Nonprofit · EIN 23-7002864
MIDWEST CENTRAL RAILROAD
Tax-exempt · MT PLEASANT, IA 52641
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $477,693 | $478,567 | -$874 | $1,787,633 | $141,142 | $1,646,491 |
| December 31, 2023 | 990 | $405,303 | $462,084 | -$56,781 | $1,786,018 | $153,326 | $1,632,692 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $9,989
- Membership dues
- $1,160
- Program service revenue
- $466,040
- Investment income
- $6,670
- Net gain from sales of assets
- -$1,165
- Net income from sales of inventory
- -$5,006
- Other revenue
- -$5,006
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $41,477
- Salaries, compensation and benefits (total)
- $44,650
- Professional fundraising fees
- $0
- Accounting fees
- $2,750
- Occupancy
- $87,670
- Travel
- $1,290
- Depreciation
- $37,094
- Program services (functional)
- $431,715
- Management and general (functional)
- $9,758
Balance sheet and other
- Total assets, start of year
- $1,786,018
- Total assets, end of year
- $1,787,633
- Total liabilities, end of year
- $141,142
- Net assets, end of year
- $1,646,491
- Land, buildings and equipment
- $1,093,568
- Gross receipts
- $507,797
- Employees
- 1
- Volunteers
- 180
- Year formed
- 1960
- State of legal domicile
- IA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAN HAGIST | TREASURER Trustee or director, Officer | 20 | $0 |
| DYLAN DUNCAN | SECRETARY Trustee or director | 5 | $0 |
| JOHN KORSCHOT | DIRECTOR Trustee or director | 2 | $0 |
| DAVE OSIER | PRESIDENT Trustee or director, Officer | 19 | $0 |
| JERRY CROUCH | DIRECTOR Trustee or director | 5 | $0 |
| BLAIR BUFFINGTON | VICE-PRESIDENT Trustee or director, Officer | 15 | $0 |
| SCOTT WATSON | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAN HAGIST | TREASURER Trustee or director, Officer | 20 | $0 |
| DYLAN DUNCAN | DIRECTOR Trustee or director | 5 | $0 |
| JOHN KORSCHOT | DIRECTOR Trustee or director | 2 | $0 |
| DAVE OSIER | PRESIDENT Trustee or director, Officer | 19 | $0 |
| CHRISTOPHER PACHA | DIRECTOR Trustee or director | 5 | $0 |
| SCOTT WATSON | DIRECTOR Trustee or director | 2 | $0 |
| JERRY CROUCH | DIRECTOR Trustee or director | 5 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 102, MT PLEASANT, IA 52641-0102
- Principal officer (990 for 2024)
- MIDWEST CENTRAL RAILROAD, PO BOX 102, Mount Pleasant, IA 52641
- Signed the 990
- MATTHEW D CRULL, CEO
- Phone
- (319) 219-2119
- Website
- WWW.MCRR.ORG
- Return prepared by
- H AND R BLOCK
Mission
OUR MISSION IS TO PRESERVE AND COMMEMORATE RAILWAY HERITAGE FOR THE EDUCATIONAL BENEFIT AND ENJOYMENT FOR CURRENT AND FUTURE GENERATIONS.
Program accomplishments
- THE MIDWEST CENTRAL RAILROAD BRINGS THE EXCITEMENT OF RAIL TRAVEL 100 YEARS AGO TO LIFE BEHIND AUTHENTIC STEAM POWERED TRAINS. THE MUSEUM HAS LIVE ACTION OF STEAM ENGINES AND ROLLING STOCK TO PROVIDE EDUCATION DISPLAYS AND TOUR OF THE OPERATIONExpenses $431,715 · revenue $466,040
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7002864
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1968
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A540)
- Assets (IRS master file)
- $1,787,633
- Income (IRS master file)
- $507,797
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $477,693 | $478,567 | $1,787,633 | IRS |
| 990 | December 2023 | $405,303 | $462,084 | $1,786,018 | XML |
| 990 | December 2022 | $418,137 | $428,599 | $1,842,352 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7002864).
Questions about MIDWEST CENTRAL RAILROAD
- What is the EIN of MIDWEST CENTRAL RAILROAD?
- The employer identification number (EIN) of MIDWEST CENTRAL RAILROAD is 23-7002864.
- Is MIDWEST CENTRAL RAILROAD tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1968.
- Are donations to MIDWEST CENTRAL RAILROAD tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MIDWEST CENTRAL RAILROAD file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MIDWEST CENTRAL RAILROAD due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MIDWEST CENTRAL RAILROAD last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of MIDWEST CENTRAL RAILROAD?
- The 990 for the year ended December 31, 2024 names MIDWEST CENTRAL RAILROAD.
- Who are the officers and directors of MIDWEST CENTRAL RAILROAD?
- The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does MIDWEST CENTRAL RAILROAD have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $477,693, expenses of $478,567 and total assets of $1,787,633 at year end.
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