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Rainbow Dreams Educational Foundation

EIN 88-0430382 · Las Vegas, NV

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthFair64 out of 100GovernanceStrong100 out of 100Impact evidenceDescribes programsHow well its results are evidenced

Points to look into

  • Only 13% of its spending went to programs.
  • Raising each dollar of donations cost 65 cents.

These come from the organization's own tax return. There may be a good explanation; ask the charity.

What it says it does

TO STRENGTHEN AND SUPPORT HISTORICALLY UNDER-SERVED COMMUNITIES IN SOUTHERN NEVADA THROUGH EDUCATIONAL AND CULTURAL PROGRAMS AND SERVICES.

Income
$212,407
Spending
$228,506
Spent on programs
13%
Reserves
19.9 months of spending
Largest source of income
donations and private grants, 99%
Employees
0
Volunteers
50

Source: Form 990 for the year ending June 30, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Fair: 64 out of 100. Higher than 28% of charities in its peer group (education, under $250k).

  • Reserves

    35 of 35

    Spendable reserves would cover 19.9 months of spending.

  • Debt

    20 of 20

    It owes 3% of what it owns.

  • Living within its means

    4 of 15

    Spending exceeded income by 8% of income.

  • Income trend

    5 of 15

    Income fell 15% on the year before.

  • Spending floor

    0 of 15

    13% of spending went to programs and raising each dollar of donations cost 65 cents.

Source: Form 990 for the year ending June 30, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 100 out of 100. Higher than 92% of charities in its peer group (education, under $250k).

  • Independent board

    25 of 25

    5 of 5 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending June 30, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (3)
  1. RAINBOW DREAMS ACADEMY CHARTER SCHOOL IS A LEADING PROVIDER OF EARLY CHILDHOOD EDUCATION, FAMILY ENGAGEMENT, AND PROFESSIONAL DEVELOPMENT PROGRAMMING IN CLARK COUNTY, NEVADA. OUR PROGRAM PRIMARILY SERVES AT-RISK YOUTH IN UNDERSERVED COMMUNITIES AND CURRENTLY SUPPORTS MORE THAN 300 STUDENTS IN BOTH PRE-K AND KINDERGARTEN.ESTABLISHED IN 2007 WITH AN INITIAL ENROLLMENT OF JUST 52 STUDENTS, RAINBOW DREAMS ACADEMY CHARTER SCHOOL HAS ALWAYS BEEN COMMITTED TO PROVIDING STUDENTS WITH A STRONG EDUCATIONAL FOUNDATION. OUR FOCUS EXTENDS BEYOND ACADEMICS TO EMBRACING DIVERSITY, ENCOURAGING CULTURAL AND ARTISTIC EXPRESSION, ENGAGING IN COMMUNITY OUTREACH, AND FOSTERING PERSONAL RESPONSIBILITY AND ACCOUNTABILITYALL OF WHICH CONTRIBUTE TO OUR STUDENTS' OVERALL ACADEMIC SUCCESS.RAINBOW DREAMS ACADEMY CHARTER SCHOOL OFFERS A TUITION-FREE, FULL-DAY, STEM-BASED ACADEMIC PROGRAM WITH SMALLER TEACHER-TO-STUDENT RATIOS, ENSURING PERSONALIZED ATTENTION AND SUPPORT. OUR GOAL IS TO NURTURE LIFELONG LEARNERS WHO DEVELOP A PASSION FOR EDUCATION AND ACQUIRE THE NECESSARY SKILLS TO BECOME CONTRIBUTING MEMBERS OF SOCIETY AND FUTURE LEADERS IN THEIR COMMUNITIES.
  2. LAS VEGAS JUNETEENTH FESTIVAL: FOR THE PAST TWO DECADES, THE RAINBOW DREAMS EDUCATIONAL FOUNDATION, WITH THE SUPPORT OF VARIOUS CORPORATE SPONSORS AND COMMUNITY PARTNERS, HAS PROUDLY PRESENTED THE LAS VEGAS JUNETEENTH FESTIVALAN ANNUAL CELEBRATION COMMEMORATING THE NATIONAL JUNETEENTH HOLIDAY. THIS IMPORTANT EVENT CONNECTS VALUABLE COMMUNITY SERVICES TO STUDENTS, THEIR FAMILIES, AND THE BROADER COMMUNITY WHILE HONORING AFRICAN AMERICAN CULTURE AND ITS MANY INVALUABLE CONTRIBUTIONS TO AMERICAN HISTORY. THE JUNETEENTH FESTIVAL IS AN OPPORTUNITY FOR PEOPLE OF ALL BACKGROUNDS AND ETHNICITIES TO COME TOGETHER IN THE SPIRIT OF EDUCATIONAL EQUALITY AND ECONOMIC EMPOWERMENT. THIS FAMILY-FRIENDLY, OPEN-AIR EVENT IS FREE TO THE PUBLIC AND FEATURES LIVE ENTERTAINMENT, MUSIC, DANCE, ART, COMMERCE, AND MORE.
  3. $30,052 spent. RAINBOW DREAMS SCHOLARSHIP PROGRAM: THE RAINBOW DREAMS SCHOLARSHIP PROGRAM PROVIDES FINANCIAL ASSISTANCE TO DESERVING HIGH SCHOOL GRADUATES WHO PLAN TO PURSUE A COLLEGE DEGREE. EACH YEAR, THE RAINBOW DREAMS EDUCATIONAL FOUNDATION AWARDS MONETARY SCHOLARSHIPS OF VARYING AMOUNTS TO SELECTED STUDENTS, HELPING THEM MEET THE FINANCIAL DEMANDS OF HIGHER EDUCATION. THIS SCHOLARSHIP PROGRAM WAS CREATED TO SUPPORT STUDENTS FROM LOWER-INCOME COMMUNITIES WHO MAY LACK THE FINANCIAL RESOURCES NECESSARY TO AFFORD THE RISING COSTS OF COLLEGE.SCHOLARSHIP RECIPIENTS ARE CAREFULLY SCREENED BY A DEDICATED COMMITTEE OF COMMUNITY LEADERS, LOCAL ENTREPRENEURS, AND EDUCATORS, ALL SERVING ON A VOLUNTEER BASIS TO ENSURE THAT SCHOLARSHIPS ARE AWARDED TO THE MOST DESERVING STUDENTS.

Source: Form 990 for the year ending June 30, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending June 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since March 2000.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.