Nonprofit · EIN 47-3587308
BELMONT TROLLEY INCORPORATED
Tax-exempt · BELMONT, NC 28012
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $155,007 | $37,357 | $117,650 | $2,041,253 | $0 | $2,041,253 |
| December 31, 2024 | 990 | $1,225,894 | $14,088 | $1,211,806 | $1,843,264 | $0 | $1,843,264 |
| December 31, 2023 | 990 | $202,983 | $33,549 | $169,434 | $631,458 | $0 | $631,458 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $92,793
- Program service revenue
- $0
- Investment income
- $62,214
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Travel
- $1,159
- Program services (functional)
- $14,957
- Management and general (functional)
- $13,586
- Fundraising (functional)
- $8,814
Balance sheet and other
- Total assets, start of year
- $1,843,264
- Total assets, end of year
- $2,041,253
- Total liabilities, end of year
- $0
- Net assets, end of year
- $2,041,253
- Publicly traded securities
- $961,861
- Net assets without donor restrictions
- $2,041,253
- Gross receipts
- $155,007
- Employees
- 0
- Volunteers
- 11
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Robert A Pressley | President Trustee or director, Officer | 5 | $0 |
| Ron Lovelace | Vice President Trustee or director, Officer | 5 | $0 |
| Nate Wells | Vice President Trustee or director, Officer | 5 | $0 |
| Brian Litwak | Secretary Trustee or director, Officer | 5 | $0 |
| John Pilkington | Treasurer Trustee or director, Officer | 5 | $0 |
| Chris Christy | Treasurer Trustee or director | 2 | $0 |
| Nick Elder | Director Trustee or director | 2 | $0 |
| Matthew Hart | Director Trustee or director | 2 | $0 |
| Nancy Litwak | Director Trustee or director | 2 | $0 |
| Jim Steiner | Director Trustee or director | 2 | $0 |
| Keanu Trujillo | Director Trustee or director | 2 | $0 |
| Barak West | Director Trustee or director | 2 | $0 |
990 for the year ended December 31, 2024: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Brian Litwak | Secretary Trustee or director, Officer | 5 | $0 |
| Robert Pressley | President Trustee or director, Officer | 5 | $0 |
| Nate Wells | Vice President Trustee or director, Officer | 5 | $0 |
| Nick Elder | Director Trustee or director | 2 | $0 |
| Ron Lovelace | Vice President Trustee or director, Officer | 5 | $0 |
| John Pilkington | Treasurer Trustee or director, Officer | 5 | $0 |
| Chris Christy | Director Trustee or director | 2 | $0 |
| Nancy Litwak | Director Trustee or director | 2 | $0 |
| Jim Steiner | Director Trustee or director | 2 | $0 |
| Barak West | Director Trustee or director | 2 | $0 |
| Keanu Trujillo | Director Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Brian Litwak | Secretary Trustee or director, Officer | 5 | $0 |
| Robert Pressley | President Trustee or director, Officer | 5 | $0 |
| Nate Wells | Vice President Trustee or director, Officer | 5 | $0 |
| Emilie Rudisill | Director Trustee or director | 2 | $0 |
| Ron Lovelace | Vice President Trustee or director, Officer | 5 | $0 |
| John Pilkington | Treasurer Trustee or director, Officer | 5 | $0 |
| Chris Christy | Director Trustee or director | 2 | $0 |
| Nancy Litwak | Director Trustee or director | 2 | $0 |
| Jim Steiner | Director Trustee or director | 2 | $0 |
| Barak West | Director Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 100 N MAIN STREET SUITE 250, BELMONT, NC 28012-3104
- Principal officer (990 for 2025)
- Robert Pressley
- Signed the 990
- Robert Pressley, President
- Phone
- (980) 277-1023
- Return prepared by
- Foard and Company PA
Mission
Belmont Trolleys mission is to preserve the past by restoring trolley service and operating a museum in Gaston County, while inspiring the future through emerging technologies, connecting communities and serving as a catalyst for economic growth.
Program accomplishments
- Further restoration efforts of historic Trolley to return to serviceWith a shared dedication to upholding transparency and fiscal responsibility, Belmont Trolley embarked on a collaborative journey with Foard & Company to prepare our annual tax return. Recognizing the significance of accurate financial reporting, we meticulously gathered and presented a comprehensive array of financial data. Through regular consultations and open communication, we provided Foard with a comprehensive understanding of our organizations financial landscape, confident that our partnership would yield a meticulously prepared Form 990, reflecting our commitment to fiscal responsibility and regulatory compliance.Expenses $14,957
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 | 990 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
- 47-3587308
- 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
- 2015
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A99)
- Assets (IRS master file)
- $2,041,253
- Income (IRS master file)
- $155,007
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $155,007 | $37,357 | $2,041,253 | XML |
| 990 | December 2024 | $1,225,894 | $14,088 | $1,843,264 | IRS |
| 990 | December 2023 | $202,983 | $33,549 | $631,458 | XML |
| 990 | December 2022 | $243,490 | $49,704 | $462,024 | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | 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 47-3587308).
Questions about BELMONT TROLLEY INCORPORATED
- What is the EIN of BELMONT TROLLEY INCORPORATED?
- The employer identification number (EIN) of BELMONT TROLLEY INCORPORATED is 47-3587308.
- Is BELMONT TROLLEY INCORPORATED tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to BELMONT TROLLEY INCORPORATED tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BELMONT TROLLEY INCORPORATED 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 BELMONT TROLLEY INCORPORATED due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BELMONT TROLLEY INCORPORATED last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of BELMONT TROLLEY INCORPORATED?
- The 990 for the year ended December 31, 2025 names Robert Pressley.
- Who are the officers and directors of BELMONT TROLLEY INCORPORATED?
- The 990 for the year ended December 31, 2025 lists 12 people; 0 received compensation from the organization.
- How much revenue does BELMONT TROLLEY INCORPORATED have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $155,007, expenses of $37,357 and total assets of $2,041,253 at year end.
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