Nonprofit · EIN 37-1719106
RAINBOW FESTIVAL INC
Tax-exempt (reinstated) · SACRAMENTO, CA 95811
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $52,770 | $53,365 | -$595 | $57,946 | $141,898 | -$83,952 |
| December 31, 2024 | 990-EZ (amended) | $45,767 | $23,709 | $22,058 | $58,541 | $141,898 | -$83,357 |
| December 31, 2023 | 990-EZ | $60,370 | $82,489 | -$22,119 | $37,911 | $143,326 | -$105,415 |
| December 31, 2021 | 990-EZ | $107,739 | $192,566 | -$84,827 | $66,602 | $143,541 | -$76,939 |
| December 31, 2020 | 990-EZ | $5,000 | $300 | $4,700 | $21,032 | $13,144 | $7,888 |
| December 31, 2019 | 990-EZ | $96,957 | $85,483 | $11,474 | $28,332 | $25,144 | $3,188 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $18,200
- Program service revenue
- $34,570
Expenses
- Grants and similar amounts paid
- $50,040
- Compensation of officers, directors and key employees
- $0
- Other expenses
- $3,325
- Program services (functional)
- $53,340
Balance sheet and other
- Total assets, start of year
- $58,541
- Total assets, end of year
- $57,946
- Total liabilities, end of year
- $141,898
- Net assets, end of year
- -$83,952
- Cash, savings and investments
- $51,226
- Gross receipts
- $52,770
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Myron Sidie | President & CEO | 5 | $0 |
| Richard Boriolo | Secretary | 2 | $0 |
990-EZ for the year ended December 31, 2024: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Myron Sidie | President & CEO | 5 | $0 |
| Richard Boriolo | Secretary | 2 | $0 |
990-EZ for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Myron Sidie | President & CEO | 5 | $0 |
| Richard Boriolo | Secretary | 2 | $0 |
990-EZ for the year ended December 31, 2021: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Myron Sidie | President & CEO | 5 | $0 |
| Richard Boriolo | Secretary | 2 | $0 |
990-EZ for the year ended December 31, 2020: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Myron Sidie | President & CEO | 0 | $0 |
| Richard Boriolo | Secretary | 0 | $0 |
| Jay Ceccato | Treasurer | 0 | $0 |
990-EZ for the year ended December 31, 2019: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Myron Sidie | President & CEO | 0 | $0 |
| Richard Boriolo | Secretary | 0 | $0 |
| Jay Ceccato | Treasurer | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 2000 K ST, SACRAMENTO, CA 95811-4217
- Mailing address (990-N for 2024)
- 2000 K Street, Sacramento CA 95811
- Principal officer (990-N for 2024)
- Myron Sidie, 2000 K Street, Sacramento CA 95811
- Signed the 990-EZ
- Myron Sidie, President & CEO
- Phone
- (916) 448-7798
- Return prepared by
- Richard Watson Jr CPA
California records
California keeps its own records of charities and corporations. Search them by EIN 37-1719106 or by the name RAINBOW FESTIVAL INC.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
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 accomplishments
- In 2025, Rainbow Festival, Inc. successfully produced its annual Pride festival, continuing its mission of supporting and celebrating the LGBTQ+ community in Sacramento. Key accomplishments included:Hosting a well-attended festival with strong community participationGenerating approximately $52,770 in total revenue through ticket sales and donationsIncreasing direct public support, with donations totaling approximately $18,200Supporting community initiatives and partner organizations through $50,040 in charitable distributionsMaintaining ongoing relationships with sponsors, vendors, and volunteers to sustain future eventsExpenses $53,340 · grants $50,040
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-EZ on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-N on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 37-1719106
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $57,946
- Income (IRS master file)
- $52,770
Revocation and reinstatement
- Exemption revoked
- May 15, 2022
- Posted by the IRS
- September 3, 2022
- Reinstated
- Effective May 15, 2022
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | $52,770 | $53,365 | $57,946 | XML |
| 990-N for 2024 Officer: Myron Sidie | December 31, 2024 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-EZ | December 2024 | $45,767 | $23,709 | $58,541 | XML |
| 990-EZ | December 2023 | $60,370 | $82,489 | $37,911 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | $107,739 | $192,566 | $66,602 | XML |
| 990-EZ | December 2020 | $5,000 | $300 | $21,032 | XML |
| 990-EZ | December 2019 | $96,957 | $85,483 | $28,332 | XML |
| 990-N for 2018 Officer: Myron Sidie | December 31, 2018 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 37-1719106).
Questions about RAINBOW FESTIVAL INC
- What is the EIN of RAINBOW FESTIVAL INC?
- The employer identification number (EIN) of RAINBOW FESTIVAL INC is 37-1719106.
- Is RAINBOW FESTIVAL INC tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2022 and reinstated it effective May 15, 2022.
- Are donations to RAINBOW FESTIVAL INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does RAINBOW FESTIVAL INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of RAINBOW FESTIVAL INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did RAINBOW FESTIVAL INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who is the principal officer of RAINBOW FESTIVAL INC?
- The 990-N for 2024 names Myron Sidie.
- Who are the officers and directors of RAINBOW FESTIVAL INC?
- The 990-EZ for the year ended December 31, 2025 lists 2 people; 0 received compensation from the organization.
- How much revenue does RAINBOW FESTIVAL INC have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $52,770, expenses of $53,365 and total assets of $57,946 at year end.
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