GOLD2024

RAINBOW RACES INCORPORATED

Promoting equality through sailing and boating

CHICAGO, IL   |  https://rainbowraces.org/

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GuideStar Charity Check

RAINBOW RACES INCORPORATED

EIN: 83-3572199


Mission

Connect the LGBTQ+ community and allies while promoting equality through sailing by conducting inclusive nautical educational and training, hosting and participating in marine events, and leading community outreach.

Ruling year info

2024

President

Charles Szymanski

Main address

7645 S SOUTH SHORE DRIVE

CHICAGO, IL 60649 USA

Show more contact info

EIN

83-3572199

Subject area info

Community recreation

Boating

LGBTQ rights

Diversity and intergroup relations

Public affairs

Population served info

Adults

LGBTQ people

Women

Men

Ethnic and racial groups

Show more populations served

NTEE code info

Fund Raising and/or Fund Distribution (W12)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990-N.

Tax forms

Show Forms 990

Communication

Programs and results

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Rainbow Regatta

Rainbow Regatta Chicago

A casual sailboat regatta that is governed by US Sailing rules and regulations, and will follow PHRF ratings. It is open to all sailors and encourages those interested in sailing to join. It aims to be a fun evening on the water that builds friendships, encourages equality, and has a vibrant after party.

Population(s) Served
LGBTQ people

We are the only US Sailing accredited LGBTQ sailing school in the country. Our mission is to diversify the sport, and create a more inclusive environment. We work with various minority LGBTQ groups to offer the lowest priced sailing classes in the Chicagoland area. Participants can earn their US Sailing Basic Keelboat certification from us after successful completion of our US Sailing approved course.

Population(s) Served
Ethnic and racial groups
Women and girls
LGBTQ people
Men and boys
Economically disadvantaged people

Where we work

Financials

RAINBOW RACES INCORPORATED
Fiscal year: Jan 01 - Dec 31

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Financial data

SOURCE: IRS Form 990

RAINBOW RACES INCORPORATED

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

RAINBOW RACES INCORPORATED

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Form 1023/1024 is not available for this organization

President

Charles Szymanski

RAINBOW RACES INCORPORATED

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

RAINBOW RACES INCORPORATED

Board of directors
as of 04/25/2024
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Charles Szymanski

Charles SZYMANSKI

Patrick Burks

Jori Ford

Victor Tousignant

Brendan Rathbone-Desch

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Not applicable
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Not applicable
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Not applicable
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? Not applicable

Organizational demographics

SOURCE: Self-reported; last updated 4/25/2024

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
Multi-Racial/Multi-Ethnic (2+ races/ethnicities)
Gender identity
Male, Not transgender
Sexual orientation
Gay, Lesbian, Bisexual, or other sexual orientations in the LGBTQIA+ community
Disability status
Person with a disability

Race & ethnicity

Gender identity

Transgender Identity

Sexual orientation

Disability

Equity strategies

Last updated: 01/17/2022

GuideStar partnered with Equity in the Center - an organization that works to shift mindsets, practices, and systems to increase racial equity - to create this section. Learn more

Data
  • We ask team members to identify racial disparities in their programs and / or portfolios.
  • We analyze disaggregated data and root causes of race disparities that impact the organization's programs, portfolios, and the populations served.
  • We disaggregate data to adjust programming goals to keep pace with changing needs of the communities we support.
  • We employ non-traditional ways of gathering feedback on programs and trainings, which may include interviews, roundtables, and external reviews with/by community stakeholders.
  • We disaggregate data by demographics, including race, in every policy and program measured.
  • We have long-term strategic plans and measurable goals for creating a culture such that one’s race identity has no influence on how they fare within the organization.
Policies and processes
  • We use a vetting process to identify vendors and partners that share our commitment to race equity.
  • We have a promotion process that anticipates and mitigates implicit and explicit biases about people of color serving in leadership positions.
  • We seek individuals from various race backgrounds for board and executive director/CEO positions within our organization.
  • We have community representation at the board level, either on the board itself or through a community advisory board.
  • We help senior leadership understand how to be inclusive leaders with learning approaches that emphasize reflection, iteration, and adaptability.
  • We measure and then disaggregate job satisfaction and retention data by race, function, level, and/or team.
  • We engage everyone, from the board to staff levels of the organization, in race equity work and ensure that individuals understand their roles in creating culture such that one’s race identity has no influence on how they fare within the organization.