High Speed Rail Alliance Inc
- Assets
- $58.4k
- Revenue
- $368.3k
- Investments
- $0.0
- Employees
- 4
- Location
- Chicago, IL
- Founding
- 08/1995
- Data as of
- 12/2021
- EIN
- 36-3874078
Organization Overview
High Speed Rail Alliance Inc is located in Chicago, IL. The organization was established in 1995. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, High Speed Rail Alliance Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. High Speed Rail Alliance Inc 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 12/2021, High Speed Rail Alliance Inc generated $368.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $379.4k during the year ending 12/2021. While expenses have increased by 4.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
TO STUDY EXISTING PASSENGER RAIL TECHNOLOGIES WORLDWIDE AND ASSESS THE POTENTIAL OF APPLYING THESE TO INTERCITY TRANSPORTATION CHALLENGES. TO INFORM BUSINESS AND POLITICAL LEADERSHIP, THE MEDIA AND PUBLIC ABOUT THE UTILITY OF RAIL AS A TRANSPORATION AND ECONOMIC DEVELOPMENT TOOL. TO PROMOTE DEVELOPMENT OF RAIL AS AN ESSENTIAL COMPONENT OF A MODERN REGIONAL ECONOMY AND AN ENVIRONMENTALLY JUDICIOUS WAY TO ENHANCE THE EFFECTIVENESS OF THE ENTIRE REGIONAL TRANSPORTATION SYSYTEM. TO FACILITATE THE DEVELOPMENT OF A DIVERSE AND INFORMED CONSTITUENCY TO SUPPORT THE PUBLIC/PRIVATE DEVELOPMENT OF A MIDWEST RAIL SYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDYING EXISTING AND PROJECTING PASSENGER RAIL TECHNOLOGIES WORLDWIDE AND ASSESSING THE POTENTIAL OF APPLYING ONE OR MORE OF THESE TO THE INTERCITY TRANSPORTATION CHALLENGES OF THE REGION. INFORMING THE BUSINESS AND POLITICAL LEADERSHIP, MASS-COMMUNICATIONS MEDIA AND THE GENERAL PUBLIC ABOUT THE UTILITY OF RAIL AS A TRANSPORTATION AND ECONOMIC DEVELOPMENT TOOL. PROMOTING THE SPEEDY AND APPROPRIATE DEVELOPMENT OF RAIL AS AN ESSENTIAL COMPONENT OF A MODERN REGIONAL ECONOMY AND AN ENVIRONMENTALLY JUDICIOUS WAY TO ENHANCE THE EFFECTIVENESS OF THE ENTIRE REGIONAL TRANSPORTATION SYSTEM, AND FACILITATING THE DEVELOPMENT OF A DIVERSE AND INFORMED CONSTITUENCY TO SUPPORT THE PUBLIC/PRIVATE DEVELOPMENT OF A MIDWEST RAIL SYSTEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Harnish Executive Director | Officer | 40 | $71,585 |
Maurice Ball President | OfficerTrustee | 2 | $0 |
Ira Silver Treasurer | OfficerTrustee | 1 | $0 |
Alexandra Fields Director | Trustee | 1 | $0 |
Stan Miller Director | Trustee | 1 | $0 |
Keith Kalinowski Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $39,677 |
| All other contributions, gifts, grants, and similar amounts not included above | $328,384 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $368,061 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $368,332 |
| 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. | $71,586 |
| Compensation of current officers, directors, key employees. | $10,738 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $73,509 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $18,355 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,200 |
| Fees for services: Lobbying | $12,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $42,500 |
| Advertising and promotion | $49,846 |
| Office expenses | $79,076 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $18,652 |
| Travel | $2,047 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,931 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,697 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $379,399 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,822 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $800 |
| Net Land, buildings, and equipment | $5,166 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $615 |
| Other assets | $0 |
| Total assets | $58,403 |
| Accounts payable and accrued expenses | $60,595 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $25,000 |
| Other liabilities | $0 |
| Total liabilities | $85,595 |
| Net assets without donor restrictions | -$79,280 |
| Net assets with donor restrictions | $52,088 |
| 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 | $58,403 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that High Speed Rail Alliance Inc has recieved totaling $19,579.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $19,412 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $100 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $67 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
16 Tech Community Corporation Indianapolis, IN | $90,414,871 | $43,820,376 |
Chicago Convention & Tourism Bureau Inc Chicago, IL | $13,640,210 | $19,015,508 |
Financial Health Network Inc Chicago, IL | $19,686,455 | $18,603,239 |
Vocational Development Center Inc Council Bluffs, IA | $12,984,673 | $16,204,305 |
Southern Iowa Economic Development Association Ottumwa, IA | $4,848,905 | $15,262,424 |
St Louis Economic Development Partnership Saint Louis, MO | $27,235,860 | $13,883,018 |
Visit Indy Inc Indianapolis, IN | $20,981,890 | $14,589,218 |
Purchase Area Development District Inc Mayfield, KY | $0 | $14,269,202 |
Crosswalk Community Action Agency Inc West Frankfort, IL | $2,780,027 | $11,762,821 |
Wisconsin Dells Visitor & Convention Bureau Wisconsin Dells, WI | $26,952,168 | $17,110,395 |
Convention & Visitors Bureau Of Greater Kansas City Kansas City, MO | $12,878,337 | $11,432,355 |
Wbd Inc Madison, WI | $14,868,892 | $9,399,155 |