Civic Intelligence

Regional Accelerator & Innovation Network of Oregon

990 • Fiscal year 2019 • EIN 46-5544340

Jul 01, 2018 to Jun 30, 2019 • Filed on Feb 06, 2020

Organization ProfileOREGONRAIN.ORG
PO Box 1564Eugene, OR 97440

(541) 968-2982

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.20x

Higher debt load relative to assets than 73% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

64th percentile

0.08x

Higher debt load relative to revenue than 64% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

21st percentile

-9.7%

Higher net margin than 21% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

92nd percentile

$130,000

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 16.2% of source-year revenue.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

9th percentile

-21%

Faster asset growth than 9% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

25th percentile

-9.6%

Faster revenue growth than 25% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets73rd percentile

Assets

Down

$308,139

Down $82,648 (-21%) from 2018

Net Assets

Down

$245,528

Down $77,931 (-24%) from 2018

Liabilities

Down

$62,611

Down $4,717 (-7.0%) from 2018

Revenue And Expenses
Liabilities / Revenue64th percentileNet Margin21st percentile

Revenue

Down

$801,510

Down $84,746 (-9.6%) from 2018

Expenses

Up

$879,441

Up $228,603 (+35%) from 2018

Net Income

Down

-$77,931

Down $313,349 (-133%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth9th 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

2019

Assets$308,139
Liabilities$62,611
Net Assets$245,528
Open 2019 Filing

Operations Trend

Revenue Growth25th 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

2019

Revenue$801,510
Expenses$879,441
Net Income-$77,931
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Feb 6, 2020
Return Version
2018v3.2
Gross Receipts
$801,510
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
Pledges and Grants Receivable$148,410$167,500▲ $19,090
Cash and Non-Interest-Bearing Accounts$233,865$134,639▼ $99,226
Prepaid Expenses and Deferred Charges$8,512$6,000▼ $2,512
Total Assets$390,787$308,139▼ $82,648
Liabilities
Other Liabilities$62,611$62,611→ $0
Accounts Payable and Accrued Expenses$4,717--
Total Liabilities$67,328$62,611▼ $4,717
Net Assets / Fund Balance
Temporarily Rstr Net Assets$306,944$132,471▼ $174,473
Unrestricted Net Assets$16,515$113,057▲ $96,542
Total Net Assets Fund Balance$323,459$245,528▼ $77,931
Total Liabilities and Net Assets / Fund Balance$390,787$308,139▼ $82,648
Compensation and Service Providers
Top Officer Pay92nd percentile

Employees

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

Board Members and Trustees

NameTitle
Sabrina ParsonsChair & Secr
Biff TraberDirector
Brian WallDirector
Dana SiebertDirector
David ConoverDirector
Lucy VinisDirector
Nick FowlerDirector
Skip RungDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$801,503
Program Service Revenue
$0
Investment Income
$7
Other Revenue
$0
All Other Contributions
$153,503
Change in Net Assets
$-77,931

Audited Revenue Reconciliation

Revenue per Audited Statements
$801,510
Total Revenue per Audited Statements
$801,510
Total Revenue per Form 990
$801,510
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$747,774
Total Fundraising Expense$139,824
Salaries, Compensation, and Employee Benefits$126,667
Grants and Similar Amounts Paid$5,000
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$202,610-$116,472$319,082
Current Officers, Directors, Trustees, and Key Employees$95,000$12,667$19,000$126,667
Travel$17,273$2,303$3,454$23,030
Fees for Services Accounting-$16,004-$16,004
Grants to Domestic Orgs$5,000--$5,000
Fees for Services Legal-$4,491-$4,491
Insurance-$2,572-$2,572
Office Expenses-$2,350-$2,350
Other Expenses$3,515$2,088-$2,088
Advertising--$898$898
All Other Expenses-$829-$829
Total Functional Expenses$696,313$43,304$139,824$879,441

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$879,441
Total Expenses per Audited Statements$879,441
Total Expenses per Form 990$879,441
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 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
Sabrina Parsons
Title
Chair & Secretary
Phone
5419682982
Signed
2020-02-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sabrina Parsons
Formed
2014
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
34

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 out with our events. We additionally have eight people who serve on our board of directors.”

Form 990, Part IX, Line 11G

“Public relations & education 34,603 0 8,648 development consultants 0 0 89,157 venture catalyst consulting 168,007 0 18,667 total 202,610 0 116,472”

Raw XML Appendix387 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 OUT WITH OUR EVENTS. WE ADDITIONALLY HAVE EIGHT PEOPLE WHO SERVE ON OUR 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 34,603 0 8,648 DEVELOPMENT CONSULTANTS 0 0 89,157 VENTURE CATALYST CONSULTING 168,007 0 18,667 TOTAL 202,610 0 116,472
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
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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/SignatureDt02020-02-06
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ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$308,139
Liabilities
$62,611
Net assets
$245,528
Revenue
$801,510
Expenses
$879,441
Net income
-$77,931
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
2019Detailed filing. Detailed filing data is available for this year.$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
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