Lafayette Union Railway Company
- Assets
- $294.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lafayette, IN
- Founding
- 11/1951
- Data as of
- 12/2022
- EIN
- 35-6004760
Organization Overview
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 12/2022, Lafayette Union Railway Company generated $35.8k 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 (15.5%) each year. All expenses for the organization totaled $44.6k during the year ending 12/2022. 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
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey L Kessler Director | 1 | $0 | |
Amy Moulton Director | 1 | $0 | |
Steven Schreckengast Director | 1 | $0 | |
Stephen Shook Director | 1 | $0 | |
John Mcbride Secretary/tr | 1 | $0 | |
Jody Hamilton Director Beg | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $4,418 |
| Membership dues | $0 |
| Investment income | $31,394 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $35,812 |
| 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 | $22,314 |
| Occupancy, rent, utilities, and maintenance | $5,698 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $16,615 |
| Total expenses | $44,627 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $283,287 |
| Other assets | $0 |
| Total assets | $294,239 |
| Total liabilities | $0 |
| Net assets or fund balances | $294,239 |
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