Mason City & Clear Lake Electric Railroad Historical Society Inc
- Assets
- $64.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Clear Lake, IA
- Founding
- 06/1988
- Data as of
- 12/2022
- EIN
- 42-1302762
Organization Overview
Mason City & Clear Lake Electric Railroad Historical Society Inc is located in Clear Lake, IA. The organization was established in 1988. According to its NTEE Classification (A82) the organization is classified as: Historical Societies & Historic Preservation, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mason City & Clear Lake Electric Railroad Historical Society 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, Mason City & Clear Lake Electric Railroad Historical Society Inc generated $15.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $18.0k during the year ending 12/2022. While expenses have increased by 3.9% per year over the past 8 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION OPERATED A TROLLEY PARK AND A RESTORED TRAIN DEPOT OFFERING LOCAL RESIDENTS AND AREA TOURISTS AN OPPORTUNITY TO VIEW LOCAL RAILROAD HISTORY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stan Gentry President | 1 | $0 | |
Chris Funk Sec/treas | 1 | $0 | |
Lowell Chichester Director | 1 | $0 | |
Todd Moore Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,500 |
| Total Program Service Revenue | $3,300 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $15,800 |
| 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 | $1,074 |
| Occupancy, rent, utilities, and maintenance | $6,922 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $10,036 |
| Total expenses | $18,032 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $1,239 |
| Other assets | $0 |
| Total assets | $64,671 |
| Total liabilities | $2,337 |
| Net assets or fund balances | $62,334 |