Lafayette Union Railway Company is located in Lafayette, IN. The organization was established in 1951. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, 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. Lafayette Union Railway Company is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2023, Lafayette Union Railway Company generated $135.7k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $65.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
OWN RIGHT OF WAY AND LEASE TO RAILROAD COMPANY TO BENEFIT AND AID INDUSTRIES. ACQUIRE AND DEVELOPE REAL ESTATE TO ENCOURAGE NEW AND EXPANDED INDUSTRY IN TIPPECANOE COUNTY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Steven Schreckengast Director | 1 | $0 | |
John Mcbride Secretary/tr | 1 | $0 | |
Stephen Shook Director | 1 | $0 | |
E Dana Smith President | 1 | $0 | |
Amy Moulton Director | 1 | $0 | |
Joseph H Seaman Vice Preside | 1 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $3,764 |
Membership dues | $0 |
Investment income | $35,918 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $95,974 |
Total Revenue | $135,656 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $0 |
Professional fees and other payments to independent contractors | $34,625 |
Occupancy, rent, utilities, and maintenance | $6,106 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $24,724 |
Total expenses | $65,455 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $353,488 |
Other assets | $0 |
Total assets | $364,440 |
Total liabilities | $0 |
Net assets or fund balances | $364,440 |