Belmont Trolley Incorporated

Organization Overview

Belmont Trolley Incorporated is located in Belmont, NC. The organization was established in 2015. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., 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. Belmont Trolley Incorporated 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, Belmont Trolley Incorporated generated $243.5k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 53.7% each year . All expenses for the organization totaled $49.7k during the year ending 12/2022. While expenses have increased by 59.7% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

BELMONT TROLLEYS MISSION IS TO PRESERVE THE PAST BY RESTORING TROLLEY SERVICE AND OPERATING A MUSEUM IN GASTON COUNTY, WHILE INSPIRING THE FUTURE THROUGH EMERGING TECHNOLOGIES, CONNECTING COMMUNITIES AND SERVING AS A CATALYST FOR ECONOMIC GROWTH.

Describe the Organization's Program Activity:

Part 3 - Line 4a

FURTHER RESTORATION EFFORTS OF HISTORIC TROLLEY TO RETURN TO SERVICEWITH A SHARED DEDICATION TO UPHOLDING TRANSPARENCY AND FISCAL RESPONSIBILITY, BELMONT TROLLEY EMBARKED ON A COLLABORATIVE JOURNEY WITH FOARD & COMPANY TO PREPARE OUR ANNUAL TAX RETURN. RECOGNIZING THE SIGNIFICANCE OF ACCURATE FINANCIAL REPORTING, WE METICULOUSLY GATHERED AND PRESENTED A COMPREHENSIVE ARRAY OF FINANCIAL DATA. THROUGH REGULAR CONSULTATIONS AND OPEN COMMUNICATION, WE PROVIDED FOARD WITH A COMPREHENSIVE UNDERSTANDING OF OUR ORGANIZATIONS FINANCIAL LANDSCAPE, CONFIDENT THAT OUR PARTNERSHIP WOULD YIELD A METICULOUSLY PREPARED FORM 990, REFLECTING OUR COMMITMENT TO FISCAL RESPONSIBILITY AND REGULATORY COMPLIANCE.


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Board, Officers & Key Employees

Name (title)Compensation
Rod Smallwood
Treasurer
$0
Robert Pressley
President
$0
Nate Wells
Vice President
$0
Emilie Rudisill
Secretary
$0
Ron Lovelace
Vice President
$0

Financial Statements

Statement of Revenue
Federated campaigns$80,000
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$163,490
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$243,490
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 $243,490

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