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Nonprofit · EIN 88-4265374

RUTHERFORD RAILROAD DEVELOPMENT CORP

Tax-exempt · RUTHERFORDTON, NC 28139

Financials

$65K$38K2023$286K$19K2024
Revenue Expenses · by fiscal year end
Financials of RUTHERFORD RAILROAD DEVELOPMENT CORP by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$286,016$19,123$266,893$293,324$0$293,324
December 31, 2023990$64,765$38,334$26,431$26,431$0$26,431
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$286,016
Program service revenue
$0
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$2,856
Accounting fees
$10,327
Program services (functional)
$7,611
Management and general (functional)
$11,512

Balance sheet and other

Total assets, start of year
$26,431
Total assets, end of year
$293,324
Total liabilities, end of year
$0
Net assets, end of year
$293,324
Net assets without donor restrictions
$93,324
Net assets with donor restrictions
$200,000
Gross receipts
$286,016
Employees
0
Year formed
2023
State of legal domicile
NC

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.

NameTitleHours / weekCompensation
Steve GarrisonSecretary
Trustee or director, Officer
2.25$0
Janet MasonVice Chairman
Trustee or director, Officer
2.25$0
Doug BarrickChairman
Trustee or director, Officer
2.25$0
Scott WebberTreasurer
Trustee or director, Officer
2.25$0
990 for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
Doug BarrickChairman
Trustee or director, Officer
0$0
Scott WebberTreasurer
Trustee or director, Officer
1.75$0
Steve GarrisonSecretary
Trustee or director, Officer
1.75$0
Janet MasonVice Chairman
Trustee or director, Officer
1.75$0

Address and contacts

Address (IRS master file)
289 N MAIN ST, RUTHERFORDTON, NC 28139-2549
In care of
% DOUG BARRICK
Signed the 990
DOUG BARRICK OFFICER, Officer
Phone
(828) 429-7570
Return prepared by
Amy P Torvinen CPA

Mission

The purpose of the corporation is to acquire,preserve,maintain, and manage former railroad rights of way for interim public recreational trail use to ensure their availability for future rail service reactivation. To promote public health and wellness.

990 for the year ended December 31, 2024

Program accomplishments

  • Protect the Rails for Trails by: Engage townships connected to the Trail to participat Protect Encroachment of Trail Property Establish educational programs about the environment, history, and recreational benefits of trails Provide a safe environment for trail use
    Expenses $7,611 · revenue $286,016

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, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
88-4265374
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
2024
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$293,324
Income (IRS master file)
$286,016

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$286,016$19,123$293,324XML
990December 2023$64,765$38,334$26,431XML

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 88-4265374).

Questions about RUTHERFORD RAILROAD DEVELOPMENT CORP

What is the EIN of RUTHERFORD RAILROAD DEVELOPMENT CORP?
The employer identification number (EIN) of RUTHERFORD RAILROAD DEVELOPMENT CORP is 88-4265374.
Is RUTHERFORD RAILROAD DEVELOPMENT CORP tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
Are donations to RUTHERFORD RAILROAD DEVELOPMENT CORP tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does RUTHERFORD RAILROAD DEVELOPMENT CORP 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 RUTHERFORD RAILROAD DEVELOPMENT CORP 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 RUTHERFORD RAILROAD DEVELOPMENT CORP last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who are the officers and directors of RUTHERFORD RAILROAD DEVELOPMENT CORP?
The 990 for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
How much revenue does RUTHERFORD RAILROAD DEVELOPMENT CORP have?
On its 990 for the year ended December 31, 2024 it reported revenue of $286,016, expenses of $19,123 and total assets of $293,324 at year end.

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