Totals
- Total revenue
- $1,003,748
- Total expenses
- $1,008,851
- Contributions and grants received
- $743,922
- Grants paid
- $0
- Program service revenue
- $260,105
- Investment income
- -$279
- Other revenue
- $0
- Total assets, end of year
- $474,011
- Total liabilities, end of year
- $309,501
- Net assets or fund balances, end of year
- $164,510
- Program services expenses (Part IX)
- $671,497
- Management and general expenses
- $274,810
- Fundraising expenses
- $62,544
- Program service expenses (Part III)
- $671,497
Program services were 66.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1a · Federated campaigns
$0
-
1b · Membership dues
$0
-
1c · Fundraising events
$0
-
1d · Related organizations
$0
-
1e · Government grants (contributions)
$425,786
-
1f · All other contributions, gifts and grants
$318,136
-
1g · Noncash contributions included above
$72,000
-
2a · Program service revenue: Research & Contracts
total $176,492 · related or exempt $176,492 · unrelated business $0 · excluded $0
-
2b · Program service revenue: Lab Use Fees
total $83,613 · related or exempt $83,613 · unrelated business $0 · excluded $0
-
2c · Program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
2d · Program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
2e · Program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total -$279 · related or exempt $0 · unrelated business $0 · excluded -$279
-
4 · Income from investment of tax-exempt bond proceeds
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
5 · Royalties
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
6a · Gross rents
real property $0 · personal property $0
-
6b · Less rental expenses
real property $0 · personal property $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
7a · Gross sales of assets other than inventory
securities $0 · other assets $0
-
7b · Less cost or other basis and sales expenses
securities $0 · other assets $0
-
7c · Gain or loss
securities $0 · other assets $0
-
7d · Net gain or loss
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
8a · Fundraising events: gross income
$0
-
8a · Fundraising events: contributions included on line 1c
$0
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0 · unrelated business $0 · excluded $0
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11a · Other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11b · Other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11c · Other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0 · program services $0
-
2 · Grants to domestic individuals
total $0 · program services $0
-
3 · Grants to foreign organizations and individuals
total $0 · program services $0
-
4 · Benefits paid to or for members
total $0 · program services $0
-
5 · Compensation of officers, directors and key employees
total $0 · program services $0 · management and general $0 · fundraising $0
-
6 · Compensation of disqualified persons
total $0 · program services $0 · management and general $0 · fundraising $0
-
7 · Other salaries and wages
total $468,891 · program services $296,433 · management and general $150,312 · fundraising $22,146
-
8 · Pension plan contributions
total $0 · program services $0 · management and general $0 · fundraising $0
-
9 · Other employee benefits
total $0 · program services $0 · management and general $0 · fundraising $0
-
10 · Payroll taxes
total $36,295 · program services $22,631 · management and general $11,916 · fundraising $1,748
-
11a · Fees: management
total $103,768 · program services $88,968 · management and general $11,950 · fundraising $2,850
-
11b · Fees: legal
total $536 · program services $0 · management and general $536 · fundraising $0
-
11c · Fees: accounting
total $31,031 · program services $0 · management and general $31,031 · fundraising $0
-
11d · Fees: lobbying
total $0 · program services $0 · management and general $0 · fundraising $0
-
11e · Fees: professional fundraising services
total $28,495 · fundraising $28,495
-
11f · Fees: investment management
total $0 · program services $0 · management and general $0 · fundraising $0
-
11g · Fees: other
total $0 · program services $0 · management and general $0 · fundraising $0
-
12 · Advertising and promotion
total $2,559 · program services $746 · management and general $0 · fundraising $1,813
-
13 · Office expenses
total $24,451 · program services $12,589 · management and general $11,508 · fundraising $354
-
14 · Information technology
total $8,381 · program services $199 · management and general $8,182 · fundraising $0
-
15 · Royalties
total $0 · program services $0 · management and general $0 · fundraising $0
-
16 · Occupancy
total $128,840 · program services $96,286 · management and general $29,389 · fundraising $3,165
-
17 · Travel
total $1,443 · program services $0 · management and general $0 · fundraising $1,443
-
18 · Travel or entertainment for public officials
total $0 · program services $0 · management and general $0 · fundraising $0
-
19 · Conferences, conventions and meetings
total $0 · program services $0 · management and general $0 · fundraising $0
-
20 · Interest
total $0 · program services $0 · management and general $0 · fundraising $0
-
21 · Payments to affiliates
total $0 · program services $0 · management and general $0 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $38,478 · program services $30,312 · management and general $8,166 · fundraising $0
-
23 · Insurance
total $21,220 · program services $16,171 · management and general $4,519 · fundraising $530
-
24a · Other expenses: Program Supplies
total $66,335 · program services $66,335 · management and general $0 · fundraising $0
-
24b · Other expenses: Contract Reimbursable Expenses
total $35,574 · program services $35,574 · management and general $0 · fundraising $0
-
24c · Other expenses: Business Licenses & Local Taxes
total $10,651 · program services $3,350 · management and general $7,301 · fundraising $0
-
24d · Other expenses: Volunteer Engagement
total $1,903 · program services $1,903 · management and general $0 · fundraising $0
-
24e · All other expenses
total $0 · program services $0 · management and general $0 · fundraising $0
-
26 · Joint costs (an allocation of the lines above)
total $0 · program services $0 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $116,841 · end of year $18,848
-
2 · Savings and temporary cash investments
beginning of year $5,115 · end of year $80,154
-
3 · Pledges and grants receivable
beginning of year $0 · end of year $0
-
4 · Accounts receivable
beginning of year $37,006 · end of year $110,939
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $14,617 · end of year $3,064
-
10a · Land, buildings and equipment: cost or other basis
$382,849
-
10b · Land, buildings and equipment: accumulated depreciation
$121,843
-
10c · Land, buildings and equipment, net
beginning of year $289,057 · end of year $261,006
-
11 · Investments: publicly traded securities
beginning of year $0 · end of year $0
-
12 · Investments: other securities
beginning of year $0 · end of year $0
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $0 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $39,228 · end of year $46,376
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $0 · end of year $0
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $249,832 · end of year $261,475
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $1,850 · end of year $1,650
-
27 · Net assets without donor restrictions
beginning of year $171,726 · end of year $164,510
-
28 · Net assets with donor restrictions
beginning of year $0 · end of year $0
Mission and programs · 2022
Mission
RAIN's mission is to promote the growth of the life science and technology industries in Tacoma WA. RAIN provides hands-on educational experiences for local students empowers life science start-ups and small businesses and executes research in our downtown facility.
Activities or mission (Part I)
RAIN is a life-science innovation hub growing talent and jobs in biotechnology.
-
RAIN Education: RAIN Education is focused on hands-on science education for high school and college students in the South Puget Sound region. These programs promote and help develop science-based critical thinking skills and teach laboratory techniques and skills used in biotechnology healthcare and academic research. As the pandemic continued well into 2022 several of RAIN's educational programs remained on hold due to safety concerns; however RAIN used this time to develop curricula including that for a weekly bioengineering program for high school students and a potential synthetic biology club for high school and college students. RAIN also restarted the Superheroes of Science lecture series that brings world-class scientists to present their current research to the community. During 2022 RAIN also expanded its Waterversity program which trains individuals for jobs in the water treatment sector. According to the US Bureau of Labor Statistics there will be approximately 10,000 job openings each year between 2021 and 2031 in the water treatment fields and these jobs generally pay a living wage and support their communities. Approximately 80 students completed at least one Waterversity course which qualifies them to take the state test to become an operator-in-training. This program is oriented to veterans late high school students those who are looking for a new career field and others.
Expenses $279,068
-
RAIN Incubator: RAIN works to attract create and or retain small life-science and biotechnology companies in the Tacoma area. RAIN provides access to laboratory spaces networking technical support and consulting. In 2022 five companies utilized RAIN's laboratory spaces. These companies focused on biotechnology logistics contract protein production environmental technologies and process chemistry. These young companies provide internships and essential industry experience for students. This promotes strong relationships that help keep these companies local. RAIN also has a commercial kitchen and during 2022 RAIN hosted eight food vendors who sell products at local farmers and night markets. These small food companies are vibrant members of the Tacoma small business community who create jobs and contribute to the high quality of life in the South Sound region.
Expenses $122,950 · Revenue $83,613
-
RAIN Research: RAIN Research provides contract services to established firms that align with our mission to provide opportunity in the life-science industry with an emphasis on equity innovation and collaboration. These projects create jobs for interns and trained students provide critical funding for RAIN and generate income for our incubator companies. Additionally during 2022 RAIN continued its critical research into COVID19 virus distribution in Pierce County as well as immunity in people who contracted or were vaccinated against COVID19. RAIN also initiated research on bioengineering of bacteria and detection of environmental DNA from invasive aquatic species in Puget Sound.
Expenses $269,479 · Revenue $176,492
As filed on the 2022 return.
Listed in Part VII
-
Jeff Watts
Board Chair
- Total calculated
- $0
- Hours/week
- 0.5
-
Paul Amaroso MD
Co-Founder
- Total calculated
- $0
- Hours/week
- 0.5
-
David Hirschberg PhD
Founder
- Total calculated
- $0
- Hours/week
- 0.5
-
Janet Kruzel
Board Member
- Total calculated
- $0
- Hours/week
- 0.5
-
Ken McDonald
Interim Executive Director
- Total calculated
- $0
- Hours/week
- 20
-
Michelle Miller
Board Member
- Total calculated
- $0
- Hours/week
- 0.5
-
Marylinn Munson
Board Member
- Total calculated
- $0
- Hours/week
- 0.5
-
Gustavo Palacios PhD
Board Member
- Total calculated
- $0
- Hours/week
- 0.5
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 14 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202303189349308160
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