Civic Intelligence

Fox River Trolley Association Inc

990 • Fiscal year 2022 • EIN 36-3258106

Jan 01, 2022 to Dec 31, 2022 • Filed on May 05, 2023

PO Box 315South Elgin, IL 60177-0315

(847) 697-4676

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

83rd percentile

0.38x

Higher debt load relative to assets than 83% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

89th percentile

0.72x

Higher debt load relative to revenue than 89% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

44th percentile

3.4%

Higher net margin than 44% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

53rd percentile

$0

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

51st percentile

2.3%

Faster asset growth than 51% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

65th percentile

24%

Faster revenue growth than 65% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Assets

Up

$667,943

Up $14,738 (+2.3%) from 2021

Net Assets

Up

$416,990

Up $11,958 (+3.0%) from 2021

Liabilities

Up

$250,953

Up $2,780 (+1.1%) from 2021

Revenue

Up

$348,481

Up $66,934 (+24%) from 2021

Expenses

Up

$336,523

Up $121,865 (+57%) from 2021

Net Income

Down

$11,958

Down $54,931 (-82%) from 2021

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800K$600K$400K$200K$0Assets 2020: $496,910Liabilities 2020: $158,767Net Assets 2020: $338,1432020Assets 2021: $653,205Liabilities 2021: $248,173Net Assets 2021: $405,0322021Assets 2022: $667,943Liabilities 2022: $250,953Net Assets 2022: $416,9902022Assets 2023: $656,324Liabilities 2023: $249,724Net Assets 2023: $406,6002023Assets 2024: $566,975Liabilities 2024: $244,348Net Assets 2024: $322,6272024

Highlighted filing

2022

Assets$667,943
Liabilities$250,953
Net Assets$416,990

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400K$200K$0-$200KRevenue 2020: $117,892Expenses 2020: $271,324Net Income 2020: -$153,4322020Revenue 2021: $281,547Expenses 2021: $214,658Net Income 2021: $66,8892021Revenue 2022: $348,481Expenses 2022: $336,523Net Income 2022: $11,9582022Revenue 2023: $327,153Expenses 2023: $337,543Net Income 2023: -$10,3902023Revenue 2024: $305,465Expenses 2024: $389,438Net Income 2024: -$83,9732024

Highlighted filing

2022

Revenue$348,481
Expenses$336,523
Net Income$11,958
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 5, 2023
Return Version
2022v5.0
Gross Receipts
$351,145
Mission and Program Overview

Mission

Preserve, advance and disseminate knowledge of the history of railway transportation. Accordingly, the Corporation shall operate and maintain a museum, which features historic railway equipment. The Corporation shall engage in those activities necessary for the successful management of the museum, these activities including acquisition, preservation, display and operation of historic railway vehicles for the public.

To operate a museum that preserves and interprets Chicago's electric transport era through operation of historic railway vehicles on its demonstration electric railway and display of related artifacts, photos, and documents.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$405,032$416,990▲ $11,958
Land, Buildings, and Equipment, Net$266,391$362,222▲ $95,831
Savings and Temporary Cash Investments$337,883$241,285▼ $96,598
Prepaid Expenses and Deferred Charges-$15,498-
Inventories for Sale or Use$4,649$4,656▲ $7
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Total Assets$653,205$667,943▲ $14,738
Other Assets Total$44,282$44,282→ $0
Liabilities
Unsecured Notes Loans Payable$248,173$250,953▲ $2,780
Total Liabilities$248,173$250,953▲ $2,780
Net Assets / Fund Balance
Total Net Assets Fund Balance$405,032$416,990▲ $11,958
Total Liabilities and Net Assets / Fund Balance$653,205$667,943▲ $14,738

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$146,529$305,439$451,968
Equipment$111,872$142,855$254,727
Buildings$100,071$83,994$184,065
Land$3,750-$3,750
Leasehold Improvements$0$0$0
Other Assets Org$250--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Edward J KoneckiPresident & Director
Jeff BennettDirector
Patrick StormSecretary & Director
Douglas RundellTreasurer & Director
Fred LonnesVice-Prsident & Director
Revenue and Support

Revenue Composition

Contributions and Grants
$174,102
Program Service Revenue
$171,184
Investment Income
$649
Other Revenue
$2,546
All Other Contributions
$138,847
Change in Net Assets
$11,958
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$307,130
Salaries, Compensation, and Employee Benefits$29,393
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Royalties$57,179--$57,179
Occupancy$41,581--$41,581
Other Salaries and Wages$25,896--$25,896
Other Expenses$17,037$0$0$17,037
Depreciation Depletion$16,537--$16,537
Office Expenses$8,545$5,364-$13,909
Advertising$13,063--$13,063
Interest-$6,771-$6,771
Fees for Services Other$3,290--$3,290
Information Technology$2,661--$2,661
Payroll Taxes$2,169--$2,169
Insurance$300$1,569-$1,869
Other Employee Benefits$1,328--$1,328
Conferences and Meetings-$630-$630
All Other Expenses$250--$250
Total Functional Expenses$322,189$14,334$0$336,523
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
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Members or Stockholders *** Any person whose interest coincides with the purpose of the corporation is Eligible for membership. No person shall be eligible to hold simultaneously more than one membership. Nothing in this section shall be construed to deny any person membership solely on the basis of race, religion, gender, or ethnic origin. There shall be five Classes of Members: 1) Regular - a natural person who meets the regular membership requirements. A Reg. Member may also be a part of a Family Membership. 2) Associate - a natural or juridical person who meets the associate membership requirements. 3) Honorary - a natural or juridical person who has been awarded this membership by the Board of Directors. 4) Family - a natural person, spouse and all sons and daughters 17 years of age or younger who meets the family membership requirements. 5) Institutional - a juridical person who meets the Institutional membership requirement.

Form 990, Part VI, Section A, Line 7A

Power to elect *** Each membership, except institutional, shall be entitled to one vote on matters pertaining to the government of the Corporation.

Form 990, Part VI, Section B, Line 11B

Form 990 Review process *** The IRS Form 990 is prepared by the organization. Prior to filing the Form 990 with the IRS, the organization's current officers and directors review a complete copy of the Form 990.

Form 990, Part VI, Section C, Line 19

How documents are made available to the public *** The organization makes its governing documents (which includes articles of incorporation and bylaws), and financial statements available to the public by written request.

Filing and Contact Details

Filer

Filer Name
Fox River Trolley Association Inc
EIN
36-3258106
Phone
8476974676
Address
PO BOX 315, SOUTH ELGIN, IL 60177-0315
Doing Business As
Fox River Trolley Museum

Signing Officer

Name
Douglas Rundell
Title
Treasurer
Phone
8476974676
Signed
2023-05-05

Organization Details

Principal Officer
Douglas Rundell
Formed
1983
Legal Domicile
Il
Voting Board Members
5
Independent Board Members
5
Employees
14
Volunteers
25
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 1

Accounting Method *** The organization uses a Modified Cash Basis. All Income & Expenses are recorded when received or paid except for Inventory items and Fixed Assets and Long Term Loans. Purchases for Inventory items are expenses when the items are sold in the gift shop. Long Term Assets are capitalized and depreciated.

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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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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt084552
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0581554
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0649
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0268
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0237
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0213
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0265
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01632
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0176394
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0144611
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt015712
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0184518
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0160320
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0681555
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0649
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0268
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0237
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0213
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0265
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01632
IRS990ScheduleA/InvestmentIncomeCYPct00.00129
IRS990ScheduleA/InvestmentIncomePYPct00.00119
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.89614
IRS990ScheduleA/PublicSupportPY509Pct00.89622
IRS990ScheduleA/PublicSupportTotal509Amt01133390
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt033390
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt043070
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt027301
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt07477
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt018481
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0129719
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0350496
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0280614
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0115538
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0271589
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0244872
IRS990ScheduleA/Total509Grp/TotalAmt01263109
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0351145
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0280882
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0115775
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0271802
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0245137
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01264741
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0100071
IRS990ScheduleD/BuildingsGrp/DepreciationAmt083994
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0184065
IRS990ScheduleD/EquipmentGrp/BookValueAmt0111872
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0142855
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0254727
IRS990ScheduleD/LandGrp/BookValueAmt03750
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt03750
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt044032
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1250
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Railway Cars (Collection Assets)
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Aurora, Elgin & Fox River Electric Company Railroad (Historical Track share purchase)
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0146529
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0305439
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0451968
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0362222
IRS990ScheduleD/TotalBookValueOtherAssetsAmt044282
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Members or Stockholders *** Any person whose interest coincides with the purpose of the corporation is Eligible for membership. No person shall be eligible to hold simultaneously more than one membership. Nothing in this section shall be construed to deny any person membership solely on the basis of race, religion, gender, or ethnic origin. There shall be five Classes of Members: 1) Regular - a natural person who meets the regular membership requirements. A Reg. Member may also be a part of a Family Membership. 2) Associate - a natural or juridical person who meets the associate membership requirements. 3) Honorary - a natural or juridical person who has been awarded this membership by the Board of Directors. 4) Family - a natural person, spouse and all sons and daughters 17 years of age or younger who meets the family membership requirements. 5) Institutional - a juridical person who meets the Institutional membership requirement.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Power to elect *** Each membership, except institutional, shall be entitled to one vote on matters pertaining to the government of the Corporation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Form 990 Review process *** The IRS Form 990 is prepared by the organization. Prior to filing the Form 990 with the IRS, the organization's current officers and directors review a complete copy of the Form 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3How documents are made available to the public *** The organization makes its governing documents (which includes articles of incorporation and bylaws), and financial statements available to the public by written request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Accounting Method *** The organization uses a Modified Cash Basis. All Income & Expenses are recorded when received or paid except for Inventory items and Fixed Assets and Long Term Loans. Purchases for Inventory items are expenses when the items are sold in the gift shop. Long Term Assets are capitalized and depreciated.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part XII, Line 1
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0653205
IRS990/TotalAssetsEOYAmt0667943
IRS990/TotalAssetsGrp/BOYAmt0653205
IRS990/TotalAssetsGrp/EOYAmt0667943
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0174102
IRS990/TotalEmployeeCnt014
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt014334
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0322189
IRS990/TotalFunctionalExpensesGrp/TotalAmt0336523
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0248173
IRS990/TotalLiabilitiesEOYAmt0250953
IRS990/TotalLiabilitiesGrp/BOYAmt0248173

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