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Nonprofit · EIN 41-1398934

LAKE SUPERIOR AND MISSISSIPPI RAILROAD COMPANY

Tax-exempt · DULUTH, MN 55816

Financials

$163K$148K2023$128K$275K2024$154K$148K2025
Revenue Expenses · by fiscal year end
Financials of LAKE SUPERIOR AND MISSISSIPPI RAILROAD COMPANY by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990-EZ$154,214$148,205$6,009$358,032–$358,032
December 31, 2024990-EZ$127,871$275,391-$147,520$352,023–$352,023
December 31, 2023990-EZ$162,958$147,797$15,161$499,543–$499,543
Financial details: 990-EZ for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$60,208
Program service revenue
$84,974
Investment income
$5,514
Net gain from sales of assets
$3,518

Expenses

Compensation of officers, directors and key employees
$0
Occupancy
$42,142
Printing, publications and postage
$16,312
Other expenses
$89,751
Program services (functional)
$148,205

Balance sheet and other

Total assets, start of year
$352,023
Total assets, end of year
$358,032
Total liabilities, end of year
–
Net assets, end of year
$358,032
Cash, savings and investments
$192,470
Land and buildings
$107,741
Gross receipts
$157,834

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-EZ for the year ended December 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
Harold DolsSecretary5$0
Kerry CarterTreasurer10$0
Joel MannsDirector5$0
Dick HansonDirector5$0
David MoorePresident20$0
Kim CulpDirector5$0
Richard JohnsonDirector5$0
Thomas ThatcherDirector5$0
Mike PappasDirector5$0
Duayne AndersonChairman10$0
990-EZ for the year ended December 31, 2024: 11 people
NameTitleHours / weekCompensation
Harold DolsSecretary5$0
Kerry CarterTreasurer10$0
David BolgrenDirector20$0
Joel MannsDirector5$0
Dick HansonDirector5$0
David MooreDirector5$0
Kim CulpDirector5$0
Richard JohnsonDirector5$0
Thomas ThatcherDirector5$0
Mike PappasDirector5$0
Duayne AndersonDirector5$0
990-EZ for the year ended December 31, 2023: 10 people
NameTitleHours / weekCompensation
Harold DolsSecretary5$0
Kerry CarterTreasurer5$0
David BolgrenDirector20$0
Joel MannsDirector5$0
Dick HansonDirector5$0
David MooreDirector5$0
Kim CulpDirector5$0
Richard JohnsonDirector5$0
Thomas ThatcherDirector5$0
Mike PappasDirector5$0

Address and contacts

Address (IRS master file)
PO BOX 16211, DULUTH, MN 55816-0211
In care of
% KERRY CARTER
Signed the 990-EZ
Kerry Carter, Corporate Treasurer
Phone
(218) 341-8672

Mission

Historical/Educational train ride over scenic and historic railroad tracks Offering an educational experience on the history and geography of the St. Louis River estuary.

990-EZ for the year ended December 31, 2025

Program accomplishments

  • To provide visitors a historic train ride riding in vintagecoaches on National Historic track and right-of-wayalong the St. Louis River. Our Community programs include:Free Veteran rides - 122, Free infants - 288, Free Community - 169
    Expenses $148,205 · grants $27,732
  • Historical/educational train rides over scenic and historic railroad tracks using heritage equipment.

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990-EZ on file
2024December 31, 2024May 15, 2025990-EZ on file
2023December 31, 2023May 15, 2024990-EZ on file

IRS record

EIN
41-1398934
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
1983
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$358,032
Income (IRS master file)
$157,834

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZDecember 2025$154,214$148,205$358,032IRS
990-EZDecember 2024$127,871$275,391$352,023IRS
990-EZDecember 2023$162,958$147,797$499,543XML
990December 2022$251,482$71,076$484,382IRS
990-EZDecember 2021–––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 41-1398934).

Questions about LAKE SUPERIOR AND MISSISSIPPI RAILROAD COMPANY

What is the EIN of LAKE SUPERIOR AND MISSISSIPPI RAILROAD COMPANY?
The employer identification number (EIN) of LAKE SUPERIOR AND MISSISSIPPI RAILROAD COMPANY is 41-1398934.
Is LAKE SUPERIOR AND MISSISSIPPI RAILROAD COMPANY tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1983.
Are donations to LAKE SUPERIOR AND MISSISSIPPI RAILROAD COMPANY tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does LAKE SUPERIOR AND MISSISSIPPI RAILROAD COMPANY 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 LAKE SUPERIOR AND MISSISSIPPI RAILROAD COMPANY 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 LAKE SUPERIOR AND MISSISSIPPI RAILROAD COMPANY last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
Who are the officers and directors of LAKE SUPERIOR AND MISSISSIPPI RAILROAD COMPANY?
The 990-EZ for the year ended December 31, 2025 lists 10 people; 0 received compensation from the organization.
How much revenue does LAKE SUPERIOR AND MISSISSIPPI RAILROAD COMPANY have?
On its 990-EZ for the year ended December 31, 2025 it reported revenue of $154,214, expenses of $148,205 and total assets of $358,032 at year end.

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