Southern Michigan Railroad Society Inc in Clinton, Michigan (MI)
Table of contents:
| Southern Michigan Railroad Society Inc | |
| Employer Identification Number (EIN) | 382445950 |
| Name of Organization | Southern Michigan Railroad Society Inc |
| In Care of Name | Charles Fannin |
| Address | PO BOX A, Clinton, MI 49236-0001 |
| Subsection | Charitable Organization |
| Ruling Date | 06/2014 |
| 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 | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $419,766 |
| Amount of Income | $91,700 |
| Form 990 Revenue Amount | $78,269 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Museum, Museum Activities |
Non-representatives - add comments:
Amount of income in 2013: $91,700 (it was $48,539 in 2012)
| This organization: | $91,700 |
| Other organizations performing similar types of work: | $69,335 |
Assets in 2013: $419,766 (it was $360,069 in 2012)
| This organization: | $419,766 |
| Other organizations performing similar types of work: | $145,105 |
Expenses in 2013: $40,911
| This organization: | $40,911 |
| Other organizations performing similar types of work: | $47,186 |
Income to expenses ratio in 2013: 2.2
| This organization: | 2.2 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2013: 20.2%
| Southern Michigan Railroad Society Inc: | 20.2% |
| Other organizations performing similar types of work: | 26.3% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||||
| 2008 | 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|---|
| Total revenue | $78,269 | ||||
| Contributions, gifts, grants, and similar amounts received | $15,825 | ||||
| Program service revenue including government fees and contracts | $52,304 | ||||
| Membership dues and assessments | $0 | ||||
| Investment income | $42 | ||||
| Gain/Loss from sale of assets other than inventory | $86 | ||||
| Gross amount from sale of assets other than inventory | $86 | ||||
| Less: cost or other basis and sales expenses | $0 | ||||
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 | $0 | $10,772 |
| Gross income from gaming | $0 | $2,158 | $12,247 | $6,789 | $22,736 |
| Gross income from fundraising events | $0 | ||||
| Less: direct expenses from gaming and fundraising events | $11,964 | ||||
| Gross profit/loss from sales of inventory | $-760 | ||||
| Gross sales of inventory, less returns and allowances | $707 | ||||
| Less: cost of goods sold | $1,467 | ||||
| Other revenue | $0 | ||||
| Total expenses | $40,911 | ||||
| Total net assets | $321,275 | ||||
| Excess/Deficit for the year | $37,358 | ||||
| Net assets or fund balances at beginning of year | $283,731 | ||||
| Other changes in net assets or fund balances | $186 | ||||
| Net assets or fund balances at end of year | $321,275 | ||||
| Balance Sheets | |||||
| 2008 | 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|---|
| Total assets | $558,500 | $366,990 | $371,914 | $360,069 | $419,766 |
| Total liabilities | $81,856 | $94,378 | $98,586 | $91,604 | $98,491 |
| Net assets or fund balances | $321,275 | ||||
| Other Information | |||||
| 2008 | 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | ||||
| Were any significant changes made to the organizing or governing documents? | No | ||||
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | ||||
| Has the organization filed a Form 990-T for the year? | No | No | No | No | No |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | ||||
| Amount of political expenditures, direct or indirect | $0 | ||||
| Did the organization file Form 1120-POL for this year? | No | ||||
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | ||||
| Total amount involved | $0 | ||||
| Initiation fees and capital contributions | $0 | ||||
| Gross receipts for public use of club facilities | $0 | ||||
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | ||||
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | No | No | No |
| Reason for Public Charity Status (for 2013) | |
| 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 |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public support | $322,835 |
| Subtotal | $322,835 |
| Gifts, grants, contributions, and membership fees received | $109,844 |
| 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 | $164,338 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $48,653 |
| 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 |
| Less | $0 |
| Amounts received from disqualified persons | $0 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $327,263 |
| Public support | $322,835 |
| Subtotal | $2,532 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $2,532 |
| Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income | $1,896 |
| Write your review! |
|
|
| Recently Added Reviews |
Blue Water Pregnancy Care Center in Port Huron, MI
  |
|
Knights Of The Road Motorcycle Club in Detroit, MI
|
| Oakland County Bible Students Inc in Clawson, MI |
Mich Volunteer Legionary Corps Of Artillery in Owosso, MI
 |
|
Ludington Recreation Soccer Board, Ludington Soccer Club in Ludington, MI
|
| Clinton River Ski Club in Boyne City, MI |
|
Rabbit & Small Animal Rescue in Westland, MI
|
|
Prison Legal Services Of Michigan Inc in Jackson, MI
|
|
Special Dreams Farm in New Baltimore, MI
|
|
Believers Community Outreach Center in Macomb Township, MI
|
| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Trust For African Rock Arts | 77 W Wacker Dr, Chicago, IL 60601-1604 | IL | 2001-09 | $595,502 |
| 2 | Sw Michigan Ltc Connections Inc | 2900 Lakeview Ave, Saint Joseph, MI 49085-2379 | MI | 2009-01 | $2,299,576 |
| 3 | The Reid Family Foundation | 3159 Alco Dr, Waterford, MI 48329-2203 | MI | 2001-02 | $1,855,952 |
| 4 | Top Of The Lake Snowmobile Museum | P O Box 2, Naubinway, MI 49762 | MI | 2009-04 | $115,217 |
| 5 | Southern Michigan Railroad Society Inc | PO BOX A, Clinton, MI 49236-0001 | MI | 2014-06 | $91,700 |
| 6 | Copper Colored Mountain Arts Inc | 7073 West Liberty Rd, Ann Arbor, MI 48103 | MI | 2010-10 | $48,810 |
| 7 | Grand Army Of The Republic Department Of Michigan James B Bra | 5287 Brookside Ln, Washington, MI 48094-2678 | MI | 2014-08 | $46,490 |
| 8 | Hale Auto Museum | 1211 Crystal Dr, Frankfort, MI 49635-9507 | MI | 2014-01 | $30,151 |
| 9 | St Charles Area Museum | 603 Chesaning Street, St Charles, MI 48655 | MI | 2011-04 | $12,923 |
| 10 | Region Of Three Oaks Museum | 215 Ash St, Three Oaks, MI 49128 | MI | 2008-09 | $12,697 |
| 11 | Soo Locks Visitor Center Association Inc | PO BOX 666, Sault Ste Marie, MI 49783-0666 | MI | 2004-09 | $9,424 |
| 12 | The@jack Krasula Foundation Of Sports History | 28411 Northwestern Hwy Ste 850, Southfield, MI 48034-5522 | MI | 2004-05 | $2,992 |
| 13 | Rails On Wheels | 525 E Michigan Ave Ste 151, Saline, MI 48176 | MI | 1999-12 | $992 |
| 14 | Us Military Hall Of Fame Inc | 2391 M 32, East Jordan, MI 49727-9115 | MI | 2013-12 | $925 |
| 15 | Aeronca Aircraft History Museum | 2285 Ore Creek Ln, Brighton, MI 48114 | MI | 2011-06 | $0 |
| 16 | Alberta Village Museum | 21235 Alberta Ave, Lanse, MI 49946-9564 | MI | 2002-03 | $0 |
| 17 | Alpha Historical Museum | Po Box 7, Alpha, MI 49902-0007 | MI | 2005-04 | $0 |
| 18 | American Farm And Garden | 9366 Stony Creek Road, Ypsilanti, MI 48197 | MI | 2013-03 | $0 |
| 19 | Automotive History Preservation Society | 1323 E Main St, Flushing, MI 48433-2243 | MI | 2015-02 | $0 |
| 20 | Bailey Property Preservation Association Inc, West Shore Comm Fishing Museum | N6634 S Harbor Ln, Menominee, MI 49858 | MI | 1998-01 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total | 2,844 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Organization representatives - add corrected or new information about Southern Michigan Railroad Society Inc »
Non-representatives - add comments about Southern Michigan Railroad Society Inc»