RAIN TAXI INC

EIN: 411822994 501(c)(3) Arts, Culture & Humanities

MINNEAPOLIS, MN

Total Revenue
$227,179
Total Expenses
$249,301
Total Assets
$205,876
Net Assets
$201,953
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
MN
Principal Officer
ERIC LORBERER
Phone
6128251528
Tax Period
2023-07-01 to 2024-06-30

RAIN TAXI INC, founded in 1995, is a small nonprofit in the Arts, Culture & Humanities sector that reported $227K in total revenue in fiscal year 2023.

Mission

RAIN TAXI CHAMPIONS AESTHETICALLY ADVENTUROUS LITERATURE

Program Service Accomplishments

Program 1
Expenses: $52,678 Revenue: $976

RAIN TAXI REVIEW OF BOOKS IS A 48-PAGE QUARTERLY WITH REVIEWS FOR FICTION, NONFICTION, POETRY, AND GRAPHIC NOVELS. BETWEEN THE COVERS, READERS FIND AN AVERAGE OF 50 REVIEWS PER ISSUE, IN-DEPTH AUTHOR...

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RAIN TAXI REVIEW OF BOOKS IS A 48-PAGE QUARTERLY WITH REVIEWS FOR FICTION, NONFICTION, POETRY, AND GRAPHIC NOVELS. BETWEEN THE COVERS, READERS FIND AN AVERAGE OF 50 REVIEWS PER ISSUE, IN-DEPTH AUTHOR INTERVIEWS, PROVOCATIVE ESSAYS ON LITERARY TOPICS, EVEN MORE PUBLISHED ON OUR WEBSITE. RAIN TAXI DEVOTES SPACE IN EVERY ISSUE TO NEW POETRY, DEBUT FICTION, AND MANY WORKS IN TRANSLATION. RAIN TAXI IS UNIQUE IN ITS FOCUS ON WORKS PUBLISHED BY INDEPENDENT AND SMALL PRESS PUBLISHING HOUSES, OFTEN OVER-LOOKED BY MAINSTREAM MEDIA. CONSEQUENTLY, MANY OF THE WRITERS AND WRITING FEATURED IN RAIN TAXI ARE REPRESENTATIVE OF A DIVERSE, MULTI-NATIONAL DEMOGRAPHIC. RAIN TAXI REVIEWERS COMPRISE A DEDICATED POOL OF TALENTED WRITERS - IN THE PAST 25 YEARS WE HAVE WORKED WITH OVER 1300 WRITERS. MANY ARE WELL-KNOWN AUTHORS OR UNIVERSITY PROFESSORS WHO ARE ACTIVELY ENGAGED IN THE FIELD, WHILE SOME APPEAR IN PRINT FOR THE FIRST TIME. WE PROVIDE A SIGNIFICANT OPPORTUNITY FOR EMERGING WRITERS TO PUBLISH A RESPECTED INTERNATIONAL VENUE.

Program 2
Expenses: $67,273 Revenue: $40,274

THE ANNUAL TWIN CITIES BOOK FESTIVAL HAS BEEN PRODUCED EVERY OCTOBER SINCE 2001. A DAY-LONG CELEBRATION OF BOOKS AND AUTHORS, THE FESTIVAL GATHERS INTERNATIONAL, NATIONAL, AND LOCAL WRITERS IN THE...

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THE ANNUAL TWIN CITIES BOOK FESTIVAL HAS BEEN PRODUCED EVERY OCTOBER SINCE 2001. A DAY-LONG CELEBRATION OF BOOKS AND AUTHORS, THE FESTIVAL GATHERS INTERNATIONAL, NATIONAL, AND LOCAL WRITERS IN THE TWIN CITIES TO PRESENT NEW WORK. THE EVENT IS FREE AND OPEN TO THE PUBLIC. AUDIENCE ATTENDANCE HAS GROWN STEADILY SINCE ITS INCEPTION AND FOR THE LAST TWELVE YEARS HAS BEEN OVER 6,000 MAKING IT THE BIGGEST FREE LITERARY EVENT IN THE TWIN CITIES. THE FESTIVAL PRESENTS AN ALL-DAY EXHIBIT FEATURING OVER 150 PUBLISHERS, BOOKSELLERS, AND AUTHORS SHOWING OFF THEIR WARES, WITH BOOK SIGNINGS AND SPECIALS. TWO AUDITORIUMS FEATURE AUTHOR READINGS, PANEL DISCUSSIONS, AND WORKSHOPS ON CURRENT LITERARY ISSUES THROUGHOUT THE DAY. A CHILDREN'S PAVILION PRESENTS STORYTELLING, ACTIVITIES, MUSIC, AND CRAFTS. THE TWIN CITIES BOOK FESTIVAL BRINGS ATTENTION TO THE WEALTH AND DIVERSITY OF CONTEMPORARY LITERATURE AND BRINGS PRIDE TO THE TWIN CITIES, A READING CAPITAL.

Program 3
Expenses: $34,148 Revenue: $3,645

EACH YEAR RAIN TAXI SHOWCASES EIGHT TO TEN EMERGING AND ESTABLISHED WRITERS, BOTH LOCAL AND NATIONAL, WHO PUBLISH WITH SMALL AND INDEPENDENT PRESSES. THESE TALENTED WRITERS, WHO COULD BE...

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EACH YEAR RAIN TAXI SHOWCASES EIGHT TO TEN EMERGING AND ESTABLISHED WRITERS, BOTH LOCAL AND NATIONAL, WHO PUBLISH WITH SMALL AND INDEPENDENT PRESSES. THESE TALENTED WRITERS, WHO COULD BE CHARACTERIZED AS "THE ACCESSIBLE AVANT-GARDE," ARE EAGER TO ENGAGE WITH LOCAL AUDIENCES. THEY REPRESENT A WIDE DEMOGRAPHIC, INCLUDING BUT NOT LIMITED TO AFRICAN AMERICAN, ASIAN AMERICAN, LATIN, AND LGBTQ VOICES. OUR READINGS TAKE PLACE IN LOCAL ART GALLERIES, BOOKSTORES, AND COMMUNITY SPACES. SAMPLE EVENTS INCLUDE READINGS BY AUTISTIC POET DJ SAVARESE, NOBEL PRIZE-WINNER OLGA TOKARCZUK, CAROLYN FORCHE, CHERRIE MORAGA, AND TESSA HADLEY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $149,039
Program Service Revenue $60,979
Investment Income $71
Other Revenue $17,090
TOTAL REVENUE $227,179

Expense Breakdown

Grants Paid $0
Salaries & Benefits $133,407
Fundraising Expenses $20,925
Program Expenses $198,543
Other Expenses $115,894
TOTAL EXPENSES $249,301

Year-over-Year Comparison

2023 2022 Change
Revenue $227,179 $238,044 0.0%
Expenses $249,301 $252,836 0.0%
Net Income $-22,122 $-14,792 +0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
7
Employees
3
Volunteers
160

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$93,037
Total Directors
9
$93,037
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ERIC ORTIZ DIRECTOR 1.00
Director
$0 $0 $0
JEFFREY LEPENDORF DIRECTOR 1.00
Director
$0 $0 $0
AMANDA WIGEN CHAIR 1.00
Officer Director
$0 $0 $0
STEVEN LARSEN TREASURER 1.00
Officer Director
$0 $0 $0
TOM CASSIDY DIRECTOR 1.00
Director
$0 $0 $0
KELLY EVERDING SECRETARY/OPERATIONS DIREC 40.00
Officer Director
$41,900 $4,699 $46,599
ERIC LORBERER EXECUTIVE DIRECTOR 40.00
Officer Director
$41,900 $4,538 $46,438
NICOLA KOH DIRECTOR 1.00
Director
$0 $0 $0
MARGARET TELFER DIRECTOR 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $227,179 $249,301 $205,876 $-22,122
2023 $238,044 $252,836 $227,737 $-14,792
2022 $240,753 $231,638 $242,860 $9,115
2021 $269,174 $226,415 $246,400 $42,759
2020 $228,564 $219,084 $205,183 $9,480
2019 $230,524 $215,228 $178,776 $15,296
2018 $251,066 $221,043 $162,218 $30,023
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