Overview
What is Regional Accelerator & Innovation Network?
The Regional Accelerator & Innovation Network, often referred to as RAIN Catalysts, is a nonprofit organization based in Eugene, Oregon. Their primary mission is to foster inclusive entrepreneurial ecosystems and innovation economies in communities across Oregon, Washington, and beyond. They accomplish this by engaging with local stakeholders, mapping out existing assets, leveraging strengths, identifying gaps, and initiating programming tailored to the needs of the specific community's entrepreneurs. RAIN Catalysts is dedicated to connecting entrepreneurs, including those often overlooked, to essential resources, aiming to contribute to the creation of prosperous economies. They have a small team of 1 employee.
Official website here: www.raincatalysts.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Regional Accelerator & Innovation Network has achieved an impressive 96% score, which translates to a Four-Star rating, indicating a high level of accountability and financial health. This rating is derived solely from its Accountability & Finance metrics, showcasing the organization's commitment to transparency and responsible financial management.
Strengths highlighted in the rating include a fully independent board of directors and strong oversight mechanisms, such as a well-functioning audit and oversight committee. The organization has demonstrated a clean record with no material diversion of assets and maintains robust policies, including conflict of interest and whistleblower policies. Additionally, it allocates a significant majority of its expenses—85.05%—toward program services, reflecting a strong focus on its mission.
No significant limitations were noted in the data, which further emphasizes the organization's solid governance practices and financial stability. Overall, the Regional Accelerator & Innovation Network appears to be a trustworthy nonprofit with a strong commitment to effective stewardship of resources.
This AI summary has been generated from information found on Charity Navigator.
Is Regional Accelerator & Innovation Network legitimate?
Regional Accelerator & Innovation Network is a legitimate nonprofit organization registered as a 501(c)(3) entity. Regional Accelerator & Innovation Network 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: $147,600
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.raincatalysts.org
What is the mission statement of Regional Accelerator & Innovation Network?
The Regional Accelerator & Innovation Network (RAIN) aims to collaborate with communities to foster inclusive entrepreneurial ecosystems. By connecting entrepreneurs to essential resources, including those often overlooked, RAIN contributes to the creation of prosperous economies. RAIN's approach is community-focused, involving itself in existing activities, engaging local stakeholders, listening, mapping ecosystem assets, leveraging strengths, identifying gaps, and tailoring programming to meet the specific needs of a community's entrepreneurs.
Official website here: www.raincatalysts.org
Who is the CEO of Regional Accelerator & Innovation Network?
Erin Reynolds is the President of Regional Accelerator & Innovation Network. The CEO's salary of Regional Accelerator & Innovation Network is $142,833 and their total compensation is $142,833.
Official website here: www.raincatalysts.org
What is the revenue of Regional Accelerator & Innovation Network?
Regional Accelerator & Innovation Network's revenue in 2022 was $1,539,645.
Official website here: www.raincatalysts.org
Who are the executives of Regional Accelerator & Innovation Network and what are their salaries?
The average compensation at Regional Accelerator & Innovation Network during 2022 was $147,600. There is 1 employee and 33 volunteers at Regional Accelerator & Innovation Network.
Here are 12 key members and their salaries (Regional Accelerator & Innovation Network's CEO's salary is $142,833 and their total compensation is $142,833):
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Official website here: www.raincatalysts.org
Where can I find the form 990 for Regional Accelerator & Innovation Network?
Regional Accelerator & Innovation Network's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.raincatalysts.org
Learn more at the official website: www.raincatalysts.org
Mission Statement of Regional Accelerator & Innovation Network
The Regional Accelerator & Innovation Network (RAIN) is committed to collaborating with communities to catalyze inclusive entrepreneurial ecosystems. By partnering with various localities, RAIN strives to connect entrepreneurs, particularly those often overlooked, to essential resources, ultimately contributing to the formation of thriving economies. RAIN's approach is investigative and non-prescriptive, which means they actively engage in existing community activities and conversations, engage local stakeholders, listen, map ecosystem assets, identify and leverage strengths, identify gaps, and create programming tailored to meet the specific needs of a community's entrepreneurs.
In essence, RAIN serves as a connector and catalyst, fostering an environment where entrepreneurs from all backgrounds can flourish. By identifying and addressing the unique challenges and opportunities within each community, RAIN contributes to the development of innovative economies that promote economic growth and prosperity for all. In doing so, RAIN's mission is to empower local entrepreneurs and help build resilient, inclusive communities.
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Impact
July, 2024
The Regional Accelerator & Innovation Network's impact is significant in fostering inclusive entrepreneurial ecosystems and driving innovation economies in communities across Oregon, Washington, and beyond. By partnering with communities and engaging in a community-informed approach, RAIN plays a crucial role in connecting entrepreneurs, including overlooked individuals, to resources and opportunities. Through its investigative approach, RAIN identifies strengths, gaps, and ecosystem assets within each community, tailoring its programming to meet the specific needs of local entrepreneurs. This hands-on, collaborative model has contributed to the creation of prosperous economies and the overall improvement of communities where RAIN is active.
This information is meant to be a general summary of Regional Accelerator & Innovation Network. 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 2022.
- Gross Receipts: $1,539,645
Assets and Liabilities:
- Total Assets: $836,093
- Total Liabilities: $19,726
- Net Assets: $816,367
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Organization Details
Founding Year
2014
Phone
(541) 968-2982Principal Officer
Erin Reynolds
Main Address
PO BOX 1564, EUGENE, OR, 97440
Website
www.raincatalysts.orgNTEE Category
Code: S30 - Community improvement
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