Rain Alliance Inc
- Assets
- $1.1m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Wakefield, MA
- Founding
- Data as of
- 12/2023
- EIN
- 85-4165115
Organization Overview
Rain Alliance Inc is located in Wakefield, MA. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rain Alliance Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Rain Alliance Inc generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $1.2m during the year ending 12/2023. While expenses have increased by 15.4% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE RAIN ALLIANCE IS A CONSORTIUM OF COMPANIES THAT TOGETHER WANT TO CREATE A SMARTER AND MORE SUSTAINABLE WORLD BY USING RAIN RFID TECHNOLOGY TO CONNECT TRILLIONS OF EVERYDAY ITEMS ACROSS THEIR ENTIRE LIFECYCLE, SIMPLY AND INEXPENSIVELY. THE RAIN ALLIANCE DRIVES AWARENESS AND FOSTERS MARKET ADOPTION OF RAIN TECHNOLOGY AND SUPPORTS THE DEVELOPMENT OF THE RAIN BRAND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2023, THE ALLIANCE PUBLISHED 25 NEW RESOURCES ON TOPIC OF RAIN RFID TO THEIR WEBSITE. THIS INCLUDES BEST PRACTICES, GUIDELINES, WEBINARS AND PRESENTATIONS. THERE WERE ALSO 9 BLOGS POSTED, AND NUMEROUS NEWS ARTICLES/MEMBER NEWS SHARED.
THE RAIN ALLIANCE HOLDS ANNUAL IN-PERSON CONFERENCES FOR BOTH MEMBERS AND NON-MEMBERS. IN 2023, RAIN ALLIANCE HOSTED TWO CONFERENCES, ONE IN SEATTLE, WASHINGTON IN JUNE AND ONE IN WIESBADEN, GERMANY IN OCTOBER. THE CONFERENCES INCLUDED EXPERT SPEAKERS, NETWORKING OPPORTUNITIES, AND MEETINGS OF RAIN ALLIANCE WORKING GROUPS FOCUSED ON THE TECHNOLOGY AND VARIOUS INDUSTRY SECTORS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathan Aitken Chairperson | OfficerTrustee | 2 | $0 |
Lewis Lin Treasurer | OfficerTrustee | 2 | $0 |
Pierre Muller Secretary | OfficerTrustee | 2 | $0 |
Herve D'halluin Director | Trustee | 2 | $0 |
Juho Partanen Director | Trustee | 2 | $0 |
Ralf Kodritsch Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Virtual Inc Management Services | 12/30/23 | $356,700 |
Aidari Sustainable Business President Services | 12/30/23 | $347,455 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,240,379 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,240,379 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $857,140 |
| Fees for services: Legal | $8,658 |
| Fees for services: Accounting | $1,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,025 |
| Office expenses | $16,856 |
| Information technology | $14,930 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $36,766 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $174,812 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,443 |
| All other expenses | $92 |
| Total functional expenses | $1,173,054 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $615,250 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $432,356 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $34,126 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,081,732 |
| Accounts payable and accrued expenses | $79,999 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $79,999 |
| Net assets without donor restrictions | $1,001,733 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,081,732 |