Nonprofit · EIN 23-7079342
MIDWEST RAILWAY PRESERVATION SOCIETY INC
Tax-exempt · CLEVELAND, OH 44113
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $281,235 | $262,572 | $18,663 | $4,407,623 | $188,190 | $4,219,433 |
| December 31, 2023 | 990 | $200,278 | $187,796 | $12,482 | $4,396,225 | $198,216 | $4,198,009 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $74,193
- of which government grants
- $39,076
- Membership dues
- $7,704
- Program service revenue
- $197,766
- Investment income
- $10,154
- Net gain from sales of assets
- $10,075
- Net income from sales of inventory
- -$878
- Other revenue
- -$878
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $12,800
- Other salaries and wages
- $107,640
- Salaries, compensation and benefits (total)
- $120,440
- Professional fundraising fees
- $0
- Legal fees
- $75
- Accounting fees
- $1,059
- Occupancy
- $20,398
- Travel
- $815
- Program services (functional)
- $262,572
Balance sheet and other
- Total assets, start of year
- $4,396,225
- Total assets, end of year
- $4,407,623
- Total liabilities, end of year
- $188,190
- Net assets, end of year
- $4,219,433
- Land, buildings and equipment
- $4,258,856
- Gross receipts
- $283,376
- Employees
- 0
- Volunteers
- 134
- Year formed
- 1955
- State of legal domicile
- OH
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 |
|---|---|---|---|
| STEVE KORPOS | EXECUTIVE DIRECTOR Officer | 49.8 | $12,800 |
| GREG ANTZ | TRUSTEE Trustee or director | 9.6 | $0 |
| ZACHARY GUZAN | TRUSTEEE Trustee or director | 7.8 | $0 |
| MITCH KARABINUS | TRUSTEE Trustee or director | 8.5 | $0 |
| KEN MCCOWN | TRUSTEE Trustee or director | 4.3 | $0 |
| PETER STOJSAVLJEVIC | TRUSTEE Trustee or director | 6.2 | $0 |
| STEVE EMLING | PRESIDENT Trustee or director, Officer | 19.3 | $0 |
| KEN YANDEK | BOARD CHAIRMAN Officer | 19.6 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STEVE KORPOS JR | EXECUTIVE DIRECTOR Trustee or director, Officer | 50 | $12,800 |
| STEVE EMLING | PRESIDENT Trustee or director, Officer | 19 | $0 |
| GREG ANTZ | TRUSTEE Trustee or director | 10 | $0 |
| KEN MCCOWN | TRUSTEE Trustee or director | 4 | $0 |
| PETAR STOJSAVLJEVIC | TRUSTEE Trustee or director | 6 | $0 |
| KEN YANDEK | BOARD CHAIRMAN Trustee or director, Officer | 20 | $0 |
| MITCH KARABINUS | TRUSTEE Trustee or director | 9 | $0 |
| ALAN THOMPSON | TREASURER Trustee or director, Officer | 41 | $0 |
| VICTORIA HICKLING | TRUSTEE Trustee or director | 2 | $0 |
| ZACHARY GUZAN | TRUSTEE Trustee or director | 8 | $0 |
Address and contacts
- Address (IRS master file)
- 2800 W 3RD ST, CLEVELAND, OH 44113-2516
- In care of
- % STEVE KORPOS
- Principal officer (990 for 2024)
- STEVE KORPOS, 2800 WEST 3RD ST, CLEVELAND, OH 44113
- Signed the 990
- STEVE KORPOS, EXECUTIVE DIRECTOR
- Phone
- (330) 397-9994
- Return prepared by
- Gerst Tax & Financial Services
Mission
OPERATION OF HISTORIC TRAINS
Program accomplishments
- OPERATION OF HISTORIC TRAINSExpenses $262,572
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
- 23-7079342
- 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
- 1969
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $4,407,623
- Income (IRS master file)
- $283,376
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $281,235 | $262,572 | $4,407,623 | IRS |
| 990 | December 2023 | $200,278 | $187,796 | $4,396,225 | XML |
| 990 | December 2022 | $291,873 | $303,734 | $4,378,732 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 23-7079342).
Questions about MIDWEST RAILWAY PRESERVATION SOCIETY INC
- What is the EIN of MIDWEST RAILWAY PRESERVATION SOCIETY INC?
- The employer identification number (EIN) of MIDWEST RAILWAY PRESERVATION SOCIETY INC is 23-7079342.
- Is MIDWEST RAILWAY PRESERVATION SOCIETY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1969.
- Are donations to MIDWEST RAILWAY PRESERVATION SOCIETY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MIDWEST RAILWAY PRESERVATION SOCIETY INC 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 RAILWAY PRESERVATION SOCIETY INC 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 RAILWAY PRESERVATION SOCIETY INC 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 RAILWAY PRESERVATION SOCIETY INC?
- The 990 for the year ended December 31, 2024 names STEVE KORPOS.
- Who are the officers and directors of MIDWEST RAILWAY PRESERVATION SOCIETY INC?
- The 990 for the year ended December 31, 2024 lists 8 people; 1 received compensation from the organization, the highest $12,800 (STEVE KORPOS, EXECUTIVE DIRECTOR).
- How much revenue does MIDWEST RAILWAY PRESERVATION SOCIETY INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $281,235, expenses of $262,572 and total assets of $4,407,623 at year end.
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