Civic Intelligence

Bloomer Shipper Railway Redevelopment League

990 • Fiscal year 2024 • EIN 37-1145314

Jun 01, 2023 to May 31, 2024 • Filed on Dec 09, 2024

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

79th percentile

0.47x

Higher debt load relative to assets than 79% of similar nonprofits.

2024 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

98th percentile

2.90x

Higher debt load relative to revenue than 98% of similar nonprofits.

2024 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2024

Net Margin

87th percentile

24%

Higher net margin than 87% of similar nonprofits.

2024 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

13th percentile

$0

Higher top officer pay than 13% of similar nonprofits.

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

2024 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2024

Asset Growth

33rd percentile

1.4%

Faster asset growth than 33% of similar nonprofits.

2024 filings • 501(c)6 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

20th percentile

-2.5%

Faster revenue growth than 20% of similar nonprofits.

2024 filings • 501(c)6 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets79th percentile

Assets

Up

$7,720,833

Up $103,477 (+1.4%) from 2023

Net Assets

Up

$4,090,833

Up $303,477 (+8.0%) from 2023

Liabilities

Down

$3,630,000

Down $200,000 (-5.2%) from 2023

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin87th percentile

Revenue

Down

$1,249,875

Down $31,480 (-2.5%) from 2023

Expenses

Up

$946,398

Up $241,830 (+34%) from 2023

Net Income

Down

$303,477

Down $273,310 (-47%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth33rd 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

2024

Assets$7,720,833
Liabilities$3,630,000
Net Assets$4,090,833
Open 2024 Filing

Operations Trend

Revenue Growth20th 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

2024

Revenue$1,249,875
Expenses$946,398
Net Income$303,477
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2023 to May 31, 2024
Signed
Dec 9, 2024
Return Version
2023v5.1
Gross Receipts
$1,249,875
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$7,192,408$7,554,816▲ $362,408
Rtn Earn Endowment Incm Other Fnds$3,787,356$4,090,833▲ $303,477
Cash and Non-Interest-Bearing Accounts$10,237$8,073▼ $2,164
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$7,617,356$7,720,833▲ $103,477
Other Assets Total$414,711$157,944▼ $256,767
Liabilities
Other Liabilities$3,630,000$3,430,000▼ $200,000
Mortgage Notes Payable Secured by Investment Property$200,000$200,000→ $0
Total Liabilities$3,830,000$3,630,000▼ $200,000
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,787,356$4,090,833▲ $303,477
Total Liabilities and Net Assets / Fund Balance$7,617,356$7,720,833▲ $103,477

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$6,898,815$9,827,181$16,725,996
Land$656,001-$656,001
Compensation and Service Providers
Top Officer Pay13th percentile

Board Members and Trustees

NameTitle
Phil MoritzPresident
Jeremy DuininckVice President
Rick YoungDirector
Jb DaughenbaughGeneral Manager
Rodney LandauSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,239,217
Investment Income
$10,658
Other Revenue
$0
Change in Net Assets
$303,477
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$946,398
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$625,597--$625,597
Interest$316,027--$316,027
Other Expenses$18--$18
Total Functional Expenses$946,398$0$0$946,398
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 - Cobank$3,430,000
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
Jb Daughenbaugh
Title
General Manager
Phone
8002222451
Signed
2024-12-09
Discuss with paid preparer
Yes

Organization Details

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 earnings 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 league is a non-profit organization that is exempt from income taxes under section 501(c)(6) of the internal revenue service.”

Raw XML Appendix329 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.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE COMPANY AS AN EXEMPT COOPERATIVE, IS TAXED ON NON-PATRONAGE EARNINGS 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 LEAGUE IS A NON-PROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE SERVICE.
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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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ReturnHeader/BuildTS02024-10-15 13:58:12Z
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ReturnHeader/ReturnTs02024-12-16T08:28:59-06:00
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ReturnHeader/TaxPeriodBeginDt02023-06-01
ReturnHeader/TaxPeriodEndDt02024-05-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,720,833
Liabilities
$3,630,000
Net assets
$4,090,833
Revenue
$1,249,875
Expenses
$946,398
Net income
$303,477
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