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X 1966 DE TO PRESERVE AND INTERPRET THE NATURAL, CULTURAL, AND RAILROAD HERITAGE OF NORTHERN DELAWARE, AND SPECIFICALLY THE FEATURES OF THE RED CLAY VALLEY, FOR THE EDUCATION AND ENJOYMENT OF THE PUBLIC. 8 8 13 78 0 883302 430016 775099 845618 145 22 0 1658546 1275656 0 0 270097 271782 0 48923 998726 1043634 1268823 1315416 389723 -39760 12707875 12807752 33770 33399 12674105 12774353 TO PRESERVE AND INTERPRET THE NATURAL, CULTURAL, AND RAILROAD HERITAGE OF NORTHERN DELAWARE, AND SPECIFICALLY THE FEATURES OF THE RED CLAY VALLEY, FOR THE EDUCATION AND ENJOYMENT OF THE PUBLIC. false false 1070239 845618 TO PRESERVE AND INTERPRET THE NATURAL, CULTURAL, AND RAILROAD HERITAGE OF NORTHERN DELAWARE, AND SPECIFICALLY THE FEATURES OF THE RED CLAY VALLEY, FOR THE EDUCATION AND ENJOYMENT OF THE PUBLIC. 1070239 true true false false false false false true false false true false false false false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 0 0 13 true false false false false false false false false false false false false false false X 8 8 false false false false false true false true true false false true true true true true false true true false X X HISTORIC RED CLAY VALLEY INC 3029981930 1601 RAILROAD AVE WILMINGTON DE 198080787 X ROBERT C PEOPLES JR PRESIDENT 1.00 X X 0 0 0 SUSANNA LEE VICE PRESIDE 1.00 X X 0 0 0 MARK NORTH SECRETARY 1.00 X X 0 0 0 GENE F GIULIANI DIRECTOR 1.00 X 0 0 0 JOHN HOLLADAY DIRECTOR 1.00 X 0 0 0 JOHN M IWASYK DIRECTOR 1.00 X 0 0 0 EDWARD A LIPKA DIRECTOR 1.00 X 0 0 0 JONATHAN SCALLY DIRECTOR 1.00 X 0 0 0 false false false 4955 425061 430016 TRAIN RELATED INCOME 845618 845618 845618 22 22 1275656 845618 22 10661 6077 2772 1812 223245 127249 58044 37952 37876 21589 9848 6439 12350 12350 12947 10227 2720 48625 1117 47508 16628 15131 1497 594131 578072 16059 64235 16059 48176 GENERAL LOCOMOTIVE EXPENS 155243 155243 LOCOMOTIVE AND TRACK REPA 123012 123012 MISCELLANEOUS 16463 16463 1315416 1070239 196254 48923 892819 712670 10317 19813 46675 61194 17667181 7153716 10550705 10513465 1207259 1500510 100 100 12707875 12807752 33770 33399 33770 33399 X 11842407 12210924 831698 563429 12674105 12774353 12707875 12807752 -39760 140008 X true X false true false X 564836 296519 1963074 883302 430016 4137747 564836 296519 1963074 883302 430016 4137747 1129696 3008051 384 398 50 145 22 999 4138746 3445661 0.72680 0.79300 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false 269743 269743 1135042 428083 706959 1136370 363765 772605 14937365 6206497 8730868 188661 155371 33290 10513465 X 1795072 140008 379408 519416 1275656 1275656 1694824 379408 379408 1315416 1315416 SCHEDULE D, PAGE 3, PART X THE ENTITY QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, IT IS NOT SUBJECT TO FEDERAL OR STATE INCOME TAXES. ALTHOUGH THE ENTITY IS NOT SUBJECT TO FEDERAL AND STATE INCOME TAXES, THE ENTITY IS REQUIRED TO ADHERE TO ASC 740, "ACCOUNTING FOR INCOME TAXES", WHICH APPLIES TO ALL ENTITIES INCLUDING THOSE THAT ARE TAX EXEMPT UNDER 501(C)(3). ASC 740 CLARIFIES THE ACCOUNTING AND REPORTING FOR INCOME TAXES WHERE INTERPRETATION OF THE TAX LAW MAY BE UNCERTAIN. ASC 740 PRESCRIBES A COMPREHENSIVE MODEL FOR THE FINANCIAL STATEMENTS' RECOGNITION, MEASUREMENT, PRESENTATION AND DISCLOSURE OF INCOME TAX UNCERTAINTIES WITH RESPECT TO POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN INCOME TAX RETURNS. MANAGEMENT HAS REVIEWED ITS CURRENT AND PAST FEDERAL INCOME TAX POSITIONS AND HAS DETERMINED, BASED ON CLEAR AND UNAMBIGUOUS TAX LAW AND REGULATIONS, THAT THE TAX POSITIONS TAKEN ARE CERTAIN AND THAT THERE IS NO LIKELIHOOD THAT A MATERIAL TAX ASSESSMENT WOULD BE MADE IF THE RESPECTIVE GOVERNMENT AGENCY EXAMINED TAX RETURNS SUBJECT TO AUDIT. ACCORDINGLY, NO PROVISION FOR THE EFFECTS OF UNCERTAIN TAX POSITIONS HAS BEEN RECORDED. AS OF DECEMBER 31, 2023, THE 2020, 2021 AND 2022, TAX YEARS ARE OPEN AND SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE; HOWEVER, THE ENTITY IS NOT CURRENTLY UNDER AUDIT NOR HAS THE ENTITY BEEN CONTACTED BY THIS JURISDICTION. ANY INTEREST AND PENALTIES RELATED TO INCOME TAXES WOULD BE RECORDED AS INCOME TAX EXPENSE. THERE ARE NO INTEREST AND PENALTIES AS OF DECEMBER 31, 2023 AND 2022. FORM 990, PAGE 6, PART VI, LINE 7A MEMBERS MAY ELECT ONE OR MORE MEMBERS OF THE GOVERNING BODY. FORM 990, PAGE 6, PART VI, LINE 11B THE FEDRERAL TAX RETURN, FORM 990, IS REVIEWED AND APPROVED BY THE TREASURER AND THE CHAIR OF THE BOARD OF DIRECTORS PRIOR TO ITS FILING. FORM 990, PAGE 6, PART VI, LINE 12C THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THEIR CONFLICTS OF INTEREST POLICY BY ANNUALLY HAVING BOARD MEMBERS SIGN FORM. FORM 990, PAGE 6, PART VI, LINE 15A THE ORGANIZATION HAS A PERSONNEL COMMITTEE, THAT BASES SALARY OFF OF A PERFORMANCE EVALUATION. FORM 990, PAGE 6, PART VI, LINE 15B OTHER OFFICERS AND KEY EMPLOYEES OF THE ORGANIZATION HAVE SALARIES BASED ON THE INDUSTRIES AVERAGE. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION MAKES IT GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC, UPON REQUEST. FORM 990 IS ALSO AVAILABLE ON GUIDESTAR.