Railways to Yesterday Inc

“The rights and privileges associated with class b stock, which is voting stock, include the right to vote for the board of directors and, in the event of dissolution, the right to vote on the disposition of assets to another non-profit organization. Class a stock holders have the right to vote only in the event of dissolution.”

“The rights and privileges associated with class b stock, which is voting stock, include the right to vote for the board of directors and, in the event of dissolution, the right to vote on the disposition of assets to another non-profit organization. The board of directors is the governing body and as such is the decision making body of the organization. At an annual meeting the class b stockholders approve or disapprove the actions of the officers and directors. This annual meeting is also the occasion when directors are elected to postions for which the terms have expired. Officers are elected at a board of directors meeting held in september of each year for the coming year commencing on december 1st. Being a director is not a requirement for being an officer.”

“The rights and privileges associated with class b stock, which is voting stock, include the right to vote for the board of directors and, in the event of dissolution, the right to vote on the disposition of assets to another non-profit organization. The board of directors is the governing body and as such is the decision making body of the organization. At an annual meeting the class b stockholders approve or disapprove the actions of the officers and directors.”

“A pdf version of the completed form 990 is sent to the director in charge of the accounting system. He then notifies the officers and directors that it has been completed and will upon request forward the pdf copy to each person so requesting. The director in charge of the accounting system or the president will give consent for the final printing of the 990 and its transmission.”

“The organization as part of its role in building a responsible entity has developed and implemented a conflict of interest policy to prevent the inurement of benefits to stockholders, officers, directors and volunteers.”

“Form 990 is available on guidestar and/or irs.gov and is available upon request to interested parties. Since the organization does not have an public office, advance request is necessary.”

“Other changes in net assets consists of one class b stock being cancelled due to a member passing away and donating the value to the general fund”

“Other program service exp:membership $ 582 newsletter 1,649 maintenance 1,444incidental restoration work 622grounds & landscaping 2,183track & wire 8,900 shop acquistions 6archives expense 159off-site program exp 200 dues and fees 437bank charges 1,577misc 1,666 ________total $ 19,425”