Midwest Central Railroad

“Membership is open to anyone and everyone who has an interest in promoting the history of steam locomotives. Basic membership is as little as 10 annually. All volunteers are encouraged to be members of the organization.”

“The appointed nominating committee, comprised of two board members not up for election and one non-board member who is a voting member, nominate eligible voting members to run for the board of directors. The voting membership vote upon the nominees.”

“The form 990 was reviewed by members of the governing body before it was filed.”

“The board has not formally adopted a conflict of interest policy. They have discussed the idea as a board in the past. If such conflict does occur,the involved board member informs the board of the identified conflict. At which time the board meets in closed session to discuss the conflict and determines how the board member should proceed in addressing the conflict.”

“The board determines the rate of pay by considering compensation paid to employees performing similar tasks at other organizations in the area. This rate of pay is voted on by the board, which is documented in the meeting minutes.”

“The organizations governing documents, policies and financial statements are made available to the public upon request”

“Line 2b engine rent is generated from a large train engine owned by midwest central railroad that is rented to history colorado museums, georgetown loop historic mining & railroad park, a 501(c)(3) organization. The rental income is program related as midwest central railroad's organizational mission is to provide a museum of operating steam locmotives and the purpose of the exhibit in colorado is to experience a historic 1884 railroad and mining town through clear creek valley on a train powered by a steam locomotive. A smaller train engine owned by history colorado is being used by midwest central railroad for the same purpose with rent expense incurred by midwest central railroad and reported on part ix, line 24c.”