%
Sales of Assets $0
Net Inventory Sales $84
0.0%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $72,672
42.4%
Assets/Debt
Total Assets $540,155
Total Liabilities $227,058
Net Assets $313,097
Compensation
Key Employees and Officers Compensation Related Other
Michelle Grant (Secretary) $0 $0 $0
Nancy Schaefer (Treasurer) $0 $0 $0
Jessica Frahman (President) $0 $0 $0
Billy Hartwig (Vice President) $0 $0 $0

Document Links

Fiscal Year Ending Aug.
2022

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$187,627
Expenses
$165,089
Net Income
$22,538
Net Assets
$163,665
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,744
0.9%
Program Services $168,296
89.7%
Investment Income $58
0.0%
Net Fundraising $29
0.0%
Sales of Assets $0
Net Inventory Sales $68
0.0%
Other Revenue $17,432
9.3%
Assets/Debt
Total Assets $435,642
Total Liabilities $271,977
Net Assets $163,665
Compensation
Key Employees and Officers Compensation Other
Lisa Carbaugh (Board Member) $0 $0
Dave Koester (Board Member) $0 $0

Document Links

Fiscal Year Ending Aug.
2021

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$146,281
Expenses
$139,380
Net Income
$6,901
Net Assets
$440,191
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,906
2.7%
Program Services $136,354
93.2%
Investment Income $56
0.0%
Net Fundraising $967
0.7%
Sales of Assets $0
Net Inventory Sales $73
0.0%
Other Revenue $4,925
3.4%
Assets/Debt
Total Assets $440,191
Total Liabilities $0
Net Assets $440,191
Compensation
Key Employees and Officers Compensation Other
Karen Wegerer (President) $0 $0
Joy Ryskoski (Vice President) $0 $0
Kristie Ulrich (Secretary) $0 $0
Nancy Schaefer (Treasurer) $0 $0

Document Links

Fiscal Year Ending Aug.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$152,852
Expenses
$150,747
Net Income
$2,105
Net Assets
$134,226
Notable Sources of Revenue Percent of Total Revenue
Contributions $38,001
24.9%
Program Services $109,861
71.9%
Investment Income $110
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $4,500
2.9%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $380
0.2%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $51,189
34.0%
Assets/Debt
Total Assets $433,290
Total Liabilities $299,064
Net Assets $134,226
Compensation
Key Employees and Officers Compensation Related Other
Brent Arndt (President) $0 $0 $0
Billie Hartwig (Vice President) $0 $0 $0
Kristie Ulrich (Secretary) $0 $0 $0
Nancy Schaefer (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Aug.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$237,614
Expenses
$202,451
Net Income
$35,163
Net Assets
$132,121
Notable Sources of Revenue Percent of Total Revenue
Contributions $12,599
5.3%
Program Services $219,111
92.2%
Investment Income $191
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $4,000
1.7%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $1,713
0.7%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $77,345
38.2%
Assets/Debt
Total Assets $489,414
Total Liabilities $357,293
Net Assets $132,121
Compensation
Key Employees and Officers Compensation Related Other
Karen Wegerer (President) $0 $0 $0
Joy Ryskoski (Vice President) $0 $0 $0
Kristie Ulrich (Secretary) $0 $0 $0
Nikki Dejong (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Aug.
2018

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$192,604
Expenses
$147,791
Net Income
$44,813
Net Assets
$96,958
Notable Sources of Revenue Percent of Total Revenue
Contributions $29,136
15.1%
Program Services $156,372
81.2%
Investment Income $28
0.0%
Net Fundraising $417
0.2%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $6,440
3.3%
Assets/Debt
Total Assets $468,528
Total Liabilities $371,570
Net Assets $96,958

Document Links

Fiscal Year Ending Aug.
2017

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$135,724
Expenses
$83,579
Net Income
$52,145
Net Assets
$52,145
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,127
1.6%
Program Services $112,687
83.0%
Investment Income $266
0.2%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $19,500
14.4%
Assets/Debt
Total Assets $473,202
Total Liabilities $421,057
Net Assets $52,145
Compensation
Key Employees and Officers Compensation Other
Karen Wegerer (President) $0 $0
Joy Ryskoski (Vice President) $0 $0
Kristie Ulrich (Secretary) $0 $0
Nikki Dejong (Treasurer) $0 $0

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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