Durand Union Station Inc
- Assets
- $189.7k
- Revenue
- $186.9k
- Investments
- $0.0
- Employees
- 7
- Location
- Durand, MI
- Founding
- 08/1985
- Data as of
- 12/2022
- EIN
- 38-2603844
Organization Overview
Durand Union Station Inc is located in Durand, MI. The organization was established in 1985. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Durand Union Station Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Durand Union Station 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 12/2022, Durand Union Station Inc generated $186.9k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $163.4k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PRESERVE THE HISTORY OF RAILROADING IN MICHIGAN AND SURROUNDING AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION AND PRESERVATION OF DURAND UNION STATION FOR EDUCATION OF THE PUBLIC AS TO THE HISTORY OF RAILROADING IN MICHINGAN.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Rexin President | Officer | 10 | $0 |
Dan Brooks Treasurer | Officer | 10 | $0 |
Dave Harrell Secretary | Officer | 5 | $0 |
Jeanette Gomos Director | Trustee | 2 | $0 |
Tim Colton Director | Trustee | 2 | $0 |
Dennis Mclane Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,374 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $61,749 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $66,123 |
| Total Program Service Revenue | $41,544 |
| Investment income | $37,959 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $23,255 |
| 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 | $10,793 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $186,864 |
| 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. | $44,730 |
| Compensation of current officers, directors, key employees. | $14,910 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $29,654 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,585 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,076 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $591 |
| Office expenses | $23,346 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,925 |
| Travel | $68 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $151 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,837 |
| Insurance | $4,057 |
| All other expenses | $9,513 |
| Total functional expenses | $163,393 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,834 |
| Savings and temporary cash investments | $112,905 |
| 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 | $9,854 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $62,081 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $189,674 |
| Accounts payable and accrued expenses | -$9,299 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | -$9,299 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $198,973 |
| Total liabilities and net assets/fund balances | $189,674 |