Union Station Redevelopment Corp
- Assets
- $149.9m
- Revenue
- $10.8m
- Investments
- $0.0
- Employees
- 11
- Location
- Washington, DC
- Founding
- 07/2004
- Data as of
- 09/2021
- EIN
- 52-1318977
Organization Overview
Union Station Redevelopment Corp is located in Washington, DC. The organization was established in 2004. According to its NTEE Classification (W20) the organization is classified as: Government & Public Administration, under the broad grouping of Public & Societal Benefit and related organizations. As of 09/2021, Union Station Redevelopment Corp employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Union Station Redevelopment Corp is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2021, Union Station Redevelopment Corp generated $10.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.4%) each year. All expenses for the organization totaled $12.2m during the year ending 09/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
MANAGEMENT OF THE RENOVATED AND REDEVELOPED FACILITIES OF WASHINGTON, DC'S UNION STATION THROUGH THE FEDERAL RAILROAD ADMINISTRATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MANAGEMENT OF THE REDEVELOPED UNION STATION FACILITY UNDER THE PROVISIONS OF PUBLIC LAW 97-125, RELATED TO MAINTENANCE AND PRESERVATION OF THE STATION COMPLEX, LOCATED IN WASHINGTON, DC. ON JULY 22, 2004, USRC WAS RECLASSIFIED AS A CHARITABLE ORGANIZATION EXEMPTUNDER IRC SECTION 501(C)(3).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beverley K Swaim-Staley President And CEO | Officer | 40 | $294,620 |
Nzinga Bryant VP & Director, Finance And | Officer | 40 | $180,279 |
Kevin Forma 2nd Century Program Manager | 40 | $131,318 | |
Polly Trottenberg Chairman | OfficerTrustee | 2 | $0 |
Maura Brophy Director | Trustee | 2 | $0 |
Dennis Newman Vice Chairman | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Structural Preservation Systems Structural Repair Services | 9/29/21 | $1,368,661 |
John Canning & Co Ltd Architectural Design And Restoration | 9/29/21 | $657,748 |
Insight Construct Llc Mechanical And Electrical Services | 9/29/21 | $927,459 |
John R Bowie Consulting Services | 9/29/21 | $291,389 |
Mcmullan & Association Inc Structural Engineering Services | 9/29/21 | $443,442 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $439,346 |
| 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 | $439,346 |
| Total Program Service Revenue | $10,394,440 |
| Investment income | $3,982 |
| 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 | $10,837,768 |
| 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. | $509,331 |
| Compensation of current officers, directors, key employees. | $509,331 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $504,802 |
| Pension plan accruals and contributions | $94,839 |
| Other employee benefits | $71,941 |
| Payroll taxes | $69,868 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $148,651 |
| Fees for services: Accounting | $138,711 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $621,911 |
| Advertising and promotion | $3,988 |
| Office expenses | $45,340 |
| Information technology | $58,343 |
| Royalties | $0 |
| Occupancy | $308,836 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $708,305 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,249,871 |
| Insurance | $155,747 |
| All other expenses | $266,005 |
| Total functional expenses | $12,166,032 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,899,589 |
| Savings and temporary cash investments | $3,203,109 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,416,503 |
| 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 | $173,216 |
| Net Land, buildings, and equipment | $71,928,006 |
| Investments—publicly traded securities | $17,668,420 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $47,622,630 |
| Total assets | $149,911,473 |
| Accounts payable and accrued expenses | $610,594 |
| Grants payable | $0 |
| Deferred revenue | $4,000 |
| 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 | $20,926,069 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,765,558 |
| Total liabilities | $25,306,221 |
| Net assets without donor restrictions | $122,817,902 |
| Net assets with donor restrictions | $1,787,350 |
| 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 | $149,911,473 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Union Station Redevelopment Corp has recieved totaling $14,000.
| Awarding Organization | Amount |
|---|---|
National Trust For Historic Preservation In The United States Washington, DC PURPOSE: Save Historic Places | $14,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Association Of Motor Vehicle Administrators Arlington, VA | $113,853,156 | $49,031,814 |
Metropolitan Washington Council Of Governments Washington, DC | $68,812,642 | $44,555,929 |
North Fund Washington, DC | $43,517,343 | $42,926,545 |
Cato Institute Washington, DC | $116,844,158 | $45,929,682 |
National Committee To Preserve Social Security And Medicare Washington, DC | $5,447,556 | $14,990,578 |
Reston Association Reston, VA | $43,721,869 | $19,863,227 |
Center Forward Mc Lean, VA | $3,661,131 | $18,823,440 |
Common Cause Education Fund Washington, DC | $24,182,815 | $19,591,561 |
Union Station Redevelopment Corp Washington, DC | $149,911,473 | $10,837,768 |
Club For Growth Washington, DC | $13,409,815 | $18,704,644 |
American Legislative Exchange Council Arlington, VA | $8,013,515 | $9,832,106 |
The Project On Government Oversight Inc Washington, DC | $10,347,584 | $8,659,768 |