Nonprofit · EIN 77-0672002
RAILS ENDOWMENT FOR ACADEMIC ART AND ATHLETIC DEVELOPMENT
Tax-exempt (reinstated) · PROCTOR, MN 55810
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $88,469 | $26,075 | $62,394 | $734,629 | $0 | $734,629 |
| June 30, 2024 | 990 | $192,355 | $33,225 | $159,130 | $533,999 | $0 | $533,999 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $43,686
- Program service revenue
- $0
- Investment income
- $13,616
- Net income from fundraising events
- $31,167
- Other revenue
- $31,167
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $1,026
- Program services (functional)
- $25,802
- Management and general (functional)
- $273
Balance sheet and other
- Total assets, start of year
- $533,999
- Total assets, end of year
- $734,629
- Total liabilities, end of year
- $0
- Net assets, end of year
- $734,629
- Net assets without donor restrictions
- $734,629
- Gross receipts
- $99,171
- Employees
- 0
- Volunteers
- 25
- Year formed
- 2013
- State of legal domicile
- MN
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Louise Lind | Board Member Trustee or director | 5 | $0 |
| Shelly Vanneste | Board Member Trustee or director | 5 | $0 |
| Janelle Gomez | Board Member Trustee or director | 5 | $0 |
| Connie Stanley | Board Member Trustee or director | 5 | $0 |
| Kelly Okstad | Board Member Trustee or director | 5 | $0 |
| Christy Strohm | Board Member Trustee or director | 5 | $0 |
| Rory Johnson | Board Member Trustee or director | 5 | $0 |
| Roxanne Bijold | Board Member Trustee or director | 5 | $0 |
| Gordy Westendorf | Board Member Trustee or director | 5 | $0 |
| Russel Habermann | Board Member Trustee or director | 5 | $0 |
| Ryan Krajewski | Board Member Trustee or director | 5 | $0 |
| Sherm Carlson | President Officer | 5 | $0 |
| Barbara Steen | Vice President Officer | 5 | $0 |
| Lynn Peterson | Secretary Officer | 5 | $0 |
| Jim Ward | Treasurer Officer | 5 | $0 |
990 for the year ended June 30, 2024: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Roxanne Bijold | Board Member Trustee or director | 5 | $0 |
| Connie Stanley | Board Member Trustee or director | 5 | $0 |
| Kelly Okstad | Board Member Trustee or director | 5 | $0 |
| Rory Johnson | Board Member Trustee or director | 5 | $0 |
| Christy Strohm | Board Member Trustee or director | 5 | $0 |
| Janelle Gomez | Board Member Trustee or director | 5 | $0 |
| Russel Habermann | Board Member Trustee or director | 5 | $0 |
| Ryan Krajewski | Board Member Trustee or director | 5 | $0 |
| Louise Lind | Board Member Trustee or director | 5 | $0 |
| Gordy Westendorf | Board Member Trustee or director | 5 | $0 |
| Shelly Vanneste | Board Member Trustee or director | 5 | $0 |
| Barbara Steen | Vice President Officer | 5 | $0 |
| Sherm Carlson | President Officer | 5 | $0 |
| Jim Ward | Treasurer Officer | 5 | $0 |
| Lynn Peterson | Secretary Officer | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 131 9TH AVE, PROCTOR, MN 55810-2741
- In care of
- % JIM WARD
- Mailing address (990-N for 2021)
- 131 9th Ave, Proctor MN 55810
- Principal officer (990-N for 2021)
- Louise Lind, 131 9th Ave, Proctor MN 55810
- Signed the 990
- JIM WARD, Treasurer
- Phone
- (218) 428-0098
- Website
- www.rea3d.org
- Return prepared by
- Duluth Accounting and Tax Services
Mission
To enable life enriching academic, art, and athletic activities which cannot rely on traditional educational funding. It reaches these goals by holding fundraising activities.
Program accomplishments
- To enable life enriching academic, art, and athletic activities which cannot rely on traditional educational funding. It reaches these goals by holding fundraising activities.Expenses $25,802
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 77-0672002
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2013
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B12)
- Assets (IRS master file)
- $734,629
- Income (IRS master file)
- $99,171
Revocation and reinstatement
- Exemption revoked
- November 15, 2010
- Posted by the IRS
- March 11, 2013
- Reinstated
- Effective May 15, 2012
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $88,469 | $26,075 | $734,629 | XML |
| 990 | June 2024 | $192,355 | $33,225 | $533,999 | IRS |
| 990-EZ | June 2023 | – | – | – | IRS |
| 990-N for 2021 Officer: Louise Lind | June 30, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2020 Officer: Louise Lind | June 30, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: Louise Lind | June 30, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
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 77-0672002).
Questions about RAILS ENDOWMENT FOR ACADEMIC ART AND ATHLETIC DEVELOPMENT
- What is the EIN of RAILS ENDOWMENT FOR ACADEMIC ART AND ATHLETIC DEVELOPMENT?
- The employer identification number (EIN) of RAILS ENDOWMENT FOR ACADEMIC ART AND ATHLETIC DEVELOPMENT is 77-0672002.
- Is RAILS ENDOWMENT FOR ACADEMIC ART AND ATHLETIC DEVELOPMENT tax-exempt?
- Yes. The IRS revoked its exemption on November 15, 2010 and reinstated it effective May 15, 2012.
- Are donations to RAILS ENDOWMENT FOR ACADEMIC ART AND ATHLETIC DEVELOPMENT tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does RAILS ENDOWMENT FOR ACADEMIC ART AND ATHLETIC DEVELOPMENT 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 RAILS ENDOWMENT FOR ACADEMIC ART AND ATHLETIC DEVELOPMENT due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did RAILS ENDOWMENT FOR ACADEMIC ART AND ATHLETIC DEVELOPMENT last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of RAILS ENDOWMENT FOR ACADEMIC ART AND ATHLETIC DEVELOPMENT?
- The 990-N for 2021 names Louise Lind.
- Who are the officers and directors of RAILS ENDOWMENT FOR ACADEMIC ART AND ATHLETIC DEVELOPMENT?
- The 990 for the year ended June 30, 2025 lists 15 people; 0 received compensation from the organization.
- How much revenue does RAILS ENDOWMENT FOR ACADEMIC ART AND ATHLETIC DEVELOPMENT have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $88,469, expenses of $26,075 and total assets of $734,629 at year end.
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