Civic Intelligence

Rails Endowment for Academic Art and Athletic Dev

990 • Fiscal year 2024 • EIN 77-0672002

Jul 01, 2023 to Jun 30, 2024 • Filed on May 14, 2025

Organization Profilewww.rea3d.org
131 9th AveProctor, MN 55810

(608) 386-9891

Siviq Scores

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

Liabilities / Assets

33rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

33rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

97th percentile

83%

Higher net margin than 97% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

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

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

86th percentile

42%

Faster asset growth than 86% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

88th percentile

77%

Faster revenue growth than 88% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets33rd percentile

Assets

Up

$533,999

Up $159,130 (+42%) from 2023

Net Assets

Up

$533,999

Up $159,130 (+42%) from 2023

Liabilities

Flat

$0

Flat from 2023

Revenue And Expenses
Liabilities / Revenue33rd percentileNet Margin97th percentile

Revenue

Up

$192,355

Up $83,787 (+77%) from 2023

Expenses

Up

$33,225

Up $4,637 (+16%) from 2023

Net Income

Up

$159,130

Up $79,150 (+99%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth86th percentile

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

$600K$400K$200K$0Assets 2023: $374,869Liabilities 2023: $0Net Assets 2023: $374,8692023Assets 2024: $533,999Liabilities 2024: $0Net Assets 2024: $533,9992024

Highlighted filing

2024

Assets$533,999
Liabilities$0
Net Assets$533,999
Open 2024 Filing

Operations Trend

Revenue Growth88th percentile

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

$200K$150K$100K$50K$0Revenue 2023: $108,568Expenses 2023: $28,588Net Income 2023: $79,9802023Revenue 2024: $192,355Expenses 2024: $33,225Net Income 2024: $159,1302024

Highlighted filing

2024

Revenue$192,355
Expenses$33,225
Net Income$159,130
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 14, 2025
Return Version
2023v6.0
Gross Receipts
$207,354
Mission and Program Overview

Mission

To enable life enriching academic, art, and athletic activities which cannot rely on traditional educational funding. It reaches these goals by holding fundraising activities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$374,869$533,999▲ $159,130
Total Assets$374,869$533,999▲ $159,130
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$374,869$533,999▲ $159,130
Total Net Assets Fund Balance$374,869$533,999▲ $159,130
Total Liabilities and Net Assets / Fund Balance$374,869$533,999▲ $159,130
Compensation and Service Providers
Top Officer Pay55th percentile

Board Members and Trustees

NameTitle
Sherm CarlsonPresident
Barbara SteenVice President
Christy StrohmBoard Member
Connie StanleyBoard Member
Gordy WestendorfBoard Member
Janelle GomezBoard Member
Kelly OkstadBoard Member
Louise LindBoard Member
Rory JohnsonBoard Member
Roxanne BijoldBoard Member
Russel HabermannBoard Member
Ryan KrajewskiBoard Member
Shelly VannesteBoard Member
Lynn PetersonSecretary
Jim WardTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$140,464
Program Service Revenue
$0
Investment Income
$10,965
Other Revenue
$40,926
All Other Contributions
$140,464
Change in Net Assets
$159,130
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$23,552
Grants and Similar Amounts Paid$9,673
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$15,000--$15,000
Grants to Domestic Individuals$9,673--$9,673
Advertising$5,548$617-$6,165
Fees for Services Accounting$923$103-$1,026
Total Functional Expenses$32,505$720$0$33,225
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$55,925
Fundraising Direct Expenses$14,999
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Candlelight$53,466$53,466$14,999$38,467
Hylla Run$1,059$1,059-$1,059
Total Events$54,525$54,525$14,999$39,526
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
Backup withholding compliance
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
Yes
Other officer compensation reviewed
Yes
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 governing body review Part VI line 11

“Submitted to governing board for review and approval at board meeting prior to filing.”

Conflict of interest policy compliance Part VI line 12C

“Written conflict of interest policy reviewed and approved annually at board meeting.”

CEO executive director top management comp Part VI line 15A

“Executive director salary set by governing body based on experience, organization goals, and industry comparables.”

Other officer or key employee compensation Part VI line 15B

“The compensation for the Executive Director and Program Director each are researched and evaluated annually. The board uses market averages, performance, and length of service to determine the salaries.”

Governing documents etc available to public Part VI line 19

“Paper copies of form 990 and financials statements are available upon request. Minnesota Attorney General also provides electronic copies of form 990 on guidestar.org.”

Filing and Contact Details

Filer

Filer Name
Rails Endowment for Academic Art and Athletic Dev
EIN
77-0672002
Address
131 9th Ave, Proctor, MN 55810
Doing Business As
Rea3d

Signing Officer

Name
Jim Ward
Title
Treasurer
Phone
6083869891
Signed
2025-05-14
Discuss with paid preparer
No

Organization Details

Formed
2013
Legal Domicile
Mn
Voting Board Members
15
Independent Board Members
15
Employees
0
Volunteers
25

Preparer

Firm
Duluth Accounting and Tax Services
Address
4897 Miller Trunk Hwy Suite 103, Hermantown, MN 55811
Preparer
Donovan Frye
Phone
2185912059
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0117252
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0324606
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt014999
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Candlelight
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0Hylla Run
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt053466
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt01059
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt054525
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt053466
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt01059
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt054525
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt039526
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt014999
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt014999
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Submitted to governing board for review and approval at board meeting prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Written conflict of interest policy reviewed and approved annually at board meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Executive director salary set by governing body based on experience, organization goals, and industry comparables.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The compensation for the Executive Director and Program Director each are researched and evaluated annually. The board uses market averages, performance, and length of service to determine the salaries.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Paper copies of form 990 and financials statements are available upon request. Minnesota Attorney General also provides electronic copies of form 990 on guidestar.org.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0374869
IRS990/TotalAssetsEOYAmt0533999
IRS990/TotalAssetsGrp/BOYAmt0374869
IRS990/TotalAssetsGrp/EOYAmt0533999
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0140464
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0720
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt032505
IRS990/TotalFunctionalExpensesGrp/TotalAmt033225
IRS990/TotalGrossUBIAmt040926
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0374869
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0533999
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt032505
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt010965
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0192355
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt040926
IRS990/TotalVolunteersCnt025
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0374869
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0533999
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt015
IRS990/VotingMembersIndependentCnt015
IRS990/WebsiteAddressTxt0www.rea3d.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0Jim Ward
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum06083869891
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Rails Endowment for Academic Art and Athletic Dev
ReturnHeader/Filer/BusinessNameControlTxt0RAIL
ReturnHeader/Filer/EIN0770672002
ReturnHeader/Filer/USAddress/AddressLine1Txt0131 9th Ave
ReturnHeader/Filer/USAddress/CityNm0Proctor
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055810
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0842105067
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Duluth Accounting and Tax Services
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04897 Miller Trunk Hwy Suite 103
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Hermantown
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055811
ReturnHeader/PreparerPersonGrp/PhoneNum02185912059
ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Donovan Frye

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$533,999
Liabilities
$0
Net assets
$533,999
Revenue
$192,355
Expenses
$33,225
Net income
$159,130
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.34$0.00$5.34$1.92$0.33$1.59
2023Detailed filing. Detailed filing data is available for this year.$3.75$0.00$3.75$1.09$0.29$0.80
Peer Organizations

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