Civic Intelligence

Regional Accelerator & Innovation Network of Oregon

990 • Fiscal year 2022 • EIN 46-5544340

Jul 01, 2021 to Jun 30, 2022 • Filed on May 10, 2023

Organization ProfileRAINCATALYSTS.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

38th percentile

0.02x

Higher debt load relative to assets than 38% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

27th percentile

0.01x

Higher debt load relative to revenue than 27% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

79th percentile

29%

Higher net margin than 79% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

82nd percentile

$142,833

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 9.3% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

94th percentile

108%

Faster asset growth than 94% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

92nd percentile

116%

Faster revenue growth than 92% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets38th percentile

Assets

Up

$836,093

Up $433,404 (+108%) from 2021

Net Assets

Up

$816,367

Up $413,678 (+103%) from 2021

Liabilities

Up

$19,726

Up $19,726 from 2021

Revenue And Expenses
Liabilities / Revenue27th percentileNet Margin79th percentile

Revenue

Up

$1,539,645

Up $827,221 (+116%) from 2021

Expenses

Up

$1,097,169

Up $497,380 (+83%) from 2021

Net Income

Up

$442,476

Up $329,841 (+293%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth94th 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

2022

Assets$836,093
Liabilities$19,726
Net Assets$816,367
Open 2022 Filing

Operations Trend

Revenue Growth92nd 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

2022

Revenue$1,539,645
Expenses$1,097,169
Net Income$442,476
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 10, 2023
Return Version
2021v4.0
Gross Receipts
$1,539,645
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.

Rain's mission is to partner with communities to catalyze inclusive 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$69,752$545,988▲ $476,236
Cash and Non-Interest-Bearing Accounts$332,937$290,105▼ $42,832
Total Assets$402,689$836,093▲ $433,404
Liabilities
Accounts Payable and Accrued Expenses-$19,726-
Total Liabilities$0$19,726▲ $19,726
Net Assets / Fund Balance
Net Assets With Donor Restrictions$126,279$612,028▲ $485,749
Net Assets Without Donor Restrictions$276,410$204,339▼ $72,071
Total Net Assets Fund Balance$402,689$816,367▲ $413,678
Total Liabilities and Net Assets / Fund Balance$402,689$836,093▲ $433,404
Compensation and Service Providers
Top Officer Pay82nd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Caroline CummingsCEOFT$142,833$142,833

Board Members and Trustees

NameTitle
Erin ReynoldsPresident
Adenola OsinubiDirector
Artees VannettDirector
Dr Ifzal AhmadDirector
Juan BarrazaDirector
Mario Magana AlvarezDirector
Ranjit GhoshalDirector
Robert GableDirector
Tanya MorrisDirector
Katrina HullSecretary
Alicia Leduc MontgomeryTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Caroline CummingsContract CeoPO BOX 1521, Eugene, OR 97440$142,833
Revenue and Support

Revenue Composition

Contributions and Grants
$1,539,645
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$236,000
Change in Net Assets
$442,476
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$949,569
Salaries, Compensation, and Employee Benefits$147,600
Total Fundraising Expense$45,843
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$708,613$58,066$30,864$797,543
Current Officers, Directors, Trustees, and Key Employees$118,080$14,760$14,760$147,600
Information Technology$76,000$4,230-$80,230
Fees for Services Accounting-$17,563-$17,563
Travel$12,764$1,175-$13,939
Fees for Services Legal$681$3,162-$3,843
Office Expenses$3,424$193-$3,617
Insurance-$3,454-$3,454
Advertising$3,317--$3,317
Other Expenses$13$707$219$720
All Other Expenses$198$19-$217
Total Functional Expenses$935,004$116,322$45,843$1,097,169
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
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
Rain Catalysts

Signing Officer

Name
Caroline Cummings
Title
CEO
Phone
5419682982
Signed
2023-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Erin Reynolds
Formed
2014
Legal Domicile
Or
Voting Board Members
11
Independent Board Members
11
Employees
1
Volunteers
33

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

“Rain's mission is to partner with communities to catalyze inclusive 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, eleven people serve on the board of directors.”

Form 990, Part IX, Line 11G

“Public relations & education 7,072 837 0 development consultants 43,200 37,800 27,000 venture catalyst consulting 259,868 0 0 other consulting services 394,473 19,429 3,864 other professional fees 4,000 0 0 total 708,613 58,066 30,864”

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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/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, ELEVEN 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 7,072 837 0 DEVELOPMENT CONSULTANTS 43,200 37,800 27,000 VENTURE CATALYST CONSULTING 259,868 0 0 OTHER CONSULTING SERVICES 394,473 19,429 3,864 OTHER PROFESSIONAL FEES 4,000 0 0 TOTAL 708,613 58,066 30,864
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/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0CAROLINE CUMMINGS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
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ReturnHeader/BusinessOfficerGrp/SignatureDt02023-05-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0REGIONAL ACCELERATOR & INNOVATION
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ReturnHeader/PreparerPersonGrp/PreparationDt02023-05-10
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ReturnHeader/ReturnTs02023-05-10T17:28:27-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0CAROLINE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0CUMMINGS
ReturnHeader/TaxPeriodBeginDt02021-07-01
ReturnHeader/TaxPeriodEndDt02022-06-30
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$836,093
Liabilities
$19,726
Net assets
$816,367
Revenue
$1,539,645
Expenses
$1,097,169
Net income
$442,476
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
2022Detailed filing. Detailed filing data is available for this year.$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
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