Civic Intelligence

Regional Accelerator & Innovation Network of Oregon

990 • Fiscal year 2018 • EIN 46-5544340

Jul 01, 2017 to Jun 30, 2018 • Filed on Apr 29, 2019

Organization ProfileOREGONRAIN.ORG
942 Olive StreetEugene, OR 97401

(541) 968-2982

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Flat

$390,787

Flat from 2018

Net Assets

Flat

$323,459

Flat from 2018

Liabilities

Flat

$67,328

Flat from 2018

Revenue And Expenses

Revenue

Flat

$886,256

Flat from 2018

Expenses

Flat

$650,838

Flat from 2018

Net Income

Flat

$235,418

Flat from 2018

Historical Trend

Balance Sheet Trend

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 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

2018

Assets$390,787
Liabilities$67,328
Net Assets$323,459
Open 2018 Filing

Operations Trend

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 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

2018

Revenue$886,256
Expenses$650,838
Net Income$235,418
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Apr 29, 2019
Return Version
2017v2.3
Gross Receipts
$886,256
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$74,202$233,865▲ $159,663
Pledges and Grants Receivable-$148,410-
Prepaid Expenses and Deferred Charges-$8,512-
Total Assets$74,202$390,787▲ $316,585
Liabilities
Other Liabilities-$62,611-
Accounts Payable and Accrued Expenses$4,815$4,717▼ $98
Total Liabilities$4,815$67,328▲ $62,513
Net Assets / Fund Balance
Temporarily Rstr Net Assets-$306,944-
Unrestricted Net Assets$69,387$16,515▼ $52,872
Total Net Assets Fund Balance$69,387$323,459▲ $254,072
Total Liabilities and Net Assets / Fund Balance$74,202$390,787▲ $316,585
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Caroline CummingsExec Director BegFT$120,000$120,000
Marc ManleyExec Director ThrFT$108,000$108,000

Board Members and Trustees

NameTitle
Sabrina ParsonsChair & Secr
Biff TraberDirector
Cynthia SagersDirector
Dan WhitakerDirector
Dana SiebertDirector
David ConoverDirector
Lucy VinisDirector
Nick FowlerDirector
Skip RungDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$886,250
Program Service Revenue
$0
Investment Income
$6
Other Revenue
$0
All Other Contributions
$6,250
Change in Net Assets
$235,418

Audited Revenue Reconciliation

Revenue per Audited Statements
$886,256
Total Revenue per Audited Statements
$886,256
Total Revenue per Form 990
$886,256
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$518,871
Salaries, Compensation, and Employee Benefits$131,967
Total Fundraising Expense$93,645
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$159,335$50$71,998$231,383
Current Officers, Directors, Trustees, and Key Employees$98,750$13,167$19,750$131,667
Travel$9,257$1,234$1,852$12,343
Fees for Services Accounting-$8,205-$8,205
Insurance-$2,774-$2,774
Fees for Services Legal-$2,200-$2,200
Office Expenses-$2,180-$2,180
Other Expenses$1,268$3,840-$1,268
All Other Expenses-$1,192-$1,192
Payroll Taxes$225$30$45$300
Total Functional Expenses$522,321$34,872$93,645$650,838

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$650,838
Total Expenses per Audited Statements$650,838
Total Expenses per Form 990$650,838
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Subcontract Payable$62,611
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 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 enforces the conflict of interest policy by requiring that all directors and officers complete a new disclosure form annually, and disclose conflicts of interest when they arise.”

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

“Compenstion for the executive director was set by the board of directors. Varo ventures was hired as a consultant to fulfill the role of executive director. The consultant filling this role for varo ventures is caroline cummings.”

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

“There are no employees of the organization.”

Form 990, Page 6, Part VI, Line 19

“UPON REQUEST.”

Filing and Contact Details

Filer

Filer Name
Regional Accelerator & Innovation
EIN
46-5544340
Phone
5419682982
Address
942 OLIVE STREET, EUGENE, OR 97401
Doing Business As
Oregon Rain

Signing Officer

Name
Sabrina Parsons
Title
Chair & Secretary
Phone
5419682982
Signed
2019-04-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sabrina Parsons
Formed
2014
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
70

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. Others help with logistical support for events.”

Form 990, Part IX, Line 11G

“Public relations & education 30,574 0 0 development consultants 0 0 57,658 venture catalyst consulting 128,386 0 14,265 other consulting 375 50 75 total 159,335 50 71,998”

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IRS990ScheduleD/TotalLiabilityAmt062611
IRS990ScheduleD/TotalRevenuePerForm990Amt0886256
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0886256
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0650838
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MOST OF OUR VOLUNTEERS ARE MENTORS TO THE START-UP COMPANIES WE SERVE. A SMALLER NUMBER SERVE ON OUR BOARD COMMITTEES. OTHERS HELP WITH LOGISTICAL SUPPORT FOR EVENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION PROVIDED A COPY OF THIS FORM 990 TO ALL MEMBERS OF ITS GOVERNING BODY BEFORE FILING THE FORM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION ENFORCES THE CONFLICT OF INTEREST POLICY BY REQUIRING THAT ALL DIRECTORS AND OFFICERS COMPLETE A NEW DISCLOSURE FORM ANNUALLY, AND DISCLOSE CONFLICTS OF INTEREST WHEN THEY ARISE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSTION FOR THE EXECUTIVE DIRECTOR WAS SET BY THE BOARD OF DIRECTORS. VARO VENTURES WAS HIRED AS A CONSULTANT TO FULFILL THE ROLE OF EXECUTIVE DIRECTOR. THE CONSULTANT FILLING THIS ROLE FOR VARO VENTURES IS CAROLINE CUMMINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THERE ARE NO EMPLOYEES OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6PUBLIC RELATIONS & EDUCATION 30,574 0 0 DEVELOPMENT CONSULTANTS 0 0 57,658 VENTURE CATALYST CONSULTING 128,386 0 14,265 OTHER CONSULTING 375 50 75 TOTAL 159,335 50 71,998
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/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
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IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt0390787
IRS990/TotalAssetsGrp/BOYAmt074202
IRS990/TotalAssetsGrp/EOYAmt0390787
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IRS990/TotalContributionsAmt0886250
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt093645
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt034872
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0522321
IRS990/TotalFunctionalExpensesGrp/TotalAmt0650838
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04815
IRS990/TotalLiabilitiesEOYAmt067328
IRS990/TotalLiabilitiesGrp/BOYAmt04815
IRS990/TotalLiabilitiesGrp/EOYAmt067328
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt069387
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0323459
IRS990/TotalProgramServiceExpensesAmt0522321
IRS990/TotalReportableCompFromOrgAmt0228000
IRS990/TotalRevenueGrp/ExclusionAmt06
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0886256
IRS990/TotalVolunteersCnt070
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt074202
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0390787
IRS990/TravelGrp/FundraisingAmt01852
IRS990/TravelGrp/ManagementAndGeneralAmt01234
IRS990/TravelGrp/ProgramServicesAmt09257
IRS990/TravelGrp/TotalAmt012343
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt069387
IRS990/UnrestrictedNetAssetsGrp/EOYAmt016515
IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0EUGENE
IRS990/USAddress/StateAbbreviationCd0OR
IRS990/USAddress/ZIPCd097401
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0OREGONRAIN.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SABRINA PARSONS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIR & SECRETARY
ReturnHeader/BusinessOfficerGrp/PhoneNum05419682982
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-04-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0REGIONAL ACCELERATOR & INNOVATION
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0NETWORK
ReturnHeader/Filer/BusinessNameControlTxt0REGI
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ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt050.226.68.210
ReturnHeader/FilingSecurityInformation/IPDt02019-04-30
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm016:46:53
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0930819646
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/PreparationDt02019-04-29
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KARI YOUNG
ReturnHeader/ReturnTs02019-04-30T16:46:53-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$390,787
Liabilities
$67,328
Net assets
$323,459
Revenue
$886,256
Expenses
$650,838
Net income
$235,418
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
2018Detailed filing. Detailed filing data is available for this year.$0.39$0.07$0.32$0.89$0.65$0.24
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
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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