Civic Intelligence

Southern Light Rail Inc

EIN 30-0240711 • 501(c)3 • Atlanta, GA

Profile

Organization's mission or most significant activities as an affiliate of the georgia institute of technology southern light rail inc (dba southern crossroads or sox) is to facilitate access to current and future highly integrated, digital communication services for education, research and economic development within the southeast region, across the united states and abroad. The organization provides the education and research community with connectivity services to various networks including the internet2 network and the energy sciences network. The organization also offers commodity internet access and network monitoring, engineering and technical support services to participants of the organization.

225 North Avenue Lyman Hall Ste 315Atlanta, GA 30332

www.southernlightrail.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

32nd percentile

0.04x

Higher debt load relative to assets than 32% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Liabilities / Revenue

27th percentile

0.05x

Higher debt load relative to revenue than 27% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Net Margin

49th percentile

4.2%

Higher net margin than 49% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

39th percentile

1.5%

Faster asset growth than 39% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2025

Revenue Growth

54th percentile

9.0%

Faster revenue growth than 54% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2025

Assets

Down

$5,269,992

Down $176,194 (-3.2%) from 2024

Liabilities

Down

$192,595

Down $338,794 (-64%) from 2024

Net Assets

Up

$5,077,397

Up $162,600 (+3.3%) from 2024

Revenue

Up

$3,865,463

Up $418,180 (+12%) from 2024

Expenses

Up

$3,702,863

Up $309,548 (+9.1%) from 2024

Net Income

Up

$162,600

Up $108,632 (+201%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2011: $3,429,078Liabilities 2011: $182,569Net Assets 2011: $3,246,5092011Assets 2012: $3,650,816Liabilities 2012: $233,425Net Assets 2012: $3,417,3912012Assets 2013: $3,466,516Liabilities 2013: $105,268Net Assets 2013: $3,361,2482013Assets 2014: $3,468,290Liabilities 2014: $166,274Net Assets 2014: $3,302,0162014Assets 2015: $3,529,392Liabilities 2015: $71,401Net Assets 2015: $3,457,9912015Assets 2016: $3,708,428Liabilities 2016: $71,478Net Assets 2016: $3,636,9502016Assets 2017: $4,262,521Liabilities 2017: $120,067Net Assets 2017: $4,142,4542017Assets 2018: $4,519,082Liabilities 2018: $167,880Net Assets 2018: $4,351,2022018Assets 2019: $4,604,911Liabilities 2019: $165,129Net Assets 2019: $4,439,7822019Assets 2020: $4,583,696Liabilities 2020: $106,835Net Assets 2020: $4,476,8612020Assets 2021: $4,849,104Liabilities 2021: $103,831Net Assets 2021: $4,745,2732021Assets 2022: $5,040,316Liabilities 2022: $235,156Net Assets 2022: $4,805,1602022Assets 2023: $5,012,073Liabilities 2023: $151,244Net Assets 2023: $4,860,8292023Assets 2024: $5,446,186Liabilities 2024: $531,389Net Assets 2024: $4,914,7972024Assets 2025: $5,269,992Liabilities 2025: $192,595Net Assets 2025: $5,077,3972025

Highlighted filing

2025

Assets$5,269,992
Liabilities$192,595
Net Assets$5,077,397

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $3,618,9302011Expenses 2012: $2,790,0682012Expenses 2013: $2,932,7882013Revenue 2014: $2,703,006Expenses 2014: $2,762,238Net Income 2014: -$59,2322014Revenue 2015: $2,824,406Expenses 2015: $2,668,431Net Income 2015: $155,9752015Revenue 2016: $2,784,736Expenses 2016: $2,605,777Net Income 2016: $178,9592016Revenue 2017: $2,872,612Expenses 2017: $2,367,108Net Income 2017: $505,5042017Revenue 2018: $2,705,855Expenses 2018: $2,497,107Net Income 2018: $208,7482018Revenue 2019: $2,705,342Expenses 2019: $2,616,762Net Income 2019: $88,5802019Revenue 2020: $3,058,215Expenses 2020: $3,021,136Net Income 2020: $37,0792020Revenue 2021: $3,182,249Expenses 2021: $2,913,837Net Income 2021: $268,4122021Revenue 2022: $2,986,549Expenses 2022: $2,926,662Net Income 2022: $59,8872022Revenue 2023: $3,034,607Expenses 2023: $2,961,505Net Income 2023: $73,1022023Revenue 2024: $3,447,283Expenses 2024: $3,393,315Net Income 2024: $53,9682024Revenue 2025: $3,865,463Expenses 2025: $3,702,863Net Income 2025: $162,6002025

Highlighted filing

2025

Revenue$3,865,463
Expenses$3,702,863
Net Income$162,600

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$5.27$0.19$5.08$3.87$3.70$0.16
2024Detailed filing. Detailed filing data is available for this year.$5.45$0.53$4.91$3.45$3.39$0.05
2023Detailed filing. Detailed filing data is available for this year.$5.01$0.15$4.86$3.03$2.96$0.07
2022Detailed filing. Detailed filing data is available for this year.$5.04$0.24$4.81$2.99$2.93$0.06
2021Detailed filing. Detailed filing data is available for this year.$4.85$0.10$4.75$3.18$2.91$0.27
2020Detailed filing. Detailed filing data is available for this year.$4.58$0.11$4.48$3.06$3.02$0.04
2019Detailed filing. Detailed filing data is available for this year.$4.60$0.17$4.44$2.71$2.62$0.09
2018Detailed filing. Detailed filing data is available for this year.$4.52$0.17$4.35$2.71$2.50$0.21
2017Detailed filing. Detailed filing data is available for this year.$4.26$0.12$4.14$2.87$2.37$0.51
2016Detailed filing. Detailed filing data is available for this year.$3.71$0.07$3.64$2.78$2.61$0.18
2015Detailed filing. Detailed filing data is available for this year.$3.53$0.07$3.46$2.82$2.67$0.16
2014Detailed filing. Detailed filing data is available for this year.$3.47$0.17$3.30$2.70$2.76$0.06
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.47$0.11$3.36$2.93
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.65$0.23$3.42$2.79
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.43$0.18$3.25$3.62
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Nov 13, 2025
Return Version
2024v5.0
Gross Receipts
$3,865,463
Mission and Program Overview

Mission

Organization's mission or most significant activities as an affiliate of the georgia institute of technology southern light rail inc (dba southern crossroads or sox) is to facilitate access to current and future highly integrated, digital communication services for education, research and economic development within the southeast region, across the united states and abroad. The organization provides the education and research community with connectivity services to various networks including the internet2 network and the energy sciences network. The organization also offers commodity internet access and network monitoring, engineering and technical support services to participants of the organization.

Organization's mission or most significant activities as an affiliate of the georgia institute of technology southern light rail inc (dba sounthern crossroads or sox) is to facilitate access to current and future highly integrated, digital communication services for education, research and economic development within the southeast region, across the united states and abroad. The organization provides the education and reseach community with connectivity services to various networks including the internet2 network and the energy sciences network. The organization also offers commodity internet access and network monitoring, engineering and technical support services to participants of the organization.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$2,438,628$2,576,437▲ $137,809
Savings and Temporary Cash Investments$2,257,735$2,095,355▼ $162,380
Land, Buildings, and Equipment, Net$523,328$399,833▼ $123,495
Prepaid Expenses and Deferred Charges$168,350$168,727▲ $377
Accounts Receivable$58,145$29,640▼ $28,505
Total Assets$5,446,186$5,269,992▼ $176,194
Liabilities
Deferred Revenue$386,729$100,929▼ $285,800
Accounts Payable and Accrued Expenses$144,660$91,666▼ $52,994
Total Liabilities$531,389$192,595▼ $338,794
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,914,797$5,077,397▲ $162,600
Total Net Assets Fund Balance$4,914,797$5,077,397▲ $162,600
Total Liabilities and Net Assets / Fund Balance$5,446,186$5,269,992▼ $176,194

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$399,833$386,160$785,993
Other Securities$2,576,437--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
James G FortnerFormer Treas-$391,027$391,027
Kim ToatleyAsst Treasur-$281,549$281,549
Neil VitroFormer Treas-$227,810$227,810
Natalie PalmerVice Preside-$218,997$218,997
Cynthia MartinAsst. Treasu-$192,749$192,749
Joy WestSecretary-$136,950$136,950
SAMUEL C D'ANGELOPresidentFT$125,946$125,946
Melanie PaulinaAsst. Secret-$89,168$89,168
Shannon McgheeDirector-$60,124$60,124
Jazmyn MuseAsst Secreta-$52,600$52,600

Board Members and Trustees

NameTitle
Tim LieuwenChair
Chaouki AbdallahFormer Chair
Natalie PalmerVice President
Christian CummingsDirector
Frank ClarkDirector
Kelly RobinsonDirector
Leo HowellDirector
Richard a AloDirector
Robert ButeraDirector
William DracosDirector
Kim ToatleyAsst Treasurer
Cynthia MartinAsst. Treasurer
James G FortnerFormer Treasurer
Neil VitroFormer Treasurer
Tanesha StewardSecretary
Terryl BarnesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,650,000
Program Service Revenue
$1,999,413
Investment Income
$216,050
Other Revenue
$0
Change in Net Assets
$162,600

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,865,463
Total Revenue per Audited Statements
$3,865,463
Total Revenue per Form 990
$3,865,463
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,159,842
Salaries, Compensation, and Employee Benefits$543,021
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$309,033$160,499-$469,532
Other Expenses$312,227--$312,227
All Other Expenses$145,484$68,289-$213,773
Depreciation Depletion$129,736--$129,736
Travel-$76,090-$76,090
Pension Plan Contributions$16,953$15,382-$32,335
Insurance$25,255$3,051-$28,306
Other Employee Benefits$13,485$12,236-$25,721
Payroll Taxes$8,092$7,341-$15,433
Fees for Services Accounting-$9,400-$9,400
Fees for Services Other-$271-$271
Total Functional Expenses$3,350,304$352,559$0$3,702,863

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,702,863
Total Expenses per Audited Statements$3,702,863
Total Expenses per Form 990$3,702,863
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI

Line 15 - the organization does not compensate officers and directors. All reported salaries and benefits are paid by georgia institute of technology, a related organization, which follows compensation setting guidelines established by the board of regents of the university system of georgia.

Form 990, Page 6, Part VI, Line 7A

The president of the georgia institute of technology appoints up to five (5) members of the board of directors. In addition, the advisory board (comprised of representatives of the participant institutions that receive services from the organization) appoints up to two members to the board of directors from among their participants.

Form 990, Page 6, Part VI, Line 9

Chaouki abdallah tanesha steward

Form 990, Page 6, Part VI, Line 11B

The secretary of the organization emails a draft of the form 990 to the full board of directors for their review prior to filing with the irs. If the review results in any changes, the revised form 990 is distributed to the board prior to filing.

Form 990, Page 6, Part VI, Line 12C

Conflict of interest policy applies to each member of the board of directors and to all officers of the organization. The policy also serves as guidance for all persons employed by the georgia institute of technology who have significant responsibilities for the activities of the organization. The policy requires each director and officer annually to (1) review the policy (2) disclose any possible personal, familial, or business relationships that reasonably could give rise to a conflict of interest involving the organization and (3) acknowledge by his or her signature that they are in accordance with the letter and spirit of the policy. Disclosure forms are distributed and collected by the executive director of the organization who provides any positive responses to the board of directors in executive session as appropriate. Directors and officers are requested to disclose substantive relationships they or members of their family maintain with organizations that do business with the organization or which otherwise could be construed to potentially affect their independent, unbiased judgement in light of their decision-making authority or responsibility. Directors of officers who have declared or have been found to have a conflict of interest refrain from consideration of proposed transactions unless for special reasons the board requests information or interpretation. Persons with the conflicts do not vote, participate in discussion, or attend the meeting during vote. Any proposed transaction in which a conflict of interest has been declared or found to exist must be approved by a majority of the disinterested members of the board or the appropriate committee of the board after disclosure of the conflict of interest.

Form 990, Page 6, Part VI, Line 19

The corporation's governing documents and financial statements are available upon request. Georgia institute of technology's conflict of interest policy, which applies to the corporation is also available upon request.

Filing and Contact Details

Filer

Filer Name
Southern Light Rail Inc
EIN
30-0240711
Phone
4048941356
Address
225 NORTH AVENUE LYMAN HALL STE 315, ATLANTA, GA 30332

Signing Officer

Name
SAMUEL C D'ANGELO
Title
President
Phone
4048941356
Signed
2025-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
SAMUEL C D'ANGELO
Formed
2004
Legal Domicile
Ga
Voting Board Members
8
Independent Board Members
4
Employees
0

Preparer

Firm
Alliant CPA Group LLC
Address
1395 S MARIETTA PKWY, MARIETTA, GA 30067
Preparer
Jeff E Schwind
Phone
7704231865
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Organization's mission or most significant activities as an affiliate of the georgia institute of technology southern light rail inc (dba sounthern crossroads or sox) is to facilitate access to current and future highly integrated, digital communication services for education, research and economic development within the southeast region, across the united states and abroad. The organization provides the education and reseach community with connectivity services to various networks including the internet2 network and the energy sciences network. The organization also offers commodity internet access and network monitoring, engineering and technical support services to participants of the organization.

Financial Statement Notes

Schedule D, Page 3, Part X

The organization is a not-for-profit corporation and is exempt from income taxes under section 501(c)(3) of the internal revenue code. Accordingly, no income taxes are reflected in the accompanying financial statements. Asc 740, income taxes, is applicable to not-for-profit entities in those certain matters, such as the organization's tax-exempt status, are considered tax positions taken in its annual informational tax return, and thus, must be assessed for potential unrecognized tax benefits. Under asc 740, the organization assesses the likelihood, based on their technical merit, that such tax positions taken in its informational tax return will be sustained by taxing authorities upon examination of the facts, circumstances, and information available at the end of each financial statement period. Unrecognized tax benefits are measured and recorded as a liability where the organization has determined it to be probable a tax position would not be sustained and the amount of the unrecognized tax benefit, including associated penalties and interest, can reasonably be estimated. The amount recognized is subject to estimate and management judgment with respect to the likely outcome od each uncertain tax position. The amount that is ultimately sustained for an individual uncertain tax position, or for all uncertain tax positions in the aggregate, could differ from the amount recognized. Management has determined that there is no tax liability resulting from unrecognized tax benefits related to uncertain income tax positions taken, or expected to be taken, on its informational tax returns as of june 30, 2025 and 2024. No informational tax returns are currently under examination.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/MissionDesc0ORGANIZATION'S MISSION OR MOST SIGNIFICANT ACTIVITIES AS AN AFFILIATE OF THE GEORGIA INSTITUTE OF TECHNOLOGY SOUTHERN LIGHT RAIL INC (DBA SOUNTHERN CROSSROADS OR SOX) IS TO FACILITATE ACCESS TO CURRENT AND FUTURE HIGHLY INTEGRATED, DIGITAL COMMUNICATION SERVICES FOR EDUCATION, RESEARCH AND ECONOMIC DEVELOPMENT WITHIN THE SOUTHEAST REGION, ACROSS THE UNITED STATES AND ABROAD. THE ORGANIZATION PROVIDES THE EDUCATION AND RESEACH COMMUNITY WITH CONNECTIVITY SERVICES TO VARIOUS NETWORKS INCLUDING THE INTERNET2 NETWORK AND THE ENERGY SCIENCES NETWORK. THE ORGANIZATION ALSO OFFERS COMMODITY INTERNET ACCESS AND NETWORK MONITORING, ENGINEERING AND TECHNICAL SUPPORT SERVICES TO PARTICIPANTS OF THE ORGANIZATION.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS A NOT-FOR-PROFIT CORPORATION AND IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO INCOME TAXES ARE REFLECTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. ASC 740, INCOME TAXES, IS APPLICABLE TO NOT-FOR-PROFIT ENTITIES IN THOSE CERTAIN MATTERS, SUCH AS THE ORGANIZATION'S TAX-EXEMPT STATUS, ARE CONSIDERED TAX POSITIONS TAKEN IN ITS ANNUAL INFORMATIONAL TAX RETURN, AND THUS, MUST BE ASSESSED FOR POTENTIAL UNRECOGNIZED TAX BENEFITS. UNDER ASC 740, THE ORGANIZATION ASSESSES THE LIKELIHOOD, BASED ON THEIR TECHNICAL MERIT, THAT SUCH TAX POSITIONS TAKEN IN ITS INFORMATIONAL TAX RETURN WILL BE SUSTAINED BY TAXING AUTHORITIES UPON EXAMINATION OF THE FACTS, CIRCUMSTANCES, AND INFORMATION AVAILABLE AT THE END OF EACH FINANCIAL STATEMENT PERIOD. UNRECOGNIZED TAX BENEFITS ARE MEASURED AND RECORDED AS A LIABILITY WHERE THE ORGANIZATION HAS DETERMINED IT TO BE PROBABLE A TAX POSITION WOULD NOT BE SUSTAINED AND THE AMOUNT OF THE UNRECOGNIZED TAX BENEFIT, INCLUDING ASSOCIATED PENALTIES AND INTEREST, CAN REASONABLY BE ESTIMATED. THE AMOUNT RECOGNIZED IS SUBJECT TO ESTIMATE AND MANAGEMENT JUDGMENT WITH RESPECT TO THE LIKELY OUTCOME OD EACH UNCERTAIN TAX POSITION. THE AMOUNT THAT IS ULTIMATELY SUSTAINED FOR AN INDIVIDUAL UNCERTAIN TAX POSITION, OR FOR ALL UNCERTAIN TAX POSITIONS IN THE AGGREGATE, COULD DIFFER FROM THE AMOUNT RECOGNIZED. MANAGEMENT HAS DETERMINED THAT THERE IS NO TAX LIABILITY RESULTING FROM UNRECOGNIZED TAX BENEFITS RELATED TO UNCERTAIN INCOME TAX POSITIONS TAKEN, OR EXPECTED TO BE TAKEN, ON ITS INFORMATIONAL TAX RETURNS AS OF JUNE 30, 2025 AND 2024. NO INFORMATIONAL TAX RETURNS ARE CURRENTLY UNDER EXAMINATION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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