Midwest High Speed Rail Assoc Inc in Chkago, Illinois (IL)

Midwest High Speed Rail Assoc Inc
Employer Identification Number (EIN)	363874078
Name of Organization	Midwest High Speed Rail Assoc Inc
In Care of Name	I Silver
Address	4765 N Lincoln Avenue, Chkago, IL 60625-2077
Activities	Location of highway or transportation system
Subsection	Charitable Organization
Ruling Date	08/1995
Deductibility	Contributions are deductible
Foundation	Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
Organization	Corporation
Exempt Organization Status	Unconditional Exemption
Tax Period	12/2013
Assets	$25,000 to $99,999
Income	$100,000 to $499,999
Filing Requirement	990 (all other) or 990EZ return
Asset Amount	$56,805
Amount of Income	$297,383
Form 990 Revenue Amount	$288,662
National Taxonomy of Exempt Entities (NTEE)	Community Improvement, Capacity Building: Economic Development

Non-representatives - add comments:

Amount of income in 2013: $297,383 (it was $347,101 in 2012)

This organization:	$297,383
Other organizations performing similar types of work:	$219,690

Assets in 2013: $56,805 (it was $111,031 in 2012)

Midwest High Speed Rail Assoc Inc:	$56,805
Other organizations performing similar types of work:	$475,649

Expenses in 2012: $289,768

Midwest High Speed Rail Assoc Inc:	$289,768
Other organizations performing similar types of work:	$225,641

Income to expenses ratio in 2012: 1.0

This organization:	1.0
Other organizations performing similar types of work:	1.1

Number of employees in 2012: 6

This organization:	6
Other organizations performing similar types of work:	3

Grants share in income in 2012: 88.6%

This organization:	88.6%
Other organizations performing similar types of work:	35.8%

Financial snapshot ($)

Revenue for 2012

Functional expenses for 2012

Support schedule

Statements Regarding Other IRS Filings and Tax Compliance (for 2012)
Did the organization have unrelated business gross income of $1,000 or more during the year?	No
Initiation fees and capital contributions	$0
Gross receipts for public use of club facilities	$0
Gross income from members or shareholders	$0
Gross income from other sources	$0

Statement of Revenue (for 2012)
Total revenue	$347,101
Contributions, Gifts, Grants and Other Similar Amounts	$307,536
Program Service Revenue	$32,500
Other Revenue
Investment income (including dividends, interest, and other similar amounts)	$0
Income from investment of tax-exempt bond proceeds	$0
Royalties	$0
Net rental income	$0
Net gain from sales of assets other than inventory	$0
Net income from fundraising events	$0
Net income from gaming activities	$0
Net income from sales of inventory	$0
Miscellaneous Revenue	$7,065

Statement of Functional Expenses (for 2012)
Total functional expenses	$289,768
Compensation of current officers, directors, trustees, and key employees	$57,500
Other salaries and wages	$34,109
Payroll taxes	$7,323
Professional fundraising services	$0
Other	$190,836

Balance Sheet (for 2012)
Total assets	$111,031
Total liabilities	$11,955
Tax-exempt bond liabilities	$0
Secured mortgages and notes payable to unrelated third parties	$0
Unsecured notes and loans payable to unrelated third parties	$0
Other	$11,955
Total net assets or fund balances	$99,076
Retained earnings, endowment, accumulated income, or other funds	$0

Reason for Public Charity Status (for 2012)
The organization is not a private foundation because it is:	An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975

Reason for Public Charity Status (for 2012)

The organization is not a private foundation because it is:

An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975

	2008 - 2012 Total
Support Schedule for Organizations Described in Section 509(a)(2) (for 2012)
Total support	$1,655,222
Gifts, grants, contributions, and membership fees received	$1,461,842
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose	$167,441
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf	$0
The value of services or facilities furnished by a governmental unit to the organization without charge	$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975	$0
Other	$25,939

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Id	Name	Address	State	Established	Total Income
Organizations performing similar types of work
1	University Heights Science And Technology Park Inc	65 Bergen Street, Newark, NJ 07107-3001	NJ	1993-09	$1,678,020
2	Southeast Ark Economic Development Dist Inc	PO BOX 6806, Pine Bluff, AR 71611-6806	AR	1978-01	$6,823,915
3	Self-Help Community Development Corp	301 W Main St, Durham, NC 27701-3215	NC	1996-12	$3,666,008
4	South Central Kansas Economic Development District Inc Sckedd	200 W Douglas Ave Ste 710, Wichita, KS 67202-3075	KS	1974-01	$2,989,393
5	Superior California Economic Development Inc	350 Hartnell Ave Ste A, Redding, CA 96002-1875	CA	1995-07	$2,395,022
6	Tacolcy Economic Development Corporation Inc	675 Nw 56th St Ste C, Miami, FL 33127-1569	FL	1983-01	$2,292,829
7	Real Estate Council Foundation	5430 Lbj Freeway, Dallas, TX 75240-2601	TX	1994-07	$2,089,137
8	Staten Island Economic Development Corporation	900 South Ave Ste 402, Staten Island, NY 10314-3429	NY	1994-03	$1,657,591
9	Transportation Choices Coalition, Alt-Trans	219 1st Ave S Ste 420, Seattle, WA 98104-3415	WA	1993-11	$1,318,219
10	Rural Coalition	1029 Vermont Ave Nw Ste 601, Washington, DC 20005-3842	DC	1998-08	$1,122,799
11	Village Alliance District Management Association Inc	8 East 8th Street, New York, NY 10003-5915	NY	1994-11	$1,065,643
12	Sterling Today Inc	PO BOX 183, Sterling, IL 61081-0183	IL	1991-09	$955,835
13	Santa Fe Business Incubator Inc	3900 Paseo Del Sol, Santa Fe, NM 87507-4072	NM	1996-12	$816,969
14	The Producers Club Of Maryland Inc	107 E Read St, Baltimore, MD 21202-2403	MD	1993-11	$724,630
15	Siskiyou County Economic Development Council	1512 S Oregon St, Yreka, CA 96097-3424	CA	1985-08	$719,909
16	The Youngstown Edison Incubator Corporation	241 W Federal St, Youngstown, OH 44503-1207	OH	1996-05	$551,993
17	Midwest High Speed Rail Assoc Inc	4765 N Lincoln Avenue, Chkago, IL 60625-2077	IL	1995-08	$297,383
18	Schuyler County Economic Development Corporation	Po Box 118, Rushville, IL 62681	IL	1993-06	$0
19	Springfield Urban League Community Developement Corporation	100 N 11th Street, Springfield, IL 62703	IL	1994-07	$0
20	Stay The Course Inc	9342 S Calumet Ave, Chicago, IL 60619-7306	IL	1997-03	$0

Number of organizations performing similar types of work

Alaska	2
Alabama	1
Arkansas	4
Arizona	2
California	12
Colorado	2
Connecticut	3
District of Columbia	3
Delaware	1
Florida	7
Georgia	2
Hawaii	1
Iowa	6
Illinois	5
Indiana	8
Kansas	5
Louisiana	3
Massachusetts	5
Maryland	6
Maine	4
Michigan	8
Minnesota	9
Missouri	9
Mississippi	2

Montana	1
North Carolina	13
North Dakota	2
Nebraska	4
New Hampshire	3
New Jersey	5
New Mexico	4
New York	23
Ohio	9
Oklahoma	1
Oregon	4
Pennsylvania	12
Rhode Island	1
South Carolina	5
South Dakota	2
Tennessee	4
Texas	11
Utah	2
Virginia	1
Vermont	1
Washington	3
Wisconsin	8
West Virginia	5
Wyoming	1

Total

235

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