Minnesota Regional Railroads Association
- Assets
- $47.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- St Paul, MN
- Founding
- Data as of
- 12/2022
- EIN
- 90-1111029
Organization Overview
Minnesota Regional Railroads Association is located in St Paul, 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 12/2022, Minnesota Regional Railroads Association generated $165.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.9%) each year. All expenses for the organization totaled $166.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (7.1%) per year over the past 8 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
2022
Describe the Organization's Program Activity:
Part 3
THE ASSOCIATION HOSTED THE ANNUAL MIDWEST SHORT LINE & REGIONAL RAILROADS SUMMER CONFERENCE VIRTUALLY IN JULY. IT HELD BOARD MEETINGS IN-PERSON AND LATER VIA TELECONFERENCE AND PARTICIPATED IN LOBBYING ACTIVITIES DURING THE LEGISLATIVE SESSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Wegner President | 7 | $0 | |
Lydia Bjorge 1st Vice President | 2 | $0 | |
Peter Gilbertson 2nd Vice President | 2 | $0 | |
Lon Van Gemert Secretary/treasurer | 2 | $0 | |
John Apitz Member/executive Director | 2 | $58,906 | |
Kristen Mcmullen Member/manager | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $131,838 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $33,840 |
| Total Revenue | $165,678 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $58,906 |
| Professional fees and other payments to independent contractors | $67,105 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $39,428 |
| Total expenses | $166,044 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $47,458 |
| Other assets | $0 |
| Total assets | $47,458 |
| Total liabilities | $0 |
| Net assets or fund balances | $47,458 |