Minnesota Regional Railroads Association
- Assets
- $47.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Mendota Heights, MN
- Founding
- Data as of
- 12/2021
- EIN
- 90-1111029
Organization Overview
Minnesota Regional Railroads Association is located in Mendota Heights, MN. Minnesota Regional Railroads Association 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 12/2021, Minnesota Regional Railroads Association generated $143.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.7%) each year. All expenses for the organization totaled $152.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (9.1%) per year over the past 7 years. 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
2021
Describe the Organization's Program Activity:
Part 3
THE ASSOCIATION HOSTED THE ANNUAL MIDWEST SHORT LINE & REGIONAL RAILROADS SUMMER CONFERENCE VIRTUALLY IN JULY 2020. IT HELD BOARD MEETINGS, INITIALLY, IN-PERSON AND LATER VIA TELECONFERENCEN AND PARTICIPATED IN LOBBYING ACTIVITIES DURING THE 2020 LEGISLATIVE SESSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Apitz Member | 2 | $73,000 | |
Arielle Giordano Member | 2 | $0 | |
Lon Van Gemert Secretary/treasurer | 2 | $0 | |
Victor Meyers Member | 2 | $0 | |
Kelli O'brien Member | 2 | $0 | |
Peter Gilbertson 2nd Vice President | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $117,175 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $26,460 |
| Total Revenue | $143,635 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $73,000 |
| Professional fees and other payments to independent contractors | $26,833 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $52,490 |
| Total expenses | $152,928 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $47,824 |
| Other assets | $0 |
| Total assets | $47,824 |
| Total liabilities | $0 |
| Net assets or fund balances | $47,824 |
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