2024-11-14T11:05:39-06:00 2023-12-31 201317788 BOWERS & COMPANY CPA'S PLLC 333 WEST WASHINGTON STREET SUITE 500 SYRACUSE NY 13202 990 2023-01-01 453656118 PORT RAIL INC PORT 3374933533 150 MARINE STREET LAKE CHARLES LA 70601 DEREK MIDKIFF EXECUTIVE DIRECTOR 3374933504 2024-11-14 1 0 RICHARD I FARLEY P01083459 3152341100 2024-11-14 2023 2024-10-15 13:58:12Z DEREK MIDKIFF 1611 W SALLIER ST LAKE CHARLES LA 70601 1015159 0 X WWW.PORTRAILLC.COM X 2011 LA THE PURPOSE OF THE CORPORATION SHALL BE TO AQUIRE, OWN, MAINTAIN, UTILIZE AND/OR OPERATE THE RAIL LINE BETWEEN THE UNION PACIFIC RAILROAD COMPANY HARBOR YARD IN LAKE CHARLES AND THE LAKE CHARLES HARBOR TERMINAL DISTRICT'S CITY DOCKS AND INDUSTRIAL CANAL IN UNINCORPORATED CALCASIEU PARISH, A DISTANCE OF APPROXIMATELY 15 MILES, AS WELL AS OTHER CONNECTING RAIL LINES AND RAIL FACILITIES, ALL IN CALCASIEU PARISH FOR THE PURPOSES OF PROMOTING ECONOMIC DEVELOPMENT IN THE REGION. 5 5 7 5 0 0 0 0 923912 1014894 497 265 0 0 924409 1015159 0 0 0 0 813784 849525 0 0 0 738116 657120 1551900 1506645 -627491 -491486 2487297 2274263 2521859 2800309 -34562 -526046 X THE PURPOSE OF THE CORPORATION SHALL BE TO AQUIRE, OWN, MAINTAIN, UTILIZE AND/OR OPERATE THE RAIL LINE BETWEEN THE UNION PACIFIC RAILROAD COMPANY HARBOR YARD IN LAKE CHARLES AND THE LAKE CHARLES HARBOR TERMINAL DISTRICT'S CITY DOCKS AND INDUSTRIAL CANAL IN UNINCORPORATED CALCASIEU PARISH, A DISTANCE OF APPROXIMATELY 15 MILES, AS WELL AS OTHER CONNECTING RAIL LINES AND RAIL FACILITIES, ALL IN CALCASIEU PARISH FOR THE PURPOSES OF PROMOTING ECONOMIC DEVELOPMENT IN THE REGION. 0 0 777080 1014894 ASSISTED THE LAKE CHARLES HARBOR & TERMINAL DISTRICT BY OPERATION OF A SHORT-LINE RAILROAD, CAR SWITCHING, AND OTHER NEEDED RAILS SERVICES THROUGHOUT THE YEAR. THESE SERVICES HELPED TO REDUCED THE BURDENS OF LOCAL GOVERNMENT AND ALLEVIATED RAIL CONGESTION WITHIN THE CALCASIEU PARISH AREA. THE ORGANIZATION ASPIRES TO BETTER UTILIZE RAIL RESOURCES OF CALCASIEU PARISH, SO THAT INDIVIDUAL COMMUNITIES MAY REACH THEIR COMMERCIAL POTENTIAL. 777080 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 3 0 7 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 X JOSEPH M MOCCIARO 3152341100 120 MADISON ST - 1700 AXA TOWER II SYRACUSE NY 13202 RICHERT L SELF BOARD MEMBER 1.00 X 0 0 0 RANDY OAKLEY BOARD MEMBER 1.00 X 0 0 0 KARL J KRIELOW FORMER BOARD MEMBER 1.00 X 0 0 0 THOMAS L LORENZI BOARD MEMBER 1.00 X 0 0 0 KAY C BARNETT PRESIDENT 1.00 X 0 0 0 BEN BOURGEOIS TREASURER 1.00 X 0 0 0 DEREK MIDKIFF EXECUTIVE DIRECTOR 40.00 X 160327 0 26837 160327 0 26837 1 0 1 0 0 SERVICE REVENUE 480000 1014894 1014894 1014894 265 265 1015159 1014894 0 265 157600 157600 436025 340306 95719 26956 26956 110327 78040 32287 118617 71204 47413 9135 9135 48000 48000 5593 5593 1220 1220 14287 7425 6862 45281 45281 226721 226721 223800 223800 RENT EXPENSE 29786 17918 11868 MAINTENANCE & REPAIRS 26291 26291 FUEL 12096 12096 TELEPHONE & INTERNET 6624 6624 8286 8286 1506645 777080 729565 0 1101153 1108649 130465 135242 54503 55917 39571 33430 9405 6141 1191771 968314 2487297 2274263 274496 287791 1256954 1744800 990409 767718 2521859 2800309 X -34562 -526046 -34562 -526046 2487297 2274263 -491486 0 X 0 1 X 1 0 39571 33430 6141 6141 RIGHT OF USE ASSET - GATX LOCOMOTIVES 968314 968314 LONG TERM LIABILITY - GATX LOCOMOTIVES 767718 767718 1015159 0 1015159 0 1015159 1506642 0 1506642 0 1506642 X 0 0 0 0 0 0 0 0 0 DEREK MIDKIFF EXECUTIVE DIRECTOR 160327 0 0 0 0 0 9620 0 17217 0 187164 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR AND SECRETARY OF THE ORGANIZATION FOR ACCURACY AND COMPLETENESS, THEN PRESENTED TO THE OTHER BOARD MEMBERS BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH BOARD MEMBER MUST ADHERE TO THE POLICY AND NOTIFY THE EXECUTIVE BOARD WHEN THERE IS A POTENTIAL BREACH IN THE POLICY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.