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EIN 41-1912041

Rain Source Capital

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Lake Geneva
State
Wisconsin
Year formed
1998
Most recent tax filings
2018-06-01
NTEE code, primary
S31: Urban, Community Economic Development
Notice
This nonprofit is terminated or no longer active
Rain Source Capital may be no longer active or terminated. Either the organization hasn't filed a Form 990 in many years and appears to no longer be active, or they marked in their most recent Form 990 that they have closed down.
Description
Rain Source Capital is a non-profit corporation dedicated to promoting community economic development by building the capacity for equity investment. This is accomplished by making equity investments in companies directly from Rain Source Capital and ...
Total revenues
$66,063
2018
Total expenses
$246,490
2018
Total assets
$3,411,532
2018
Num. employees
0
2018

Program areas at Rain Source Capital

Rain Source Capital makes investments to advance strategic imperatives that result in technology-proficient, high growth businesses capable of creating good jobs. They also provide appropriate business expertise to increase the likelihood of success, and assure self-sufficiency for Rain Source Capital by providing a return appropriate for the risk in order to assure the funding permanence and allow the gains to be reinvested in new opportunities. Investment decisions are based on disciplined, professional and sound business evaluation in order to protect the mission of Rain Source capital.rain Source Capital strives to correct identified barriers to Capital formation by building stronger, more accessible, regional and/or locally based pools of Capital. This will lead to a coordinated process to discover, evaluate, and monitor investment opportunities in a given geographic area.

Personnel at Rain Source Capital

NameTitleCompensation
Steven B MercilPresident$0

Financials for Rain Source Capital

RevenuesFYE 06/2018
Total grants, contributions, etc.$0
Program services$63,540
Investment income and dividends$8
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$2,515
Total revenues$66,063

Form 990s for Rain Source Capital

Fiscal year endingDate received by IRSFormPDF link
2018-062019-10-12990View PDF
2017-062018-11-15990View PDF
2016-062017-08-24990View PDF
2015-062016-07-20990View PDF
2014-062015-07-20990View PDF
...and 4 more Form 990s
Data update history
September 30, 2020
Posted financials
Added Form 990 for fiscal year 2018
June 24, 2020
Used new vendors
Identified 2 new vendors, including , and
November 13, 2019
Used new vendors
Identified 1 new vendor, including
October 22, 2018
Posted financials
Added Form 990 for fiscal year 2017
September 21, 2018
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Social advocacy organizationsBusiness and community development organizations
Issues
Community improvementEconomic developmentBusiness and industry
Characteristics
Management and technical assistanceNo full-time employeesTerminated
General information
Address
435 Maxwell St
Lake Geneva, WI 53147
County
Walworth County, WI
Website URL
rainsourcecapital.com/ 
Phone
(651) 632-2140
IRS details
EIN
41-1912041
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1998
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
813319: Social Advocacy Organizations
Parent/child status
Independent
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