Nonprofit · EIN 92-2618393
RAINBOW SERPENT INC
Tax-exempt · PITTSBURGH, PA 15219
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $933,466 | $310,693 | $622,773 | $1,626,136 | $544,476 | $1,081,660 |
| June 30, 2024 | 990 (amended) | $611,736 | $180,097 | $431,639 | $459,619 | $732 | $458,887 |
| June 30, 2023 | 990-EZ (amended) | $99,722 | $72,474 | $27,248 | $27,248 | – | $27,248 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $892,475
- Program service revenue
- $12,650
- Investment income
- $10,203
- Net rental income
- $11,059
- Net income from sales of inventory
- $6,828
- Other revenue
- $18,138
Expenses
- Grants and similar amounts paid
- $253
- Compensation of officers, directors and key employees
- $74,342
- Other salaries and wages
- $106,182
- Salaries, compensation and benefits (total)
- $205,913
- Professional fundraising fees
- $0
- Accounting fees
- $15,103
- Occupancy
- $2,404
- Travel
- $19,063
- Depreciation
- $3,373
- Program services (functional)
- $244,473
- Management and general (functional)
- $51,296
- Fundraising (functional)
- $14,924
Balance sheet and other
- Total assets, start of year
- $447,631
- Total assets, end of year
- $1,626,136
- Total liabilities, end of year
- $544,476
- Net assets, end of year
- $1,081,660
- Land, buildings and equipment
- $1,352,528
- Net assets without donor restrictions
- $1,081,660
- Gross unrelated business income
- $11,059
- Gross receipts
- $933,466
- Employees
- 5
- Volunteers
- 5
- Year formed
- 2023
- State of legal domicile
- PA
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 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MIKAEL OWUNNA | CO-FOUNDER/EXECUTIVE DIRECTOR Officer | 50 | $31,538 | $2,401 |
| DR HASANI BAHARANYI | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| DERRICK WORTES | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| DR WESLEE GLENN | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| MARSALIS GIBSON | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| ANTHONY EMEKA FORD | COMMUNICATIONS CHAIR Trustee or director | 1 | $0 | $0 |
| MARQUES REDD | CO-FOUNDER/EXECUTIVE DIRECTOR Officer | 50 | $0 | $0 |
990 for the year ended June 30, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DR HASANI BAHARANYI | PRESIDENT Trustee or director | 1 | $0 |
| DERRICK WORTES | VICE PRESIDENT Trustee or director | 1 | $0 |
| DR WESLEE GLENN | TREASURER Trustee or director | 1 | $0 |
| MARSALIS GIBSON | SECRETARY Trustee or director | 1 | $0 |
| ANTHONY EMEKA HARBOUR | COMMUNICATIONS CHAIR Trustee or director | 1 | $0 |
| MARQUES REDD | COFOUNDER - EXECUTIVE DIRECTOR Officer | 50 | $0 |
| MIKAEL OWUNNA | COFOUNDER-EXECUTIVE DIRECTOR Officer | 50 | $0 |
990-EZ for the year ended June 30, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DR MARQUES REDD | CO-FOUNDER/E | 40 | $0 |
| MIKAEL OWUNNA | CO-FOUNDER/E | 40 | $0 |
| DR HASANI BAHARANYI | PRESIDENT | 5 | $0 |
| DERRICK WORTES | VICE-PRESIDE | 5 | $0 |
| DR WESLEE GLENN | TREASURER | 5 | $0 |
| MARSALIS GIBSON | SECRETARY | 5 | $0 |
| ANTHONY EMEKA HARBOUR | COMMUNICATIO | 5 | $0 |
| ISABELLE ANALO | BOARD MEMBER | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 1811 BLVD OF THE ALLIES, PITTSBURGH, PA 15219-5964
- In care of
- % MIKAEL OWUNNA
- Principal officer (990 for 2024)
- MIKAEL OWUNNA, 1811 BOULEVARD OF THE ALLIES, PITTSBURGH, PA 15219
- Signed the 990
- MIKAEL OWUNNA, CO-FOUNDER/EXECUTIVE DIRECTOR
- Phone
- (412) 846-6066
- Return prepared by
- MAHER DUESSEL CPA'S
Mission
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 THE SERPENT.
Program accomplishments
- 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.Expenses $244,473 · grants $253 · revenue $19,478
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 92-2618393
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2023
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A20)
- Assets (IRS master file)
- $1,626,136
- Income (IRS master file)
- $933,466
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | – | – | – | IRS |
| 990 | June 2024 | – | – | – | IRS |
| 990-EZ | June 2023 | $99,722 | $72,474 | $27,248 | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about RAINBOW SERPENT INC
- What is the EIN of RAINBOW SERPENT INC?
- The employer identification number (EIN) of RAINBOW SERPENT INC is 92-2618393.
- Is RAINBOW SERPENT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to RAINBOW SERPENT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does RAINBOW SERPENT 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 SERPENT INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did RAINBOW SERPENT INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of RAINBOW SERPENT INC?
- The 990 for the year ended June 30, 2025 names MIKAEL OWUNNA.
- Who are the officers and directors of RAINBOW SERPENT INC?
- The 990 for the year ended June 30, 2025 lists 7 people; 1 received compensation from the organization, the highest $31,538 (MIKAEL OWUNNA, CO-FOUNDER/EXECUTIVE DIRECTOR).
- How much revenue does RAINBOW SERPENT INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $933,466, expenses of $310,693 and total assets of $1,626,136 at year end.
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