RAINBOW RACES INCORPORATED
CHICAGO,
Illinois,
60649
EIN: 83-3572199
Community Improvement, Capacity Building
MISSION
This corporation is being formed to support the LGBTQ community through boating and sailing oriented fundraising events and donations. It will accomplish this by distributing said funds to registered 501c3 organizations which align with our mission.
FORM 1023-EZ for RAINBOW RACES INCORPORATED
WEBSITE: HTTPS://RAINBOWREGATTACHICAGO.COM/DEMOGRAPHIC
ADDRESS
7645 S SOUTH SHORE DR APT 3
60649
COUNTY
cook county, IL
IN CARE OF NAME
CHARLES SZYMANSKI
ORGANIZATIONAL OVERVIEW & RANKINGS
RAINBOW RACES INCORPORATED is a based in CHICAGO, IL, focused on Community Improvement, Capacity Building causes , specifically Community, Neighborhood Development, Improvement (General). Established in March 2024, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $0.00, this ranks 1,160,754 among 2,656,690 nonprofits nationally (Top 44%), demonstrating moderate financial capacity relative to its peers. At the state level, it stands at 52,821 out of 106,037 organizations in IL (Top 50%).
In cook county, IL, the organization ranks 30,003 out of 46,103 nonprofits by assets (Top 66%), while locally in chicago, it stands at 13,836 among 28,197 organizations (Top 50%).
The organization reported no revenue in the most recent filing period, placing it at 1,750,728 nationally and 63,808 in IL.
Within its specific NTEE classification (S20 - S: Community Improvement, Capacity Building), which includes 19,834 similar organizations, RAINBOW RACES INCORPORATED ranks 14,206 in assets (Top 72%) and 11,859 in revenue (Top 60%).
Note: This organization's tax-exempt status was temporarily revoked on May 15, 2022 and was reinstated on August 15, 2023 .
The organization files a 990 - Required to file Form 990-N - Income less than $25,000 per year and operates on a November fiscal year. Additional information can be found at HTTPS://RAINBOWREGATTACHICAGO.COM/.
CLASSIFICATION
ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
N/A
NTEE COMMON CODE
S: Community Improvement, Capacity Building
NTEE CODE
S20: Community, Neighborhood Development, Improvement (General)
FOUNDATION CODE
16: Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes. 509(a)(2)
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
Revoked: Sunday, May 15, 2022;
Reinstated: Tuesday, August 15, 2023
TAX PERIOD
12/2023
ACCOUNTING PERIOD
12
INCOME CODE
N/A
INCOME AMOUNT
$0.00
FORM 990 REVENUE AMOUNT
$0.00
RULING DATE
03/2024
ASSET CODE
N/A
ASSET AMOUNT
$0.00
FILING REQUIREMENT CODE
990 - Required to file Form 990-N - Income less than $25,000 per year
PF FILING REQUIREMENT CODE
No 990-PF return
Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.
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