Civic Intelligence

Regional Accelerator & Innovation Network of Oregon

990 • Fiscal year 2017 • EIN 46-5544340

Jul 01, 2016 to Jun 30, 2017 • Filed on May 09, 2018

Organization ProfileOREGONRAIN.ORG
942 Olive StreetEugene, OR 97401

(541) 740-6272

Siviq Scores

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

Liabilities / Assets

45th percentile

0.06x

Higher debt load relative to assets than 45% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

18th percentile

0.00x

Higher debt load relative to revenue than 18% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

22nd percentile

-9.0%

Higher net margin than 22% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

72nd percentile

$107,500

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 9.0% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

1st percentile

-75%

Faster asset growth than 1% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

45th percentile

2.4%

Faster revenue growth than 45% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets45th percentile

Assets

Down

$74,202

Down $223,795 (-75%) from 2016

Net Assets

Down

$69,387

Down $107,236 (-61%) from 2016

Liabilities

Down

$4,815

Down $116,559 (-96%) from 2016

Revenue And Expenses
Liabilities / Revenue18th percentileNet Margin22nd percentile

Revenue

Up

$1,194,196

Up $27,946 (+2.4%) from 2016

Expenses

Up

$1,301,432

Up $275,632 (+27%) from 2016

Net Income

Down

-$107,236

Down $247,686 (-176%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth1st percentile

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

$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

2017

Assets$74,202
Liabilities$4,815
Net Assets$69,387
Open 2017 Filing

Operations Trend

Revenue Growth45th percentile

Revenue, expenses, and net income across loaded years, with this 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

2017

Revenue$1,194,196
Expenses$1,301,432
Net Income-$107,236
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 9, 2018
Return Version
2016v3.1
Gross Receipts
$1,194,196
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.

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$267,668$74,202▼ $193,466
Pledges and Grants Receivable$25,000--
Prepaid Expenses and Deferred Charges$5,329--
Total Assets$297,997$74,202▼ $223,795
Liabilities
Accounts Payable and Accrued Expenses$121,374$4,815▼ $116,559
Total Liabilities$121,374$4,815▼ $116,559
Net Assets / Fund Balance
Unrestricted Net Assets$113,809$69,387▼ $44,422
Temporarily Rstr Net Assets$62,814--
Total Net Assets Fund Balance$176,623$69,387▼ $107,236
Total Liabilities and Net Assets / Fund Balance$297,997$74,202▼ $223,795
Compensation and Service Providers
Top Officer Pay72nd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Jim CoonanExec Director ThrFT$107,500$107,500
Marc ManleyExec Director BegFT$5,000$5,000

Board Members and Trustees

NameTitle
Nick FowlerChair
Biff TraberDirector
Cynthia SagersDirector
Dan WhitakerDirector
Dana SiebertDirector
David ConoverDirector
Lucy VinisDirector
Skip RungDirector
Sabrina ParsonsSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Caroline CummingsVenture Catalys28821 ROYAL AVE, Eugene, OR 97402$120,000
Revenue and Support

Revenue Composition

Contributions and Grants
$1,194,090
Program Service Revenue
$0
Investment Income
$106
Other Revenue
$0
All Other Contributions
$144,090
Change in Net Assets
$-107,236
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,197,574
Total Fundraising Expense$134,906
Salaries, Compensation, and Employee Benefits$103,858
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$195,368-$115,047$310,415
Current Officers, Directors, Trustees, and Key Employees$76,618$10,216$15,322$102,156
Travel$21,197$2,826$4,240$28,263
Fees for Services Legal-$10,457-$10,457
Insurance-$4,610-$4,610
Fees for Services Accounting-$4,150-$4,150
Payroll Taxes$1,277$170$255$1,702
Office Expenses-$1,619-$1,619
Other Expenses$845--$845
All Other Expenses-$140-$140
Advertising--$42$42
Total Functional Expenses$1,132,338$34,188$134,906$1,301,432
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
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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 form 990 will be reviewed by the executive director and the board of directors prior to filing.”

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.”

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

“There are no other employees for 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
5417406272
Address
942 OLIVE STREET, EUGENE, OR 97401
Doing Business As
Rain Oregon

Signing Officer

Name
Sabrina Parsons
Title
Secretary
Signed
2018-05-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sabrina Parsons
Formed
2014
Voting Board Members
11
Independent Board Members
11
Employees
1
Volunteers
150

Preparer

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

Additional Explanations

Form 990, Page 1, Part I, Line 6

“Most of our volunteers are mentors to the start-up companies we serve. A smaller number serve on our board committees like our marketing committee. Others help with logistical support for events.”

Form 990, Part IX, Line 11G

“Public relations & education 50,027 0 0 development consultants 0 0 99,184 venture catalyst consulting 108,616 0 12,068 coastal venture catalyst cons 34,154 0 3,795 other consulting 2,571 0 0 total 195,368 0 115,047”

Raw XML Appendix379 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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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0167500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0104000
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MOST OF OUR VOLUNTEERS ARE MENTORS TO THE START-UP COMPANIES WE SERVE. A SMALLER NUMBER SERVE ON OUR BOARD COMMITTEES LIKE OUR MARKETING COMMITTEE. OTHERS HELP WITH LOGISTICAL SUPPORT FOR EVENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 WILL BE REVIEWED BY THE EXECUTIVE DIRECTOR AND THE BOARD OF DIRECTORS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION HAS BOARD TRAININGS ON ENFORCING THE CONFLICT OF INTEREST POLICY AND ANNUAL DISCLOSURE OF ANY CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION FOR THE EXECUTIVE DIRECTOR WAS SET BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THERE ARE NO OTHER EMPLOYEES FOR THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6PUBLIC RELATIONS & EDUCATION 50,027 0 0 DEVELOPMENT CONSULTANTS 0 0 99,184 VENTURE CATALYST CONSULTING 108,616 0 12,068 COASTAL VENTURE CATALYST CONS 34,154 0 3,795 OTHER CONSULTING 2,571 0 0 TOTAL 195,368 0 115,047
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 11G
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IRS990/TotalProgramServiceExpensesAmt01132338
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt074202
IRS990/TravelGrp/FundraisingAmt04240
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IRS990/TravelGrp/ProgramServicesAmt021197
IRS990/TravelGrp/TotalAmt028263
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IRS990/UnrestrictedNetAssetsGrp/EOYAmt069387
IRS990/UponRequestInd0X
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IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0OREGONRAIN.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SABRINA PARSONS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-05-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0REGIONAL ACCELERATOR & INNOVATION
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0NETWORK OF OREGON
ReturnHeader/Filer/BusinessNameControlTxt0REGI
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ReturnHeader/Filer/PhoneNum05417406272
ReturnHeader/Filer/USAddress/AddressLine1Txt0942 OLIVE STREET
ReturnHeader/Filer/USAddress/CityNm0EUGENE
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JONES & ROTH PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 10086
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0EUGENE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd097440
ReturnHeader/PreparerPersonGrp/PhoneNum05416872320
ReturnHeader/PreparerPersonGrp/PreparationDt02018-05-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KARI YOUNG
ReturnHeader/ReturnTs02018-05-14T13:10:21-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$74,202
Liabilities
$4,815
Net assets
$69,387
Revenue
$1,194,196
Expenses
$1,301,432
Net income
-$107,236
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.52$0.07$0.45$1.07$1.50$0.43
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.04$0.16$0.88$1.86$1.80$0.07
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.84$0.02$0.82$1.54$1.10$0.44
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.40$0.00$0.40$0.71$0.60$0.11
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.29$0.00$0.29$0.62$0.57$0.04
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.31$0.06$0.25$0.80$0.88$0.08
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.39$0.07$0.32$0.89$0.65$0.24
2017Detailed filing. Detailed filing data is available for this year.$0.07$0.00$0.07$1.19$1.30$0.11
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.30$0.12$0.18$1.17$1.03$0.14
2015Detailed filing. Detailed filing data is available for this year.$0.05$0.01$0.04$0.17$0.21$0.04
2014Summary only. Only limited summary data is available for this year.$0.09$0.00$0.10$0.02$0.09