Nonprofit · EIN 45-3656118
PORT RAIL INC
Tax-exempt · LAKE CHARLES, LA 70602
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,280,891 | $1,612,514 | -$331,623 | $2,018,132 | $2,875,801 | -$857,669 |
| December 31, 2023 | 990 | $1,015,159 | $1,506,645 | -$491,486 | $2,274,263 | $2,800,309 | -$526,046 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,277,164
- Investment income
- $3,727
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $147,645
- Other salaries and wages
- $472,621
- Salaries, compensation and benefits (total)
- $880,388
- Professional fundraising fees
- $0
- Accounting fees
- $48,800
- Travel
- $1,891
- Depreciation
- $226,243
- Program services (functional)
- $825,902
- Management and general (functional)
- $786,612
Balance sheet and other
- Total assets, start of year
- $2,274,263
- Total assets, end of year
- $2,018,132
- Total liabilities, end of year
- $2,875,801
- Net assets, end of year
- -$857,669
- Land, buildings and equipment
- $3,353
- Net assets without donor restrictions
- -$857,669
- Gross receipts
- $1,280,891
- Employees
- 7
- Volunteers
- 5
- Year formed
- 2011
- State of legal domicile
- LA
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 | Other / benefits |
|---|---|---|---|---|
| DEREK MIDKIFF | EXECUTIVE DIRECTOR Officer | 40 | $147,645 | $18,527 |
| RICHERT L SELF | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KEVIN GUIDRY | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| BEN BOURGEOIS | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| RANDY OAKLEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KAY C BARNETT | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DEREK MIDKIFF | EXECUTIVE DIRECTOR Officer | 40 | $160,327 | $26,837 |
| RICHERT L SELF | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| RANDY OAKLEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KARL J KRIELOW FORMER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| THOMAS L LORENZI | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KAY C BARNETT | PRESIDENT Officer | 1 | $0 | $0 |
| BEN BOURGEOIS | TREASURER Officer | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1, LAKE CHARLES, LA 70602-0001
- In care of
- % LEGAL DEPT
- Principal officer (990 for 2024)
- DEREK MIDKIFF, 1611 W SALLIER ST, LAKE CHARLES, LA 70601
- Signed the 990
- DEREK MIDKIFF, EXECUTIVE DIRECTOR
- Phone
- (337) 493-3504
- Website
- WWW.PORTRAILLC.COM
- Return prepared by
- BOWERS & COMPANY CPAS PLLC
Mission
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.
Program accomplishments
- 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.Expenses $825,902 · revenue $1,277,164
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
- 45-3656118
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Unknown (Z99)
- Assets (IRS master file)
- $2,018,132
- Income (IRS master file)
- $1,280,891
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,280,891 | $1,612,514 | $2,018,132 | IRS |
| 990 | December 2023 | $1,015,159 | $1,506,645 | $2,274,263 | XML |
| 990 | December 2022 | $924,409 | $1,551,900 | $2,487,297 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 45-3656118).
Questions about PORT RAIL INC
- What is the EIN of PORT RAIL INC?
- The employer identification number (EIN) of PORT RAIL INC is 45-3656118.
- Is PORT RAIL INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 2014.
- Are donations to PORT RAIL INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does PORT RAIL 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 PORT RAIL 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 PORT RAIL 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 PORT RAIL INC?
- The 990 for the year ended December 31, 2024 names DEREK MIDKIFF.
- Who are the officers and directors of PORT RAIL INC?
- The 990 for the year ended December 31, 2024 lists 6 people; 1 received compensation from the organization, the highest $147,645 (DEREK MIDKIFF, EXECUTIVE DIRECTOR).
- How much revenue does PORT RAIL INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,280,891, expenses of $1,612,514 and total assets of $2,018,132 at year end.
Other nonprofits in LAKE CHARLES
- OLE MAN RIVER PETS INC EIN 87-1455669 · last filed 990-EZ for 2025
- SOUTHWEST LOUISIANA HOSPITAL ASSOCIATION INC EIN 72-0551963 · last filed 990 for 2024
- CHRISTUS HEALTH SOUTHWESTERN LOUISIANA EIN 72-0411322 · last filed 990 for 2025
- LAKE CHARLES CHARTER ACADEMY FOUNDATION INC EIN 27-3158582 · last filed 990 for 2025
- SWLA CENTER FOR HEALTH SERVICES EIN 72-1015384 · last filed 990 for 2025
- MC NEESE STATE UNIVERSITY FOUNDATION EIN 72-6029144 · last filed 990 for 2025
- H C DREW ESTATE EIN 72-6019245 · last filed 990 for 2024
- STATE CHARTERED CREDIT UNIONS IN LOUISIANA EIN 72-0454922 · last filed 990 for 2025