Overview
What is Collaborative Effort Inc?
Collaborative Effort Inc, operating under the name RAIN Incubator, is a nonprofit based in Tacoma, Washington. Their primary focus is on fostering hands-on science education, particularly in the fields of biotechnology, healthcare, and academic research. This is done for high school and college students in the South Puget Sound region. Through their programs, RAIN aims to cultivate critical thinking skills and teach laboratory techniques, ultimately preparing students for careers in these fields. The organization also offers educational opportunities for veterans, late high school students, and those seeking a career change. In response to the pandemic, RAIN developed new curricula and restarted some of their programs, including the Superheroes of Science lecture series and the Waterversity program, which trains individuals for jobs in the water treatment sector. During this time, they also noticed an expected 10,000 job openings each year between 2021 and 2031 in the water treatment fields, offering a living wage and supporting communities. RAIN's efforts don't stop at education; they also empower life science start-ups and small businesses and conduct research in their downtown facility, contributing to the growth of the life science and technology industries in Tacoma, Washington. Overall, RAIN Incubator is dedicated to promoting scientific learning and career opportunities in their community.
Official website here: www.rainincubator.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating)
Collaborative Effort Inc obtained a 69% overall score on Charity Navigator, indicating areas that require attention despite some strengths. The organization has a commendable Culture & Community Score of 97 and a perfect Leadership & Adaptability Score of 100, showcasing its strong commitment to community engagement and effective leadership practices. Additionally, it has a high percentage of independent board members, which enhances governance.
However, there are notable concerns regarding accountability and finance, reflected in a score of 61. The organization lacks a whistleblower policy and a document retention and destruction policy, which are critical for transparency and accountability. Although the material diversion of assets is not an issue, a liabilities to assets ratio of 65.29% raises some flags about financial stability.
Overall, Collaborative Effort Inc demonstrates potential through effective leadership and community involvement. Still, it must address its governance policies and financial practices to improve its rating and ensure sustainable operations in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Collaborative Effort Inc legitimate?
Collaborative Effort Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Collaborative Effort Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $202,632
For more financial information, click here
Official website here: www.rainincubator.org
What is the mission statement of Collaborative Effort Inc?
Collaborative Effort Inc, through its initiative RAIN, is committed to fostering the growth of the life science and technology industries. RAIN offers hands-on educational experiences to local students, empowering life science start-ups and small businesses, and conducts research in its facility. During the pandemic, RAIN developed new educational programs and resumed its Superheroes of Science lecture series. Additionally, RAIN expanded its Waterversity program, training individuals for jobs in the water treatment sector, which has a high demand and offers living wages. The program attracted over 80 students, preparing them to become operator-in-training in this field.
Official website here: www.rainincubator.org
What is the revenue of Collaborative Effort Inc?
Collaborative Effort Inc's revenue in 2023 was $588,242.
Official website here: www.rainincubator.org
Who are the executives of Collaborative Effort Inc and what are their salaries?
The average compensation at Collaborative Effort Inc during 2023 was $16,886. There are 12 employees and 1 volunteer at Collaborative Effort Inc.
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Official website here: www.rainincubator.org
Where can I find the form 990 for Collaborative Effort Inc?
Collaborative Effort Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.rainincubator.org
Learn more at the official website: www.rainincubator.org
Mission Statement of Collaborative Effort Inc
Collaborative Effort Inc, operating under the name RAIN, is committed to fostering the growth of the life science and technology industries. Its mission is to promote the expansion of these sectors in Tacoma, Washington. To accomplish this, RAIN provides various services. It offers hands-on educational experiences for local high school and college students, empowering them with critical thinking skills and laboratory techniques relevant to biotechnology, healthcare, and academic research. Furthermore, RAIN supports life science start-ups and small businesses, offering a conducive environment for their development and success. Additionally, RAIN conducts research within its downtown facility, contributing to the advancement of these industries.
In the face of the pandemic, RAIN had to pause several of its educational programs due to safety concerns. However, this period was not wasted. RAIN utilized this time to develop new curricula, such as a weekly bioengineering program for high school students and a potential synthetic biology club for high school and college students. Furthermore, RAIN restarted its Superheroes of Science lecture series, inviting renowned scientists to share their current research with the community. Additionally, RAIN expanded its Waterversity program, training individuals for jobs in the water treatment sector. This program is particularly beneficial, as the US Bureau of Labor Statistics anticipates approximately 10,000 job openings annually between 2021 and 2031 in this field, and these jobs typically pay a living wage while also benefiting their communities. In total, approximately 80 students completed at least one Waterversity course, qualifying them to become operator-in-training.
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Impact
July, 2024
Collaborative Effort Inc, through its initiative RAIN, is making a significant impact in promoting the growth of the life science and technology industries in Tacoma, WA. By providing hands-on science education programs for high school and college students in the South Puget Sound region, Collaborative Effort Inc is fostering talent and creating opportunities for future jobs in biotechnology, healthcare, and academic research.
Despite the challenges posed by the ongoing pandemic, Collaborative Effort Inc has adapted its programs to continue offering valuable educational experiences. From developing curricula for bioengineering programs to restarting the Superheroes of Science lecture series featuring renowned scientists, the organization is empowering students with science-based critical thinking skills and laboratory techniques essential for careers in the industry.
Furthermore, through initiatives like the Waterversity program, Collaborative Effort Inc is addressing the need for skilled professionals in the water treatment sector. By training individuals for jobs that support their communities and offer a living wage, the organization is not only preparing students for successful careers but also contributing to the overall growth of the local economy.
Overall, Collaborative Effort Inc's impact is evident in its dedication to nurturing talent, supporting small businesses, and conducting research to advance the life science and technology sectors in Tacoma, WA.
This information is meant to be a general summary of Collaborative Effort Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $87
- Program Service Revenue: $155,233
- Gross Receipts: $588,242
Assets and Liabilities:
- Total Assets: $474,011
- Total Liabilities: $309,501
- Net Assets: $164,510
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Research & Contracts
Revenue
$85,702
Lab Use Fees
Revenue
$69,531
Program 3
Revenue
$0
Program 4
Revenue
$0
Program 5
Revenue
$0
Organization Details
Founding Year
2013
Principal Officer
Ken Mcdonald
Website
www.rainincubator.orgNTEE Category
Code: G99 - Disease
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