Liabilities / Assets
99th percentile
Higher debt load relative to assets than 99% of similar nonprofits.
The Third Rail
990EZ • Fiscal year 2016 • EIN 46-3399032
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
6.04x
Liabilities / Revenue
97th percentile
Higher debt load relative to revenue than 97% of similar nonprofits.
Net Margin
7th percentile
Higher net margin than 7% of similar nonprofits.
Top Officer Pay
75th percentile
Higher top officer pay than 75% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
16th percentile
Faster asset growth than 16% of similar nonprofits.
Revenue Growth
10th percentile
Faster revenue growth than 10% of similar nonprofits.
Balance Sheet
Assets
Down$11,736
Down $4,526 (-28%) from 2015
Net Assets
Down-$59,159
Down $26,654 (-82%) from 2015
Liabilities
Up$70,895
Up $22,128 (+45%) from 2015
Revenue And Expenses
Revenue
Down$45,658
Down $45,443 (-50%) from 2015
Expenses
Down$72,312
Down $42,343 (-37%) from 2015
Net Income
Down-$26,654
Down $3,100 (-13%) from 2015
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2016 to Dec 31, 2016
- Signed
- Nov 8, 2017
- Return Version
- 2016v3.0
- Gross Receipts
- $45,658
Mission and Program Overview
Mission
The Third Rail is a free nonprofit periodical devoted to a discussion of modern and contemporary art, politics, philosophy, and culture, featuring critical essays and reviews, interviews, literary arts, and artist center spread projects.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| Payments to individuals or organizations are used produced as a substantial, print-based publication featuring work by internationally recognized contributors, and best of all, it is offered to readers free of charge.In tax year 2016, the organization issued 3 periodicals containing over 180 pages of the contributors work. | $0 | $65,361 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Cameron Gainer | President | - | $0 | - | - |
| PHong Bui | Member | - | $0 | - | - |
| Chris Larson | Member | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- The Third Rail
- EIN
- 46-3399032
- Phone
- 7184404486
- Address
- 1237 4th Street NE, Minneapolis, MN 55413
Signing Officer
- Name
- Cameron Gainer
- Title
- President
- Phone
- 7184404486
- Signed
- 2017-11-08
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Wipfli LLP
- Address
- 7601 France Avenue South Suite 400, Minneapolis, MN 55435
- Preparer
- Michael J Peterson CPA
- Phone
- 9525483400
Supplemental Narrative
Additional Explanations
Form 990-EZ, Part I, Line 8 - Other Revenue
“Description: Advertising. Amount: 8,375.”
Form 990-EZ, Part I, Line 16 - Other Expenses
“Description: Bank Fees. Amount: 257. Description: Website Expense. Amount: 510. Description: Licenses & Taxes. Amount: 907. Description: Interest Expense. Amount: 2,777. Description: Advertising. Amount: 591. Total to Form 990-EZ, line 16: 5,042.”
Form 990-EZ, Part II, Line 24 - Other Assets
“Description: Posters - Available for Sale. Beg. of Year Amount: 3,685. End of Year Amount: 3,685. Description: Receivable from US Bank. Beg. of Year Amount: 0. End of Year Amount: 200. Description: Other Depreciable Assets. Beg. of Year Amount: 3,013. End of Year Amount: 3,013.”
Form 990-EZ, Part II, Line 26 - Other Liabilities
“Description: Due to Cameron Gainer. Beg. of Year Amount: 30,000. End of Year Amount: 36,000. Description: Line of Credit. Beg. of Year Amount: 6,516. End of Year Amount: 22,643. Description: Accounts Payable. Beg. of Year Amount: 6,714. End of Year Amount: 6,714. Description: Sales Tax Payable. Beg. of Year Amount: 5,537. End of Year Amount: 5,538.”
Raw XML Appendix173 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 |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | 0 |
| IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | Cameron Gainer |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 7184404486 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 1237 4th Street NE |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | Minneapolis |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MN |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 55413 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 9564 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 4838 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | 0 |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 29871 |
| IRS990EZ/DirectIndirectPltclExpendAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | 0 |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -26654 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 38664 |
| IRS990EZ/FiledScheduleAInd | 0 | 1 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | 0 |
| IRS990EZ/ForeignOfficeInd | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 16262 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 11736 |
| IRS990EZ/GrossReceiptsAmt | 0 | 45658 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartVInd | 0 | X |
| IRS990EZ/LoansToFromOfficersAmt | 0 | 36000 |
| IRS990EZ/LobbyingActivitiesInd | 0 | 0 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | 1 |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | -32505 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | -59159 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | -32505 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | -59159 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | Cameron Gainer |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | PHong Bui |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | Chris Larson |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | President |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | Member |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | Member |
| IRS990EZ/OperateHospitalInd | 0 | 0 |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | 0 |
| IRS990EZ/OrganizationFiled990TInd | 0 | 1 |
| IRS990EZ/OrganizationHadUBIInd | 0 | 1 |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 6698 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 6898 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 5042 |
| IRS990EZ/OtherRevenueTotalAmt | 0 | 8375 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | The Third Rail is a free nonprofit periodical devoted to a discussion of modern and contemporary art, politics, philosophy, and culture, featuring critical essays and reviews, interviews, literary arts, and artist center spread projects. |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 28606 |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 7412 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | Payments to individuals or organizations are used produced as a substantial, print-based publication featuring work by internationally recognized contributors, and best of all, it is offered to readers free of charge.In tax year 2016, the organization issued 3 periodicals containing over 180 pages of the contributors work. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 65361 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990EZ/SchoolOperatingInd | 0 | 0 |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | MN |
| IRS990EZ/SubjectToProxyTaxInd | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 48767 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 70895 |
| IRS990EZ/TanningServicesProvidedInd | 0 | 0 |
| IRS990EZ/TaxImposedOnOrganizationMgrAmt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4911Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4912Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4955Amt | 0 | 0 |
| IRS990EZ/TaxReimbursedByOrganizationAmt | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 72312 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 65361 |
| IRS990EZ/TotalRevenueAmt | 0 | 45658 |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | 0 |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | www.thirdrailquarterly.org |
| IRS990ScheduleA/First5Years170Ind | 0 | X |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 29871 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 39332 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 32816 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 56366 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 158385 |
| IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt | 0 | 14454 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 137371 |
| IRS990ScheduleA/SubstantialContributorsTotAmt | 0 | 21014 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 29871 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 39332 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 32816 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 56366 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 158385 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 199072 |
| IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearAmt | 0 | 0 |
| IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus1YearAmt | 0 | 35640 |
| IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 4519 |
| IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 528 |
| IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt | 0 | 40687 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt | 0 | 36000 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd | 0 | 1 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd | 0 | 0 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt | 0 | Reimburse for expenses paid personally by director |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd | 0 | X |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt | 0 | 2233 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm | 0 | Cameron Gainer |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt | 0 | Board President |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd | 0 | 1 |
| IRS990ScheduleL/TotalBalanceDueAmt | 0 | 36000 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Description: Advertising. Amount: 8,375. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Description: Bank Fees. Amount: 257. Description: Website Expense. Amount: 510. Description: Licenses & Taxes. Amount: 907. Description: Interest Expense. Amount: 2,777. Description: Advertising. Amount: 591. Total to Form 990-EZ, line 16: 5,042. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Description: Posters - Available for Sale. Beg. of Year Amount: 3,685. End of Year Amount: 3,685. Description: Receivable from US Bank. Beg. of Year Amount: 0. End of Year Amount: 200. Description: Other Depreciable Assets. Beg. of Year Amount: 3,013. End of Year Amount: 3,013. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | Description: Due to Cameron Gainer. Beg. of Year Amount: 30,000. End of Year Amount: 36,000. Description: Line of Credit. Beg. of Year Amount: 6,516. End of Year Amount: 22,643. Description: Accounts Payable. Beg. of Year Amount: 6,714. End of Year Amount: 6,714. Description: Sales Tax Payable. Beg. of Year Amount: 5,537. End of Year Amount: 5,538. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990-EZ, Part I, Line 8 - Other Revenue |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990-EZ, Part I, Line 16 - Other Expenses |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990-EZ, Part II, Line 24 - Other Assets |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Form 990-EZ, Part II, Line 26 - Other Liabilities |
| TransferPrsnlBnftContractsDecl/DeclarationDesc | 0 | The organization did not, during the year, receive any funds, directly,or indirectly, to pay premiums on a personal benefit contract.The organization, did not, during the year, pay any premiums, directly,or indirectly, on a personal benefit contract. |
| ReturnHeader/BuildTS | 0 | 2017-02-10 21:41:12Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | Cameron Gainer |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | President |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 7184404486 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2017-11-08 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | The Third Rail |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | THIR |
| ReturnHeader/Filer/EIN | 0 | 463399032 |
| ReturnHeader/Filer/PhoneNum | 0 | 7184404486 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 1237 4th Street NE |
| ReturnHeader/Filer/USAddress/CityNm | 0 | Minneapolis |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | MN |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 55413 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId | 0 | DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId | 0 | BB3069DA9F6047B5836CE2952E0AE234800C2778 |
| ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd | 0 | P |
| ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt | 0 | 50.249.107.123 |
| ReturnHeader/FilingSecurityInformation/IPDt | 0 | 2017-11-08 |
| ReturnHeader/FilingSecurityInformation/IPTimezoneCd | 0 | CS |
| ReturnHeader/FilingSecurityInformation/IPTm | 0 | 09:15:01 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 390758449 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | Wipfli LLP |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 7601 France Avenue South Suite 400 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | Minneapolis |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | MN |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 55435 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 9525483400 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2017-11-08 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | Michael J Peterson CPA |
| ReturnHeader/ReturnTs | 0 | 2017-11-13T14:00:35-06:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2016-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2016-12-31 |
| ReturnHeader/TaxYr | 0 | 2016 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2016 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $11,736
- Liabilities
- $70,895
- Net assets
- -$59,159
- Revenue
- $45,658
- Expenses
- $72,312
- Net income
- -$26,654