Civic Intelligence

Bloomer Shipper Railway Redevelopment League

990 • Fiscal year 2020 • EIN 37-1145314

Jun 01, 2019 to May 31, 2020 • Filed on Feb 12, 2021

Organization ProfileN/A
1306 W8th StreetGibson City, IL 60936

(800) 222-2451

Siviq Scores

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

Liabilities / Assets

40th percentile

0.10x

Higher debt load relative to assets than 40% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

89th percentile

0.80x

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

2020 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2020

Net Margin

89th percentile

29%

Higher net margin than 89% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

23rd percentile

$0

Higher top officer pay than 23% of similar nonprofits.

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

2020 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2020

Asset Growth

23rd percentile

-3.8%

Faster asset growth than 23% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

40th percentile

-13%

Faster revenue growth than 40% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets40th percentile

Assets

Down

$3,839,357

Down $151,869 (-3.8%) from 2019

Net Assets

Up

$3,456,769

Up $139,778 (+4.2%) from 2019

Liabilities

Down

$382,588

Down $291,647 (-43%) from 2019

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin89th percentile

Revenue

Down

$475,500

Down $68,960 (-13%) from 2019

Expenses

Down

$335,722

Down $6,623 (-1.9%) from 2019

Net Income

Down

$139,778

Down $62,337 (-31%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth23rd percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2016: $4,186,785Liabilities 2016: $1,542,038Net Assets 2016: $2,644,7472016Assets 2017: $4,160,556Liabilities 2017: $1,253,925Net Assets 2017: $2,906,6312017Assets 2018: $4,079,545Liabilities 2018: $964,669Net Assets 2018: $3,114,8762018Assets 2019: $3,991,226Liabilities 2019: $674,235Net Assets 2019: $3,316,9912019Assets 2020: $3,839,357Liabilities 2020: $382,588Net Assets 2020: $3,456,7692020Assets 2021: $4,230,811Liabilities 2021: $777,863Net Assets 2021: $3,452,9482021Assets 2022: $7,156,078Liabilities 2022: $3,945,509Net Assets 2022: $3,210,5692022Assets 2023: $7,617,356Liabilities 2023: $3,830,000Net Assets 2023: $3,787,3562023Assets 2024: $7,720,833Liabilities 2024: $3,630,000Net Assets 2024: $4,090,8332024Assets 2025: $7,583,783Liabilities 2025: $3,430,000Net Assets 2025: $4,153,7832025

Highlighted filing

2020

Assets$3,839,357
Liabilities$382,588
Net Assets$3,456,769
Open 2020 Filing

Operations Trend

Revenue Growth40th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2016: $717,911Expenses 2016: $372,742Net Income 2016: $345,1692016Revenue 2017: $628,518Expenses 2017: $366,634Net Income 2017: $261,8842017Revenue 2018: $570,189Expenses 2018: $361,944Net Income 2018: $208,2452018Revenue 2019: $544,460Expenses 2019: $342,345Net Income 2019: $202,1152019Revenue 2020: $475,500Expenses 2020: $335,722Net Income 2020: $139,7782020Revenue 2021: $316,801Expenses 2021: $320,622Net Income 2021: -$3,8212021Revenue 2022: $358,720Expenses 2022: $601,103Net Income 2022: -$242,3832022Revenue 2023: $1,281,355Expenses 2023: $704,568Net Income 2023: $576,7872023Revenue 2024: $1,249,875Expenses 2024: $946,398Net Income 2024: $303,4772024Revenue 2025: $963,664Expenses 2025: $900,712Net Income 2025: $62,9522025

Highlighted filing

2020

Revenue$475,500
Expenses$335,722
Net Income$139,778
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2019 to May 31, 2020
Signed
Feb 12, 2021
Return Version
2019v5.2
Gross Receipts
$475,500
Mission and Program Overview

Mission

Bloomer shipper railway redevelopment league provides the right-of-way and collects user fees for railroad cars that travel over and use the railroad line.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,829,389$3,677,209▼ $152,180
Rtn Earn Endowment Incm Other Fnds$3,316,991$3,456,769▲ $139,778
Cash and Non-Interest-Bearing Accounts$4,566$4,877▲ $311
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$3,991,226$3,839,357▼ $151,869
Other Assets Total$157,271$157,271→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$291,647$292,896▲ $1,249
Other Liabilities$382,588$89,692▼ $292,896
Total Liabilities$674,235$382,588▼ $291,647
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,316,991$3,456,769▲ $139,778
Total Liabilities and Net Assets / Fund Balance$3,991,226$3,839,357▼ $151,869

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,021,208$7,824,525$10,845,733
Land$656,001-$656,001
Compensation and Service Providers
Top Officer Pay23rd percentile

Board Members and Trustees

NameTitle
Phil MoritzPresident
Jeremy DuininckVice President
Rick YoungDirector
Joseph ThompsonGeneral Manager
Rodney LandauSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$463,200
Investment Income
$0
Other Revenue
$12,300
Change in Net Assets
$139,778
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$335,722
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$305,480--$305,480
Interest$27,102--$27,102
Fees for Services Accounting$1,580--$1,580
Other Expenses$1,560--$1,560
Total Functional Expenses$335,722$0$0$335,722
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Notes Payable - Alliance Grain Company$89,692
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“The information used to prepare the form 990 comes directly from the audited consolidated financial statements of its parent company. The return is reviewed both by the president and a director and signed by the president before its filing to the irs. As a whole, the board of directors does not review the form 990 prior to its submission.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Bloomer Shipper Railway Redevelopment
EIN
37-1145314
Phone
8002222451
Address
1306 W8TH STREET, GIBSON CITY, IL 60936

Signing Officer

Name
Joe Thompson
Title
President
Phone
8002222451
Signed
2021-02-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Phil Moritz
Formed
1984
Legal Domicile
Il
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
0

Preparer

Firm
Gardiner Company Pc
Address
10555 NEW YORK AVENUE SUITE 200, DES MOINES, IA 50322
Preparer
Dennis Gardiner CPA
Phone
5152701446
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The audit committee has the responsibility of oversight of the audit and selection of accountant. The process of selecting an independent accountant and the responsibility of oversight of the audit has not changed from prior years.”

Financial Statement Notes

PART X, LINE 2:

“The company as an exempt cooperative, is taxed on non-patronage earning and any patronage earnings not paid or allocated to patrons. The company evaluates uncertain tax benefits arising from tax positions taken or expected to be taken based upon the likelihood of being sustained upon examination by applicable tax authorities. If the company determines that a tax position is more likely than not of being sustained, it recognizes the largest amount of the arising benefit that is greater than 50% likely of being realized upon settlement in the consolidated financial statements. For any tax positions taken or expected to be taken that do not pass the more likely than not test, the company establishes reserves offsetting the benefits related to such positions. Interest and penalties, if any, are included in the current period provision for income taxes in the company's statement of savings and are included as a current liability in the balance sheet. The bloomer leaue is a non-profit organization that is exempt from income taxes under section 501(c)(6) of the internal revenue service.”

Raw XML Appendix335 raw XML fields

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

Path#Value
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IRS990/ActivityOrMissionDesc0BLOOMER SHIPPER RAILWAY REDEVELOPMENT LEAGUE PROVIDES THE RIGHT-OF-WAY AND COLLECTS USER FEES FOR RAILROAD CARS THAT TRAVEL OVER AND USE THE RAILROAD LINE.
IRS990/AuditCommitteeInd01
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IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt4GENERAL MANAGER
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IRS990/FSAuditedInd01
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NOTES PAYABLE - ALLIANCE GRAIN COMPANY
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE COMPANY AS AN EXEMPT COOPERATIVE, IS TAXED ON NON-PATRONAGE EARNING AND ANY PATRONAGE EARNINGS NOT PAID OR ALLOCATED TO PATRONS. THE COMPANY EVALUATES UNCERTAIN TAX BENEFITS ARISING FROM TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN BASED UPON THE LIKELIHOOD OF BEING SUSTAINED UPON EXAMINATION BY APPLICABLE TAX AUTHORITIES. IF THE COMPANY DETERMINES THAT A TAX POSITION IS MORE LIKELY THAN NOT OF BEING SUSTAINED, IT RECOGNIZES THE LARGEST AMOUNT OF THE ARISING BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED UPON SETTLEMENT IN THE CONSOLIDATED FINANCIAL STATEMENTS. FOR ANY TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT DO NOT PASS THE MORE LIKELY THAN NOT TEST, THE COMPANY ESTABLISHES RESERVES OFFSETTING THE BENEFITS RELATED TO SUCH POSITIONS. INTEREST AND PENALTIES, IF ANY, ARE INCLUDED IN THE CURRENT PERIOD PROVISION FOR INCOME TAXES IN THE COMPANY'S STATEMENT OF SAVINGS AND ARE INCLUDED AS A CURRENT LIABILITY IN THE BALANCE SHEET. THE BLOOMER LEAUE IS A NON-PROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE SERVICE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE INFORMATION USED TO PREPARE THE FORM 990 COMES DIRECTLY FROM THE AUDITED CONSOLIDATED FINANCIAL STATEMENTS OF ITS PARENT COMPANY. THE RETURN IS REVIEWED BOTH BY THE PRESIDENT AND A DIRECTOR AND SIGNED BY THE PRESIDENT BEFORE ITS FILING TO THE IRS. AS A WHOLE, THE BOARD OF DIRECTORS DOES NOT REVIEW THE FORM 990 PRIOR TO ITS SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE AUDIT COMMITTEE HAS THE RESPONSIBILITY OF OVERSIGHT OF THE AUDIT AND SELECTION OF ACCOUNTANT. THE PROCESS OF SELECTING AN INDEPENDENT ACCOUNTANT AND THE RESPONSIBILITY OF OVERSIGHT OF THE AUDIT HAS NOT CHANGED FROM PRIOR YEARS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART XII, LINE 2C:
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt01306 W 8TH ST POBOX 546
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd060936
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd01
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0250000
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0ACTUAL LOAN BALANCE
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0ALLIANCE GRAIN COMPANY
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0E
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03991226
IRS990/TotalAssetsEOYAmt03839357
IRS990/TotalAssetsGrp/BOYAmt03991226
IRS990/TotalAssetsGrp/EOYAmt03839357
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0335722
IRS990/TotalFunctionalExpensesGrp/TotalAmt0335722
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0674235
IRS990/TotalLiabilitiesEOYAmt0382588
IRS990/TotalLiabilitiesGrp/BOYAmt0674235
IRS990/TotalLiabilitiesGrp/EOYAmt0382588
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03316991
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03456769
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0335722
IRS990/TotalProgramServiceRevenueAmt0463200
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0475500
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0475500
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03839357
IRS990/TotReportableCompRltdOrgAmt00
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IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0GIBSON CITY
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060936
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JOE THOMPSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08002222451
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-02-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BLOOMER SHIPPER RAILWAY REDEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0LEAGUE
ReturnHeader/Filer/BusinessNameControlTxt0BLOO
ReturnHeader/Filer/EIN0371145314
ReturnHeader/Filer/PhoneNum08002222451
ReturnHeader/Filer/USAddress/AddressLine1Txt01306 W8TH STREET
ReturnHeader/Filer/USAddress/CityNm0GIBSON CITY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060936
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0421186197
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GARDINER COMPANY PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt010555 NEW YORK AVENUE SUITE 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0DES MOINES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd050322
ReturnHeader/PreparerPersonGrp/PhoneNum05152701446
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DENNIS GARDINER CPA
ReturnHeader/ReturnTs02021-02-12T08:59:11-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-06-01
ReturnHeader/TaxPeriodEndDt02020-05-31
ReturnHeader/TaxYr02019

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,839,357
Liabilities
$382,588
Net assets
$3,456,769
Revenue
$475,500
Expenses
$335,722
Net income
$139,778
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.58$3.43$4.15$0.96$0.90$0.06
2024Detailed filing. Detailed filing data is available for this year.$7.72$3.63$4.09$1.25$0.95$0.30
2023Detailed filing. Detailed filing data is available for this year.$7.62$3.83$3.79$1.28$0.70$0.58
2022Detailed filing. Detailed filing data is available for this year.$7.16$3.95$3.21$0.36$0.60$0.24
2021Detailed filing. Detailed filing data is available for this year.$4.23$0.78$3.45$0.32$0.32$0.00
2020Detailed filing. Detailed filing data is available for this year.$3.84$0.38$3.46$0.48$0.34$0.14
2019Detailed filing. Detailed filing data is available for this year.$3.99$0.67$3.32$0.54$0.34$0.20
2018Detailed filing. Detailed filing data is available for this year.$4.08$0.96$3.11$0.57$0.36$0.21
2017Detailed filing. Detailed filing data is available for this year.$4.16$1.25$2.91$0.63$0.37$0.26
2016Detailed filing. Detailed filing data is available for this year.$4.19$1.54$2.64$0.72$0.37$0.35