Rainbow Serpent Inc

“Organization's process to review form 990: prior to filing form 990 a detail review of the form 990 performed by the co-founders/executive directors. The full board of directors receives a copy of the form 990 for review prior to it being filed with the irs.”

“Governing documents disclosure explanation: governing documents, conflicts of interest policy are not made available to the public; however, financial statements are made available to the public upon request.”

“Reason for amended return - the organization is filing an amended form 990 to correct the reporting of inventories for sale or use and related expenses. In the original return, inventories were not included on the balance sheet. Upon further review, it was determined that inventories held for sale or use should have been reported as an asset in part x, balance sheet. In addition, the related materials and supplies expense on the statement of functional expenses, part ix, was adjusted to properly reflect the use of inventory. The amended return corrects these items to ensure accurate reporting of the organization's financial position and activities. No other changes have been made.”

“Rainbow serpent is committed to advancing black lgbtq culture through the exploration of emerging technologies, innovative healing protocols, african cosmologies, and multimedia art. We are dedicated to promoting and celebrating the diversity and richness of black lgbtq culture while advancing healing and empowerment within the community. Our largest aim is to create a new radiant reality, one as resplendent and diverse as the rainbow and as fertile and enduring as”

“We create, publish, and promote artistic works, exhibitions, and performances that celebrate black lgbtq culture, including live performances, public artworks, literary works, photography, films, animations, paintings, installations, multimedia artworks, and works in emerging media.”

“Other fees for services: total $65,412: description and amount (photo/video/graphic design fees $15,620; program/project manager $14,000; ecommerce consulting fees $4,077; independent artist/artist in residence $18,115; marketing + communications $13,600)”

“Accounting period explanation: from cash to accrual basis - accurate financial representation: accrual accounting provides a more accurate picture of a company's financial condition and operations by recording revenues and expenses when they are earned or incurred, regardless of when cash is exchanged.”