Civic Intelligence

Rain Source Capital Inc

990 • Fiscal year 2013 • EIN 41-1912041

Jul 01, 2012 to Jun 30, 2013 • Filed on May 14, 2014

Organization ProfileWWW.RAINSOURCECAPITAL.COM

View Organization Page

PO Box 2289Lake Geneva, WI 55402
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

97th percentile

1.61x

Higher debt load relative to assets than 97% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2013

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

11th percentile

-10%

Faster asset growth than 11% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets97th percentile

Assets

Down

$4,575,514

Down $532,392 (-10%) from 2012

Net Assets

Up

-$2,783,844

Up $559,974 (+17%) from 2012

Liabilities

Down

$7,359,358

Down $1,092,366 (-13%) from 2012

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

Up

$708,430

Up $490,257 (+225%) from 2012

Expenses

Down

$169,258

Down $699,439 (-81%) from 2012

Net Income

Up

$539,172

Up $1,189,696 (+183%) from 2012

Historical Trend

Balance Sheet Trend

Asset Growth11th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10M$5.0M$0-$5.0MAssets 2011: $6,321,047Liabilities 2011: $8,341,221Net Assets 2011: -$2,020,1742011Assets 2012: $5,107,906Liabilities 2012: $8,451,724Net Assets 2012: -$3,343,8182012Assets 2013: $4,575,514Liabilities 2013: $7,359,358Net Assets 2013: -$2,783,8442013Assets 2014: $4,406,186Liabilities 2014: $7,411,733Net Assets 2014: -$3,005,5472014Assets 2015: $4,373,120Liabilities 2015: $7,436,883Net Assets 2015: -$3,063,7632015Assets 2016: $4,240,847Liabilities 2016: $7,380,214Net Assets 2016: -$3,139,3672016Assets 2017: $3,632,662Liabilities 2017: $6,029,834Net Assets 2017: -$2,397,1722017Assets 2018: $3,411,532Liabilities 2018: $5,989,131Net Assets 2018: -$2,577,5992018

Highlighted filing

2013

Assets$4,575,514
Liabilities$7,359,358
Net Assets-$2,783,844
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500K-$1.0MRevenue 2011: -$20,698Expenses 2011: $421,646Net Income 2011: -$442,3442011Revenue 2012: $218,173Expenses 2012: $868,697Net Income 2012: -$650,5242012Revenue 2013: $708,430Expenses 2013: $169,258Net Income 2013: $539,1722013Revenue 2014: $79,537Expenses 2014: $272,600Net Income 2014: -$193,0632014Revenue 2015: $79,742Expenses 2015: $140,040Net Income 2015: -$60,2982015Revenue 2016: $66,785Expenses 2016: $142,389Net Income 2016: -$75,6042016Revenue 2017: $899,088Expenses 2017: $167,839Net Income 2017: $731,2492017Revenue 2018: $66,063Expenses 2018: $246,490Net Income 2018: -$180,4272018

Highlighted filing

2013

Revenue$708,430
Expenses$169,258
Net Income$539,172
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2012 to Jun 30, 2013
Signed
May 14, 2014
Return Version
2012v2.1
Gross Receipts
$819,032
Mission and Program Overview

Mission

Rain source capital is a non-profit corporation dedicated to promoting community economic development by building the capacity for equity investment. This is accomplished by making equity investments in companies directly from rain source capital and catalyzing investment through the formation and participation in regional angel investor networks.

Filing and Contact Details

Filer

EIN
41-1912041
Raw XML Appendix397 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.

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IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation0CERTAIN NON PROFIT ENTITIES DESIRED TO MAKE INVESTMENTS WHICH PROMOTED THE ECONOMIC DEVELOPMENT IN THEIR COMMUNITIES. THEY PROVIDED LOANS TO RAIN SOURCE CAPITAL TO ASSIST IN ESTABLISHING LOCAL ANGEL INVESTMENT PROGRAMS. AS REQUIRED, THE PROCEEDS OF THE LOANS WERE USED TO PURCHASE MEMBERSHIP INTERESTS IN A LOCAL ANGEL GROUPS. THE COVENANTS OF THE LOANS REQUIRED RAIN SOURCE CAPITAL TO SHALL ESTABLISH A SEPARATE ACCOUNTS FOR THE PURPOSE OF TRACKING THE USE OF FUNDS.
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IRS990ScheduleL/Form990ScheduleLPartIV/DescriptionOfTransaction1AS PER MGMT. CONTRACT, 5% GROSS CASH RECEIPTS FROM THE SALE OF INVESTMENTS IN PRIVATE COMPANIES, LLC AND LP; APRIL 2010- DEC 2012.
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IRS990ScheduleL/Form990ScheduleLPartIV/NameOfInterestedPerson/NameBusiness/BusinessNameLine11RAIN SOURCE MANAGEMENT LLC
IRS990ScheduleL/Form990ScheduleLPartIV/Relationship0THE CEO OF RAIN SOURCE CAPITAL IS AN OFFICER OF RAIN SOURCE MANAGEMENT, LLC
IRS990ScheduleL/Form990ScheduleLPartIV/Relationship1THE CEO OF RAIN SOURCE CAPITAL IS AN OFFICER OF RAIN SOURCE MANAGEMENT, LLC
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IRS990ScheduleO/GeneralExplanation/Explanation0IN APRIL, 2010, THE BOARD ENTERED INTO A MANAGEMENT CONTRACT WITH RAIN SOURCE MANAGEMENT. THIS WAS DONE TO REDUCE OPERATIONAL EXPENSES AND TO PROVIDE THE COMPANY WITH THE MEANS TO CONTINUE ITS OPERATIONS. THERE WAS NO CHANGE IN MISSION AND RAIN SOURCE MANAGEMENT HAS AGREED TO CONTINUE TO OPERATE THE COMPANY BASED UPON THE GOALS OUTLINED IN THE MANAGEMENT CONTRACT.
IRS990ScheduleO/GeneralExplanation/Explanation1THE FORM 990 WAS PRESENTED TO THE BOARD PRIOR TO FILING.
IRS990ScheduleO/GeneralExplanation/Explanation2THE CONFLICT OF INTEREST POLICY COVERS DIRECTORS, OFFICERS AND EMPLOYEES. EACH RESPONSIBLE PERSON SHALL ANNUALLY COMPLETE A DISCLOSURE FORM WHICH SHALL BE SUBMITTED TO THE PRESIDENT. PRIOR TO BOARD ACTION ON A CONTRACT OR TRANSACTION INVOLVING A CONFLICT OF INTEREST, A DIRECTOR WHO HAS A CONFLICT OF INTEREST AND WHO IS IN ATTENDANCE AT THE MEETING SHALL DISCLOSE ALL FACTS MATERIAL TO THE CONFLICT OF INTEREST. SUCH DISCLOSURE SHALL BE REFLECTED IN THE MINUTES OF THE MEETING OR, AT THE OPTION OF THE SECRETARY, IN A SEPARATE MEMORANDUM THAT IS FILED WITH THE ORIGINAL MINUTES OF THE MEETING. A PERSON WHO HAS A CONFLICT OF INTEREST SHALL NOT PARTICIPATE IN THE BOARD'S DISCUSSION OF THE MATTER EXCEPT TO DISCLOSE MATERIAL FACTS AND TO RESPOND TO QUESTIONS. SUCH PERSON SHALL NOT ATTEMPT TO EXERT HIS OR HER PERSONAL INFLUENCE WITH RESPECT TO THE MATTER, EITHER AT OR OUTSIDE THE MEETING. A PERSON WHO HAS A CONFLICT OF INTEREST WITH RESPECT TO A CONTRACT OR TRANSACTION THAT WILL BE VOTED ON AT A MEETING SHALL NOT BE COUNTED IN DETERMINING THE PRESENCE OF A QUORUM FOR PURPOSES OF THE VOTE. THE PERSON HAVING A CONFLICT OF INTEREST MAY NOT VOTE ON THE CONTRACT OR TRANSACTION. SUCH PERSON'S INELIGIBILITY TO VOTE SHALL BE REFLECTED IN THE MINUTES OF THE MEETING. A CONTRACT OR TRANSACTION INVOLVING A CONFLICT OF INTEREST MAY BE APPROVED BY THE BOARD IF THE MATERIAL FACTS AS TO THE CONTRACT OR TRANSACTION AND THE CONFLICT OF INTEREST ARE FULLY DISCLOSED OR KNOWN TO THE BOARD AND THE BOARD APPROVES THE CONTRACT OR TRANSACTION IN GOOD FAITH BY THE AFFIRMATIVE VOTE (WITHOUT COUNTING THE INTERESTED DIRECTOR) OF A MAJORITY OF THE ENTIRE BOARD AT A MEETING AT WHICH THERE IS A QUORUM PRESENT, AGAIN WITHOUT COUNTING THE INTERESTED DIRECTOR. RESPONSIBLE PERSONS WHO ARE NOT DIRECTORS, OR WHO HAVE A CONFLICT OF INTEREST WITH RESPECT TO A CONTRACT OR TRANSACTION THAT IS NOT THE SUBJECT OF BOARD OR COMMITTEE ACTION, SHALL DISCLOSE TO THE PRESIDENT ANY CONFLICT OF INTEREST THAT SUCH RESPONSIBLE PERSON HAS WITH RESPECT TO SUCH CONTRACT OR TRANSACTION. SUCH DISCLOSURE SHALL BE MADE AS SOON AS THE CONFLICT OF INTEREST IS KNOWN TO THE RESPONSIBLE PERSON. THE RESPONSIBLE PERSON SHALL REFRAIN FROM ANY ACTION THAT MAY AFFECT THE ORGANIZATION'S PARTICIPATION IN SUCH CONTRACT OR TRANSACTION. THE PRESIDENT SHALL PROMPTLY REPORT SUCH CONFLICT OF INTEREST TO THE CHAIR OR THE CHAIR'S DESIGNEE.
IRS990ScheduleO/GeneralExplanation/Explanation3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PART VI, SECTION C, LINE 19
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IRS990/TaxExemptBonds00
IRS990/Terminated00
IRS990/TermOrPermanentEndowments00
IRS990/TheBooksAreInCareOf/AddressUS/AddressLine10PO BOX 2289
IRS990/TheBooksAreInCareOf/AddressUS/City0MINNEAPOLIS
IRS990/TheBooksAreInCareOf/AddressUS/State0MN
IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode055402
IRS990/TheBooksAreInCareOf/NameBusiness/BusinessNameLine10STEVEN B MERCIL
IRS990/TheBooksAreInCareOf/TelephoneNumber06123052076
IRS990/TotalAssets/BOY05107906
IRS990/TotalAssetsBOY05107906
IRS990/TotalAssets/EOY04575514
IRS990/TotalAssetsEOY04575514
IRS990/TotalCompGT150K00
IRS990/TotalContributions025004
IRS990/TotalExpensesCurrentYear0169258
IRS990/TotalExpensesPriorYear0868697
IRS990/TotalFunctionalExpenses/Fundraising00
IRS990/TotalFunctionalExpenses/ManagementAndGeneral07759
IRS990/TotalFunctionalExpenses/ProgramServices0161499
IRS990/TotalFunctionalExpenses/Total0169258
IRS990/TotalFundrsngExpCurrentYear00
IRS990/TotalGrossUBI00
IRS990/TotalLiabilities/BOY08451724
IRS990/TotalLiabilitiesBOY08451724
IRS990/TotalLiabilities/EOY07359358
IRS990/TotalLiabilitiesEOY07359358
IRS990/TotalLiabNetAssetsFundBalances/BOY05107906
IRS990/TotalLiabNetAssetsFundBalances/EOY04575514
IRS990/TotalNbrEmployees00
IRS990/TotalNbrVolunteers03
IRS990/TotalNetAssetsFundBalances/BOY0-3343818
IRS990/TotalNetAssetsFundBalances/EOY0-2783844
IRS990/TotalOtherCompensation00
IRS990/TotalOtherRevenue0630359
IRS990/TotalProfFundrsngExpCY00
IRS990/TotalProfFundrsngExpPriorYear00
IRS990/TotalProgramServiceExpense0161499
IRS990/TotalProgramServiceRevenue020936
IRS990/TotalReportableCompFrmRltdOrgs00
IRS990/TotalReportableCompFromOrg00
IRS990/TotalRevenueCurrentYear0708430
IRS990/TotalRevenue/ExclusionAmount0630359
IRS990/TotalRevenuePriorYear0218173
IRS990/TotalRevenue/RelatedOrExemptFunctionIncome053067
IRS990/TotalRevenue/TotalRevenueColumn0708430
IRS990/TotalRevenue/UnrelatedBusinessRevenue00
IRS990/TransfersToExemptNonChrtblOrg00
IRS990/TypeOfOrganizationCorporation0X
IRS990/UnrelatedBusinessIncome00
IRS990/UnrestrictedNetAssets/BOY0-3343818
IRS990/UnrestrictedNetAssets/EOY0-2783844
IRS990/UnsecuredNotesLoansPayable/BOY07500000
IRS990/UnsecuredNotesLoansPayable/EOY07283689
IRS990/UponRequest0X
IRS990/WebSite0WWW.RAINSOURCECAPITAL.COM
IRS990/WhistleblowerPolicy00
IRS990/YearFormation01998
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/Filer/EIN0411912041
ReturnHeader/Filer/Name/BusinessNameLine10RAIN SOURCE CAPITAL
ReturnHeader/Filer/NameControl0RAIN
ReturnHeader/Filer/Phone06516322140
ReturnHeader/Filer/USAddress/AddressLine10PO BOX 2289
ReturnHeader/Filer/USAddress/City0MINNEAPOLIS
ReturnHeader/Filer/USAddress/State0MN
ReturnHeader/Filer/USAddress/ZIPCode055402
ReturnHeader/Officer/AuthorizeThirdParty01
ReturnHeader/Officer/DateSigned02014-05-14
ReturnHeader/Officer/Name0STEVEN B MERCIL
ReturnHeader/Officer/Phone06516322140
ReturnHeader/Officer/Title0PRESIDENT
ReturnHeader/PreparerFirm/EIN0410746749
ReturnHeader/PreparerFirm/PreparerFirmBusinessName/BusinessNameLine10CLIFTONLARSONALLEN LLP
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/AddressLine10220 SOUTH SIXTH STREET SUITE 300
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/City0MINNEAPOLIS
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/State0MN
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/ZIPCode055402
ReturnHeader/Preparer/Name0XIAOYAN LUO
ReturnHeader/Preparer/Phone06123764500
ReturnHeader/ReturnType0990
ReturnHeader/TaxPeriodBeginDate02012-07-01
ReturnHeader/TaxPeriodEndDate02013-06-30
ReturnHeader/TaxYear02012
ReturnHeader/Timestamp02014-05-15T11:00:38-05:00

Document Assets

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Filings

Displayed year

2013 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$4,575,514
Liabilities
$7,359,358
Net assets
-$2,783,844
Revenue
$708,430
Expenses
$169,258
Net income
$539,172
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2018Detailed filing. Detailed filing data is available for this year.$3.41$5.99$2.58$0.07$0.25$0.18
2017Detailed filing. Detailed filing data is available for this year.$3.63$6.03$2.40$0.90$0.17$0.73
2016Detailed filing. Detailed filing data is available for this year.$4.24$7.38$3.14$0.07$0.14$0.08
2015Detailed filing. Detailed filing data is available for this year.$4.37$7.44$3.06$0.08$0.14$0.06
2014Detailed filing. Detailed filing data is available for this year.$4.41$7.41$3.01$0.08$0.27$0.19
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.58$7.36$2.78$0.71$0.17$0.54
2012Summary only. Only limited summary data is available for this year.$5.11$8.45$3.34$0.22$0.87$0.65
2011Summary only. Only limited summary data is available for this year.$6.32$8.34$2.02$0.02$0.42$0.44