Liabilities / Assets
96th percentile
Higher debt load relative to assets than 96% of similar nonprofits.
Rainbow Festival Inc
EIN 37-1719106 • 501(c)3 • Sacramento, CA
Profile
Rainbow Festival is an LGBTQ Community Block Party Fundraiser held Annually at the intersection of 20th and K streets in Midtown Sacramento, Labor Day Weekend.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
2.45x
Liabilities / Revenue
97th percentile
Higher debt load relative to revenue than 97% of similar nonprofits.
Net Margin
42nd percentile
Higher net margin than 42% of similar nonprofits.
Top Officer Pay
81st percentile
Higher top officer pay than 81% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
51st percentile
Faster asset growth than 51% of similar nonprofits.
Revenue Growth
68th percentile
Faster revenue growth than 68% of similar nonprofits.
Balance Sheet
Assets
Down$37,911
Down $14,692 (-28%) from 2022
Liabilities
Up$143,326
Up $7,427 (+5.5%) from 2022
Net Assets
Down-$105,415
Down $22,119 (-27%) from 2022
Revenue
Up$60,370
Up $12,534 (+26%) from 2022
Expenses
Up$82,489
Up $28,296 (+52%) from 2022
Net Income
Down-$22,119
Down $15,762 (-248%) from 2022
Trend Graphs
Filings
Most recent year
2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $37,911
- Liabilities
- $143,326
- Net assets
- -$105,415
- Revenue
- $60,370
- Expenses
- $82,489
- Net income
- -$22,119
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2023 to Dec 31, 2023
- Signed
- Aug 26, 2024
- Return Version
- 2023v5.1
- Gross Receipts
- $60,370
Mission and Program Overview
Mission
Rainbow Festival is an LGBTQ Community Block Party Fundraiser held Annually at the intersection of 20th and K streets in Midtown Sacramento, Labor Day Weekend.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| The annual Sacramento Rainbow Festival continued this year. The Festival is a yearly fundraising event which takes place at the corner of 20th & K streets, Sacramento, in the heart of Lavender Heights. Charitable donations totaling $56,000 were made out of the proceeds from the Festival. | $56,000 | $81,839 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Myron Sidie | President & CEO | PT | $0 | - | - |
| Richard Boriolo | Secretary | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Rainbow Festival Inc
- EIN
- 37-1719106
- Phone
- 9164487798
- Address
- 2000 K Street, Sacramento, CA 95811
Signing Officer
- Name
- Myron Sidie
- Title
- President & CEO
- Signed
- 2024-08-26
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Richard Watson Jr CPA
- Address
- 8 Metro Lane, Sacramento, CA 95816
- Preparer
- Richard Watson
- Phone
- 9166060552
Supplemental Narrative
Additional Explanations
Grants and Similar Amounts Paid In Excess of $5,000.1
“Class of Activity: Donation | Donee's Name: International Imperial Court Council | Donee's Address: PO Box 422576 San Francisco CA 94142 | Relationship of Donee: none | Cash Amount Given: $20500”
Grants and Similar Amounts Paid In Excess of $5,000.9
“| Donee's Name: Legacy Sports | Donee's Address: 2000 K Street Sacramento CA 95811 | Cash Amount Given: $10000”
Grants and Similar Amounts Paid In Excess of $5,000.10
“| Donee's Name: Amounts $1,000 or less | Donee's Address: 2000 K Street Sacramento CA 95811 | Relationship of Donee: none | Cash Amount Given: $7500”
Other Assets.1005
“Accounts Receivable - Beginning $3000 Accounts Receivable - Ending $4000”
Other Assets.1
“Security deposit - Beginning $6720 Security deposit - Ending $6720”
Total Liabilities.1001
“Accounts Payable and Accrued Expenses - Beginning $0 Accounts Payable and Accrued Expenses - Ending $2428”
Total Liabilities.1006
“Payable to Officers, Directors, Etc. - Beginning $135899 Payable to Officers, Directors, Etc. - Ending $140898”
Raw XML Appendix161 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | Myron Sidie |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 9164487798 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 2000 K Street |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | Sacramento |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | CA |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 95811 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 42883 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 27191 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/CostOfGoodsSoldAmt | 0 | 0 |
| IRS990EZ/CostOrOtherBasisExpenseSaleAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -22119 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 26489 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 52603 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 37911 |
| IRS990EZ/FundraisingGrossIncomeAmt | 0 | 0 |
| IRS990EZ/GrantsAndSimilarAmountsPaidAmt | 0 | 56000 |
| IRS990EZ/GrossReceiptsAmt | 0 | 60370 |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | -83296 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | -105415 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | -83296 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | -105415 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 5.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | Myron Sidie |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | Richard Boriolo |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | President & CEO |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | Secretary |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 9720 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 10720 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | Rainbow Festival is an LGBTQ Community Block Party Fundraiser held Annually at the intersection of 20th and K streets in Midtown Sacramento, Labor Day Weekend. |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 60370 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | The annual Sacramento Rainbow Festival continued this year. The Festival is a yearly fundraising event which takes place at the corner of 20th & K streets, Sacramento, in the heart of Lavender Heights. Charitable donations totaling $56,000 were made out of the proceeds from the Festival. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 56000 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 81839 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SpecialEventsDirectExpensesAmt | 0 | 0 |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | CA |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 135899 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 143326 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TaxImposedOnOrganizationMgrAmt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4911Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4912Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4955Amt | 0 | 0 |
| IRS990EZ/TaxReimbursedByOrganizationAmt | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 82489 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 81839 |
| IRS990EZ/TotalRevenueAmt | 0 | 60370 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt | 0 | 7559 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 27907 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 5000 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 32834 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 73300 |
| IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt | 0 | 60370 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt | 0 | 40277 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt | 0 | 79832 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt | 0 | 64123 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt | 0 | 244602 |
| IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0.00000 |
| IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/OtherIncome509Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/Post1975UBTIGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 0.98250 |
| IRS990ScheduleA/PublicSupportPY509Pct | 0 | 0.98390 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 312343 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt | 0 | 2559 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt | 0 | 3000 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt | 0 | 5559 |
| IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt | 0 | 2559 |
| IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt | 0 | 3000 |
| IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt | 0 | 5559 |
| IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind | 0 | X |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 60370 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 47836 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 107739 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 5000 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 96957 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 317902 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 60370 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt | 0 | 47836 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt | 0 | 107739 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt | 0 | 5000 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt | 0 | 96957 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 317902 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Class of Activity: Donation | Donee's Name: International Imperial Court Council | Donee's Address: PO Box 422576 San Francisco CA 94142 | Relationship of Donee: none | Cash Amount Given: $20500 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | | Donee's Name: Legacy Sports | Donee's Address: 2000 K Street Sacramento CA 95811 | Cash Amount Given: $10000 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | | Donee's Name: Amounts $1,000 or less | Donee's Address: 2000 K Street Sacramento CA 95811 | Relationship of Donee: none | Cash Amount Given: $7500 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | Accounts Receivable - Beginning $3000 Accounts Receivable - Ending $4000 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | Security deposit - Beginning $6720 Security deposit - Ending $6720 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | Accounts Payable and Accrued Expenses - Beginning $0 Accounts Payable and Accrued Expenses - Ending $2428 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | Payable to Officers, Directors, Etc. - Beginning $135899 Payable to Officers, Directors, Etc. - Ending $140898 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Grants and Similar Amounts Paid In Excess of $5,000.1 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Grants and Similar Amounts Paid In Excess of $5,000.9 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Grants and Similar Amounts Paid In Excess of $5,000.10 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Other Assets.1005 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Other Assets.1 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Total Liabilities.1001 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | Total Liabilities.1006 |
| ReturnHeader/BuildTS | 0 | 2024-08-08 14:25:15Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | Myron Sidie |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | President & CEO |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2024-08-26 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | Rainbow Festival Inc |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | RAIN |
| ReturnHeader/Filer/EIN | 0 | 371719106 |
| ReturnHeader/Filer/PhoneNum | 0 | 9164487798 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 2000 K Street |
| ReturnHeader/Filer/USAddress/CityNm | 0 | Sacramento |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | CA |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 95811 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | true |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | Richard Watson Jr CPA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 8 Metro Lane |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | Sacramento |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | CA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 95816 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 9166060552 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | Richard Watson |
| ReturnHeader/PreparerPersonGrp/SelfEmployedInd | 0 | X |
| ReturnHeader/ReturnTs | 0 | 2024-08-28T09:25:39-07:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2023-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2023-12-31 |
| ReturnHeader/TaxYr | 0 | 2023 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.