Civic Intelligence

Regional Accelerator & Innovation

EIN 46-5544340 • 501(c)3 • Eugene, OR

Profile

The creation of an innovative network that allows for business entrepreneurs and university research to connect, utilize resources, develop technology and add job growth through invention and innovation.

PO Box 1564Eugene, OR 97440

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

62nd percentile

0.15x

Higher debt load relative to assets than 62% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

51st percentile

0.09x

Higher debt load relative to revenue than 51% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

48th percentile

3.5%

Higher net margin than 48% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

81st percentile

24%

Faster asset growth than 81% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

69th percentile

21%

Faster revenue growth than 69% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Down

$518,461

Down $521,837 (-50%) from 2023

Liabilities

Down

$68,953

Down $89,411 (-56%) from 2023

Net Assets

Down

$449,508

Down $432,426 (-49%) from 2023

Revenue

Down

$1,068,006

Down $792,607 (-43%) from 2023

Expenses

Down

$1,500,432

Down $294,614 (-16%) from 2023

Net Income

Down

-$432,426

Down $497,993 (-760%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0Assets 2014: $88,251Liabilities 2014: $1,5332014Assets 2015: $45,878Liabilities 2015: $9,705Net Assets 2015: $36,1732015Assets 2016: $297,997Liabilities 2016: $121,374Net Assets 2016: $176,6232016Assets 2017: $74,202Liabilities 2017: $4,815Net Assets 2017: $69,3872017Assets 2018: $390,787Liabilities 2018: $67,328Net Assets 2018: $323,4592018Assets 2019: $308,139Liabilities 2019: $62,611Net Assets 2019: $245,5282019Assets 2020: $290,054Liabilities 2020: $0Net Assets 2020: $290,0542020Assets 2021: $402,689Liabilities 2021: $0Net Assets 2021: $402,6892021Assets 2022: $836,093Liabilities 2022: $19,726Net Assets 2022: $816,3672022Assets 2023: $1,040,298Liabilities 2023: $158,364Net Assets 2023: $881,9342023Assets 2024: $518,461Liabilities 2024: $68,953Net Assets 2024: $449,5082024

Highlighted filing

2024

Assets$518,461
Liabilities$68,953
Net Assets$449,508

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.0M$0-$1.0MRevenue 2014: $104,000Expenses 2014: $17,282Net Income 2014: $86,7182014Revenue 2015: $167,504Expenses 2015: $211,007Net Income 2015: -$43,5032015Revenue 2016: $1,166,250Expenses 2016: $1,025,800Net Income 2016: $140,4502016Revenue 2017: $1,194,196Expenses 2017: $1,301,432Net Income 2017: -$107,2362017Revenue 2018: $886,256Expenses 2018: $650,838Net Income 2018: $235,4182018Revenue 2019: $801,510Expenses 2019: $879,441Net Income 2019: -$77,9312019Revenue 2020: $616,612Expenses 2020: $572,086Net Income 2020: $44,5262020Revenue 2021: $712,424Expenses 2021: $599,789Net Income 2021: $112,6352021Revenue 2022: $1,539,645Expenses 2022: $1,097,169Net Income 2022: $442,4762022Revenue 2023: $1,860,613Expenses 2023: $1,795,046Net Income 2023: $65,5672023Revenue 2024: $1,068,006Expenses 2024: $1,500,432Net Income 2024: -$432,4262024

Highlighted filing

2024

Revenue$1,068,006
Expenses$1,500,432
Net Income-$432,426

Filings

Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2021 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 16, 2022
Return Version
2020v4.0
Gross Receipts
$712,424
Mission and Program Overview

Mission

Oregon rain's mission is to partner with oregon communities to catalyze entrepreneurial ecosystems, connect entrepreneurs to resources (including overlooked entrepreneurs), and contribute to the creation of prosperous economies.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$159,943$332,937▲ $172,994
Pledges and Grants Receivable$120,726$69,752▼ $50,974
Prepaid Expenses and Deferred Charges$9,385--
Total Assets$290,054$402,689▲ $112,635
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$157,393$276,410▲ $119,017
Net Assets With Donor Restrictions$132,661$126,279▼ $6,382
Total Net Assets Fund Balance$290,054$402,689▲ $112,635
Total Liabilities and Net Assets / Fund Balance$290,054$402,689▲ $112,635
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Caroline CummingsExecutive DiFT$130,000$130,000

Board Members and Trustees

NameTitle
Austin RamirezPast Chair
Erin ReynoldsPresident
Alicia LeducVice Chair
Biff TraberDirector
Carrie DouglassDirector
Juan BarrazaDirector
Katrina HullDirector
Lucy VinisDirector
Mario Magana AlvarezDirector
Sabrina ParsonsDirector
Josh CarterSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Caroline CummingsContract Ceo2977 INGALLS WAY, Eugene, OR 97405$130,000
Revenue and Support

Revenue Composition

Contributions and Grants
$712,424
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$155,657
Change in Net Assets
$112,635
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$463,956
Salaries, Compensation, and Employee Benefits$135,833
Total Fundraising Expense$98,763
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$316,858$15,350$63,525$395,733
Current Officers, Directors, Trustees, and Key Employees$81,500$20,375$33,958$135,833
Fees for Services Accounting-$8,521-$8,521
Insurance-$6,248-$6,248
Fees for Services Legal-$2,185-$2,185
Advertising--$1,280$1,280
Other Expenses$1,205--$1,205
All Other Expenses-$1,192-$1,192
Travel$874$97-$971
Office Expenses-$370-$370
Total Functional Expenses$446,688$54,338$98,763$599,789
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The organization provided a copy of this form 990 to all members of its governing body before filing the form.

Form 990, Page 6, Part VI, Line 12C

The organization has board trainings on enforcing the conflict of interest policy and annual disclosure of any conflicts of interest.

Form 990, Page 6, Part VI, Line 15A

Compensation for the executive director was set by the board of directors' personnel committee.

Form 990, Page 6, Part VI, Line 15B

There are no employees of the organization.

Form 990, Page 6, Part VI, Line 19

AVAILABLE UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
Regional Accelerator & Innovation
EIN
46-5544340
Phone
5419682982
Address
PO BOX 1564, EUGENE, OR 97440
Doing Business As
Oregon Rain

Signing Officer

Name
Caroline Cummings
Title
Executive Director
Phone
5419682982
Signed
2022-05-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Erin Reynolds
Formed
2014
Legal Domicile
Or
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
58

Preparer

Firm
Jones & Roth Pc
Address
PO BOX 10086, EUGENE, OR 97440
Preparer
Kari Young
Phone
5416872320
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Oregon rain's mission is to partner with oregon communities to catalyze entrepreneurial ecosystems, connect entrepreneurs to resources (including overlooked entrepreneurs), and contribute to the creation of prosperous economies.

Form 990, Page 1, Part I, Line 6

Many of our volunteers are mentors to the start-up companies we serve. We also have volunteers who help with in-person and online events, including accelerators. In addition, six people serve on the board of directors.

Form 990, Part IX, Line 11G

Public relations & education 1,988 0 0 development consultants 27,000 9,000 54,000 venture catalyst consulting 240,245 0 0 other consulting services 47,625 6,350 9,525 total 316,858 15,350 63,525

Raw XML AppendixShowing 400 of 404 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OREGON RAIN'S MISSION IS TO PARTNER WITH OREGON COMMUNITIES TO CATALYZE ENTREPRENEURIAL ECOSYSTEMS, CONNECT ENTREPRENEURS TO RESOURCES (INCLUDING OVERLOOKED ENTREPRENEURS), AND CONTRIBUTE TO THE CREATION OF PROSPEROUS ECONOMIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MANY OF OUR VOLUNTEERS ARE MENTORS TO THE START-UP COMPANIES WE SERVE. WE ALSO HAVE VOLUNTEERS WHO HELP WITH IN-PERSON AND ONLINE EVENTS, INCLUDING ACCELERATORS. IN ADDITION, SIX PEOPLE SERVE ON THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION PROVIDED A COPY OF THIS FORM 990 TO ALL MEMBERS OF ITS GOVERNING BODY BEFORE FILING THE FORM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION HAS BOARD TRAININGS ON ENFORCING THE CONFLICT OF INTEREST POLICY AND ANNUAL DISCLOSURE OF ANY CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COMPENSATION FOR THE EXECUTIVE DIRECTOR WAS SET BY THE BOARD OF DIRECTORS' PERSONNEL COMMITTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THERE ARE NO EMPLOYEES OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7PUBLIC RELATIONS & EDUCATION 1,988 0 0 DEVELOPMENT CONSULTANTS 27,000 9,000 54,000 VENTURE CATALYST CONSULTING 240,245 0 0 OTHER CONSULTING SERVICES 47,625 6,350 9,525 TOTAL 316,858 15,350 63,525
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART IX, LINE 11G
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
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ReturnHeader/BusinessOfficerGrp/SignatureDt02022-05-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0REGIONAL ACCELERATOR & INNOVATION
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JONES & ROTH PC
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ReturnHeader/PreparerPersonGrp/PreparationDt02022-05-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KARI YOUNG
ReturnHeader/ReturnTs02022-05-16T15:23:15-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0CAROLINE

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