Form 990 for tax year 2022

1d · Related organizations

$1,000,000

1e · Government grants (contributions)

$10,712,216

2a · Program service revenue: RAILPORT DIRT REMOVAL

total $56,430 · related or exempt $56,430

3 · Investment income

total $867,346 · excluded $867,346

6a · Gross rents

real property $89,216

6b · Less rental expenses

real property $0

6c · Rental income or loss

real property $89,216

6d · Net rental income or loss

total $89,216 · excluded $89,216

7a · Gross sales of assets other than inventory

other assets $2,500

7b · Less cost or other basis and sales expenses

other assets $15

7c · Gain or loss

other assets $2,485

7d · Net gain or loss

total $2,485 · excluded $2,485

11a · Other revenue: RIGHT OF WAY DAMAGE

total $1,000 · related or exempt $1,000

11e · Other revenue, total

$1,000

1 · Grants to domestic organizations and governments

total $1,635,571 · program services $1,635,571

5 · Compensation of officers, directors and key employees

total $854,735 · program services $641,051 · management and general $213,684

7 · Other salaries and wages

total $414,979 · program services $311,235 · management and general $103,744

8 · Pension plan contributions

total $49,816 · program services $37,362 · management and general $12,454

9 · Other employee benefits

total $58,208 · program services $43,656 · management and general $14,552

10 · Payroll taxes

total $108,891 · program services $81,668 · management and general $27,223

11b · Fees: legal

total $293,412 · program services $220,059 · management and general $73,353

11c · Fees: accounting

total $21,573 · program services $16,180 · management and general $5,393

11g · Fees: other

total $12,671 · program services $9,503 · management and general $3,168

12 · Advertising and promotion

total $541,794 · program services $541,794

13 · Office expenses

total $29,257 · program services $21,943 · management and general $7,314

14 · Information technology

total $40,524 · program services $30,393 · management and general $10,131

16 · Occupancy

total $287,227 · program services $255,252 · management and general $31,975

17 · Travel

total $111,987 · program services $104,194 · management and general $7,793

19 · Conferences, conventions and meetings

total $48,422 · program services $40,242 · management and general $8,180

20 · Interest

total $865,537 · program services $865,537

22 · Depreciation, depletion and amortization

total $285,605 · program services $285,605

23 · Insurance

total $27,580 · program services $20,685 · management and general $6,895

24a · Other expenses: BUSINESS PARK MAINT.

total $226,326 · program services $169,744 · management and general $56,582

24b · Other expenses: MEMBERSHIP DUES

total $141,305 · program services $105,979 · management and general $35,326

24c · Other expenses: FORGIVEN RECEIVABLE

total $40,000 · program services $40,000

24d · Other expenses: MISCELLANEOUS

total $4,372 · program services $3,279 · management and general $1,093

2 · Savings and temporary cash investments

beginning of year $12,827,768 · end of year $32,820,923

4 · Accounts receivable

beginning of year $2,609,166 · end of year $3,676,335

8 · Inventories for sale or use

beginning of year $7,382,940 · end of year $16,824,378

10a · Land, buildings and equipment: cost or other basis

$9,643,010

10b · Land, buildings and equipment: accumulated depreciation

$1,398,064

10c · Land, buildings and equipment, net

beginning of year $3,287,379 · end of year $8,244,946

17 · Accounts payable and accrued expenses

beginning of year $783,980 · end of year $505,890

18 · Grants payable

beginning of year $33,861,064 · end of year $34,527,800

19 · Deferred revenue

beginning of year $4,710,857 · end of year $4,445,067

20 · Tax-exempt bond liabilities

end of year $12,675,000

25 · Other liabilities

beginning of year $0 · end of year $16,032,572

29 · Capital stock, trust principal or current funds

beginning of year $0 · end of year $0

30 · Paid-in or capital surplus, or land, building or equipment fund

beginning of year $0 · end of year $0

31 · Retained earnings, endowment or other funds

beginning of year -$13,248,648 · end of year -$6,619,747