Central Montana Rail in Denton, Montana (MT)

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Central Montana Rail
Employer Identification Number (EIN)810429050
Name of OrganizationCentral Montana Rail
AddressPO BOX 868, Denton, MT 59430-0868
ActivitiesArea development, redevelopment of renewal
SubsectionCivic League
Ruling Date05/1986
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2012
Assets$5,000,000 to $9,999,999
Income$500,000 to $999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$7,254,835
Amount of Income$937,427
Form 990 Revenue Amount$562,485
National Taxonomy of Exempt Entities (NTEE)Public, Society Benefit - Multipurpose and Other: Public Transportation Systems, Services


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Amount of income in 2012: $937,427
Central Montana Rail: 

 $937,427
Other organizations performing similar types of work: 

 $2,492,154

Assets in 2012: $7,254,835
Central Montana Rail: 

 $7,254,835
Other organizations performing similar types of work: 

 $3,289,717

Expenses in 2007: $1,005,419
Central Montana Rail: 

 $1,005,419
Other organizations performing similar types of work: 

 $2,103,272

Income to expenses ratio in 2007: 1.0
Central Montana Rail: 

 1.0
Other organizations performing similar types of work: 

 1.0

Expenses allocated to program services in 2007: 35.7%
This organization: 

 35.7%
Other organizations performing similar types of work: 

 86.5%

Financial snapshot ($)

Revenue for 2007

Assets at end of 2007

Expenses for 2007

Functional Expenses for 2007 ($)

Income-Producing Activities for 2007

Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002001200220032004200520062007
Total revenue$748,198$507,172$531,740$485,579$866,112$751,999$1,281,847$1,027,787
Contributions, gifts, grants, and similar amounts received$0$0$0$0$0$0$0$0
Contributions to donor advised funds$0$0
Direct public support$0$0$0$0$0$0$0$0
Indirect public support$0$0$0$0$0$0$0$0
Government contributions (grants)$0$0$0$0$0$0$0$0
Program service revenue including government fees and contracts$0$0$0$0$0$0$0$0
Membership dues and assessments$0$0$0$0$0$0$0$0
Interest on savings and temporary cash investments$129,444$135,042$78,561$75,893$69,355$69,236$87,391$146,391
Dividends and interest from securities$0$0$0$0$0$0$0$0
Net rental income or (loss)$9,435$10,134$10,185$9,710$10,210$10,347$13,710$10,010
Gross rents$9,435$10,134$10,185$9,710$10,210$10,347$13,710$10,010
Less: rental expenses$0$0$0$0$0$0$0$0
Other investment income$0$0$0$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$5,446$-34,233$-3,705$16,200$41,305$52,032$85,934$27,677
Gross amount from sales of assets other than inventory$5,446$0$1,850$16,497$41,305$52,032$85,934$27,677
Less: cost or other basis and sales expenses$0$34,233$5,555$297$0$0$0$0
Net income or (loss) from special events and activities$0$0$0$0$0$0$0$0
Gross revenue$0$0$0$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0$0$0$0
Other revenue$603,873$396,229$446,699$383,776$745,242$620,384$1,094,812$843,709
Total expenses$1,006,071$1,011,510$943,968$926,188$982,548$896,501$1,000,709$1,005,419
Program services$315,318$259,791$214,039$208,582$246,041$268,779$366,711$359,038
Management and general$690,753$751,719$729,929$717,606$736,507$627,722$633,998$646,381
Fundraising$0$0$0$0$0$0$0$0
Payments to affiliates$0$0$0$0$0$0$0$0
Net assets or fund balances at end of year$10,086,402$9,582,064$9,169,836$8,729,227$8,612,791$8,468,289$8,749,427$8,771,795
Excess or (deficit) for the year$-257,873$-504,338$-412,228$-440,609$-116,436$-144,502$281,138$22,368
Net assets or fund balances at beginning of year$10,344,275$10,086,402$9,582,064$9,169,836$8,729,227$8,612,791$8,468,289$8,749,427
Other changes in net assets or fund balances$0$0$0$0$0$0$0$0
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$1,005,419$359,038$646,381$0
Grants paid from donor advised funds$0
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$0$0$0$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$252,922$0$252,922$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$0$0$0$0
Payroll taxes$52,207$0$52,207$0
Professional fundraising fees$0$0$0$0
Accounting fees$6,459$6,459$0$0
Legal fees$42,763$42,763$0$0
Supplies$2,516$0$2,516$0
Telephone$19,008$0$19,008$0
Postage and shipping$1,305$0$1,305$0
Occupancy$10,601$10,241$360$0
Equipment rental and maintenance$0$0$0$0
Printing and publications$5,339$5,339$0$0
Travel$4,195$233$3,962$0
Conferences, conventions, and meetings$0$0$0$0
Interest$0$0$0$0
Depreciation, depletion, etc.$313,834$0$313,834$0
Other expenses not covered above$294,270$294,003$267$0
Balance Sheets
20002001200220032004200520062007
Total assets$10,141,989$9,709,189$9,196,736$8,738,711$8,613,709$8,482,972$8,754,497$8,774,621
Cash - non-interest-bearing$45,556$57,146$20,740$138,321$66,115$124,266$184,368$162,178
Savings and temporary cash investments$2,492,659$2,308,317$2,071,146$1,919,651$2,125,652$2,309,889$2,745,407$2,993,089
Accounts receivable less allowance for doubtful accounts$2,963$23,070$53,430$34,637$116,158$36,661$58,481$80,369
Pledges receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Grants receivable$0$0$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Inventories for sale or use$543,794$524,490$568,995$517,598$552,483$562,167$531,726$508,610
Prepaid expenses and deferred charges$0$0$0$0$40,487$5,018$38,938$39,115
Investments - publicly-traded securities$0$0
Investments - other securities$0$0$0$0$0$0$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0$0
Investments - other$0$0$0$0$0$0$0$0
Land, buildings, and equipment less accumulated depreciation$7,045,133$6,784,282$6,470,113$6,116,311$5,700,060$5,432,379$5,183,195$4,978,838
Other assets, including program-related investments$11,884$11,884$12,312$12,193$12,754$12,592$12,382$12,422
Total liabilities$55,587$127,125$26,900$9,484$918$14,683$5,070$2,826
Accounts payable and accrued expenses$5,587$17,125$26,900$9,484$918$14,683$5,070$2,826
Grants payable$0$0$0$0$0$0$0$0
Deferred revenue$0$0$0$0$0$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0$0$0
Mortgages and other notes payable$50,000$110,000$0$0$0$0$0$0
Other liabilities$0$0$0$0$0$0$0$0
Total liabilities and net assets/fund balances$10,141,989$9,709,189$9,196,736$8,738,711$8,613,709$8,482,972$8,754,497$8,774,621
Total net assets or fund balances$10,086,402$9,582,064$9,169,836$8,729,227$8,612,791$8,468,289$8,749,427$8,771,795
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001200220032004200520062007
Total revenue$748,198$507,172$531,740$485,579$866,112$751,999$1,281,847$1,027,787
Total revenue, gains, and other support per audited financial statements$748,198$507,172$531,740$485,579$866,112$751,999$1,281,847$1,027,787
Other expenses$0$0$0$0$0$0$0$0
Net unrealized gains on investments$0$0$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Other revenue$0$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001200220032004200520062007
Total expenses$1,006,071$1,011,510$943,968$926,188$982,548$896,501$1,000,709$1,005,419
Total expenses and losses per audited financial statements$1,006,071$1,011,510$943,968$926,188$982,548$896,501$1,000,709$1,005,419
Other revenue$0$0$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Other expenses$0$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings8
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?No
Did the organization make only in-house lobbying expenditures of $2,000 or less?No
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?No
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 20060
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$146,391$881,396
Program service revenue
Program service revenue 1000000$000$0$0
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$146,391$0
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$10,010
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$000$0$27,677
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$843,709
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
Enter the total number of donor advised funds owned at the end of the tax year$0
Enter the aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
Enter the total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
Enter the aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it is
Support Schedule
19992000200120022003200420052006
Total$0$0$0$0$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0$0$0$0$0
Membership fees received$0$0$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0$0$0$0$0$0
Net income from unrelated business activities not included above$0$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0$0
Other income$0$0$0$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$1,028,359
Contributions, Gifts, Grants and Other Similar Amounts$0
Program Service Revenue$569,582
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$57,964
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$132,884
Gross rents (Real / Personal)$116,724 / $16,160
Less: rental expenses (Real / Personal)$0 / $0
Rental income or (loss) (Real / Personal)$116,724 / $16,160
Net gain from sales of assets other than inventory$265,113
Gross amount from sales of assets other than inventory (Securities / Other)$794,663 / $182,875
Less: cost or other basis and sales expenses (Securities / Other)$712,256 / $169
Gain or (loss) (Securities / Other)$82,407 / $182,706
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$2,816
Statement of Functional Expenses (for 2011)
Total functional expenses$1,041,311
Compensation of current officers, directors, trustees, and key employees$62,273
Other salaries and wages$246,723
Payroll taxes$64,410
Professional fundraising services$0
Other$667,905
Balance Sheet (for 2011)
Total assets$8,881,233
Total liabilities$107,029
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$104,250
Unsecured notes and loans payable to unrelated third parties$0
Other$2,779
Total net assets or fund balances$8,774,204
Retained earnings, endowment, accumulated income, or other funds$8,774,204
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:Not provided
Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Manhattan And Bronx Surface Transit Operating Authority2 Broadway Room D15-72, New York, NY 10004-2207NY1983-01$959,447,706
2Las Vegas Monorail Company, NV 89169NV$36,584,689
3Central Maryland Regional Transit CorporationTransit Corporation 312 Marshall Av, Laurel, MD 20707MD1988-12$15,807,220
4Telluride Gondola Transit CoTelluride, CO 81435CO$7,773,521
5Pennsylvania Tourism Signing Trust2300 Vartan Way St 240, Harrisburg, PA 17110-9794PA1986-02$4,020,279
6Grand Parkway Association4544 Post Oak Place Dr Ste 222, Houston, TX 77027-3104TX2002-09$3,285,041
7Oscoda-Wurtsmith Airport Authority, Oscoda-Wurtsmith Airport3961 E Airport Dr, Oscoda, MI 48750-2202MI1995-09$2,893,885
8Hawaiian Paradise Park Owners AssociationHc 3 Box 11000, Keaau, HI 96749-9204HI1973-06$2,492,154
9Central Montana RailPO BOX 868, Denton, MT 59430-0868MT1986-05$937,427
10Texas Good Roads/Transportation Association1122 Colorado St Ste 305, Austin, TX 78701-2132TX1940-09$723,632
11Hrcd CorporationPO BOX 48, Hickman, KY 42050-0048KY1988-01$140,992
12Luzerne County Rail Corp16 Luzerne Ave Ste 210, West Pittston, PA 18643-2817PA$129,003
13Regional Transit Authority ArtPO BOX 1240, Spencer, IA 51301-1240IA1980-06$2,387,480
14Heritage Railroad Corporation IncPO BOX 2110, Oak Ridge, TN 37831-2110TN2002-05$201,806
15North American Transportation InstitutePO BOX 6617, Oklahoma City, OK 73153-0617OK1999-04$25,675
16Airport Impact Relief Inc232 Orient Avenue, East Boston, MA 02128MA1994-06$0
Number of organizations performing similar types of work
Colorado1
Hawaii1
Iowa1
Kentucky1
Massachusetts1
Maryland1
Michigan1
Montana1
Nevada1
New York1
Oklahoma1
Pennsylvania2
Tennessee1
Texas2
Virginia1
Total17

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