REGIONAL ACCELERATOR & INNOVATION NETWORK | RAIN

EUGENE, OR | Lane County
Economic Development

Overview

REGIONAL ACCELERATOR & INNOVATION NETWORK | RAIN
46-5544340
942 OLIVE ST
EUGENE, OR 97401
Lane County
(541) 968-2982

caroline@oregonrain.org
Mission Statement info

THE REGIONAL ACCELERATOR & INNOVATION NETWORK (OREGON RAIN) HELPS ADVANCE THE FORMATION OF LOCAL-IMPACT, INNOVATIVE STARTUP COMPANIES THAT GENERATE JOBS, WEALTH, AND OPPORTUNITIES FOR THE STATE OF OREGON. OREGON RAIN IS HELPING RURAL COMMUNITIES MOVE FROM "SMOKESTACK CHASING" TO "GROWING YOUR OWN." ONCE IN A COMMUNITY, OREGON RAIN TAKES A “SHUT UP AND LISTEN” APPROACH TO DEVELOPING COMMUNITY-INFORMED STRATEGIES AND PROGRAMMING THAT ADDRESS RESOURCE GAPS. OREGON RAIN'S RURAL ENTREPRENEURIAL DEVELOPMENT MODEL HELPS BUILD ENTREPRENEURIAL ECOSYSTEMS BY CONNECTING SYSTEMICALLY OVERLOOKED ENTREPRENEURS TO THE RESOURCES THEY NEED TO SUCCEED: PEOPLE (MENTORS AND TALENT), PROGRAMS (WORKSHOPS, MEETUPS, PUB TALKS, AND PITCH EVENTS), PHYSICAL ASSETS (SPACE AND EQUIPMENT), AND CAPITAL (GRANTS, CROWDFUNDING, LOANS, AND EQUITY).

CRA Category info
  • Economic Development
Nonprofit location info
  • LMI Census Tract
  • Opportunity Zone
Awards & Certifications info
  • This nonprofit has not received any CRA awards or certifications.
Founded info
Not reported
Total Employees info
Not reported
Total Volunteers info
Not reported
Nonprofit Classification (NTEE Code) info
S30

S - Community Improvement, Capacity Building

Economic Development

Organizations whose primary purpose is to stimulate the economy, expand employment opportunities, encourage the establishment and growth of commerce and industry and otherwise enhance the economic development of the community.

IRS Activity Codes info
-
Not reported
-
Not reported
-
Not reported
Standard Business Classification (NAICS Code) info
813410
Civic and Social Organizations
Targeted Clients info
  • Entrepreneurs
  • Small Businesses
CRA Income Characteristics info
    This nonprofit has claimed its profile but has not yet provided this information.

CRA Alignment

CRA Category info
Economic Development
Workforce development, job training, and small business or startup support.
What does it mean for a nonprofit to be CRA aligned?
Each nonprofit on Community Qualifier has been reviewed by findCRA utilizing a dual evaluation process. Nonprofits are first evaluated by our proprietary algorithm, CRANIA, and then further validated by our CRA experts. When nonprofit passes both parts of this review, we create a nonprofit profile for them on Community Qualifier. From there, a nonprofit can claim their profile and add additional information including their programs & services, counties served, targeted clients and income groups and more.
Programs & Services info

Not reported by nonprofit


This nonprofit has claimed its profile but has not yet provided this information.
Awards & Certifications info
Community Development Financial Institution info
Community Development Financial Institution Award Recipient info
New Market Tax Credit Recipient info
HUD Counseling Agency info
Low Income Housing Tax Credit Recipient info

IRS Summary

Income
$1.5M
Revenue
$1.5M
Assets
$836.1K

IRS Business Master File Details info

As of March 2024
Exempt Ruling Date info
2014-11
Deductibility Status info
Deductible
Last Tax Filing info
2022
Organization Type info
Corporation
Organization Tax Filing Status info
990 (all other) or 990EZ return
Foundation Tax Filing Status info
990-PF not required by IRS
Affiliation Classification info
Independent Organization
Basis for Foundation/Public Charity Status info
Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)

IRS Publication 78 Details info

As of March 2024
Verified in Publication 78 info
Yes
Deductibility Limitation info
50% (60% for cash contributions)
Organization Description info
A public charity

IRS Form 990 Returns info

Through August 2023
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Tax period ending in
2022-06
Tax period ending in
2021-06
Tax period ending in
2020-06
Tax period ending in
2019-06
Tax period ending in
2018-06
Tax period ending in
2017-06
Tax period ending in
2016-06

Nonprofit Location

Physical Address info
942 OLIVE ST
EUGENE, OR 97401
Lane County
Area Type info
Metropolitan Statistical Area
FIPS Geocoded Address info
21660
MSA/MD info
41
State info
039
County info
0039.00
Tract info
Moderate
Income Level info
Core-Based Statistical Area info
21660 - Eugene-Springfield, OR
Combined Statistical Area info
Not located in a CSA.
Metropolitan Division info
Not located in an MD.
Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info 28.75%
FFIEC Designated Distressed Census Tract info
FFIEC Underserved Census Tract info
Geographies Served info

Not reported by nonprofit


This nonprofit has claimed its profile but has not yet provided this information.

Market Data

Census Tract County
0039.00 Lane County
Population
Total Population 4,237 382,218
Total Households 2,127 158,621
Income
Median Family Income (Census*) $37,031 $65,157
Median Family Income (2023 FFIEC est.) $89,100 $89,100
Tract Income Percentage 51.36% N/A
Below Poverty Level 32.5% 16.1%
Unemployment Level 9.4% 6.7%
Housing
Total Housing Units 2,287 166,750
Total Owner-Occupied Units 2.0% 59.3%
Total Renter-Occupied Units 91.0% 40.7%
Total Vacant Units 7.0% 3%
* Census tract income based on 2020 American Community Survey data as reported in the 2023 FFIEC Census Flat File; County income based on 2022 American Community Survey data.
View more than 200 performance context data points for this county now.

Management

11
Total Voting Members
in Governing Body
info
11
Independent Voting Members
in Governing Body
info
Tax Filing Signatory info
Caroline Cummings
(541) 968-2982
Principal Officer info
Erin Reynolds
findCRA Profile Owner
Jennifer Damiani
Director of Development & Operations
jennifer@scoutconsultants.com
Key Policies & Documents info
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Whistleblower Policy
CEO Compensation Review Process
Written Minutes of Board Meetings
Financial Statements & Reporting info
Compiled or Reviewed by an Independent Accountant
Audited by an Independent Accountant
Included in Consolidated Financial Statements
Internal Audit Committee Review
Federal Grant Audit Required
Federal Grand Audit Performed
Organization Activities info
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations

Information in this section is extracted from the nonprofit's e-filed tax return and based on answers provided by the nonprofit in their 990 e-filed for the tax period ending on 2022-06.

A hyphen (“-“) in this section indicates that the information was not required by the IRS or not reported by the nonprofit in its tax return e-filing.

This Nonprofit Profile was created using data available from publicly available government and industry sources, our own research, and information provided directly the nonprofit organization. Whenever possible, we utilize the most recent information available including information as made public by the Internal Revenue Service, U.S. Census Bureau, Federal Financial Institutions Examination Council, and more. The format and design of this Nonprofit Profile is ©findCRA. For more information about our Nonprofit Profiles, please visit help.findcra.com.